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satoshin • Jul 9, 2023, 5:43 pm EDT

Green Energy Revolution: Bitcoin Network’s Carbon Offset Potential

Bitcoin’s superior financial settlement network is often attacked on it’s energy consumption needs – but a closer look at the hard facts often paints quite a different picture

3 minutes

satoshin • Jul 8, 2023, 12:56 pm EDT

OpenSats Announces Long-Term Support Program for Bitcoin Core Developers

In a pioneering move to strengthen the Bitcoin ecosystem, OpenSats, a non-profit organization focused on Bitcoin development and advocacy, announced a Long-Term Support (LTS) program for Bitcoin Core developers and other vital contributors to the Bitcoin network. This grant program is designed to offer a sustained financial lifeline to developers involved in the critical infrastructure of the Bitcoin network, ensuring stability and growth for the cryptocurrency’s backbone.

2 minutes

satoshin • Jul 6, 2023, 4:11 pm EDT

From Imitation to Litigation: Twitter’s Stand Against Meta’s Copycat Culture

In a twist of Silicon Valley’s never-ending saga of dueling tech titans, Twitter is preparing to take legal action against Meta Platforms, the parent company of Facebook. Alex Spiro, a lawyer representing Elon Musk, has dispatched a warning letter to Meta’s CEO, Mark Zuckerberg, accusing the company of using ex-Twitter employees to design a clone of the Twitter platform. This move has reignited a fiery discussion about the tech giant’s legacy of imitation rather than innovation. Meta’s business model has often raised eyebrows due to its habit of repackaging the ideas of others, which starkly contrasts the ethos of other

3 minutes

johnd • Jul 6, 2023, 9:18 am EDT

David vs. Goliath: Inflection AI’s $880M Investment in Supercomputing

On the bleeding edge of artificial intelligence and supercomputing, Inflection AI is making big strides. The up-and-coming tech start-up, known for its Inflection-1 AI model, has announced a hefty investment in a staggering new AI supercomputer. The impressive machine comes equipped with 22,000 NVIDIA H100 AI GPUs, valued at approximately $40,000 each, amounting to an investment of roughly $880 million. The Silicon Valley-based firm has made its mark on the tech landscape with its ambition to democratize AI, aiming to create a “personal AI for everyone.” The Inflection-1 AI model, a cornerstone of the company’s offering, is particularly recognized for

2 minutes

satoshin • Jul 1, 2023, 1:09 pm EDT

From Exploitation to Restoration: Tornado Cash’s Unprecedented Hack Sparks New Wave of Crypto Innovation

The Tornado Cash saga, one of the most dramatic incidents in the short history of cryptocurrency, has finally reached its conclusion. The story that unfolded over the past few months has been as tumultuous as it is instructive, featuring a hostile takeover by a malicious hacker who seized control of Tornado Cash’s blockchain protocol by hijacking its governance mechanism. Yet, in an unexpected twist, the hacker decided to relinquish control and hand the reins back to the community. Tornado Cash, a cryptocurrency smart contract mixer known for enabling users to deposit and withdraw crypto from different addresses without leaving a

5 minutes

satoshin • Feb 27, 2017, 7:40 am EST

The Economics Of Bitcoin – Why Mainstream Economists Lie About Deflation

As many of my regular readers know, I’ve already written a few articles on Bitcoin that explain why it is money. In those articles I have addressed why the inherent properties of Bitcoin give it value as a medium of exchange. One of those properties that I mentioned, but did not go into very deeply, is the deflationary aspect of the currency system. Bitcoins are inherently deflationary as a currency because they will eventually top out in the number that can be produced. Eventually total Bitcoin circulation will reach about 21 million coins, and after that, no new coins can be created.

1 minute