Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called "Easypaysy," developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve the need both of having to reuse Bitcoin addresses, & having to constantly generate new ones for every payment. Today we read the Bitcoin Magazine article by none other than Aaron Van Wirdum breaking down exactly what it is, how it works, and what it might mean for the future of interfacing with the Bitcoin system. A huge thank you to the Let's Talk Bitcoin Network and the crew over at Bitcoin Magazine for letting me cover all of their incredible content! Its exciting to join the many great shows on the LTBnetwork and get the best written works in Bitcoin to all those who don't have the time to read them.  Don't forget to check out the full article plus other links to the white paper for further exploring this new tool: https://bitcoinmagazine.com/articles/bitcoin-need-accounts-one-developer-thinks-figured https://twitter.com/BitcoinMagazine https://twitter.com/AaronvanW Do NOT miss out on Aaron's other works, here's a list of a handful of his other great articles we've covered in audio: • Taproot is Coming https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c • Simplifying Lightning, The "No Input" Class https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297---Simplifying-Lightning--The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa • A Cryptoconomy Chat with Aaron VW! https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018---Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e • Statechains - Sending Keys, Not Coins https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272---Statechains--Sending-Keys-Not-Coins-Aaron-Van-Wirdum-e4mue1 • Understanding the Lightning Network Parts 1-3 Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047---Understanding-The-Lightning-Network-Part-1-e2ndtd Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048---Understanding-The-Lightning-Network-Part-2-e2ndt4 Part 3 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049---Understanding-The-Lightning-Network-Part-3-e2ndtc --- Send in a voice message: https://podcasters.spoti...

The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive and uninformed noobs that enter this space. Today we read a piece by Goldman Sats breaking down the inner workings of the HEX scam, and how it is designed for one thing, and one thing only, to take your money. Listen to find out more! Don’t forget to drop the max applause on this article and for @TooWumboToFail’s excellent research into how this works and making it available to everyone. And if you ever hear word of someone thinking of participating, don’t forget to send them to this article or episode before they do. https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57 Here is the "advanced analysis of how HEX works" link buried in the website so anyone who wants to explore further can do so. https://docs.google.com/document/d/1P0ZDaBQx4ghkdX5IUwZb1n8ThvYf7i22MSt9Gm00JRU/edit If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below! https://www.patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message