MidwayCrypto

Monday 11 May 2020

HEX

Richard Heart's bitcoin derangement syndrome has resulted in a new ERC-20 crypto-currency with so many pumpamentals.

It is up 93x from its start just a few months ago. Right now for every bitcoin that you have you can get 10,000 Hex worth around $53USD.

https://hex.win/
https://youtu.be/wswrTWqjyMM

DAO

The Decentralised Autonomous Organisation

As the world goes through crisis induced reformation the concept of the decentralised autonomous organisation may take a more prominent role in the future. Existing organisations have failed to distribute wealth fairly and protect us from pandemic. The DAO may have had a shaky start with the etherium/etherium-classic scandal but with new developments on bitcoin, RSK, Taproot and of course bitcoin the crypto currency itself we should see a movement towards this kind of self organisation. In the future everything could well be DAO.

RGB on Bitcoin Lightning

Coloured coins are now on the bitcoin lightning network.

https://rgb-org.github.io/
https://github.com/rgb-org/spec
https://www.coindesk.com/startups-debut-first-protocol-for-issuing-tokens-via-bitcoins-lightning-network

and learn to use it here
https://medium.com/@danrobinson/understanding-simplicity-implementing-a-smart-contract-language-in-30-lines-of-haskell-827521bfeb4d
also look at Ivy first posted here which can also be used on lightning.
https://midwaycrypto.blogspot.com/2018/01/ivy-easy-smart-contracts-for-bitcoin.html

Tuesday 28 April 2020

Breez

Lightning is now making transactions for everyone virtually free. Its a slick looking, easy to use wallet and point of sale system.

https://breez.technology/technology.html

Sunday 26 April 2020

Taproot

Taproot is the new Segwit. Scaleability improvements, on chain multisig and time lock improvements, master keys. P2SH, MAST Schnorr, privacy! It is the next wave of upgrades. People are scrutinizing and testing this and if it doesn't make sense to you, let's just say its looking good. The metaphor says in all. It makes bitcoin stronger and features will make it more institutionally entrenched in a decentralised way. it's in the name, it's like evolving a taproot.

https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin

https://bravenewcoin.com/insights/bitcoin-taproot-privacy-update-on-track-for-2020

Friday 27 March 2020

Bitcoin Union

Here's an idea in the face of huge money printing by governments devaluing our work. No Bitcoiner shall work for less than 10 Satoshi's an hour. if you have a few already you probably wouldn't need to anyway. With a bitcoin based working union nobody will be able to destroy the value of our fixed forward wage contracts. Its more power to the people. It's a world wide decentralised union.