Monthly Archives: May 2021

Despite ludicrous claims that bitcoin has decreased in value, those on a sat standard have been accumulating wealth at a discount.Bitcoiners need not fear — for those who have already determined that the bitcoin standard is the monetary policy for them, recent dips in nominal fiat value can only be good. You see, as determined…

In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed CVE-2021-31876, a bug in the Bitcoin Core code affecting replace-by-fee.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed CVE-2021-31876, a bug in the Bitcoin Core code that affects replace-by-fee (RBF)…

The energy debate is misleading, and characterizes energy usage as an objectively measurable undertaking (which is not true).Bitcoin. Internal combustion engines. Netflix. Norton. Twitter. Facebook. Online banking. ATMs. Security cameras (and their systems). Printers. Lightbulbs. Christmas lights. Easy-Bake Ovens.Tinder.They all require energy to produce, and all require energy to use. Pick any one from this…

The three mechanics are an important part of understanding Bitcoin on a technical level.Learning Bitcoin With Charts: How Are Hash Rate, Difficulty And Fees Related?Date: May 15, 2021Bitcoin’s difficulty adjustment mechanism is one of its most important aspects, but learning how it works can be a daunting task. This article leverages on-chain data to visualize…

Taproot.watch has added a new feature showing that a vast majority of Bitcoin mining hash rate supports Taproot activation.Taproot.watch, the website built by Hampus Sjöberg for people to follow along Bitcoin soft fork upgrade Taproot’s path to activation, has added a data visualization that showcases the total “potential” acceptance by network hash rate.By adding the…

China’s BIT Mining Limited, a major bitcoin mining firm, has invested $25 million to build a data center in Texas.According to a recent press release, major bitcoin mining firm BIT Mining Limited has entered a binding investment term sheet with Dory Creek LLC, a subsidiary of cloud mining service Bitdeer, to invest $25.74 million and…

Bitcoin exchanges FTX and BitMEX committed to donating portions of the money they spend on transaction fees to offset carbon emissions.Bitcoin exchanges FTX and BitMEX have committed to becoming carbon neutral by donating $0.0026 for every dollar spent on blockchain transaction fees to carbon-offsetting organizations."We estimate that we will pay roughly $60m in blockchain fees…

The Bitcoin Pizza Day story is one of the technology’s most historic tales, but even if you know the Bitcoin pizza price, these facts might surprise you.May 22 is now forever known as Bitcoin Pizza Day, the holiday marking the date in 2010 when the first real-world good was bought with the first decentralized digital…