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Hello Humble Bitcoiners!
Happy Monday, let's get straight into your daily bitcoin signal. |
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📝 Today's Rundown - ⛓️ Jailed for P2P: Bitcoin educational persona Doctor Bitcoin explains his recent arrest for selling BTC and warns that the government won’t stop with him.
- 🖨️ Printers Back On: The only way out of this mess is to adopt a money that is extremely hard for the unproductive class to corrupt. That money is bitcoin.
- 🇸🇻 El Salvador's Bet: Channel jamming has emerged as a potential attack vector for the Lightning Network. But does it pose a real threat?
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Doctor Bitcoin, Jailed For Selling P2P, Warns Others They’ll Be Next
By Guy Malone Bitcoin might be unstoppable, but its users are certainly not impervious.Â
Mark Hopkins, better known in the Bitcoin world as Doctor Bitcoin, has been imprisoned for the crime of selling bitcoin peer-to-peer.
Dr. Bitcoin was caught in the crossfire of the authorities during an investigation into a Nigerian lottery scam and, since they couldn't incriminate him for that, they've now prosecuted him for selling bitcoin a few years ago even though the trades in question were made before the Financial Crimes Enforcement Network (FinCEN) proclaimed in 2019 that a license is required to sell bitcoin and other cryptocurrencies.
Those with the capability of printing money and using it as they please are not going to surrender that easily. They are going to do everything they can — and they can do pretty much anything — to remain in power. We can not stress enough the importance of privacy when it comes to overthrowing tyranny. Dr. Bitcoin warns that he is not going to be the last imprisoned Bitcoiner. |
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🖨️ PRINTERS BACK ON |
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The Energy Crisis Will Turn The Money Printers Back On, But Only Bitcoin Can Solve It
By Marty Bent After a couple years of loose monetary policy and high availability of liquidity in the markets, central banks have started to tighten in an attempt to fight the high inflation being experienced by the population — but it seems that an energy crisis wasn't in the plans.
The fight to curve inflation might be shifted as the European energy industry faces at least €1.5 trillion in margin calls, while governments come out with price controls on electricity to ease the anxiety of winter for the European population.
Unfortunately it seems that money printing ends up being the solution for everything. While it may solve a problem in the short term, it creates the need for more money printing later on, inevitably leading to price inflation and further suffering.
The only way out of this mess is by adopting money that is extremely hard to corrupt, and stopping the unproductive class from misallocating capital. Bitcoin is the way forward. |
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1. The projects on the ground of El Salvador’s Bitcoin adoption shows how the citizens of the country seek financial education. 2. As a Bitcoiner, being aware of all the ways technology is used to spy on you is paramount to good opsec. 3. A sovereign debt crisis is brewing in Europe, and it will likely perpetuate the euro's devaluation and pave the way for bitcoin. 4. CleanSpark, the renewable bitcoin mining company, acquired a new facility in Georgia which will hold up to 70,000 mining rigs at full capacity by the end of next year. 5. In a new and developing space, there is bound to be a lot of noise. 6. Using Bitcoin doesn’t have to mean handing over all of your personal data to the companies you interact with. 7. Bitcoin mining pool Poolin suspended withdrawals and is suffering for it as nearly 50% of its hash rate looks to have left. |
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| 🇸🇻 EL SALVADOR'S BET |
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Will El Salvador’s Bitcoin Bet Pay Off?
By Kudzai Kutukwa El Salvador decided to adopt Bitcoin as legal tender in September of last year. Because of Bitcoin's current price action against the dollar, mainstream media and economy pseudo-experts have not missed the opportunity to point out El Salvador’s losses.Â
It is true that Bitcoin’s price is approximately 56% lower than it was during El Salvador’s adoption last year. However these losses are not yet realized as El Salvador has not sold its bitcoin, and the country's conviction continues to grow.Â
Central America has a long record of forced control and oppression from outside governments. For the first time in history one of these countries is winning the fight for its sovereignty. El Salvador's bet on Bitcoin is already paying off because freedom has no price. |
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By Bartosz
Allowing a group or entity allowed to create money out of thin air, just means that there is someone out there who believes they are better than you at allocating your own capital. This person feels empowered to debase your hard work.
And guess who benefits from this? Not you, not me.
Get some bitcoin and opt out!
With love,
Bam |
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Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
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