Hello Humble Bitcoiners!
One can smell the scent of hopium in the market — but there's nothing as sweet as Bitcoin signal. |
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| 📝 Today's Rundown Fed Raises Rates: The Federal Reserve increased interest rates by 0.75% while indicating "unusually large" hikes may be appropriate in future meetings. P2P Communication: The new P2P video and chat app, Keet, offers private and secure communications, with Bitcoin payments on Lightning on its roadmap. Scaling The World: A developer and an entrepreneur hope to bring community-based custody for Bitcoin to billions of people around the world through fedimints. |
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Bitcoin Raises Above $22,000 As Fed Raises Interest Rates
By Shawn Amick The Federal Open Markets Committe (FOMC) gathered again yesterday and raised the federal funds rate by 75 basis points, or 0.75%, marking the highest back-to-back rate increase since 1980.
These actions are being taken with the objective to get inflation under control. According to Powell, the committee's intention is not to induce a recession.
However, despite the odds pointing to raising the rates even further in the next couple of months, Bitcoin rose above $23,000 for a small period of time. |
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Keet Is Introducing P2P Digital Communications, Will Integrate Bitcoin Payments
By Namcios Introducing Keet, a new peer-to-peer (P2P) communications application that is being developed by the Tether team in collaboration with the Hypercore open-source protocol team. The application, which allows a given set of parties to exchange instant video, message and file communications in a truly P2P fashion, is already available in their website as an alpha version.
The developers are working to integrate the ability to send Lightning payments into the application’s SDK, allowing users to stream BTC to content creators, make regular P2P payments, and offer tips. The SDK will also support Tether’s USDT. What’s more interesting about the Keet project is that data is never forwarded to a central server; rather, the connection is established purely between the users taking part in the chat, making it truly P2P, lowering latency and increasing reliability. |
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1. With rampant inflation and institutional unease in the air, bitcoin is prepared to gain exponentially.
2. The Fedi team is using the ideas behind Chaumian Ecash to develop alternative custody solutions in order to onboard many more people to bitcoin.
3. Rio de Janerio's secretary of finance and planning commented on the city’s plans to put a percentage of the treasury into bitcoin. Brazil has tax breaks for bitcoin miners.
4. Michael Saylor and Aleks Svetski discuss the numerous ways Bitcoin will improve the quality of life for billions of people around the world.
5. Jimmy Song shares his perspective on El Salvador's adoption of bitcoin, the housing market and how fiat currencies reduce the quality of life.
6. Relai, the bitcoin-only European investment app, now enables users to purchase bitcoin within seconds with SEPA instant payments.
7. The joint venture by Japan’s largest investment bank Nomura, CoinShares and Ledger will offer institutional services for bitcoin and other digital assets.
8. Coinbase and Kraken, cryptocurrency exchanges, are under increased U.S. scrutiny for allegedly listing unregistered securities and evading sanctions, respectively. |
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Can Fedimints Help Bitcoin Scale To The World?
By Alex Gradstein For some oldschool Bitcoiners and self-proclaimed cypherpunks, Bitcoin’s lack of privacy is a serious issue that requires urgent resolution. The fact that most Bitcoin users prefer to buy, store and sell on custodial platforms with KYC and AML constraints, like Binance or Coinbase, is an extremely important problem that jeopardizes Bitcoin’s ultimate goal: freedom through separating money from the state.
If Bitcoin’s privacy issue is not resolved, the technology could easily be hijacked by governments and be used to keep people under their control. Because of that, Bitcoin privacy must be the default and would hopefully be unnoticed by the user.
Fedimint or federated chaumian mints, is an idea to upgrade Bitcoin’s privacy through “second-party” custody: trusting friends, family or community leaders. Although, some argue that Fedmints might violate the first rule of Bitcoin: Not your keys, not your coins. For others it upgrades the Bitcoin experience philosophically, structurally and technically through the tribe-guardian model and multisig. |
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By Hodl Your Future
The #stackchain, is a community based "stacking" where Bitcoiners in twitter append their bitcoin purchases with an additional dollar to the previous stack (n + 1).
This way, start validating "stacks" and building on the longest chain while incentivising all the community to join in the fight for hyperbitcoinization.
At the moment of writing, the #stackchaintip sits at 654, having taken more than $214,000 worth of bitcoin out of the market.
Stack harder,
Bam |
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Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
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