Bitcoin Open Panel Q&A. Let's Just talk Bitcoin!
THU, NOV 16 · 7:00 PM AST
Group name:Bitcoin Curaçao • Curaçao, CW
Here we go...
NASA's New Solid State Battery Can REVOLUTIONIZE Travel
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
Witness: FTX had $5 billion in crypto at market top, should have had $20 billion
FTX Was Supposed to Have $20 Billion in Customer Crypto—It Only Held $5 Billion
An expert witness called in Sam Bankman-Fried's trial said between January 2021 and October 2022 FTX never had all its customer's crypto funds.
https://decrypt.co/202223/ftx-had-5-billion-when-it-was-supposed-to-have-20-billion
At the end of the day, the only way to know for sure if an exchange actually has assets on its books is to withdraw them to your self-custody.
Binance.US users no longer able to withdraw dollars to bank account, stablecoins required
Binance.US Halts Direct Dollar Withdrawals
U.S. dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use.
https://www.coindesk.com/policy/2023/10/17/binanceus-halts-direct-dollar-withdrawals/
Cutting off withdrawals to banks can be especially problematic for beginners. This means if a user needs dollars in their bank account ASAP, they have to move their stablecoins or other crypto to another exchange, sell there, and then withdraw. That's a lot of hoops to jump through.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
"There has always been a gap between the sovereignty, privacy, and security of software, and the usability of it. But thanks to an enormous amount of work and brilliant developers, day by day that gap is getting smaller. Where the most secure tools, the most robust node setups, the non-custodial options, are getting easier, faster, and more responsive. " -- Guy Swann
COMING SOON: AN EASIER WAY TO BOOTSTRAP YOUR NODE'S UTXO SET
"After four years of work, James O'Beirne's assumeutxo option to allow instant UTXO set bootstrapping for your Bitcoin node is merged into Bitcoin Core." -- Shinobi
"There used to be tradeoffs between Lightning and fiat: UX vs. sovereignty; UX vs. speed; UX vs. cost; off-the-shelf fiat payment widgets vs. coding a node into an app. With the Breez SDK, Lightning beats fiat across the board. It’s faster to implement (as Ross says, “It’s like one or two API calls to set up a node, one to send a payment and one to receive payment”), cheaper to use, legally less complicated (check your jurisdiction), more private, and the UX is on par with fiat for the user and even better for the developers." -- Roy Sheinfeld
Building on Lightning: How Satimoto Is Beating Fiat with the Breez SDK
THE BIG DEAL WITH BITVM: ARBITRARY COMPUTATION NOW POSSIBLE ON BITCOIN WITHOUT A FORK
Any arbitrary computation can now be verified on Bitcoin, with no softfork necessary, in a challenge-response based protocol that can be enforced on-chain.
"It requires no consensus changes to Bitcoin at all. The trick is lifting all of that logic off-chain and being able to challenge a few steps of the computation on-chain if the other party asserts a dishonest outcome. In short, BitVM will bring arbitrary Turing-complete computation, in an enforceable way, to bitcoin itself – today."
Jack Dorsey’s Block Unveils New Bitcoin Hardware Wallet
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
GM #plebchain, stay humble, stack bits/sats, and think for yourself.