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Welcome!!!!

  • Your Organizers:
    • Hannah
    • Michael
  • Socratic Seminar
  • What would you like to discuss here?

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Connect

  • Telegram -

https://t.me/SanJuanBitDevs

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  • NOSTR - npub1w38vexs3n2fd4z9373ytgqcvm0p0a3wr06sxa0wsymn59vqz4alszygc9f

https://snort.social/p/npub1w38vexs3n2fd4z9373ytgqcvm0p0a3wr06sxa0wsymn59vqz4alszygc9f

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  • Twitter - @sanjuanbitdevs

https://twitter.com/SanJuanBitdevs

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Check Out Our Website!

Sanjuanbitdevs.org

  • Available in English & Spanish
  • All past content slides & links posted on website

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What is a Socratic Seminar?

Socratic seminars are named for their embodiment of Socrates’ belief in the power of asking questions, and valuing inquiry and discussion. Socratic seminars acknowledge the highly social nature of learning.

The Socratic seminar is a formal discussion, based on a text, in which the organizer asks open-ended questions. Within the context of the discussion, participants listen closely to the comments of others, thinking critically for themselves, and articulate their own thoughts and their responses to the thoughts of others. They question intelligently and civilly.

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Socratic Seminar

Please don’t record 📸 🚫

Discuss what was discussed, but without the names.

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Today’s Agenda

  • Announcements
  • Memes
  • Local News in bitcoin
  • Interesting news in bitcoin
  • Layer 2’s!
  • Marathon New Layer II
  • Core

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Bitcoin Halving Party 🥳🎉🥂💃

Save the date: Saturday April 20th

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5,200 blocks away!

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Venue: TBD

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Bitcoin Conference

Save the date:

July 25th-27th

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Promo Code? @branbtc

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https://b.tc/conference/2024

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https://timechainstats.com/

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Local News In Bitcoin

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Local News In Bitcoin

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Interesting News In Bitcoin

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Interesting News In Bitcoin

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Interesting News In Bitcoin

https://twitter.com/MrHodl/status/1761755745580716287?s=20

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Rekt!

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Rekt!

Hold bitcoin not dollars

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Rekt!

https://publish.twitter.com/?query=https%3A%2F%2Ftwitter.com%2FHodlMagoo%2Fstatus%2F1760347012573118588&widget=Video

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Rekt

  • Craig Wright is not Satoshi

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  • Doesn’t matter who created bitcoin

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  • You don’t need to know who created Algebra to do Algebra

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  • Who created Algebra?

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Hopium!!!!

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Hopium

https://farside.co.uk/?p=997

Impact of ETF Launch on Bitcoin Supply and Market Dynamics

  1. Daily Purchase Increase: Post-ETF launch, daily bitcoin purchases rose to an average of 2,943.
  2. Annual Projection: Extrapolating this growth, ETFs are expected to acquire approximately 1,218,787 bitcoins within a year post-launch, representing 5.8% of total supply.
  3. Previous Holdings: Before the US Spot Bitcoin ETF launch, other ETFs and funds already held 3.84% of the bitcoin supply.
  4. Future Holdings Estimate: Combining pre-existing holdings with the projected annual acquisition, ETFs and funds could control up to 9.64% of total bitcoin supply a year after the ETF launch.
  5. Market Value: The 9.64% of bitcoin supply potentially held by ETFs and funds would be valued at $143.7 billion, based on current prices.

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Hopium

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Bitcoin Second Layers

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What is an L2???

Payment Vs Transaction

Layer II - “A network that runs as an overlay above bitcoin”

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  • Andreas Antonopoulas 03/14/24

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https://www.youtube.com/watch?v=AYAreuNzx58&t=270s

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L2’s!

⚡

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L2’s!

https://github.com/bitcoin/bips/blob/master/bip-0119.mediawiki

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More L2 Solutions!

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L2 details

BitVM

  • Turing-complete Bitcoin contracts. This requires no changes to the network’s consensus rules. Rather than executing computations on Bitcoin, they are merely verified.

Arc

  • Alternative second-layer scaling approach that avoids liquidity issues and improves on-boarding, but requires an Ark Service Provider (ASP). Is theoretically functional without any consensus changes, but better with covenants.

Liquid

  • Bitcoin federated sidechain with a bitcoin-like VM.

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L2 details

Drive Chains

  • Sidechains using BIP 300/301 which requires a soft fork.

Rootstock - RSK

  • EVM-based federated sidechain, in use since 2018

Stacks

  • Proof-of-Transfer sidechain, in use since 2021

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https://docs.google.com/presentation/d/1OO3CNIf-izbKsOX_WIkDQyku4_ZDQb5C/edit#slide=id.p10