Bitcoin

cross-posted from: https://lemmy.world/post/21228280

The bill, known as the Digital Assets Authorization Act, was passed by a 176-26 vote.

The legislation offers regulatory clarity at a time when federal regulations on digital assets are scant. While former president Donald Trump has promised to transform the United States into the "crypto capital of the planet," his vision is short on details.

MARA's process captures gas that would have been flared, generating carbon credits

cross-posted from: https://lemmy.ml/post/18390499

For those of you using Proton services to protect your privacy, a new feature is being rolled out which is a self-custody Bitcoin wallet. If you have a proton e-mail address, you can now send and receive Bitcoin automatically. This is in tradition with their long-standing policy of accepting Bitcoin payments for their services.

A few key points to know:

• You and only you have access to the Bitcoin, it is a self-custody wallet. You are not dependent on proton's cooperation to access your funds and they do not hold onto the funds for you.
• Proton automatically translates e-mail addresses to Bitcoin addresses. This means you can send/receive BTC to/from any Proton user by just knowing their e-mail address
• Proton does not support Bitcoin lightning. This means transactions will take an average of 10 minutes for an average fee of 75c. Hopefully they will add lightning in the future so that can drop to under a second for pennies in fees. Lightning would also enhance privacy
• Note that using Bitcoin is pseudonymous. Using it privately and anonymously requires some effort.
• Proton has also put together a good primer on Bitcoin here.

from their blog post:

Early in our journey, we experienced first-hand what it’s like being cut off from the financial system and at the mercy of large banks and institutions — an ordeal that affects millions of people across the globe. In the summer of 2014, as the original Proton Mail crowdfunding campaign was in progress, Proton had a near-death experience when PayPal froze our funds, questioned whether encryption was legal, and whether Proton had government approval to encrypt emails.

Fortunately, in that instance PayPal returned the blocked funds, and Proton was able to start the journey that we’ve been on for the past decade. However, that dangerous moment has always stayed in our minds, and we still keep a proportion of Proton’s financial reserves in Bitcoin.

Having experienced firsthand the unreliability of the traditional financial sector, building Proton Wallet is an important strategic move to make Proton more resilient and independent in the future. By enabling us and the entire Proton community to more easily adopt means of payment that deliver on the promise of financial freedom for all, we better insulate Proton from the risks posed by traditional finance.

Meanwhile, Bitcoin hasn't had a single hack or a single hour of downtime since it started 15 years ago. Decentralization is the answer.

A fun website to track the "what if"

The City of Santa Monica is making history by opening an official Bitcoin office. The city council unanimously voted to pilot the office in partnership with the nonprofit Proof of Workforce at no cost to the city.|

cross-posted from: https://lemmy.ml/post/17823614

In this episode we discusses the political landscape of Bitcoin, focusing on Trump's recent Bitcoin-friendly stance and its implications. We explore the need for a Democratic Bitcoin strategy, the importance of grassroots education, and how Bitcoin aligns with progressive values, emphasizing its potential for global financial inclusion and environmental benefits. In a crucial election year, these issues, and bitcoin education for everyone, including progressives and democrats, is more important than ever.

My guest today is Jason Maier. Jason is a high school math teacher, educator, and author of “A Progressive’s Case for Bitcoin.”

cross-posted from: https://lemmy.ml/post/17822508

1624227344 sats = 960k USD

All over lightning, confirming in under a second for pennies in fees

Had dinner with some boomer-age family friends tonight who shared stories about their grandparents and other relatives who survived (or didn’t survive) the holocaust.

One family, posing as Christians, managed to escape Poland to the US in 1939. They had to travel through Nazi Germany and Italy on their journey.

This family invested much of their life savings into expensive camera equipment to not raise suspicion, as they were traveling under the pretense of going on holiday.

The conversation developed into all the ways people attempted to conceal and travel with wealth as they fled their homeland. Apparently, sewing diamonds into clothing was a common tactic.

These close friends were struck to hear how Bitcoin enables the storage and transfer of wealth by simply knowing a secret number. I told them of the work @gladstein and others are doing to get Bitcoin knowledge and tools into the hands of political activists and refugees.

“Fuck You Money” is a world changing technology. Let us not lose site of what really matters here 🫡 🤙

From nostr https://njump.me/nevent1qvzqqqqqqypzpz9zcw6zpd9qyacx4xrqp50aw39vdn739cspkaqcn0j77jet82j9qyfhwumn8ghj7mmxve3ksctfdch8qatz9uq3vamnwvaz7tmjv4kxz7fwdehhxarj9ehx2ap0qqsy98wlnfyk6ltxrgptyq6ysxhfwenseqawk08yz493yhdqsmcq4rgc787rs

"The Oslo Freedom Forum, held annually by the Human Rights Foundation, has become a worldwide cornerstone for human rights activists. This year, the 16th edition of the forum was centered around the theme "Re-claim Democracy." It brought together activists, thinkers, and leaders to discuss the challenges of rising authoritarianism and how bitcoin can support activists fighting against oppressive regimes."

Link without paywall: http://archive.today/L1n4y