Very impressed with the Muun Bitcoin mobile wallet and their multi-sig strategy.
The creative use of 2 of 2 signatures provides a lot of defense from the average hacker or physical attacker.
The latest upgrade adds a custodial wallet and BTC specific tab to the Strike app.
The adding of a custodial wallet feature just made it unbelievably easy for new users to download, sign-in, and instantly use a layer 2 solution to purchase and store their first satoshis on their smartphone. Pretty rad and it is all put in an extremely easy to use and ergonomic mobile app.
Hashrate diversity increases the decentralization and censorship resistance of the Bitcoin network.
Win win for Bitcoiners.
ASICs, new and old, are flooding out of the country by the hundreds of thousands. Many of which will find new homes with the original owners, while another percentage will go to new owners altogether.
It is definitely unclear if the future will end up promoting the decentralization and financial self sovereignty in Bitcoin out of necessity. Right now we expect to see Bitcoin continue to be treated as property and uphold its genuine decentralization.
But it is clear that new regulation is coming for ETH, DeFi, and the altcoin armies targeting scams, frauds, and rug pulls galore!
The average Bitcoin user will not notice much unless they are using a new software update that utilizes a Taproot protocol such as Schnorr signature aggregation or smart contracts.
At first network improvements from Taproot implementation will be minor as initial hurdles in setting up/updating/running Taproot are overcome. Lightning network will be streamlined further by batched Schnorr signatures and reduce network congestion in meaningful amounts over the layer 2 sidechain.
Bitcoin miners have set the price floor for the market traditionally. I’ve always calculated this as a combination of national energy costs where mining is most prevalent and mining equipment purchases.
This has always given me confidence when buying during the bear market lows and helps give a foundation to prices historically.
But now, we are seeing adoption of Bitcoin for the fundamental utilities such as a store of value against inflation, government corruption, and censorship.
That is the unknown value added onto that mining floor price.
Bitclout is another presale junk token scam riding the NFT hype wave.
Tons of mainstream crypto investors bought tokens for dirt cheap and are going to dump on all the newbies for 100x gains..
Based on nothing.. No proper smart contracts, no value backed in ETH, Bitcoin, or even tether.
It’s a scam.