"A reality check on the limitations of Lightning Network, and what that means in terms of its long term viability.... more

Nodeless is dead. Long live Nodeless. Unfortunately the Nodeless payment service has had to shut down, but for anyone who... more

"Clients applying this reasoning should remember that, in bitcoin, no one is too big to fail. There is no government... more

"A recent anonymous proposal specifies a system using timelocked Bitcoin transactions and chaumian ecash mints to create an economic incentive... more

"The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in... more

The election of Javier Milei is unlikely the be the next El Salvador, but I don't think it needs to... more

"The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream... more

"Ultimately, my goal with Coinos is to make Bitcoin a super simple user interface for "normies" to be able to... more

Is Bitcoin destined to become another fiat system? Where we end up in a world where the dominant instrument isn't... more

"Unique to the emergent Bitcoin financial system is the application of cryptography to fundamental financial functions. Novel technologies exist, are... more

LIGHTNING IS DEAD! Did you hear about the new exploit discovered that may be the "nail in the coffin" of... more

"We have no interest in causing confusion, mistakes, or deception. That sounds more like a job for those responsible for... more

It's often said that Bitcoin is too limited, that you can't build anything interesting on top of the Bitcoin chain...... more

"Will Bitcoin adoption improve the monetary policy behaviors of the Federal Reserve? I submit that it won’t. I do not... more

"Timeout Trees is a very concrete and specific proposal for a channel factory design that actually attempts to address the... more

We are diving back into the Bitcoin basics series today! Now that we understand how bitcoin works, what is important,... more

"After four years of work, James O'Beirne's assumeutxo option to allow instant UTXO set bootstrapping for your Bitcoin node is... more

"There used to be tradeoffs between Lightning and fiat: UX vs. sovereignty; UX vs. speed; UX vs. cost; off-the-shelf fiat payment... more

"It requires no consensus changes to Bitcoin at all. The trick is lifting all of that logic off-chain and being... more

I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability, because today we continue our FUD... more

Obi Nwosu, co-founder and CEO of Fedi, joins us today to talk about the new innovations and challenges in decentralising... more

"With Bitcoin, lives and money are at stake. Interruption of its service can cause a cascade of losses and unintended... more

"Our existing financial system is a mirage of wealth and liquidity, sustained by an ever-expanding money supply. Bitcoin emerges as... more

In this episode, I talked with Zack ₿omsta, the visionary leader behind Pivotal Pleb. Pivotal Pleb is on a mission... more

"Today historians focus on the symptoms of Rome’s fall, the consequences: The moral decay, the economic decline, the fall in... more

"If the merchant wants the bitcoin and you pay in fiat_, that is you shifting the burden of fiat friction... more

"Take the idea of proof-of-stake as a base layer consensus mechanism, and throw the idea away for right now. That's... more

"This has been one of the most effective psychological operations that has ever been conducted on the public in human... more

Today we sit down with Utxo, founder of Nodeless, on understanding the design space for Bitcoin services, the challenges of... more

"It means that, given an open-source model, this could help bring about the ability to: Independently calculate the price... more

A deflationary money is going to destroy the economy! If the value of money keeps going up, then no one... more

"Everything about the concept of a social network and the incredible potential and beauty of #nostr as a protocol is... more

"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of... more

"I believe it’s important to go back to what this sovereignty is made of. Bitcoin works because an economic majority... more

"To not die, Bitcoin must become more used. The current thesis accepted by most “maximalists” is that Bitcoin will continue... more

"Often overlooked is the importance of interoperability between not only the second-layer protocol and Bitcoin but the layer-2 protocols themselves.... more

"When reading a draft of this post, my wife got kind of depressed right around here. Her macabre question, basically,... more

"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to... more

"While bitcoin is still mainly seen as digital currency, it’s essentially a timestamped log with special properties. As such, it... more

With so many common misconceptions about money, how can we possibly make sense of Bitcoin for customers who have spent... more

"A successful blind merge mined sidechain with significant MEV opportunities could offer Bitcoin significant benefits, which could more than offset... more

We have an incredible chat today with Pablof7z who is on a mission to make Nostr the global, decentralized marketplace.... more

"Talk to a bitcoin maximalist – someone who believes that bitcoin is the only digital asset with innate value – and, more... more

"Bitcoin is often referred to as a secure timestamping service. We never had a global record of truth with trustworthy... more

"Bitcoin represents the explicit encoding of previously implicit values of the tech community. It's not just software — it is... more

"Some networks are “smart.” They offer sophisticated services that can be delivered to very simple end-user devices on the “edge”... more

"The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that... more

"To do our best to minimize the economics jargon once again, we might simply ask: what are you going to... more

"While many of the innovations in the space are new, they’re built on decades of work that led to this... more

"Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The... more

Ai agents are going to be able to seek out, delegate, and pay for micro services from an ecosystem of... more

"Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made... more

"Your barber or stylist likely has the broadest network of anyone you know. People from every walk of life, including... more

We recently had Aleks Svetski back on at Ai Unchained to discuss the project we hinted at in episode 2... more

"Neither a startup nor a bank will ever be able to cost-effectively compete on a global scale with the Lightning... more

"Investing in bitcoin, we believe, is like having the ability to buy shares of a general “Internet ETF” back in... more

"bitcoin is a protocol stack which we can expect to be expanding for many decades, and its foundation is that... more

"...At some point the entire financial system becomes a wholly owned subsidiary of the Federal Reserve" — Peter St. Onge Today... more

"Expect BlackRock to turn around and shill this to banks, and in particular big banks, such that JPMorgan, for example, can itself... more

"The more wonderful something is, the more passion it will arouse. Bitcoin is among the greatest wonders of the late-modern... more

"What is Bitcoin? Many have attempted to answer this question, but I believe that our quest to do so is doomed... more

"Zapvertising has two forms, and I believe there is a crucial difference between the two. In one version, a company... more

With the banking crisis just getting started, with the SEC going after Binance and Coinbase, with rumors of Prime Trust... more

"Nostr isn't just a social network, in a similar way that Bitcoin isn't just a transaction network. Both of these... more

"Much like how two nuclear bombs ended World War II, capital-crushing central bank policy rate hikes and Russian sanctions were... more

"Price inflation is the highest it’s been in decades. Labor participation is the lowest it’s been in decades. Wealth inequality... more

"The idea of a language user interface as the next step from the thumb tapping we’ve become used to over... more

With the Introduction of Ark, the new 2nd layer payments and privacy protocol introduced with Read_734. I left with a... more

This episode will be part review, and part just going over some very practical, step by step ways to think... more

"Ark is a trustless, distinct layer two protocol with unilateral exit. ASPs cannot steal users’ funds or link senders &... more

"an unbounded number of assets can be minted and/or moved in a single on-chain transaction. This off-chain first design enables... more

Welcome to the first episode of AI Unchained, a new show exploring how AI technology can be a means of... more

"Permission can only be denied if it is requested. Direct, peer-to-peer interaction obviates permission and equalizes market power. Don’t request... more

"The biggest complaint members of my audience make about Nostr is the sheer dominance of Bitcoin content. This is understandable. Nostr uses... more

"Bitcoin transaction fees limit network abuse by making usage expensive. There is a cost to every transaction, set by a... more

"This very dominance is causing certain countries to seek a way to be less dependent on the USD and the... more

"The question of who controls the ability to merge code changes into Bitcoin Core’s GitHub repository tends to come up on a recurring... more

Bitcoin is a public good. The maintenance and stewardship of the network rests on the conviction and work of 10s... more

"The fall of First Republic Bank was the second-largest bank failure by assets in US history, putting us in the... more

"If Tor is an anonymous remailer, meaning a protocol facilitating the anonymous forwarding and receiving of messages between peers, Nostr... more

"Banks are highly regulated public-private partnerships in an environment where new charters are excruciatingly hard to obtain, and as such... more

"The title of this book may evoke the kind of question that i hear once in a while: "Why do... more

"Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to... more

"I believe that in the open /attention/ information economy we find ourselves in, value will mostly derive from effective curation,... more

"Can you imagine a world in which you are restricted from buying meat for a while because you have already... more

The Lightning Network finally strikes in this Bitcoin Basics episode! Now that we understand the fundamentals of keys, wallets, transactions,... more

"This was how more mainstream Bitcoin culture degraded from intellectual expressions of ideas (2017-era debates) to tribal recreations of the... more

"“In the old days they didn’t even use tables and chairs. They sat on beer crates and ate off the... more

"Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a... more

"Generally, what we’re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled “Shadow Banking”... more

Prices are relative, Bitcoin is infinitely scalable, stability for the sake of stability is undesirable, maximal instability in prices maximizes... more

"and the uniparty is in strong agreement here. both know that losing control of the money and the banks is... more

"Thus was the dubious “clear and present danger” standard born. Holmes himself sought to redefine the standard later that same... more

Bitcoin is ultimately just a piece of software, the network – the global, censorship resistant, immutable system – is ultimately... more

"The question that the fiat system answers is the following: who is allowed to counterfeit currency, and how much? Further,... more

"The financial system in the United States, and for most of the rest of the world for that matter, can... more

I joined John today for an over 2 hour rip on the nature of Bitcoin, numerous technical developments, the trade... more

There is no magic wand. There is no such thing as a free lunch. When we bail out an institution,... more

"One aspect that is still massively under-utilized is the programmability of Bitcoin. While simple things like scheduled payments and automated... more

"One immediate lesson many drew from this event was a reconsideration of the risk of fiat liabilities in an environment... more