14 Years Of Bitcoin

14 years ago today, Satoshi Nakamoto introduced the solution for a peer-to-peer currency with no trusted third parties. With just nine pages, Nakamoto started a financial revolution that would change the world.
📝 Today's Rundown
  • 🏘️ Freeing Cities: Rising movements to establish free, autonomous jurisdictions around the world are working alongside Bitcoin to establish parallel liberty.
  • 💪🏼 Taro's Limitations: While Taro is certainly useful, it might not be the total answer to scaling that proponents are describing it as.
  • 📱 A New Kind: The new Bitkit wallet leverages open-source software and bitcoin encryption to enable its users to custody not only BTC, but personal user data as well.
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🏘️ Freeing Cities

Finding Liberty In Parallel: Bitcoin And The Free Cities Movement
By Stephan Livera

The concept of a free and private city is increasingly appealing to Bitcoiners. The Free Cities Movement is an organization formed by a combination of libertarians, Bitcoiners, free private city operators and investors seeking to create self-governed intentional communities and parallel institutions.

There are already several ongoing projects that the movement is working on. For example, using Honduran Zones For Employment And Economic Development (ZEDEs) to create the conditions for good, private governance or creating permanent dwellings at sea in international waters outside the territory claimed by any government. Bitcoin has a big role to play in enabling these projects and initiatives to operate.
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💪🏼 Taro's Limitations

Addressing The Realities Of Taro’s Limitations
By Shinobi

Taro (Taproot asset representation overlay) is a proposed protocol that will allow people to issue digital assets on the Bitcoin blockchain. These assets can be of almost any kind, including tokens, stablecoins and NFTs.

The developers of Taro have finally released beta code for testnet which has started much discussion between Bitcoin developers. Some are presenting it as the solution to scaling Bitcoin, but in reality it is not at all a magical panacea. It does present real utility as a means of payment without the volatility present in bitcoin itself, but it also has its limitations. 
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📰 The Daily Bits
1. Welcome to San Francisco in 2033, where universal basic income and FedGov surveillance pervade and Bitcoin is outlawed.

2. As countries compete to attract well-heeled Bitcoiners, the orange wave appears increasingly seductive.

3. Though some people are denouncing Bitcoin Maximalism, the ethics of Bitcoin are stronger than ever and the number of Bitcoiners is only growing.

4. Bitcoin’s unique attributes enhance the efficiency of crowdsourcing healthcare related costs for both patients and companies.

5. Miner capitulation is here. Core Scientific talks about potential bankruptcy, highlighting that cash resources will be depleted by the end of the year.

6. Bitcoin mining is directly impacting people's lives for the better. Some Africans are seeing the benefits from bitcoin mining.

7. Trammell was one of the first to recognize Bitcoin’s potential and offers unique perspective for Bitcoiners celebrating White Paper Day 2022.

8. The dollar wrecking ball is hurting emerging markets and competing currencies alike. Will the U.S. be the last country to print the global reserve currency?
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📱 A New Kind

Synonym Launches Mobile Bitcoin Wallet With New Protocol
By Shawn Amick

Synonym, a Bitcoin and Lightning Network service provider, has released the Bitkit Wallet, a mobile wallet for both Apple and Android operating systems.

The wallet includes many innovative features such as: social profiles, dynamic payable contacts, interoperable data feeds and passwordless web accounts. Additionally it contains a newly developed and open-source web protocol called Slashtags, which enables users to take control of their data and make use of uncensorable social profiles.

“As more and more people lose control of their data to Big Tech companies, and lose control of their assets to Big Banks and institutions, we felt the need to create open alternatives that empower civilians to reboot the Web and the economy,” said John Carvalho, CEO of Synonym.
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MEME OF THE DAY 

By Simply Bitcoin

Even bitcoin's biggest opponents will buy it one day.

Once you understand how the game theory incentives for bitcoin work, you realize that hyperbitcoinization is inevitable.

Stack harder,
Bam
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Keep on reading, keep on stacking.
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