Greetings Bitcoiner,

Welcome to issue #97 of the Bitcoin Breakdown, where we have a quick favor to ask you.

Each week we spend several hours crafting this email to make sure the most pertinent Bitcoin-Only developments and stories reach you. It’d mean the world to us if you could share Bitcoin Breakdown with just 1 person who you think would also enjoy it.

Happy readings! 👽️

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OPSEC FEATURE ARTICLE

The Premier Free and Open-Source 2FA App in 2024

You might have heard about how hackers recently breached a certain platform's 2FA app, compromising 93 user accounts by registering additional devices and attempting re-registration of 1,900 phone numbers on Signal.

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🏆 FEATURE STORIES

• Nicolas Dorier, BTCPay Server Developer, explores the potential of the Lightning Network to create a decentralized, untrusted Bitcoin-Dollar system, proposing an approach that could render stablecoins and traditional banking liabilities obsolete (Jul 22 | 14 min read).

• Marconius Solidus, a privacy enthusiast, writes a thread that provides seven tips to enhance digital privacy and empower people to protect their online information effectively (Jul 22 | 1 min read).

• David Bailey, Chief Marketing Officer for Azteco, explains why and how bitcoin needs to cross the chasm of consumer adoption through improved user experience, education, and practical applications that prioritize ease of use over technological complexity (Jul 18 | 17 min read).

• Lyn Alden, an investment analyst, writes about the power of Nostr and its ability to enable users to control their digital identities, seamlessly transfer content and followers across platforms and facilitate a better payment experience on Bitcoin (Jul 21 | 31 min read).

• Marty Bent, Bitcoin podcaster and VC, writes how Nostr is more than another social media as he talks about the recent introduction of Nostr Web Services that allows for secure web applications to connect to HTTPS without relying on centralized DNS systems, reducing censorship risks (Jul 17 | 3 min read).

• David A. Harding, a Bitcoin developer, scrutinizes Bitcoin Core's handling of vulnerability reports, as two recent incidents highlight a lack of timely responses, raising concerns that this may deter future researchers from reporting vulnerabilities (Jul 19 | 5 min read).

• Rick Messitt, a Bitcoin eductor at The Bitcoin Way, explores Bitcoin's origins, highlighting how it is not an isolated innovation but the result of over 50 years of advancements in cryptography, public key systems, and previous attempts to create a decentralized monetary system (Jul 20 | 11 min read).

• Simple Mining, a US-based mining company, posts an informative thread about the benefits of bonus depreciation, suggesting to bitcoin mining companies a critical tax strategy that allows them to immediately deduct 60% of eligible assets' costs (Jul 20 | 1 min read).

• Marvie Basilan, reporter at IB Times, interviews Bitcoin ESG expert Daniel Batten about the evolving Bitcoin mining narrative as miners increasingly adopt renewable energy to power operations, while ongoing studies emphasize their potential to enhance renewable energy deployment (Jul 19 | 6 min read).

• Rocky Wold, Joe Burnett, and Trey Sellers draw parallels between golf and bitcoin, highlighting their shared principles of patience, proof of work, and the pursuit of excellence through minimizing mistakes (July 19 | 8 min read).

• Samson Mow, CEO of Jan3, in an interview with BitcoinNews paints a compelling picture of how Bitcoin could fundamentally reshape the future of nation-states and redefine the social contract between governments and their citizens (July 22 | 5 min read).

• Joakim Book, Research Fellow at the American Institute for Economic Research, writes a response to the recent piece critical of ‘Bitcoin Culture’ by Margot Paez (July 18 | 5 min read).

• Lydia Moynihan, financial correspondent at The New York Post looks into how the ‘Bitcoin crowd’ has been energized by JD Vance’s nomination (July 17 | 4 min read).

• Daniel Batten, author and ESG analyst, publishes a post that lists 10 images he thinks forever changes our perception about Bitcoin and energy, showing a transition from predominantly negative narratives to positive assessments that emphasize its potential for decarbonization and sustainability, informed by new research and data since 2021 (July 19 | 9 min read).

• Roger Huang, contributor at Forbes, writes about a growing movement of businesses adopting a Bitcoin standard, aiming to accept, pay, and hold Bitcoin for their operations (July 16 | 4 min read).

• Jonathan Kirkwood, co-founder and Managing Partner at Ten31, explores how Bitcoin represents the evolution of money as a medium 'for' exchange, emphasizing its unique characteristics (July 10 | 6 min read).

• Fernando Nikolic of Bitcoin Perception discusses the bias of the mainstream media against BTC and anticipates that the bad image will worsen because of vested interests and regulatory pressures (July 18 | 4 min read).

• Vitalik Buterin, Ethereum Co-founder, puts out a harsh warning about blindly following pro-’crypto’ candidates, highlighting the broader values of the space, focusing on themes like freedom of communication, digital identity, privacy, and information access (July 17 | 10 min read).

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🛠️ TOOLS & PROJECTS

• Unbound Fund offers a unique way to acquire Portuguese/EU citizenship by indirectly holding Bitcoin worth €500K, providing a path to freedom of movement and investment in a secure and transparent manner.

• Plebwork, a job-sourcing company for the Bitcoin ecosystem, launches a new certified Bitcoin talent feature that enables companies to work with the most trusted talent, freelancers and agencies.

• Nostr Web Services leverages Nostr to replace the IP layer in TCP transport, making your web service reachable without having a publicly accessible IP address or DNS.

• The Bitcoin Today Coalition releases a new book targeting national security policymakers, aiming to enhance their understanding of Bitcoin's significance in 21st-century geopolitics.

• ZEUS, a self-custodial lightning wallet, adds support for BOLT12-based addresses and BIP353.

• Breez integrates support for Liquid network into its lightning SDK.

• Braiins, a Bitcoin mining company, launches BMM 100 Mini miner, the first hardware with Stratum V2 enabled.

• ThunderTip, a Telegram bot that lets you send tips via Telegram using Nostr Wallet Connect, launches.

• P2PCoins, a privacy-friendly, non-custodial and KYC-free P2P marketplace for Bitcoin, launches.

• Lava, a Bitcoin financial services company, introduces Lava vault, a self-custodial wallet for those who want to save in bitcoin and spend in dollars with support for having multiple self-custody vaults within the same app.

• Nutsack is an ecash based Bitcoin wallet that lives on nostr, has a unified balance across nostr apps and can be accessed from any nostr client that chooses to implement it.

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Until our next transmission,

Naiw

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