Damus

Recent Notes

Documenting ₿itcoin 📄  profile picture
Bitcoin is proving to be a tangible social good, and supercharged by Lightning the most transformative technology in Africa.

CNBC: "In countries where the vast majority of the population is unbanked, Bitcoin can be a vital lifeline for survival", reports a well-informed MacKenzie Sigalos, quoting Jack Mallers, Alex Gladstein, Ray Youssef and other important visionaries and leaders.
https://www.cnbc.com/2023/03/26/bitcoin-is-poised-to-blow-up-africas-86-billion-banking-system.html
11❤️2🤙5
QuietBitcoin · 24w
The internet sells complexity. Bitcoin teaches simplicity.
Documenting ₿itcoin 📄  profile picture
Bitcoin isn't a Ponzi scheme, Bitcoin turns out to be the only thing that's not a Ponzi.

Exchanges, banks, companies, governments are collapsing and failing left, right and center. Opt out, get on zero, stay humble, stack sats!

https://bitcoinmagazine.com/business/silvergate-bank-announces-liquidation-and-winding-down
https://www.forbes.com/sites/siladityaray/2023/03/10/silicon-valley-bank-shares-drop-64-in-pre-market-as-vc-funds-tell-firms-to-withdraw-funds
Documenting ₿itcoin 📄  profile picture
Count of published peer-reviewed papers, theses, books, and other scholarly literature mentioning Bitcoin:

2009: 83
2010: 136
2011: 218
2012: 424
2013: 868
2014: 2,070
2015: 2,820
2016: 3,380
2017: 6,460
2018: 11,500
2019: 20,300
2020: 24,000
2021: 25,600
2022: 26,100
2023: 🤔

#NGU

Data from Google Scholar, curated by @nostrich
Documenting ₿itcoin 📄  profile picture
Bitcoin today uses at least 52.6% sustainable energy, that's a lower-bound estimate.

New research by Daniel Batten has updated University of Cambridge data with more information and the latest developments in the high-tech and fast-changing Bitcoin mining industry, again debunking misinformation published by Alex de Vries (Dutch Central Bank) and propagated by figures like Bill Gates and Elon Musk.



https://bitcoinmagazine.com/business/bitcoin-uses-mostly-sustainable-energy
Documenting ₿itcoin 📄  profile picture
Satoshi Nakamoto posted this 13 years ago today:

"Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge. But don't worry, there are (...) 8 decimal places internally."

∞ / 2.1 quadrillion

And on Lightning there are even 3 more decimal places, with the unit called "Millisat" facilitating an exchange rate of 1 billion USD per 1 bitcoin for msat/cent parity.