Greetings Bitcoiner,

Welcome to issue #119 of the Bitcoin Breakdown, where we’re pretty sure the real Satoshi Nakamoto is already deceased. RIP.

🔈️Please note that our Thursday issue containing the Quick Bits and Quick Media sections will now be sent on Fridays.

Happy readings! 👽️

TOGETHER WITH BITCOIN SOVEREIGNS*

Attain Self-Sovereignty with the Bitcoin Sovereigns Private Community

Take control of your future with Bitcoin Sovereigns—a Bitcoin-only private community dedicated to achieving personal sovereignty through Bitcoin.

🔥 Why Join?

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

• Exclusive Content: Learn about Bitcoin basics, running your own node, OPSEC essentials, self-hosting, and flag theory.

• Supportive Community: Accountability and support every step of the way.

🌟 Our Core Values:

• Bitcoin-Only (No second best!)

• Right to Pseudonymity

• Low Time Preference

• Personal Growth

• Community Support

Learn, share, and spur hyperbitcoinization. Reach your full potential with us!

*You can also advertise with us here.

OPSEC FEATURE ARTICLE

How To Compartmentalize Your Life to Protect Your Privacy

One effective strategy to increse your OPSEC is compartmentalization—separating different aspects of your digital life to minimize risks.

This week we explore practical ways to implement compartmentalization, helping you shield your personal data from unwanted exposure.

Get instant access to this special feature by becoming a premium supporter here.

🏆 FEATURE STORIES

• Nick Szabo, a cryptographer and computer scientist who introduced the concept of ‘smart contracts’ and proposed ‘Bit Gold,’ is considered by Cointelegraph to be the leading candidate for being the mysterious Bitcoin inventor Satoshi Nakamoto, in light of renewed speculation and a new HBO documentary (Oct 8 | 3 min read).

• PlebBase explores the process of overclocking a Bitaxe, an open-source Bitcoin miner, to enhance its hashing performance, discussing the benefits, drawbacks, and limits of air-cooled optimization for home mining enthusiasts (Sept 30 | 32 min read).

• Ottosch reviews the Ashigaru wallet code against Samourai Wallet, finding it to be secure with new features like onion URL pings and mandatory Tor, while highlighting rebranding changes and the removal of OXT explorer (Sept 29 | 2 min read).

• Susie Violet Ward, Bitcoin journalist and financial analyst, explores how the current Bitcoin market cycle is influenced by diminishing liquid supply, increased institutional interest, and global adoption, suggesting a potentially distinct and robust bull market ahead (Oct 6 | 4 min read).

• Arman The Parman publishes his presentation on Bitcoin and Energy that argues that Bitcoin mining is not a waste of energy, emphasizing its vital role in securing the Bitcoin network, enabling sound money, and providing societal benefits that outweigh its costs (Oct 2 | 7 min read).

• River Financial publishes a guide on Proof of Reserves (PoR) explaining how it works and why it is a crucial process for companies, particularly in the Bitcoin industry, to verify they hold sufficient assets to cover client deposits, enhancing transparency and security (Oct 1 | 6 min read).

• Final, community moderator of GrapheneOS, shares insights and personal experiences with GrapheneOS, providing a simplified overview of its documentation, technical features, underlying philosophy and many more insightful tidbits (Sept 30 | 28 min read).

• Kane McGukin, senior data strategist at Arkos Global Advisors, explores how the revolution of money, driven by information theory and digital currencies like Bitcoin, reshapes economic growth and interconnectedness, marking a shift from outdated probabilistic systems to exponential financial frameworks (Sept 21 | 8 min read).

• ICYMI: DNComply warns in ‘Unreal Stupidity’ that Kamala Harris' proposed tax on unrealized capital gains could devastate the US economy, erode property rights, and pave the way for authoritarian wealth seizure, while most Americans remain unaware of its potential consequences (Sept 1 | 12 min read).

• ICYMI: Evan Hatch, CEO of World.Org examines in a Medium article the life and impact of Len Sassaman, a pivotal yet unsung figure in the Cypherpunk movement, exploring the potential connection between Sassaman and the enigmatic Satoshi Nakamoto (Feb 22 2021 | 19 min read).

• Justin Newton, CEO of Netki, reflects on his friendship with Len Sassaman and explores the plausibility of Sassaman being Bitcoin's creator, Satoshi Nakamoto, in light of a new HBO documentary reigniting speculation about Satoshi's identity (Oct 7 | 6 min read).

• Southern Bitcoiner in a thread explains how running your own Bitcoin node enhances privacy by preventing the leakage of sensitive data to third parties, while also allowing users to independently verify their transactions and support the Bitcoin network (Oct 1 | 1 min read).

• Frank Corva writes for Forbes how streaming platforms like Wavlake and Fountain allow musicians to earn Bitcoin tips, offering a more profitable and decentralized alternative to traditional digital platforms like Spotify and Apple Music (Oct 1 | 5 min read).

• Ed Prospero of Blink Wallet explains how The Mempool Accelerator helps expedite stuck Bitcoin transactions by allowing users to pay an out-of-band fee to miners, alongside other fee-bumping methods like Replace By Fee (RBF) and Child Pays for Parent (CPFP) (Oct 4 | 4 min read).

• Daniel Costa, Bitcoin meetup organizer from Spain, provides a comprehensive guide on installing and configuring LNbits and Phoenixd on an Ubuntu VPS, enabling users to manage Bitcoin Lightning Network wallets and payments securely (Oct 2 | 10 min read).

• Jon Hodl of whatisbitcoin.com outlines his journey in starting a local Bitcoin meetup, emphasizing the importance of grassroots networking, utilizing the Geyser platform for organization, and promoting education about Bitcoin's principles (Oct 2 | 11 min read).

• Roger Huang, author of ‘Would Mao Hold Bitcoin?’, writes for Forbes how China's slowing economy is driving Chinese investors to Bitcoin as an alternative investment, boosting its price due to capital flight, increased stimulus measures, and the continued presence of Chinese businesses in the Bitcoin network (Sept 30 | 3 min read).

• Marie Poteriaieva, co-founder of the blockchain education company D.Center, explores the critical distinction between Bitcoin and the broader crypto landscape, emphasizing Bitcoin's unmatched decentralization and its primary role as an independent form of money compared to other blockchains that prioritize innovation (Oct 3 | 5 min read).

• Strata, a work-in-progress EVM-compatible validity rollup on Bitcoin, envisions ‘endgame money’ through programmable Bitcoin solutions that utilize zero-knowledge proofs, empowering individuals with trust-minimized applications while upholding Bitcoin's core values of decentralization and self-sovereignty (Oct 1 | 6 min read).

• Dave Birnbaum, product director at Coinbits, explores the devastating impact of hyperinflation in Lebanon through Tony Yazbeck's personal story, highlighting how bitcoin could have served as a crucial lifeline during the currency collapse (Sept 30 | 8 min read).

• Rekt.news explores the alarming rise of physical violence linked to Bitcoin and crypto, highlighting chilling stories of Bitcoin and crypto related crimes that blur the lines between digital wealth and real-world danger (Oct 2 | 6 min read).

• Andrew Kamsky highlights Susie Ward's efforts to combat misinformation in Bitcoin reporting, emphasizing the confusion between ‘payment’ and ‘transaction’, which distorts public perception and threatens accurate coverage of Bitcoin's environmental impact (Oct 4 | 4 min read).

• Kaká Furlan, founder of Area Bitcoin, explores the Bisq platform, highlighting its decentralized, privacy-focused approach to buying Bitcoin directly through peer-to-peer trading, making it a compelling choice for users valuing security and anonymity (Oct 4 | 9 min read).

• Hasherstacker critiques central banking as a parasitic system that fosters economic inefficiency, inequality, and stagnation through money printing, bailouts, and interest rate manipulation, while advocating for Bitcoin as a path to financial sovereignty (Sept 28 | 2 min read).

• Pete Rizzo, Bitcoin historian, explores a new mystery surrounding Bitcoin's creator, Satoshi Nakamoto, involving gaps in early 2009 mining blocks that suggest possible 51% attack tests and highlight the enigma of Nakamoto's concealed mining activity (Oct 1 | 3 min read).

• Atlas21 details the rise and fall of Ross Ulbricht, founder of the Silk Road marketplace, highlighting his libertarian vision, controversial arrest, life sentence, and the ongoing movement for his clemency (Oct 4 | 5 min read).

POLL

OTHER NEWSLETTERS TO CHECK OUT*

*You can find more here.

🛠️ TOOLS & PROJECTS

• Diamond Wallet, a self-custodial Lightning wallet that enables users to earn sats by viewing ads, announces the release of its beta version.

• Nunchuk introduces decoy wallets into their product to help users enhance their Bitcoin security with plausible deniability.

• LightningPiggy is an innovative digital piggy bank that empowers kids to save in Bitcoin, promoting financial literacy and sound money principles.

• Robinhood becomes a part of the Bitkey Ecosystem, enabling customers to transfer and purchase bitcoin directly into their Bitkey wallet.

• BitBox users can now sell Bitcoin securely from within the BitBoxApp thanks to their partnership with PocketBitcoin.

• Zpay lets you secure virtually any digital content behind a Lightning paywall.

• Evento, a social events app, integrates the Lightning Network into their product.

• DarkFi Squad releases DarkIRC, an internet relay chat (IRC) text-based communication protocol, calling it ‘the world’s strongest anonymous chat’.

• Wavlake launches a developer program to incentivize the creation of new music experiences using their platform, offering a 50/50 revenue split and an API to facilitate development.

• lnrecc is a tool for streamlining recurring Lightning payments, such as subscriptions or weekly pocket money for kids.

• Lendasat, which offers Bitcoin-collateralized loans powered by Discreet Log Contracts (DLCs) with no middlemen, launches its early testing phase.

• Breez SDK - Nodeless simplifies integrating self-custodial Lightning payments into apps by eliminating the need for nodes, channels, and third-party providers.

💥 MEME BREAK

Thank you for reading!

If you received it from a friend and would like to subscribe, you can do so here:

Until our next transmission,

Naiw

P.S. Looking to start your own newsletter? Use this link to sign up for beehiiv and get a 30-day free trial plus a 20% discount.

Support independent Bitcoin content and consider leaving a Lightning tip:

[email protected]