Greetings Bitcoiner,

Welcome to Issue #125 of the Bitcoin Breakdown, where we’re celebrating a new Bitcoin all-time high by inviting you to join our free private community if you're interested in securing a Plan B residency in a Bitcoin-friendly jurisdiction—a smart strategy for any Bitcoiner looking to maximize freedom and safeguard their way of life.

Happy readings! 👽️

TOGETHER WITH BITCOIN SOVEREIGNS

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• Structured Roadmap: Tailored guidance for beginners and experts alike.

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OPSEC FEATURE ARTICLE

Best Email Alias Services In 2024: Protect Your Email Privacy

Email alias services enhance your privacy and help you manage multiple email addresses efficiently through features like spam reduction, privacy protection, and management of multiple online identities.

In this week’s OPSEC feature article, we explore the best email alias services and their features.

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🏆 FEATURE STORIES

• Matthew Ferranti, an economist for the US Intelligence Community and previous White House Council of Economic Advisor, argues in recent paper for the Bitcoin Policy Institute why Bitcoin should be considered as a reserve asset by central banks, outlining various reasons that support his case (Oct 24 | 10 min read).

• Kaká Furlan, founder of Area Bitcoin, writes about the role of Bitcoin in Flag Theory, a strategy for global diversification across multiple jurisdictions that empowers individuals to achieve financial freedom and independence from state control (Oct 24 | 7 min read).

• Kiara Bickers, author of Bitcoin Clarity, explains how Blockstream’s Shielded CSV Protocol enhances Bitcoin’s scalability and privacy by enabling client-side transaction validation, boosting transaction capacity while preserving Bitcoin’s decentralized principles without requiring any blockchain changes (Oct 23 | 7 min read).

• Jimmy Song shares his prepared opening remarks on the Bitcoin Ossification Debate he had with Jameson Lopp at the Lugano Plan B Forum; Song’s main argument being that money is better when its not changing and we need the base layer to be stable for the layers on top to mature (Oct 25 | 5 min read).

• Darthcoin, a comedically toxic Bitcoin educator, shares on Stacker News his transformative journey in Bitcoin, detailing his past struggles against oppression, the importance of Bitcoin adoption, and the inspiration behind his online persona (Oct 21 | 25 min read).

• Kyle Huber, host of the We Are Satoshi Podcast, challenges the notion of being too late to invest in Bitcoin, highlighting its advantages as a superior form of money, protection against inflation, and growing institutional adoption while emphasizing its potential life-changing benefits (Oct 26 | 10 min read).

• Che Kohler of The Bitcoin Manual explores how Simplicity, a low-level programming language by Blockstream designed to write smart contracts on Bitcoin, bridges the gap between Bitcoin’s security and the innovative potential of applications built on Bitcoin (Oct 18 | 6 min read).

• Joakim Book, a financial writer and editor, clarifies the misconception repeated by many Bitcoiners that the Federal Reserve quadrupled the money supply during the pandemic, explaining instead that an accounting change led to an apparent surge in M1 without drastic monetary expansion (Oct 21 | 2 min read).

• Joakim Book also critiques the European Central Bank's recent paper on Bitcoin, arguing that its potential to enhance economic productivity is overlooked and that its value appreciation is not merely redistributive (Oct 25 | 6 min read).

• Dirac Delta, aerospace materials engineer, argues that the common Bitcoin debate framing of ‘Store of Value’ versus ‘Medium of Exchange’ is flawed, proposing that a proper understanding hinges on recognizing the interconnectedness and temporal aspects of value storage and exchange, with a standard of value implicitly being a type of store of value (Oct 29 | 5 min read).

• Jesse Shrader, co-founder and CEO of Amboss, argues why Max Flow, a metric for assessing payment reliability, is essential for accurately measuring the Lightning Network’s performance, allowing for optimized liquidity and scalability as Bitcoin adoption grows (Oct 22 | 5 min read).

• Conduition, a pseudonymous cypherpunk, explores the threat of quantum computers to Bitcoin's cryptographic security, discussing hash-based signature schemes as potential solutions to mitigate these risks without immediate consensus changes (Oct 21 | 53 min read).

• John Carvalho, CEO at Synonym, unpacks Pubkey, a project that aims to revolutionize the internet by offering a user-controlled platform where individuals own their data, identity, and content, free from the constraints of Big Tech algorithms and censorship (Oct 27 | 3 min read).

• Rhino Bitcoin unpacks Bitcoin dominance, a critical metric in the wider crypto ecosystem that reflects Bitcoin's significant influence and security compared to altcoins, while also indicating investor sentiment and risk appetite (Oct 21 | 4 min read).

• Ansel Lindner, an economist and Bitcoin & macro researcher, argues that while Bitcoin doesn't directly fix current economic crises, its adoption is driven by a deteriorating monetary environment, revealing a future where sound money principles thrive (Oct 24 | 5 min read).

• Kadan Stadelmann, a developer and security expert, argues that central banks, not Bitcoin, are the true source of economic inequality and inflation, suggesting that Bitcoin serves as a solution rather than a problem in addressing wealth redistribution (Oct 25 | 4 min read).

• Andy Greenberg of Wired profiles ZachXBT, the masked vigilante that recently uncovered a $243M Bitcoin theft, potentially the largest crypto heist targeting an individual, all while remaining anonymous and monitoring suspicious transactions online (Oct 24 | 18 min read).

• Luis Lopez of Bitcoin News analyzes Bitcoin's price patterns post-April 2024 halving, exploring historical cycles and key factors like institutional adoption and macroeconomic trends that could impact the next peak expected between 2025 and 2026 (Oct 22 | 4 min read).

• Skot, founder of Bitaxe, discusses his foray into the open-source Bitcoin mining movement, creating accessible, low-power ASIC-based miners that empower over 4,000 community contributors to decentralize and democratize Bitcoin’s mining landscape in an interview with Bitcoin Magazine’s Frank Corva (Oct 22 | 7 min read).

• Matt Crosby analyzes Bitcoin's current price action and investor behavior, suggesting that it may be on the verge of another bull run, reminiscent of previous cycles, potentially leading to new all-time highs (Oct 25 | 5 min read).

• Clay Garrett and Jonathan Pollack introduce Bitkey's innovative white paper on secure smartphone Bitcoin wallets, aiming to make self-custody accessible and user-friendly while ensuring robust security, privacy, and recovery options for all users (Oct 24 | 6 min read).

• Tyler Cowen, professor of economics at George Mason University, argues that it is important to identify who Satoshi Nakamoto is, stating the economic, political, and intellectual implications tied to their identity and legacy (Oct 21 | 3 min read).

• Steven Kuhn of Unchained documents the rise of sophisticated fraud attacks targeting bitcoin holders and offers essential strategies to recognize these scams and protect your Bitcoin from impersonation and coercion tactics (Oct 23 | 5 min read).

• Jonny Reck, a Bitcoin advocate that is building a fund known as Maslow Properties, explores how integrating Bitcoin into a real estate portfolio can mitigate confiscation risks from rising property taxes and judicial inefficiencies, offering a strategic wealth preservation approach (Oct 24 | 7 min read).

• Boaz Sobrado, a fintech analyst and commentator based in London, explores how central banks, including the European Central Bank and the IMF, are increasingly paying attention to Bitcoin's disruptive potential, recognizing its implications on monetary policy and wealth distribution while grappling with its impact on economic inequality (Oct 27 | 5 min read).

• Bitcoin Majlis, a grassroots Bitcoin Muslim initiative, asserts in an essay that money emerged organically through market interactions, evolving from barter to the use of highly salable commodities, rather than being imposed by state authority (Oct 22 | 14 min read).

• 028559d218, a pseudonymous Stacker News user, emphasizes the importance of defining terms in the Bitcoin community to prevent confusion and chaos, arguing that clear distinctions between Bitcoiners and crypto investors are essential for understanding Bitcoin's role in the economic revolution (Oct 23 | 7 min read).

• Atlas21, a Bitcoin news website, provides a thorough guide on how to verify software wallet signatures, emphasizing the importance of this security practice for Bitcoin users and detailing methods for Linux, macOS, and Windows (Oct 24 | 3 min read).

• Atlas21 also compiles a review of Jam, an open-source, non-custodial graphical user interface for the JoinMarket protocol, enabling users to perform Coinjoin transactions (collaborative p2p Bitcoin transactions) easily and enhance their transaction privacy (Oct 29 | 5 min read).

OTHER NEWSLETTERS TO CHECK OUT*

• The Early Bird is a 7:00 AM newsletter for those that feel like they're at an information disadvantage.

• Why We Buy 🧠 is the free buyer psychology newsletter making you a smarter marketer (and look like a genius to your boss or clients).

• TECHPRESSO keeps 100,000+ professionals up to date with AI & Tech in just 5 minutes a day through their free daily email delivering top tech news and insights.

• Crypto Pragmatist is read by 60k+ subscribers for their industry insights & research.

• The Merge delivers military tech, trends, and happenings twice-weekly to 28,000+ insiders.

• Tim Ferriss's 5-Bullet Friday offers an exclusive weekly email with the five coolest books, gadgets, hacks, and more he's been loving and exploring.

• TLDR gives you the most important tech, science, & coding news in 5 minutes. Read by 1,250,000+ software engineers and tech workers.

*You can find more here.

🛠️ TOOLS & PROJECTS

• LightStack is a self-custodial cloud stack that you can deploy to run your Lightning and Bitcoin nodes (own domain and a VPS somewhere are needed).

• Nodana offers a one-click install of Lightning and Bitcoin with zero command line needed.

• BitBox introduces Silent Payments and MiniTapscript in its latest ‘Lugano update’, enhancing privacy and efficiency for Bitcoin transactions.

• Africa Free Routing announces the second edition of its Lightning Development Bootcamp coming up in Nairobi, Nigeria on December 3rd to 6th.

• The Liquid Network undergoes a rebrand, featuring a new logo and website to represent its role within Bitcoin's layer-2 ecosystem.

• Coordinate is a sidechain offering faster and cheaper transactions, and improved scalability, aiming to extend Bitcoin's functionality for developers and users.

• Musqet, a Bitcoin payments company, now supports Bolt card payments.

• Wavlake, a value-for-value music streaming platform, introduces Top Up, a new feature that helps users earn rewards by listening to promoted music.

• Docstr is a simple document management system that helps people create and delegate documents over the Nostr protocol.

• Eartho is open-Source, privacy-focused alternative to Google sign-in.

💥 MEME BREAK

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Until our next transmission,

Naiw

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