CoinJoin uses the same idea from the basic origins of the cypherpunk movement and applies it in a bit of a different way to create something that enables us to have anonymous transactions of base money and that’s a pretty bold claim to a long journey of people trying to fix this problem.
I asked Chat GPT, ‘What are the top 10 threats to the Bitcoin project?’ I got a very relevant reply which covers regulation, competition from other cryptocurrencies, scalability, security vulnerabilities, price volatility, limited use cases, energy consumption, centralization of mining, lack of education and understanding, and lack of mainstream acceptance. And I took it as a challenge to tackle each one of these subjects in an article that takes less than 10 minutes to read. Bitcoin Takeover.
Do people play with bitcoin or with other crypto? Here’s the breakdown by payment methods on Bitrefill. You see that on-chain bitcoin is still going strong at number one but now down at 31%, followed by Ethereum 23%…
Spacechain is one of these layer two solutions that I’ve come up with that tries to fit in between that difficulty of not being able to change Bitcoin but still wanting to do more. It’s a system essentially to achieve sidechains but these are specifically one-way pegged sidechains. The key thing is to get permissionless blockchains that benefit Bitcoin.