I am increasingly convinced that the future of Bitcoin (at least, its short term future) lies in mesh networking. Intro Mesh networks are networks were nodes connect to one another dynamically and without any hierarchy. There is no central authority, every node is connected to other nodes with which it exchanges data. Bitcoin already looks a lot like a mesh network at the protocol level. Consider transactions or blocks propagation for example....
Today’s post was inspired by this very good question from @antward on Twitter: Millisats? I thought sats was the smallest unit? — Larix Lynx ⚡️ (@DigitaltGuld) December 15, 2021 As you can see, I tried to give him a synthetic answer, but then I thought to myself: why not devote today’s short piece to this question? So here we are. 1 millisat = 0.001 sat That’s the shortest answer one could give....
A wave passes and fills the pool Thousands of transactions accumulate Little wriggling, self-centered fish Just waiting to be caught With a powerful stroke of the net A Mentat catches them and gathers them in a basket. Carrying the basket at eye level He analyzes, thinks, weighs He computes and calculates In a flash of lucidity he guesses their true name The one that, revealed, will make all the others cry out:...
One of our most prominent voices in the Bitcoin ecosystem in France is Jacques Favier. Having been a historian before becoming a Bitcoiner, Jacques often has a very interesting point of view on many aspects of the revolution we’re seeing happen before our eyes. When asked about what money is, Jacques often answers that the moneyness of any good cannot be analysed separately from the space in which this good is presumably used as money....
NFC seems to be all over Bitcoin Twitter recently, between Square/Spiral annoucement of a NFC enabled hardware wallet, Coinkite teasing their Satscard and Coin Corner messing around with hilarious NFC Lightning payment demos. What the hell is NFC? NFC stants for Near Field Communication. It leverages one of the most elegant physical phenomenon Mother Nature gave us1 to enable communication between two devices that are very close to each other. A varying current in one circuit creates a magnetic field which in turn induces a current in the other circuit....