Autor Cointelegraph By Joseph Hall

Brazil beams Bitcoin from space: A case for BTC satellite nodes

A Bitcoiner in Brazil has beamed the blockchain from space. Mauricio Cessere, product manager at Ledn and a Venezuelan national, has established the purported first Bitcoin (BTC) satellite full node in Brazil. The full satellite node that Cessere has established downloads the Bitcoin blockchain directly from the Blockstream Satellite Network, negating the need for a reliable internet connection. It’s a small step for Bitcoin’s web of nodes but a giant leap for Bitcoin adoption, evincing that those in remote or hard to reach areas could run nodes. Cessere poses with the satellite dish that receives the Bitcoin blockchain. Source: CessereA refresher for those new to nodes: a Bitcoin full node is software that continuously monitors the blockchain and its complete transaction history. A full node prohibits non-legitimate transactions and thwarts attempts to spend Bitcoin twice, known as a “double-spend”. Cessere explains that nodes “grant their owners decentralized access to the only uncensorable monetary network that we know of today.”However, up until 2020, configuring a Bitcoin node (sometimes called a Bitcoin peer, as Bitcoin is a “peer-to-peer version of electronic cash”) was wholly dependent on local internet providers. Thanks to upgrades in Bitcoin company Blockstream’s Satellite Network, Bitcoin believers around the world can download a full node without an internet connection.The satellite receiver from novra technologies. Source: CessereBut, why does it matter? As Cessere explains: “Satellite Full Nodes are the next step to further decentralization of the Bitcoin network,” adding:“The use case for Satellite Full Nodes could not be brighter. A few offline access points of these can fully connect remote communities to Bitcoin, even ones without prior internet access.”There is a compelling case for satellite full nodes, particularly in countries that struggle with unstable governments, unreliable internet connections and weak digital infrastructure. In effect, a satellite full node can help more emerging countries and individuals without internet connections contribute and eventually participate in the Bitcoin network. Bitcoin Gandalf (not his real name), of Braiins Bitcoin mining company explained to Cointelegraph that “using Blockstream satellite adds an additional level of redundancy should more traditional connectivity methods be interrupted.” It’s taken me much longer than expected, but I will download #Bitcoin’s blockchain from space within Brazil this year. ⛓— El Sultán ₿itcoin (@elsultanbitcoin) January 27, 2022In neighbouring Venezuela, for example, a Bitcoin satellite node was installed in 2020. Venezuela benefits from a robust infrastructure of satellite dish networks which as Cecere explains, “can be leveraged to expand Bitcoin’s offline signal on earth.” Cecere connected to a Blockstream satellite from his homeland, after television network provider DirecTV left the country:“I recycled a dish that DirecTV had installed at my parent’s house more than 10 years ago and turned it into an access point to the most powerful monetary network on Earth. That’s experiencing the power of borderless money at its utmost in the flesh!”Venezuela is an increasingly pro-crypto nation, having experienced high levels of inflation since 2016. Across the border in Brazil, it’s another hotbed for adoption, particularly in light of a new bill that proposes protections to private keys as well as the legalization of crypto payments. The ability to run a satellite node in these countries as an offline connection point is a boon for adoption and the network’s resilience.For Cessere’s satellite node in Venezuela, he “modernized`“ the dish with a clothes pin to assist the download of the blockchain. Source: Cessere The Brazilian satellite full node Cessere built is connecting from a family member’s house in Santos, just south of Brazil’s largest city São Paulo . If the node runs successfully, the intention is to “port the equiment to Fundação Parque Tecnológico de Santos Gustavo,” a technology and innovation park where it will remain permanently connected as an offline connection point.   Related: Bitcoin Lightning Network developer updates node software with Taproot supportHowever, the Bitcoin space signal has some limitations. Cessere explains it’s a “one-way street, since one can only download data from it but not push any; hence, they’re not capable of broadcasting transactions to the network.”In the future, Blockstream may introduce an even more advanced version of their satellite equipment which may enable those with extremely limited access to internet access — such as crypto mining companies in far-flung destinations — to connect to Bitcoin.Then, and only then will Bitcoin take on the mantle of being “space money.”

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The UK’s largest Bitcoin conference comes to Scotland

The bear market won’t scuttle Bitcoin’s (BTC) adoption plans in the United Kingdom. From Oct. 21–22 this year, internationally recognized Bitcoin experts, authors and content creators will take part in the United Kingdom’s largest Bitcoin conference to date.Organized by the Bitcoin Collective, a newly formed Bitcoin company, and in partnership with Bitcoin and crypto exchange OKX, the event takes place at the Assembly Rooms on Edinburgh’s George Street.Edinburgh, Scotland’s capital city. Source: Telegraph.co.ukJordan Walker, CEO of the Bitcoin Collective, told Cointelegraph, “the conference is solely Bitcoin related, as this is our focus as we aim to inform and educate the collective.” In the press release, Walker added: “However, it’s not about buying or investing in Bitcoin, that’s a whole different discussion. Our focus is on education, so make sure to bring a notebook and pen!”Speakers include Jeff Booth, author of The Price of Tomorrow, Greg Foss, Validus Power Corp strategist, Natalie Brunell, host of Coin Stories, and Samson Mow, CEO of Jan3. Booth told Cointelegraph that he’s “excited to meet fellow Bitcoiners and others just starting their journey in Scotland:”“With a protocol level technology such as Bitcoin emerging and the confusion around it and what it means for the future, in-person events such as the Edinburgh conference are critical in broadening the awareness that Bitcoin is for everyone.’The conference upholds education, community, inclusivity and open dialogue as defining principles. According to Haider Rafique, chief marketing officer at OKX, the conference “is just what the Bitcoin industry in the UK needs—the community itself rising up to say this is what we’re about, and this is why you should care.”The conference venue, the Assembly Rooms on George Street. Source: GoogleAs Walker makes clear in the Bitcoin Collective podcast, the conference should serve as a catalyst for Bitcoin adoption in Scotland, while it “aims to capture as many diverse participants as possible both on and off the stage.” Bitcoin Collective operations director Lucy-Rose Walker explained that “Bitcoin is for all, and does not differentiate between gender, race or religion.”Scotland’s capital, affectionately known as “Auld Reekie” to locals, is Scotland’s second-largest city. With a population of almost 500,000, it makes it slightly smaller than Glasgow. But, it more than compensates in history, architecture and music. Edinburgh attracts more cultural and historical events than Glasgow, including the world-renowned Edinburgh Fringe Festival and Hogmanay (among the world’s largest New Year’s celebrations).Related: Coinbase seeking aggressive European expansion amid crypto winterThere were fledgling signs of Bitcoin adoption in Edinburgh throughout 2021, although the conference would hope to make waves in terms of nationwide adoption. Across the border in England, grassroots adoption stories are spreading while the Isle of Man — a British Crown Dependency — is fast becoming a “Bitcoin Island.”British Bitcoiners feature among the speakers as Peter McCormack, podcaster behind What Bitcoin Did, Allen Farrington, author of Bitcoin is Venice, and Danny Scott, CEO of CoinCorner, have been announced as speakers to date. The conference is the inaugural Bitcoin Collective conference, with locations for the following years yet to be announced.

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Mind games: Bitcoin education at an escape room in Lebanon

Bitcoin (BTC) sets people free. At least, that was the story at Lebanon’s first Bitcoin-themed escape room in Beirut. Lebanese Bitcoiners from the group Bitcoin du Liban took on the latest Bitcoin education challenge — Bitcoin Escape the System. The best part? The team of four snuck out of the escape room in the fastest time to date.Can’t wait to try this… tomorrow.#Bitcoin is growing in #Lebanon .@BitcoinduLiban @marco_bdl @Thomssmn @Rothmus https://t.co/v9tminHAy3— Sooly⚡️سولي (@Sooly_Kobayashi) July 5, 2022For the uninitiated, an “escape game” or “escape room” is a team game where players work together to solve puzzles, clues and conundrums usually based on a theme such as spies, zombies, and now, Bitcoin. As per the name, the mission is to “escape” the site of the game within a certain time. Sooly Kobayashi, MENA advisor for Swan Bitcoin and a moderator at Bitcoin du Liban, told Cointelegraph that “All of us (except one) had never played escape rooms before. We entered the room without relying on our Bitcoin knowledge.”However, they likely had a slight advantage over those new to Bitcoin. The escape game’s themes revolve around fiat money, time-chain technologies (commonly referred to as blockchain), SHA-256 (the Bitcoin hashing algorithm), and self-custody. The escape artists: @marco_bdl @Sooly_Kobayashi @Thomssmn @al3apodcast @BitcoinduLiban. Source: KobayashiWhile the escape game is a bit of fun, according to Kobayashi, it’s another example of the Lebanese Bitcoin community’s creative approach to onboarding more Bitcoiners. Kobayashi, who is also a Moderator at Bitcoin du Liban, told Cointelegraph that “education is challenging in a country that hasn’t invested much in this sector.” “And with a history filled with instability, the Lebanese population has been busy surviving in economic restlessness. Hence, Bitcoin education needed a creative modern approach.”As shown in the following graph, government education expenditure in Lebanon pales in comparison to that of Argentina; a country that also sufferers from critical problems relating to inflation and instability. It’s therefore on the people to take financial education, and creative orange-pilling techniques, into their own hands with grassroots activities.Source: KobayashiIndeed, Bitcoiners from Lebanon to Slovakia are taking Bitcoin education by the scruff of the neck, seeking to spread the word of sound money. Bitcoin books, games and even family-friendly days out are spaces for Bitcoin veterans or those new to the tech to learn in ways that suit them best. The team solving one of the puzzles during the escape game. Source: KobayashiFor the escape game, due to the at times high-stress, adrenaline-fuelled nature of escape games (if you know you know), it’s possible that participants absorb information quicker and retain it longer. As a result, a Bitcoin-themed escape game could be a quirky yet quick way of educating people about Bitcoin. Kobayashi explains:“It’s been scientifically proven that humans learn better in two scenarios. First, when we are emotionally driven. […] Second, when we are expected to pass on information to someone else, our minds tend to focus and memorize knowledge better.”Related: Jack Dorsey and Jay-Z collaborate on Bitcoin Brooklyn educational programTo date, the escape room founder, Said Nassar, an international business engineer, had only seen a “few” Bitcoiners play the game. Despite the Bitcoin-friendly appeal, the game had been enjoyed by newcomers to Bitcoin, or “no-coiners,” as they are sometimes known. Kobayashi adds that some of the players are “shitcoiners,” including individuals interested in Ethereum (ETH):No one would play this escape room and not learn about Bitcoin.”For some Bitcoiners, there’s an irony to exiting a Bitcoin escape room. To some, the whole world may already feel like an escape room, and Bitcoin is the only way out. The Bitcoin Escape the System joins a fledgling list of Bitcoin-themed escape rooms, including The Bitcoin Heist in Macedonia, and the DIY Bitcoin escape room, Badass Daddy’s Bitcoins. 

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Satoshi milkshake experiment shows kids can HODL Bitcoin too

A Bitcoin (BTC) experiment on the Isle of Man involving the Lightning Network, 25 schoolchildren, and a promise of a milkshake has yielded interesting results. At Willaston School on the Isle of Man (a British Crown Dependency nestled between the United Kingdom and Ireland), 25 year-6 students, one teacher and one teaching assistant participated in the light-hearted Bitcoin study. Location of the Isle of Man, including Bitcoin B signs for merchants that accept Bitcoin. Source: Bitcoinevents.co.ukMSW, a Data Analyst at CoinCorner, told Cointelegraph that he visited the school to discuss job opportunities and to inspire the kids, discussing his own career path which spans nuclear reactor study, data analytics and now, Bitcoin. Inevitably, the talk delved into the Lightning Network and CoinCorner’s new creation, the Lightning-enabled Bolt Card. “I talked a bit about Bitcoin, went through the Freddo index – how the price of a Freddo is exploding – then showed them the pound money supply over time and then asked them what they knew about Bitcoin.”A familiar character in most Brits’ childhoods, the Freddo is a humble chocolate bar shaped like a frog. When introduced to greengrocers’ shelves at the turn of the millennium a Freddo cost just 10p ($0.13). In 2022, Freddo costs a whopping 27p, as shown by the following index:Freddo chocolate bar price analysis. Source: vouchercloud.comDespite their young ages of 10 or 11, the kids knew of Bitcoin and some of its properties. One bright spark came up with the 21 million hard cap and overall, the classroom’s sentiment toward Bitcoin was positive. At one point, MSW was even asked if buying nonfungible tokens (NFTs) is a good idea. He set them right before gifting each pupil a Bolt Card loaded with £5 credit (21,554 Satoshis or $6).The Bolt Card is a first-of-its-kind Lightning Network-enabled card that allows near-instant payments at merchants accepting BTC. The Lightning Lunch story demonstrates how it works in detail. Lightning payments powered by @CoinCorner at @TheBTCAdventure ⚡️ ‘Happy with that!’ #Bitcoin #BoltCard #FixTheMoneyFixTheWorld pic.twitter.com/BL8eaZ5TTg— Coach Carbon (@JosiasCarbon) July 3, 2022MSW included an important caveat as he gifted the Bolt Card to the kids. “I sort of posed it as do you want to hodl or do you want to spend?” Having highlighted the deflationary, number go-up technology that enshrouds Bitcoin, MSM also showed the class that they could spend their Satoshis as mo. Gourmet Shakes, a Bitcoin-friendly milkshake shack was a mouthwatering proposition. One of the slide’s from MSM’s presentation. Source: MSWMSW knew full well that the Bitcoin trial was reminiscent of the Stanford Marshmallow Experiment, a pop psychology trial from 1972. In short, the experiment attempted to understand delayed gratification in kids by offering the choice between an immediate reward or a greater prize if the children waited a period of time. The reward was either a marshmallow (hence the trial’s name) or a pretzel. The “Isle of Man Satoshi Milkshake Experiment”–which maybe doesn’t quite have the same ring to it–yielded intriguing results. Of the 27 participants, just five people have spent their Satoshis, meaning 22 are Bitcoin HODLers. In addition, as the experiment took place on May 29, the £5 of Bitcoin is now worth around £3.70 at the time of writing. If they want to spend their Bitcoin on a £3 milkshake, they need to act now! MSW and the class holding the Bolt Card. Source: Willaston.schMSW jokes that, unfortunately, the kids are too young to have a CoinCorner account. But the experiment is worthwhile in terms of promoting Bitcoin adoption and demonstrating that spending Bitcoin is easy. Plus, it ties into a growing subcategory of Bitcoin culture, from Bitcoin children’s books to educational tools for kids to understand sound money. Related: The UK ‘Bitcoin Adventure’ shows BTC is a family affairThe Isle of Man is fast becoming a leading European Bitcoin destination. Around 40 businesses now accept Bitcoin on the island of 85,000 people, Molly Spiers CoinCorner’s head of marketing and communications told Cointelegraph:“We’re on a mission to make it [Isle of Man] a Bitcoin Island–have people come over and live on a Bitcoin Standard. Hotels and accommodation are ones we’re missing at the moment though.”As for the milkshake experiment, MSM suggested that it’d be worthwhile to take a trip to see the schoolchildren before the end of this year to see how they’re HODLing, and to demonstrate how to sweep the Bitcoin from the card if they so wish.

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Bear market delivery! Bitcoiner rejoins DoorDash to buy more BTC

What did you do in the 2022 bear market, anon? For one Bitcoiner, the opportunity to take on a second job to “stack sats” (buy more Bitcoin (BTC)), was too great. Isaiah, the founder of the Cleveland Bitcoin Meetup, is delivering food to Ohio residents to earn cash on the side.Isaiah told Cointelegraph “I joined DoorDash 2 years ago. But I only recently started doing it again once the price fell into the 20[K]s.” DoorDash is an American food delivery service (similar to Glovo or Deliveroo), where riders pick up food from restaurants to take to people’s homes. Isaiah “originally joined DoorDash to make extra side hustle money,” but he’s now making roughly “36,000 sats per order” ($7) as per this tweet:Making roughly 36,000 sats per order. The journey of doordashing after work until we’re back above the 200-week continues! #Bitcoin pic.twitter.com/nBU2rZPz9S— ₿ Isaiah⚡️ (@BitcoinIsaiah) June 27, 2022For Isaiah, who knows a thing or two about being underwater thanks to training as an open water diver– the “price levels are too great not to stack more.” Driving for DoorDash compliments his full-time job as a software developer to save more in Bitcoin. He told Cointelegraph:“When Bitcoin is back above the 200 weeks, I’ll likely stop door dashing and continue stacking Bitcoin with my regular day job. Doordash is just extra sat stacking money for me.”The price of Bitcoin has languished under the 200-week moving average and the $20,000 price level for weeks. The Bitcoin price is under the 200wSMA (blue line) and has been since the 13th June. Source: Trading View He shares the same view as Former congressman Ron Paul, that “Bitcoin is money,” and thanks to its deflationary supply schedule, it’s also a savings technology. Natalie Brunell the host of Hard Money shares the same view; Bitcoin can preserve time and wealth: “Bitcoin is my money. It’s what I save in (and occasionally spend). Being able to store the value of my labor outside the control of any corporation or government is incredible.”Related: Trader puts faith in crypto despite the failed first investmentAs for beating those bear market blues, Isaiah organizes and attends the monthly Bitcoin meetup in Ohio while sharing Bitcoin-related advice for readers:“For all the people getting caught up in the price. Focus on your Bitcoin stack instead of the fiat price. Seeing the amount of sats you own go up will help keep your mental health better during these rough times.”Looking after mental health is particularly pertinent. Despite Jim Cramer, who lashed out by saying that crypto has “no value,” here is a Bitcoin meetup held at a wildlife park.

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