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Ride & Smile
rideandsmile@iris.to
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Discovering other worlds
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Ride & Smile 8 months ago
Long-form Content: bitcoin (Wasabi Wallet and Artificial Intelligence) Lucas Ontivero, a developer working on Wasabi Wallet, writes that integrating Large Language Models with embedded Scheme scripting enables bitcoin wallet users to execute complex transactions through natural language commands, overcoming traditional GUI limitations and programming knowledge barriers
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Ride & Smile 8 months ago
The problem with Bitcoin Treasury Companies https://njump.me/naddr1qvzqqqr4gupzqy8hclmh9hvfxd7v3kmqg89kzwewv6y030ge962ew2fht86ks0dfqqe9g6r994c8ymmzd3jk6tthd96xst2zd96xxmmfdck4gun9v9eh2une94pk7mtsv9hxjetn94ehzumgxsus8kxml2 DugandRupe, a pseudonymous Nostr user, writes that bitcoin treasury companies like (Micro)Strategy create unnecessary complexity and risk compared to simply holding bitcoin directly, questioning whether their leveraged strategies justify the loss of self-custody and potential management risks
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Ride & Smile 8 months ago
What Does Scaling Bitcoin Mean? What Are We Scaling? Bitcoin has a scaling problem. It was designed to facilitate payments not dependent on trusted third parties, and in order to accomplish this the system needs to be verifiable for all users to ensure payments are valid without trusting the word of a third party. These two things are diametrically opposed. Scaling has to go throught: Trustlessness Settlement Finality Cost Liveness Requirements Putting It All Together To scale Bitcoin is more than just increasing the number of transactions it can process per second. We can do that right now with custodians. To scale Bitcoin is to increase the number of transactions that can occur trustlessly, with censorship resistant finality, without burdensome requirements of liveness placed on the user, and for a cost that a larger set of users can afford. If we can’t scale those properties, then Bitcoin hasn’t actually scaled, no matter how many transactions a second are occurring with bitcoin the asset.