Tag: Road

The Next Decade, Part 2: The Road Ahead

coiner

We’re already starting to see the seeds of second layer potential develop from the base layer primitives that have been added or optimized in the first decade. Lightning, while still subject to some pretty big limitations, is really starting to thrive. And that is just the limited first version that is currently specified and deployed. There are now sidechains of various kinds deployed: Liquid, RSK, and even token chains tied to Bitcoin developed by Commerceblock. This is just the start. Schnorr and Taproot Just over the horizon, we have the…

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The Trump Pump: A Road To Capture and Failure

coiner

Well the “Trump Pump” seems to be ripping off spectacularly. Everyone is cheering, euphoric, happy, feeling on top of the world. Knock it off. Yes, the number is going up, everyone’s net worth (on paper) is increasing by the hour, but this is not a matter of celebration. This is Bitcoin entering the gauntlet. These institutions, this administration, these high net worth individuals, they are not your friends. They are not here for the same reasons as people trying to build a monetary network centered around sovereignty and freedom. They…

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Can El Salvador Duplicate Singapore's Road To Success?

coiner

Few stories in global development are as compelling as that of Singapore, a small city-state that moved “From Third World to First” within just a few decades. The strategic vision of its founding father, Lee Kuan Yew, combined with the country’s commitment to a robust business environment, education, and stringent anti-corruption measures, all contributed to this remarkable transition. El Salvador, a country currently grappling with significant political and economic changes, is arguably on a parallel course. Its recent political developments, particularly the adoption of Bitcoin as legal tender under President…

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The Silk Road hacker’s story – Cointelegraph Magazine

coiner

Where would you hide $3.4 billion worth of Bitcoin? For James Zhong, the ideal spot was to store it on a computer — with its circuitry exposed — placed in a used Cheetos popcorn tin hidden in a bathroom closet under a pile of blankets. Zhong, now 32, was sentenced to a year in federal prison last month for a hack that took place almost 11 years ago. His victim? Ross Ulbricht, the proprietor of the Silk Road dark web drug marketplace where Bitcoin found its first significant use case,…

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