| Together with | | | | | | Greetings Bitcoiner, | Welcome to Issue #409 of Bitcoin Breakdown, where every Tuesday and Thursday, we bring you the latest must-read Bitcoin thought leadership articles and the newest tools and projects you should know about. | You currently have 0 referrals. Refer a friend and you both get 4,000 sats (currently worth $3.67) sent directly to both of you! | Here’s your unique link to share: https://www.btcbreakdown.com/subscribe?ref=2SpI1crnaT&utm_source=BTC2SpI1crnaT | Now for today’s Top Stories: | 🏔️ New Hampshire Blazes Trail with Bitcoin-Backed Bonds 🛡️ Bitcoin Core Passes First Security Audit with Flying Colors 🇦🇪 Abu Dhabi Sovereign Fund Triples Down on Bitcoin ETFs
| Estimated reading time: 6 min |
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| | | | | | TODAY’S TOP STORIES | 🏔️ New Hampshire Blazes Trail with Bitcoin-Backed Bonds | New Hampshire’s Business Finance Authority just approved a $100M municipal bond backed by BTC, marking the first of its kind in the US. Businesses can secure loans with over-collateralized BTC held by BitGo, avoiding taxpayer risk while unlocking capital without selling their sats. Designed with Wave Digital Assets and Rosemawr Management, the bond links Bitcoin to the $140T global debt market, with fees and gains funneled into a Bitcoin Economic Development Fund. Atlas21 | 🛡️ Bitcoin Core Passes First Security Audit with Flying Colors | Bitcoin Core just aced its first independent security audit, with French firm Quarkslab finding zero serious vulnerabilities after examining 200,000 lines of code over 104 days. The auditors called it the 'most mature and well-tested' codebase they've evaluated, identifying only two minor issues with no impact on consensus or security. This clean bill of health comes as Bitcoin Core faces criticism over not censoring non-financial blockchain data. Cointelegraph | 🇦🇪 Abu Dhabi Sovereign Fund Triples Down on Bitcoin ETFs
Abu Dhabi’s Investment Council more than tripled its stake in BlackRock’s iShares Bitcoin Trust to nearly 8M shares in Q3, worth about $518M before the market dip. Calling BTC ‘digital gold,’ the sovereign fund sees it as a long-term store of value alongside traditional assets. The move bolsters Abu Dhabi’s bid to become a global crypto hub, with other big players like El Salvador and Kazakhstan also stacking sats despite recent ETF outflows and price volatility. Bitcoin Magazine |
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| | | | | | POLL #409 | Will BTC bonds disrupt $140T debt market? | |  | | PREVIOUS POLL RESULTS | |
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| | | | | | OPINION & ANALYSIS* | Prashanth, founder of Bringin, argues that custodial Bitcoin wallets are merely 'crypto-themed banks' that sacrifice user sovereignty, explaining why his company chose the harder path of building Europe's first self-custodial Lightning wallet with euro banking integration (Nov 20 | 4 min read). Kevin Cai, Engineer at Lightning Labs, in an interview with Stephan Livera summarized by Lightning News, argues that defining Bitcoin 'spam' is subjective and that fighting it through consensus changes risks undermining the network's core censorship-resistant principles while economic incentives should naturally guide transaction policies (Nov 19 | 19 min read). Aleksandar Svetski, CEO of SATlantis, details his company's strategic pivot from a social travel app to a Bitcoin-native events platform targeting the emerging 'Experience Economy' as people seek real-world connections over digital engagement (Nov 19 | 9 min read). Emile Jellinek of Atlas21 explores the diverse business opportunities within the Bitcoin ecosystem, comparing it to a growing tree with branches representing various sectors like mining, exchanges, and Lightning Network services, while providing guidance on launching successful Bitcoin ventures that leverage the technology's unique characteristics (Nov 19 | 8 min read). Starknet, a project working on scaling Bitcoin, explores how zero-knowledge proofs enable Cashu ecash tokens to support arbitrary spending conditions through Cairo programming language while maintaining privacy, proposing a new 'Cairo Spending Conditions' system that uses STARK proofs for verification (Nov 18 | 5 min read). Efrat Fenigson, host of 'You're The Voice' podcast, argues that El Salvador under President Bukele is transforming into a truly sovereign nation through Bitcoin adoption, demonstrating how Bitcoin can enable economic freedom, safety, and self-determination while other countries struggle with global institutional control (Nov 18 | 6 min read). Kevin Williams, a journalist based in Ohio, writing for CNBC, explains how entrepreneurs and companies across America are exploring innovative bitcoin mining rigs that generate heat for homes and businesses during winter, repurposing Bitcoin's energy-intensive computing power to offset heating costs while mining sats (Nov 16 | 6 min read). Max Hillebrand, a privacy advocate and contributor to White Noise, argues that wallet architecture determines your financial privacy, comparing four methods from full nodes' perfect anonymity to Electrum's surveillance risks, advocating for informed choices based on your threat model (Nov 15 | 5 min read). Melissa Fleur Afshar, reporter at Newsweek, examines how Jack Dorsey's diVine app reboot promises to combat AI-generated content flooding social media by offering users access to 100,000 archived Vine clips while strictly filtering synthetic media in favor of human-created six-second videos (Nov 14 | 4 min read).
| *See more Opinion & Analysis in the web version. |
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| | | | | | TOOLS & PROJECTS* | New on Geyser: BitcoinEventsHQ launches BitcoinOnly Events, a Bitcoin-native calendar platform for conferences, summits and meetups, seeking $15,000 funding to develop Lightning-powered account system replacing legacy platforms like Eventbrite. New on Geyser: WallAxe is a wall-plugged Bitcoin mining device that integrates Bitaxe technology into a compact, inconspicuous form factor that eliminates power bricks and stands for seamless home deployment. Bitizenship, a Singapore-based fintech group building Bitcoin-aligned residency pathways, expands to Italy with BTC Italia and launches The Bitcoin Dolce Visa program offering a €250K startup investment pathway for Italian residency. BTC Map, a bitcoin merchant directory platform, celebrates adding its 1000th Square merchant in just 10 days with 1500 more businesses awaiting verification. Wavecard and Alby Hub enable Europeans to truly live on bitcoin, automatically converting BTC for daily expenses, bills, and rent payments while keeping funds in self-custody, eliminating the need to short bitcoin by holding fiat. Moneydevkit, a Lightning-native checkout solution for Next.js App Router applications that enables developers to quickly integrate Bitcoin payments with bundled client hooks, hosted checkout surfaces, and server handlers for rapid deployment, launches its public beta. BTCPay Server’s Nicolas Dorier introduces a monetization feature allowing Bitcoin ambassadors to charge access to their servers, enabling subscription-based revenue models with trial periods and user access controls. Rust Lightning introduces natively asynchronous splicing support, zero-fee commitment channels, async payments, LSPS5 support, and enhanced HTLC handling with improved performance and bug fixes in version 0.2.0. Blockstream Jade receives a major camera upgrade with 35% faster PSBT scans, improved QR reliability, and brightness adjustment features for Bitcoin transactions. Cashu Brrr enables users to print bitcoin-backed ecash notes with QR codes for physical cash-like transactions that can be redeemed by scanning.
| *See more Tools & Projects in the web version. |
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