Hello Humble Bitcoiners!


The weekend is upon us! As crazy as it seems the Bitcoin signal never stops. Let's dive in.
📝 Today's Rundown
  • Signs Of Life: Even as the bitcoin price struggles, transaction fee data demonstrates that bitcoin miners will weather the storm.
  • No-KYC For Dummies:  The reasons that KYC should never be the default are obvious when examined from a lens of security and privacy.
  • BlackRock Goes Bitcoin: The $10 trillion asset manager will leverage Coinbase Prime to offer bitcoin trading and custody services to institutional investors.
Learn More

🌱 SIGNS OF LIFE

Mining Fee Market Shows Signs Of Life Despite Bitcoin Price Downturn
By Zack Voell

Despite Bitcoin’s price action that has been quite unfortunate for most investors in the last couple of years, the fee markets of the Bitcoin Network are starting to show small signs of recovery and cyclical patterns that give enough data to assert that there is no reason for long-term concern. After all, looking at what percentage of mining revenue comes from fees is one of the strongest indicators of the industry’s health.

This article provides an overview of a few bits of surprising bear market fee data. It discusses, in context of these numbers, the correctness of the critics of the Bitcoin market and the future of Bitcoin fees.

Read Full Article

🚫 NO-KYC 

An Argument Against KYC Bitcoin That Everyone Can Understand
By Heady Wook

We could never stress enough the importance of privacy when it comes to sound money and, most importantly, freedom. Saying that you don’t care about it because you have nothing to hide is pretty much the same as saying you don’t care about free speech because you have nothing to say. You might not fully acknowledge it but you do have (a lot of) things to hide and say, and that’s OK! Not for nothing privacy is officially recognized as a fundamental human right. 

KYC (know your customer) is an insidious tool imposed by governments and corporations, at times maliciously, to pull apart the censorship-resistant and permissionless attributes of Bitcoin. Ultimately, the more personal information you disclose, the more at risk you put yourself into since, furthermore, the more someone knows about you, the more power they have over you. Bitcoin is unstoppable, but you're not. You can easily become a target because of your lack of privacy. 

The ultimate censorship and seizable resistant feature is privacy!  

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📰 THE DAILY BITS

1. The international putsch to end the Bitcoin Experiment won’t ever relent and neither can those who wish to live in a world of monetary choice.

2. Supreme Court precedent shows that New York’s moratorium on proof-of-work mining violates Bitcoin miners’ First Amendment rights.

3. ZEBEDEE launches cross-platform money transfers on the Lightning Network. The new feature will enable any business or app to transfer funds with participating businesses and to instantly pay its users leveraging the Lightning Network.

4. Pepe and Bitcoin both represent systems of value forged in stark opposition to the one surrounding them.

5. The Club For Growth published a report exploring the shortcomings of a CBDC while detailing how the technology could fail in providing purported benefits.

6. Binance and Mastercard to launch bitcoin reward card in Argentina. Users of Binance card can earn up to 8% cashback on purchases and bill payments through Mastercard’s vast network of over 90 million merchants worldwide.
😱 BLACKROCK GOES BITCOIN

BlackRock To Offer Bitcoin Trading, Custody In Coinbase Partnership
By Shawn Amick

BlackRock, the world's largest asset manager with over $10 trillion in assets under management (AUM), is launching bitcoin trading services for institutional clients through a partnership with Coinbase.

The company will leverage the platform Coinbase Prime, to provide direct access to bitcoin trading and custody through their end-to-end investment management platform Aladdin.

“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” said Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, per the blog post.

Read Full Article

MEME OF THE DAY 

By SimplyBitcoin

The strategy is a simple one: fix the money, fix the world.
Some say it is not a direct causal effect, but still in order to be able to fix the world, one must fix the money first.

There is no alternative!

Stack harder,
Bam
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Keep on reading, keep on stacking.
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