m4ktub

Since it promises to be quite revolutionary, for peer-to-peer trading, the announcement of local.Bitcoin.com (LBC) has attracted a lot of attention. But its main enabling feature, the blind escrow, is technical and this might leave most people suspicious of the platform, as they can’t verify the claims. To be transparent about it, Bitcoin.com published the bitcoin scripts/contracts used in the esc...
I've been wondering about a more effective way to communicate the bitcoin concept and why does it matter. Typically I come across two kind of people. 1. Like-minded people who feel offended for not being told about bitcoin earlier, or 2. The majority that tolerates me, and my unexplainable excited exposition, to various degrees. Even if people go like "Oh, that's cool!" there's no rea...
Some time ago I've read that privacy is a matter of consent. privacy is about consent -- someone, the internet It made me think. Yeah, it makes sense. If you don't give your consent to share certain information, and someone does it, then that's a violation of your privacy. And most services ask your consent, through privacy policies or the service's terms and agreements, which seem to recogniz...
When CashAddr was introduced, my expectation for that address format was that it would replace the legacy Base58Check encoding in all its uses. The same way Bitcoin historically had addresses starting with 1 and 3, Bitcoin Cash would have addresses starting with q and p. From early on, it was obvious that most of the ecosystem had adopted CashAddr for standard addresses but had preserved support...
A few weeks ago I came across the following Tweet: https://twitter.com/dgenr818/status/1080847974404579329 TDIL (That Day I Learned) that even the most knowledgeable can be defenseless against perceived authority as they shut down critical thinking. Everyone should know that the law distinguishes possession from ownership. That's what allows safe deposit boxes to exist or makes theft a c...
Apparently, instead of discussing governance and how to ensure stable upgrades moving forward the topic of the day became Avalanche, or more specifically, the application of Avalanche to Bitcoin Cash. I guess we move from one contentious topic to the next. I'll venture that it started with the first merge of code in Bitcoin ABC. Some people quickly weaponized that change and said Bitcoin Cash w...
In a previous post I’ve explored the concept of coins. Nevertheless, there was another important concept that I’ve only mentioned briefly which is that of “ownership”. Using the physical wallet analogy, it’s intuitive that if you have a coin in your wallet then you own it and you can spend it. Restricted physical access is the criteria used for ownership. But, in bitcoin, every coin is “out there”...
One of the most fundamental but least intuitive concepts regarding Bitcoin is the “coin”. Most wallets show users a balance and a history of transactions, so it's normal for people to think that it works like a bank account. Isn't the motto “be your own bank”? The “bank account” model works reasonably well for every day's usage but, even if you don't peek behind the curtain, you can see it break...
The interest for how the current economy works has spiked with the 2008 financial crisis but now, 10 years later, things are back to normal. The catastrophe was averted, the economy is picking up, and people carry on with their lives. My interest also started around 2008 with the Chris Marten son’s Crash Course [1]. From there I've discovered and read about Freegold [2], and later bitcoin. Despi...