Wednesday, January 25
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Cryptocurrency

Millennials Only Want To Be Home Owners – Bitcoin Magazine

Millennials Only Want To Be Home Owners – Bitcoin Magazine

Cryptocurrency
[ad_1] This is an opinion editorial by Andy LeRoy, the founder of Exponential Layers which is a Lightning Network analytics platform and explorer. This beautiful three bedroom, 1.5 bath house in Charlotte, North Carolina, is a millennial’s dream. Complete with a backyard and a porch for enjoying a coffee, it is in a prime neighborhood just down the street from a brunch spot with an all-day avocado toast special. For just $730,000, it can be all yours.We all recognize this house is expensive. A $4,000 monthly payment, even after putting $150,000 down, would represent nearly 70% of the median U.S. household income, and this house is about 1.7 times higher than the U.S. median home price of $440,000.Why Is This House So Expensive?The house was built in 1938, and its latest available records ...
Why We Need A Monetary Constant – Bitcoin Magazine

Why We Need A Monetary Constant – Bitcoin Magazine

Cryptocurrency
[ad_1] This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.”If life could be described as some form of anti-entropic force, then humans could be regarded as the most advanced, complex structure that has emerged from it (at least that we’re certain of).This force of “life” seems to transform chaos into order. It manifests as the very edge line of this universal substance we call energy and like “energetic fingertips,” it reaches for greater order. In this sense, we are the very fingertips of life.It’s an extraordinary thing to think about.I know I risk getting a little “woo-woo” here with all the energy talk, but I do mean it seriously and in the physics-like sense of the word.We ar...
Bitcoin Could Never Be Invented In A University – Bitcoin Magazine

Bitcoin Could Never Be Invented In A University – Bitcoin Magazine

Cryptocurrency
[ad_1] This is an opinion editorial by Korok Ray, an associate professor at the Mays Business School of Texas A&M University and Director of the Mays Innovation Research Center.Since the announcement of its inception in October 2008, Bitcoin has reached a market capitalization of over $1 trillion. Its growth has drawn both retail and institutional investment, as the financial community now begins to see it as a legitimate store of value and an alternative to traditional assets like gold. Innovations in second-layer settlements like the Lightning Network make it increasingly possible for bitcoin to serve as a medium of exchange. Yet, Bitcoin has a precarious and somewhat checkered history in academia. Curricula in universities are largely devoid of any mention of Bitcoin. Instead, the ...
Is Bitcoin Next After Tornado Cash? – Bitcoin Magazine

Is Bitcoin Next After Tornado Cash? – Bitcoin Magazine

Cryptocurrency
[ad_1] Despite being an automated, decentralized version of a typical cryptocurrency mixer, Tornado Cash was sanctioned by the U.S. government last week as the Treasury Department’s Office of Foreign Assets Control (OFAC) added Ethereum addresses associated with the tool to its specially designated nationals and blocked persons (SDN) list.Much has been written about the legal aspects of the Treasury Department’s move. Instead of embarking on –– arguably much needed –– advocacy to dispute the legal grounds of such a move, this article seeks to objectively explore the technical intricacies of Tornado Cash and its sanction, as well as evaluate potential risks that could bleed into Bitcoin in the future.How Tornado Cash WorksAt its core, a mixer receives users’ cryptocurrency deposits, which ...
Intermittent Bitcoin Mining Fixes Energy – Bitcoin Magazine

Intermittent Bitcoin Mining Fixes Energy – Bitcoin Magazine

Cryptocurrency
[ad_1] Many aspects of the bitcoin mining industry are poorly understood and often misrepresented. But there is one practice in this sector that is characterized by the misunderstanding and underappreciation that surrounds it: intermittent mining. While most miners aim to achieve the same Playback time As technically possible - meaning their hardware is online and hashing rather than offline or turned off - some miners don't. Instead of continuous mining, their uptime is well below industry standards and operates on more complex schedules built on variables such as energy supply and demand, time of day, daily profitability and even temperature.This article aims to provide a brief but detailed overview of the general economics and operations of spot miners, highlighting some of the disco...
Drivechain Makes Bitcoin The Only Crypto – Bitcoin Magazine

Drivechain Makes Bitcoin The Only Crypto – Bitcoin Magazine

Cryptocurrency
[ad_1] This is an editorial by Nikita Chachinsky, a software developer working on the BIP300 side chains.Drivechain as defined in the BIP300 and BIP301 provides a file Vision For Bitcoin, the following issues are resolved:It provides an alternative to our current contentious political process of changing Bitcoin. Layer 1 rules should never be changed, instead new features are introduced by adding enable side chains.It removes all reasonable arguments in favor of Bitcoin competitors by copying any useful features that they might have, potentially turning Bitcoin into a monopoly in the cryptocurrency market, which is very beneficial for an asset that aspires to be “money.”Provides a feasible way to generate enough transaction fees to support Bitcoin Security budget. This is particularly i...
Real Estate Financialization Is The Problem, Not Bitcoin – Bitcoin Magazine

Real Estate Financialization Is The Problem, Not Bitcoin – Bitcoin Magazine

Cryptocurrency
[ad_1] This is the opening opinion by Jeremy, consultant at Escape to El Salvador, a community of professionals who help expats obtain residency and citizenship in El Salvador.Over the past few years, there has been a lot of fuss about the so-called "crypto colonists" relocating to the developing world and taking advantage of affordable housing and other amenities that disadvantaged locals have to offer. The Washington PostAnd the interested in trade even The New York Times I mentioned from Puerto Rico, throwing around terms like “improvement,” and connecting this new class of wealthy businessmen roving around the world with words like “utopia,” “ideal,” and less-than-thin “missionary.”Now, I'm not here to advocate for any particular individual or how they make their money, or even what ...
Centralization, Risks And Flaws Of Ethereum Merge – Bitcoin Magazine

Centralization, Risks And Flaws Of Ethereum Merge – Bitcoin Magazine

Cryptocurrency
[ad_1] The below is a full free article from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.The MergeOn September 15, Ethereum is planning to undergo its long-promised “Merge,” where the protocol will shift from a PoW (proof-of-work) consensus mechanism to a PoS (proof-of-stake) consensus mechanism. In this report, we will provide details on how the proof-of-stake mechanism works for Ethereum, using technical definitions provided from Ethereum documents. Second, we will evaluate the move to proof-of-stake from first principles, which will include an explanation as to why much of the reasoning for the move is possibly fla...
Timeline Of Hodlonaut, Craig Wright Case – Bitcoin Magazine

Timeline Of Hodlonaut, Craig Wright Case – Bitcoin Magazine

Cryptocurrency
[ad_1] This is an editorial by Elsa Waldorf.On September 12, 2022, a seven-day trial will begin in Oslo, Norway between Craig Wright and Bitcoiner who goes by the pseudonym, hodlonaut. Readers may be familiar with the name Wright, as well as the astronaut "space cat" on Twitter. This article will give an overview of why this case is important other than the nouns involved. team in BTC defensea community campaign to raise money for legal fees, researched the timeline of the case to collect game after game around the story so far and made the reader familiar with the details of the case. Craig Wright Claims to Invent BitcoinOver the years, various people have come forward and claim to be Satoshi Nakamoto, the person or group with the pseudonym that published the Bitcoin white paper in 200...
Americans Just Don’t Understand Bitcoin – Bitcoin Magazine

Americans Just Don’t Understand Bitcoin – Bitcoin Magazine

Cryptocurrency
[ad_1] This is an editorial by Daniel Feldman, CEO of Green Block Mining.In 2016, after I sold a gaming company I founded with a high school friend to a group of former Amaya/PokerStars CEOs, I was looking for the next thing to do. In 2017, I discovered Bitcoin. I would like to argue with my brother-in-law and my father-in-law about the effectiveness of cryptocurrency, but I could not effectively support my position. So, to learn more and be able to better defend my pro-crypto stance, I started the Blockchain and Cryptocurrency Meetup in New York City. She moderated discussions with coordinating speakers and hosted a post-meeting dinner, allowing time for further discussion and networking. The encounter became popular. Investment banks, family offices, funds, start-ups, friends and ...