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Humble Bitcoiners!
It's Friday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Only four days before Bitcoin becomes legal tender in El Salvador — The market is getting heated, $50,000 bitcoin shall become a normality.
Live responsibly, do not forget to stack. |
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Today's Rundown: - Be Responsible: Preserving your Bitcoin wallet recovery seed is critical to self sovereignity.
- Lightning + Twitter: Rumors of Twitter integrating tipping through Lightning, confirmed.
- Get Ready: With the price breaking $50,000, we might brace for new highs.
- Bitcoin Is The Insurance: Why insurance companies should add bitcoin to their balance sheet.
Let's do this. |
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How To Protect Your Bitcoin From Emergency With The Biplates Domino
By Econoalchemist
This article teaches you the principles of self sovereignty with Bitcoin. As we know it, bitcoin is the ultimate and the most pristine kind of private property, the first time we have absolute scarcity in the digital realm, and being able to protect it is a responsibility that we all must take and should not be deferred to a third party.
There are multiple methods of preserving your keys, and in this article, the author walks you thorough a tutorial using Bitplates, a stainless-steel plate enabling you to secure the recovery information for a bitcoin wallet against fire, flood or other disaster.
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LEARN BITCOIN. EARN BITCOIN. |
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Twitter Product Lead Confirms Bitcoin Lightning Beta Test
There has been ongoing rumors of an integration of Bitcoin's Lightning Network, starting with a thread from Jack Dorsey, and later on distributed via a leaked image of a beta interface for the planned service from the mobile developer Alessandro Paluzzi. It was all confirmed to be true by the Twitter product lead, Kayvon Beykpour, though there has not been an official release.
The integration seems to allow tipping other users via the Lightning Network. According to the images, Twitter will be using Strike's technology in order to produce invoices.
While this could be a let down for so many Twitter users, as they may not have access to strike in their jurisdiction, or do not like the idea of a closed source KYC product, it is indeed a step forward into a world of inclusivity via Bitcoin, and increases robustness and trust in the Lightning Network.
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Click the links:
1. The basic supply and demand dynamics of the bitcoin monetary network means that it serves as a solution for ongoing monetary inflation.
2. Bitcoin is going to overtake fiat — and bitcoiners can make choices to best facilitate this transition.
3. Discussing NFTs, Bitcoin, whether value is objective or subjective and the importance of time preferences.
4. Marathon's MaraPool will provide its members with seamless access to NYDIG's institutional-grade services through an expanded collaboration.
5. On Wednesday Franklin Templeton, with over $1.4 Trillion in assets under management, posted an open position for a “Research Analyst - Crypto Currency” on LinkedIn.
6. Vast Bank has become the first U.S. bank with FDIC insurance and a Federal Reserve charter to offer Bitcoin services. |
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Bitcoin Price Breaks $50,000, Brace For New All Time Highs
By Alex McShane Bitcoin price broke $50,000 again, the highest price seen since Bitcoin’s correction in May.
Bitcoin is up about 120% per year on average for the past 10 years. After an abrupt run up to the $60,000 range and a crash of over 50%, the bitcoin price seems to be full steam on its way to recovery, ready to explore new prices.
While the mainstream distract each other wondering whether bitcoin is dead, or if it is too late to jump in, bitcoin continues to be growing in new applications, users and institutional and now government adoption.
A glimpse of the progress: - Blackrock allocated $382 million on public mining companies
- Coinbase committed to investing $500 million of its $4 billion reserves into bitcoin and crypto
- Banking giants filed for passive bitcoin funds for wealthy clients.
- Texas Biotech company to convert their balance sheet into bitcoin.
- Bill Miller, disclosed buying bitcoin since it was $200.
- Jack Dorsey is mining bitcoin.
- Black Rock petroleum to deploy 1 million bitcoin mining machines.
- Marathon Digital Holdings, to purchase 30,000 additional mining machines.
These are only a taste — find more insights and details inside the publication.
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Why Insurance Companies Need Bitcoin
By Mike Hobart
In a time of monetary inflation, the only place to pool funds for insurance companies is bitcoin.
The insurance sector is being squeezed from multiple angles according to Deloitte's review, which identifies various streams of stress on the industry. One example being, increasing costs due to low interest rates, which makes employers hiring personnel more complicated. According to the author, the solution is simple — insurance companies should add bitcoin to their balance sheet.
The benefit of adding bitcoin would be two fold: - Exposure to the fastest growing asset in history
- Increasing workforce quality
Insurers would be protecting a portion of their balance sheet by buying bitcoin, and additionally could attract talent to the space, as bitcoin is known to lure magnificent minds who have the incentive to see the asset grow also at an industry level.
"When you first start off trying to solve a problem, the first solutions you come up with are very complex, and most people stop there. But if you keep going, and live with the problem and peel more layers of the onion off, you can often times arrive at some very elegant and simple solutions." - Steve Jobs |
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By RD BTC
Learning about bitcoin is the best investment one could make, but beware, as the rabbit hole is way too deep, and it could also turn into a blissful distraction.
Keep stacking! |
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