What is the core incentive for locking up Bitcoin into a payment channel on the Lightning Network to route payment for other people? Make money on routing fees. What is another way to say that? To generate a yield on your Bitcoin. The entire design goal for the Lightning Network…

Covenants strictly speaking in Bitcoin land are just scripts or functionality that allows you to artificially restrict where a UTXO can be spent to. In general a covenant is defined as: “a usually formal, solemn, and binding agreement : compact.” These can be very useful for all kinds of stuff…

This space has gotten to the point where it is almost impossible to have an honest conversation about the topic of privacy without it turning into a game of throwing marketing slogans back and forth instead of facts. Things are constantly conflated, explained poorly, and not engaged with honestly. Most…

This isn’t for Bitcoiners, this is for new people. I tried to boil down a comprehensive break down of Bitcoin/blockchains (and why they aren’t magic cloud databases) that should be digestable to to relatively technical new comers. Bookmark it to pass around as you need. Bitcoin (and blockchains in general)…

Well, firstly I want to say that as of right now the official BitMEX announcement is effectively “We disagree Mr. Government, and intend to fight your charges. For now we will continue normal operations.” Fucking. Chad. It’s going to be an epic showdown, and I don’t need to explain to…

The Lightning Network/Protocol has been a massive gravitational well of development attention over the last 2–3 years. I’d speculate that there is just as much if not more developer mind share concerning themselves with the ins and outs of Lightning Protocol issues as there are concerning themselves with the core…

Bitcoin is suffering from an autoimmune disease right now. People have historically referred to active members in this ecosystem as “Bitcoin’s white blood cells.” They are now attacking Bitcoin itself, and no I am not referring to “plebs” calling out “influencers” for doing dumb shit. I am talking about the…

On the 12th of June this year, I was approached by a Samourai Wallet user who had noticed multiple instances of address reuse in his wallet. According to this user, the behavior occurred automatically multiple times without any manual intervention on their part. These instances displayed a pattern of the…

Watershed Moments To Come (This is just Part 4 of 4, read the last part here.) Think back through Bitcoin’s history. I guarantee you a handful of events just popped into your mind first, like landmarks. If you kept thinking your mind probably started filling in from there with those landmark events as anchors. …