💸 Stablecoins On Bitcoin

Developers Can Now Issue Assets Like Stablecoins On Bitcoin
By Namcios

Taro's first version of the open-source software was just released by Lightning Labs. This is finally the alpha release, which allows users to mint tokens and receive assets on the Bitcoin blockchain. The release can be found in testnet for now, as it goes through rigorous trials before it can go live on mainnet.

Taro leverages the functionality of Taproot, a major upgrade that went live last year, to enable the issuance of assets in a private and secure manner. In essence the bitcoin transaction looks like a regular one, while allowing the issuance and movement of assets throughout the Lightning Network.

There is still work to be done in terms of code integration from the different Lightning implementations, but the path towards a hyperbitcoinized world is now paved.

A Bitcoiner’s Guide To Proof-Of-Stake
By Scott Sullivan

We know that for most Bitcoiners it can be quite annoying to have to read about what goes on in altcoin land. However, with all the buzz on Bitcoin Twitter about the protocol change of Ethereum to proof-of-stake (PoS) and their repetitive claims of their supposed liberation from the “dirty” and “wasteful” externalities associated with proof-of-work (PoW), we can expect the narrative to become more aggressive in the months to come and we, Bitcoiners, should be ready to punch back.

Learning how PoS works is a really good way to internalize the differences and trade-offs between PoW and PoS. Even though it is very likely that you have already heard about PoS being more permissioned, centralizing and oligarchical, without looking into the details and really diving into the PoS algorithm, it can be quite difficult to illustrate how a PoS system is destined to fail.

The author of this article goes deep into how the PoS algorithm works and explains why it is definitely not a good base for any sound money system.

1. The Designathon takes place October 12-23 and is taking open submission for innovative bitcoin product designs and sponsorships for participant prizes.

2. Swan Bitcoin acquires Specter Solutions, a bitcoin custody provider, enabling them to service its users from the point of initial education all the way through to self-sovereignty while keeping Specter open-source.

3. As fiat currencies crash against the USD, it makes sense to start using bitcoin denominations, even for day-to-day expenses.

4. The Bitcoin Racing team aims to spread Bitcoin adoption at a historical track in the U.K. this October.

5. For a country in which hyperinflation has become an expectation, bitcoin is a potential for real savings.

6. The proof-of-work mechanism in Bitcoin provides security which Ethereum has sacrificed for short-term narrative benefits.

7. Analyzing bitcoin derivatives gives a window into the state of the market conditions and can provide clues for when bitcoin has reached an absolute bottom.

El Salvador To Host Nonprofit Bitcoin Conference With Attendees From Over 30 Countries
By Shawn Amick

El Salvador, the first country in the world to adopt bitcoin as legal tender is hosting the Adopting Bitcoin conference, with more than 110 speakers from over 30 countries gathering to discuss the ways forward towards financial inclusion.

Not so long ago the country hosted an economic summit for central bankers and financial institutions from 44 different countries to learn about financial inclusion through Bitcoin and to introduce them to Bitcoin Beach.

The country is taking serious the objective of becoming the Singapore of Central America, and a beacon for financial inclusion. With an increasing number of conferences and bitcoin educational programs, the world seems to be paying attention to the country's next steps.