Tag: the lightning network

Sep 12 2022

Bitcoinist Book Club: “The Bitcoin Standard” (Ch. 9, Part 2, Instant Settlement)

It’s time for The Bitcoin Standard to speculate. How can bitcoin's status as a store of value and even as an international reserve currency evolve in the future? As the asset and the network prove their value as a new alternative to traditional finance, the world will look at bitcoin in a new light. How will legacy players react as they understand the...

Jul 14 2022

The FED Released A Study Of The Lightning Network. These Are Their Conclusions

Bitcoin is the FED’s new favorite subject. Fresh from the Federal Reserve Bank of St. Louis measuring inflation in BTC terms, comes the Federal Reserve Bank of Cleveland with a study titled “...

Jun 15 2022

What Did The Francophone Bitcoiners Recommend To The Central African Republic?

Remember the francophone Bitcoiners that visited the CAR a couple of weeks ago? Well, they issued a “...

May 26 2022

Stripe And Primer Go Lightning: New Bitcoin Payment Solutions Via OpenNode

The future is now. Both Stripe and Primer joined forces with OpenNode for separate payment solutions. The Stripe App will allow companies to “instantly convert any amount of...

Apr 16 2022

I Went To The 1st-Ever “Bitcoin Night” In Buenos Aires. Here’s What I Found

Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. I had been looking for a way to connect with the Buenos Aires bitcoin community. I knew they were out there, but, where? I visited “...

Apr 15 2022

To Test The Lightning Network, CNBC Sent BTC To A Ukranian In Poland. The Result?

Mainstream media, CNBC to be exact, experienced the power of Lightning. The article’s snatchy title says it all, “We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes.”...

Apr 12 2022

Bitcoin 2022 Recap, GA Day 2. Morning: Booth, Pysh, Carter, Back, van Wirdum & More

The last day of the Bitcoin 2022 conference was sort of a letdown. The big- name speakers didn’t deliver, the announcements were mild and there was no El Salvador moment. That was in the afternoon, though. In the morning, the bitcoin-famous speakers did their thing and brought forth interesting ideas and doubled down on their theories. The host was comedian and YouTuber JP Sear....

Apr 11 2022

Bitcoin 2022 Recap, GA Day 1. Afternoon: Thiel, Salinas, Keiser, Mallers & More

It’s time for another Bitcoin 2022 recap. That fateful afternoon, What Bitcoin Did’s Peter McCormack hosted. It contains the most talked-about panels and keynotes. We have the perspective of two billionaires, refugees, activists, a loudmouth journalist that may be a billionaire, and the Podcasting 2.0 pioneer. On top of that, the Jack Mallers’ announcement that could change the world....

Apr 06 2022

Taro, Issue & Send Any Asset Through Bitcoin’s Lightning Network. Do We Need It?

The Taro protocol is the first big announcement to come out of the Bitcoin 2022 conference. With “bitcoinizing the dollar” as its target and Lightning Labs behind it, the news blew up in Bitcoin-Twitter after being strategically released the night before the event of the year kicks off. Nevertheless, notice that Taro is just a proposal so far. It has a long way...

Mar 02 2022

Bitcoin Layer 3: What Is The Impervious Browser? When Can We Expect It?

The Impervious browser is upon us. The company will launch its most ambitious product at the Bitcoin 2022 conference in Miami, on April 7th. What is it, though? And, while you’re at it, what does Impervious do? Well, the company builds “tools and infrastructure for the P2P internet.” That is, without centralized intermediaries. Related Reading |...

Feb 10 2022

The BDC Revamped The Bitcoin Design Guide With A Focus On The Lightning Network

A new and improved Bitcoin Design Guide! The Bitcoin Design Community can’t stop, won’t stop. The V2 of the already phenomenal “Design Guide...

Feb 08 2022

CashApp Shocks The World, Enables Payments Through The Lightning Network

It’s official! CashApp integrated Lightning Network payments to most of their customers in the USA. The rumor has been circulating for months, but, the wait is finally over. This might prove to be monumental for the Bitcoin network. “Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin,” tweeted the company....

Nov 30 2021

From The Ground: Devastating Problems With The Chivo Wallet

During Bitcoin Week, reports of the Chivo Wallet stealing people’s Bitcoin reached a mainstream audience. Salvadorans have been dealing with the issue and reporting it to tech support for a while, without much luck. The international influencers that recently visited El Salvador have a much wider audience, and they are very confident that they know how to work the wallets....

Nov 23 2021

TALKING HEADS: Do You Consider The Lightning Network A Proof-Of-Stake System?

It’s time to find out what the protagonists have to say. In TALKING HEADS, Bitcoinist will ask the experts about the cryptoverse’s overarching themes and latest news. This time, we have an all-star cast that’s as diverse as the times we’re living in. Prepare to have your mind electrified by these talking heads’ ideas and reasoning. Related Reading |...

Nov 19 2021

Why Are Taproot Smart Contracts More Private? A Non-Technical Explanation

Our exploration of the new superpowers Taproot gives to Bitcoin continues. Yesterday, we defined smart contracts and covered the functionality of the Taproot-enabled ones. To summarize, Taproot gives new characteristics to Bitcoin layer one...

Nov 17 2021

Bitcoin Lightning Network Capacity Strikes New All-Time High: Factors

The rise of The Lightning Network is one of the most important stories of the year. On its back, El Salvador could adopt Bitcoin as legal tender. Bitcoin Beach’s implementation of The Lightning Network served as a use case that showed that it could be used to transact in the country as a whole. Since then, the network keeps growing day after day,...

Oct 18 2021

News From El Salvador, Mid October: Bitcoin Earnings, Pet Hospital, Motorcycles

Time to check back with El Salvador. Their Bitcoin experiment is well underway, and it’s already showing results. Are these results positive or negative? You be the judge of that. We’ll just present the facts, the tweets, and the photos. Can you believe everything the people we’re quoting say? Of course not. Everyone has an agenda. However, a clear picture is emerging. And...

Sep 30 2021

Fortune Publishes their Most Disgusting Bitcoin Article Yet. Here’s Why.

Just when you thought Fortune couldn’t sink any lower in their Bitcoin slander, the publication tries to relate a neutral technology to “the alt- right” and “white supremacists.” Is this what journalism has devolved into? Unfortunately, in the case of Fortune,...

Aug 21 2021

Watch Jack Mallers Send “Free, Instant, Non-Reversible” $10 To Nigeria

We might be witnessing “monetary history,” as Jack Mallers claims. The Strike CEO connected with African app Bitnob and sent $10 to Nigeria. Since Bitnob is connected to the Nigerian banking system, the money was instantly available in Naria (NGN.) It’s worth noting that Strike and Bitnob have no commercial relationship, their apps are...

Aug 07 2021

CNBC Is As Clueless About El Salvador’s Bitcoin Law As Most Mainstream Media

This analysis of the Bitcoin Law will not age well. In a recent episode of CNBC’s “Beyond The Valley” podcast, they tried to cover the risks inherent in El Salvador’s decision to make Bitcoin legal tender and failed miserably. This is a technology-focused specialized podcast. Could they be this clueless? Or did they have an agenda and tried to muddy the waters with...

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