“Some networks are “smart.” They offer sophisticated services that can be delivered to very simple end-user devices on the “edge” of the network. Other networks are “dumb” — they offer only a very basic service

“The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that have only known monetary hot potatoes that need to be spent before they devalue have

“To do our best to minimize the economics jargon once again, we might simply ask: what are you going to do with your time? Are you going to create or consume? And how do the

“While many of the innovations in the space are new, they’re built on decades of work that led to this point. By tracing this history, we can understand the motivations behind the movement that spawned

“Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current Japan, who is frankly in the final stages of circling the

“Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made a declaration. It was a bold and risky action. Never before had a colonial state

“Your barber or stylist likely has the broadest network of anyone you know. People from every walk of life, including business owners, accountants, teachers, firefighters and politicians, sit in their chairs, sometimes for hours. It

“Neither a startup nor a bank will ever be able to cost-effectively compete on a global scale with the Lightning Network.” — Graham Krizek

Today we hit a really interesting piece from the founder and

“Investing in bitcoin, we believe, is like having the ability to buy shares of a general “Internet ETF” back in the early 1990s, or like being able to buy undeveloped land on Manhattan Island at

“bitcoin is a protocol stack which we can expect to be expanding for many decades, and its foundation is that lean, simple database defended by the world’s strongest firewall; the bitcoin blockchain. In sum, we

“Expect BlackRock to turn around and shill this to banks, and in particular big banks, such that JPMorgan, for example, can itself turn around and offer “Bitcoin” to its own clients. Of course, it will

“The more wonderful something is, the more passion it will arouse. Bitcoin is among the greatest wonders of the late-modern world, so Greg Foss is understandably very passionate about it. So passionate in fact, that

“What is Bitcoin? Many have attempted to answer this question, but I believe that our quest to do so is doomed to continue in perpetuity. The continuing development of the protocol is where the cutting

“Zapvertising has two forms, and I believe there is a crucial difference between the two. In one version, a company or creator zaps a ton of notes on the Nostr feed. Blockstream has done this

“Nostr isn’t just a social network, in a similar way that Bitcoin isn’t just a transaction network. Both of these things are true, but they each miss the more significant elements of what they accomplish.”

“Much like how two nuclear bombs ended World War II, capital-crushing central bank policy rate hikes and Russian sanctions were like two nuclear bombs dropped on the economy and the banking system. The shock wave

“Price inflation is the highest it’s been in decades. Labor participation is the lowest it’s been in decades. Wealth inequality is continually going in the wrong direction since 1971 and has accelerated during the QE