I'm only at page 20 of Fiat Ruins Everything, but I already feel the pain from the bruises from plunging even deeper in the rabbit hole...
Thank you @jimmysong
Privacy works!
You talk to a Bitcoin ecosystem dev guy at some events, who goes by a pseudonim, a couple of times. Some time later someone else ask you 'do you know xyz? He also lives in the same country'. Heck, no, I had no idea!
Privacy works, privacy is important! :D
A sensitive information was hidden, I learnt it by web of trust!
BTCDEB works!
I've heard rumors and legends about transaction debugging tools... until now, when I dared to look for it, and try it. It'was much easier to build&run, and
it saved me a couple of hours of blind trial-error tx building.
BTCDEB
#transaction-debugger #btcdeb #bitcoin-core
Miner efficiency continues to improve: the recently-announces S21 pushes it below 20 W/TH/s -- 17.5 for the air-cooled, 16 for the water cooled.
Expect global hashrate to continue to climb...
[Silent Payment]
It is a bit early, but I want to put out this idea:
Silent Payment Receiver and Forwarder
Bitcoin silent payment (BIP352) receiving is a bit tricky, therefore I expect that it will take some time until some wallets implement it. For the meantime, a forwarder could be very useful.
A separate app, that holds the scanning/spending keys, scans transactions from a node (ideally own node). Whenever it detects a new incoming payment it forwards it to a ‘regular’ address (descriptor/Xpub-based, no privkey needed, no address reuse). Forwarded payments can be processed with any usual bitcoin wallet.
I wonder about security and privacy considerations of such a scheme, but I don't see a show-blocker.
I see one downside: the forwarding has some fee. Also, the scanning/spending keys have to be kept securely. A subset would be an app that only does notification.
Lightning is a magical payment layer on top of Bitcoin. But others are emerging as well.
Lightning INVOICES are emerging as the de facto STANDARD connecting different payment layers (like e-cash)