Okay hear me out before the bitcoin legion finds my children and sacrifices them for the lord Satoshi. Bitcoin has always been the coin with the largest marketcap, currently at $883B making it the most dominant in the market since the beginning of crypto. The following figure shows the percentages of the biggest coins in…
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As the title says, what are some helpful apps, preferably free of course, you believe are essential to have on your phone? Some examples could be: your favorite exchanges, news, charts, portfolio trackers, etc. I personally have ledger to check my funds, Coinbase pro as my main exchange, and regular Coinbase to check the charts…
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As NewsBTC informed, Square will develop a Bitcoin-only Decentralized Exchange. However, will they work in conjunction with Bisq, the “peer-to-peer trading network”? Jack Dorsey seemed to confirm that both organizations are going to start talking at the very least. Why does this matter? What makes Bisq special? Keep reading to find out. Related Reading | Why Square Will Create New Bitcoin-Focused Company, According To CEO Jack Dorsey The Tweets That Point To Bisq Def! Cc:@brockm — jack⚡️ (@jack) August 27, 2021 Bisq answered that tweet with which Dorsey announced that his company’s TBD project would be to “build an open platform to create a decentralized exchange for Bitcoin.” The Bisq people claimed that they’ve been building their product “to be the go-to peer-to-peer DEX for bitcoin power-users.”Then, they offered collaboration, “Our heads together could result in something better than any of us could imagine.” Dorsey answered “Def!” and copied Mike Brock, leader of the TBD project. That exchange doesn’t guarantee anything, sure. But the organizations will meet, and they seem to share a lot philosophically speaking. The Bitcoin community, for its part, reacted under Jack’s tweet with a lot of “This is the way,” exciting .gifs, and Bisq praise. BTC price chart for 08/29/2021 on Coinbase | Source: BTC/USD on TradingView.com Why Will Dorsey’s DEX Be Bitcoin-Only? In NewsBTC’s announcement of Square’s Decentralized Exchange project, we quoted: Jack Dorsey’s tweet quoted an extensive thread by Square executive Mike Brock, TBD project head, who outlined the potential development paths for the open-source DEX. “We believe Bitcoin will be the native currency of the internet. While there are many projects that will help make the internet more decentralized, our focus is solely on a sound global monetary system for all. But including all requires a few pieces we think we are missing.” Brock said in one of his tweets. This is in tune with ideas expressed by Dorsey himself. The reason I have so much passion for #Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be. — jack⚡️ (@jack) January 14, 2021 After all, Square created the Bitcoin-focused TBD “with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.” Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD. — jack⚡️ (@jack) July 15, 2021 Everything That Makes Bisq Special A couple of years ago, Manfred Karrer, Bisq co-founder, spoke to CoinDesk.”The goal is to become as decentralized and censorship-resistant as bitcoin. That’s a very high goal and it took bitcoin a very long time to get there,” he said. On Bisq’s site, they claim that “Bisq is code, not a company.” And said software is “open-source and community-driven.” What else makes Bisq special? Well… Related Reading | Running Bitcoin: Passing The Torch From Hal Finney To Jack Dorsey First of all, “It’s software you run on your own hardware, which connects to other people running the Bisq software to facilitate trades.” Sort of like how torrents work. Bisq does not hold Bitcoin or any national currency. All the deals are between “the trading peers themselves.” And Bisq only has minimal information about either of them. Also, “no data is stored on who trades with whom.” And speaking about privacy. “All Bisq data is transferred over its own secure peer-to-peer network, which is built on top of the Tor network—no central servers.” The service doesn’t require registration. To grease the wheels, “Both traders are required to pay security deposits, which are refunded after trades are completed.” Bisq doesn’t accept Paypal or credit cards because chargebacks are too easy. Bisq eliminates “the need for trusted third party exchange services.” The Bisq network “is fully peer-to-peer in that it requires no centrally-controlled servers and has no single points of failure.” However, you should also know that someone hacked Bisq that one time, stealing $250K. Featured Image by Jeremy Zero on Unsplash – Charts by TradingView
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I’m working on an education platform to help beginners learn about DeFi and NFT. (The courses will be totally free for students) The goal is to help people participate in Web3 on Lending/Borrowing, Decentralized Exchanges, Buy/Sell NFTs, Gaming, etc… The courses will give certificates in the form of NFT. But, I don’t know if courses…
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The United States government through the FBI recently helped to run a training exercise whose goal is to enhance the capacity of Nigerian cryptocurrency crime investigators, the U.S. Mission Nigeria (USMN) has said. The exercise saw over 50 Nigerian investigators and prosecutors participate. Understanding the Trends In its August 25 tweet, the USMN reveals that […]
I have a tiny portion of $eth and would like if someone could tell me what are the ways to earn with it? It’s in my wallet idling, so if I could find a way to make more $ with it that would be more then great. submitted by /u/lavucci [link] [comments]
The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining industry.
