Ordinals Unleashed: How Ordinals Are Reshaping Bitcoin's Blockchain
Bitcoin Magazine
by Joe Rodgers
4h ago
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Bitcoin, Not Blockchain Bitcoin, not blockchain. This has been a prominent meme throughout the past two epochs, guiding noobs towards a Bitcoin-only way of life, away from the fraudulent “cryptos” promising greater “blockchain tech”. Yet, here we are, more focused than ever on the blockchain. But this time it’s different: The whole world has a laser-eyed focus on the Bitcoin blockchain. The driving force for this attention is a new meta protocol — a protocol that ..read more
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White House Eager To Work With Congress On Crypto Framework Bill
Bitcoin Magazine
by Nik Hoffman
7h ago
Today, the Executive Office of the United States President Joe Biden issued a Statement of Administration Policy on legislation H.R. 4762 - Financial Innovation and Technology Act 21 (FIT 21), which aims to create clear guidelines for digital assets. JUST IN: ?? White House is eager to work with Congress to develop a "balanced regulatory framework for digital assets." pic.twitter.com/OluzdKkqo6 — Bitcoin Magazine (@BitcoinMagazine) May 22, 2024 "The current regulatory environment in the U.S. has created uncertainty and driven business overseas, stifling innovation and resulting in a loss of j ..read more
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OP_CAT and the Infinite Nothing
Bitcoin Magazine
by Brandon Black
8h ago
Introduction You may have heard about re-enabling OP_CAT as a potential upgrade for bitcoin's script language. Depending on where you get your news OP_CAT has been called "only 10 lines of code", "the best way to enable experimentation with covenants", "too powerful", "dangerous and leading to miner centralization", or "guaranteed to lead to a contentious soft fork". I'm going to make the case that all of these perspectives are mistaken. OP_CAT is very useful, can be used as a covenant, and not (alone) the best next move for bitcoin. Nothing more, and nothing less. To make that case, I'm going ..read more
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Bitcoin ETPs Get Approval to List on the London Stock Exchange
Bitcoin Magazine
by Vivek Sen
11h ago
The UK's Financial Conduct Authority (FCA) has approved asset manager WisdomTree to list Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE). BREAKING: ?? Financial Conduct Authority has approved #Bitcoin ETPs to list on the London Stock Exchange. Gradually, then suddenly ? pic.twitter.com/hMjN24qRMl — Bitcoin Magazine (@BitcoinMagazine) May 22, 2024 The FCA gave the green light for WisdomTree's Physical Bitcoin ETPs to begin trading on May 28. The $111 billion AUM firm will initially offer the products exclusively to professional investors. This move foll ..read more
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America’s First Bitcoin President: Trump Now Accepts Crypto Donations
Bitcoin Magazine
by Bitcoin Magazine
1d ago
President Trump, in a press release published on his website this afternoon, announced that his campaign to take back the White House will begin accepting donations using Bitcoin. BREAKING: ?? Donald Trump now officially accepts #Bitcoin for campaign donations. pic.twitter.com/ySkwNQT1D2 — Bitcoin Magazine (@BitcoinMagazine) May 21, 2024 This announcement by his campaign is sure to stoke the fires between the incumbent President Joseph Biden, who alongside fellow Democrat Senator Elizabeth Warren (D-MA), has spent the majority of his term in Washington waging an all-out regulatory attack agai ..read more
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OP_CAT & Bitcoin Ossification With Blockstream’s Andrew Poelstra
Bitcoin Magazine
by Bitcoin Magazine
1d ago
In a recent interview with Bitcoin Magazine, Shinobi sat down with Andrew Poelstra from Blockstream to discuss his colleague Rusty Russell's ambitious proposal. Rusty plans to restore several abandoned features from Bitcoin's code, a bold move that could significantly enhance the functionality and expressivity of Bitcoin scripts. Understanding the New Costing Model One of the central aspects of the "Great Script Restoration" proposal is the introduction of a new costing model for opcodes. Currently, in Bitcoin, every operation costs the same, regardless of its computational complexity. This m ..read more
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Whistleblowing In The Surveillance Age
Bitcoin Magazine
by L0la L33tz
1d ago
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Bitcoin allows for the permanent inscribing of data onto the public record. Still, whistleblowing on the blockchain remains a terrible idea. Leaking information is risky business. If you’ve obtained sensitive information — particularly if you’re not supposed to be in possession of said information in the first place — you can’t just send out an email or post it to your Twitter feed. If you did, before you knew it, you’d be tracked, identified, and thrown in jail ..read more
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Running The Self-Sovereign Bitcoin Business
Bitcoin Magazine
by Bitcoin Magazine
1d ago
As we take the concluding tenth and final step in “10 Steps to Self-Sovereignty”, we’ve articulated nine ways that Bitcoin can enable the sovereign individual. But what about building the sovereign Bitcoin business? From longer timeframe accounting practices to managing a bi-weekly payroll, to using a volatile asset that operates on a 24/7 market, there is no shortage of needed techniques and technologies that enable entrepreneurs to leverage bitcoin for their companies. As companies delve into the state-change of money that is Bitcoin, they are confronted with a myriad of novel questions and ..read more
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Dismantling The Cash-flow Narrative: Real Estate vs. Bitcoin
Bitcoin Magazine
by Leon Wankum
1d ago
Bitcoin sceptics frequently argue that bitcoin lacks intrinsic value, claiming that investments like real estate, with their tangible cash flows, are superior. In this article, I will debunk the myth of 'intrinsic value' and illustrate why cash flow has no direct impact on an asset's ability to serve as a reliable store of value, even in the context of real estate. The myth of intrinsic value The idea that value is inherently embedded in objects is a misconception. This common belief, influenced by the labor theory of value (LTV) - a flawed concept used in classical economics, Marxism and m ..read more
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Ecash Makes Bitcoin (And Fiat) Private With Calle’s Cashu
Bitcoin Magazine
by Frank Corva
1d ago
Editor’s note: Cashu is a protocol, not a company. Founders: Calle Date Founded: October 2022 Location of Headquarters: Remote Amount of Bitcoin Held in Treasury: N/A Number of Employees: 20-30 open-source developers Website: https://cashu.space/ Public or Private? N/A Of Bitcoin’s many notable properties, privacy isn’t one of them. In fact, the transparency of the Bitcoin blockchain contrasts starkly with the privacy that Chaumian ecash, a form of digital cash created by legendary cryptographer Dr. David Chaum in 1982, offers. So, what do these two technologies have to do with one anothe ..read more
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