Paying Yourself for Privacy on Lightning?

Paying Yourself for Privacy on Lightning?

“The Lightning Network is best known for its fast and cheap payments. But the Layer 2 protocol could also offer more privacy than on-chain payments […] the developer thinks that “self-payments” could be an important part of the privacy puzzle.”  – Aaron Van Wirdum

Despite its focus on payments and scaling the Bitcoin system, Lightning may have incredible potential for privacy opportunities and improvements. Pseudonymous developer ZmnSCPxj has been detailing and expanding on these concepts in recent months, and who better to lay it all out for us than BitcoinMagazine, and Aaron Van Wirdum? Don’t miss today’s article on a new trick of payment privacy for Lightning…

Paying Yourself? Self-Payments Could Be a Key to Lightning Privacy
https://bitcoinmagazine.com/articles/paying-yourself-self-payments-could-be-a-key-to-lightning-privacy

A big thanks to Bitcoin Magazine and the Let’s Talk Bitcoin Network for making this content available! 

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Bitcoin is Not a Pyramid Scheme

Bitcoin is Not a Pyramid Scheme

“Not everyone understands what a pyramid scheme actually is, what the warning signs may be, or why such schemes always fail […] The distinctions should be glaringly obvious, but because bitcoin is complex and the very idea of money is not well understood, it can easily be confused.” – Parker Lewis

Today we are diving back into the Gradually, Then Suddenly series from Unchained Capital with an excellent breakdown of what Bitcoin is, and what it isn’t. Starting with the both obvious, yet not so obvious truth, that it is certainly not a pyramid scheme! Don’t miss another incredible installments by Parker Lewis.

Original Article and the rest of the series below:
https://unchained-capital.com/blog/bitcoin-is-not-a-pyramid-scheme/

Other great pieces mentioned both in the article, and in the commentary:
• Everyone’s a Scammer:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_267—Everyones-a-Scammer-Michael-Goldstein-e4ihq8
• Bitcoin Has No Intrinsic Value:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249—Bitcoin-Has-No-Intrinsic-Value—Thats-Great–Conner-Brown-e43bcm
• Use of Knowledge in Society
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2—F–A–Hayek-e444k0
• A Story of Booms & Busts
https://anchor.fm/thecryptoconomy/episodes/GuysTake_18—A-Story-About-Booms–Busts-e4aflh

If you’d like to support this show and become a patron, click the link below!
www.patreon.com/thecryptoconomy

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Of Course You Can Own Bitcoins

Can you really own Bitcoins? Or do you merely have possession of keys that grant a high probability of exclusive control?

A fun short read to close out the week, from the Bitcoin Rabbi on defining what it means to own or possess bitcoin. Check out the original article below on medium and drop some applause, and follow The Bitcoin Rabbi on Twitter!
https://medium.com/@thebitcoinrabbi/of-course-you-can-own-bitcoins-dedcfc0c2e49

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Paying Yourself for Privacy on Lightning?

The Rise of SIM Swapping

“For the better part of the last decade, the combination of these two practices has given rise to an increasing number of SIM swap attacks ending in the theft of bitcoin and other cryptocurrencies.”David Hollerith

Another piece from BitcoinMagazine.com, this one by author and podcast host David Hollerith, that breaks down the risks and details of SIM swap attacks and how you may be vulnerable to losing your bitcoins, simply by revealing your phone number.  Don’t miss this piece detailing out the attack, and listing out the Do’s and Don’ts of Bitcoin security.

Check out the original plus a ton of other great recent articles over at BitocinMagazine.com:
https://bitcoinmagazine.com/articles/the-rise-of-sim-swapping-how-and-why-bitcoiners-need-to-protect-themselves

Also recommended is Michael Perklin’s article to go along with this one:
https://bitcoinmagazine.com/articles/keep-your-bitcoin-safe-by-making-security-a-habit

I also mentioned Jameson Lopp’s extreme testing of the bitcoin steel wallets, a great read below:
Part 1: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test/
Part 2: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test–part-ii-/

And don’t forget to subscribe and share this show with everyone you know in Bitcoin. If you would like to join the Telegram group, become a patron below!
www.patreon.com/thecryptoconomy

Lastly, a big thank you to Dave, Bitcoin Magazine, and the LTBNetwork for the incredible work and spreading the show!

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Bitcoin is Not a Pyramid Scheme

All 21M Bitcoin Already Exist

“we have nearly 11 years of empirical evidence that the network itself has been holding and transacting bitcoin, but instead of with private key signatures, it’s in exchange for hashed electricity.”  – Phil Geiger

Framing the scarcity of Bitcoin at first seems obvious, but with a closer look, is far more difficult than it would seem. Does the supply actually inflate at all? Does the market price in all future halvings? Do the Bitcoin exist when they are mined, or do they exist today, sold to the miners in exchange for hashes?  Phil presents a very interesting perspective and way of framing the supply of Bitcoin, in this great piece from the Unchained Capital Blog.

Check out the original below, and don’t forget to follow Phil on Twitter:
https://unchained-capital.com/blog/all-21-million-bitcoin-already-exist/

Support the audio for all things Bitcoin by becoming a patron below!
patreon.com/thecryptoconomy

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Strike! By Zap

Strike! By Zap

An exciting development form the extraordinary team over at Zap and the Mallers Fam! The seed of the infrastructure inversion has landed, and its’ called Strike!

Don’t miss the details on this incredible development and join the beta if you want to test out and provide feedback for this product over at strike.zaphq.io. This is a project to keep a very close eye on. Follow @jackmallers on Twitter so you don’t miss the revolution 😉

Drop some hella applause on the article below:
https://medium.com/@JimmyMow/announcing-strike-by-zap-4f578c7c8984

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