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Thank you for joining us for today's newsletter! Sit down and get ready for your daily dose of Bitcoin signal! |
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Today's Rundown: - Hello Argentina: Strike launches in Argentina, country’s citizens now have easy access to bitcoin.
- Fixing Democracy: Bitcoin presents a new way of ordering society and incentivising progress.
- The Solo Miner: The individual worker took home over $260K after successfully mining a new block on the Bitcoin blockchain.
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Bitcoin App Strike Launches In Argentina
By Namcios Lightning platform Strike has announced to launch in Argentina, providing some of its services to the citizens of the country in an effort of "giving hope" to a population suffering from hyperinflation.
"Today, we launch a superior financial experience to a country that faces hyperinflation, predatory payment networks, and unusable cross-border transfers” - Jack Mallers, CEO of Strike
Through Strike, Argentinas will now be able to hold, save and transfer worldwide (without fees) higher balances than the limits imposed by their local banks, with the additional opportunity of the possibility of accessing and saving in the best monetary network in human history; Bitcoin.
In essence, Jack mention that through Strike, the citizens will finally have access to a superior financial experience that legacy financial institutions and governments have failed to deliver to the people of Argentina. |
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Bitcoin Is Not Democratic (Part One): Problems With Democracy
By Aleksandar Svetski Democracy does not work. So far, it has been useful only to create monopolistic societies, run by popularity contest winners with no other objective than to take advantage over others. It is contradictory to assume that individuals are not competent to correctly decide what to do with their own resources but at the same time they are capable of electing someone that will determine what to do not only with theirs, but everyone else’s resources. Moreover, being forced to pay taxes to and be represented by someone you didn’t choose and that has the explicit, legal right to expropriate your wealth is just another form of slavery.
Knowing that, it is imperative to separate money from the state and make sure that the new monetary standard has fixed rules with no voting or “on-chain” governance, enforced by the individual (node), meritocratic (PoW), verifiable, immutable and resistant to censorship, just like Bitcoin. |
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1. Bitcoin 2021, the biggest bitcoin conference, redefined the importance of in-person celebration.
2. Potential correlation between bitcoin and equities is in focus as the S&P 500 reached as far as 4.2% below its all-time highs.
3. Publicly-traded bitcoin miner Marathon Digital has seen its share price tumble along with bitcoin. So, does that make it a good buy?
4. How unions and Bitcoin both serve to protect the interests of working people through dissemination of governance.
5. The video platform by Google banned Bitcoin Magazine’s channel during a livestream covering Bitcoin news.
6. Fidelity, the Canadian investment manager, adds bitcoin exposure to traditional ETFs seeking to improve the two funds’ risk-adjusted returns in the future.
7. Bitcoin will transform society's understanding of Energy.
8. Luxor Technology Corporation launches Bitcoin ASIC trading desk, they would purchase and sell rigs on behalf of its team and miners and investors on its network. |
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Solo Bitcoin Miner With Only 120 TH Finds Valid Block Bitcoin miners are constantly competing for being the first one to find a valid hash under the network’s threshold. Finding a new block comes with a reward of currently 6.25 BTC (cut in half every 4 years, approximately). To find a new block, miners need to compete using their computational power and the more hashes per second a miner can perform, the more likely they are to find a valid block.
However, independently of their processing power, any miner has a chance to be the first one to find a block as the hash function outputs widely different hashes given even slightly distinct inputs. Under normal circumstances, miners join mining pools, or groups of miners to increase the chances of becoming the winners in finding the next block and sharing profits, but this was not the case this last Tuesday.
A solo miner won the Bitcoin mining lottery by finding a new block when odds were against him, with a processing power that gave him a chance of 1 over 10,000. |
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By Sylvain Saurel
Be the one who stores your wealth in an "investment vehicle" which acts as a wheel that drives you forward, not in one which acts as an anchor hindering you to reaching success and prosperity.
Bitcoin is the hardest monetary network that humanity have ever had, we are blessed to be part of this financial revolution, harness it and share it.
Stack harder.
With love, @Bam |
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 | BITCOIN MAGAZINE COMPLETE COLLECTION$7000 |
 | BITCOIN MAGAZINE ISSUE 1$1000 |
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Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
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