As announced previously, Bitcoin Optech Group is organizing our first workshop July 17 in San Francisco. DUBNER: OK, and before that, and before that, and before that, you were doing things like helping build the first browser that a lot of us who got on the Internet when it was new started to use, Netscape Navigator. So when we talk about Bitcoin and Lightning, if we’re going to build it the right way, it has to be non-custodial. So again we get back to this conflict about how are we going to build social media and Coin-viewer.com communicate with each other without censorship and surveillance? Maybe you’re following what Marty and Matt are doing, and you can go into a “tribe” on Sphinx and you can stream them censorship-resistant private money on Lightning and nobody can stop you. I know you’re saying “liar.” I’m going to prove it to you. Now, minutes before you walked on stage, you announced something pretty big that you are going to do at Square. However, owners who are willing to pay for this will not engage someone who does not have a true passion for dogs.
While initial miniscript features will only include segwit v0 support, eventually support for tapscript and partial descriptors could make it possible to add commitments inside tapscript without solely using the raw() descriptor. And it will have none of the restrictions that you see on Twitter. I know that there’s a lot of you out there who disagree with a lot of actions that Twitter has taken. 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 upset with Twitter. As has been mentioned above though there are a number of Bitcoin brokers that are offering best in industry trading services to traders. Bitcoin mixing services offer decentralized digital money that operates with no central bank or single administrator. You won’t have to be concerned about getting your money. However, the banking system builds additional layers of scalability onto those types of settlement layers, so we have things like paper checks, electronic checks, credit cards, PayPal, and so forth.
Maybe that’s a good segue to get back to the idea of Lightning and why you at Square and especially Square Crypto have focused so heavily on it as opposed to any number of other things. People tend to hoard gold and silver when things are uncertain, and that’s harmful when it limits currency flows on a large scale. Last week, a comment from a government official about potentially banning the trading of Bitcoin saw the price of the coin drop by more than 50%. Despite all these risks, young Koreans are still taking the gamble and diving head first into the market, hoping to hit the jackpot. In order to move any amount of funds into the Lightning Network in the first place, a funding transaction on the main network is still required. The unknown crooks were able to take 7,000 BTC in one transaction before the intrusion triggered security alarms and withdrawals were shut down.
Hashrate is displayed in real-time while the Binance security team safeguards your assets. I’m going to copy that Lightning invoice, I’m going to go to my Muun wallet – created by an awesome team in Argentina – and I’m going to send that Bitcoin right now and it’s going to go and it’s gone. Square Crypto and Steve and team and Matt have been focused on making sure that any wallet can easily turn on Lightning and to make this accessible to everyone. J: Yeah we’re considering building a non-custodial hardware wallet. To put into perspective, users can download a wallet software, run a node, and complete transactions with little effort. All of the technical genius behind Bitcoin’s design and architecture is a necessary starting point; it is table stakes to create an internet currency with which we can start fresh. 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. We want to do the same thing for social media. The thing we want to do is make it completely in the open. It’s through Bitcoin. I just want to underline why I think Jack is so persistent in this.
