30594826_10156088454741063_1329894253354024960_o (3).jpg – Random Things
Latest Blog Posts
Feb
20
Bitcoin – who is in control?
I have been meaning to write this for a long time, but put it off because it’s such a difficult topic. I will do my best in this post, though. If you don’t want to read it all or fall off early, the most important sentence in it is “hashrate follows money”. Just try to […]
Oct
17
Watchtowers in LND – do they work?
Read on for my experience. Want to test yourself? Follow my detailed guide! On testnet, losing coins is free, go ahead and play! I’m writing this fairly beginner friendly, and not assume too much familiarity with LND. I encourage anyone not experienced with LND to read the logs, which can be found in ~/.lnd-*/logs/bitcoin/testnet/ – […]
Sep
07
Backup of Lightning Labs’ lightning-app on Android.
Recently, Lightning Labs’ mobile wallets had another security feature enabled: Static channel backups. It’s quite hidden, though, and still only backs up to the phone itself. With some help and extra apps, it can be made to a full-fledged, periodic off-phone backup, though. Enabling backups. After funding the wallet – or after upgrading to […]
Jul
30
Small blocks vs big blocks – is it just tribalism? My reasons for believing small blocks are better
This piece will be fairly long. I will try to build up my arguments in a structured way. What is the reason we value bitcoin? Ultimately, bitcoin are just numbers in a special database (a blockchain). Why is it able to hold something we give value? I believe this is mainly due to these things: […]