LIGHTNING IS THE COMMON LANGUAGE OF THE BITCOIN ECONOMY
Lightning is becoming a translation layer, or a glue, that holds together different systems built on Bitcoin.
https://bitcoinmagazine.com/technical/lightning-is-the-common-language-of-the-bitcoin-economy-
SOFTWARE WALLETS
Comparing 23 Bitcoin Software Wallets feature by feature
“ICBC said that Bitcoin has managed to retain a scarcity similar to gold through its mathematical consensus mechanism. The flagship crypto has resolved issues related to divisibility, authenticity verification, and portability.
The report added that despite Bitcoin’s waning monetary attributes, its status as an asset is solidifying.”
World’s largest bank ICBC praises the evolution of Bitcoin, Ethereum as innovative financial assets
ICBC compared Bitcoin to gold and said Ethereum has established itself as “digital oil” capable of powering myriad applications across the web3 ecosystem.
“…that the lives and efforts of other men are not his property and are not there to serve his wishes. A rational man never holds a desire or pursues a goal which cannot be achieved directly or indirectly by his own effort.” -- Ayn Rand
In a world often perceived as a constant tug-of-war between individual desires and societal expectations, Ayn Rand's philosophy of rational self-interest offers a thought-provoking perspective.
Her principles challenge the conventional wisdom that pits individual interests against those of society, casting doubt on the supposed conflict between competition and cooperation.
Rand's ideas invite us to re-examine our understanding of freedom and responsibility, prompting us to question whether the perceived clash between the individual and the collective is indeed a myth.
By delving into her principles, we may uncover a more nuanced and harmonious relationship between personal pursuits and societal well-being, shedding light on the intricate interplay between self-interest and the greater good.
The original article:
The Virtue of Selfishness Series by Ayn Rand https://www.douglasficek.com/teaching/phi-102/rand.pdf
“Educating the world about bitcoin has succeeded in building a community of knowledgeable, dedicated, enthusiastic people from the fields of tech, economics, politics, and finance, but orange pilling has taken us as far as it can. Like many strategies, the marginal gains of educating the world were remarkable in the early stages, but they’ve flattened… Orange pilling has stopped working.” -- Roy Sheinfeld
As the cryptocurrency landscape evolves, the traditional “orange-pilling” strategy – the process of educating and convincing people about the merits of Bitcoin – seems to be losing its effectiveness. This article delves into the potential limitations of this approach and explores new avenues that could drive broader adoption in a rapidly changing landscape.
The concept of orange-pilling, derived from the famous “red pill” analogy in the Matrix, has been a cornerstone of the Bitcoin community's efforts to spread awareness and understanding. However, as the technology matures and the market becomes more saturated, relying solely on educational efforts may no longer be sufficient. This article aims to provide a fresh perspective on creating real-world utility for Bitcoin, which could be the key to unlocking its true potential and driving widespread adoption.
Orange Pilling Has Stopped Working.
https://medium.com/breez-technology/orange-pilling-has-stopped-working-4a407252c7a3
Online Privacy: An Endangered Species
https://threema.ch/en/blog/posts/online-privacy-endangered-species
“In NRA, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent _Cantero_ decision sheds light on how this legal framework might impact Custodia Bank's appeal against the denial of their master account by the Federal Reserve.” -- Colin Crossman
Recent Supreme Court rulings could provide powerful legal ammunition to combat the excessive regulatory crackdown and unlawful assaults on the Bitcoin and cryptocurrency industry. These verdicts may reshape the battle against Operation Choke Point 2.0, which aims to cut off the crypto market's access to financial services. Additionally, they could influence the ongoing struggle of Custodia Bank, whose application for a Federal Reserve account was rejected, potentially opening new avenues for the bank to challenge that decision. These rulings shed light on the implications for the crypto space and may offer opportunities to counter the overreaching measures threatening its growth and innovation.
Great article by Colin Crossman.
NRA & Cantero in the Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
The establishment, driven by an insatiable desire for control and oversight, has embarked on a relentless pursuit of convenience under the guise of progress. However, this facade conceals a more controlling agenda – the systematic erosion of individual autonomy in financial transactions.
By implementing intricate layers of surveillance and monitoring mechanisms, they have effectively erected barriers that impede the free flow of value between individuals. This deliberate obfuscation of peer-to-peer transactions not only undermines personal privacy but also serves as a potent tool for maintaining centralized authority over the very lifeblood of economic exchange.
Want to pay cash? That’ll cost you extra
https://finance.yahoo.com/news/want-pay-cash-ll-cost-120000404.html
“The stadium’s concession stands no longer take cash. An employee directed him to a kiosk that could convert his greenbacks into plastic. Khamallah, 41 years old, fed $200 into the reverse ATM, which subtracted a $3.50 fee and spat out a debit card with a balance of $196.50.”
Bring Your Own Lightning Address
The article argues that understanding Bitcoin is not a test of intelligence, but rather a test of humility. It suggests that those with high IQs often struggle to grasp Bitcoin's core principles due to their egos and preconceived notions.
The author contends that Bitcoin challenges traditional ways of thinking and requires an open mind to comprehend its decentralized, trustless nature.
The article emphasizes that Bitcoin's true value lies in its ability to transfer value without relying on third parties, which is a paradigm shift from traditional financial systems.
Ultimately, the article posits that embracing Bitcoin requires setting aside one's ego and humbly accepting a new way of thinking about money and trust.
Bitcoin is Not an IQ Test But a Humility Test
https://www.piecover.com/2024/06/bitcoin-is-not-iq-test-but-hmility-test.html?m=1
Attacker sends nearly 24,000 phishing emails derived from compromised CoinGecko third-party email platform
In the ever-evolving landscape of cyber threats, it is crucial to exercise caution when dealing with emails. One effective strategy is to embrace the concept of email segmentation, utilizing multiple single-use addresses to minimize the potential impact of security breaches or data leaks.
For iOS users, Apple's "Hide My Email" feature offers a convenient solution, providing a layer of anonymity and protection.
Android users, on the other hand, can explore viable alternatives like SimpleLogin, which empowers them to create disposable email addresses, effectively reducing their exposure to malicious actors and potential data breaches.
Reminder tomorrow: "Blockstream LOCAL Liquid Workshop"
https://www.meetup.com/bitcoincuracao/events/300772502/
Here a similar video a colleague made:
Getting Started on the Liquid Network (Bitcoin/L-BTC, USDT)
https://youtu.be/IhRbIZQTPcs?feature=shared
LBTC address:
VJLH5bDA5C3JqUgs4F498NGzZNUrsh11nz9ricN35j8Zf6mfNRyPYv9bjojUtJaRZVSs1SsYFbZhL9Kk
nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n
The Decentralized Future: Convergence of Bitcoin, AI, and 3D Printing
Imagine a world where the future of decentralization transcends the boundaries of Bitcoin alone, and instead, emerges from the convergence of a multitude of disruptive technologies. This convergence has the potential to shift power back into the hands of individuals, redefining our world in the next three decades.
At the heart of this revolution lies the synergy between Bitcoin, artificial intelligence (AI), and 3D printing. Bitcoin, with its decentralized and transparent nature, has already challenged traditional financial systems.
AI, with its ability to process vast amounts of data and make intelligent decisions, could revolutionize various industries, from healthcare to manufacturing. And 3D printing, with its potential for localized and on-demand production, could disrupt traditional supply chains and empower individuals to become self-sufficient.
Together, these technologies could create a decentralized ecosystem where individuals have greater control over their finances, data, and production capabilities. AI could optimize Bitcoin transactions and 3D printing processes, while Bitcoin could facilitate secure and transparent transactions for AI-powered services and 3D-printed products. Localized manufacturing through 3D printing could reduce reliance on centralized supply chains, empowering communities to become more self-sufficient.
This article explores the convergence of these technologies and its implications for our technological and economic future. It invites us to envision a world where centralized powers are disrupted, and individuals regain control over their lives, fostering a more equitable and sustainable society.
Link article:
DECENTRALIZATION AND LOCALIZED MANUFACTURING: BITCOIN, AI AND 3D PRINTING
A look at the similarities between AI, 3D printing, and Bitcoin in terms of their disruptive potential as decentralized technologies.
Why you need to run a Bitcoin Node
https://www.thebitcoinway.com/articles/why-you-need-to-run-a-bitcoin-node
Sooner or later you will be misidentified by your government with noble and good intentions.
'I was misidentified as shoplifter by facial recognition tech'
Still using PayPal and Venmo?
PayPal Is Planning an Ad Business Using Data on Its Millions of Shoppers
Payments company hires Uber’s former head of advertising to run a new ad division
“Fedimint is a scalable self-custodial off-chain programmability layer on top of Bitcoin. It allows for use cases that are difficult, time-consuming, and unscalable for general users to do on-chain today. You might think I had a typo calling Fedimint a self-custodial network. Let me explain…” --Tony Giorgio
Embracing Nuance and Exploring Novel Solutions
In our pursuit of solutions, we often risk overlooking the nuances that could unlock a wealth of novel and highly valuable approaches to our problems. The goals we set for ourselves, such as those envisioned with Bitcoin, should not be viewed as final conclusions but rather as points along a never-ending spectrum of exploration and growth. Fedimint represents a profound shift in the realms of trust and privacy for Bitcoin users, breaking down enormous barriers to the provision of services. By embracing the nuances and remaining open to innovative solutions, we may discover paths that transcend our current limitations and unlock new horizons of possibility.
Evaluate how this approach measures up against Bitcoin's trust model and other currency networks. Compare it to Wrapped Bitcoin on the Ethereum blockchain, zero-knowledge roll-up technologies, state chains running on secure enclaves considered noncustodial, and other cryptocurrencies without questionable pricing schemes (insofar as they are legally permitted to operate as self-custodial networks).
This article reframes both the problem and the solution to the many challenges of building in this new industry.
Fedimint (Federated Ecash) is Self-Custodial by Tony Giorgio
Hold the line
