Humble Bitcoiners!
It is with great pleasure that we bring you the last newsletter of the week! Sit down and get ready for your daily dose of Bitcoin signal! |
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Today's Rundown: - Bitcoin-Backed Loans: Banks are exploring taking bitcoin as collateral.
- Decentralized Privacy: JoinMarket has the potential for decentralized privacy.
- HODL: Hut 8 is keeping their mined bitcoins - 'HODLing'
- Monetary History: It hasn't been taught accurately, a bitcoin standard is needed.
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Goldman Sachs And Other Wall Street Banks Are Exploring Bitcoin-Backed Loans
By Namcios Goldman Sachs and other Wall Street banks are exploring ways to do institutional cash loans with bitcoin as collateral. As of now, there is no plan of banks holding the 'physical' bitcoin, which might happen through third parties, but the chairman of the Federal Deposit Insurance Corporation (FDIC) mentioned U.S. regulators were exploring the way traditional banks would hold bitcoin.
This is of great interest as it allows people to never sell their bitcoin, therefore not incurring a taxable event, while still being able to leverage the power of their forever appreciating asset by loaning fiat for a low interest rate, as one is the owner of a highly liquid pristine collateral, meaning zero to no risk for the loan issuer. |
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JoinMarket Vs. ZeroLink And The Road To Decentralized Bitcoin Privacy Through CoinJoin
By Shinobi In the last two years Wasabi Wallet and Samurai Wallet have made bitcoin privacy quasi-mainstream, making it simpler and more accessible for everyone by utilizing ZeroLink architecture.
JoinMarket is another alternative, which, instead of utilizing a single coordinator server operated by the wallet maker, any user can participate by registering on an orderbook and being able to pick available offers for mixing funds, generating incentives for liquidity providers to do so by earning fees out of their committed liquidity.
In this piece, the author dives deep on the technicalities of the two architectures for privacy, remarking why JoinMarket is a great option as it increases decentralization by not needing the wallet issuer to be the single coordinator on the path to acquiring privacy. |
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Click the links:
1. The billionaire’s bitcoin funding initiative Square Crypto has rebranded to Spiral and is aimed at “making bitcoin the planet’s preferred currency.”
2. Riot Blockchain, the bitcoin mining company, buys electrical supplier Ess Metron for $50 Million.
3. Two Bitcoin experts speak about their experiences building Bitcoin related companies.
4. The bitcoin market reacted to comments by Federal Reserve Chairman Jerome Powell about the rising risk of persistently high inflation.
5. Fidelity, now the largest firm to offer a bitcoin ETF, has also launched a physical bitcoin ETF in Canada
6. Korea Exchange Chairman Son Byung-doo said the country needs to study embracing bitcoin and cryptocurrencies.
7. Central bank interventions in the monetary system - from lowering interest rates to printing money - do not change peoples’ saving and spending behavior: They only redirect it.
8. Promoted: Bitcoin wallet provider Arculus has teamed with Bitcoin Black Friday to offer a major discount on its secure, cold storage solution. |
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Hut 8 Maintains 'HODL' Strategy After Mining 265 Bitcoin In November
By Namcios Hut 8, the Canadian miner has deposited all of its 256 bitcoin mined in November into custody, and kept true to its word early this year, by sustaining a "HODL" strategy. The company now holds 5,242 bitcoin in reserve.
The company has now leveraged the Luxor pool to increase its daily bitcoin revenue. With Luxor technology, they can maximize rewards by employing computing power to other blockchains and receiving the rewards in bitcoin.
It is clear that bitcoin miners are competing against each other where accumulation is the key metric, not how much revenue in fiat they were able to obtain, which is naturally bullish to the space. |
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They Haven't Been Teaching Monetary History Accurately
By Marty Bent
It appears that monetary history hasn't been taught properly in the mainstream or keynesian economics curriculum, and capitalism and the gold standard often take the blame for The Great Depression. It is easy to blame the system when it wasn't exactly built for corrupted incentives such as funding World War I.
To recap the history with a meme: - Monetary socialism
- Fucks up the markets.
- "Capitalism caused this"
- Socialism.
A hard money standard doesn't allow the issuance of infinite money to fund never ending wars while diluting the wealth of all members of economy. If money wasn't corrupted, huge debt wouldn't have been accumulated, as everything would need to be funded by taxes and savings, not by the cost of future generations which don't even have a say in the decision making process. |
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2021 BITCOIN BLACK FRIDAY • SALE ENDS 12/26 |
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| Bitcoin Black Friday, the annual opportunity to get the best deals on Bitcoin-related items or a variety of other gifts in exchange for bitcoin, will return at BitcoinBlackFriday.com on November 26 and run through December 26, 2021. For Bitcoin Black Friday 2021, the event will feature nine premier brands, each listing one specially-discounted product with bitcoin as a payment option to celebrate the holiday’s ninth anniversary. In addition, 21 products, pieces of artwork and experiences will be listed for bitcoin, with the proceeds donated to charity. The charitable goal is to raise $25,000 in BTC to contribute to the Built With Bitcoin Foundation, which provides clean water, access to education, sustainable farming and other humanitarian support around the world. |
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By Greg Zaj
New bonds are in the market, and are backed by bitcoin instead of just "the issuers faith". With T-bills yielding so low, it is not even hard to think how convenient El Salvador's are to any pension fund manager with a mandate of having bonds in their portfolio. This is bullish.
Keep stacking. |
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Keep on reading, keep on stacking. |
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