Hello Humble Bitcoiners!

A green Thursday, a beautiful day to pour yourself some coffee ☕, read your favorite bitcoin content and get ready to finish off the week strong!
📝 Today's Rundown
  • Beating Inflation: U.S. CPI data came lighter than expected at 8.5% in July, but rampant inflation is still present in the energy sector; bitcoin jumps.
  • Bitcoin Village:  Entrepreneurs in Nigeria are building on the country’s growing interest in BTC and establishing Bitcoin Village, a safe haven for African Bitcoiners.
  • BTC Vs CBDC: CBDCs are a form of social control, while Bitcoin represents hope for a more equitable human future based on the universal constant of 21 million.
Learn More

🔥 BEATING INFLATION

U.S. Inflation Slowed Down To 8.5% In July. Bitcoin Claims $24,000
By Shawn Amick

The U.S. consumer price index (CPI) was released yesterday showing a year-over-year increase of 8.5% for the month of July. The measurement came highly anticipated as it is a leading indication on whether the Federal Reserve will continue to aggressively hike interest rates depending on if inflation is what they consider under control.

Even though the number is high, and in no way should we be getting accustomed to it as a society, the CPI expectations for July were expected to be around 9.1%. Since reported inflation seems to be cooling down, the markets had an aggressive opening, bitcoin included. 
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🏘️ BITCOIN VILLAGE

Building Nigeria’s Bitcoin’s Village
By Dawdu M. Amantanah

It wouldn’t be an exaggeration to say that, at the current stage, Bitcoin is now inevitable. Hyperbitconization is just around the corner and there are several initiatives and projects worldwide to backup such a statement. 

Jeremy Garcia and Oluwasegun Kosemani are working to build the first ever Bitcoin Village in Nigeria, a nation with one of the highest inflation rates and rate of cryptocurrency adoption. They plan to power it with solar energy, mine bitcoin onsite, educate the local community on Bitcoin and create a synergy of Bitcoin Core development with a STEM lab.

Nigeria could benefit greatly from a scarce and decentralized monetary policy. It is evident to the point that although Nigeria’s government has not yet officially declared bitcoin as legal tender, many of the people that live there see it that way.
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📰 THE DAILY BITS
1. The U.S. Treasury sanctioned the Tornado Cash mixing tool, setting a precedent for blocking financial privacy and censoring open-source code.

2. Texas Slim’s Beef Initiative provides a model for bitcoin adoption to connect Bitcoiners with necessary tradesmen in direct, peer-to-peer exchange.

3. Motiv Inc, an NGO, announced 16 circular bitcoin economies are operational In Peru after establishing educational material empowering the financially excluded communities.

4. Tropic Square to launch prototype for open.source chips used in bitcoin software.

5. OpenNode will provide infrastructure for Launch Cart to leverage Bitcoin’s Lightning Network allowing any business on the platform to accept bitcoin as payment.

6. Vinteum, launches and will provide educational onboarding and funding for Bitcoin developers in Brazil and globally furthering Bitcoin’s decentralized global nature.

7. The consumer price index will define market moves and the new Magma protocol on the Lighting Network will allow Bitcoin to grow even bigger.

8. Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.
🏦 BTC VS CBDC

Bitcoin Is Money. Central Bank Digital Currencies Are Not
By Wes Craik

Digital and programmed money can be both advantageous and extremely harmful for humanity, depending on the programmer and the rules sculptured within. In the wrong hands, the ability to program money is terrifying  and can be used to serve authoritarian ends to varying degrees.

Central Bank Digital Currencies (CBDCs) will soon be operational in various countries and it’s important to note that they’re a form of money with intrinsic programmability. However, contrary to Bitcoin, a decentralized, scarce, immutable and unstoppable monetary system, CBDCs represent the end of private exchange and, simply put, are a central bank and government lever for economic influence and social control. 

Bitcoin represents hope for a more equitable future based on scarcity and governance by rules, not rulers. Fix the money, fix the world.
Read Full Article

MEME OF THE DAY 
By Rothmus

As hard as it may be for some to accept, inflating the monetary supply by ~40% during a short span of time while not increasing productivity and shutting countries down makes an increasing amount of money fight for the same or an even smaller amount of goods.

Stack harder,
Bam
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