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LayerEdge LayerEdge Closed 🛠️ Testnet - 🗓️3 days remaining. Easy to keep in the background and earn points 👇 🌐 1⃣Connect EVM wallet (MM or Keplr) 2⃣Use code: NgAMgDAG 3⃣Click "Start Node" - You may need to try a few times, but on a 3rd-4th try it launches for...

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Grey Ledger

142,460 subscribers

17,675 просмотров • 1 год назад •via X (Twitter)

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Комментарии: 11

Фото профиля CryptoFigure
CryptoFigure1 год назад

@layeredge Lag lắm

Фото профиля DotsamaNFT - Marketplace
DotsamaNFT - Marketplace1 год назад

💸 Earn Passive Income with Dotsama Badges! 💸 Hold a Dotsama Badge to get a share of 50% of marketplace revenue! Stake, earn, and grow alongside us. 🚀(Minting Soon) Want a free @Astarllama NFT? Follow, repost, and drop your 0x wallet below for an airdrop! 🪂 #NFT $ASTR $GLMR

Фото профиля Nk
Nk1 год назад

@layeredge Great explanation! Here is a Short & Easy guide 👇

Фото профиля DM
DM1 год назад

@layeredge Try with this if you have problems connecting FBqEaceK ,else the one in the post works fine for me

Фото профиля 10 ⨻
10 ⨻1 год назад

@layeredge Thanks for the reminder

Фото профиля Adeyemi
Adeyemi1 год назад

@layeredge Code: x9f25AAm

Фото профиля Brtxz(Ø,G)
Brtxz(Ø,G)1 год назад

@layeredge use also my referral MALt2zgH

Фото профиля ♦️ileajetutu.lens
♦️ileajetutu.lens1 год назад

@layeredge Wow! At least add a disclaimer about the negative repercussions of running a node on your everyday use device! Things might get reaaaaal slow!

Фото профиля Kartik
Kartik1 год назад

@layeredge My code : h1JZQoxE (fresh one)

Фото профиля officialM.k CLONE CLONE
officialM.k CLONE CLONE1 год назад

@layeredge My code : 8PEkaEVu

Фото профиля toori
toori1 год назад

@layeredge code: XegYrMGJ

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Core, ‌the Bitcoin-first ‌chain, and how it’s trying to stretch BTC’s usefulness Core DAO (Core DAO 🔶) brands itself as “The Bitcoin Everything Chain.” The pitch is simple: take Bitcoin’s strengths and push them beyond the usual buy-and-hold story. The protocol centers on one main idea: BTC shouldn’t sit still. Core wants idle Bitcoin to earn, but without giving up the properties people care about most: safety, decentralization, and full self-custody. To get there, Core leans on a mix of Satoshi Plus, timelocks, and a quick Layer 1 EVM chain. Satoshi Plus folds in Delegated Proof of Work (so Bitcoin miners can participate), self-custodial Bitcoin staking, and staking of the $CORE token. Core frames the relationship with Bitcoin as mutualistic. It borrows security and incentive alignment from Bitcoin, then tries to send value back through extra miner rewards, trustless yield opportunities for BTC holders, and infrastructure that makes it easier for Bitcoin products to plug in and scale. Key ways Core aims to expand Bitcoin utility: 1.) Self-custodial Bitcoin staking Lock BTC with timelocks directly on the Bitcoin network (CLTV) and earn CORE yield, no wrapping, no bridges, and no handing custody to anyone else. 2.) Dual staking Stake $BTC and $CORE together to reach higher yield tiers. 3.) Tapping Bitcoin’s hash power Miners can delegate hash power to earn extra CORE rewards, while Core itself is secured using a majority share of Bitcoin’s hash rate. 4.) The “Bitcoin Power Grid” A set of rails Bitcoin products can connect to, built around yield, collateral, payments, and DeFi use cases. 5.) Scalable Bitcoin DeFi An EVM-compatible network designed for faster, cheaper BTCFi apps. 6.) Two-way value flow The goal is to strengthen Bitcoin’s security budget over time, while also turning dormant BTC into something that can actively do work. In plain terms, Core DAO’s broader mission is to make Bitcoin more productive without piling on trust assumptions, converting energy and capital tied up in Bitcoin into yield, DeFi activity, and scalable infrastructure.
0:30

Core, ‌the Bitcoin-first ‌chain, and how it’s trying to stretch BTC’s usefulness Core DAO (Core DAO 🔶) brands itself as “The Bitcoin Everything Chain.” The pitch is simple: take Bitcoin’s strengths and push them beyond the usual buy-and-hold story. The protocol centers on one main idea: BTC shouldn’t sit still. Core wants idle Bitcoin to earn, but without giving up the properties people care about most: safety, decentralization, and full self-custody. To get there, Core leans on a mix of Satoshi Plus, timelocks, and a quick Layer 1 EVM chain. Satoshi Plus folds in Delegated Proof of Work (so Bitcoin miners can participate), self-custodial Bitcoin staking, and staking of the $CORE token. Core frames the relationship with Bitcoin as mutualistic. It borrows security and incentive alignment from Bitcoin, then tries to send value back through extra miner rewards, trustless yield opportunities for BTC holders, and infrastructure that makes it easier for Bitcoin products to plug in and scale. Key ways Core aims to expand Bitcoin utility: 1.) Self-custodial Bitcoin staking Lock BTC with timelocks directly on the Bitcoin network (CLTV) and earn CORE yield, no wrapping, no bridges, and no handing custody to anyone else. 2.) Dual staking Stake $BTC and $CORE together to reach higher yield tiers. 3.) Tapping Bitcoin’s hash power Miners can delegate hash power to earn extra CORE rewards, while Core itself is secured using a majority share of Bitcoin’s hash rate. 4.) The “Bitcoin Power Grid” A set of rails Bitcoin products can connect to, built around yield, collateral, payments, and DeFi use cases. 5.) Scalable Bitcoin DeFi An EVM-compatible network designed for faster, cheaper BTCFi apps. 6.) Two-way value flow The goal is to strengthen Bitcoin’s security budget over time, while also turning dormant BTC into something that can actively do work. In plain terms, Core DAO’s broader mission is to make Bitcoin more productive without piling on trust assumptions, converting energy and capital tied up in Bitcoin into yield, DeFi activity, and scalable infrastructure.

BSCN

27,175 просмотров • 28 дней назад

Today, #Fantom is thrilled to announce the launch of the #FantomSonic testnet environment! Sonic’s three main upgrades include: • Fantom Virtual Machine, which offers drastically faster smart contract execution compared to the old EVM. • Carmen database storage, which uses a more efficient data structure to offer up to a 90% storage reduction, lowering costs for validators. • Optimized Lachesis consensus mechanism, providing an improved transaction pool. With these improvements, Sonic is anticipated to achieve 2,000+ transactions per second with ultra-short finality. Additionally, Sonic’s reduced storage requirements (from 11 TB to less than 1 TB for archive nodes) makes it far more affordable and accessible for anyone to launch validators and participate in network consensus. Check out our closed testnet at where we showcase the maximum limits of Sonic, or interact with our open testnet at to experience the speed of Sonic first-hand. Fantom Sonic mainnet is scheduled for spring 2024 and will allow new markets to adopt blockchain technology previously hindered by limited transaction throughput and slow finality. We envision a new era of DeFi platforms, blockchain games, and many other applications that can leverage the speed and scalability of Sonic. Get the full scoop on Sonic's technology and learn how to navigate the open testnet in this must-read blog:
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Today, #Fantom is thrilled to announce the launch of the #FantomSonic testnet environment! Sonic’s three main upgrades include: • Fantom Virtual Machine, which offers drastically faster smart contract execution compared to the old EVM. • Carmen database storage, which uses a more efficient data structure to offer up to a 90% storage reduction, lowering costs for validators. • Optimized Lachesis consensus mechanism, providing an improved transaction pool. With these improvements, Sonic is anticipated to achieve 2,000+ transactions per second with ultra-short finality. Additionally, Sonic’s reduced storage requirements (from 11 TB to less than 1 TB for archive nodes) makes it far more affordable and accessible for anyone to launch validators and participate in network consensus. Check out our closed testnet at where we showcase the maximum limits of Sonic, or interact with our open testnet at to experience the speed of Sonic first-hand. Fantom Sonic mainnet is scheduled for spring 2024 and will allow new markets to adopt blockchain technology previously hindered by limited transaction throughput and slow finality. We envision a new era of DeFi platforms, blockchain games, and many other applications that can leverage the speed and scalability of Sonic. Get the full scoop on Sonic's technology and learn how to navigate the open testnet in this must-read blog:

Sonic

715,921 просмотров • 2 лет назад

$RISE 🌅 Incentivized Public Testnet 🛠️is live from Sunrise Testnet users are eligible for Wave 4 of the $RISE Airdrop🪂 🌐 What you need to participate 🔸Cosmos wallet (Leap Wallet Intern | Sunset on 28th May, Keplr Wallet). 🔸EVM wallet (MetaMask 🦊) 🔸Your EVM wallet must have at least one transaction sent history and at least 0.001 ETH on the Ethereum Mainnet. How to participate 🌐 🔸After you connect, get your tokens from Faucet 🔸You can claim 10 $RISE from the testnet faucet every 24 hours. 🔸Swap Testnet Tokens 🔸Provide Liquidity 🔸Participate in Governance 🔸Referral Program NOTE: I'm providing a referral link above. If this generates any Airdrop $RISE I will give it away to the community. 🔸🔸Stake $TIA with our Sponsor Cosmos | Everstake and be eligible for potential future Airdrops. Stake with Leap Wallet Intern | Sunset on 28th May 🔸🔸 FULL $RISE Incentivized Testnet guide: Reminder on $RISE Airdrop $RISE Airdrop 🪂 includes $TIA stakers, $stTIA and $milkTIA holders. Will NFT collections be added soon? For more on what we know about the $RISE Airdrop: 🔗Links ➡️Web: ➡️Gluon: ➡️Discord: ➡️Medium: ➡️Docs: 🫡
0:33

$RISE 🌅 Incentivized Public Testnet 🛠️is live from Sunrise Testnet users are eligible for Wave 4 of the $RISE Airdrop🪂 🌐 What you need to participate 🔸Cosmos wallet (Leap Wallet Intern | Sunset on 28th May, Keplr Wallet). 🔸EVM wallet (MetaMask 🦊) 🔸Your EVM wallet must have at least one transaction sent history and at least 0.001 ETH on the Ethereum Mainnet. How to participate 🌐 🔸After you connect, get your tokens from Faucet 🔸You can claim 10 $RISE from the testnet faucet every 24 hours. 🔸Swap Testnet Tokens 🔸Provide Liquidity 🔸Participate in Governance 🔸Referral Program NOTE: I'm providing a referral link above. If this generates any Airdrop $RISE I will give it away to the community. 🔸🔸Stake $TIA with our Sponsor Cosmos | Everstake and be eligible for potential future Airdrops. Stake with Leap Wallet Intern | Sunset on 28th May 🔸🔸 FULL $RISE Incentivized Testnet guide: Reminder on $RISE Airdrop $RISE Airdrop 🪂 includes $TIA stakers, $stTIA and $milkTIA holders. Will NFT collections be added soon? For more on what we know about the $RISE Airdrop: 🔗Links ➡️Web: ➡️Gluon: ➡️Discord: ➡️Medium: ➡️Docs: 🫡

Grey Ledger

55,230 просмотров • 2 лет назад

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0:33

Hermes just made its in-app browser a whole lot more useful. You can now keep multiple browser tabs open inside Hermes Desktop instead of every new page replacing the one you were already using. And that matters more than it sounds. Because this is not just about “having tabs.” It means Hermes can work across multiple pages without forcing you to keep losing your place every time you open the next thing. Research one source, keep it open, open another tab, compare them side by side, and keep moving. Check a few products before buying something. Look at multiple hotel or travel options at once. Keep a YouTube tutorial open in one tab while Hermes looks through docs or another page in the next. And because this lives inside Hermes Desktop, you are not limited to one basic browser view either. You can keep multiple tabs open. You can view two pages side by side. You can stack them top and bottom. You can even run a four-panel view when you want several pages open at once. So the browser inside Hermes is starting to feel a lot more like a real workspace instead of one page you keep replacing. There is also some nice polish that comes with it. Browser tabs now label themselves based on the page, and the address bar behaves more cleanly while pages are loading. And remember, this is the same in-app browser Hermes can already read, click through, type in, scroll, and annotate. So this is not just a prettier browser. It is a more capable workspace for the browser Hermes is actually using. If Hermes is going to do more of your work on the web, this is exactly the kind of browser upgrade it needed.

Hermes Release Watch

52,493 просмотров • 21 дней назад

"I used to be a bitcoiner. The transition to a new store of value only happens once every 3,000 years. That's the main prize -- just focus on that. But [security] is the criteria that ultimately convinced me to flip from Bitcoin to ETH." "I have a higher degree of certainty that Ethereum will be around longer [than Bitcoin]. The reason for that is because Bitcoin relies on proof-of-work, which is less efficient than proof-of-stake and doesn't scale with the value of the network. And as the block subsidy of Bitcoin halves every four years, it is increasingly becoming more and more reliant on transaction fees to fund the security budget paid to miners." "If you look at [Bitcoin's] security budget right now, about 0.6% of revenue to miners is transaction fees... The problem with that is if Bitcoin becomes 'digital gold', flips gold, and becomes a $30 trillion asset, but it only costs $10-20 billion to attack it, that's too asymmetric." "You want the security budget to scale with the market cap, similar to how countries spend a % of their GDP on defense. The more valuable something is, the more you need to spend to protect it." "Ethereum, with the Merge, migrated to proof-of-stake, which is fundamentally more secure because it's less reliant on transaction fees and it scales with the value of the network. If 1/3rd of ETH is staked and then you need 1/3rd of those ETH to censor the network, you're looking at roughly 10% of the total market cap as the cost to attack the network." "So if Ethereum flips Bitcoin and gold and becomes a $30 trillion asset, it'll cost ~$3 trillion to attack the Ethereum network versus Bitcoin at like $10 billion." "The other aspect here is that as AI hyperscalers invest more and more in AI, proof-of-work becomes increasingly vulnerable because the cost to attack the Bitcoin network is starting to look close to the quarterly CapEx these hyperscalers are spending on their data centers." Full interview on Bankless with Vivek Raman discussing the new Etherealize "Productive Money" report below.
2:34

"I used to be a bitcoiner. The transition to a new store of value only happens once every 3,000 years. That's the main prize -- just focus on that. But [security] is the criteria that ultimately convinced me to flip from Bitcoin to ETH." "I have a higher degree of certainty that Ethereum will be around longer [than Bitcoin]. The reason for that is because Bitcoin relies on proof-of-work, which is less efficient than proof-of-stake and doesn't scale with the value of the network. And as the block subsidy of Bitcoin halves every four years, it is increasingly becoming more and more reliant on transaction fees to fund the security budget paid to miners." "If you look at [Bitcoin's] security budget right now, about 0.6% of revenue to miners is transaction fees... The problem with that is if Bitcoin becomes 'digital gold', flips gold, and becomes a $30 trillion asset, but it only costs $10-20 billion to attack it, that's too asymmetric." "You want the security budget to scale with the market cap, similar to how countries spend a % of their GDP on defense. The more valuable something is, the more you need to spend to protect it." "Ethereum, with the Merge, migrated to proof-of-stake, which is fundamentally more secure because it's less reliant on transaction fees and it scales with the value of the network. If 1/3rd of ETH is staked and then you need 1/3rd of those ETH to censor the network, you're looking at roughly 10% of the total market cap as the cost to attack the network." "So if Ethereum flips Bitcoin and gold and becomes a $30 trillion asset, it'll cost ~$3 trillion to attack the Ethereum network versus Bitcoin at like $10 billion." "The other aspect here is that as AI hyperscalers invest more and more in AI, proof-of-work becomes increasingly vulnerable because the cost to attack the Bitcoin network is starting to look close to the quarterly CapEx these hyperscalers are spending on their data centers." Full interview on Bankless with Vivek Raman discussing the new Etherealize "Productive Money" report below.

Michael McGuiness

120,514 просмотров • 4 месяцев назад

What if #AI became as decentralized as #Bitcoin? We sat down with our new friend 3700 from Bitcoin Virtual Machine to hear what their incredible team of anons are working on - "Truly Open AI." Full interview here:👇 1: What positive impact will Layer 2s have on Bitcoin? Layer 2s on Bitcoin open up opportunities for innovation, allowing developers to build dApps and smart contracts on top of Bitcoin, expanding its utility and use cases. By submitting transactions for final settlement on the Bitcoin network, Bitcoin Layer 2 networks claim to achieve the same (or close to) level of security and decentralization as the Bitcoin blockchain. Building a separate execution layer allows them the freedom to employ several technologies (such as rollups). Layer 2 can significantly improve Bitcoin's scalability by processing transactions off-chain, reducing congestion on the main blockchain. Overall, Layer 2s on Bitcoin have the potential to address some of Bitcoin's key limitations, making it more efficient, accessible, and versatile in the long run. 2: What does the ETF approval mean for Layer 2 on Bitcoin? The approval of ETF could potentially have several implications for Layer 2 on Bitcoin: Innovation and Development: With a growing interest in Bitcoin spurred by ETF approval, there could be a surge in research and development efforts focused on enhancing Layer 2. Developers and projects may be incentivized to create new and improved Layer 2 protocols to meet the evolving needs of the expanding Bitcoin ecosystem. An ETF approval could boost mainstream Bitcoin adoption and liquidity. This influx of users may also drive interest in Layer 2 on Bitcoin as a means to enhance the scalability and functionality of Bitcoin. 3: What are the primary challenges facing L2s on Bitcoin? The interoperability of different Layer 2s and their compatibility with Bitcoin's main blockchain can be a challenge. Ensuring seamless interaction between various Layer 2 networks and the Bitcoin blockchain is essential for a cohesive and efficient ecosystem. Some Layer 2s may introduce centralization risks if they rely heavily on centralized entities or trusted intermediaries. Maintaining decentralization and censorship resistance, which are core tenets of Bitcoin, while scaling with Layer 2s is a challenge. 4: What aspects of Layer 2 solutions for Bitcoin are you most enthusiastic about? AI represents one of the cornerstones of our modern era. However, achieving a decentralized AI infrastructure, owned and managed by users, has posed significant challenges. The primary obstacle has been the limited capacity to store and execute AI models due to size and computational limitations. To address this challenge, we propose a new blockchain architecture enabling developers to deploy their own Bitcoin Layer 2 solutions tailored specifically for AI tasks, called Truly Open AI. These Layer 2 blockchains are optimized to handle computationally intensive tasks, such as matrix multiplication, directly on-chain. These Bitcoin Layer 2 solutions offer exceptional throughput, minimal latency, and cost-effectiveness. AI dApps are programmed as Solidity smart contracts, ensuring they operate precisely as intended, free from interference or manipulation. Our BVM AI Contracts Library simplifies the integration of neural networks into dApps, empowering developers to embed AI seamlessly. In summary, I'm particularly enthusiastic about the potential of Layer 2 solutions for Bitcoin to revolutionize decentralized AI by providing scalability, security, and accessibility. 5: How is your Layer 2 different from others being built? BVM distinguishes itself as a Modular infrastructure that empowers thousands of distinct Bitcoin Layer 2 networks, spanning Gaming, DeFi, Social, and AI applications. We're continuously enriching the BVM Module Store with new modules to enhance its capabilities. With each new module, builders gain access to a wider array of tools to explore different use cases on the Bitcoin network. Recent additions include the Filecoin module for affordable storage and the AI Contracts Library for constructing AI-powered Bitcoin Layer 2 chains. We're also gearing up to release a ZK roll-up module in the coming weeks to offer an alternative to the standard optimistic roll-up. We aim to simplify the process of launching a Bitcoin Layer 2 network customized to specific requirements. Think of it as a SaaS offering with predefined best practices. Whether it's a DeFi Bitcoin Layer 2 or a GameFi Bitcoin Layer 2, we provide default solutions tailored to each use case. We're dedicated to expanding the BVM ecosystem by incentivizing more builders to join the Bitcoin network. Through various programs and grants, we support builders in covering their operational costs for Bitcoin Layer 2. Additionally, we offer rewards akin to 'L2 mining' to those who contribute to expanding the user base and total value locked on the network. In summary, BVM stands out with its modular infrastructure, tailored solutions, and efforts to grow the Bitcoin ecosystem.
1:16

What if #AI became as decentralized as #Bitcoin? We sat down with our new friend 3700 from Bitcoin Virtual Machine to hear what their incredible team of anons are working on - "Truly Open AI." Full interview here:👇 1: What positive impact will Layer 2s have on Bitcoin? Layer 2s on Bitcoin open up opportunities for innovation, allowing developers to build dApps and smart contracts on top of Bitcoin, expanding its utility and use cases. By submitting transactions for final settlement on the Bitcoin network, Bitcoin Layer 2 networks claim to achieve the same (or close to) level of security and decentralization as the Bitcoin blockchain. Building a separate execution layer allows them the freedom to employ several technologies (such as rollups). Layer 2 can significantly improve Bitcoin's scalability by processing transactions off-chain, reducing congestion on the main blockchain. Overall, Layer 2s on Bitcoin have the potential to address some of Bitcoin's key limitations, making it more efficient, accessible, and versatile in the long run. 2: What does the ETF approval mean for Layer 2 on Bitcoin? The approval of ETF could potentially have several implications for Layer 2 on Bitcoin: Innovation and Development: With a growing interest in Bitcoin spurred by ETF approval, there could be a surge in research and development efforts focused on enhancing Layer 2. Developers and projects may be incentivized to create new and improved Layer 2 protocols to meet the evolving needs of the expanding Bitcoin ecosystem. An ETF approval could boost mainstream Bitcoin adoption and liquidity. This influx of users may also drive interest in Layer 2 on Bitcoin as a means to enhance the scalability and functionality of Bitcoin. 3: What are the primary challenges facing L2s on Bitcoin? The interoperability of different Layer 2s and their compatibility with Bitcoin's main blockchain can be a challenge. Ensuring seamless interaction between various Layer 2 networks and the Bitcoin blockchain is essential for a cohesive and efficient ecosystem. Some Layer 2s may introduce centralization risks if they rely heavily on centralized entities or trusted intermediaries. Maintaining decentralization and censorship resistance, which are core tenets of Bitcoin, while scaling with Layer 2s is a challenge. 4: What aspects of Layer 2 solutions for Bitcoin are you most enthusiastic about? AI represents one of the cornerstones of our modern era. However, achieving a decentralized AI infrastructure, owned and managed by users, has posed significant challenges. The primary obstacle has been the limited capacity to store and execute AI models due to size and computational limitations. To address this challenge, we propose a new blockchain architecture enabling developers to deploy their own Bitcoin Layer 2 solutions tailored specifically for AI tasks, called Truly Open AI. These Layer 2 blockchains are optimized to handle computationally intensive tasks, such as matrix multiplication, directly on-chain. These Bitcoin Layer 2 solutions offer exceptional throughput, minimal latency, and cost-effectiveness. AI dApps are programmed as Solidity smart contracts, ensuring they operate precisely as intended, free from interference or manipulation. Our BVM AI Contracts Library simplifies the integration of neural networks into dApps, empowering developers to embed AI seamlessly. In summary, I'm particularly enthusiastic about the potential of Layer 2 solutions for Bitcoin to revolutionize decentralized AI by providing scalability, security, and accessibility. 5: How is your Layer 2 different from others being built? BVM distinguishes itself as a Modular infrastructure that empowers thousands of distinct Bitcoin Layer 2 networks, spanning Gaming, DeFi, Social, and AI applications. We're continuously enriching the BVM Module Store with new modules to enhance its capabilities. With each new module, builders gain access to a wider array of tools to explore different use cases on the Bitcoin network. Recent additions include the Filecoin module for affordable storage and the AI Contracts Library for constructing AI-powered Bitcoin Layer 2 chains. We're also gearing up to release a ZK roll-up module in the coming weeks to offer an alternative to the standard optimistic roll-up. We aim to simplify the process of launching a Bitcoin Layer 2 network customized to specific requirements. Think of it as a SaaS offering with predefined best practices. Whether it's a DeFi Bitcoin Layer 2 or a GameFi Bitcoin Layer 2, we provide default solutions tailored to each use case. We're dedicated to expanding the BVM ecosystem by incentivizing more builders to join the Bitcoin network. Through various programs and grants, we support builders in covering their operational costs for Bitcoin Layer 2. Additionally, we offer rewards akin to 'L2 mining' to those who contribute to expanding the user base and total value locked on the network. In summary, BVM stands out with its modular infrastructure, tailored solutions, and efforts to grow the Bitcoin ecosystem.

Supra

83,548 просмотров • 2 лет назад

This house and hot tub are heated by bitcoin miners. Electricity turned into heat AND money. It's a no brainer, but what few realize is it's also the ultimate trojan horse to secure bitcoin's future 💡 Let me explain. Mining is a cutthroat industry with slim margins and home mining is no different. In most cases, it makes no economical sense to mine at home. But it does make sense to heat your home, and bitcoin miners are great heaters 🔥 It's infrastructure. It's utility. And once it's in your home, hashrate is being decentralized. When hundreds of millions of homes & businesses around the world are using hashrate heating Then the network becomes much more secure and decentralized. And any govt intervention (look up Executive Order 6102) becomes a lot more difficult to pull off. Try outlawing bitcoin and telling people they can't heat their homes. See how that goes. Try taking our hot tubs. You can't take our hot tubs! These dual-purpose mining and heating use cases are the Trojan horse that makes Bitcoin even more unstoppable. Thoughts?
0:25

This house and hot tub are heated by bitcoin miners. Electricity turned into heat AND money. It's a no brainer, but what few realize is it's also the ultimate trojan horse to secure bitcoin's future 💡 Let me explain. Mining is a cutthroat industry with slim margins and home mining is no different. In most cases, it makes no economical sense to mine at home. But it does make sense to heat your home, and bitcoin miners are great heaters 🔥 It's infrastructure. It's utility. And once it's in your home, hashrate is being decentralized. When hundreds of millions of homes & businesses around the world are using hashrate heating Then the network becomes much more secure and decentralized. And any govt intervention (look up Executive Order 6102) becomes a lot more difficult to pull off. Try outlawing bitcoin and telling people they can't heat their homes. See how that goes. Try taking our hot tubs. You can't take our hot tubs! These dual-purpose mining and heating use cases are the Trojan horse that makes Bitcoin even more unstoppable. Thoughts?

Matt Cutler

18,851 просмотров • 6 месяцев назад

Debunking the Flat Bitcoin Theory 🧵 In the early days of Bitcoin (2009-2014) there was a massive amount of experimentation and innovation on bitcoin The first NFTs and cryptoart started on Bitcoin The first memecoins started on Bitcoin The first stablecoins and real world assets started on Bitcoin The first dapps started on Bitcoin The first DEX started on Bitcoin The first on-chain governance started on Bitcoin The first crypto degens were playing Satoshi Dice on Bitcoin But then the OP_RETURN wars happened and people like Luke Dashjr vilified innovation and scared builders away resulting in a long period of stagnation (2015-2023) This period of stagnation gave birth to the Flat Bitcoin Theory which infected the minds of nearly everyone The Flat Bitcoin Theory is a belief held by "Flat Bitcoiners" who think that Bitcoin is a boring blockchain that is not capable of the innovative use cases that we see on alt L1s like Ethereum or Solana But thankfully in January 2023 Casey burst onto the scene with the ordinals protocol and one by one people have been waking up from this lie and realizing that Bitcoin is actually multidimensional and capable of everything you could possibly imagine and more Since then Bitcoin has experienced a renaissance of innovation with a new set of builders picking up where the set of OG builders left off Jeremy Lin | 🔄 DotSwap (On Nexus) from DOTSWAP•DOTSWAP - Official has defied all FUD and delivered a trustless liquidity pool style experience on Bitcoin L1 for Runes with zero MEV Stan from Sats Terminal has built an advanced order routing and aggregation engine for Runes trading on Bitcoin L1 Scott | Bound from radFi has revived the Runes trenches with a token launchpad on Bitcoin L1 that thousands of people use every day Robin from Liquidium | Bitcoin Loans built a Runes and Ordinals lending protocol that has processed hundreds of millions of dollars of volume which proves that DeFi can thrive on Bitcoin L1 domo and Binari from BRC 2.0 and Tagga from Alkanes have been relentlessly pursing a vision for general purpose smart contracts on Bitcoin L1 TO from Pizza Pets built a fully on-chain multiplayer game directly on Bitcoin L1 Ken Liao from built a Bitcoin wallet for interacting with Bitcoin L1 dapps that is so sleek that it puts Ethereum's flagship wallet MetaMask to shame danny huuep from OnChainMonkey® pioneered a new way to store an entire 10K PFP collection on Bitcoin for only $23 that is now widely adopted by hundreds of other Ordinals collections SergeSats has formed the Bitcoin Art Society to preserve Bitcoin's on-chain culture for future generation has dedicated months of his life to ensuring that once a year there is a place where bitcoin builders can gather to celebrate experimentation on bitcoin at Bitcoin Summit Massive decentralized communities like the $DOG Army and Bitcoin Puppets have rallied together to support all of these innovations and champion the Bitcoin ecosystem Do not ever let anyone tell you that Bitcoin is not capable of something or that you must only use Bitcoin in a certain way The Bitcoin network is more secure and robust longterm when it is winning at developer mindshare and blocks are filled with a diverse set of on-chain activity It is up to us, the Ordinals, Runes, and Bitcoin DeFi ecosystem to be stewards of this technology now so go build the most badass applications possible and never stop fighting for innovation on Bitcoin!
13:29

Debunking the Flat Bitcoin Theory 🧵 In the early days of Bitcoin (2009-2014) there was a massive amount of experimentation and innovation on bitcoin The first NFTs and cryptoart started on Bitcoin The first memecoins started on Bitcoin The first stablecoins and real world assets started on Bitcoin The first dapps started on Bitcoin The first DEX started on Bitcoin The first on-chain governance started on Bitcoin The first crypto degens were playing Satoshi Dice on Bitcoin But then the OP_RETURN wars happened and people like Luke Dashjr vilified innovation and scared builders away resulting in a long period of stagnation (2015-2023) This period of stagnation gave birth to the Flat Bitcoin Theory which infected the minds of nearly everyone The Flat Bitcoin Theory is a belief held by "Flat Bitcoiners" who think that Bitcoin is a boring blockchain that is not capable of the innovative use cases that we see on alt L1s like Ethereum or Solana But thankfully in January 2023 Casey burst onto the scene with the ordinals protocol and one by one people have been waking up from this lie and realizing that Bitcoin is actually multidimensional and capable of everything you could possibly imagine and more Since then Bitcoin has experienced a renaissance of innovation with a new set of builders picking up where the set of OG builders left off Jeremy Lin | 🔄 DotSwap (On Nexus) from DOTSWAP•DOTSWAP - Official has defied all FUD and delivered a trustless liquidity pool style experience on Bitcoin L1 for Runes with zero MEV Stan from Sats Terminal has built an advanced order routing and aggregation engine for Runes trading on Bitcoin L1 Scott | Bound from radFi has revived the Runes trenches with a token launchpad on Bitcoin L1 that thousands of people use every day Robin from Liquidium | Bitcoin Loans built a Runes and Ordinals lending protocol that has processed hundreds of millions of dollars of volume which proves that DeFi can thrive on Bitcoin L1 domo and Binari from BRC 2.0 and Tagga from Alkanes have been relentlessly pursing a vision for general purpose smart contracts on Bitcoin L1 TO from Pizza Pets built a fully on-chain multiplayer game directly on Bitcoin L1 Ken Liao from built a Bitcoin wallet for interacting with Bitcoin L1 dapps that is so sleek that it puts Ethereum's flagship wallet MetaMask to shame danny huuep from OnChainMonkey® pioneered a new way to store an entire 10K PFP collection on Bitcoin for only $23 that is now widely adopted by hundreds of other Ordinals collections SergeSats has formed the Bitcoin Art Society to preserve Bitcoin's on-chain culture for future generation has dedicated months of his life to ensuring that once a year there is a place where bitcoin builders can gather to celebrate experimentation on bitcoin at Bitcoin Summit Massive decentralized communities like the $DOG Army and Bitcoin Puppets have rallied together to support all of these innovations and champion the Bitcoin ecosystem Do not ever let anyone tell you that Bitcoin is not capable of something or that you must only use Bitcoin in a certain way The Bitcoin network is more secure and robust longterm when it is winning at developer mindshare and blocks are filled with a diverse set of on-chain activity It is up to us, the Ordinals, Runes, and Bitcoin DeFi ecosystem to be stewards of this technology now so go build the most badass applications possible and never stop fighting for innovation on Bitcoin!

Leonidas 🧡 $DOG

63,084 просмотров • 1 год назад

Hyperspace: A Peer-to-Peer Blockchain For The Agentic Intelligence Economy Over the past few weeks we observed that when agents do Karpathy-style experiments, and then gossip and share with others over the Hyperspace network, it leads to intelligence which is useful to many. Today we introduce the first-ever agentic blockchain which rewards agents when their experiments lead to intelligence for their network. It is based on a new mechanism called Proof-of-Intelligence (PoI) which requires a cryptographic proof of experimentation, a nominal stake, and a proof of compute in order to mine the currency of this new blockchain. -> This approach diverges from the two primary ways to secure blockchains we have seen so far: Proof-of-Work by Bitcoin (meaningless hash-generation), and Proof-of-Stake by Ethereum (capital is all that matters here). Proof-of-Intelligence specifically incentivizes miners to run more capable intelligent infrastructure (better open source models, on more powerful GPUs) in order to be able to be the ones which compound and improve upon the experiments which other agents then find useful. Adoption is the unit of value In Bitcoin, you earn by finding a valid hash. In Hyperspace, you earn when another agent uses your experiment as a starting point and improves on it. A fixed budget of tokens is emitted per epoch and split among participants by weight - and verified adoption of your work is the largest weight multiplier. Garbage experiments earn nothing because no one adopts them. Thoughtful experiments compound: each adoption triggers downstream adoptions. The incentive to run powerful models and intelligent search strategies is built into the economics, not imposed by rules. Research DAG When an agent runs an experiment and shares its result, other agents can adopt that result as their starting point - mutate it, extend it, improve upon it. Each experiment is a commit in a content-addressed graph we call the ResearchDAG. Like Git, but for research. Over time, the DAG accumulates chains of reasoning: agent A discovers RMSNorm helps, agent B adds warmup scheduling on top, agent C scales the hidden dimension. The graph records who built on whom. This is the network's collective intelligence - not any single experiment, but the accumulated structure of experiments and their relationships. Broadband era for agentic commerce: $0.001 micropayments at 10M TPS (theoretical max) This blockchain is built upon our research in how to scale and build for the broadband-era of the agentic economy, where it has a theoretical max of 10 million transactions per second (TPS), while reducing the agent-to-agent micropayments to $0.001 even at scale (based on architecture design). Overall, it is 100x cheaper than Ethereum, and is designed from the ground-up for agents: enshrining agent-native opcodes in the protocol compared to the more inefficient smart contract driven approach. It packs in a robust Agent Virtual Machine (AVM) which can verify multiple types of agent work, for other agents to be able to trust, invoke and pay each other. This then feeds into improving the peer-to-peer AgentRank (see paper and launch post from earlier). By solving for trust, scale and incentives for agents to operate autonomously, this would form the basis of a new economy. This is the world's first agentic blockchain, and you can join and start running a blockchain node today (it is in testnet). PS: We are releasing the code today, and will release our blockchain scalability paper and other presentations in days ahead. This is the most advanced peer-to-peer AI and cryptography software in the world. It has bugs :)
0:30

Hyperspace: A Peer-to-Peer Blockchain For The Agentic Intelligence Economy Over the past few weeks we observed that when agents do Karpathy-style experiments, and then gossip and share with others over the Hyperspace network, it leads to intelligence which is useful to many. Today we introduce the first-ever agentic blockchain which rewards agents when their experiments lead to intelligence for their network. It is based on a new mechanism called Proof-of-Intelligence (PoI) which requires a cryptographic proof of experimentation, a nominal stake, and a proof of compute in order to mine the currency of this new blockchain. -> This approach diverges from the two primary ways to secure blockchains we have seen so far: Proof-of-Work by Bitcoin (meaningless hash-generation), and Proof-of-Stake by Ethereum (capital is all that matters here). Proof-of-Intelligence specifically incentivizes miners to run more capable intelligent infrastructure (better open source models, on more powerful GPUs) in order to be able to be the ones which compound and improve upon the experiments which other agents then find useful. Adoption is the unit of value In Bitcoin, you earn by finding a valid hash. In Hyperspace, you earn when another agent uses your experiment as a starting point and improves on it. A fixed budget of tokens is emitted per epoch and split among participants by weight - and verified adoption of your work is the largest weight multiplier. Garbage experiments earn nothing because no one adopts them. Thoughtful experiments compound: each adoption triggers downstream adoptions. The incentive to run powerful models and intelligent search strategies is built into the economics, not imposed by rules. Research DAG When an agent runs an experiment and shares its result, other agents can adopt that result as their starting point - mutate it, extend it, improve upon it. Each experiment is a commit in a content-addressed graph we call the ResearchDAG. Like Git, but for research. Over time, the DAG accumulates chains of reasoning: agent A discovers RMSNorm helps, agent B adds warmup scheduling on top, agent C scales the hidden dimension. The graph records who built on whom. This is the network's collective intelligence - not any single experiment, but the accumulated structure of experiments and their relationships. Broadband era for agentic commerce: $0.001 micropayments at 10M TPS (theoretical max) This blockchain is built upon our research in how to scale and build for the broadband-era of the agentic economy, where it has a theoretical max of 10 million transactions per second (TPS), while reducing the agent-to-agent micropayments to $0.001 even at scale (based on architecture design). Overall, it is 100x cheaper than Ethereum, and is designed from the ground-up for agents: enshrining agent-native opcodes in the protocol compared to the more inefficient smart contract driven approach. It packs in a robust Agent Virtual Machine (AVM) which can verify multiple types of agent work, for other agents to be able to trust, invoke and pay each other. This then feeds into improving the peer-to-peer AgentRank (see paper and launch post from earlier). By solving for trust, scale and incentives for agents to operate autonomously, this would form the basis of a new economy. This is the world's first agentic blockchain, and you can join and start running a blockchain node today (it is in testnet). PS: We are releasing the code today, and will release our blockchain scalability paper and other presentations in days ahead. This is the most advanced peer-to-peer AI and cryptography software in the world. It has bugs :)

Varun

30,689 просмотров • 5 месяцев назад

Phase 2 of our Testnet is now LIVE on Particle Pioneer! ✨ After a successful Phase 1 with over 1.3M testers and more than 120M txs, we're on the final stretch before Mainnet. ✨ What’s new in Phase 2? This Phase introduces two core functionalities for Particle Network’s chain abstraction: 🌐 Universal Liquidity: Combines your balances across chains and allows you to seamlessly interact with dApps on any chain. ⛽️ Universal Gas: Allows you to pay for transaction fees with any token, automatically using the most cost-effective route. Here’s how you can earn more $PARTI points and bonuses on The People's Launchpad by trying out Chain Abstraction 👇 🟣Join Particle Pioneer at 🟣 Send cross-chain Testnet transactions and use multiple chains with Universal Liquidity and Universal Gas. 🟣 Boost your rewards with Booster NFTs. 📚 Full details in our Phase 2 guide at:
0:38

Phase 2 of our Testnet is now LIVE on Particle Pioneer! ✨ After a successful Phase 1 with over 1.3M testers and more than 120M txs, we're on the final stretch before Mainnet. ✨ What’s new in Phase 2? This Phase introduces two core functionalities for Particle Network’s chain abstraction: 🌐 Universal Liquidity: Combines your balances across chains and allows you to seamlessly interact with dApps on any chain. ⛽️ Universal Gas: Allows you to pay for transaction fees with any token, automatically using the most cost-effective route. Here’s how you can earn more $PARTI points and bonuses on The People's Launchpad by trying out Chain Abstraction 👇 🟣Join Particle Pioneer at 🟣 Send cross-chain Testnet transactions and use multiple chains with Universal Liquidity and Universal Gas. 🟣 Boost your rewards with Booster NFTs. 📚 Full details in our Phase 2 guide at:

Particle Network

509,435 просмотров • 2 лет назад

This is another piece about #kaspa and why you should accumulate as much as possible. I think people don't realize yet the tangible progress that $kas had from the launch of the project. And who complains about the chart going sideways for a few months, that is called redistribution after an amazing run during the bear market. Enjoy. Kaspa: The Blockchain Speed Demon Redefining Crypto Efficiency Kaspa has emerged as a significant player in the cryptocurrency landscape, particularly noted for its advancements in transaction speed and scalability while maintaining the foundational principles of Bitcoin (BTC). Here's an insightful look into Kaspa's achievements and its relation to Bitcoin: Unprecedented Speed on Testnet: Kaspa's testnet has demonstrated remarkable speed, achieving up to 10 blocks per second (BPS). This is a monumental leap when compared to Bitcoin, which processes about one block every 10 minutes. This speed was showcased in Kaspa's Testnet 11, where the network's peer-to-peer dynamics and node health remained stable, indicating the robustness of its design. This capability is facilitated by Kaspa's unique implementation of the GHOSTDAG protocol, which allows for parallel processing of blocks, significantly enhancing throughput compared to traditional blockchain structures. Similarities to Bitcoin: Decentralization and Security: Just like Bitcoin, Kaspa uses a Proof-of-Work (PoW) consensus mechanism, ensuring that the network remains decentralized and secure. Kaspa's approach, however, does not orphan blocks created in parallel but instead orders them within the consensus, maintaining a high degree of security without sacrificing speed. No Premine or ICO: Kaspa was launched with a fair distribution method, eschewing pre-mines or initial coin offerings, mimicking Bitcoin's launch ethos to ensure a level playing field for all participants from the outset. Scarcity: Similar to Bitcoin, Kaspa has a capped supply, which encourages a deflationary model. This aspect could potentially make Kaspa an attractive store of value, akin to Bitcoin's role as "digital gold," although Kaspa brands itself more as "digital silver" due to its focus on speed and utility. Advancements Beyond Bitcoin: Scalability: Where Bitcoin struggles with scalability due to its block size limit, Kaspa's BlockDAG structure enables it to process transactions at a scale that Bitcoin cannot match without significant network congestion or fee hikes. This makes Kaspa potentially more suitable for everyday transactions. Transaction Confirmation Time: Kaspa transactions are confirmed in about 10 seconds, compared to Bitcoin's minimum of 10 minutes, making it highly efficient for real-world applications where speed is crucial. Energy Efficiency: By design, Kaspa aims to be less energy-intensive than Bitcoin while maintaining PoW security, leveraging algorithms like kHeavyHash which are more suited to the high-throughput environment of a DAG. Future Adaptability: Kaspa plans to introduce features like smart contracts with very low fees, potentially positioning it as a platform for decentralized applications (dApps) without the scaling issues faced by other networks like Ethereum. The Road Ahead: Kaspa is not just another cryptocurrency; it's a project that challenges the established norms of blockchain scalability. By solving the blockchain trilemma of security, scalability, and decentralization, Kaspa could set a new standard for what's possible in cryptocurrency. However, its relatively new status in the market means it has yet to prove its resilience over decades like Bitcoin. The community's enthusiasm, combined with ongoing development like the Rust rewrite for better performance, suggests Kaspa is on a path to potentially significant growth and adoption. In conclusion, while Kaspa shares foundational similarities with Bitcoin, its advancements in speed, scalability, and adaptability make it a compelling alternative or companion in the crypto ecosystem. Its testnet achievements are just the beginning of what could be a transformative journey in the blockchain space.
5:10

This is another piece about #kaspa and why you should accumulate as much as possible. I think people don't realize yet the tangible progress that $kas had from the launch of the project. And who complains about the chart going sideways for a few months, that is called redistribution after an amazing run during the bear market. Enjoy. Kaspa: The Blockchain Speed Demon Redefining Crypto Efficiency Kaspa has emerged as a significant player in the cryptocurrency landscape, particularly noted for its advancements in transaction speed and scalability while maintaining the foundational principles of Bitcoin (BTC). Here's an insightful look into Kaspa's achievements and its relation to Bitcoin: Unprecedented Speed on Testnet: Kaspa's testnet has demonstrated remarkable speed, achieving up to 10 blocks per second (BPS). This is a monumental leap when compared to Bitcoin, which processes about one block every 10 minutes. This speed was showcased in Kaspa's Testnet 11, where the network's peer-to-peer dynamics and node health remained stable, indicating the robustness of its design. This capability is facilitated by Kaspa's unique implementation of the GHOSTDAG protocol, which allows for parallel processing of blocks, significantly enhancing throughput compared to traditional blockchain structures. Similarities to Bitcoin: Decentralization and Security: Just like Bitcoin, Kaspa uses a Proof-of-Work (PoW) consensus mechanism, ensuring that the network remains decentralized and secure. Kaspa's approach, however, does not orphan blocks created in parallel but instead orders them within the consensus, maintaining a high degree of security without sacrificing speed. No Premine or ICO: Kaspa was launched with a fair distribution method, eschewing pre-mines or initial coin offerings, mimicking Bitcoin's launch ethos to ensure a level playing field for all participants from the outset. Scarcity: Similar to Bitcoin, Kaspa has a capped supply, which encourages a deflationary model. This aspect could potentially make Kaspa an attractive store of value, akin to Bitcoin's role as "digital gold," although Kaspa brands itself more as "digital silver" due to its focus on speed and utility. Advancements Beyond Bitcoin: Scalability: Where Bitcoin struggles with scalability due to its block size limit, Kaspa's BlockDAG structure enables it to process transactions at a scale that Bitcoin cannot match without significant network congestion or fee hikes. This makes Kaspa potentially more suitable for everyday transactions. Transaction Confirmation Time: Kaspa transactions are confirmed in about 10 seconds, compared to Bitcoin's minimum of 10 minutes, making it highly efficient for real-world applications where speed is crucial. Energy Efficiency: By design, Kaspa aims to be less energy-intensive than Bitcoin while maintaining PoW security, leveraging algorithms like kHeavyHash which are more suited to the high-throughput environment of a DAG. Future Adaptability: Kaspa plans to introduce features like smart contracts with very low fees, potentially positioning it as a platform for decentralized applications (dApps) without the scaling issues faced by other networks like Ethereum. The Road Ahead: Kaspa is not just another cryptocurrency; it's a project that challenges the established norms of blockchain scalability. By solving the blockchain trilemma of security, scalability, and decentralization, Kaspa could set a new standard for what's possible in cryptocurrency. However, its relatively new status in the market means it has yet to prove its resilience over decades like Bitcoin. The community's enthusiasm, combined with ongoing development like the Rust rewrite for better performance, suggests Kaspa is on a path to potentially significant growth and adoption. In conclusion, while Kaspa shares foundational similarities with Bitcoin, its advancements in speed, scalability, and adaptability make it a compelling alternative or companion in the crypto ecosystem. Its testnet achievements are just the beginning of what could be a transformative journey in the blockchain space.

Satoshi Vibz

11,501 просмотров • 1 год назад

Most people think about Bitcoin treasury companies incorrectly Here is why I think they are good for Bitcoin & why they are misunderstood: 1) Treasury companies are capitalizing the Bitcoin industry for a century to come 2) They are future Bitcoin Banks 3) However, they are developing in the reverse order compared to everything else - monetization first and then later on core business activities -- Bitcoin has traditionally received $1 for every $100 in funds that Crypto took in - it has historically been challenging to raise money for Bitcoin focused businesses. My view is that Treasury companies are changing this, and while the first phase will simply be acquiring as much Bitcoin as possible - they will later need to ensure the value of Bitcoin grows and find ways to use BTC as capital in a larger marketplace. These firms will become the future Bitcoin Banks and also Bitcoin conglomerates. In this exact moment in time the best use of capital is simply buying Bitcoin. It's hard to meaningfully outperform BTC, and as such all these businesses will do for a while is acquire BTC. But eventually that shifts, and these firms will see more incentive to both grow and deploy Bitcoin. They then will provide capital which, among other things, supports Bitcoin businesses and projects. Many people struggle to contextualize the current "land rush" phase with what will come later. You need to take a longer view to understand these firms. The order of operations is also reversed here. Typically you build a business or technology and then as a final step monetize it via an IPO. With Bitcoin, stage 1 is looking more like direct monetization prior to creating value via products, etc. This is deeply counter intuitive to many people in traditional finance, and also to many Bitcoiners. However, because Bitcoin is primarily money at a base level it makes sense the developmental path it is taking differs significantly from other tech. The amount of time it will take for other investors to understand this presents an opportunity for those who see it sooner. More thoughts below 👇
7:48

Most people think about Bitcoin treasury companies incorrectly Here is why I think they are good for Bitcoin & why they are misunderstood: 1) Treasury companies are capitalizing the Bitcoin industry for a century to come 2) They are future Bitcoin Banks 3) However, they are developing in the reverse order compared to everything else - monetization first and then later on core business activities -- Bitcoin has traditionally received $1 for every $100 in funds that Crypto took in - it has historically been challenging to raise money for Bitcoin focused businesses. My view is that Treasury companies are changing this, and while the first phase will simply be acquiring as much Bitcoin as possible - they will later need to ensure the value of Bitcoin grows and find ways to use BTC as capital in a larger marketplace. These firms will become the future Bitcoin Banks and also Bitcoin conglomerates. In this exact moment in time the best use of capital is simply buying Bitcoin. It's hard to meaningfully outperform BTC, and as such all these businesses will do for a while is acquire BTC. But eventually that shifts, and these firms will see more incentive to both grow and deploy Bitcoin. They then will provide capital which, among other things, supports Bitcoin businesses and projects. Many people struggle to contextualize the current "land rush" phase with what will come later. You need to take a longer view to understand these firms. The order of operations is also reversed here. Typically you build a business or technology and then as a final step monetize it via an IPO. With Bitcoin, stage 1 is looking more like direct monetization prior to creating value via products, etc. This is deeply counter intuitive to many people in traditional finance, and also to many Bitcoiners. However, because Bitcoin is primarily money at a base level it makes sense the developmental path it is taking differs significantly from other tech. The amount of time it will take for other investors to understand this presents an opportunity for those who see it sooner. More thoughts below 👇

Steven Lubka ☀️

29,287 просмотров • 1 год назад

Did Epstein influence Bitcoin core development? Short answer: No. This is not how Bitcoin works. Here’s what happened: Epstein donated to MIT Media Lab…who in turn supported MIT Digital Currency Initiative…which in turn funded Bitcoin developers. These devs used to be funded by The Bitcoin Foundation (which I used to run as volunteer Executive Director) there are many devs and no dev or team had power or control over Bitcoin. Under MIT’s patronage the devs had the same deal they had with us at The Bitcoin Foundation: that they could work on the code and not have direction from the org. More importantly — how Bitcoin works is that *even if* a dev was compromised then the nodes and miners would still have to run that code to make it included in Bitcoin. So for example if I had somehow asked the devs paid by Bitcoin Foundation to “add 1000 coins for Bruce” 1) they wouldn’t have done this / it would have been counter to our agreement 2) no miners would run that code & no nodes would recognize it. It would be a laughing stock and completely rejected. Does this mean code dev is not an attack vector? No. It’s still a risk. Particularly with nation state style actors and very careful efforts to co-opt which are much more sophisticated than “give Bruce coins” or something. This is one reason I’m cautious of Bitcoin core funding - especially from actors who’ve had bad judgment in the past. I think we should be cautious of who does the dev and view it as an attack vector. Bitcoin code is transparent and has lots of eyes on it. So in this case especially there isn’t even a solid accusation, let alone evidence that MIT directed nefarious code changes. If that was an allegation the first question should be: well what code specifically did MIT direct and what proof is there and how was it harmful? I think claims around this would collapse. There’s obviously plenty to criticize about Epstein and MIT working with him — and when it comes to digital assets MIT’s work with Gensler and especially its work on CBDCs is much more suspect than the chance that malicious code was pushed through on Bitcoin. Be cautious but this is a nothing burger
3:28

Did Epstein influence Bitcoin core development? Short answer: No. This is not how Bitcoin works. Here’s what happened: Epstein donated to MIT Media Lab…who in turn supported MIT Digital Currency Initiative…which in turn funded Bitcoin developers. These devs used to be funded by The Bitcoin Foundation (which I used to run as volunteer Executive Director) there are many devs and no dev or team had power or control over Bitcoin. Under MIT’s patronage the devs had the same deal they had with us at The Bitcoin Foundation: that they could work on the code and not have direction from the org. More importantly — how Bitcoin works is that *even if* a dev was compromised then the nodes and miners would still have to run that code to make it included in Bitcoin. So for example if I had somehow asked the devs paid by Bitcoin Foundation to “add 1000 coins for Bruce” 1) they wouldn’t have done this / it would have been counter to our agreement 2) no miners would run that code & no nodes would recognize it. It would be a laughing stock and completely rejected. Does this mean code dev is not an attack vector? No. It’s still a risk. Particularly with nation state style actors and very careful efforts to co-opt which are much more sophisticated than “give Bruce coins” or something. This is one reason I’m cautious of Bitcoin core funding - especially from actors who’ve had bad judgment in the past. I think we should be cautious of who does the dev and view it as an attack vector. Bitcoin code is transparent and has lots of eyes on it. So in this case especially there isn’t even a solid accusation, let alone evidence that MIT directed nefarious code changes. If that was an allegation the first question should be: well what code specifically did MIT direct and what proof is there and how was it harmful? I think claims around this would collapse. There’s obviously plenty to criticize about Epstein and MIT working with him — and when it comes to digital assets MIT’s work with Gensler and especially its work on CBDCs is much more suspect than the chance that malicious code was pushed through on Bitcoin. Be cautious but this is a nothing burger

Bruce Fenton

232,025 просмотров • 7 месяцев назад

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!
1:57

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!

Gareth Jenkinson

34,417 просмотров • 9 месяцев назад

"For every 10% Bitcoin goes down, your rate goes up 20 basis points. So even if Bitcoin goes to zero, your rate only increases by 2%. And it works the other way too" CJ Konstantinos, founder of Peoples Reserve, on how the self-repaying mortgage rate moves with Bitcoin "So, even if Bitcoin went to zero, it's just like a regular mortgage at that point, because you have no Bitcoin working for you anymore. We don't believe Bitcoin goes to zero, but if it did, that would be the consequence" "For every 10% Bitcoin goes up, we reduce your rate by 0.2%, up to a 33% LTV, a 300% collateral ratio. If your loan is $500,000 and you post $1.5 million of Bitcoin, or your original $500,000 grows into $1.5 million, we reduce your rate by 400 basis points. So if you're basic with an 8% starting rate but you over-collateralize, you get a 4% rate" "We believe over time Bitcoin will do what it was engineered to do and accrue value. Intraday volatility doesn't matter, it's a 30-day window. At the end of every month before your payment is due, we take a snapshot. So if Bitcoin flash crashes and bounces back, no change to your rate, it has to be a consistent drawdown over 30 days, and we reamortize the loan based on the collateral ratio at that time"
2:08

"For every 10% Bitcoin goes down, your rate goes up 20 basis points. So even if Bitcoin goes to zero, your rate only increases by 2%. And it works the other way too" CJ Konstantinos, founder of Peoples Reserve, on how the self-repaying mortgage rate moves with Bitcoin "So, even if Bitcoin went to zero, it's just like a regular mortgage at that point, because you have no Bitcoin working for you anymore. We don't believe Bitcoin goes to zero, but if it did, that would be the consequence" "For every 10% Bitcoin goes up, we reduce your rate by 0.2%, up to a 33% LTV, a 300% collateral ratio. If your loan is $500,000 and you post $1.5 million of Bitcoin, or your original $500,000 grows into $1.5 million, we reduce your rate by 400 basis points. So if you're basic with an 8% starting rate but you over-collateralize, you get a 4% rate" "We believe over time Bitcoin will do what it was engineered to do and accrue value. Intraday volatility doesn't matter, it's a 30-day window. At the end of every month before your payment is due, we take a snapshot. So if Bitcoin flash crashes and bounces back, no change to your rate, it has to be a consistent drawdown over 30 days, and we reamortize the loan based on the collateral ratio at that time"

The Wolf Of All Streets

90,567 просмотров • 1 месяц назад

Bitcoin is money AND digital gold. The two are not mutually exclusive. For Michael Saylor - it's the purest form of digital credit. For David Marcus - it's the payment rails of the future. "No one cares what humans think about how people need to Bitcoin because it's an unopinionated, code-based money platform." The Lightspark founder is forging ahead with building Bitcoin-based payment rails, while Saylor and Strategy are doubling down on Bitcoin-backed financial products. "I'm really grateful that Michael is really focused on the store of value use case, and he can do that, and I can be the one focused on bringing utility to Bitcoin. Both things will actually help one another to make Bitcoin more relevant to many more people and that's the beauty of building on an open network," Marcus told Robert Baggs and me on our latest Chain Reaction show. Marcus has been keenly focused on abstracting complexity away from payments using Bitcoin payments infrastructure with the launch of Lightspark Grid. "It's like Bitcoin as a network being used to move all kinds of other money, whether it's stablecoin or fiat at the edges, and you don't even understand that you're using Bitcoin. For instance, if you're a SoFi client in the US, and you want to send money to Europe or India, Brazil or Mexico, you send dollars and the other person on the other side receives Mexican peso, you have no clue you're using Bitcoin. And it's like magical TCP/IP for money between payment systems in the world." Bitcoin infrastructure works. Like most widely adopted technologies, the average person has no idea what's going on under the hood. That is the future that takes Bitcoin global. And it's being built in real-time.
4:50

Bitcoin is money AND digital gold. The two are not mutually exclusive. For Michael Saylor - it's the purest form of digital credit. For David Marcus - it's the payment rails of the future. "No one cares what humans think about how people need to Bitcoin because it's an unopinionated, code-based money platform." The Lightspark founder is forging ahead with building Bitcoin-based payment rails, while Saylor and Strategy are doubling down on Bitcoin-backed financial products. "I'm really grateful that Michael is really focused on the store of value use case, and he can do that, and I can be the one focused on bringing utility to Bitcoin. Both things will actually help one another to make Bitcoin more relevant to many more people and that's the beauty of building on an open network," Marcus told Robert Baggs and me on our latest Chain Reaction show. Marcus has been keenly focused on abstracting complexity away from payments using Bitcoin payments infrastructure with the launch of Lightspark Grid. "It's like Bitcoin as a network being used to move all kinds of other money, whether it's stablecoin or fiat at the edges, and you don't even understand that you're using Bitcoin. For instance, if you're a SoFi client in the US, and you want to send money to Europe or India, Brazil or Mexico, you send dollars and the other person on the other side receives Mexican peso, you have no clue you're using Bitcoin. And it's like magical TCP/IP for money between payment systems in the world." Bitcoin infrastructure works. Like most widely adopted technologies, the average person has no idea what's going on under the hood. That is the future that takes Bitcoin global. And it's being built in real-time.

Gareth Jenkinson

19,181 просмотров • 7 месяцев назад