And Connecting Your Phone to Use Lightning On-The-Go

Preface

In 2018 I made a tutorial for getting a Bitcoin full node up and running on Linux, and I provided a complete step-by-step process, along with explainers for how to use & understand the bash shell, and what certain commands and their flags did. It’s been 3 years since, and what you’re reading now is the updated and next iteration of that.

This tutorial is 1 of 3 being published in tandem. The one you’re viewing currently is the primary one, and brings the other two together to run over the Tor network, and connect your phone’s Bitcoin & Lightning…


Running LND With a Bitcoin Core Full Node

Preface

In 2018 I made a tutorial for getting a Bitcoin full node up and running on Linux, and I provided a complete step-by-step process, along with explainers for how to use & understand the bash shell, and what certain commands and their flags did. It’s been 3 years since, it’s been fully updated here, and what you’re reading now is the new supplementary Lighting tutorial.

This tutorial is 1 of 3 being published in tandem. The primary tutorial brings the other two together to run over Tor and connect your phone’s Bitcoin & Lightning wallets to it. The other two…


Compile Bitcoin on Kubuntu 20.4 Without Linux Experience

Preface

In 2018 I made a tutorial for getting a Bitcoin full node up and running on Linux, and I provided a complete step-by-step process, along with explainers for how to use & understand the bash shell, and what certain commands and their flags did. It’s been 3 years since, and and what you’re reading now is the updated version. …


Why Decentralized Finance’s value proposition isn’t just a meme

Just kidding.

Decentralized Finance is just a rebrand of Open Finance, which failed to gain traction because OpFi isn’t as catchy.

I don’t know how many words I need to type for Medium to allow me to submit this as an actual post, so I’ll just ramble on a bit until I feel like the length is comfortable.

I should probably add an image to this so that when I link it on Twitter it looks legitimate.

There you go.

Apologies to anyone who was disappointed, but this will be my shortest Medium post ever and I’m so excited to dedicate it…


An Overview Of Mining Pool Exploits That BetterHash Disables

Intro

BetterHash is the working name for alternative mining protocols currently in development. When it’s completed there will need to be enough miners willing to switch to a new mining pool using these protocols, or an existing pool that is willing to service both the old and new protocols while miners gradually ready themselves to switch over. In either circumstance the initial switch will need to be supported by enough miners to make doing so profitable, else profit volatility would be too high. Ultimately miners will need to understand why they should switch, and there will need to be forward thinking…


And Changing Bitcoin’s Proof-of-Work is a Futile Endeavor

Introduction

In the wake of the recent and most (in)significant push to change Bitcoin’s Proof-of-Work, I thought it would be a good opportunity to score some more brownie points from the community by laying it to rest. I’m going to discuss the broader topic of hardware specialization (“ASIC Resistance”), the technical and logical flaws in trying to resist specialized hardware, some history around this, and then I’ll touch on what I hope to be a short lived (and fishy) motion for a Proof-of-Work algorithm change that nobody wants besides two and a half people.

Since the inception of the first alternative-cryptocurrency…


(It’s just your eyes playing tricks on you)

Person A: Look at the Lightning Network, it’s amazing & it’s growing so fast!

Person B: Look at those central hubs, doesn’t look that amazing to me!

Person C: Well, Lightning is still in its infancy, people don’t want to “risk” their Bitcoin on the off-chance the software glitches. Or maybe they just want to wait until they can actually use it for something they specifically find useful, which doesn’t exist yet because these kinds of things grow organically, and merchant adoption will take just as much time as Bitcoin originally took.

Person B: No you don’t understand…LOOK at those…


The differences between Light-Clients & Fully-Validating Nodes

Are you wondering what that even means? Don’t worry, you will. Go make a cup of coffee first, it’s another long one. If you haven’t read this yet, start here:

The following is an exchange I had with Vitalik following the publication of the article above. Although initiated by his response to my article, the purpose of the exchange from my perspective became to extract the underlying reason him and many other Ethereum fans don’t see sharding as diminishing the integrity of the network it’s being applied to. …


Bitcoin is an impenetrable fortress of validation.

Like my Moore’s Law article, this is an excerpt from a much larger article. It’s good enough to serve as a standalone piece because the misconception this aims to put to rest is a commonly raised one that becomes annoyingly repetitive.

Understanding the Bitcoin network without math.

Bitcoin is more than just a chain of blocks. I want to help you understand how Bitcoin’s blockchain network is designed because it’ll help you fill in some gaps as you begin to acquire more knowledge in this field. I say blockchain network because Bitcoin also has a payment channel network (lightning) layered on top of it that doesn’t…


(TL;DR: It has nothing to do with storage space limits)

Introduction

This is an indirect response to the following article by Afri Schoedon, a developer for the Parity Ethereum client, written less than a year ago:

I want to make it clear that I have respect for almost all of the developers in this space, and this is not intended to attack anyone. It’s meant to elaborate on what the real concerns are and explain how the original article does nothing to address those real concerns. I would actually love to see something that does, because then we can throw it into Bitcoin. That being said, there are some developers who…

StopAndDecrypt

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