Bitcoin

https://www.barrons.com/articles/microstrategy-stock-price-bitcoin-coinbase-770d8cf8

Oh no. Mstr and Bitcoin are both dead, again.

@bitcoin

#bitcoin

A comprehensive guide on how to set up a highly available LND cluster with floating IP address, including benchmarks for various combinations of storage backends, and scripts to automatically set up most of the environment.

cross-posted from: https://lemmy.ml/post/24975827

Do you think a corporation would do anything to get an extra 1% return on their next quarterly report? Would they do things that hurt them in the long-term just so this quarter looked good? Make their products worse for a quick buck? Fuck over their long-term employees they spent years training? Skimp on quality and safety? Yes. They absolutely would. Corporations pay 3-5% on credit card fees and wait weeks for settlement. Lightning is <1% and it's instant. It's that simple. That's why Bitcoin lightning is going to win in the long run.

It's the same reason the food cart down the street takes venmo: because, at one time, venmo was free, which made it cheaper than credit cards. It's not free now though, because it couldn't be sustainably free, because nothing is free, and because venmo has every incentive to suck every dollar of profit out of those transactions it can. They have a captive audience. Lightning doesn't work that way. Liquidity providers, nodes, etc they all have to compete for your payment, so over time, fees get lower, not higher. Venmo isn't growing in adoption any more among merchants, lightning is.

The savings on fees is so significant that merchants can offer a discount to customers equivalent to the customer's normal credit card cash back and the merchant can still save money compared to credit cards. Last time Bitcoin got real hyped and lots of merchant adoption, fees and transaction confirmation times became a limiting factor. That factor is gone now. Cash App, in the US, has 25% market penetration. That's a lightning wallet. When customers realize they can get a 3% discount everywhere just by using it? Game over for credit cards.

If you haven't tried lightning, it's awesome. Instant confirmation, fees <1%, and very decentralized. There were some growing pains, but it's pretty robust now, I use it on a daily basis. It's where the majority of Bitcoin transactions occur, and nostr users alone are using it to send millions of transactions a month.

Anyone activate this yet? Is this a River only feature or a broader feature?

cross-posted from: https://lemmy.ml/post/24839313

Looked around and saw this didn't exist it, so I made it. If you need to report your Zeus transactions to Koinly for tax purposes, this script will convert Zeus's export format into something Koinly can use.

I've been using Zeus as a daily driver for months, solid wallet, quick transaction confirmations, handles on-chain and lightning, really a winner all around. I like that it can give you a lightning address too!

https://github.com/makeasnek/Zeus2Koinly/

Stack sats, stay humble. Onwards

Michael Saylor, co-founder and chairman of business intelligence firm MicroStrategy, has unveiled a comprehensive crypto framework aimed at further integrating Bitcoin and other digital assets into the US economy.

https://www.michael.com/digital-assets-framework

Once widely derided as a speculative asset with no intrinsic value, Bitcoin is being taken increasingly seriously by governments, financial institutions and investors alike.

A computer scientist has been found to have committed contempt of court for falsely and persistently claiming to be the mysterious inventor of Bitcoin, Satoshi Nakamoto.

In March, the High Court ruled Craig Wright was not Satoshi, and ordered him to stop claiming he was.

However, he continued to launch legal cases asserting he had intellectual property rights to Bitcoin, including a claim he was owed $1.2 trillion (£911 billion).

A judge said that amounted to a "flagrant breach" of the original court order and sentenced him to 12 months in prison, suspended for two years.

Good article that goes into detail how hackers accomplished social engineering that lead to multimillion dollar Bitcoin hack.

Does anyone have experience with Proton Wallet yet? What are the pros and considered you've seen? What's your use case for storing bitcoin there?

This Week in Bitcoin is a very informative podcast on the latest news impacting bitcoin. Check it out!

Boom!

Price of Bitcoin just broke Eighty Thousand US Dollars at Kraken, a new all time high.

The most notable changes:

• bitcoind used to listen on 127.0.0.1:8334 by default. If you use Tor for incoming connections, you have to manually specify bind=127.0.0.1:8334=onion in config
• unix sockets can now be used to communicate with Tor or other proxy, and MQ traffic.
• New mempool policies has been implemented to patch some attack vectors for chains of unconfirmed transactions, especially in relation to lightning network channels and similar contracts.
• TRUC (Topologically Restricted Until Confirmation, BIP 431) can now be used with transaction version 3 (now considered standard) instead of RBF.
• Full RBF (Replace By Fee) is now enabled by default
• RHEL 8 and Ubuntu 18.04 are now unsupported due to minimum required glibc version bump.

The bill, known as the Digital Assets Authorization Act, was passed by a 176-26 vote.

The legislation offers regulatory clarity at a time when federal regulations on digital assets are scant. While former president Donald Trump has promised to transform the United States into the "crypto capital of the planet," his vision is short on details.

MARA's process captures gas that would have been flared, generating carbon credits

zkSNACKs, the developer of Wasabi wallet, has shut down its coinjoin coordinator since June. The news is not surprising, considering that it has already been unavailable for the US customers since May.

Since the wallet itself is non-custodial (you hold the keys), and it's using block filters to update your balance directly from the bitcoin network, the wallet functionality is intact. However, if you want to coinjoin, you have to find another public coordinator.

A list of currently active coordinators is available on wabisator.com, or wasabist.io

Coordinators do not require any privileged access to private information, so it should be safe to use any 3rd party coordinator with enough real active users. At no point are your funds at risk of being stolen.

However, a dedicated attacker running a public coordinator could still pull a de-anonymization attack by mixing your coins solely with their own outputs.

A great way to help humans in need, and a great example of a use case for bitcoin.

cross-posted from: https://lemm.ee/post/38808464

Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)

35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that