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Crypto News Updates

Demystifying Mining Data With HashrateIndex

YouTube Video

HashrateIndex is a site focused completely on exposing data from the mining industry. Miners are notoriously guarded about their data since every edge they can maintain has significant implications. It’s a unique product in our 21 Days of Data because it has such a specific focus.

Ethan Vera and Flip talked through each section of their site, why they picked the pieces of information they did, mining in North America and a little bit of gossip, too. It was a really fun interview to put together and its full of information you most likely haven’t dug into yet.

The post Demystifying Mining Data With HashrateIndex appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Listening To Bitcoin With Bitcoin Audio

YouTube Video

Bitcoin Audio is an independent creator that wanted to take the Bitcoin blockchain and make unique music from the on-chain data.

Flip sat down with Bitcoin Audio to talk through the process for building out his app, some of his favorite blocks and his involvement with Bitcoin Magazine’s Our Hero Hal fundraiser.

The post Listening To Bitcoin With Bitcoin Audio appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Taking a Better Look At Bitcoin With Clark Moody’s Dashboard

YouTube Video

Clark Moody has been a long-time staple of the Bitcoin analytics and visualizations community. In fact, Bitcoin Magazine’s first article mentioning Moody goes all the way back to August 2013. From mining to Liquid, Moody’s dashboard gives a great point-in-time visual representation of what’s happening on Bitcoin.

Flip sat down with Moody to talk through his process for deciding which data to present, plans on integrating layer two protocols, and (of course) bitcoin in space.

Also, Moody has created a second visualization, focused on tracking price tickers across different exchanges and futures markets. Although not as popular as his dashboard (yet), it’s a great screen to keep up on your second monitor to track price discrepancies between exchanges.

The post Taking a Better Look At Bitcoin With Clark Moody’s Dashboard appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Interview: Wiz And Simon Of Mempool.space

YouTube Video

For the first day of our 21 Days of Data, we’ve chosen to kick off with one of the more popular data-focused applications out there: mempool.space.

Mempool.space is an open-source mempool visualizer and blockchain explorer for Bitcoin. It features real-time updates and live transaction tracking. It’s unique in that it was developed to focus on the ephemeral data from the mempool, where as most explorers surface on-chain data.

Flip interviewed the two lead maintainers on the project, Simon and Wiz, to dig a little deeper into what makes this one of the best data-focused apps in the Bitcoin ecosystem.

In the interview, we touched on the origin story, some of the technology used and why speed is so important, and heard about some of the improvements needed. The project’s code is open sourced under the MIT license and can be found at https://github.com/mempool/mempool.

The post Interview: Wiz And Simon Of Mempool.space appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Announcing Bitcoin Magazine’s 21 Days of Data

For the next 21 days leading up to Genesis Day, Bitcoin Magazine will be highlighting different data-related projects built by the community (and rolling out a few of our own!).

Each of these projects are run by a small handful of developers looking to delight, entertain or educate. We’ll be posting each one to our social channels, plus doing a few more in-depth conversations with the developers working on these projects. Also, we’ll update this article every day with the latest project to go check out.

At the end of the 21 days, we’ll have reached the 12th anniversary of the first Bitcoin block being mined. Starting in 2019, Trace Mayer urged Bitcoiners to withdraw their bitcoin in custody with exchanges in order to prove that the exchanges actually held the bitcoin they say they did. He coined the name “Proof of Keys Day” (also represented as [Jan/3➞₿🔑] on social media). Although Mayer isn’t a highly visible personality any longer, the concept has stuck around as a day to rally around the idea of “not your keys, not your coin.”

The Projects

Day #1: mempool.space

Mempool.space is an open-source mempool visualizer and blockchain explorer for Bitcoin. It features real-time updates and live transaction tracking. It’s unique in that it was developed to focus on the ephemeral data from the mempool, where as most explorers surface on-chain data.

The post Announcing Bitcoin Magazine’s 21 Days of Data appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Hackers Congress Paralelní Polis Is Ready to Deliver Fifty-Eight Hours Of Freedom Content

To crypto anarchists, Bitcoin is seen as one of the most important tools to help promote self sovereignty and liberation. Yes, there’s fantastic technology involved and “number go up” is fantastic, but the freedom that Bitcoin gives HODLers is the primary benefit.

This weekend, the seventh annual Hackers Congress Paralelní Polis will be convening in Prague, along with a massive, 58-hour long live stream. We sent over a few questions to the conference’s team to help make the case for why this conference is important to Bitcoiners.

Responding to our questions was a team from the event including:

  • Pavol Luptak, co-founder of Paralelní Polis, certified IT-professional and white-hat hacker
  • Max Hillebrand, co-organizer of HCPP TV and the Sovereign Individual Workshops, contributor of many open-source projects, including Wasabi 
  • Alena Vranova, curator of Sovereign Individual Workshops, co-founder of Satoshi Labs (which runs Trezor) and co-author of “The Little Bitcoin Book”

Flip: What’s the mission of this conference and who should be attending?

Luptak: The annual Hackers Congress (HCPP) will take place on October 2 to 4 in the stunning venue of Paralelní Polis, Prague. Traditionally, it gathers freedom activists, technology geeks, artists and scientists. Every HCPP has a current topic — a provocative idea behind it. Continuing the trend of previous congresses in the series, which explored diverse topics such as the binding constraints of global political and economic systems, the manifesto of the 7th Hackers Congress (HCPP20) highlights “Digital Totality” as its main narrative and a current threat to humanity.

The event will focus on safeguarding privacy when drones, cameras, databases and hostile AI are more prevalent than ever before. This year’s event will focus on practical skills, with the overall goal of teaching participants to be more secure and private online. All ticket holders will benefit from rare networking opportunities with famous crypto anarchists, hackers, Austrian Economists, crypto evangelists and activists. 

Flip: What makes HCPP20 special compared to prior years?

Luptak: The key difference is the format. This year’s Hackers Congress is a hybrid (virtual/in-person) event. Viewers around the globe will be able to tune in to HCPP.TV, a public, online, free streaming channel,  which will include various interviews and fireside chats co-hosted by more than 30 of the leading Bitcoin podcasters and YouTubers. This streaming will not include the conference talks.

Ticket holders will have exclusive access to an online hosted version of the meatspace event and the workshops. Personal Sovereignty workshops will cover a range of topics, including the best apps to download to achieve personal sovereignty, how to ensure computer security and how to set up a censorship resistant chatroom. Workshops have been curated by Alena Vranova, co-founder of Satoshi Labs and author of “The Little Bitcoin Book,” and will be led by hand-picked experts such as open-source advocate Travin Keith; hacker and entrepreneur Juraj Bednár; crypto anarchist Kerominer; and certified IT security professionals and co-founders of Paralelní Polis, Pavol Lupták and  Mario Havel. 

The virtual aspect of HCPP will be hosted an all-in-one online conference platform that prioritizes participant engagement and networking.

This year, Hackers Congress Paralelní Polis will continue its annual tradition and distribute exclusive Commemorative Coins depicting famous freedom fighters. One hundred silver commemorative coins celebrating freedom fighter and American whistleblower Edward Snowden will be up for sale while one gold commemorative coin celebrating Aaron Swartz will be available to bid on. Half of the proceeds from the Gold Coin auction will be contributed equally between a non-profit educational program and Aaron Swartz’s mother.

Participants who attend the physical event in Prague will be among the first to view the hotly-anticipated documentary “LIBERTAS,” which will premiere during HCPP. An entirely crowdfunded film, “LIBERTAS” explores the world of crypto technologies in Slovakia and the Czech Republic and examines the potential advantages that they offer as an alternative to current financial and technological infrastructures. 

As with previous years, the lifetime ticket to the current and all future Hackers Congress Paralelní  Polis events will be sold for 1 bitcoin.

Flip: What are the difficulties in scheduling 58 hours of live stream content, in addition to in-person events? 

Hillebrand: First and foremost, 58 hours is a lot of time, and because it is non-stop, we will probably not get much sleep at all. This is why we got 30-plus experienced rockstar podcasters and journalists involved to help out with co-hosting the show. However, already to coordinate everyone to be part of a three-day and night event is tricky, especially considering different time zones.

Further, we have invited 100-plus guests to join the show, including speakers and contributors to Paralelní Polis, but also non-attending guests. Here again, scheduling all the time zones is a mess, especially considering that we want to find a good match of host and guest!

However, just before this amazing weekend starts, it seems that we have managed to curate a great selection of individuals to come on the show and talk about their view of the digital totality manifesting. 

Flip: How prevalent of a role does Bitcoin fit in the agenda of the event?

Hillebrand: To be clear, HCPP is not a Bitcoin conference. HCPP is literally a Hackers Congress, where the core themes are crypto anarchy, self-liberation strategies and cutting-edge new technologies.

However, Bitcoin is such a natural fit for the congress! Bitcoin is pure crypto anarchy, individual full nodes are the kings of their own rules. Bitcoin obviously is an incredibly successful freedom strategy that countless individuals apply today. And finally, Bitcoin is for sure a cutting-edge technology, with such a vast amount of ongoing research and development. Thus you will find many speakers and attendees of HCPP who are deep down the Bitcoin rabbit hole!

Vranova: Typically, the focus of the Hackers Congress is broader — our aim is to provide a set of insights and skills to help individuals achieve more personal sovereignty, privacy and security. Bitcoin topics will occupy one entire stage day with practical Bitcoin and Lightning Network related workshops. Since its inception in 2014, Paralelní Polis has been onboarding hundreds of new Bitcoiners every month — which is probably more than any other physical venue in the world. The Congress — especially in its hybrid onsite/online version — will hopefully teach Bitcoin skills to many more. 

Flip: How is bitcoin an important tool in the growing battle for sovereignty in the age of digital surveillance? 

Luptak: We always consider bitcoin and all other cryptocurrencies (especially truly anonymous ones) to be our most crucial liberation tool. For us crypto anarchists responsible for HCPP20, the goal was still freedom. We love crypto technologies, but they are just tools for our (crypto) liberation. It is also a reason why we refuse and boycott any activities disarming Bitcoin its liberation properties (e.g. KYC/AML), and promote any projects helping people to make mutually voluntary trades (e.g., decentralized markets like OpenBazaar, decentralized crypto exchanges like Bisq, etc.).

Flip: Can people check out conversations from previous events to get a taste of what they can expect for this year? 

Luptak: The HCPP.tv website is already filled with plenty of content from previous years.

The complete streams from Day 1, 2 and 3 of HCPP19 can be found on the Paralelní Polis YouTube

Flip: Is this Paralelní Polis’s primary way to fund the non-profit? How are the proceeds from the conference used? 

Luptak: We would like to have HCPP20 be a way to fund Paralelní Polis, but unfortunately in these difficult times, it is not possible. HCPP20 congress is a big professional event with a relatively big budget, so our goal now is to avoid a potential loss. Any extra proceeds from the conference will be used to help Paralelní Polis to survive in these difficult times. We are independent from government financing and your support strengthens this independence!

All the revenue from the Annual Hackers Congress Paralelní Polis, the biggest cypherpunk event in Europe, are invested into running a four-floor building with a bitcoin cafe, a co-working space, running crypto meetups and workshops to onboard newcomers, a fully equipped studio for streaming and a newly-opened hackerspace.

The post Hackers Congress Paralelní Polis Is Ready to Deliver Fifty-Eight Hours Of Freedom Content appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Unchained Capital Unveils New Ways For Businesses To Custody BTC

Unchained Capital, an Austin-based financial services firm, has announced its new enterprise-grade self-custody offering, aptly named “Business Accounts for Bitcoin.”

The underlying principle of this new offering is “collaborative custody,” for which Unchained’s goal is to focus on simple workflows for funds, businesses and B2B2C providers to manage private keys. Common alternative solutions for managing multiple private keys might be splitting up the keys into multiple pieces and using Shamir’s Secret Sharing or relying only on multisig key security.  Neither of those alternatives take into consideration any actual business logic needed for determining more complex arrangements to spend bitcoin, though.

According to Unchained’s release, it has built the product to add in the additional business logic while still having zero counterparty risk. Each private key in the system is augmented to be tied in with the user-level settings inside of the application in order to offer enhanced functionalities that are specific to its product. However, if you do want Unchained to be part of your key management process, you can integrate with its open-source Caravan product or include Unchained as a backup key holder.  

When asked about the primary customer Unchained is searching for, Parker Lewis, the head of business development, highlighted case studies done with Amber and Tantra Labs in which self custody was a top priority. After working with Unchained’s collaborative custody solution, Amber CEO Aleks Svetski told the firm that “Collaborative custody allows us to do much of the same multi-party schemas, but in a way that spreads the risk across multiple hardware wallet manufacturers, multiple unrelated users, and an extra layer of sharding previously unavailable. Ultimately, Amber is in full control of the funds through our own secure private keys but we leverage Unchained’s expertise, key management technology and Unchained as a backup keyholder to increase security.”

The timing of this announcement comes right on the heels of the Office of the Comptroller of the Currency (OCC) clarifying that banks can now custody bitcoin on behalf of their customers, which is another use case that Unchained is keeping in mind.  

When asked about Unchained’s plans to target banks as customers for this new product, Lewis commented via email that the OCC’s clarification has led to a direct rise of interest in Bitcoin from banks.

“With the recent interpretive letter from the OCC, financial institutions including banks are starting to recognize the need for a bitcoin custody strategy and we’ve seen increasing inbound interest from banks and wealth managers looking for solutions to custody bitcoin,” he wrote. “Our advanced business suite is ideal for these institutions to leverage because it lowers the risk and investment burden, while ensuring the most critical component of the custody chain, private keys, remains in the unilateral control of businesses serving end clients.” 

Disclosure:  BTC Inc is a customer of Unchained Capital.

The post Unchained Capital Unveils New Ways For Businesses To Custody BTC appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Community-Funded Bitcoin Awareness Campaign Unveiled in Hong Kong

Since 2012, the Bitcoin Association of Hong Kong has been one of the strongest local communities focused on Bitcoin, boasting a current membership of over 5,000 people. During the month of September, the organization will be using donations to buy advertising space that feature informative statements highlighting “the risks and merits of Bitcoin”. 

“The goal is mainly to kickstart a conversation around the merits of Bitcoin, especially in the context of the ongoing economic challenges,” explained Leo Weese, co-founder of the Bitcoin Association of Hong Kong. “I think the beauty of it is that it is not a company advertisement, but instead purely focussed on bitcoin itself, as a disruptive technology (#GlobalInternetMoney), a hedge against inflation (#DigitalGold) and as a means for financial inclusion (#BeYourOwnBank).”

During the campaign, there will be five different messages that highlight some aspect of why Bitcoin is an important agent of change. Included in the messages are quotes from Internet pioneer Stewart Brand and FCC Commissioner T.A.M Craven, plus phrases that talk about Bitcoin’s strengths.

At the bottom of each panel includes the message: “Disclaimer: Your Bitcoin are your responsibility.  There will be no bailouts or quantitative easing.  Bitcoin transactions are irreversible.  Not suitable for money laundering.”

When asked if there was any pushback regarding the campaign, Weese said, “There is no pushback yet, the advertising company was a bit worried we might be pushing an investment but they would have been satisfied with adding a disclaimer as well. The ads were put together in just two weeks from inception, fund raising, design and deployment.”

The campaigns will be running across three trams and billboards located in Hong Kong, including prominent spots outside of the Bank of China HK, HSBC and Standard Chartered HK headquarters.  The campaign begins on September 11 and ends October 8.

The post Community-Funded Bitcoin Awareness Campaign Unveiled in Hong Kong appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Our Hero Hal: Fundraising For A Bitcoin Visionary

Hal Finney is remembered as one of the early pioneers of Bitcoin, a peer-to-peer electronic cash system, and an advocate for widespread use of cryptography to help enhance people’s privacy.  

Finney was one of the biggest defenders and supporters of Bitcoin from its earliest days. He rose to the defense of the still incubating technology against fellow cryptologists who were convinced it would never work. Finney held the distinction of getting the first bitcoin ever transferred to anybody as a test from Satoshi Nakamoto (whoever that is).

He was diagnosed with amyotrophic lateral sclerosis (ALS) in August 2009 and fought for years to continue to do what he loved: write code. From one of his last posts on the Bitcointalk forums titled “Bitcoin and Me,” he wrote, 

“ALS is a disease that kills moter neurons [sic], which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis.”

“Today, I am essentially paralyzed… I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now.”

“It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It’s very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals.”

“That’s my story. I’m pretty lucky overall. Even with the ALS, my life is very satisfying.”

ALS is a progressive, fatal neuromuscular disease that slowly robs the body of its ability to walk, speak, swallow and breathe. The life expectancy of a person with ALS averages from 2 to 5 years from the time of diagnosis. ALS can strike anyone, and presently there is no known cause or cure.

The Bitcoin Magazine team is participating in the Nashville Chapter of the ALS Association’s virtual walk and fundraiser. From now until October 3, we’ll be remembering Hal’s legacy in different ways across all of our channels. Please consider donating toward our fundraising efforts by visiting https://bitcoinmagazine.com/our-hero-hal-fundraiser.

If you’d like to donate to the ALS Association with bitcoin, please visit http://halspalsfightals.org/. The Golden West Chapter of the ALS Association is the first chapter to be approved for Bitcoin donations and has worked with CashApp (cashtag $ALSAGoldenWest) to make this possible.

Both fundraisers are being handled by the ALS Association through its websites and we are not directly accepting donations. Please double check all URLs before giving any donations to ensure they’re going to the proper place.

The ALS Association organizes walks all over the United States and there’s most likely one near you. If you’re interested in starting your own fundraiser, please let us know via Twitter and we’ll be sure to help promote your efforts. We’ve also set up a reward on Carrot, a new app we’re using to support all of our missions at Bitcoin Magazine, and you can earn sats if your fundraiser reaches $100 in donations.

As our latest piece of content about Finney, we’ve published an article by Aaron van Wirdum detailing his work on Reusable Proof of Work, “How Hal Finney’s Quest for Digital Cash Led to RPOW (and More).”  His article is the fifth installment of Bitcoin Magazine’s The Genesis Files series, which has covered the advancements that led to Bitcoin’s creation.  The previous articles in this series covered David Chaum’s eCash, Adam Back’s Hashcash, Wei Dai’s b-money and Nick Szabo’s Bit Gold

Finney’s dedication to his craft will always be an inspiration to people that value freedom, privacy and sovereignty. 

Disclosure: BTC Inc is the parent company of both Bitcoin Magazine and Carrot.

The post Our Hero Hal: Fundraising For A Bitcoin Visionary appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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BitBlockBoom Is Bringing Bitcoiners Back Together

Gary Leland is hosting the third installment of the BitBlockBoom conference in Dallas, Texas on August 29, 2020. But this year’s event is decidedly different: this is set to be the first well-attended, in-person Bitcoin event held in the United States since the Covid-19 outbreak began.

Because of the unique situation he’s in, Bitcoin Magazine wanted to check in with Gary and understand more about the preparations he’s making to ensure that BitBlockBoom is both a successful and safe event for everyone attending.


Flip: I think you’re the first well-known Bitcoin event being held in-person since the Covid-19 outbreak (correct me if I’m wrong there) and folks will be super interested in what you’re doing differently/how expectations have changed.

Gary Leland: Yes, I believe we are the first conference since Covid-19 for sure. I appreciate you taking the time to help share BitBlockBoom with your subscribers.

Flip: What are your major drivers for wanting to host an in-person event?

Leland: This will be the third year for the BitBlockBoom Bitcoin Conference, and it has been an in-person event since its inception. My goal is to build a conference I would personally enjoy attending. 

I love networking at smaller conferences where everything is on a much more personal level. While there have been many larger conferences that I have enjoyed, I just prefer a smaller conference with less attendees over a conference with 2,000 or more attendees.  

I am also only interested in Bitcoin, and not really interested in alts or anything else except Bitcoin, so in my eyes, nothing could be better than hanging out with a bunch of Bitcoiners and talking about Bitcoin. Not debating if Bitcoin is better than some other shitcoin, but talking about what Bitcoin is and what Bitcoin will do in the future.
I have found most people do not even know one Bitcoiner that lives in the same city they live in, so they are overwhelmed when they come to BitBlockBoom and meet hundreds of Bitcoiners.

BitBlockBoom is my attempt at building a conference that I would enjoy attending, and it seems there are plenty of others that enjoy this concept since we have grown every year, including 2020.

Flip: How have attendees and sponsors reacted to having an in-person event?

Leland: Most of our growth has come from word of mouth: attendees sharing the conference with their friends and telling them how great it was. If you want to talk about Bitcoin, and just Bitcoin, this is the conference for you. As Tone Vays tweeted, there are four must attend bitcoin events in the world and BitBlockBoom is one of the four.

As far as attendance itself, we will sell more tickets this year than either of the previous years, so I feel people are willing to come to an in-person event. 

It has been a little harder to get sponsors for sure. I have some great sponsors like Unchained Capital, Escher and Cypher Safe.

It has always been hard to get sponsors. It seems most of the companies that offer to sponsor BitBlockBoom are crypto companies, not Bitcoin companies, and this is a Bitcoin ONLY event so I cannot accept them as a sponsor. 

In. case anyone is interested, we do still have sponsorship opportunities available.

Flip: Were there any new hurdles for putting together this year’s event? 

Leland: Yes, with Covid-19 there are definitely hurdles I had never had to prepare for in the past, but I feel I am handling those hurdles, with social distancing, sanitizing stations, providing masks, etc.

Flip: Have you had to work with local government for any approvals?

Leland: We have not had any issues where local government approval was needed, but we are following all the state guidelines and doing more than they require to be safe during these times.

Flip: Will you be requiring masks or implementing any “social distancing” policies?

Leland: We are providing custom BitBlockboom masks to all attendees, and of course, we are using social distancing. We have also implemented a system for marking attendees badges so other attendees will know how much social distancing the individual attendee desires.  They may want partial or complete distancing and this system will allow everyone to identify themselves as to which type of distancing they prefer.

Flip: Will there be options to watch a stream of the event or participate virtually in other ways?

Leland: Yes, all sessions will be on a free live stream and we are now looking for sponsors of the live stream. If anyone is interested in sponsoring the live stream they should contact me. I have a few opportunities left.

Flip: What would you say to someone who argues hosting an in-person event is unsafe at this time?

Leland: I am not sure I would argue with anyone as to what is safe for them. What is safe for a 25-year-old is much different than what is safe for a 70-year-old. So people can make their own decisions on that.

The best thing I can do is take all the steps mandated by the state of Texas for social distancing, which I have done. Then do even more than the state requires. 

Flip: How excited are you to get together with other Bitcoiners?

Leland: I love talking about Bitcoin, and BitBlockboom is one of the best opportunities for Bitcoiners like me to talk to other Bitcoiners. I have made so many great friends over the past two years at BitBlockBoom, and will make more new friends this year. 
While there are other Bitcoin conferences around the world, if you want to actually make friends and relationships with other Bitcoiners, BitBlockBoom is the place. This will be the networking event of 2020 for Bitcoiners. 

Flip: Anything else you’d like Bitcoin Magazine readers to know about the event?

Leland: Yes, I am 65, so I am in the age group that is most affected by Covid-19. Because of my age, I am taking all the precautions I can think of to make this event safe for myself and in doing so hopefully it will be safe for everyone.


If you’re looking to attend BitBlockBoom, use the code “bitcoinmagazine” for a 30 percent discount off the price of a ticket.

BitBlockBoom will take place August 29 and 30, 2020, at the Renaissance Dallas Addison Hotel. See its FAQ for any questions you might have.

The post BitBlockBoom Is Bringing Bitcoiners Back Together appeared first on Bitcoin Magazine.

Source: Bitcoin magazine