Bitcoin

When BTC continues to half it will deincentivise people to mine it. Their rewards will drop as the price of electricity stays the same in that moment.

How will this affect BTC's usability? If less people are mining then does that mean there will be a traffic jam when people want to transact, thus significantly raising transaction fees and slowing the process? This will deincentivise people from wanting to use BTC.

At this point what else would people flock to to keep currency sovereignty?

BTC Lightning? Though this is dependent on BTC as a whole right?

Monero maybe? I don't know really anything on how that coin works.

A lot the hype around this spike is driven by the absolute state of the US Dollar right now.

If you look at BTC vs GBP it's barely cracking the ATH it achieved in February

https://www.reddit.com/r/Bitcoin/comments/1lx7oaz/this_aged_well/

Bitcoin breaks $109K for a new all time high.

https://www.msn.com/en-us/money/markets/bitcoin-hits-new-price-highs-as-crypto-industry-scores-wins/ar-AA1Fdost

@bitcoin #bitcoin

Since Bitcoin's inception in 2009, the amount of energy required to mine has always been less than the amount of Bitcoin you got for mining. But that was never going to last; there was a limit of 21 million possible Bitcoins baked into the system from the jump, and the rate of new coins mined has gotten slimmer as competition has increased, making the economics worse and worse over time.

These days, one Bitcoin trades for around $94,000, but costs about $137,000 in electricity for small-scale operations to mine, making new coins an economic liability for all but the largest players. For those whales, Gizmodo estimates the most optimal cost for mining a bitcoin at around $82,000 — slim margins which are shrinking fast.

Right now, the top 8 percent of crypto wallets own a little under 99 percent of all Bitcoin in circulation. Zooming in even farther, we see that the top 1 percent of crypto wallets control over 90 percent — so much for all that decentralization that Bitcoin was supposed to represent.

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.

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.

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.