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  • The Sudden, Unexpected End of Crypto Tribalism

    “The lower the stakes, the more intense the dispute.” Sayre’s Law The Narcissism Of Small Differences Bitcoin and the crypto world have enjoyed a phenomenal decade. Despite the fact that Bitcoin is perhaps the most disruptive technology to the status quo since the printing press, the powers-that-be have mostly left us alone. Sure, exchanges have been obliged to perform KYC measures, there’ve been a few darkmarket arrests, China banned Bitcoin a few times and th...

  • Exploring Drivechain, A Miner-Secured Bitcoin Sidechain

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost are once again joined by Ruben Somsen. The trio discussed Drivechain, a sidechain project spearheaded by Paul Sztorc. Sidechains are alternative blockchains, on which coins are pegged to bitcoin. This should make the sidechain coins interchangeable with bitcoin and therefore carry an equal value. In a way, sidechains let users “move...

  • Why Bitcoin Is One Of The Most Undervalued Assets In 2021

    According to Bloomberg, bitcoin’s 9 million percent price rise makes it the best performing asset of the last decade. But what if I told you that even in 2021, Bitcoin is still one of the most undervalued assets there is? If you are one of those people who has thought of putting money into bitcoin, but just could not pull the trigger, then you are not alone.  The crypto community today is flooded with people who, unfortunately, do not understand the fundamentals lying behind these d...

  • How Money Printing Really Works

    A Short Introduction To What Influences Money Supply In The Modern Economy It’s undeniable  —  the world runs on money. This thought is ingrained in all of us and we all understand it deeply. This is evident by the fact that we spend vast amount of hours every day in order to attain more of it. In the Bitcoin space, we constantly see news, memes and critiques about how the central banks have printed absurd amounts of money yet again. The truth of the matter is that the monetary sys...

  • Bitcoin In 2021: A New Hope

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast In this episode of Bitcoin Magazine’s “Fed Watch,” Christian Keroles and Ansel Lindner look back at the events of the last few weeks and put them into a macro perspective. They also give us an optimistic vision of the next year that only the Bitcoin space can offer. This show always delivers macro insights you cannot find anywhere else! The episode began with a quick discussion of censorship and the Bitcoin Twitter exodus...

  • Bitcoin Core 0.21.0 Released: What’s New

    Today marks the official release of Bitcoin Core 0.21.0, the 21st major release of Bitcoin’s original software client launched by Satoshi Nakamoto about 12 years ago.  Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by well over a hundred contributors in a span of about six months. The result of over 600 merged pull requests, Bitcoin Core 0.21.0 is one of the biggest Bitcoin Core releases in recent years, introducing various new featu...

  • Gemini To Launch Bitcoin Rewards Credit Card

    Today, cryptocurrency exchange Gemini announced its plans to launch Gemini Credit Card, which will reward users with bitcoin back for purchases, later this year. The launch announcement follows Gemini’s acquisition of Blockrize, a fintech company that had already been working on such a product. Gemini has started a waitlist for early access to the credit card that will also include Blockrize’s more than 10,000 waitlist members. “By combining Gemini’s simple, reliable and safe platf...

  • Understanding Bitcoin’s Scarcity

    Bitcoin is obviously scarce. And it seems to be becoming scarcer over time.  But, perhaps due to the current bull run, doubts about both of these propositions are seemingly on the rise among bitcoin skeptics. Criticisms come in a few different flavors. The main one that I have seen argues that bitcoin cannot be scarce because it is highly divisible. Recently, that particular line of reasoning was subject to some particularly colorful discussions on Twitter.  In this article, I wa...

  • The Hardest Trade: BitcoinTina On Bitcoin

    Listen To This Episode: AppleSpotifyLibsynOvercast In the fifth installment of the “BitcoinTina On Bitcoin” series, CK and BitcoinTina discussed the potential bull market scenarios for bitcoin. In this podcast, they covered three different bitcoin price scenarios which are all very bullish but difficult and distinct to trade. #bitcoin has 3 potential price paths IMO.1. Parabolic up in 2021 then crash. Typical view of bitcoiners. Deep consensus.2. up 2-5X each year 20...

  • Compute North, Foundry Digital Partner To Bring More Bitcoin Mining To North America

    Compute North, one of the largest bitcoin mining companies in North America with mining farms in Big Spring, Texas; Kearney, Nebraska; and North Sioux City, South Dakota, is taking a great leap forward through a new partnership with financial services firm Foundry Digital, a subsidiary of Digital Currency Group based in Rochester, New York. Through the partnership, Foundry will supply 14,000 new Whatsminer M30S mining rigs from MicroBT to be hosted at Compute North’s North American colocati...

  • Achieving Bitcoin Anonymity Through Mixers

    This is a promoted article provided by BitMix.Biz A bitcoin mixer, also known as a bitcoin blender or tumbler, is a service designed to ensure the anonymity of Bitcoin transactions using a special mixing algorithm where bitcoin from several sources are combined and mixed to rid coins of compromising traces of past transactions to hide their origin and protect the privacy and anonymity of users. The architecture of the cryptocurrency is designed in such a way that each of the Bitcoin transa...

  • “World’s Largest” Darknet Marketplace Has Been Shut Down

    Popular darknet marketplace DarkMarket, which hosted an estimated half million users, was shut down by German police authorities in a raid conducted over the weekend.  Announcements from prosecutors in the cities of Koblenz and Oldenburg indicated that the operator of the marketplace was headquartered somewhere near the border between Germany and Denmark. The marketplace’s server was officially turned off yesterday. “Police in the northern city of Oldenburg ‘were able to arrest ...

  • Human Rights Foundation Provides Grants To Specter, Lot49

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast The Human Rights Foundation (HRF) has announced the latest beneficiaries of its ongoing Bitcoin Development Fund: Bitcoin developer Ben Kaufman and the team at Global Mesh Labs will each receive grants of $25,000. HRF launched its fund last year and it has supported privacy- and sovereignty-enhancing Bitcoin projects like CoinSwap, JoinInbox, Zeus, Fully Noded and package relay. This latest round of grants was backed by cryptoc...

  • The Future Of Bitcoin Upgrades: Off-Chain Contract Execution

    Taproot is currently the most likely next upgrade for Bitcoin. It is one of a few upgrades that are currently being worked on that users and developers would hope to eventually see activated on the network.  All of these upgrades share a general theme that will likely be the theme of many future upgrades as well. This theme is making contracts unicast, or more simply put, moving contract logic off-chain, and leaving it up to the user, instead of the network, to validate and enforce their...

  • How Monetary Policy And Dollar Devaluation Are Driving Institutional Interest In Bitcoin

    In the second half of 2020, institutional investors increasingly started to show an interest in bitcoin. More and more investors have announced that they have allocated part of their cash reserves or a share of their fund toward bitcoin.  The most prominent one certainly has been Michael Saylor with his company MicroStrategy holding 70,470 bitcoin as of now. Another important development has been MassMutual Life Insurance Company converting a share of its fund into bitcoin. Particularly,...

  • Blockstream Adds Six Members To Liquid Federation

    Today, Blockstream has announced the addition of six members to Liquid, its federated Bitcoin sidechain. These members include Bitcoin wallet app Coinos, institutional digital asset custody provider Komainu, privacy infrastructure developer Nym Technologies, Liquid swap infrastructure provider SideSwap, Bitcoin-native financial services provider Vulpem Ventures and fintech-focused broker-dealer Watchdog Capital. “With these new additions, there are now a total of 59 members in the Liquid Fe...

  • 2020: Year 11 Of “The Transformation”

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. 2020 AD. An off-the-charts year in every meanin...

  • Winning Hearts And Minds For Bitcoin

    We often encounter Bitcoiners who assert that Bitcoin is unstoppable and has already “won.”  We happen to agree with them. But the endgame has yet to play out, and it still has two potential paths. One is easy; the other is hard. On the easy path, positive narratives about Bitcoin outweigh negative ones. We experience a peaceful mass adoption process based on people’s expectations for huge individual and societal benefits of money that is hard to print, censor or steal....

  • The Lightning Network Basics

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discuss the basics of the Lightning Network, Bitcoin’s Layer 2 protocol for cheaper, faster and potentially more private transactions. Starting at the beginning, van Wirdum and Provoost explained that the Lightning Network works as a scaling layer because it lets users make off-chain transactions through bi-directional payment...

  • Bitcoin And The Printing Press

    How Information-Freeing Innovation Shapes Society This is the story of two disruptive innovations, which arrived several centuries apart with remarkable similarities. It’s about the largely invisible technological forces that alter incentives of obedience and steer the evolution of how societies are organized. The Mistrust Of Institutions Trust is the key ingredient that enables us to cooperate and trade. The greater our access to information, the greater our ability to assess...

  • Pass The Baton Already: Why Bitcoin Is Poised To Replace Gold

    There is a constant war of ideas being fought between gold bugs, like Peter Schiff, and supporters of bitcoin. In order to accurately compare and contrast gold and bitcoin, we will need to weigh each asset against the various attributes that make a given form of money good money. We will also need to dive into monetary history in order to understand what happens when the prevailing money during a given point in time is confronted by superior money.   The topics we will be covering i...

  • Interview: Securing Bitcoin With Anchorage’s Diogo Monica

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast On this episode of the “Bitcoin Magazine Podcast,” host CK sat down with the cofounder and president of Anchorage, Diogo Monica, to talk about the innovative ways that Anchorage is creating better cold storage conditions for institutional bitcoin and crypto asset storage. Anchorage has become a complete turnkey platform for institutions to leverage in order to build out their bitcoin and other cryptocurrency strate...

  • Bitcoin Magazine’s Guide To Exchange Scaling Support

    Bitcoin exchanges are the single most popular method for acquiring BTC, offering marketplaces where users can transfer fiat or digital currencies for sats. For more information on bitcoin exchanges, visit our guide. But not all exchanges are created equal — some are decentralized, some adhere to strict KYC/AML requirements and some protect user funds better than others. And when it comes to support for some of Bitcoin’s more recent protocol changes and second layer innovations, the dif...

  • A Decade Of Dollar-Denominated Debasement Debauchery

    01/Nov/2008: A pseudonym of unknown nationality sent an email carrying word of Bitcoin, a peer-to-peer, electronic cash system with no trusted third party. The New York Times 02/Dec/2008: “U.S. Recession began last December, economists say”  The Times 03/Jan/2009: “Chancellor on Brink of Second Bailout for Banks”  The New York Times 03/Feb/2009: “Bailout Plan: $2.5 Trillion and a Strong U.S. Hand” Source The 12 years since those headlines, that January 3, 2009 G...

  • How Large-Scale Bitcoin Mining Is Driving Clean Energy Innovation

    Energy consumption from Bitcoin mining is massive, and people are taking notice. The increases have been scaling fast, with mining energy usage quickly surpassing the totals of small countries. And many see this ever-increasing carbon footprint as a threat to climate change. But it’s no threat. In fact, increasing energy usage might save the plant.  Bitcoin Mining Energy Consumption And Its Byproduct In the early days of Bitcoin mining, you could mine with a laptop in your ho...

  • Interview: Faith In Bitcoin With Saint Bitcoin

    For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by a longtime friend in the space, Saint Bitcoin (@Saint_BITCOIN). Saint is the host of the “Pleb Talk Podcast,” which is one of my personal favorites. Unfortunately, it is on hold at the moment until travel restrictions lighten up, and then Saint will be back at it doing great in-person interviews with loads of plebs. In this podcast, we discussed how Saint got into Bitcoin and fell down the rabbit hole, ...

  • Strike Is Bringing The Lightning Network To More Than 200 Countries

    Today, Strike announced a global initiative to bring its Lightning Network payments application worldwide.  After a successful U.S. launch in 2020 and the announcement of its payday solution last week, Strike is rolling out its services to 200-plus countries. Through a partnership with Bittrex, Strike will onboard the exchange’s more than one million customers across the globe. Strike will first add support for the euro, british pound, swiss franc, tether and USDC, with more currency p...

  • SkyBridge Capital Says That “Bitcoin Is Better At Being Gold Than Gold”

    This week, Anthony Scaramucci’s SkyBridge Capital announced the launch of its investment thesis, presentation and full website for its new Bitcoin Fund LP. Unlike other investment firms, it went a step further in explaining why it is actively choosing bitcoin over gold. SkyBridge Capital’s main fund, with $9.3 billion in assets under management (AUM), has invested a now-roughly $300 million position in bitcoin. In December 2020, it announced that it was raising a new, separate bitcoin-onl...

  • BIP 2021: Bitcoin’s Path Toward Reserve Currency Status Is Set

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. The short, 12-year history of Bitcoin is filled...

  • Interview: Sovryn Bitcoin With Edan Yago

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast In this week’s episode of the “Bitcoin Magazine Podcast,” host CK sat down with Edan Yago of the Sovryn project to discuss this initiative and how it is building decentralized infrastructure for Bitcoin.  Sovryn is like a company, except that it runs completely on bitcoin and it is not incorporated into any centralized organization. In other words, it is a fully remote, novel type of company that is fluid, di...

  • Bitcoin’s Killer Application: “Skin In The Game”

    Bitcoin has soared in 2020 and everyone is talking about the price. But I want to talk about how Bitcoin is actually being used and the new capabilities it enables.  Sure, bitcoin is the hardest form of money that exists and the best store of value. But it is also the most practical form of digital value that we have, as it is global, interoperable and programmable. So, what other use cases does Bitcoin enable? And what are the revolutionary new capabilities that people didn’t even kno...

  • Why 2021 Will Be A Big Year For Bitcoin

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. Leaving 2020 This year has been a wild ride....

  • A Commentary On FinCEN’s Proposed KYC Requirements

    Policy Division Financial Crimes Enforcement Network P.O. Box 39 Vienna, VA 22183 FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47 January 4, 2020 Dear Sir or Madam, The proposed regulations on currency transaction reports and record-keeping seem to require that banks and money services businesses (MSBs) be able to prove that an identified counterparty to a transaction indeed owns one or more particular cryptocurrency addresses, when that counterparty uses an unhosted walle...

  • Not Your Node, Not Your Validation

    From afar, the Terracotta Army seems to exhibit homogeneous redundancy, but each soldier’s unique facial features portrays a rather diverse army. Source. Part 1: The Redundant Reminder Of Node Redundancy “It won’t succeed unless the user experience is simply better than trusted third parties, but we need to start the education process with the very basic fundamental: trusting a third-party with full access to your Bitcoin is just replacing one centralized banking system with ...

  • Proof Of Keys: A Critical Test For Bitcoin

    Proof of Keys day was initially created as a test for exchanges and other third-party custodians — a way for individuals to ensure that third parties holding bitcoin weren’t operating as a fractional reserve. Let’s face it: It’s likely that many third-party bitcoin custodians are doing just that, and Proof of Keys day is unlikely to change anything. It’s time for this Bitcoin holiday to grow beyond an adversarial test for exchanges. It’s time to evolve this day into an educational...

  • Bitcoin Will Rise Above $100,000 In 2021

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. The Bitcoin bet: heads I win, tails you lose. ...

  • Crypto Art Of Resistance: Remember, Remember The Legacy Of The Cypherpunks

    In the last months we have witnessed an upswing in the non-fungible token (NFT) art scene. More artists, collectors and curators are pushing into this promising market, which features unique and timestamped artistic creations based on blockchain technology.  Since an extended and misunderstood definition of the term “crypto art” is clearly emerging as a result of this growing interest, the series of “cryptoArt Of Resistance” articles aims to shed light on the original root...

  • Bitcoin’s 2020 In Tech

    Seemingly undisturbed by 2020’s craziness, and largely unfazed by bitcoin’s wild price swings that concluded with new all-time highs in December, Bitcoin’s technical community continues to plow ahead. Bitcoin’s software and the many projects around it were gradually improved throughout the year, as software was optimized, bugs fixed and privacy leaks patched. The bulk of this work, as vital as much of it is, doesn’t attract headlines. Yet, a bird’s-eye view on Bitcoin’s tech dev...

  • Bitcoin’s Strong 2020 Could Bring A Bumpy 2021

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. What a year. Bitcoiners began 2020 in a hope...

  • Mining, Institutional Adoption And Community Voice Defined Bitcoin’s 2020

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. It is likely that 2020 will be remembered by mo...

  • An Open Letter To FinCEN: Newly Proposed Regulations On Cryptocurrency

    Policy Division Financial Crimes Enforcement Network  P.O. Box 39 Vienna, VA 22183  FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47  December 30, 2020 To Whom it May Concern: I am Ben Davenport, an entrepreneur and investor. I previously co-founded BitGo, the first non-custodial multi-sig wallet provider, and now leading provider of custodial services for cryptocurrencies. I am also an investor in companies like Kraken, Xapo and Paxos. Today, I am a Venture ...

  • Reviewing Central Bank Policy In 2020 With Fed Watch

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast “Fed Watch” ended the year with a whirlwind review of central bank monetary policy in 2020. There are lots of pundits who talk about the results of central bank action, but never review what the central banks are actually doing. This episode of “Fed Watch” started from the data and headed toward understanding where macro is going, and finally how bitcoin fits in. In this episode, Christian Keroles and I walked through m...

  • Saving With Bitcoin Was Never So Cool As In 2020

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. In 2020, Bitcoin benefited strongly from the in...

  • Reviewing 2020’s Central Bank Policies

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. A “biblical flood of liquidity” was...

  • Interview: Developing Bitcoin With John Newbery

    Listen To This Episode: AppleSpotifyGoogleLibsynOvercast In this very special episode of the “Bitcoin Magazine Podcast,” Christian Keroles sat down with Bitcoin Core contributor John Newbery to discuss Newbery’s new Bitcoin development initiative, Brink.dev. Brink is striving to become a 501(c)(3) nonprofit in the United States enabling Americans to donate to Bitcoin development in a tax-advantaged way. Brink will be writing grants to Bitcoin projects as well as tra...

  • Demystifying Mining Data With HashrateIndex

    HashrateIndex is a site focused completely on exposing data from the mining industry. Miners are notoriously guarded about their data since every edge they can maintain has significant implications. It’s a unique product in our 21 Days of Data because it has such a specific focus. Ethan Vera and Flip talked through each section of their site, why they picked the pieces of information they did, mining in North America and a little bit of gossip, too. It was a really fun interview to ...

  • Okung’s “Pay Me In Bitcoin” Becomes A Reality With Strike

    On Tuesday, NFL Tackle Russel Okung and Strike announced a partnership that will pay a sizable portion of Okung’s $13 million NFL salary in bitcoin.  Last May, Okung lobbied his former and current NFL teams to pay him in bitcoin. After reaching out to Strike founder Jack Mallers and working with the Carolina Panthers front office, this is now a reality.  Pay me in Bitcoin.— russ (@RussellOkung) May 14, 2019 Okung told Bitcoin Magazine last September that in a me...

  • The Bitcoin Magazine FOMOmeter

    As bitcoin the asset eclipses all-time price and market cap highs, and Bitcoin the decentralized network continues to prove its value proposition as an alternative to fundamental issues within the legacy system, waves of investors are feeling the FOMO (or, “fear of missing out”).  Metrics like the price of BTC, unique addresses used or confirmed transactions per day can offer glimpses into the growth of Bitcoin FOMO on a network scale. But they don’t highlight the whales, instituti...

  • Reader Survey: Bitcoin’s 2020 And 2021

    In case you hadn’t noticed, 2020 was a bit wild. And many of the unprecedented events of the year directly impacted Bitcoin and its value proposition. A pandemic-driven wave of economic stimuli highlighted the need for a truly incorruptible store of value, potentially motivating institutional adoption of BTC. A growing authoritarian political climate alerted many to the need for pseudonymous and independent money. And the Bitcoin community itself grew stronger, with a range of companies and...

  • Bitcoin’s 2020: The Rise Of Certainty

    2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. Source In a year overflowing with chaos thro...

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