Reading · Bitcoin Briefly

Not actually… but what if ?

Anyways, here’s your weekly reminder of (1) how small a $200b market cap is, (2) the value of soft money (ie. toilet paper), and (3) the power of the Fed’s printing press - they’re not even a part of the federal government! I guess this kind of behavior is to be expected when storing your wealth in the shitcoin, the USD.

Melik Manukyan ⚡️⚡️⚡️⚡️⚡️@melikmanukyan

It took Bitcoin roughly a decade to reach 200B USD. It took the US Federal Reserve less than 72 hours to print 200B USD.

11:06 PM · Sep 19, 2019

127 Reposts · 538 Likes

(1) Carl Dong (Chaincode) announced the GoodFirstIssues bot, for developers who are interested in beginning to contribute to Bitcoin Core.

(2) Pieter Wuille (Blockstream) published some example policies in his policy-to-Miniscript compiler.

(3) Bitcoin Optech #64 highlights Bitcoin Edge Dev++ talks, Scaling Bitcoin’s TxProbe, and other notable changes to Bitcoin Core, LND, and more.

(1) Chaincode open-sourced their Lightning Curriculum. If you haven’t already, I highly recommend going through their Bitcoin Curriculum and Study Groups.

Justin Moon@_JustinMoon_

Let's make a Bitcoin jobs thread for September

9:58 PM · Sep 17, 2019

101 Reposts · 349 Likes

Hardware

(1) Learn how to run a Samourai Dojo on a Raspberry Pi.

(2) Learn how to connect your Casa Node to your Wasabi Wallet.

Finance

(3) VanEck + SolidX, who recently launched their Grayscale-like trust for institutions, withdrew their ETF proposal. Keep scrolling for more ETF news…

(4) Derivatives marketplace CME Group will launch bitcoin options contracts in Q1 2020.

(5) Cryptocurrency exchanges hold nearly 5% of the entire crypto market cap. Not your keys, not your coins.

(6) Genesis Global Trading (crypto OTC) acquires Qu Capital, a New York-based quantitative trading and research firm, to strengthen its trading technology including improved order routing and advanced execution tools.

(7) Binance launched a ton of products this week, including more lending products (including BTC at 3% APR), its US Exchange, and its Futures platform.

(8) “What if you could go from fiat in your bank account to non-custodial Lightning payments in seconds? What does onboarding the masses look like?”

Jack Mallers (Zap) announces Olympus: Lightning-enabled fiat ramps by Zap. Listen to the podcast for more details, read more on how it works, and sign up for the beta.

Jack Mallers@JackMallers

Here is the screen recorded view from my iPhone ⚡️⚡️⚡️

5:11 PM · Sep 19, 2019

47 Reposts · 345 Likes

(9) Additionally, Sparkswap announced their desktop application where users can sell USD for Lightning BTC:

Sparkswap@sparkswap

We're thrilled to announce Sparkswap Desktop: a new app to buy Bitcoin directly to your Lightning wallet! medium.com/sparkswap/spar…

1:24 PM · Sep 16, 2019

57 Reposts · 238 Likes

Merchants

(10) Having partnered with local payments company ECPAY, Abra will enable cash to crypto outlets at all Philippines 7-Eleven’s.

(11) BTCPay Server just announced their foundation and received their first grant from Square Crypto.

Square Crypto@sqcrypto

We’re giving a bunch of money to @BtcpayServer, a product that appears to be in direct competition with our mothership. It isn’t. Here’s why. #BH2019 #BalticHoneyBadger2019

3:21 PM · Sep 14, 2019

350 Reposts · 1.56K Likes

(12) Tor now accepts Bitcoin donations via BTCPay Server.

(13) Anyone else reminded of the Wikileaks payments freeze in 2010?

Edward Snowden@Snowden

Yesterday, the government sued the publisher of #PermanentRecord for—not kidding—printing it without giving the CIA and NSA a change to erase details of their classified crimes from the manuscript. Today, it is the best-selling book in the world:

static.macmillan.com

Permanent Record by Edward Snowden

3:37 PM · Sep 18, 2019

833 Reposts · 2.44K Likes

Glenn Greenwald@ggreenwald

After the DOJ announced its repressive lawsuit to seize the proceeds of Snowden's book (good luck with that!), the book propelled its ways onto the Top 10 Best-Seller List on Amazon. amazon.com/gp/bestsellers… Knowing @Snowden as I do, I'm certain he's duly appreciative

Ewen MacAskill @ewenmacaskill

Huge mistake by US govt in filing civil lawsuit against Snowden over publication of memoir. UK ban of Spycatcher 50 years ago created huge demand. https://t.co/6RTVa8NiNq

10:39 PM · Sep 17, 2019

371 Reposts · 1.04K Likes

Edward Snowden@Snowden

in conclusion this is good for bitcoin

10:37 PM · Sep 17, 2019

2.55K Reposts · 10.5K Likes

Jameson Lopp@lopp

Hey @Snowden now might be a good time to spool up @BtcpayServer and @openbazaar instances to start selling your book directly for @Bitcoin.

npr.org

Justice Department Sues Edward Snowden, Seeking Profits From His Book

6:46 PM · Sep 17, 2019

199 Reposts · 1.15K Likes

Other

(14) Valentine Wallace (Lightning Labs), Jeffrey Czyz (Google), and Arik Sosman (Libra) will be joining Matt Corallo and Steve Lee at Square Crypto to contribute to the free open-source bitcoin developer base. Square Crypto is looking to hire a senior designer and requesting input from the community on what their first product should be.

(15) Electrum merged multisig support for their Coldcard plugin; power users rejoice.

(1) Fiat Market Cap

Bitcoin ranks #35 compared to all fiat currencies, placed between the New Zealand Dollar (NZD) and the Colombian Peso (COP).

(2) Government Debt Clock

Global: $59.690 T
US: $22.578 T

(3) Crypto Market Cap Dominance: Bitcoin represents 71.15% of the total crypto market cap (changed the source to Messari from Coinmarketcap)

(4) Approximating Bitcoin Security: Hash Rate + Difficulty

The two metrics keep hitting ATHs, now at ~91.68 EH/s and ~11.89 T respectively, according to BTC.com.
Matteo Leibowitz recommends the Fee Ratio Multiple when evaluating a blockchain network’s security

CoinMetrics.io@coinmetrics

🔔 BTC's hash rate hit a new all-time high yesterday, reaching over 102 exahashes and passing the 100 exahash milestone!Z

8:06 PM · Sep 19, 2019

70 Reposts · 191 Likes

(5) Supply + Halvening News

~237 days until the next halvening, where the issuance rate of new bitcoins will decrease from 12.5 to 6.25 bitcoins per new block mined. Bitcoin inflation will decrease to 1.8%, rivaling the US inflation rate.
We’ve mined >85% of the 21,000,000 bitcoins that will ever exist, in the past ~10 years. To mine the remaining 15% will take ~120 years.

(6) Google Search Trends

(7) SegWit usage (Bitcoin’s biggest protocol upgrade back in Q3 of 2017) broke 50% of Bitcoin payments this week.

Rhythm@Rhythmtrader

SegWit usage just broke 50% for the first time. Huge! 🔥A

11:21 AM · Sep 16, 2019

70 Reposts · 256 Likes

(1) Baltic Honeybadger 2019 Day 1 Livestream

01:09:52 Opening words | Max Keidun & Roman Snitko
1:14:18 PANEL • Unpopular opinions in Bitcoin | Eric Voskuil, Oleg Andreev, Jimmy Song, Samson Mow. HOST: WhalePanda
1:47:36 All cryptography is bad and you should feel sad | Oleg Andreev
2:10:43 How Bitcoin Changes Incentives | Jimmy Song
2:50:01 Strange Theories of Money and Credit | Eric Voskuil
3:44:21 Bitcoin as Base Money | Matthew Mežinskis
4:29:10 Opening up | Roman Snitko
4:46:50 1on1 • OTC trading | Max Keidun & Yuri de Gaia. HOST: Fernando Ulricht
5:17:02 PANEL • Physical security in Bitcoin | Florian Maier, Rigel Walshe, Jameson Lopp, Rodolfo Novak. HOST: Peter McCormack
6:35:48 Designing a Hardware Wallet | Rodolfo Novak
7:07:20 Privacy Visions | Ádám Ficsór
7:29:42 A Story of Music on the Silk Road | Tatiana Moroz
8:04:13 50 Positive Catalysts on Bitcoin's Horizon | Murad Mahmudov
8:43:38 1on1 • Payment processing | Nicolas Dorier, Rui Gomes. HOST: Roman Snitko
9:17:30 Lessons from the Trenches: using Bitcoin & Lightning in commerce | Sergej Kotliar
9:37:02 CLOSING PANEL | Oleg Andreev, Eric Voskuil, Peter Todd, Eric Lombrozo, Samson Mow.

(2) Baltic Honeybadger 2019 Day 2 Livestream

18:22 Opening words | Giacomo Zucco
32:45 13 Threats to Your Bitcoin | Jeremy Welch
58:30 PANEL • P2P exchanges | Roman Snitko, Ray Youssef, Bernard Labno, Jonathan Leong. HOST: Ambroid
1:30:36 Bitcoin as a benchmark | Michiel Lescrauwaet
1:45:26 Open-source upgrade to the BTC mining stack | Jan Čapek
2:00:46 PANEL • REKT: how to survive the bear market | WhalePanda, Ambroid, Tone Vays, Florian Maier. HOST: Matt Odell
2:53:00 Bitcoin as a practical tool for individual freedom | Rigel Walshe
3:18:10 LNP/BP Macroeconomic Data, Theories, and Intuitions | Pierre Rochard
3:52:48 PANEL • Wallets | Ádám Ficsór, Konstantin Gladych, Rodolfo Novak HOST: Alena Vranova
4:30:22 Running bitcoin in production environments | Ketominer
4:46:26 The Information Theory of Money | Dan Held
5:44:27 How to really kill bitcoin | Saifedean Ammous
6:19:22 PANEL • Education in Bitcoin | Sam Wouters, Pavel Kravchenko, Jimmy Song HOST: Stacey Herbert
6:53:43 Lowering Chain Fees and Improving Privacy with HyperLoop | Alex Bosworth
7:13:38 Yellow Rock Bad, Orange Coin Good: Environmental & Social Impacts of Gold & Bitcoin | Hass McCook
7:32:35 PANEL • Lightning Network | Samson Mow, Alex Bosworth, Max Keidun, Alex Petrov. HOST: Stephan Livera
8:13:17 Scalable computing in LNP/BP: Prometheus protocol | Maxim Orlovsky
8:32:42 1on1 • Reflecting on scaling, 5 years on | Adam Back, Giacomo Zucco. HOST: Alexandra Moxin
8:58:45 CLOSING PANEL | Tone Vays, Saifedean Ammous, Pierre Rochard, Francis Pouliot HOST: Max Keiser