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- The Bitcoin Minimalist Week 5 - NYDIG Accelerator, Strike Debit, and HAM Radio Tx
The Bitcoin Minimalist Week 5 - NYDIG Accelerator, Strike Debit, and HAM Radio Tx
Week 5 is all about lightning and lighting development. Enjoy!
This week:
NYDIG lightning accelerator
Strike debit card and a lightning based bank account
@NVK and @Eiaine successfully send lightning tx over HAM radio
Mempool lightning dashboard
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News
NYDIG Lighting Network Accelerator
Ross Steven announces the NYDIG fund for lightning accelerator called “In Wolf’s Clothing.” This accelerator is targeting small teams, developers, and startups. It is an 8-week program run in cohorts that will be “non-remote.”
Strike Releases Debit Card
Jack Mallers announced last week that strike will release a debit card, allowing for direct deposit and remittance. “Now strike does everything my bank does.” - Jack Mallers
Bitcoiners Send International LN Transaction Over Ham Radio
@NVK from coinkite sent a lightning network transaction from Toronto to San Fransico. This transaction was 5% faster than copper wire and confirmed on lightning. Just another example of Bitcoin scaling and immutability.
Mempool Drops New Lightning Dashboard
Mempool.space released a beta covering metrics such as ISPs, geographical data of nodes (non-Tor), and capacity on the network, coloring the Bitcoin space with more data.
Price
Bitcoin dropped below $20,000 for a short period after sideways price action for the past week. The price is now below the 200-week moving average again, a metric typically marking the bottom of a bear market.
Tweets
Self-custody warning from global-macro Jeff Booth
2008 was a walk in the park compared to what is coming.
Unfortunately, the global nature of the problem, combined with people who think it can be fixed from the system will ensure chaos.If you don't already have #Bitcoin in self custody, you "might" want to get some.
— Jeff Booth ⚡️ (@JeffBooth)
Aug 29, 2022
Alex Gladstein Clip - A trojan horse for freedom
#Bitcoin is a Trojan Horse for freedom dressed up as a 'get-rich-quick scheme'
— Documenting ₿itcoin 📄 (@DocumentingBTC)
Aug 30, 2022
Nodes over miners
Bitcoin timestampers (“miners”) don’t validate transactions, Bitcoin node software does that.
— Pierre Rochard (@BitcoinPierre)
Aug 30, 2022
Bitcoin mining helps fund energy and stabilize the grid
How #bitcoin mining funds solar and wind development ☀️🍃
— Documenting ₿itcoin 📄 (@DocumentingBTC)
Aug 30, 2022
What to read
Metal Bitcoin Seed Storage Stress Tests (Round VI): Jameson runs through a litmus test for all the new steel backups, stress testing with fire, ease of use, and more.
Under the Hood of Bitcoin Mining: Swan releases a rabbit hole deep dive course on Bitcoin mining. It is designed to cover all the major aspects, and implications mining will have on Bitcoin and society.