Tag: Introducing

Introducing The Chief Lightning Officers, Dedicated To Bitcoin Adoption Through Education

coiner

This is an opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup and a member of the Chief Lightning Officers. On January 4, 2023 (block 770,402, for those of you keeping score at home), the Chief Lightning Officers (CLO) was created. What started out as a small group of voluntary plebs has blossomed into roughly 50 Bitcoiners engaging in bi-weekly calls with the intent to arm each other with all of the necessary tools and skills to further Lightning adoption at the local level. The plebs that make…

Read More

Introducing Ark: An Alternative Bitcoin Scaling Solution Focused On Preserving Privacy

coiner

This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate and Mandela Washington fellow. “When use of strong cryptography becomes popular, it’s harder for the government to criminalize it. Therefore, using PGP is good for preserving democracy. If privacy is outlawed, only outlaws will have privacy… PGP empowers people to take their privacy into their own hands. There has been a growing social need for it. That’s why I wrote it.”  –Phil Zimmerman, “Why I Wrote PGP” The case of Roman Sterlingov, who stands accused of running the…

Read More

Introducing The Rolling-Block Method: A New Way To Forecast Bitcoin Mining Difficulty

coiner

Since Bitcoin’s inception, network difficulty has grown from 1 to as much as 48.71 trillion hashes that a miner would theoretically need to generate to find the winning one. This means it is 48.71 trillion times harder to mine a Bitcoin block today than when mining first began in 2009 — a compound increase of 20.64% per month. At the time of this writing, Bitcoin’s difficulty is at an all-time high, which means that miners — on a BTC basis — are making less in rewards per unit of hash…

Read More