by The Coin Shack | Dec 9, 2020 | Hodlers, The Coin Shack
It Started With A Post To An Obscure Mailing List Satoshi Nakamoto, the anonymous developer of the original Bitcoin protocol, first informed the world of his new creation on an obscure cryptography mailing list. The types of people that subscribed to this mailing list...
by The Coin Shack | Nov 18, 2020 | Hodlers, The Coin Shack
A post on BitcoinTalk On December 13th, 2013 a now infamous post was first published on BitcoinTalk, the go-to forum for early Bitcoin enthusiasts. The poster intentionally misspelled the word “Hold” as “Hodl” and proceeded to go on a rant about why he has decided to...
by The Coin Shack | Nov 6, 2020 | Lightning Network, The Coin Shack
Bitcoin’s Base Layer Thrived Because of Network Effects The Bitcoin base layer took off because of network effects. If only one person is mining blocks and trying to use Bitcoin to pay for goods and services, it is useless. As soon as even one more person joins the...
by The Coin Shack | Oct 28, 2020 | Lightning Network, The Coin Shack
An ingenious Solution The lightning network is an ingenious solution to some of the problems with bitcoin. It allows for fees orders of magnitude less than what they would be for on-chain transactions. Also, since lightning transactions are not recorded on the...
by The Coin Shack | Oct 21, 2020 | Lightning Network, The Coin Shack
New Opportunities for Innovators The lightning network enables instant, peer-to-peer and private transactions between any two parties located anywhere in the world. Never before have we had this capability. With this new technological development, comes more...
