Hello Humble Bitcoiners!


Get ready for your daily dose of Bitcoin signal! 
📝 Today's Rundown
  • Luxury for Bitcoin: Swiss luxury watchmaker to start accepting bitcoin, following in the steps of two competitors.
  • Jurisdictional Arbitrage: Bitcoin lets anyone live and thrive wherever they want, ending government monopoly on our jurisdictions.
  • Electricity Bill: Cycling home bitcoin miners with peak energy consumption times and capturing their excess heat help make the case for small-scale mining.
Learn More

⌚ LUXURY FOR BITCOIN

Luxury Swiss Watchmaker Breitling Now Accepts Bitcoin
By Namcios

The luxury watchmaker Breitling now officially accepts bitcoin payments. The Swiss watch manufacturer teamed up with cryptocurrency payment services provider BitPay to enable the new payment method in its online store.

The luxury market has shown a great interest in getting closer to the bitcoin world. In the last few weeks, the luxury e-commerce Farfetch, fashion brands Gucci and Balenciaga and watchmakers TAG Heuer and Hublot have announced bitcoin as a payment option.

As the bitcoin ecosystem keeps on growing, it incentivizes other businesses to follow those who adopt it. Either the company owners are becoming Bitcoiners themselves, or it might just be the game theory in kicking in.

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🌏 JURISDICTIONAL ARBITRAGE

Short The State: How Bitcoin Enables Jurisdictional Arbitrage
By Kate The Russian

This article is the second in a series inspired by the limitations imposed by governments on their citizens and the need for Bitcoiners to find sovereignty through unrestricted, global travel. In this article, Katie The Russian, Bitcoin enthusiast, Bitcoin Magazine contributor and CEO of Plan B Passport, discusses and explains the importance of jurisdictional arbitrage. Plan B is an organization that helps people reach greater levels of safety and security by assisting them in relocating outside the reach of oppressive governments,

Jurisdictional arbitrage is defined as the practice of taking advantage of the regulatory differences between different legal jurisdictions. In a truly free-market and capitalist system, each individual should have the opportunity to decide where to reside depending on their needs. However, governments do not like this phenomenon, and try to prevent it in any way that they can. They want to keep an effective monopoly over their subjects and force them to work and pay taxes to them independent of their efficiency and the services they offer in exchange.

Bitcoin is the right tool for humanity to make jurisdictional arbitrage possible.

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📰 THE DAILY BITS

1. The Bitcoin Conference team will be planting its flag in Amsterdam, bringing the world’s biggest Bitcoin event to Europe.

2. The long-standing claim that bitcoin is a hedge against inflation has come to a fork in the road as inflation is soaring, but the bitcoin price is not.

3. While this isn’t bitcoin’s first bear market, it is the most opportunity-ripe “winter” yet experienced by the industry.

4. The Responsible Financial Innovation Act offers clarity around Bitcoin-related terms and could incentivize bitcoin mining with renewable energy.

5. We hope that one day, Bitcoin will go unnoticed as a second Renaissance flourishes all around us.

6. Luxor Technologies' new marketplace allows those looking to mine bitcoin to find hosting facilities and ASICs by delivering industry knowledge about each provider.

7. Users of Bitcoin Reserve can now purchase Blockstream’s Liquid Bitcoin (L-BTC) which enables the use of the Liquid Network, a layer two app for Bitcoin.

8. Over 53 million Brazilian customers can now buy bitcoin through the country’s largest digital bank, Warren Buffett-backed Nubank.
🏠 ELECTRICITY BILL

Why My Energy Company Pays Me For Running A Bitcoin Miner At Home
By Techengineer21

The Bitcoin mining industry is expanding and growing at an incredible rate. Bitcoin’s network’s hash rate keeps printing new highs constantly and it seems that nothing can stand in its way as regardless of the bitcoin price, the network keeps becoming safer and stronger. 

However, it is imperative to emphasize the importance of keeping Bitcoin mining decentralized and the crucial role that widespread and small-scale mines have, not just for the Bitcoin mining industry, but for the longevity and resilience of the whole network.

The author of this article writes about the several risk factors that could come into play if Bitcoin mining becomes centralized and how a small-scale or home miner could take advantage of energy peaks, rate plans, solar panels and Bitcoin mining rigs to not just secure the network and participate in its decentralization and get rewarded with BTC by doing so, but also to get paid by the electricity company for returning excess energy during peak times.

Read Full Article

MEME OF THE DAY 

By Scoresby

In these times of accumulation, people often get excited as they are able to accomplish some of their "stacking goals." But be aware that the internet does not forget, and you may putting a target on yourself.

Don't talk about your bitcoin stack! But keep on stacking ...

With Love,
Bam
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking.
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