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The Bitcoin Minimalist Week 5 - NYDIG Accelerator, Strike Debit, and HAM Radio Tx

minimalist.bitbo.io

The Bitcoin Minimalist Week 5 - NYDIG Accelerator, Strike Debit, and HAM Radio Tx

Week 5 is all about lightning and lighting development. Enjoy!

MitchKlee_
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Bitbo.io
Aug 31, 2022
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The Bitcoin Minimalist Week 5 - NYDIG Accelerator, Strike Debit, and HAM Radio Tx

minimalist.bitbo.io

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


To catch the weekly synopsis, consider subscribing to The Bitcoin Minimalist!

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

bitbo.io

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

Twitter avatar for @JeffBooth
Jeff Booth @JeffBooth
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.
3:25 AM ∙ Aug 29, 2022
2,675Likes434Retweets

Alex Gladstein Clip - A trojan horse for freedom

Twitter avatar for @DocumentingBTC
Documenting Bitcoin 📄 @DocumentingBTC
#Bitcoin is a Trojan Horse for freedom dressed up as a 'get-rich-quick scheme'
12:27 PM ∙ Aug 30, 2022
1,244Likes337Retweets

Nodes over miners

Twitter avatar for @BitcoinPierre
Pierre Rochard @BitcoinPierre
Bitcoin timestampers (“miners”) don’t validate transactions, Bitcoin node software does that.
10:37 AM ∙ Aug 30, 2022
730Likes77Retweets

Bitcoin mining helps fund energy and stabilize the grid

Twitter avatar for @DocumentingBTC
Documenting Bitcoin 📄 @DocumentingBTC
How #bitcoin mining funds solar and wind development ☀️🍃
Image
6:12 PM ∙ Aug 30, 2022
245Likes58Retweets

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.

- Jameson Lopp

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.

- Kaz Bycko & Zane Pocock

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The Bitcoin Minimalist Week 5 - NYDIG Accelerator, Strike Debit, and HAM Radio Tx

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