Humble Bitcoiners!
It's Friday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
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| Today's Rundown: Interoperability: Twitter enables tipping with Bitcoin. Inside El Salvador: Reflection on the good and bad of state-sponsored bitcoin adoption. Developer Grants: BitMEX announces two grants for Bitcoin developers Let's do this. |
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Jack Dorsey's Twitter Roll Outs Bitcoin Lightning Tips For iOS Users
By Alex McShane
On Thursday, Twitter officially enabled third-party bitcoin tipping services, such as Strike, through iOS users’ profiles on their platform.
With this feature Twitter/Strike users can receive tips, as long as the user has access to one of the platforms which allow receiving dollars or bitcoin, while the sender could be sitting anywhere in the world and simply scan a QR code from any custodial or non-custodial lightning wallet.
This is another revolutionary move by Jack Dorsey, utilizing Strike's API, which is natively integrated to interoperate with the Bitcoin network. This became possible because at the same time, Jack Mallers, CEO of Strike, has decided to make Strike's API available for use for everyone.
What we are seeing is the game theory effect, as the incentives to join the bitcoin network keep on growing. When we have public or private company adopt the bitcoin network or the asset, the effect is additive. New members make the entire network more attractive, and generates an increasing the amount of capital inflows to the ecosystem guaranteeing the success of the asset. |
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LEARN BITCOIN. EARN BITCOIN. |
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Inside El Salvador's Bitcoin Law Implementation
By Peter Chawaga
Bitcoiners who were in El Salvador as its Bitcoin law was implemented reflect on the good and the bad of state-sponsored Bitcoin adoption
If you haven't been following the Twitter Spaces from Bitcoin Magazine, it is a good time to reconsider. This week people got together to talk about how El Salvador's bitcoin law implementation took place and how it was experienced from inside the country.
The experience of the rollout can be seen from different perspectives, and even though it is now widely available and regulated, it is a new technology for most of the population, and as many of us may remember, it can be a bit scary at the beginning. Aaron's Experience: The whole movement going on in El Zonte is inspirational. With the rollout, even though it is not widespread yet, there is a transition going on. Big corporations such as McDonalds and Pizza Hut franchises are accepting Bitcoin as payment. Serej's (Bitrefill CEO) Experience: Bitrefill saw a high volume of orders coming from El Salvador on the law’s launch day, saying that the CEO got 40,000 orders in three hours, or an equivalent of ten times what the platform normally sees. Local's experience: After interviews, many locals who are new into bitcoin seem to be confused on how to use the technology, are a bit weary due to the lack of transparency regarding all that was executed. The idea of using public funds for the implementation, doesn't sit well to many, and on the first days of the rollout, the Chivo Wallet went through distinct hurdles. The biggest challenge seems to be education, but at least the technology is open and implemented. The next steps mark the slow transition into the hardest monetary network ever existed. |
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Click the links:
1. The defenders of monetary freedom must continue to fight for bitcoin against the powers of evil.
2. Public channel capacity on the Bitcoin Lightning network continues to explode, hitting another all-time high of 2,738 bitcoin.
3. Bitcoin will truly drain the swamp if the incentives behind politics change.
4. Bitcoin Magazine Podcast: A Panamanian legislator and entrepreneur discuss the country's efforts to legalize bitcoin and cryptocurrencies.
5. Bitcoin Magazine: We are expanding our reach in Eastern Europe and the greater Commonwealth of Independent States (CIS) region by opening up a bureau in Kyiv, Ukraine. |
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BitMEX Announces Two New Grants To Bitcoin Developers
By Namcios BitMEX, the bitcoin exchange has announced the addition of Rene Pickhardt and Chris Coverdale to the open source Bitcoin developer grant program, reaching a total of six open source developers. The support will cover them for the next eight months with an amount of $33,333 each, to work on research related to The Lightning Network and Bitcoin Mining. Rene Pickhardt, will work on improving the reliability of the Lightning Network's payment process. With an attempt to implement a library that can be leveraged by nodes, wallets and services providers in the Lightning Network.
Chris Coverdale, will focus on bitcoin mining, building an implementation of Stratum V2 bitcoin mining pool protocol, allowing end miners to select transactions and contract blocks themselves, rather than delegating these choices to mining pool operators, a way to avoid censorship.
“We’re proud of our long term commitment to Bitcoin and open source technology. We are delighted to welcome Rene and Chris to the program and will continue to support Bitcoin development for years to come.” - Alex Höptner, BitMEX CEO
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By Captain HODL
With so much going on in the Bitcoin Space, it is difficult not to talk about bitcoin. I mean, Twitter just enabled tipping in bitcoin through the Lightning Network.
Things are getting more interesting by the day!
Keep stacking! |
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