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Game theory is the science of multi-agent decision making. It uses mathematics to study the strategic interaction of rational decision makers. Game theory has social, logical, and computer science applications. It also has Bitcoin applications at the personal, social, business, and nation state levels. The Bitcoin Dilemma The Center Cannot Hold: 11 Game theory is the science of multi-agent decision making. It uses mathematics to study the strategic interaction of rational decision makers. Game theory has social, logical, and computer science applications. It also has Bitcoin applications at the personal, social, business, and nation state levels. Perfect vs Imperfect Information Sequential games can be organized into two categories, those with perfect information (e.g., checkers) and those with imperfect information (e.g., bridge). A game of perfect information requires that all players know the strategies and payoffs available to the other players, but also know the actions or mo...

Projects like the Declaration of Monetary Independence are examples of how the bitcoin community can bring powerful messages to greater audiences. Aspirational projects like the Declaration of Monetary Independence are designed to engender strong feelings — that’s part of their power. Much contemporary art was made about the American Independence movement, such as William Blake’s “America, A Prophecy,” and Philip Freneau in both “A Political Litany” and “American Liberty.” Such works help communicate the overall message of the movement to a broader audience, and often do a better job conveying the emotionality of the movement than the base layer argument. We can see much artistic output coming from the broad Bitcoin community, with a great output of audio and visual works. For me, when I was exposed to early versions of the Declaration of Monetary Independence project, I was moved to write a couple of haiku. Upon hearing that they were looking for more of such work to assist with th...

Ten31 is a new venture fund named after October 31, the birthday of the Bitcoin white paper. The venture fund’s ethos is tied to its namesake, with a mission to partner with, invest in, and support exclusively Bitcoin-focused companies whose mission is hyperbitcoinization. Ten31 is a new organization named after October 31, the birthday of the Bitcoin white paper. The venture fund’s ethos is tied to its namesake, with a mission to partner with, invest in, and support exclusively Bitcoin companies whose mission is hyperbitcoinization. On October 31, 2008 the pseudonymous Satoshi Nakamoto posted the Bitcoin White Paper on the cypherpunks mailing list, a day that forever altered the course of humanity. Satoshi's email announcing Bitcoin to The Cryptography Mailing List Ten31 commented, “Our mission is to partner with, invest in, and support great Bitcoin companies creating infrastructure for a Bitcoin monetary system. We believe bitcoin is the tool that will facilitate the freed...

A collaborative effort in the bitcoin community to establish the reasons for separation of money and state. There comes a time, in the face of great discomfort and uncertainty, where one is obligated to stand in defiance against an established rule-set with which they may be conflicted. Social contracts are a necessity for organization and the development of civilization. Cultures and societies — as well as governments — can be rendered obsolete — or inferior — as our species & technology advances, progressing our understandings of where we find ourselves amongst one another. Where one might find the rules by which they abide by no longer serve them, but constrain and oppress. “Excess of liberty, whether it lies in state or individuals, seems only to pass into excess of slavery.”- Plato, The Republic Today, the state enjoys this excess liberty. Today, the state has unfettered access to our data. Today, the state has the power of our time. Today, the state has the power of ...

Mark Zuckerberg has an ambitious vision of Facebook’s future. Now he wants to rule the Metaverse. Zuck told the world, “What I think is most interesting is how these themes will come together into a bigger idea…Our overarching goal across all of these initiatives is to help bring the metaverse to life.” At 0:00 on October 29, CEO Mark Zuckerberg announced at the Connect event that the company will change its name from Facebook to Meta. The rebranding marked a turning point in the development journey of Facebook. It is breaking the Internet, everyone’s talking about it. The rebranding is part of the company’s effort to shift away from being known as a social media company and focus on building a metaverse, heading towards the future of a new digital world. Good Luck Facebook As such, the Facebook company will have a new name of Meta, but it is not clear if the Facebook application will be renamed or not. However, it is more likely that the subplatforms will not be changed. A...

Blockchain has certainly affected technological evolution harshly, but not everything went smoothly from the very beginning. Since the 2016-2018 “dark and uncertain” period a lot of water has flowed under the bridge: today projects have a working product before the launch of the token and its distribution. Experts state that NFT is a suitable product for the cryptocurrency market. Today, every NFT’s life begins with the launch or mint of the NFT. With this in mind, we have selected 3 promising projects, at the launch stage. Be sure to check them out and not miss their minting period. Maybe they are the new NFT hits to outshine the already launched iconic projects. CryptoDragons As the creators of a new CryptoDragons Metaverse describe, a new NFT dragon world is a “pungent mix of cutting edge technology and original digital art“. On the newly created platform, several innovative functionalities have been implemented. That is, the first-ever blockchain DNA, earning NFTs (you earn w...

In what is an exciting move, Dvision Network is set to launch its metaverse Dvision World. The launch comes after the successful hosting of Binance Smart Chain’s first anniversary and an Open Beta Test of Dvision Network. A major milestone for Dvision Network Dvision World is expected to go live from November 1, 2021, providing an extensive virtual metaverse for users. According to the Dvision team in a Medium post, the launch of Dvision World represented a major milestone for the project and equalled the mainnet launch held earlier in the year. The post further added that the public launch initiates the start of the ecosystem enlargement phase and the completion of the closed metaverse development phase. Moreover, Dvision has accommodated the Squid Game show related pieces of gaming activities, such as Red Light & Green Light and Tempered Glass content, which became pretty popular after the success of the South Korean survival drama. Users will be able to create avatars, acce...

DIA Association has announced the integration of its oracle infrastructure with the layer 1 distributed ledger NEAR Protocol. This deployment is set to enable the development of new decentralised applications with easy access to accurate and transparent data provided by DIA. The NEAR Protocol, live on mainnet since April 2020, is a blockchain network created and developed by the NEAR Foundation, using a proof-of-stake consensus mechanism. The NEAR ecosystem encompasses several verticals including DeFi, with dApps like Maker , Utility/Infrastructure, with tools like The Graph or games such as Near Lands. The NEAR protocol is also home to NFTs, enabling users to create, mint and sell non-fungible tokens through its engine Mintbase. The blockchain ecosystem has seen a number of new efficiency driven chains surface, aiming to solve the scalability issue that ledgers like Ethereum are showing due to the increasing block sizes and number of daily transactions. In the last weeks, DIA ha...

The Bitcoin idea is 13 years old, and its inception to the world was possible only after decades of research and development. The research paper detailing the engineering and design requirements to enable the first distributed, uncensorable, electronic digital cash system to come to life was released 13 years ago. The Bitcoin white paper publicized the long-sought resolution to the double-spending problem of all previous attempts to build digital cash. However, contrary to popular belief, the invention of Bitcoin by Satoshi Nakamoto wasn’t precisely an unprecedented construction. The quest for digital cash had started many years before the Bitcoin white paper was published, and Bitcoin is more accurately seen as the culmination of decades of research and development. Satoshi brilliantly applied some tweaks and puzzled it all together to devise the Bitcoin network and its consensus protocol. Bitcoin marvelously joins together digital signatures, proof of work, public-key cryptogra...

A shortage of semiconductor production is at the forefront of geopolitics and it’s inevitable that this issue’s relation to Bitcoin mining will be as well. Supply chain shortages are starting to reveal many geopolitical dependencies on external actors for different resources, and the overall fragility that those dependencies can create for any given nation when supply chains are stressed. All it takes is for one little domino to tip and problems cascade through the entire system. It should come as no surprise that nations are starting to view these compounding problems as national security issues and responding accordingly. Addressing The Semiconductor Shortage For instance, the U.S. Department of Commerce under the Biden Administration has become very involved recently in addressing supply chain issues, specifically in the context of semiconductor shortages. As far back as April and May 2021, it has been meeting with semiconductor companies involved in different points in the sup...

Those who criticize Bitcoin fail to see that it is a technological representation of decentralization, often copied by others hoping to improve upon it. Recently, I had the privilege of reading an op-ed in the New York Magazine describing the very public positions of several Wall Street investors and academics regarding bitcoin. Most notably, New York University Professor Nassim Taleb (who had previously been favorable to bitcoin, citing its potential to help individuals circumvent capital markets) called bitcoin “a Ponzi scheme,” while hedge fund manager John Paulson said that all cryptocurrencies are essentially “worthless.” This criticism, given both the circumstances and the background of the individuals in question, makes sense. A significant percentage of traditional investors are wary of bitcoin because it is simply unlike anything they have seen before. Critics often cite what they believe to be a fundamental lack of intrinsic value in digital assets as the primary reason for...

This guide will show you how to quickly and easily protect your funds in your Bitcoin Lightning channel. The Lightning Network is a trustless* Layer 2 network for Bitcoin and brings forth many improvements in speed and cost of final settlement. I use an asterisk on trustless because although it is, there are a few caveats to take into consideration so that your funds are safe, aside from normal hot wallet risks. Watchtowers, which we’ll cover today, ensure that your funds are safe from malicious channel closures, which is one of the main risks of running a well-capitalized Lightning node. Lightning channels are currently constructed through setting up a two-of-two multisig address, in which your funds are locked up with another party. Either party has the secret to revoke the multisig contract and settle up at any time, but only if both nodes are online can it be closed immediately. If your node did go offline, the other party has to either wait for you to come back online or force c...

The week was filled with amazing headlines, including bitcoin ETFs and bullish politicians, that seemed worlds away just a short time ago. Summary of the Week Despite some relative sideways action during the week, there was a lot of excellent news and even more bullish news; a new layout for this week’s roundup. It was another week of ETFs, billionaires and politicians being bullish and Jack Dorsey’s companies pushing further into the bitcoin space. Let’s have a look at this week in bitcoin. Monday The week started off bullish, despite dipping below $60,000 last weekend. A report revealed that Mastercard, in partnership with Bakkt, plans to allow its merchants worldwide to accept bitcoin payments in the near future. Sadly, VanEck’s bitcoin ETF was delayed from launching on Monday. Billionaire investor, Anthony Scaramucci, confirmed that his bitcoin investment was worth over $1 billion dollars, seeing a dramatic climb over the last few months and Notorious “crypto clown,” Elon Mu...

In a late night fever, I had to explain to my friends the importance of the mission of Bitcoin and the economic clarity it provides. My 2 a.m. Bitcoin Epiphany from January 12, 2020, that I sent to my closest friends. Friends, I just had an epiphany that has finally convinced me why I will be buying more bitcoin. My epiphany is as follows: The only investment vehicle available on the market today that cannot be, will not be and has not been manipulated, so as to be a reflection of true market fundamentals, supply and demand, and true value is bitcoin . Companies on the stock exchanges can buy back their stock with inflated dollars and they can split their stocks. The gold and silver market is manipulated because there is more "paper silver and paper gold" than there is actual silver or gold per each paper shareholder. Bonds keep issuing more debt and their real rates are negative. Real estate and other hard assets are overvalued and their over valuation is a direct ref...

In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed sighash flag SIGHASH_ANYPREVOUT and Eltoo, a proposed Layer 2 protocol. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed SIGHASH_ANYPREVOUT, a proposed new sighash flag that would enable a cleaner version of the Lightning Network and other Layer 2 protocols. Sighash flags are included in Bitcoin transactions to indicate which part of the transaction is signed by the required private keys, exactly. This can be (almost) the entire transaction, or specific parts of it. Signing only specific parts allows for some flexibility to adjust the transaction even after it is signed, which can sometimes be useful. Van Wirdum and Provoost explained that SIGHASH_ANYPREVOUT is a new type of sighash flag, which would sign most of the transaction, but not the inputs. This means that the...

The programmer behind the first Apple computer drew parallels between the "artificial" U.S. dollar and the "mathematically pure" Bitcoin. Bitcoin is mathematical purity and impossible to be copied, said Apple co-founder and 'Unicorn Hunters' Circle of Money Investor, Steve Wozniak, in an interview with Yahoo Finance on October 29. "Look at the U.S. dollar, the government can just create new dollars and borrow; it's like you never have it fixed, like Bitcoin," Wozniak told Brian Sozzi and Julie Hyman. "Bitcoin is mathematics, mathematical purity. There can never be another Bitcoin created." The entrepreneur drew parallels between the U.S. monetary system and the electronic peer-to-peer monetary network. Whereas the U.S. dollar seems "artificial" to Wozniak, he enjoys the "science, math, logic, and computer programming" embedded in Bitcoin. "If there's inflation, your house goes up 10x in 40 years and y...

This new order from by HIVE follows the two recent purchases of 4,000 and 6,400 Canaan's Avalon miners units in August and January. HIVE Blockchain ordered 6,500 bitcoin mining machines from Chinese maker Canaan. The purchase builds on the two firms' partnership which has sent the Canadian miner over 10,000 machines this year. HIVE expects to reach 2 EH/s BTC mining capacity by the end of 2021. Bitcoin miner HIVE Blockchain has secured another purchase order of Canaan machines, the manufacturer announced in a release . The miner will receive 6,500 latest-generation Avalon bitcoin mining rigs from Canaan in a follow-up order to the 10,400 other units purchased this year. "The additional purchase order from HIVE further strengthens our working relationship," Nangeng Zhang, chairman and CEO of Canaan, said. "We will continue to position ourselves as an important partner for HIVE as they accelerate their business growth. With our next-generation Avalon Miners ...

The Australian Securities And Investments Commission has given early approval to fund managers seeking to launch Bitcoin spot exchange traded funds. The Australian Securities And Investments Commission (ASIC) has given early approval to fund managers seeking to launch Bitcoin spot exchange traded funds (ETFs), according to Business Insider . Many Australian funds have already begun the application process after ASIC green lit the spot ETFs. After months of consulting with experts in the Bitcoin and crypto industry, the corporate regulators issued new guidance for the space, and detailed a draft of regulatory requirements for funds eager to offer Bitcoin spot ETFs. In a statement on Friday, ASIC wrote, “We recognise the interest in, and demand for, ETPs and other investment products that hold crypto-assets in Australia.” One requirement for fund managers is they will need to appoint a Bitcoin custodial expert who is “required to ensure crypto-assets are held in safe and secure custod...

Three months after the major network upgrade of Hard Fork London, Ethereum blockchain today has successfully embarked on another upgrade – the Beacon Chain’s Altair Upgrade . As previously confirmed by the development team, the Altair upgrade finally goes live on October 27th, marking one big step towards the much-awaited Ethereum 2.0. It’s still a long way until Ethereum 2.0 is here, but it is well on its way to being a reality. Ethereum Altair Upgrade Activated After several delays, Ethereum has shown signs of Ethereum 2.0 phase 0 with the Altair upgrade. The Proof-of-Stake transition is underway! The Beacon Chain was released at the end of 2020, alongside the activation of Staking, and was the most anticipated event in the Ethereum community. Before Beacon Chain , the Ethereum network was secured by mining. With Beacon Chain, users will stake (stake) ETH to activate the validator software. Being a validator is always easier than mining and therefore it will make Ethereum more...

Japanese-based tech giant LINE Corporation announced that the firm will be working with Opulous – an artist-focused platform that is developing NFT products. The team will extend the ability of NFTs to be used music industry , which may be a great thing for recording artists. The NFT market has been focused on artworks in 2021, but the format can be used for any kind of digital media. It looks like LINE is picking up on this potentially massive market. LINE And the Music Industry As part of the strategic partnership, LINE TECH PLUS – LINE’s subsidiary focusing on cryptocurrency and blockchain will work directly with Ditto Music to integrate Opulous services solution for music copyright. LINE’s NFT Market will feature Opulous Music NFTs, according to the announcement, in order to offer multiple NFT options to LINE users. This move is expected to stimulate the development of the NFT market, and may drive more adoption of the new format in the NFT ecosystem. Apart from its focus on...