Our friend Jack Mallers has created a company called Strike, with a lot of help from a lot of other people - an amazing Bitcoin company - and he started a campaign recently to help Bitcoin development. J: Again, the conditions that created Bitcoin - everything that went into it from the proof-of-work model to the development model - no single points of failure - everything about it is why we’re into it. What are your thoughts on Bitcoin and its proof of work and full nodes model versus other models? This week’s newsletter requests help testing a Bitcoin Core release candidate, summarizes continued discussion of LN anchor outputs, and describes a proposal for allowing full nodes and lightweight clients to signal support for IP address relay. ● Proposal for using one BIP32 keychain to seed multiple child keychains: several weeks ago, Ethan Kosakovsky posted to the Bitcoin-Dev mailing list a proposal for using one BIP32 Hierarchical Deterministic (HD) keychain to create seeds for child HD keychains that can be used in different contexts. ● Multiple derivation path descriptors: Andrew Chow posted a proposed BIP to the Bitcoin-Dev mailing list for allowing a single descriptor to specify two related BIP32 paths for HD key generatio
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Unfortunately, however, not many wallets actually support directly importing your private key(s) - and less so for BCH. ● BlueWallet v6.1.0 released: BlueWallet’s v6.1.0 release adds Tor support, SLIP39 support, and functionality for using PSBTs with HD watch-only wallets. We don’t want to compete with the hardware wallets out there. And then there was this huge community backlash and the company was actually forced to come out with a video message and say ‘sorry, we’re definitely going to signal.’ They basically bent the knee to the community. A: A lot of people say Bitcoin is just for bad people. It’s just for bad actors. Right, they said it’s going to be for bad people, we don’t want Americans to have privacy. However, you can still trade cryptocurrencies but it is best not to do it speculatively since cryptocurrency prices have now normalized. However, not all of them are popular enough. Given what is currently public knowledge, quantum computers are still far away; the most powerful quantum computer to date managed to use Shor's algorithm to factor the number 21. However, sudden advances are always possible, and we always need to have a plan of what we can do if Edward Snowden decides to leak out that the NSA has fully functional quantum computers hiding in a secret
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We have designs for that privacy and that freedom within it. Even Christine Lagarde has said that the digital euro won’t really have full privacy. 1. Recovering data from Hard Drives (If you have a Hardware-based Crypto Wallet). When you buy from online exchanges it directly goes to the exchange wallet and as long as your account is safe, then no one can steal your bitcoins. It closed abruptly in 2014 following its collapse after hackers apparently raided the exchange. Whichever party Martin decides in favor of, he produces a transaction sending $1 to himself and $19 to them (or some other percentage fee), and sends it to that party to provide the second signature and publish in order to receive the funds. Predictable transaction weights help L2 protocol developers write more reliable fee-bumping mechanisms. The more that we - and especially our governments - can realize that and get in the boat sooner, the better we all are. Until they get corrupted in some other way. It’s coming. This vision to stream money to people that you care about, in a way that the government cannot stop, I know that’s what Laura wants, and that’s what you all want where you are up
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It has also is having an impact on money. And they’ve been building some hydro facilities there, they have this mighty river, and incredible natural resources, but the problem is when they build the dam it takes time to connect the transmission lines to the dam, so the project remains fairly inert for awhile, and it’s not that exciting of a development project for that reason. So again we get back to this conflict about how are we going to build social media and communicate with each other without censorship and surveillance? If a miner tries to build on a block further back in the chain, any new block they discover won't be on the longest chain. We just want to take it to the next level and take it to 100 million more people who have non-custodial solutions. Let’s talk a little bit more about that. Now, when we talk about other digital currencies, read there is a digital currency phenomenon that I did want to talk to you about and that’s central bank digital currencies.