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Satoshis (the smallest unit of ) just entered the Oxford English Dictionary: https://oed.com/view/Entry/78036595

 

"Natural gas venting: How Bitcoin solved a 160 year old problem": https://www.upstreamdata.ca/post/natural-gas-venting-how-bitcoin-solved-a-160-year-old-problem

 

Lightning Network Resources

2 min read

I hosted a small session on the Bitcoin Lightning Network at Hacker Beach last night, and promised to share all the resources from it somewhere. Hence, here's a random list of things you can read to learn about Lightning Network, and also start using/testing it.

Understanding the protocol

* The original Lightning Network paper
* Slides from a Lightning Network talk at the SF Bitcoin Devs meetup (Feb 2015) -- Slightly outdated, but contains a lot of the basics (from the authors of the paper)
The Lightning RFCs / BOLTs -- This repo contains the various protocol specifications. Also, scroll down in the README for a nice short introduction section.
* Lightning network in depth, part 1: Payment channels
* Lightning network in depth, part 2: HTLC and payment routing
lightning-onion -- Repo containing the code for LND's onion routing. Also, check the README for a broad overview of what this means for the Lightning Network.

Software

LND Developer Site -- Resources and documentation for the Lightning Network Daemon (LND)
c-lightning -- A Lightning Network implementation in C
Spark Wallet -- A GUI client for c-lighnting
eclair --
A scala implementation of the Lightning Network
eclair-mobile --
An Android wallet for the Lightning Network
Lightning Wallet for Android -- A fork of eclair with support for receiving payments (includes watchtowers)

 Stats and visualizations

1ml.com -- Lightning Network Search and Analysis Engine
* Bitcoin Visuals: Lightning Network statistics

 

Adding a German word list for standardized Bitcoin HD passphrases is more difficult than you'd think: https://github.com/bitcoin/bips/pull/721

 

Who controls Bitcoin Core? TL;DR: nobody. https://medium.com/@lopp/who-controls-bitcoin-core-c55c0af91b8a

 
 

If Coinbase sponsors OpenCollective, why can I still not make a one-time donation using bitcoin? It's the easiest thing to implement, compared to any other payment option. And it's literally open-source money, based entirely on free software.

 

You think cryptos are crashing hard, because the bitcoin bubble is bursting? Perhaps consider the bloodbath in international stock markets over the last days, losing $4 trillion in about a week: https://www.zerohedge.com/news/2018-02-06/euphoria-turns-terror-dow-open-750-points-lower-vix-erupti...

 

Please disregard my earlier post about Visa for now. Turns out all those bitcoin companies giving out debit cards were using the same issuer, and that company was not complying with Visa security rules. https://www.heise.de/newsticker/meldung/Visa-sperrt-hunderttausende-Bitcoin-Kreditkarten-3934620.htm...

 
 

TIL: "Smart contracts for RSK are written using Solidity [...] and are fully compatible with Ethereum Smart Contracts, so you can migrate your existing Ethereum Smart Contract to RSK Smart without doing any changes." https://github.com/rsksmart/rskj/wiki/Starting-with-RSK-Smart

 

Interesting perspective on the "but bitcoin was supposed to be p2p cash" argument: cash is actually a bearer instrument with direct p2p settlement (not going through any validators like banks etc.). Kind of like handing around a signed transaction, e.g. in Lightning Network.

 

In where Bitcoin Cash, a supposedly "fully decentralized" blockchain, has someone calling themselves the CEO. 🤔 https://www.bitcoincash.org/letter-from-the-ceo.pdf

 
 

Just in case you missed it last week: the Bitcoin blockchain is now being sent to Earth from satellites, so you can build local payment infrastructure without having to pay for the many gigs of data per month, that are required to be downloaded these days for running a fully validating node: https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Simply amazing.

 
 

"We must be able to measure blockchain decentralization before we can improve it": https://news.21.co/quantifying-decentralization-e39db233c28e

 

So far, the only companies having asked me to update my credentials in light of Cloudbleed, are all Bitcoin services. Thanks, Mt. Gox!

 
 

3rd day in CNX and already found the weekly Bitcoin meetup. Plus free kung-fu training beforehand: https://storage.5apps.com/basti/public/shares/161120-1244-cube_meetups.jpg (at Cube No. 7)

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