Have run these ⚡️ benchmarks on a 64bit RaspberryPi4 with a USB SSD and got relieved that this common setup is not a bottleneck for the Lightning Network.

Find all the details and how to reproduce the results here: github.com/openoms/lightning-b

HW specifics and results comparison:
---
RT @bottlepay
We've been digging a little deeper into Lightning node performance 🤓

Here's what we've fou…
twitter.com/bottlepay/status/1

Peer-To-Peer Is Patriotic.

"Peers freely electing to interact with each other could be used to describe citizens constituting a constitutional republic such as the United States of America or nodes in the nebulous network of Bitcoin."

By @blockbain.

bitcoinmagazine.com/culture/pe

Worth a read; h/t @belcher

coindesk.com/bitcoin-gold-stay

this is an oft-discussed scenario, I tend to think it will be a less significant effect than portrayed in this article; I am probably influenced by the history of bitcoin; I haven't seen evidence that prices are ever lower outside centralized exchanges (the opposite?), seems mostly surmise, not data.

The author may be under-stating the importance of the perfect verifiability (and doesn't understand intrinsic fungibility).

#bitcoin

Learned of this via TFTC h/t @mattodell ;

github.com/armins88/Onion78

there's a short video demo and a slide deck, basically this is a mobile-to-mobile BIP78 payment implementation (interestingly, seems to be iPhone) using onion service for receiver as Joinmarket does. Was part of an MIT hackathon.

Most interesting if this BIP78 implementation makes its way into production mobile wallets, will be a great selling point ...

#bitcoin #payjoin

My GUIX #Bitcoin bootstrapped deterministic build worked. After 4 days compiling through sources it was done.
More information here: github.com/bitcoin/bitcoin/tre
Picture of the small thin client who did it.

@ruud @aral check out chia.net
It uses proof of space (storing large cryptographic proofs to solve lookup challenges) and proof of time (verifiable delay functions). Founded by the creator of bittorrent. Mainnet just recently launched.

Listening to bitcoin newbies asking their questions on CH, I get the impression that they think we never made mistakes along the way.

You basically have to make mistakes while you learn how to Bitcoin.

Embrace it and start the process. Learn by doing.

You don't have to go newcoiner zero to full bitcoiner hero all in one go.

You're allowed to take small baby steps and learn along the way.

e.g. if your coins are on exchange and you're scared about self custody, try a small amount on a phone wallet to get comfortable.

Dollar Cost Average into Bitcoin
btcdca.info

This started as an idea for a weekly microblog series and scope crept into a side project. Recently I’ve had more casual observers asking me how to buy BTC. I turned my notes into this small Hugo site. Rates will be updated every Saturday.

Sharing with the fediverse first, please provide feedback!

@harding ALL CAPS bitcoin social trend is related to some wallets not handling bech32 addresses properly according to case sensitivity spec

The Nevada Innovation Zones proposal seems highly targeted at Blockchains LLC “Ethereum City” project, whose weird ads were plastered everywhere in Prague during the Devcon IV conf

Haven’t heard about it since, but they must be going forward with the idea

medium.com/token-news/blockcha

Decoding The “Bitcoin Full Node Sculpture,” A Cypherpunk Chronometer.

"The Bitcoin Full Node Sculpture is a cypherpunk chronometer, designed to work as a fully-functioning bitcoin full node and block explorer."

Written by @FractalEncrypt.

bitcoinmagazine.com/articles/d

If you’re a developer in 2021 and you’re adding tracking devices from Google, Facebook, etc., to your sites and apps, the one thing you can’t do any longer is to feign innocence. You know exactly what you’re doing and you’re complicit in perpetuating surveillance capitalism.

Bold stance:

If you're running a successful business that's built on top of open-source software and you're neither contributing code to these projects nor donating money to them, you're not only a freeloader, you're actually harmful to the entire movement.

You should take an interest in the sustainability of these projects as they ensure the likelihood of your own success and future.

Every bitcoiner should familiarize themselves with jq. Such a handy tool for so many situations. (considering the ubiquity of json)

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Citadel Infrastructure Cooperative