Another Step Towards a P2P Lightning Economy

“If you ask me how much trust is right for the Lightning economy, the answer will always be less.” – Roy Sheinfeld

Today we dig into the recently implemented reverse submarine swaps in the breez lightning service.  One of the many tools we have for both mitigating, and also building trust in the new economy. How exactly do submarine swaps work, what’s a HODL invoice, what might they mean for the future of Lightning, and how is Breez using them?  All this any more in today’s article by Roy Sheinfeld!

Check out the original below and be sure to drop some claps over at Medium:
https://medium.com/breez-technology/reverse-submarine-swaps-another-step-towards-a-p2p-lightning-economy-bacb040fdca7

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Bitcoin2020 with CK_Snarks!

Today I get hyped with ck_SNARKs of BTCMedia and have the opportunity to pick his brain for all the exciting stuff happening at the Bitcoin2020 conference in San Fran! With only a month left its time to get serious about it. Stay to the end if you want to hear how you might save some sats on your tickets!

Follow CK on Twitter so you don’t miss the announcements and incredible things happening with the BTCMedia gang!
https://twitter.com/ck_SNARKs

Don’t forget to check out the episodes with BitcoinTINA for “How to Think About Investing in Bitcoin”
Part 1: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000464887385
Part 2: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000465558525
Part 3: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105?i=1000466261125

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Bitcoin Cannot be Banned

Bitcoin Cannot be Banned

“By design, Bitcoin exists beyond governments. […] The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it.” – @parkeralewis

The next in the Gradually, Then Suddenly series not to be missed. Governments will not ban Bitcoin until it’s apparent that it actually presents a threat to their own currencies, when that happens and under that pretense, they will face the ultimate Prisoner’s Dilemma, & the only winning move is to play.

Link to the original article at Unchained Capital along with the rest in this incredible series by Parker Lewis!
https://unchained-capital.com/blog/bitcoin-cannot-be-banned/

Don’t forget to subscribe and support the Audible of the Bitcoin space! You can do so through tippin.me on Twitter, or becoming a patron below!
patreon.com/thecryptoconomy

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How Decentralization Dies

“Decentralization has […] been a vessel for achieving a concession from a centralized body it is protesting. Every decentralization play has followed a simple pattern: protest a market inefficiency, win that protest via a major concession, and then disappear back to fringes of society.” – Brandon Arvanaghi

What can we learn from the history of decentralized protocols and the huge battles of history during the disruption of the internet, versus the corporate and media giants of the day? Does it spell doom for Bitcoin and decentralized systems as the central banks & financial giants concede to give control back to the customer? Or is there something else entirely at play? Don’t miss this great read and then Guy’s Take on how Decentralization Dies!

Don’t forget to drop some applause on the original article and follow Brandon on twitter for more insights like this one!
https://medium.com/@brandonarvanaghi/how-decentralization-dies-the-killer-concessions-86dd1ca86da3
https://twitter.com/arvanaghi

A huge thank you to all of my patrons for contributing to this project and helping to promote this show! I couldn’t do it without you. A special thanks to SovereignFinancials for such a generous donation!

Join the crew and become a patron at Patreon.com/thecryptoconomy

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Why Proof of Reserves is Important to Bitcoin

Why Proof of Reserves is Important to Bitcoin

“Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. […] The technology to provide auditability and transparency for bitcoin held in custody has been inherent to the protocol from its inception. However, the industry has been slow to incorporate”  –Mauricio Di Bartolomeo

Bitcoin, as a new asset class, provides us with one of the most powerful tools for financial security in a custodial context: cryptographic proofs of reserve. We would be foolish to not make use of it. Let us not repeat the mistakes of the past.

Another great piece from Bitcoin Magazine to shine light on a critical issue for a future with sustainable sound money. Don’t miss the short article and Guy’s take to follow! Link to the original below:
https://bitcoinmagazine.com/articles/why-proof-of-reserves-is-important-to-bitcoin

A huge thanks to the LTBNetwork. Don’t forget to check out the tons of other great shows on their platform!

Other’s mentioned in the show:
2019 Saw the Most Exchange Hacks Ever:
https://bitcoinmagazine.com/articles/2019-saw-most-exchange-attacks-ever-with-hackers-becoming-more-savvy
Nic Carter’s Tweets on PoR
https://twitter.com/nic__carter/status/1229599601440829440?s=20

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We’re All Default Keynesians Now

“Unless you began your Austrian economic education at birth in some unknown Austrian paradise, on this planet at this particular time in human history, I think we can safely say we鈥檙e all Keynesians by default.” – Brady Swenson @citizenbitcoin

Today we read a great little piece on how our economic understandings have become so skewed, why the default has become one of centralized, top down control over money, and how Bitcoin is set to right the world of our economic foundations. We’ve got a fun rant after this one too, so don’t miss it!

Check out the original article and drop some major applause. Don’t forget to follow Brady on Twitter and check out his show as well!
https://medium.com/@citizenbitcoin/were-all-default-keynesians-now-and-how-bitcoin-is-changing-that-886ed2096b76

Get your “Default Keynesian” shirt here:
https://layeronebtc.com/collections/citizen-bitcoin-podcast/products/default-keynesian-short-sleeve-unisex-t-shirt

Saif’s Beginner’s Guide to Austrian Econ:
https://saifedean.com/2018/07/22/a-beginners-guide-to-austrian-economics/

Stephan Livera’s Intro to Bitcoin Austrian Thought:
https://stephanlivera.com/episode/71/

And the huge collection of works at Gigi’s Bitcoin Resources:
https://bitcoin-resources.com/

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