Update: Trezor has removed BCH for now, due to a bug in their Bitcoin Cash backend server. Basically, the dispute between Bitcoin and Bitcoin Cash is whether Bitcoin should be both a settlement layer and a transaction layer (and thus not be perfect at either of those roles), or whether it should maximize itself as a settlement layer, and allow other networks to build on top of it to optimize for transaction speed and throughput. The transaction was quick and painless. ● BTCPay adds support for sending and receiving payjoined payments: payjoin is a protocol that increases the privacy of Bitcoin payments by including inputs from both the spender and the receiver in an onchain transaction. Finally, as it turns out, Bitcoin does have some limited “absolute” intrinsic value: the Bitcoin protocol can be used for other purposes than just money. Finally, we really like the cryptocurrency savings account that Luno offers. By paying a small fee, you can transfer it to your account. Like, if a trader places a limit order, then take profit and stop-loss can be placed simultaneously. Binance maintains an insurance fund for futures which pools the collateral from trader fees to cover bankrupt clients’ positions.
When you have so many more people on-ramping into this system, we’re probably going to have a situation where fees on the main chain are going to get pretty high in fiat terms. They are in many ways closed off from the outside world in terms of fintech and payments. So can you talk about – for people who like in Nigeria or Sudan who are going to need micropayments, who are going to want to send $5 or $10, can you talk a little bit about your commitment at Square to Lightning, how you understood how Bitcoin will scale in layers perhaps instead of on the main chain, and why you are so committed to Lighting in a time where we are going to get a lot more users? So the only reason Square got into Bitcoin is to that end. I believe we’re going to a billion people by 2025, certainly by the end of the decade. J: That’s why I’m committed to Lightning, because this is going to be used by more and more people.
Mark Erhardt: Honestly, sometimes when I finish a chapter, I’m baffled on why it took me so long. A: Why don’t we just go right to that issue? So, this is basically a channel that cannot be used any more, there’s nothing urgent to do on it apart from closing, so having even a few more round trips is just not at all an issue. So, I talked to Jay about it. So, right now we’re trying to find the right board for it. And my goal in my life in this moment is to remove as much as I can the corporateness of our companies and find better intersections with the open-source community. A fork, simply put, is a code update, but the community decides if they want to follow the new version of the code, or keep running the old version of the code. We want to do the same thing for social media. And we’re trying to do the same thing with Twitter, by creating a new platform, a new open-source standard called Blue Sky, we’re just starting it. And go to Ghana that has a bunch of transplants from all over the continent and you witness the same thing every single day.
J: I spent November of 2019 roaming around the continent of Africa, I went to Nigeria, I went to Ethiopia, I went to Ghana. Finding developers on the continent on Africa, enabling them to do their work without having to think about taking another job, is important. And I think they’ll get a little reality check there. What are people missing when they say there is no social value to Bitcoin? Cryptocurrency exchanges are “easy to breach, with minimum effort and expense from attackers and with maximum return on investment,” said Robert Statica, 바이낸스 수수료 (http://polackalkudumbam.com/) president of BLAKFX, a cybersecurity firm in New York. 785 updates the minimum CLTV expiry delta to 18 blocks. There is a vast amount of crypto projects, each with its own proposals and goals. Remember, with Binance your assets are held at a custodian wallet (web wallet), i.e., your crypto is held in trust by the exchange. J: I mean they are missing everything. And I saw that the number one problem that entrepreneurs were working on there – and I only met the entrepreneurs, I didn’t meet anyone in the government or the media – they are all working on payments and the most interesting of them were working on Bitcoin.