Video: Printing Is The Plague, Bitcoin Is The Cure

In this episode of the Bitcoin Magazine Podcast, CK sits with Thib Maréchal to discuss the history of money printing and how Bitcoin offers humanity a solution to this great plague. Thib, who works at Bitcoin custody provider Knox, expands on his recent article for Bitcoin Magazine on seigniorage, the long history of money printing and the importance of Plan B. “In this brief essay, we will try to dissect the fundamentally flawed nature of alternative digital currencies, observe bitcoin as a pragmatic monetary evolution in contrast to shitcoinery’s ‘technology…

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Remembering Room77, Bitcoin’s Favorite Bar

Amid the seemingly nonstop flow of wild events in 2020, including the COVID-19 pandemic, the start of the next bitcoin bull run and copycat bacon cheeseburger token scams (more on that later), the legendary Room77 has now officially closed for good. The Room77 was the first brick-and-mortar business to accept bitcoin. You could pay for your drinks, burgers and for a slightly overpriced hot chocolate (more on that later, too).  I would visit the “Room” several times a year while visiting Berlin and have probably paid for some — now…

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Video: Wasabi, Crypto Anarchy And Freedom W/ Max Hillebrand

Listen to the episode here: Apple Spotify Google Libsyn Overcast For this episode of the Bitcoin Magazine Podcast, host CK sits down with Max Hillebrand (@HillebrandMax), a prolific Bitcoin education and member of the Bitcoin privacy research group zkSNACKs. The pair dive into updates on Wasabi Wallet (ZKSnacks’ primary product) and discuss higher-level introductions to topics that are essential for all Bitcoiners and advocates of liberty. Specific topics discussed include: Wasabi Wallet, Bitcoin mixing updates Chaincase creating a mobile client for Wasabi CoinJoins Explaining crypto anarchy Explaining property rights Discussing…

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How Bitcoin Mixers Help Protect Privacy

This is a promoted article provided by bitcoinmix.org. Bitcoin mixers are services that mix BTC from different sources to obscure their transaction history. Using these services, Bitcoiners can protect their privacy and keep prying eyes from assessing the history of their funds or other information about them. Bitcoin addresses are pseudonymous, and don’t inherently reveal the specific real-world identity of their owners, but they can be traced back to exchanges or other points at which an owner may have revealed their real-world identity. Blockchain analysis techniques are capable of deriving…

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Bitcoin Is A Mature Asset

Bitcoiners have to endure a lot of criticism from those who are still skeptical of the digital asset. A lot of the time, this skepticism comes from misunderstandings about the true nature of what the network is capable of. Headlines like “Bitcoin Was Hacked,” “Bitcoin Is Used By Criminals,” and “Bitcoin Is Bad For The Environment” are examples of the common misunderstandings that Bitcoiners have to disprove to their colleagues, friends and family whenever the topic comes up.  One such argument that may be difficult to counter is the fact…

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Video: Sync Bitcoin Faster! Assume UTXO

On this episode of The Van Wirdum Sjorsnado, Aaron and Sjors discuss “Assume UTXO,” a proposal and project by Chaincode Labs alumnus James O’Beirne. One of the biggest, if not the biggest, bottlenecks for scaling Bitcoin is initial block download: the time it takes for a Bitcoin node to synchronize with the Bitcoin network, as it needs to process all historic transactions and blocks in order to construct the latest UTXO-set: the current state of bitcoin-ownership. Aaron and Sjors explain some of the ways sync-time has been sped up over…

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As Corporations Build Bitcoin Treasuries, We All Win

The last three months in Bitcoin have been marked by large corporate entities transitioning significant portions of their treasury holdings into bitcoin. In August, software intelligence company MicroStrategy announced that it purchased 0.1 percent of the total BTC supply (its CEO Michael Saylor has since gone full maxi, and become a bit of a celebrity in the space). Major payments company Square, which has been offering BTC exposure to users of its mobile payments platform for some time, allocated $50 million of its assets to bitcoin in early October. And…

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PayPal Brings Users To Bitcoin, But Not The Bitcoin Network

News broke on the morning of October 21 2020, that PayPal would grant its users the ability to purchase, sell and hold bitcoin within its app. PayPal’s stock price rose 4.65 percent on the news, and the bitcoin price continued its rise from $11,400 to $12,700 by midday. There is no denying that PayPal is a monster in the mobile and digital payment processing space. Since the lockdowns stemming from the spread of COVID-19, consumers and businesses are transacting with cash less often, and more often paying for goods with…

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Nigerian Aid Group Finds Sovereign Lifeline In Bitcoin

This article also appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! Since mid-October, protestors across Nigeria have been demonstrating daily to bring attention to claims that a police unit known as the Special Anti-Robbery Squad (SARS) is taking part in kidnapping, extortion and other violent and unlawful actions. Though the country’s inspector general announced that SARS would be disbanded on October 11, protests have continued, with participants calling for additional police oversight. Yesterday, international…

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Franklin Templeton Join Series A For Institutional Bitcoin Custody Provider Curv

Curv, an institutional crypto asset custody provider, today announced that global investment firm Franklin Templeton and fintech-focused venture capital firm Illuminante Financial Management have joined its Series A funding round — which already included CommerzVentures, Coinbase, Digital Currency Group, Team8 and Digital Garage. “Curv is driving traditional institutional and crypto native demand for digital assets through multi-party computation (MPC) security technology, a critical requirement to safely transfer, store and manage any digital asset on any blockchain or DLT,” according to a press release shared with Bitcoin Magazine. “Their solution is…

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