Hello Humble Bitcoiners!


Get ready for your daily dose of Bitcoin signal!
📝 Today's Rundown
  • Are Miners To Blame?: Bitcoin’s price is sitting well below its record highs and some miners are selling more coins than usual. But should investors be concerned?
  • Secure Your Coins: How to use the ColdCard hardware wallet, a popular choice amongst Bitcoiners concerned with security and privacy.
  • Space Is The Limit: In terms of physical reach, where has Bitcoin been? How far could it go?

💻 ARE MINERS TO BLAME?

With Bitcoin Price Slipping, Are Miner Selloffs To Blame?
By Zack Voell

It is true, miners are selling, but that is no reason to panic.

After some consistent months of seeing miners not selling off their mined coins, and displaying a bullish behaviour, some of the companies like Riot Blockchain, Marathon and Core Scientific told investors they have sold some coins and will likely sell some more.

But let's not get confused here. Self preservation is different from bearishness, and according to the author, what we have been experiencing lately from the Public Miners, is only them preparing and adjusting for rainy days, both paying off their operating expenses and protecting their balance sheets.

Most of them still have plans to continue expanding their operations as we have been reporting in the last weeks.

Read Full Article

🔐 SECURE YOUR KEYS

An Easy Guide To Use The ColdCard Bitcoin Hardware Wallet
By Arman The Parman

This is a follow up of the series “Using Bitcoin Hardware Wallets”. If you share the ideology of sovereign money, the most important thing to do is to have self-custody of your own bitcoin private keys.

ColdCard is a Bitcoin signing device (or hardware wallet) that is totally open source (all of the Coldcard code is viewable, editable, and verifiable) and that does not require to be connected to a computer to operate, which makes it one of the safer hardware wallets there are.

This article is a full guide on ColdCard. It covers everything you need to know to properly use the device, from purchasing and setting up the wallet, to sending and receiving funds.

Read Full Article

📰 THE DAILY BITS

1. Bitcoin returns economic consequence, and therefore learning from experience, to the pursuit of progress.

2. Learn about bitcoin? It seems that some academic institutions don’t want you to!

3. Looking at different metrics can help determine bitcoin’s place in the traditional market cycle and how macroeconomics can impact the bitcoin price.

4. Farfetch, the luxury retailer will begin accepting bitcoin as payment in select locations as a trial with plans to extend to the whole customer base.

5. Inflation data shows a 106% increase in fuel oil year-over-year with an unexpected 40-year high Consumer Price Index report of 8.6% as bitcoin dips to $29,500.

6. Lightning has seen major growth as Bitcoin’s medium of exchange scaling solution, but is still in its infancy stage as companies build on top of the protocol.

7. It is critical that both lawmakers and consumers understand the natural protections that Bitcoin gives them as a result of its decentralized design.

8. TBD’s Web5 takes a different approach than Web3 on how to build a properly decentralized internet, with Bitcoin being the single blockchain used in the project.

9. Reviewing Bitcoin’s history of proposed privacy improvements can help us learn from the past and keep up with new improvements as we go

10. Certain characteristics of Bitcoin create a loss in fungibility. These must be addressed and solved in order for Bitcoin to gain widespread adoption.

11. Bitcoin incentivizes energy innovations whereas proof-of-stake results in exacerbated inequality since the more money you have, the more money you get.

12. Silent payments improve user privacy and are similar to stealth addresses and reusable payment codes, but actually save space on the Bitcoin blockchain.
🌎 SPACE IS THE LIMIT

Bitcoin Offworld
By Alex McShane

Have you ever wondered if Bitcoin could transcend over space and time and become the first native currency of the universe?

In this article, Alex McShane, Bitcoin enthusiast and The Bitcoin Magazine’s journalist, explores the capabilities and the possible reach that Bitcoin could have across the cosmos and time by analyzing its physical and technological limitations. While evaluating the laws of thermodynamics, time constraints and the mathematical and cryptographic nature of Bitcoin, McShane writes about how we will use Shatoshi’s discovery as we evolve to become an interstellar species.

Read Full Article

MEME OF THE DAY 

By Bitcoin Daily

Bitcoin won't go from zero to world reserve currency without going on a fight. These volatile times are the ones which could shake your conviction, but seek refuge in education and you'll remember that everything will be ok.

Bitcoin hasn't change. It continues producing block by block and protecting private property in the digital space. 

In the end, we will win.

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