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  • This Week's 🏆 Feature Stories & 🛠️ Tool Updates (Issue #79)

This Week's 🏆 Feature Stories & 🛠️ Tool Updates (Issue #79)

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TBW

Greetings Bitcoiner,

Welcome to issue #79 of the Bitcoin Breakdown, where we know that Bitcoin’s existence will change the course of humanity, and that we are currently in the early days of its impact lifecycle.

Quote of the week:

“Bitcoin is like early electricity. Raw, dangerous, seems very volatile and hard to use. With time it'll start to feel safer, easier and normal. Like electricity it will inspire and power new unimaginable industries. And one day we’ll wonder how did we live without it?"

ObiWan KenoBit

Happy readings! 👽️ 

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🏆 FEATURE STORIES

  • Shinobi argues that the Bitcoin ecosystem's inherent conservatism, while important for maintaining security and stability, has led to a stifling environment where meaningful dialogue about potential improvements is often shut down (May 14 | 9 min read).

  • Dollar Parity publishes an article explaining BitVMX, an advanced virtual CPU designed for the Bitcoin ecosystem building upon BitVM by leveraging RISC-V architecture to enhance Bitcoin's scripting capabilities (May 18 | 5 min read).

  • Athena Alpha publishes an in-depth exploration of chain analysis, detailing how chain analysis firms operate, and offering advice on protecting oneself from their surveillance tactics through various privacy-enhancing measures (May 20 | 8 min read).

  • Rearden, a Bitcoin engineer, discusses the potential of re-enabling the OP_CAT opcode in Bitcoin's scripting language and the risks involved with this move (May 18 | 8 min read).

  • Jimmy Song releases an excerpt from his book 'Fiat Ruins Everything' discussing how fiat currency and entitlement programs have morphed the marriage institution into a hollow facsimile of what it was meant to embody (May 14 | 9 min read).

  • Iain Davis, an independent investigative journalist, deconstructs the claims from detractors that Bitcoin is a Ponzi scheme and argues instead that the largest Ponzi scheme in history is the fiat currency complex (May 16 | 38 min read).

  • TheCommoner, a property manager posting on Stacker News, nudges tenants to pay rent in Bitcoin by splitting the exchange rate appreciation at a future date (May 17 | 4 min read).

  • Steve Barbour, the CEO of Upstream Data, discusses the vulnerability of financialized Bitcoin mining pools, particularly those employing Full Pay-Per-Share (FPPS) reward systems, to block withholding attacks, highlighting the financial incentives for attackers and proposing ways to mitigate these risks (May 17 | 9 min read).

  • Giovanni Santostasi a physicist, neuroscientist, financial analyst, discusses how Bitcoin operates under principles similar to natural phenomena governed by universal power laws (May 12 | 23 min read).

  • Andre Dragosch, the head of research at ETC Group, discusses the implications of recent macroeconomic developments, particularly the increase in US money supply growth and its potential impact on Bitcoin (May 17 | 5 min read).

  • Janusz, a researcher and current maintainer of Bitcoinlayers.org, critiques the current wave of projects claiming to be Bitcoin Layer 2 solutions, arguing that they are actually centralized sidechains using Bitcoin only for marketing purposescrowd (May 20 | 5 min read).

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ANOTHER NEWSLETTER TO CHECK OUT*

Sponsored
Bitcoin MinimalistA Bitcoin-only newsletter featuring news and analysis for Bitcoin maximalists.

*You can find more here.

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🛠️ TOOLS & PROJECTS

  • Bull Bitcoin releases a MIT-licensed FOSS wallet at the Canadian Bitcoin Conference that allows users to move funds between Lightning and Liquid without a trusted third party.

  • Bitcoin Policy Institute launches a fund to defend non-custodial tools from regulatory threats, its first project being to defend Samourai wallet founders.

  • Bitcoin FilmFest launches a video contest documenting how you spend sats with the Lightning Network, with up to $1500 in prizes.

  • Geyser introduces Goals, a feature to motivate and inspire others to donate by showing what happens when a certain threshold is reached.

  • Bitcoin for PEACE is a consulting network project aimed at advancing world peace through Bitcoin adoption, and it's currently open for applications.

  • Silentium is a free and open-source, experimental, and privacy-friendly light wallet for sending and receiving Silent Payments with Silentiumd.

  • Silent Payments is a website by Seth For Privacy with all the info you need to know about silent payments and its adoption.

  • Strike enables automatic Bitcoin purchases using deposits for customers in Europe.

  • Utreexod, a full node implementation with Utreexo accumulator support, is now available for general testing by the public.

  • Twentyone.world is a network of open communities that provide localized, high-quality, bitcoin-only content.

  • BitEscrow launches new website and a comprehensive suite of developer tools for integrating non-custodial bitcoin escrow.

  • Nodana enables you to run a phoenixd Lightning node in the cloud with no registration, personal details or credit cards required.

  • CASCDAR is a platform enabling paid lightning microservices on Nostr.

  • Bitcoin Explorama, a project making Bitcoin understandable through game-like interactions, launches a Geyser campaign.

  • BitFables, an audiodrama series with dystopian stories surrounding Bitcoin by voice actor, Valentin, launches a Geyser page.

  • Floodrs, a Bitcoin donation campaign to aid victims of floods in Rio Grande do Sul launches a Geyser page.

  • Smart Child Kenya, an initiative helping to build a home for young women in distressed domestic situations in Kenya, launches a Geyser page.

  • Bitcoin Pub Company, a project aiming to revive the Great British Pub, launches a Geyser page.

  • Ordermoon, a circular economy for restaurants, delivery drivers and customers launches a Geyser page.

  • Bitcoin FIRE calculator is a tool designed to demonstrate how you can achieve financial independence and potentially retire early using Bitcoin holdings as part of your investment strategy.

  • Roboauto is a robosats command-line interface.

  • Start9 now supports FreeGPT-2 llama3 and many llama3-based models, additional languages support, and an improved admin panel.

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💥 MEME BREAK

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AFFILIATES & REFERRALS

  • MaxAI.me turns every click into AI magic by enabling customized 1-click prompts, instantly summarizing articles, crafting emails, searching the web with AI, and more.

  • Start9 empowers you to run your own Bitcoin node while also joining the sovereign computing paradigm, where concerns over privacy, censorship, hacks, and fees practically disappear—get a 5% discount by using the code: BITCOINBREAKDOWN.

  • Blockstream Jade is the best hardware wallet for you to take self-custody with—enjoy a 10% discount off of with code: BITCOINBREAKDOWN.

  • Orange Pill App enables you to connect with Bitcoiners and Bitcoin merchants wherever you live and travel.

  • BITCOIN WELL is the fastest and easiest way to secure Bitcoin in self custody, offering non-KYC sells and bill payments with a transparent 1% spread, no hidden or withdrawal fees.

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Until our next transmission,

Naiw

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