Adam Back was wrong—Blockchains do scale
Blockstream CEO Adam Back was a witness to the COPA v Wright trial last week, and on the stand, he made several statements, likening changing the rules of Bitcoin to changing the rules of chess.
Latest Blockstream News
COPA members tip their hand while on the Satoshi Trial (COPA v Wright) stand
The third week of COPA v Wright saw individual COPA members put on the stand in front of Justice Mellor. This was Mellor’s first chance to see the true extent of the circus that has dedicated itself to attack Dr. Craig Wright and his status as the inventor of Bitcoin.
History is written by those who’ve hanged heroes
The popular conception of Bitcoin suffers from a narrative equally mired in misinformation, half-truths, and selective amnesia, and if we don't fix it, we lose.
Craig Wright appoints leading law firm as new UK counsel
Dr. Craig Wright has appointed market leading tech law firm Shoosmiths to take over all of his U.K. cases as he gears up for a packed legal calendar, signalling one, single-minded focus: victory in January’s joint identity trial.
Binance fires staff, cuts benefits, ditches sponsorships, claims ‘this is fine’
Binance’s layoffs could top 3,000 by year’s end, according to an exchange staff who claimed that the U.S. Department of Justice probe would likely end in a consent decree or settlement.
Vitalik Buterin says BTC’s ‘really weird politics’ holding back adoption
Vitalik Buterin said in a Twitter Space with Eric Wall and Udi Wertheimer that BTC has effectively merged its technical and cultural systems, resulting in “really weird politics holding it back."
Craig Wright’s ‘passing off’ cases postponed pending COPA v Wright outcome
A decision was made at a case management conference on how best to definitively settle the issue of whether Dr. Craig Wright is Satoshi Nakamoto, at least for Dr. Wright’s ‘passing off’ cases and COPA vs Wright.
BTC response to Ordinals will be yet another demonstration of centralized power
Ordinals have been highly divisive—some decry the congestion caused by sending so much traffic to the BTC blockchain, while others have said the added attention brought to BTC by NFTs is 'bullish.'
Ordinals NFTs anger rotten BTC gatekeepers—Hayden Otto spits truth bombs on YouTube
YouTuber Hayden Otto used his channel to call out the BTC maximalists who fancy themselves as Bitcoin gatekeepers and expose the contradictions and hypocrisy in their actions.
BTC hash power centralization
Industry players behind the BTC software control the hash power, while companies with weak cash positions and low debt suffer, cementing BTC's position as a 'very, very' centralized system.
Nothing is over!
In 2022, we should be excited about Mastercard running atop of Bitcoin, but we have messed around for too long while letting the lizards steer the ship.
Block pins net losses on BTC’s fading consumer demand
Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of $18.7 million, significantly worse than the $3 million loss in Q3 2021.