CEO, C4 CCSSA at PrivKey LLC, Blockchain strategist, cybersecurity. The Mission: The Separation of Money and State.
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 11h
Bitcoin Curaçao Meetup https://btcmap.org/merchant/node:11872569854 Is in the BTC Map
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 16h
Bitcoin's Volatility During the 2016-2018 Bull Run It's important to note that Bitcoin's journey during the 2016-2018 bull run was not without its challenges. Over that period, the cryptocurrency experienced six significant draw-downs of approximately 30% each. This volatility is a characteristic of the digital asset market, where sharp price fluctuations are not uncommon. Despite these temporary setbacks, Bitcoin ultimately demonstrated its resilience, going on to reach new all-time highs and solidifying its position as a major player in the global financial landscape.
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 2d
“The internet assumed NOTHING, and it won because it had the basic, robust, open building blocks upon which all the innovation actually occurred. The same thing has happened with Bitcoin over the last 15 years and is now starting to happen with Nostr. And it’s right on time, because the gateways to the internet have centralized to such a degree that the very topography of the web is changing. Access to this open bazaar is being threatened because the applications who were once gateways, have started to become gatekeepers. To fix this, and to fundamentally fix the internet, we need to upgrade the Internet stack and establish a new suite of superior products, services, and applications that compete on value, not on gatekeeper economics.” --Aleks Svetski My observation on the below article. Bitcoin as a model stack added to the 20th century OSI model. The Evolution of the Internet The internet has undergone a significant transformation over the past few decades. What started as an open, decentralized bazaar based on the internet protocol has now become a more centralized, platform-siloed experience. The Path Forward By examining the history of the internet, we can begin to discern a path forward to escape the trap we have found ourselves in. Bitcoin as a Model stack added to the OSI model In this context, Bitcoin can be stacked on top of the 20th century OSI (Open Systems Interconnection) model for the “internet of value” stack. A decentralized, open framework for enabling the secure exchange of digital assets and value. Just as the original OSI model provided a standardized architecture for interconnecting different computer systems, Bitcoin offers a decentralized protocol for the peer-to-peer transfer of digital value without relying on centralized intermediaries. This aligns with the original vision of an open, decentralized internet. By studying the principles and architecture of Bitcoin, we may be able to glean insights that can help guide the evolution of the internet towards a more decentralized, user-empowering model in the 21st century. Original article Reviewing Reviews https://highlighter.com/npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m/Reviewing-Reviews-lpinxc
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 3d
“As we discussed in Entering the Bitcoin Renaissance, our last edition, Lightning Labs CEO and Co-Founder Elizabeth Stark told The Block, “a major narrative of the next cycle will be the bitcoin renaissance, and it has already begun in full swing.” Only a few months later, and that is proving to be quite prescient!” --Ryan Gentry The Bitcoin Renaissance: Exploring the Advancements in the Lightning Ecosystem Highlights from the Lightning Labs Article The article “The Bitcoin Renaissance: How Lightning Will Connect Everything” from Lightning Labs provides an insightful look into the major advancements happening in the layer 2 ecosystems built on top of Bitcoin. Here are the key points covered: 1. Surge in Development Excitement: The article highlights the growing excitement and development activity around the Lightning Network and other layer 2 solutions on Bitcoin. This includes the unveiling of numerous innovative projects in recent months. 2. Increasing Connection between Lightning and AI: The article delves into the emerging synergies between the Lightning Network and advancements in artificial intelligence (AI). It explores how these two technologies can complement each other and drive new use cases. 3. Projects to Watch: The article identifies several prominent projects within the Lightning ecosystem that are worth keeping an eye on as the Bitcoin ecosystem continues to evolve. These projects are solving real-world problems and creating new value. Personalized Insights As a dedicated cybersecurity professional with extensive experience in the networking, cyber-security, and fintech domains, I found this article to be a valuable resource for understanding the current state of the Lightning ecosystem and the exciting developments unfolding. The surge in development activity and the increasing integration of Lightning with AI are particularly intriguing to me. I can see the potential for these advancements to enhance security, enable new financial applications, and drive innovation in the decentralized finance (DeFi) space. Given my background in blockchain and crypto assets, I'm especially interested in the projects mentioned that are pushing the boundaries of what's possible with the Lightning Network. I'll be sure to follow the progress of these initiatives as the Bitcoin ecosystem continues to evolve. Overall, this article provides a comprehensive and engaging overview of the “Bitcoin Renaissance” happening in the layer 2 space. It's a must-read for anyone interested in the future of Bitcoin and the innovative solutions emerging within its ecosystem. Article Link: The Bitcoin Renaissance Is in Full Swing: How Lightning Will Connect Everything Off-Chain. https://lightninglabs.substack.com/p/the-bitcoin-renaissance-is-in-full
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 4d
Why do Bitcoin miners sometimes produce empty blocks despite there being unconfirmed transactions in the mempool? Empty Blocks, Full Mempool An analysis of Bitcoin blocks mined without any transactions even when there were transactions waiting to be confirmed. https://blog.lopp.net/empty-bitcoin-blocks-full-mempool/
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 5d
Great video NWC: non-custodial payments for any app - Moritz Kaminski https://www.youtube.com/watch?v=OCt6-pIUDqk&t=2
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 7d
DoJ sets its sights on Bitcoin privacy https://freedom.tech/doj-tightens-strangehold-on-bitcoin-privacy/ "As a privacy advocate While it may seem too simple, the first and most important way that we can all take up the fight for privacy is to keep talking about this case and its implications. The moment we are silent and let the DoJ prosecute Samourai Wallet in the dark, we have lost."
Bringin - This is a lightning app that’s taking a different approach by integrating with IBAN, the international bank network in Europe. The main idea is that merchants can get paid in lightning and have the amount deposited in fiat right away. It makes lightning payments, once completed, more reliable than something like credit cards and cheaper to boot. They use Breez SDK to make this work and the idea is that they’ll expand the offerings as they scale up. Bringin Bitcoin to Retail Banking with the Breez SDK https://medium.com/breez-technology/bringin-bitcoin-to-retail-banking-with-the-breez-sdk-e4d5822dca5c
Humans have a natural tendency to seek efficiency and conserve energy where possible. This is often reflected in the way financial regulatory authorities approach their responsibilities. When given the option to perform their duties from the comfort of a desk, they may be inclined to do so, rather than exerting the additional effort required to physically investigate matters on-site. Fiat currency, with its ability to be expanded through fractional reserve banking, has enabled this comfortable, desk-bound approach to regulation. However, this system has been criticized as a "cheat" created by bureaucrats to circumvent the constraints of sound money, such as gold. The emergence of digital gold, represented by Bitcoin, is poised to disrupt this dynamic. As a sound digital money standard, Bitcoin has the potential to end the comfort and convenience afforded by fiat currency. This transition may lead to a gradual return to a more rigorous, hands-on approach to financial regulation, as the inherent limitations of fiat currency are exposed.
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 9d
Microsoft is a national security threat, says ex-White House cyber policy director With little competition at the goverment level, Windows giant has no incentive to make its systems safer https://www.theregister.com/2024/04/21/microsoft_national_security_risk/
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 10d
Still using Facebook for personal information? Dutch privacy watchdog recommends government organisations stop using Facebook https://www.reuters.com/world/europe/dutch-privacy-watchdog-recommends-government-organisations-stop-using-facebook-2024-04-19/
Still using Cisco products? Cisco Duo warns third-party data breach exposed SMS MFA logs https://www.bleepingcomputer.com/news/security/cisco-duo-warns-third-party-data-breach-exposed-sms-mfa-logs/
Discord is not private and not secure. Keep this in mind! A Spy Site Is Scraping Discord and Selling Users’ Messages https://www.404media.co/a-spy-site-is-scraping-discord-and-selling-users-messages/
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 11d
Bitcoin Basics Workshop https://www.meetup.com/bitcoincuracao/events/300550107/?
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 12d
T-Mobile, Verizon workers get texts offering $300 for SIM swaps https://www.bleepingcomputer.com/news/security/t-mobile-verizon-workers-get-texts-offering-300-for-sim-swaps/?utm_medium=email&utm_source=hs_email If you hold bitcoin, avoid using SMS-based 2FA if you can. Consider using a security key, such as Yubikey to lock down your account. You can also lock down your number using security-focused providers such as Efani and Cloaked Wireless. It's wise to look into these options now because a new market cycle means new hackers.
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 13d
Scheduling software that allows you to get paid in Bitcoin Share the link to your public calendar so that people can schedule you and pay you in Bitcoin. https://lncal.com
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 14d
"That dogma was necessary — without it the people who have built this ecosystem into what it is today wouldn’t have had the motivation to do so. Without that dogma, those people would not have had customers and users to build anything for in the first place. It was the foundation of everything we have around us today. Now the inevitable is happening: the foundation is cracking." ~ Shinobi In this article, Guy Swan delves into the intricate dynamics of ideological dogmas within the Bitcoin community. The piece examines the sustainability of the foundational beliefs that have underpinned the growth and development of the cryptocurrency's ecosystem thus far. The central focus is on what happens when the dogmatic pillars that have supported Bitcoin's rise begin to show signs of crumbling. The article provides insightful perspectives that challenge the conventional wisdom surrounding Bitcoin's perceived invulnerability to ideological shifts. By exploring the evolving controversies within the Bitcoin community, the article offers a nuanced understanding of the complex interplay between ideology, technology, and the future trajectory of this groundbreaking digital currency. Dogma Kills Brain Cells All cultures require some overarching belief to hold it together as a cohesive identity. But when that belief is followed too blindly it leads to stagnation and dissent. From "The Inscription Issue". https://bitcoinmagazine.com/culture/dogma-kills-brain-cells
"On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?" - Emile Phaneuf The argument that Bitcoin violates Ludwig von Mises's Regression Theorem is a common one among those who have been involved with Bitcoin for some time. However, the emergence of Bitcoin raises important questions about the applicability of Mises's observation in the digital age. The Regression Theorem posits that the value of money is derived from its previous use as a medium of exchange. With the advent of Bitcoin, a purely digital currency with no physical form, one could argue that it challenges this theorem. After all, Bitcoin did not evolve from a previous commodity money, but rather was created from scratch as a new form of digital money. Yet, the success and widespread adoption of Bitcoin suggests that there may be more nuance to Mises's theory than is often assumed. The dynamics of the digital economy, with its rapid innovation and global connectivity, may require a re-examination of how we understand the origins and value of money. The rise of Bitcoin, and the broader developments in decentralized finance (DeFi), offer an opportunity to revisit and potentially expand upon Mises's insights. As a cybersecurity professional with experience in blockchain and crypto assets, I find this a fascinating area of inquiry, with important implications for our understanding of money and the future of finance. Original article: Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory https://www.aier.org/article/misess-regression-theorem-bitcoin-and-subjective-value-theory/
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
William K⚡Santiago🔑☢️ @William K⚡Santiago🔑☢️ - 15d
Tailscale SSH is now Generally Available https://tailscale.com/blog/tailscale-ssh-ga
