Calculate your #Bitcoin profit with our DCA Calculator
#Bitcoin will win.
#Monero on the front page of The Economic Times in India
https://finbold.com/is-someone-crowdfunding-a-monero-ad-in-indias-economic-newspaper/
One man's cruelty is another man's pragmatism.
Bitcoin fees are up 200x today. Given the fee hikes, Bitcoin L2s will emerge as a significant category in 2024.
Bitcoin fees have hovered around 1-3 sats/vB in 2022 and early 2023 (before Ordinals). It was not uncommon to easily get your 1 sat/vB transaction in if you were willing to wait a bit. Since Ordinals, we've seen fees do a 20x to 500x increase, depending on the week.
At 500 sats/vB, the Bitcoin L1 becomes hard to use for average users. Users will need to pay approx $50 to move $100 in BTC, and transactions below $50 would not make financial sense. Same for Lightning channels, closing Lightning channels where the economic value is $100 or so would not make sense. At even higher fee rates like 1000 sats/vB, things break more.
𝗛𝗶𝗴𝗵𝗲𝗿 𝗳𝗲𝗲𝘀 𝗮𝗿𝗲 𝗵𝗲𝗮𝗹𝘁𝗵𝘆 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 in the following ways:
(1) Higher fees improve the long-term security budget of Bitcoin. This is one of the biggest criticisms of Bitcoin from Ethereum circles, and real-world data on fees today counters the security-budget arguments.
(2) Higher fees show user demand for Bitcoin block space and revive the Bitcoin builders culture. Bitcoin L1 is alive with activity again!
(3) Higher fees will force our industry to build better Bitcoin L2s. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗟𝟮𝘀 𝗮𝗿𝗲 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝗮 𝗻𝗶𝗰𝗲-𝘁𝗼-𝗵𝗮𝘃𝗲 𝗯𝘂𝘁 𝗮 𝗺𝗲𝗱𝗶𝗰𝗶𝗻𝗲 𝗳𝗼𝗿 𝗿𝗲𝗮𝗹 𝘂𝘀𝗲𝗿 𝗽𝗮𝗶𝗻.
Point (3) is the most important. Bitcoin L2s might be doing 20-30% of all BTC transactions in the coming years (right now, this number is small compared to Bitcoin L1 use). At some point, more BTC will move on L2s than Bitcoin L1. Bitcoin will likely be worth trillions in the coming years, and Bitcoin L2s will play a critical role in the success of BTC.
Relative to their importance, 𝘁𝗵𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗟𝟮𝘀 𝗰𝗮𝘁𝗲𝗴𝗼𝗿𝘆 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝘂𝗻𝗱𝗲𝗿𝗳𝘂𝗻𝗱𝗲𝗱 𝘁𝗼𝗱𝗮𝘆. Ethereum L2s have raised billions of dollars and have a market cap of $50-$60 billion today. The largest funding rounds for Bitcoin companies working on L2s are in the $100-$200M range (Lightspark and Trust Machines are two recent examples), and only a few of them exist. 𝗪𝗲 𝗻𝗲𝗲𝗱 𝗱𝗼𝘇𝗲𝗻𝘀 𝗼𝗳 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗟𝟮 𝗲𝘅𝗽𝗲𝗿𝗶𝗺𝗲𝗻𝘁𝘀.
The Bitcoin L2s category will likely be in the 10s of billions in the coming years and could flip the Ethereum L2s market. It's relatively early for Bitcoin L2s, and they have much catching up to do. Developers are already showing a lot of interest, which is a leading indicator of demand. Hundreds of devs signed up for the sBTC developer release, for example (sBTC is the 1:1 BTC-backed asset for Stacks L2). Lighting, Stacks, Rootstock, and Liquid are the "Big Four" Bitcoin L2s today, with various upgrades in the pipeline (e.g., Stacks Nakamoto release). I'm excited to see what else developers are building, especially new works that reduce trust assumptions for BTC L1<>L2 movement (like BitVM).
𝗧𝗵𝗲 𝘁𝗵𝗿𝗲𝗲 𝗰𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵 𝗳𝗼𝗿 𝗱𝗲𝘃 𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻 will be:
(1) Alternate L1s like Solana and Avalanche.
(2) Ethereum L2s like Arbitrum and Optimism.
(3) Bitcoin L2s like Lightning and Stacks.
Given their relatively small size today, Bitcoin L2s likely have the most room to grow in the coming years. I'm bullish on Bitcoin L2s and can't wait to see more developers using them. It's time to build!
@muneeb
Finance bros after using “BPS” instead of percent
Introducing Presearch: The Decentralized Search Engine
Presearch is a decentralized search engine designed to empower users, respect their privacy, and provide a better search experience. It is powered by over 65,000 user computers (nodes) in more than 100 countries.
In a world where Big Tech search engines dominate the web with a monolithic force, Presearch stands apart as a user-centric, privacy-focused, and community-driven alternative.
Why Presearch Matters
Traditional search engines are subject to censorship, collecting vast amounts of user data, invading privacy, tracking and profiling users for profit while controlling the world’s access to information.
“The world needs a search engine that is created by the people, for the people, in a way that protects privacy, can’t be censored and runs on decentralized infrastructure to provide resilience. That’s what we’re building here with Presearch,” said Colin Pape, founder of Presearch.
Understanding Presearch
Presearch is a blockchain-based search engine that respects user privacy and choice while providing rewards. Unlike conventional search engines, Presearch does not track your online activity or sell your data to advertisers. Instead, it lets you control your search experience by allowing you to choose your preferred search engine and customize your search results.
With centralized search engines, the users are the product, bought and sold to the highest bidder. With Presearch, it’s the opposite: Presearchers own the value of their web searches through something called Search Staking, which enables you to earn PRE tokens, the currency that powers Presearch.
These PRE tokens are also used to reward people from all over the world who run Presearch’s node software, which powers the search engine with decentralized computing resources rather than massive data centers like those powering other search engines.
Advertisers pay for ads in PRE, completing the value circle for the project. The goal is to have Presearch be a platform that is censorship-resistant, independent, and antifragile – similar to Bitcoin.
Key Features of Presearch
1. Privacy: Your searches on Presearch are private and not tracked. Your data is not used to create personalized profiles or target ads.
2. Choice: Presearch allows users to choose from more than 100 different search providers with a single click, giving you the flexibility to find the desired results.
3. Rewards: Presearch rewards users with PRE tokens for participating in the platform. These tokens can be staked, traded, or used to access other perks in the ecosystem, like AI search.
4. Community: Presearch is crowd-funded, and community-driven and is implementing community governance through the Presearch Foundation.
5. Decentralization: Presearch uses blockchain technology and user nodes to power its decentralized infrastructure and will be fully open-sourced as the project evolves.
Latest Presearch Innovations
1. PreGPT AI: The current version of PreGPT is powered by OpenAI, but the project is building a decentralized AI offering that will run on Presearch nodes.
2. Search API: The Search API enables other search engines, applications and AI experiences to be powered by Presearch results.
3. Search Staking: Search staking allows you to earn increased search rewards with Presearch. You stake at least 1000 PRE to earn elevated rewards for up to 25 searches per day.
4. Keyword Staking: Keyword staking is a concept by Presearch that allows companies to gain website traffic by staking their PRE tokens. Whichever advertiser stakes the most tokens has their ad displayed when their keyword of choice is searched. Advertisers can withdraw their PRE tokens at any time, making traffic almost free!, The minimum amount for keyword staking is 100 PRE.
5. Node Staking: Nodes provide the computing resources that power Presearch search results. Node staking allows individuals to help process requests within the Presearch ecosystem and earn rewards in exchange for their work running nodes. The minimum amount to stake nodes and obtain rewards is 4000 PRE per node.
How to Get Started
>Sign up: To begin using Presearch, visit [ https://account.presearch.com/signup?rid=4277987 ] and create a free account.
>Customize: Choose your preferred search providers, customize your settings, and make Presearch your own.
>Search and Earn: Start searching with Presearch and earn PRE tokens for your searches. The more you search, the more you can earn.
>Search staking: Stake at least 1000 PRE to start earning increased rewards for your searches.
About Presearch
Presearch was founded in 2017 with the mission to provide a user-focused, decentralized search engine that respects privacy, enables choice, and rewards community participation. It is powered by blockchain technology and a passionate global community of users and developers.
For media inquiries or more information, please contact:
media@presearch.io
To start your decentralized search journey, visit > https://account.presearch.com/signup?rid=4277987 today.
#Bitcoin is graduating from “college” and heads out into the real world in 2024.
- Michael Saylor.
Mullvad's public encrypted DNS Servers run in RAM now
Sweden-based VPN provider Mullvad announced today that its public encrypted DNS servers run fully in RAM. The announcement comes less than two months after Mullvad completed the migration of its VPN infrastructure to RAM.
The main benefit of running servers in RAM is that all traces of activity on disk are removed. Mullvad uses its own custom infrastructure to power its services and engineers are constantly working on improving it.
Encrypted DNS, widely known as DNS over HTTPS, protects DNS traffic by encrypting it. Network spies, such as the ISP or malicious actors, don't get cleartext information anymore when the security feature is enabled.
https://ghacks.net/2023/11/11/mullvads-public-encrypted-dns-servers-run-in-ram-now/
A blacklist of banks that block movements to or from #Bitcoin / #Crypto related services.
#ProofOfWalk
He will develop anger and resentment towards society, and when he becomes capable, he will commit heinous crimes.
Who will be responsible?
It takes a whole tribe, commune, and society to nurture and foster children. The collective consciousness, cultural values, worldviews, self-esteem, and mental constructs become the default archetype of individuals.
When a person commits a crime, the criminal is not just the individual but, directly or indirectly, the whole of society.
What I've shared here is difficult to comprehend with the current socio-cultural mindset.
Introducing Badger Swarm: New Project Helps Privacy Badger Block Ever More Trackers
Today we are introducing Badger Swarm, a new tool for Privacy Badger that runs distributed Badger Sett scans in the cloud. Badger Swarm helps us continue updating and growing Privacy Badger’s tracker knowledge, as well as continue adding new ways of catching trackers. Thanks to continually expanding Badger Swarm-powered training, Privacy Badger comes packed with its largest blocklist yet.
https://www.eff.org/deeplinks/2023/10/privacy-badger-learns-block-ever-more-trackers
Here’s what led Android 14 to lock some Pixel users out of their phone
Thankfully, the November 2023 security patch contains a fix for this bug
Some Pixel 6 users got a rude shock after updating their phone to Android 14, as they were locked out of their phone's internal storage. The issue primarily affected Pixel users who had multiple user or guest profiles set up. Following an increasing number of reports, Google acknowledged the bug and confirmed it was working on a fix. Late last week, the company made the patch available for affected users through a test, noting a wider release could commence in the next two weeks. That fix is now rolling out as a part of the November 2023 security patch, with more insight also being available on what exactly went wrong.
https://www.androidpolice.com/what-led-android-14-lock-some-pixel-users-phone/
No More Phone Number Swaps: Signal Messaging App Now Testing Usernames
Offering usernames will allow people to stop giving out their phone number —a sensitive piece of information— in order to connect with others on the messaging app.
Encrypted messaging service Signal is now testing usernames, which will offer people a more private way to share their contact details on the app.
Signal kicked off the public test today through a new beta build available in its community forums. "After rounds of internal testing, we have hit the point where we think the community that powers these forums can help us test even further before public launch,” says Signal VP of Engineering Jim O’Leary.
Zuckerberg personally rejected Meta's proposals to improve teen mental health
https://edition.cnn.com/2023/11/08/tech/meta-facebook-instagram-teen-safety/index.html
#Firefox will support at least 200 new extensions on #Android this December
https://www.androidpolice.com/firefox-mozilla-extensions-android-mobile/
We've officially mined 93% of the 21m #bitcoin.
Only 7% left.
Bitcoin mining is the process of validating and adding new transactions to the Bitcoin blockchain. Miners use powerful computers to solve complex mathematical problems, and when they successfully solve a problem, they are rewarded with newly minted Bitcoins. This process not only ensures the security and integrity of the Bitcoin network but also creates new Bitcoins in a controlled manner.
In the early days of Bitcoin, mining was relatively easy and could be done using regular computers. However, as the popularity of Bitcoin grew, the mining difficulty increased, and specialized hardware called ASICs (Application-Specific Integrated Circuits) became necessary for efficient mining.
As for the 7% of Bitcoin left to be mined, it's important to note that mining becomes progressively harder as more Bitcoins are mined. This is due to the design of Bitcoin's algorithm, which adjusts the mining difficulty every 2016 blocks (approximately every two weeks) to maintain a consistent block generation time. So, while there's still some Bitcoin left to be mined, it may take more time and computational power to mine those remaining coins.
But don't worry, even when all the Bitcoin has been mined, miners will still play a crucial role in securing the network by validating transactions and earning transaction fees. Bitcoin mining is an exciting and ever-evolving field, so if you're interested, it's worth exploring further! 💪💻⛏️
Below mentioned is the list of publicly traded Bitcoin mining companies in USA 🇺🇸
Together they hold $1.3 billion worth of #Bitcoin
"Cherish those who seek the truth but beware of those who find it" is a fancy way of saying that it's great to be around people who are curious and always searching for knowledge and understanding. They're like little truth-seekers, and they can teach you a lot! But be cautious of those who claim to have all the answers, because sometimes they might be full of baloney. It's good to question and think for yourself, rather than blindly following someone who thinks they've got it all figured out.