Greetings Bitcoiner,

Welcome to Issue #340 of the daily Bitcoin Breakdown, where we have some excellent Opinion & Analysis pieces and Tools & Projects for you today!

But first, today’s Top Stories:

• 🛡️ DeFi Coalition Unites 100+ Signatories to Shield Developers

• 🇭🇰 Hong Kong Officials Duck Eric Trump Bitcoin Conference

• 🎯 25% of Brits Eye Bitcoin for Retirement Gold

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Aug 28, 2025

TODAY’S TOP STORIES

🛡️ DeFi Coalition Unites 100+ Signatories to Shield Developers

The DeFi Education Fund has assembled the largest crypto industry coalition in American history, with over 100 signatories, including the Bitcoin Policy Institute, demanding Senate protection for non-custodial developers in market structure legislation. The coalition warns it cannot support bills without robust safeguards preventing developers from being classified as money transmitters. With open-source Bitcoin and crypto development in the US dropping from 25% to just 18% since 2021, the industry warns that regulatory overreach would stifle innovation and drive development overseas. The Rage

🇭🇰 Hong Kong Officials Duck Eric Trump Bitcoin Conference

Senior Hong Kong officials and lawmakers quietly withdrew from Bitcoin Asia 2025 this week after receiving 'advice' to avoid appearing alongside Eric Trump. The Securities and Futures Commission's executive director and legislator Johnny Ng were removed from speaker lists, with sources confirming requests to maintain distance from the US president's son. Analysts suggest the move aims to prevent any impression of cooperating with or flattering Donald Trump amid intensifying China-US tensions. South China Morning Post

🎯 Quarter of Brits Eye Bitcoin for Retirement Gold

Over 25% of UK adults are considering Bitcoin or crypto for retirement, with nearly a quarter willing to withdraw existing pension funds to invest in digital assets, according to a new survey. Young adults aged 25 to 34 lead this trend, with one in five already pulling pension money for Bitcoin or crypto investments. Despite enthusiasm for higher returns, Britons remain cautious about security threats, regulatory gaps, and volatility concerns. Atlas21

POLL #340

PREVIOUS POLL RESULTS

OPINION & ANALYSIS

• Giacomo Zucco, Director of the Plan B Network, analyzes the escalating mempool policy debate within Bitcoin Core, arguing that recent spam filtering changes are driven more by ego struggles and social dynamics than technical considerations, while criticizing the poor GitHub repo management that has excluded dissenting voices from the development process (Aug 27 | 3 min read).

• Alby introduces n8n NWC, enabling developers to build bitcoin-powered workflows by connecting Lightning wallets to n8n's open-source, self-hosting automation platform, offering seamless payment automation, invoicing, and subscription possibilities through the visual no-code tool that integrate with over 1,000 applications (Aug 27 | 2 min read).

• Christian Keroles, aka CK, Director of Financial Freedom at the Human Rights Foundation, argues that the Lightning Network functions as enterprise-grade infrastructure rather than consumer-facing technology, explaining why custodial solutions and professional operators are necessary features that enable global Bitcoin payments and financial innovation (Aug 27 | 8 min read).

• Hermann Vivier, co-founder of Bitcoin Ekasi, draws compelling parallels between Bitcoin's decentralized protocol and Narcotics Anonymous's spiritual network, arguing both offer structured solutions to systemic addictions through permissionless access, consensus-driven governance, and timeless principles that transcend human interpretation (Aug 27 | 3 min read).

• Localhost, a Bitcoin development organization, details three months of extensive contributions to Bitcoin Core including legacy wallet removal, mempool policy discussions, BIP editing work, and plans to reboot the FIBRE network for improved mining decentralization (Aug 27 | 13 min read).

• Gabriel Kurman and Ivan Kaleja, in an excerpt from their book 'Bitcoin Circular Economies', chronicles how El Zonte, El Salvador evolved from a violence-plagued fishing village with 103 homicides per 100,000 residents into the world's first Bitcoin circular economy through grassroots community development and innovative leadership (Aug 26 | 5 min read).

• L0La L33Tz of The Rage argues that despite Trump's 'Bitcoin President' promises, his administration creates a hostile environment for developers through continued prosecutions of noncustodial software creators and expanded surveillance regulations under the PATRIOT Act (Aug 26 | 5 min read).

• Supratic, a Bitcoin educator, compares open source Progressive Web App (PWA) Lightning Network wallets to help users make informed decisions about Lightning addresses, highlighting features like self-hosting capabilities, custodial options, and ecash support across 10 different platforms (Aug 26 | 2 min read).

• PlebOne, a Nostr advocate and web developer, argues that NIP-07 represents the future of web authentication by enabling cryptographic login through browser extensions, eliminating passwords and centralized identity providers while maintaining local-first privacy and cross-site compatibility (Aug 26 | 4 min read).

• ICYMI: Allen Farrington, author of 'Bitcoin is Venice', argues that AI and 'vibe coding' represent capital accumulation tools rather than job destroyers, drawing parallels to the Industrial Revolution to demonstrate how technology leverages human labor instead of replacing it (Aug 15 | 15 min read).

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TOOLS & PROJECTS

• New on Geyser: Sats4Art channels Bitcoin's emotional arc into art, fostering hope, freedom, and resilience through 30 artists learning immutability and low time preference, set to showcase Bitcoin-inspired creations on October 4th in Kenya.

• New on Geyser: Smart Coin Thailand, a Bitcoin Lightning ATM project, empowers adoption by creating practical tools for enabling real Bitcoin payments and inspiring new Bitcoin users across Thailand.

• Relai, a Swiss Bitcoin exchange, sunsets Lightning payments and subsequently faces massive ridicule on 𝕏 from the Bitcoin community.

• Damus, a popular Nostr client, launches on Android with a fast and responsive UI, built-in AI assistant and Nostr Wallet Connect integration for Lightning payments.

• Bitcoin Prediction Tracker by Matt Odell is an application built on the Nostr protocol to track and rank Bitcoin price predictions.

• Eric Voskuil, a libbitcoin developer, announces functionally complete blocks-only libbitcoin node that can sync 900k blocks in under one hour on $350 hardware with 2.3Gbps internet, shifting focus to RPC compatibility through libbitcoin-server.

• Misty-breez announces a pre-release of version 0.2.0 featuring amountless BTC payments, BOLT12 payer notes support, and various bug fixes for enhanced payment functionality.

• Bitcoin Calendar releases an update featuring Android PWA support, event zapping functionality, invoice generation, and performance improvements for enhanced user experience.

• Specter Association launches with new leadership under President Schnuartz, uniting nine Bitcoin enthusiasts to advance Specter DIY and Desktop hardware wallet solutions after Swan Bitcoin transferred the project to the new foundation.

• Cashu development team releases cdk and mintd Version 0.12.0, delivering BOLT12 payment support, BIP-353 address resolution, and integrated Lightning backend functionality for streamlined bitcoin transactions.

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