“Wide adoption of LNURL would … be a detriment to the pseudonymity of the Lightning Network. Instead of using a web server as the endpoint for LNURL, users could use Nostr keys as endpoints for LNURL transactions to conceal their identities.”
“Note: Storing the entire current UTXO set for Bitcoin nodes may potentially be eliminated in the future via the implementation of UTreeXO, which shifts the burden of proving that a transaction spends a valid UTXO to the owner of the UTXO, reducing the storage requirements from gigabytes to kilobytes.”
“Instead of using notification transactions to exchange payment codes between merchants and customers, payment codes could be exchanged via Nostr. As opposed to other communication methods, Nostr is suitable for the exchange of BIP47 payment codes as no central authority exists to potentially censor the exchange of messages. At the same time, all direct messages on Nostr are encrypted by default, eliminating the need to compute shared secrets. By making use of BIP47 via Nostr, users can avoid the creation of UTXO set bloat via unspendable outputs and eliminate the correlation of recurring versus non-recurring payments as well as the publication of customer bases through the avoidance of toxic change and the re-use of notification addresses.”
“If its roadmap is successful, this project could have a massive effect on reducing the computational costs for Bitcoin users to bootstrap a fully-validating Bitcoin client.”
“Now, to wrap up, I want to make a kind of cheeky point: ZeroSync is built utilizing the Cairo language developed by Starkware, a Turing-complete language that can be used to build zero-knowledge systems for arbitrary computations. Starkware is a company developing ZKPs for the Ethereum ecosystem, specifically developing zero-knowledge rollups as a second layer solution. ZeroSync building out a ZKP-verified syncing client for Bitcoin might wind up being the first time a real material development from an altcoin actually produces a valuable improvement that folds back into the Bitcoin ecosystem.”
“Engineers inside Microsoft have been using the Security Copilot to do their jobs. “It can process 1,000 alerts and give you the two incidents that matter in seconds,” Jakkal said. The tool also reverse-engineered a piece of malicious code for an analyst who didn’t know how to do that, she said.”
https://www.cnbc.com/2023/03/28/microsoft-launches-security-copilot-in-private-preview.html
“Due to the fact that bitcoin miners are forced to find the cheapest electricity, feel a downward pressure due to the difficulty adjustment and the near-perfect competition market dynamics of mining, they are driven toward waste energy. This turns out to be very helpful for the environment because a lot of these energy sources are bio-methane like in landfills, livestock waste and so on. Anthropogenic methane is the number-two source of global warming, second only to carbon dioxide.”
“If Barney Frank, co-author of the infamous Dodd-Frank Act that was supposed to reform Wall Street after the 2008 sub-prime mortgage crisis, was sitting on the board of New York’s failed Signature Bank, who can confide in the expertise of any financial institution’s board?”
“Interestingly, so far in the entire lifetime of Bitcoin, the average miner has spent 2,184 days enjoying profits, while they have spent 2,447 days in losses. This means that 47% of all days have been profitable, meaning that there is a pretty even split between profitable and unprofitable days.
“According to economic theory, a perfect market is one where supply and demand reach equilibrium, and the price of the asset approaches the point of cost (production price),” explains Glassnode. “Given how close these numbers are to a 50:50 condition, one could argue that the difficulty adjustment has done a remarkable job of targeting just such an equilibrium.”
https://bitcoinist.com/glassnode-bitcoin-mining-remarkable-equilibrium/
Yes but I think it also involves assuming that Bitcoin will remain unbroken as a network and that adoption will continue.
“…Bitcoin is widening the gap with “crypto” and finding its own ethical stance supported by companies that are only involved with its monetary soundness.”
“Not your keys, not your coins” is a powerful Bitcoin mantra, meaning if your wallet doesn’t give you exclusive access to your private keys, you don’t actually own bitcoin. Instead, a third party — like an exchange — will hold it for you just like a bank keeps custody of your money.”
“…it takes time for collective psychology to adapt from an era of cheap money to one of much less cheap money.”
https://www.ft.com/content/73800bb5-2a6a-4875-ab49-de7d0421543f
“Bank uncertainty emphasizes the point that customers' funds aren't as safe in regulated banks as they have been made to believe, and only validates Bitcoin's appeal as a decentralized, peer-to-peer network and seizure-resistant cryptocurrency facilitating the self custody of funds.”
“This is a time of maximal confusion and new narratives develop and travel through markets at an increasingly fast pace. In such conditions, projecting a lot of confidence in an economic or rates outlook doesn’t make much sense. Recall that FOMC Chair Powell set the door wide open to a 50bp rate hike the day before the problems at SVB surfaced.”
https://research.rabobank.com/markets/en/documents/306325_BoE_PostMeeting_GreenLight_230323.pdf
“Assets bubbles aren’t just some abstract idea. Instead, bubbles cause a Herculean misallocation of resources in the real economy. Bitcoin fixes this. Yes, this means housing prices will come down, but they need to come down. Home sellers are not any more important than home buyers.”
“…the US should lean into the best money man has ever come into contact with, bitcoin… Unfortunately, it does not seem like that's going to happen at the federal level.”