Mempool.space adds Bisq as second layer of Bitcoin
News quite interesting. If you are a fan of Mempool.space you could see that for some time now you can track blocks in Liquid. Some time ago Mempool.space team added support for Bisq, who is neither Sidechain nor Sideblock, although in terms of the second one you can think about it.
Bisq is the best decentralized exchange that someone ever created ;) You can use it to exchange Bitcoin for Fiats or Bitcoin for other crypto (instead of tokens of the same network like in ETHF).
But the project is important for the Bitcoin ecosystem and it's nice that it's been appreciated in this way
Taproot coming?
It's just my opinion, so it may not be worth believing in, but there has been a lot of activity on the introduction of the upcoming Soft Fork recently. There are more and more materials in the world discussing the introduction of this update to the network. It's happening?
https://www.reddit.com/r/Bitcoin/comments/hqzp14/technical_the_path_to_taproot_activation/
https://www.reddit.com/r/Bitcoin/comments/hrlpnc/technical_taproot_why_activate/Bluemi Inc adds support for RSK in osCommerce
If you are a fan of RSK and you use a Bluemi operator in the osCommerce (xD) software, you have a good day because Bluemi has added RSK support for this platform.
https://github.com/bleumi/bleumi-pay-oscommerce/blob/master/Bleumi%20Pay%20-%20Installation%20Guide%20for%20osCommerce.pdf
Jack Mallers raised $3.5 million to develop Strike
Jack Mallers, a popular young developer of Lightning is raising money and expanding his team to focus on the revolutionary Strike solution. Strike is an ecosystem that acts as a ramp to connect the worlds of Bitcoin (Lightning Network) and Fiat for the best possible sharing experience. With these solutions you will be able to get a VISA card and pay in stores or from your bank account to pay Lightning invoice (and much more).
Unfortunately if I'm not mistaken it's only for the USA.
https://cryptonews.com/exclusives/bitcoin-pioneer-ln-markets-raises-capital-builds-liquidation-7157.htm
LN Markets is growing
Forgive me for such a terrible title, but I'm not an expert on the market. The LN Markets project, or "Lightning Bitmex", is a project for traders to multiply or lose cash by shortening or longing. Currently, the exchange is looking for investors who will help it to exceed the next limits. In a year and a half, LN Markets (which is in alpha phase) handled over 22 thousand transactions despite quite large limits.
The company wants to introduce new financial instruments and increase the possibilities of their design thanks to the use of RGB (Smart Contracts in the Lightning network) and support for stablecoins.
https://cryptonews.com/exclusives/bitcoin-pioneer-ln-markets-raises-capital-builds-liquidation-7157.htm
[CryptoAD] BitNova - an announcement
As some people probably remember, I've been working on transferring projects to Bitcoin for some time. I have 3 main projects, which I would like to spend until max 2022 (I'll try to get them all wrapped up by January 1st 2021). Since the work on BitNova is advanced, I announce that it will probably come out ;)
BitNova is a free game (no micropayments), which is a clone of classic versions of Ogame (but not very classic xD is hard to explain, because the game has changed a lot with time), in which players try to dominate the universe. Players develop, colonize planets and eventually become the emperor of all things.
BitNova also draws on the Bitcoin ecosystem, playing the game you can earn Satoshi, which we can pay (for now) in the Lightning network and on RSK.
In case of the tax, very simple solution just don't mine the supposed upgraded chain, and let it be 2 chains, one supports the tax the other doesn't, very simple, centralization my ass, at least you can choose if you want tax or not.
Guess what, I think people will go for the tax so that they can pay development, in the case of Bitcoin, they didn't tax the mining Bitcoin just gave up on trying to be a currency and instead decided to be MoneyGram Lightning Network which is not a currency just a money sending service.
Lightning Network means two onchain transaction fees plus routing fees on top, you can't be a currency with three fees, the best you can hope to be is Western Union. Not to mention you are not private whatsoever.
Bitcoin Cash will charge you a tax, Bitcoin sold out to governments and corporations and gave P2P, that's a hell of price to pay for development, I rather pay 8% than give up peer to peer currency.
By to way I have been using Western Union Lightning Network because to not pay the opening and closing of channels I have been forced to use wallets like Phoenix and wallet of satoshi.
And many other will continue to use lightning this way just to not pay onchain fees and many are starting to think using wallets like that is actually using Bitcoin which is not it is just another PayPal account.
At Phoenix Wallet, you have to pay a fee because it's a non-custodial wallet. And what you can do is:
- Abandon Bitcoin
- Promote Lightning to keep onchain fees as low as possible
- Recommended for fee reduction solutions on the first layer like SegWit, Schnorr, Taproot.
BCH will not allow itself to split, because it would be dead.
I don't care what happens to Bitcoin Cash, for all I care all Bitcoin direct forks should die, just like Bitcoin will. The moment Bitcoin dies, I don't want a fork to say we are the new Bitcoin, I want anyone that holds Bitcoin or any fork to lose their money for forgetting what was supposed a peer to peer currency.
All fiat will start experiencing hyperinflation, and when people try to use Bitcoin to scape hyperinflation than they will realize Bitcoin is not a currency and the price will dump. People will not go to Bitcoin just to hold it at some point they will want to use it, but in a hyperinflation world usage will be so big that tx fees will go so high that people will dump it.
And lightning network will mean double the fees, not to mention custodian wallets may 3ven get a letter saying please give us this and that user funds because we are the government, and since the only way to pay less tx fees is to use custodian wallets, pretty soon people will realize they are using PayPal Lightning Network account when their custodian wallet overlords tell them that the government has ask for their funds and as such they can go and suck a dick for not owning their own keys.
Bitcoin not being a peer to peer currency will only come to light once people try to use it as such, and it will be when people will want to use it the most as a p2p CURRENCY but it will be when they realize they got fuck.
Hyperinflation in fiat currency will show the importance of peer to peer currency with low fees, but if you haven't cash out into something else by that time, you won't even have the possibility to dump because the network will be stuck with higher and higher tx cost.
You don't need to be that smart to realize high transaction fees will be the end of Bitcoin in a hyperinflation world.
Bitcoin is no ordinary cryptocurrency - thousands of developers, millions of users and a very large adoption (for a crypto) make it the largest project in the world.