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Finney21
npub1ks2l...pkex
#Bitcoin Consulting Firm [est.801408]
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Finney21 2 years ago
P01 notes session 10.11.23 Hardware wallet review: Jade by Blockstream -- - Fully open source hardware and software. Gold standard that is rarely met in the HWW industry - Affordable compared to alternative products. Uses commodity hardware - Simple to use, great support, compatible with Blockstream Green, Sparrow, Nunchuk, Specter - QR scan, BIP85, duress pin - Fully air gapped. Enables sending bitcoin without connecting to the internet - Immune to physical key extraction from device alone (virtual secure element with 3 secrets - Jade secret on device, pin, remote blind oracle) - DIY-able (firmware can be installed on inexpensive, off the shelf hardware - Can be used as a 2FA device - Can mine bitcoin (cool but not profitable)
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Finney21 2 years ago
We chose to name our team after this Legend. Never forgotten, eternally grateful image
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Finney21 2 years ago
P01 notes session 10.10.23 Report: The Lightning Network grew by 1212% in 2 years by @River -- The number of users, transactions and volume on lightning have been accelerating significantly over the past years 6.6 million routed Lightning txs in August 2023 (lower bound estimate) 1212% growth since the 503k tx estimate for August 2021 This growth was despite a 44% bitcoin price drop and 45% decrease in search interest Avg Lightning tx size of 45k sats ($11.84) in Aug 2023 Lightning is extending Bitcoins utility by enabling low value payments over the internet Est. ratio of 1:8 non-custodial to custodial Lightning users 173 companies in the Lightning industry across 28 categories Lightning enables millions of people to trustlessly and instantly move money back and forth without having to settle each tx on the Bitcoin blockchain It has been 7 years since the Lightning Network Whitepaper was published There is no way to identify all private nodes on the Lightning network An estimated 70-80% of Bitcoin users have their funds on exchanges today 21min Pgs 1-10