Twitter CEO Jack Dorsey and rapper Jay-Z have launched a Bitcoin fund that aims to improve the spread of BTC in emerging markets and manifest Bitcoin’s reputation as an internet currency.
Twitter CEO Jack Dorsey and rapper Jay-Z have launched a Bitcoin fund that aims to improve the spread of BTC in emerging markets and manifest Bitcoin’s reputation as an internet currency.
witter CEO Jack Dorsey is an avowed Bitcoin fan. As such, he has now consequently acquired a full node.
Jack Dorsey, CEO of Twitter and the payment app Square, has bought a Bitcoin Full Node. In a tweet titled “Running Bitcoin”, Dorsey lets the users of his platform participate in the latest BTC loyalty program.
After Amazon founder and long-time CEO Jeff Bezos announced his retirement from the board of directors on the evening of February 2, 2021, Andy Jassy will take this position in the future. Jassy is currently the head of the cloud service Amazon Web Service and is crypto-savvy.
The news that Jeff Bezos will be stepping down from the board later this year hit like a bomb. Bezos stands like no other for the boom in online retail. In 27 years, the American turned a small online bookseller into one of the most valuable companies in the world. Now Bezos is vacating the board position for his successor: Andy Jassy in the third quarter.
Radoslav Albrecht: That has something to do with our business model. We are a platform where small business owners and self-employed people can apply for working capital financing. As a platform, we grow, the more investment potential exists, that is, the more investors want to invest on our platform. So far, we are already doing well in terms of equity. However, we are always looking for new ways to expand our refinancing potential; and to that extent, a debt product is at first the most obvious. Because after we dealt with security tokens, we realized relatively quickly that a debt product fits best. Here there is a very good match of costs and coupon or profit share for the investors of the token.
Tesla and SpaceX founder Elon Musk considers Bitcoin to be “brilliant”. In his opinion, this could even replace paper money in the future. Tesla on the other hand keeps a distance to Bitcoin. Due to environmental concerns, it is not a strategic decision for the company to turn to the cryptocurrency, Musk said in a podcast this week.
A colony on Mars, the dubious intervention in Thailand’s cave rescue, the supposed influence of cryptic tweets on the Tesla stock – hardly anyone in the tech business sees genius and madness as close together as Elon Musk.
This week, the CEO of Tesla and SpaceX is venturing on the next controversy that is currently being disdained by the general public: Bitcoin.
The developers of the Lightning Network recommend an immediate upgrade to version 0.11 or higher. All node operators of the Lightning Network who are using an LND version from before October 1st are asked to immediately upgrade to version 0.11. The reason for this is that a security hole was found in LND version 0.10, which also affects all versions before that.
The corresponding security hole was communicated on October 9th by Lightning developer Conner Fromknecht. In this regard, he explains:
“Although we have no reason to believe that this vulnerability is already being exploited, we urge the community to immediately update to LND version 0.11 or higher.”
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Satoshi himself proposed the first version of payment channels [1]. The Lightning Network paper has zero authors from Blockstream [2]. At least two other entirely independent companies are working on Lightning Network implementations [3][4]. It’s well understood how trustless LN transactions work [5]. The spec [6] and code are open source, feel free to look for a “backdoor”.
[1] https://en.bitcoin.it/wiki/Payment_channels#Nakamoto_high-frequency_transactions
[2] https://lightning.network/lightning-network-paper.pdf
[3] https://github.com/lightningnetwork/lnd
[4] https://github.com/ACINQ/eclair
https://github.com/bcongdon/awesome-lightning-network
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