Money Button users often forget their passwords and need to follow our “forgot password” process to recover their account. This process allows the user to prove ownership of their account by receiving an email. The user clicks a link in the email and their account is restored. Some users do not type in the right email address when they sign up, and…
Money Button believes in an “own your data” philosophy for the future of the internet to fix the surveillance capitalism model of the internet today. The default for data on the internet should be private and encrypted. If anyone earns money for the user’s data, it should be the user. Any other parties that earn money, such as social media applications like…
The vision for Money Button is to be the the world’s simplest payment system for websites and apps. It is easy for developers to install and easy for consumers to make payments. Central to this notion is the ability for users to be able to “log in with Money Button” into websites and apps. This is important to allow user actions to…
A peer-to-peer network is when people send information directly to one another with no intermediaries. There are two peer-to-peer networks in Bitcoin. The most famous one is the peer-to-peer network between miners. But the most important one is the peer-to-peer network between users. Miners The miners have a peer-to-peer network which they use to transmit blocks to each other. They are incentivized…
Money Button has always had strong support for on-chain data. We were the first wallet to enable large OP_RETURN data sizes, and we were the first wallet to produce 128 MB sized blocks. Today we have increased our support further by enabling the new standard transaction type which we refer to as “safe” data outputs enabled by the new Bitcoin SV node…
Yesterday, Money Button went down because our Bitcoin SV node ran out of memory and crashed during a stress test. The node ran out of memory because we were using an underpowered instance. We have upgraded the instance to be sufficient for the largest block sizes that are currently possible. Money Button was back online after about three hours of downtime. Nodes…
With the launch of Paymail it is now possible for people to send money to names (“paymails”) rather than long, random character strings like Bitcoin addresses. Paymails are much easier people to remember and to write down than addresses. It is a huge improvement to the user experience. Paymails are the username system of Money Button. Although many people in the real world…
People should never have to see long, random, unfamiliar character strings like Bitcoin addresses. People should see names that they can easily write, type or tap into a phone. Paymail is a new identity protocol for Bitcoin that removes Bitcoin addresses from the user experience. Instead of addresses, Paymail uses human-readable names that look exactly the same as email addresses. Paymails are…
Since we last we wrote about the Top Ten Money Button Apps, a lot has happened and many new apps have been created. Many of the new apps do things that weren’t possible until recently, particularly around on-chain data and applications. We thought it would be cool to share the best of the new apps. bitstagram The most popular of the new apps…
Over the weekend, Money Button users uploaded hundreds of megabytes of data including photos, images and video to the Bitcoin SV blockchain. We have filled several new record-breaking block sizes, including the new largest block ever at 127,981,064 bytes, mined by Coingeek. This is even more impressive than the 113 MB block mined last week. These records are important because they demonstrate…
