Humble Bitcoiners!
It's Friday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
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Today's Rundown: - Digital Gold: Bitcoin fundamentals differentiate it from alternative cryptocurrencies.
- Heatin' Up: North Vancouver to be the first city heated by bitcoin mining.
- Pay me in Bitcoin: Anyone can get directly paid in bitcoin through Strike.
- Efficient System: Bitcoin + Lightning make the hardest money decentralized and scalable.
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Bitcoin vs. Digital Fool's Gold
By Pudim While alternative cryptocurrencies may on the outside be shiny and attractive, they lack the fundamental aspects that give bitcoin value.
Bitcoin is often referred to as digital gold, and the author reiterates and attributes it to mainly one characteristic: it's scarcity. Bitcoin is even scarcer than gold, as its offer is innelastic, but in addition to its absolute scarcity it has many other characteristics that differenciate it from the vast amount of existing cryptocurrencies, such as being truly descentralized, being the network with most computational power, having an immaculate design, or no premine, and a gigantic network effect.
The author leaves us with some questions to consider and evaluate to understand where bitcoin stands versus all other cryptoassets: - Are there any known founders?
- Is there a marketing team trying to sell this coin?
- Is it possible to run your own node at low costvalue or can only the very rich can validate this blockchain?
- Are there coins that were pre-mined and distributed to founders or early investors?
- Are there people with privileges on the network who can validate transactions for the simple reason that they have more of the cryptocurrency than others (or, in other words, whoever has more can do more)?
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North Vancouver To Be World's First City Heated By Bitcoin
By Jesse Willms MintGreen, a Canadian cleantech bitcoin miner, is leading the waste reuse space in Vancouver with their heat sales to local businesses. As the price of bitcoin rises, miners flew from China, and Canada gives home to more miners, other players have also been using excess heat to power greenhouse operations, home heating, and even jacuzzis.
The company recently signed a 12 year contract to provide heat with their new Digital Boilers to North Vancouver district energy system to heat commercial and residential buildings. The move recovers more than 96% of the electricity used for mining, making it a win-win strategy, as they use the initial hydro energy for mining, and reuse it to generate heat. Additionally MintGreen’s Digital Boilers will prevent 20,000 tonnes of GHGs from entering the atmosphere per MW compared to natural gas.
"Mining with hydro already makes MintGreen green and reusing that same energy to sell heat makes it that much more eco-friendly." - Jesse Williams |
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Click the links:
1. The U.S. government wants to neglect the free will of the markets and Bitcoin is the only way to opt out.
2. As we approach bitcoin price all-time highs, we start to see the percentage of circulating supply in profit reach 100%.
3. Bitcoin Magazine Podcast: Discussing Bitcoin mining accessibility for the masses with Whit Gibbs of Compass Mining.
4. Despite being consistently framed as right-wing, Bitcoin is all-inclusive and benefits all ideologies.
5. Okcoin, the cryptocurrency exchange, has extended Bitcoin Core maintainer Marco Falke’s no strings attached grant for another year.
6. James Gorman shared his thoughts on Bitcoin today in a call, saying that the digital currency is not going away.
7. Bitwise CIO explained their filing's rationale, sharing that the SEC can now approve an actual bitcoin ETF.
8. Mark Yusko said in an interview that Bitcoin will power the internet of value by being its “base layer.”
9. Elon Musk’s Tesla is now over $1 billion in the green on its Bitcoin investment as the price nears $58,000 for the first time since early May.
10. In a recent Twitter Spaces, convicted Bitcoiners discussed the freedom this network gives them over government servitude.
11. Russian President Vladimir Putin made new comments suggesting a growing tolerance for Bitcoin and cryptocurrencies during an interview with CNBC that was posted on the Kremlin’s website Thursday. |
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Strike Launches Pay Me In Bitcoin Feature To Allow Income Conversion Into Bitcoin
By Namcios Strike, The Lightning Network payment platform, has announced its newest feature, Pay Me In Bitcoin. This new feature allows users to programmatically convert a portion of or all of their salary into bitcoin while the employer needing only their bank account and routing numbers.
This new feature is a bridge for society to access the hardest money ever existed, and allowing them an opportunity to finally have an incentive of saving, and not being out-paced by the high rate of inflation or the increase in cost of living.
“I am unbelievably excited to announce and publicly release Pay Me in Bitcoin with Strike.. Today, anyone with a Strike account, no matter their employer, can get paid in bitcoin.” - Jack Mallers |
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Bitcoin + Lightning Network: The Most Efficient Payment System In The World
View on YouTube In this video, we explore how the lightning network makes Bitcoin scalable to a global audience. In order to keep Bitcoin decentralized, it's blockchain has transaction limits that make it unusable for the entire world population. The lightning network is a second layer that operates on top of the Bitcoin blockchain and anchors directly to it, allowing for millions of transactions per second and helping to solve Bitcoin's scalability problem.
For more compelling video content from Bitcoin's original publication, subscribe and turn on notifications for the Bitcoin Magazine YouTube channel.
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By Bitcoin Liotta
The rumors intensify. Word in the street is that a Bitcoin ETF will finally get approved by the SEC. This is good for bitcoin visibility and validity to pre-coiners, but is it really good for the price? The more bitcoin we DCA, the less bitcoin can be kept on institutional custody. We should all be spreading the "Gospel" and teaching self sovereignty to the ones around us.
Not your keys not your coins!
Stack harder. |
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