December 1, 2017: “Bitcoin breaks $10k” rolls through your newsfeed. You mined bitcoin back in 2010–2011 but forgot about it, opting to focus on your career. As you read the news article, you finally comprehend the surreal notion that you are now a multimillionaire.
At first glance, bitcoin and skateboarding might have as little in common as those rare Buffalo nickels your one unmarried uncle collects and any other extreme sport, like snowboarding.
Microsoft accepts bitcoin. Nobody cares. Why? Because if you want people to give up their bitcoin, you’d better have a damn good reason. Microsoft and other companies that accept BTC don’t currently have that. When you currently spend BTC on something from Microsoft, you a
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, since transactions are not published on Bitcoin’s blockchain, blockchain analysis is largely impossible.
In the first days of February 2020, information technology giant IBM (IBM) announced a wide array of new blockchain initiatives that it is planning as part of a wider effort to develop sophisticated distributed ledger technology.
Lightning Labs, the startup spearheading development of the lnd Lightning Network client, today announced a $10 million Series A funding round, led by Craft Ventures. Accompanying the announcement, Lightning Labs also released its Lightning Loop service in beta, marking the co
Using a phone number for identity authentication is a bad operational security practice. Handing over bitcoin to a third party like a cryptocurrency exchange or lending service also reduces security — “not your keys, not your coins” is a security recommendation often shar
In August 2017, Blockstream made an unprecedented and invaluable contribution to Bitcoin by starting a free satellite service that streams the Bitcoin blockchain from space, with coverage including Africa, Europe, South America and North America. A little over a year later, the
When considering how to keep your bitcoin safe, most users think about the hard stuff like buying a hardware wallet, using complicated passphrases, buying bulletproof safes and backing up seed words on steel … but most users ignore the easy stuff because it doesn’t seem to
From January 21 to 24, 2020, the World Economic Forum (WEF) took some first steps to formally establish a coherent international framework for the world’s governments to regulate the cryptocurrency industry.
Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they
I probably don’t need to tell you that bitcoin’s price is up in the new year. But did you know that the bitcoin mining hash rate and difficulty are climbing too?
Full nodes are an indispensable part of Bitcoin’s system of checks and balances. They further decentralize the network, they keep miners honest, they verify and register every transaction that takes place on the blockchain, and they provide more autonomy and privacy to users.
In this episode of the Bitcoin Magazine Podcast, Dave Hollerith talks with Kiara Bickers, author of Bitcoin Clarity: A Guide to Understanding Bitcoin. Bitcoin Clarity is different from other Bitcoin guides because it leverages a "systems thinking" approach to explain how and wh
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