Adopting Bitcoin 2022: Coming back to El Salvador
If you missed Adopting Bitcoin 2021, here’s your (second) chance to visit the first country where Bitcoin is legal tender, to attend high signal workshops and panels, and to buy pupusas over Lightning at Bitcoin Beach. If you made it last year, surely you need no convincing to come again. Tickets are on sale, the call for participation is open, and sponsorship opportunities are available. Visit adoptingbitcoin.org/2022 for details.
Back to Bitcoin Country: Announcing Adopting Bitcoin 2022 https://t.co/da1wNiivuN— Adopting Bitcoin (@AdoptingBTC) May 15, 2022
Probably nothing: Delegates from 44 countries visit El Salvador for financial inclusion meetings
Member countries of the AFI met last week in El Salvador to talk about financial inclusion. The event brought together more than 100 central bankers and finance representatives to discuss policy issues and share tools for a more inclusive financial system. This year, they are also in El Salvador to learn about “El Salvador’s recently launched national financial inclusion strategy which has digitization and access to finance to small businesses as a priority.”
Monday, Galoy founder Nicolas Burtey, and Hope House/Bitcoin Beach OG Roman (Chimbera) Martinez were invited to share how adopting Bitcoin can benefit countries and communities. After their presentation, attendees lined up down the hall to download Bitcoin Beach Wallet to their phones and receive some sats. Then on Thursday, they had the opportunity to experience financial inclusion first hand by permissionlessly spending their sats at merchants in Bitcoin Beach El Zonte. Despite a lot of chatter on the interwebs, we would like to reiterate that this was #NotABitcoinEvent!
Not a Bitcoin event.https://t.co/8QmKSCMOFg— Galoy (@GaloyMoney) May 20, 2022
Bitcoiners head to Central African Republic to support adoption effort
On April 27th, the Central African Republic became the 2nd country to adopt Bitcoin as legal tender. Shortly after, a delegation of French-speaking Bitcoiners around Sebastien Gouspillou was formed that will make a trip to the capital Bangui. Nicolas and Noor from the Galoy team will be joining the delegation to learn about the country’s plans and to share learnings from building Bitcoin banking infrastructure in El Salvador.
An international delegation of Bitcoiners is going to the Central African Republic to listen, understand and help the people and the government if needed.https://t.co/KnanmwfELd@Excellion @gladstein @diopfode @maxkeiser @stacyherbert @BitcoinMagazine— Richard DÉTENTE (@RichardDetente) May 19, 2022
Bitcoinmtaani launches to bring Bitcoin content to Africans
A new educational platform has launched to bring original Bitcoin content to people of East Africa. Guantai Kathurima (@masterguantai) has launched the program which will feature a podcast, product reviews, articles and more across multiple African languages.
New documentary: Bond to Unbind
Since Bitcoin Law, a lot has been written and reported about El Salvador, and for good reason. The country is not only a pioneer in Bitcoin adoption, but also an excellent showroom to experience Bitcoin. Now, the documentary “Bond to Unbind” by Satoshi Pollen was released, filmed in the fall of 2021, and is a very good snapshot that portrays the situation on the ground and a new generation of Salvadorans: community organizers, farmers, doctors, journalists, artists, politicians and lawyers, and how they perceive the recent socio-economic changes on a daily basis.
Lightning Network news and developments
CashApp now supports scanning zero-amount Lightning invoices ⚡
Making Lightning wallets interoperable is an important and difficult task (we covered the issue with Johns Beharry on episode 12 of Adopting Bitcoin: A convo with Galoy). This week, Cash App announced support for zero-amount Lightning invoices, which allows the payer to set the desired payment amount. We’ve seen this use case play out in Bitcoin Beach, where allowing the customer to enter the final bill amount can save merchants valuable time.
“Make Nodes Easy” – Arvin on Ibex podcast
Galoy engineer @VindaRD joined team Ibex to share his journey as a Bitcoiner in Trinidad & Tobago, discuss how he got involved in building out the Bitcoin Beach Wallet and talk about how Lightning is driving hyperbitcoinization.
IBEXPODCAST No.22 - Arvin— IBEXmercado.com (@IBEX_Mercado) May 11, 2022
The leitmotif of this interview is "make nodes easy" - In his words, Arvin plumbs bits at GaloyMoney, a company we admire greatly. #bitcoin @vindaRd @yengmo https://t.co/GIFSCsjVAT pic.twitter.com/3R7GQv1zPu
FTX will, in fact, integrate Lightning
After receiving a day full of shitposts in his feed for saying Bitcoin won’t be used for payments (completely ignoring Lightning), FTX CEO Sam Bankman-Fried said he’d “ping devs” to work on integrating Lightning into FTX. Lightning shaming works, folks.
sounds right, will ping devs— SBF (@SBF_FTX) May 16, 2022
Two new resources for open source contributors
In stark contrast to the traditional financial system, the Bitcoin Standard is being built on open source protocols and standards. This month, two new resources were published to help guide contributors on their journey and fill the pipeline of open source devs and designers.
In his Guide for Open Source Grant Seekers, Adam Jonas shares considerations for grants, from fiat/BTC payment, to pseudonymity, to association with grantors.
Spiral also released its Framework for Sustainable Open-Source Bitcoin Development which outlines the four-phase process for successful projects. ICYMI, Conor Okus gave a great rundown of this on the Open Source Stage at Bitcoin 2022.
CoinCorner announces the Bolt Card
Now you can pay at retail by tapping a physical NFC card to pull from your Lightning wallet. In addition to this debit card functionality, the Bolt Card can be used as a sats gift card – the recipient can sweep funds from the card into their wallet.
Lightning being the open network that it is, of course it’s also possible to set this up non-custodially with LNBits and a little bit of hacking as described by Calle.
You like the Bolt Card? You can have the same "be your own bank"-style with @lnbits today:— calle ⚡ (@callebtc) May 19, 2022
- activate LNURL-withdraw extension
- create LNURLw link with 10 uses with max 100k sats per use
- put LNURLw on NFC card from your old gym
- be your own "credit card" provider
David Marcus launches LightSpark to build on Lightning
Three months ago Marcus published a tweet calling Bitcoin “the one asset and L1 still around in 20+ years with increased compounding relevance over time.” Now, the former Paypal president and Meta payments lead announced a new company focused on Lightning, with investments from a16z and Paradigm. Watch this space – few details have emerged on the business thus far but it’s good to see Marcus and his investors shifting attention from crypto to Lightning.
I wanted to share that we are starting a new company called @lightspark to explore, build and extend the capabilities and utility of #Bitcoin. As a first step, we’re actively assembling a team to dive deeper into the Lightning Network. (1/3)— David Marcus (@davidmarcus) May 12, 2022
Optimally reliable payment flows
Independent researchers Rene Pickhardt and Stefan Richter have been working on improving payment reliability in the Lightning Network. Last year, they presented an approach that increases the size of payments that can be reliably delivered by several orders of magnitude compared to the current state of the art. Now, the first independent verification of their experiments was done by Carsten Otto. If nodes, wallets and Lightning Service Providers adopt this method, the Lightning Network should see less probing, higher amounts and faster payments.
OMFG!!! IT WORKS!@c_otto83 just sent me 0.6 real #Bitcoin via #LightningNetwork— Rene Pickhardt (@renepickhardt) May 16, 2022
* No prior probing for liquidity required!
* Just Optimally reliable payment flows!
* 137 partial payments sent!
* 92 arrived successfully!
* time to complete: 81 seconds (mostly network rtt) https://t.co/YMdcBxtbY9
Looking for a private way to exchange sats for fiat? In our April newsletter we had suggested the new service Robosats to do just that. Now openoms tested selling and buying with Bitcoin Beach Wallet successfully:
Trading on @Robosats ⚡️ is so smooth, it is addictive. Figured it is not selling if I trade with myself, just testing the @Bitcoinbeach wallet.— openoms (@openoms) May 13, 2022
Worked great, good job @recksato and @GaloyMoney!https://t.co/KpAJohQ2cj
So what's next, did anyone try @Breez_Tech yet? pic.twitter.com/xMGoR03y8r
View the discussion and learn more on GitHub.
Adopting Bitcoin: A convo with Galoy Podcast Season 2
We recently wrapped up Season 1 of the weekly Twitter Space where we interview thoughtful leaders and builders on the topic of Bitcoin and Lightning Adoption. Last week, Season 2 kicked off in a new Youtube live format and a packed panel in the first episode with the Adopting Bitcoin advisors Giacomo Zucco, Jeff Gallas, Moritz Wietersheim, Rodrigo Gomez, Vlad Costea, Alexandre Bussutil and special guest Chimbera. Tune in!
ABCG #22 we chat with @fulmolightning @giacomozucco @romanmartinezc @ABussutil @rodcostas @MWietersheim @nicolasburtey @TheVladCostea about— Adopting Bitcoin (@AdoptingBTC) May 20, 2022
- 44 Central Bankers getting orange-pilled in 🇸🇻
- Adopting Bitcoin coming back to Bitcoin Countryhttps://t.co/eVQnQJWi0V
Join the team!
Ready to build on Lightning? Join our growing, global team of Bitcoiners who are working to make it easy for communities, companies and governments around the world to use Bitcoin as money. View openings on Bitcoiner Jobs.
See you next month!