⛏️ Bear Markets Are For Building

How Bitcoin Miner CleanSpark Keeps Building In The Bear Market
By Zack Voell

“Hard times create strong men, strong men create good times.” – G. Michael Hopf

It’s no secret that bitcoin has been in a bear market for several months now. Not only are investors experiencing one of the hardest times in bitcoin's history, but also those in charge of securing the network are struggling as well during these difficult times.

The Bitcoin mining industry can be cruel at times. Miners not only have to invest in the required hardware and infrastructure, they also have to find a way to cover operational costs month by month independent of the Bitcoin price.

However, bear markets are precisely when mining winners are separated from losers and CleanSpark is determined to emerge from this bear market as a winner, stronger than ever.

Despite Financial Times FUD, Bitcoin Is Not Crypto
By Federico Rivi

According to Jemima Kelly, columnist at The Financial Times, “Bitcoin can’t be separated from crypto.” Maybe for Kelly, soccer and baseball are also part of the same industry, because both playing fields are covered with grass and in both games a ball is involved.

According to Kelly, the people who support Bitcoin today have the same financial incentives as those pushing any other crypto token: Getting rich quick. She also claims that Bitcoin is centralized because of mining pools and its only strength is the first-mover-advantage that won’t last forever.

Such statements could not be more erroneous. Bitcoiners are in search of freedom and a better world, liberated from authoritarianism and financial oppression, not wealth. The Bitcoin network is the most decentralized and widely distributed network in the world. Bitcoin is unique in its kind and it does not only has the first-mover-adventage, it is still the only contender to disrupt the decaying and corrupted global financial system.

1. Anarchy is a perfect match for a Bitcoin because people come together to decide what rules should exist, without having authoritarians involved.

2. The politicians in power are actively working to dismantle the separation of powers in order to behave with impunity toward the American people.

3. President Tokayev said Kazakhstan will give full legal recognition to digital assets if demand persists while they continue testing security concerns.

4. The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.

5. A key to gaining adoption in local communities is having on the ground educational resources available to business owners and customers.

6. There are clear advantages to be had by Palestine in adopting Bitcoin, but the path to do so is not so straightforward as has been claimed before.

7. Rather than trying to convince people that they want bitcoin, investors are looking for products that use Bitcoin to meet people where they are.

Is Mining Censorship A Serious Threat To Bitcoin?
By Zack Voell

The way Bitcoin was designed was intended so that it would work equally for everyone and anyone could transact in a permissionless, censorship-resistant and unstoppable manner. So, previous transaction censorship attempts by miners is an important discussion topic.

Surprisingly, some mining teams have gone out of their way to design and launch products to try to censor certain transactions from being included in new blocks. The author of this article explores the history of attempts at censorship from certain actors in the mining sector and evaluates the successes or failures of these attempts and notes potential types of mining-related attacks for the future.