#bitcoin

The Wall Street Journal recently published a sensational article about a handful of mysterious coders-maintainers who back Bitcoin Core and have the power to crash the network at any time! It turns out that Bitcoin Core only has 5 maintainers, with the sixth leaving the group due to burnout and health issues. And only 17 people had the ability to change the code throughout the entire BTC existence. Furthermore, the code base is hosted on GitHub, a Microsoft-owned website... What? Five cripples decide the fate of the world's most decentralized project? While our editor was getting an indirect heart massage, our techs reassured everyone that this was pure FUD and that there are plenty of ways to avoid any of these guys' tricks. Also, the well-known cypherpunk Adam Back has already come up with a counter-argument. Take a deep breath and relax!

The charismatic founder of BitMEX has revealed his vision for the market. Spoiler: he moves liquid fiat money from treasury bills to cash and intends to invest it all in high-risk assets (bitcoin and other crypto, of course). Key takeaways from Arthur Hayes' post: 📌 S&P500 is up 40% in 3 months; 📌 Fed balance sheet will drop $100 billion every month; 📌 The market will get an extra $500 billion out of the Treasury General Account (TGA), which will accelerate inflation; 📌 When the money runs out (sometime in July), Congress will vote to increase the debt ceiling; 📌 The market will end up flooded with unbacked debt liabilities; 📌 The world's banks will be forced to resort to printing more money (this process has already begun). "The party has begun!", Arthur concludes.

The state of Illinois decided to make a difference in the world of blockchain, and it succeeded. The local Senate wants to be able to... cancel bitcoin transactions. According to the Digital Property Protection and Law Enforcement Act, validators must cancel transactions and return the funds to the sender or transfer them to the state Treasury if ordered by the state's attorney. The same goes for smart contracts, which must be rescinded upon a valid court request. Shall we expect a manual sunset in the next bill?

Craig Wright, who calls himself Napoleon Satoshi Nakamoto, is still going through a rough patch. All lawsuits demanding to recognize him as Bitcoin's creator are constantly rejected by courts of different countries and instances. This time, London’s appeal showed him to the door. Craig tried to protect his honor and dignity by suing 16 Bitcoin developers who called him a liar. The judge looked through the case and found no reason to grant Wright's claim. Btw, developers did’t even bother sending their lawyers to court.