Bitcoin first mentioned in the US Supreme Court Opinion

On Thursday Bitcoin made its first appearance in an opinion issued by the US Supreme Court
21 June 2018   1155

The case, Wisconsin Central Ltd. v. United States, is not connected with bitcoin’s regulatory or legal status. It checked whether employee stock options perform  taxable compensation under the Railroad Retirement Tax Act of 1937. That might  seem like an unlikely location for a  bitcoin discussion to be kept, but, however, as justices noted in both the majority and dissenting opinions, the matter made them to consider a fundamental question that has also taken on a renewed importance in the decade following the publication of the Bitcoin whitepaper: “What is money?”

Finally, the 5-4 majority stated that employees should not be taxed for exercising stock options since the action does not constitute “money remuneration.” Nevertheless, writing in a dissenting opinion, Justice Stephen Breyer reasoned for a “broader understanding of money” and claimed that stock options should be classified as taxable compensation.

Breyer, J.
Breyer, J., dissenting

Breyer’s opinion, which contained a citation to Money: The Unauthorized Biography -  From Coinage to Cryptocurrencies, referred bitcoin as an example of the changing nature of money and supposed that “perhaps one day employees will be paid in Bitcoin or some other cryptocurrency.”

When Thursday noticed the first instance of the word “bitcoin” being embelled in a Supreme Court opinion, it’s unlikely to be the last. Actually, cryptocurrency’s perceived association with drug trafficking and other criminal activities could make a prominent appearance in a case whose petition is presently expected before the Court.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   104

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.