Is the Bitcoin network really working outside the current system? (I recommend we all pause here for reflection) … Perhaps better way of thinking about It is that the Bitcoin is evolutionary iteration, an invention that humanity needed to solve certain problems (for example, store long term value in easily accessible asset of hard nature). Future progress of both monetary systems (Fiat and Bitcoin) is anyones guess, they can live together, one can overtake the other, or both might fail, but it seems to me at the moment at least Bitcoin is dependant on Fiat. #Bitcoin

As a bitcoiner I have tendency to compare Bitcoin Standard to Fiat Standard and highlight benefits of the former. Rightly so, but we should not forget there are rough edges in Bitcoin network design too (such as tendency towards centralisation of mining pools) and it’s these rough edges I am trying to focus on and explore trajectory and potential improvements. Could you please share your thoughts on where Bitcoin can be improved? #Bitcoin #BTC

It is truly a new beginning!

BTC miners earning season is nearly here:

CIFR 08-Aug-23

CLSK 08-Aug-23

HUT 10-Aug-23

CORZQ 11-Aug-23

MARA 14-Aug-23

HIVE 15-Aug-23

WULF 15-Aug-23

SDIG 15-Aug-23

RIOT 21-Aug-23

BITF 21-Aug-23

ARB.L 23-Aug-23

IREN 12-Sep-23

Will hash signature be accepted on tax return documents?

In Europe Deutche Bank today applied for custody license for bitcoin and other digital assets, which I think is the result of upcoiming MiCA regulation. There are governmental entities that do help to explain the upcoming regulation and help to prepare for obtaining a license. It does seem to prove that once regulatiory front clarifies (even if legislation is not perfect) institutions will jump onboard. #Bitcoin #DigitalAssets #Crypto

Doing more research around bitcoin adoption. With the acceptance of BTC as legal tender in El Salvador we have real world data about adoption and usage progress of the cryptocurrency. From conversations with people of El Salvador, it seems that adoption of native Bitcoin framework as payment is limited to edge cases and younger population. This is not confirmed (and I’d love to be pointed to news/data about it) l, but I suspect people do HODL it as an investment more than as a ways of making payments (same as people in western societies). But disrupting that patter might be availability of the Bitcoin Lightning network. Very little data on this so if anyone has good links to follow, I’d appreciate the help.

#BTC #Bitcoin #Elsalvador #Lightning

Looking to learn about various pressures and problems BTC miners are facing now (in US but also internationally). Any suggestion where to start? Who to talk to? #Bitcoin #Mining #BTC #soundmoney

To BTC miners. Are you going to BTC Miami this year? Do you want to connect? #BTC #mining #Bitcoin #btcmiami

As the Bitcoin mining sector starting to consolidate (example of that is merger of Hut8 and US Bitcoin Corp) and as hashrate increases, making it possible to profitably mine BTC only for big companies who can secure electricity supplies and purchase huge numbers of mining hardware, isn’t the bitcoin network at danger of centralisation? If we add to this just very few companies who produce ASIC’s and dynamics of mining pool operations the de-centralisation of the network appears to be at risk. Can anyone point me to materials discussing these issues or comment below? #Bitcoin #BTC #crypto

I’d like to learn how to run a bitcoin lightning node. Where can I start? #bitcoin #lightning #mining #btc

Thanks

Good post. Thank you. I am looking to connect with miners and learn from them how they are preparing for the event of halving. Any idea where to start? #mining #bitcoin #btc #halving

Why? What’s going on?

Trying to explore alternatives to bitcoin core node clients. Can anyone suggest good implementations? #bitcoin