Category: Cryptocurrency

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 […]

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: […]

A dystopian story from the year 2135.

“Grandpa, what is that large black building?”, said Tim. “Oh, that’s where our crypto is created”. “Oh, you mean Bitcoin?” “No, Tim. It’s not Bitcoin. Bitcoin is something else,  but it’s not government sanctioned. But hush. The government doesn’t really want us to talk about it”. “But Grandpa, why did someone create a copy of our Bitcoin? I mean, […]

Bitcoin – cheap payments or decentralized settlement layer?

I’ve been meaning to write this for a while, to counter some misconceptions that are out there. The main misconception is that the current Bitcoin developers are against growth. In my opinion, nothing could be farther from the truth. To the contrary, they are the ones that understood early that to retain decentralization properties, we […]