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Author: Shinobi

News: Crypto

The Lightning Network Is Like The Ship Of Theseus

What is the Lightning Network? It is generally spoken about in analogies, metaphors or direct explanations of purpose.  “It’s the checking account, versus on-chain as the savings account.” “It’s a

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News: Crypto

The Government Is Not Your Friend

Yesterday’s guilty verdict for Roman Storm on the count of conspiracy to operate an unlicensed money service business is absolutely insane.  FinCEN, the regulator responsible for licensing, monitoring, and enforcement

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News: Crypto

The Cost Of Self Custody: TANSTAAFL

Last week I touched on the nuances and complexities of “Trustodial” systems, systems that can’t be fully categorized as non-custodial or custodial, and how this causes issues when it relates

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News: Crypto

Bitcoin Layer 2: Statechains

Statechains are an original second layer protocol originally developed by Ruben Somsen in 2018, depending on the eltoo (or LN Symmetry) proposal. In 2021 a variation of the original proposal,

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News: Crypto

Bitcoin Layer 2: Ark

Ark is a novel off-chain transaction batching mechanism originally proposed by Burak, a young Turkish developer. There are currently two implementations being built, one by Ark Labs, and the other

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