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Get ready for your daily dose of Bitcoin signal!
📝 Today's Rundown
  • Expanding Functionality: Developers behind leading Lighting Network firms LND, CLN and LDK described how they’re pushing Layer 2 forward at Bitcoin 2022.
  • Mining Transparency: Bitcoin miner Core Scientific announced it would be releasing daily production numbers of self-mined BTC and called for further industry transparency.
  • Pushing For Privacy: Leveraging Whirlpool bitcoin mixing on mobile is an easy way to preserve the censorship-resistant and permissionless attributes of Bitcoin.

⚡ EXPANDING FUNCTIONALITY

How Bitcoin’s Leading Lightning Implementations Are Expanding Functionality
By Shinobi

The lightning network is a second layer payment protocol layered on top of Bitcoin that, using smart contract functionality, enables instant payments across participants. It was initially specified in the BOLT documents and it has evolved greatly over time. Unlike the Bitcoin network, the Lightning Network can’t exactly fork and there is no need to get everyone to agree to a change in order to try something new. As long as the protocol works with the base layer rules, as few as two people can implement new features.

For that reason, the Lightning Network has started to branch out and many firms are working on different implementations that, ultimately, benefit the Bitcoin network improving its scalability, speed, usage price and privacy. In this article, the author describes different lightning implementations such as LND, CLN and LDK.
Read Full Article
💻 MINING TRANSPARENCY

Core Scientific Begins Reporting Daily Production
By Shawn Amick

Core Scientific Inc., one of the largest publicly-traded bitcoin mining companies in North America, announced it would begin releasing daily reports of its self mined bitcoin production on its website.

Darin Feinstein, Co-founder of Core Scientific, mentioned that "How many bitcoin is the company mining on a daily basis?" is one of the most common questions they receive, and believes it increases transparency for the shareholders to have accessibility to these kind of metrics.

In general the bitcoin mining industry seems to follow the same ethos of transparency as the Bitcoin network, by increasing the visibility into the energy sources and now, daily production.

"As market leaders, we encourage this kind of transparency across our industry.” –Mike Levitt, Core Scientific CEO.
Read Full Article

📰 THE DAILY BITS
1. Bitcoin users need to seriously consider their plan for what will happen to their bitcoin when they pass away. Having an estate plan is necessary.

2. Politicians like Ted Cruz often try to force Bitcoin into their political paradigm, but Bitcoin is apolitical and doesn’t fit into any category.

3. In an interview with CNBC, the CEO of Grayscale Investments argued that his company sees the approval of a spot bitcoin ETF as only a matter of time.

4. Bitcoin songsheet: How fiat misaligned values and marred perspectives debased art.

5. The Declaration of Monetary Independence was on display at the largest gathering of Bitcoiners in the world.

6. Sovereignty is subjective, but Bitcoin provides an unique opportunity for people around the world to be more independent with regards to freedom.

☕ PUSHING FOR PRIVACY

The Easiest Way To Whirlpool Your Bitcoin And Preserve Privacy
By Econoalchemist

Privacy is a fundamental human right because, without it, freedom could not truly exist since censorship and coercion could easily take its place. Bitcoin can be as private as its user would want it to be, however, by default, Bitcoin is pseudo-anonymous and all transactions made in its network are public and anyone can look at them. Third parties could easily link the blockchain record and data to users' identities. For that reason, it is crucial to acknowledge that and to do our part to enhance the privacy of our Bitcoin usage.

This article is a great starting point and a very well written guide to improving Bitcoin privacy practices using whirlpool and Samurai Wallet on mobile. Whirlpool bitcoin mixing breaks deterministic links to past transactions and provides forward-looking anonymity so that users can preserve the censorship-resistant and permissionless attributes of Bitcoin. 
Read Full Article

MEME OF THE DAY 
By Serbian Psy-HODL

"All that glitters is not gold." – William Shakespeare

An old age adage, which helps us understand to not let ourselves get carried away by the lust of things around us, or in this case, by the mundane greed that comes attached to all of the other cryptocurrencies with promises of higher yield.

Only bitcoin is real money, just as gold once was.

With love,
Bam

📗 BITCOIN MAGAZINE PRINT
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