Hello Humble Bitcoiners!
Happy hump day! Let's dive into some more Bitcoin signal. |
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| 📝 Today's Rundown Don't Get Scammed: You’ve heard the buzzwords: Web3, NFTs, DeFi. But what do they mean? Compared to Bitcoin, pretty much nothing. The Future Bitcoin Standard: Part Four of the Bitcoin Is Not Democratic series touches on governance and freedom. Human Rights: The bad guys can’t stop Bitcoin, but Bitcoin can stop the bad guys. |
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Bitcoin, Not "Crypto," NFTs, Web3 Or DeFi
By Jimmy Song Being in the bitcoin space, we have all probably heard the buzzwords NFTs, Web3 or DeFi. In this piece the author sheds some perspective on differentiating bitcoin from these buzzwords by going so far as putting them in the category of "scams."
According to the piece, the main problem lies within the incentives. Mostly an attempt at creating money out of nothing, many of these projects are cheap spin offs of bitcoin, giving themselves huge premines of the coins being marketed all while having strong vested interest in getting more people to buy them. Often these projects promise great visionary things, completely hyped up by marketing, sacrificing decentralization and later failing to materialize the promises made.
On the other hand, Bitcoin is different from "crypto." With no central controller, there are no misaligned incentives and the people involved have no special rights. Bitcoin just accomplishes the main objective, being better money all while being fully decentralized. It does not requires you to trust in some entity, as other coins do. |
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| ⚡ THE FUTURE BITCOIN STANDARD |
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The Future On A Bitcoin Standard — Bitcoin Is Not Democratic Part Four
By Aleksandar Svetski This is the fourth installment in a series addressing the various political plagues of modernity and how Bitcoin can help cure them.
In this piece author Aleks Svetski hones in on potential governance systems of the future, a future in which Bitcoin is the standard monetary system.
According to Svetski, governance models which tend closer to the spectrum of Anarchy are the true political manifestation of the freedom Bitcoin creates monetarily. He also considers the aspects of Monarchy and Localism present in governance systems that would be most conducive to free trade. |
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1. Goldman Sachs, facilitated by Galaxy Digital, purchased an over-the-counter options contract to be cash-settled, that is tied to the price of bitcoin.
2. In the introduction to “Bitcoin Is Venice,” the authors outline the theory that voluntarily adopting Bitcoin will pave a prosperous path for the future.
3. Investing in Bitcoin companies is a viable path for generating BTC and will lead to heavier emphasis on sats flowing back to investors.
4. Bitcoin education is a key part of onboarding the unbanked citizens of Africa who increasingly look to Bitcoin as their monetary network.
5. Bitcoin supporters are in a unique position to facilitate the separation of money and state while creating a better financial experience for everyone.
6. Analyzing the changes in average hash rate to measure miner capitulation in the bitcoin market can be a great indicator.
7. How to best protect yourself given the information sharing requirements of various services. |
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☕ FOUNDATION OF HUMAN RIGHTS |
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Bitcoin Can Be The Foundation Of Human Rights
By Gregor Herbort All 30 articles written in The Universal Declaration of Human Rights were thought to protect people from atrocities comparable to those lived through in the Second World War, such as the right to asylum, to own property and not be deprived of it, employment, health care and well being (food, clothing, housing, etc).
However, even though it is deeply involved in most of these issues, none of them mention the word “money”! This is an extremely odd fact because, in essence, a fraudulent monetary standard was one of the main facilitators for the war: Governments wouldn't be able to start such large wars if they couldn't print the money to finance them.
Article 31 of the Declaration of Universal Human Rights should say: “Everyone has the right to freely access a sound international currency." Fortunately, there is almost no need to fight for this right anymore. Bitcoin is unstoppable! |
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| In this episode of Bitcoin Magazine LIVE: An interview with SeedSigner An interview with Dhruv Bansal An interview with Anthony Scaramucci An episode of The Break Up with Nolan Bauerle Don't forget to LIKE & SUBSCRIBE. |
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By Ellars
Seems a little bit ironic that the same entity (The State) that is rating your spending and giving you a credit score is submerged in an ever-growing wave of debt. It is increasingly irresponsible by the day with no control whatsoever over their own credit score.
Bitcoin fixes this: While it might not fix politicians, it allows saves us from the repercussions of their irrational spending and monetary debasement.
With love,
Bam |
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