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| Today's Rundown: Selective Adoption: The way revolutionary technologies or transformations come about. Balancing The Grid: Midwest Utility mines bitcoin to balance electricity supply Taking It Over $300,000: New Twitter integration could drive the price up. Education Drives Appreciation: Hyperbitcoinization comes from adoption, and education drives adoption. Let's do this. |
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Bitcoiners Are The Remnant, The Masses Don't Matter
By Aleksandar Svetski
Aleksander Svetski writes an essay inspired by "Isaiah's Job" by Albert J Nock, where he lays out a thesis for bitcoin's success being a result of Selective Adoption. This contrasts the idea that is usually heard by a large part of the community: "Let's reach mass adoption, we are all in this together." The idea behind this thesis, is not that adoption doesn't matter, but that it is driven by a select group of people, which he calls The Remnant, or "those who matter," as described in Nock's piece.
The Remnants are the ones leading the packs, the ones who see the trends, the leaders and builders. These leaders are the ones creating the infrastructure, innovating and build the future they envision, and in consequence the masses will join.
The masses will default to what is available, and the Remnants have to make sure that bitcoin is and will be the most convenient type of hard money ever in existence.
"If I had asked people what they wanted, they would have said faster horses." - Henry Ford |
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LEARN BITCOIN. EARN BITCOIN. |
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Midwest Utility Mines Bitcoin To Balance Electricity Supply
By Namcios
Midwest Utility, Missouri's largest utility with 1.2 million customers, is mining bitcoin to better match demand and manage variability on the grid. The company is utilizing bitcoin mining rigs when electricity is cheap and demand is low as an alternative to ramping up its power plants output up and down to match demand.
This way, it allows the company to produce power at a constant rate, and not worry about wasting the surplus, as bitcoin miners are considered the "energy buyers of last resort." This pilot has been going on since April, funded by utility shareholders, with no impact to Missouri ratepayers. As the pilot proves to be successful, other power plants will start wondering if they should do the same — at the end of the day, it is game theory, and energy shouldn't be wasted, or else the cost will be passed on to the consumers.
"We have pretty dramatic changes in load minute by minute, second by second at times.. We need something that's really got quick, ramping up and down capability to be a really effective tool for grid balancing." - Warren Wood, the utility's vice president of regulatory and legislative affairs |
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Click the links:
1. The People’s Bank of China reposted a memo from September 15th that addresses the country's Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.
2. Sparrow, the open-source desktop wallet, now allows users to CoinJoin directly to cold storage after a configurable number of mixing rounds.
3. The Chinese ban of Bitcoin shows that the currency is delivering on its promises to enable freedom, something communism doesn’t appreciate.
4. Bitcoin Magazine invites you to join the crusade for bitcoin education on TikTok.
5. On-chain coinjoin is blended with off-chain coinswaps in this fascinating new hybrid approach.
6. The events transpiring now signal adoption is only going to pick up pace, indicating a rising bitcoin price.
7. Taking a look at advanced bitcoin market metrics, like SOPR, long-term holder cost basis, spent volume and long-term holder MVRV.
8. The energy usage of bitcoin mining has been frequently misrepresented — but there's still reason to seek renewable energy sources. |
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New Twitter Integration Will Drive The Bitcoin Price Above $300,000
By Peter Chawaga By integrating direct bitcoin payments, Twitter is paving the way for the bitcoin price to surpass $300,000.
This weekend Jack Dorsey officially enabled third-party bitcoin tipping services for iOS users on Twitter, which allows them to seamlessly pay one another across the globe, instantly, using the Lightning Network. As many of us know, the network is a great tool just by itself, and it finds adoption through users who seek to find financial inclusivity and freedom in a world which is heavily regulated with capital controls.
By bitcoin being an open network, it allows it to easily be integrated with the current financial system, speeding up final settlement and decreasing the fees of international money transfers, and even potentially replacing fees from financial services such as Visa and Mastercard. With this scope of potential adoption, and by the bitcoin market capitalization consuming: Global remittances Influencer Marketing Industry Digital Payments Market (i.e Through Twitter) The price above of bitcoin would be above $300,000. The author shares the detailed numbers behind this in the article. |
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EDUCATION DRIVES APPRECIATION |
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NgU: The Bitcoin Price Will Rise With More Education
By Joe Mallock Hyperbitcoinization comes from adoption. Teaching others about Bitcoin ushers in this change even quicker.
An inspiring and hopeful piece for many bitcoiners who have been diligently stacking for any amount of time, looking forward to or starting to become self sovereign and owners of their own time through bitcoin. The main thesis, in my understanding, is that bitcoin changes lives, and as bitcoiners we strive not only for NgU in terms of price, but also in number of people we have "orange pilled."
The beauty of the network follows the saying "the more, the merrier," meaning the value of the network increases, but also the lives of the members who joined it. The author walks us through his newly found methods of sparking the interest in other people to be curious and learn about bitcoin. Then the "orange pilling" will likely come by their own effort to educate themselves as they dive into articles and podcast in the space as many of us have done so, looking for freedom and sovereignty in a world of inefficient governments.
NgU - Number Goes Up
"I’ve found that Bitcoin brings me hope, freedom and sovereignty in a world where governments forced small businesses to close, a world of taxes — the worst of which is inflation — a world of inefficient governments that will never balance their budgets, insufficient wages, fires in the west, floods in the south… the list goes on forever." - Joe Mallock |
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By BtcKaz
For those of you who are new in bitcoin, this is not the first time, nor will it be the last time China decides to ban bitcoin. It happened in 2013, in 2017, and now again in 2021. Throughout the years, they've made multiple comments against this freedom technology.
Are people feeling scared? Previous times it happened just before massive appreciation — could this be a pattern? Only time will tell.
Don't let a good dip go to waste. Keep stacking! |
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