Hello Humble Bitcoiners! Get ready for your daily dose of Bitcoin signal! |
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📝 Today's Rundown Spending Bitcoin: Bitcoin hasn’t reached mass adoption in part because it isn’t being used as a medium of exchange. By spending bitcoin, we can demonstrate its usefulness. Don't Trust, Verify: Bitcoin is defined by its users — but how many node operators understand and verify protocol changes on a nuanced and deeply technical level? The Great Filter: Bitcoin doesn't just "break all your models." Bitcoin breaks all cycles. |
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Why More People Need To Start Spending Bitcoin By Don McAllister As time goes on, the narratives around bitcoin are constantly shifting. Lately, bitcoin proponents have been vocal about it being a store of value and a savings technology, but there is a key factor missing, and according to the author an important one for bitcoin to reach mass adoption: spending bitcoin. As the technology improves and the usefulness increases, there is a need for education to embrace all of these new innovations to make spending bitcoin possible. The piece highlights some of the features that are already in place in the bitcoin ecosystem, which are sometimes not widely spoken about: Price volatility: Solutions for merchants that allow for the receipt of bitcoin over Lightning, which can be kept in bitcoin or fiat, if there are volatility concerns. Benefits to the retailer: Point of Sale devices such as NCR begin to allow flexibility on receiving bitcoin or fiat, permitting faster settlements. Benefits to the consumer: Consumers begin to have the flexibility of paying with their phones, and even NFC cards such as Bolt card, sometimes even getting discounts due to lower merchant fees. In essence, using bitcoin as payment increases its adoption, by incentivizing more people to get on board by accepting it as payment. To propagate this, bitcoiners need to start seeing bitcoin as a medium of exchange additionally of it being a store of value. |
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These Public Oil Companies Are Joining Forces With Bitcoin Bitcoin Developers Have Technical Expertise That Users Don’t By Shinobi There is a big difference between Bitcoin users and Bitcoin developers. To understand the technicalities inside Bitcoin’s code and the Lightning Network requires not just prior programming and cryptographic knowledge but also a lot of time to research, experiment, test and actually learn about the novelties of the protocol on a strictly technical level. To assume that users understand these things just because they are, in fact, the ultimate arbiters of how the protocol works based on what software they choose to run, is pure hubris. The author of this article writes about the importance of the phrase “don’t trust, verify,” when it come to talking about Bitcoin and certain protocol changes and upgrades. Most users tend to repeat what they hear somewhere else without even being sure about what they are talking about. After all, it is not required to fully understand something to be able to use it, just look at the machine your are reading this from. |
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1. Bitcoin lets us envision ourselves far into the future. It allows us to think, to set high goals and to discover a genuine pursuit which provides real value. 2. The eurodollar has been an instrument that allowed for massive global credit and leverage. Bitcoin will benefit from the de-leveraging of that failing system. 3. Love, violence and money are interrelated through their connection to energy. As the digital representation of energy, Bitcoin offers a better store of energy. 4. Greetings from the deep future! It is block height 4,830,001, and we have just had an interplanetary 23rd halving party. 5. A recent note from JPMorgan Chase suggested the bank realizes that bitcoin isn’t going anywhere. But what do the rent seekers really think? 6. Octagon Networks has converted its entire balance sheet into bitcoin and will begin accepting payments in BTC for all services. 7. The institution of marriage has suffered debasement as a result of a singular focus on “love,” a word that’s evolved in meaning. 8. The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”. 9. Geyser aims to create a full-fledged Bitcoin crowdfunding platform for creators and creatives to monetize projects through community support. |
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Have you heard of the Fermi paradox and the Great Filter theory? The Fermi paradox is the conflict between the lack of clear, obvious evidence for extraterrestrial life and various high estimates for their existence. Meanwhile The Great Filter theory suggests that intelligent/concious lifeforms must realize a series of critical steps on their way to becoming an interstellar race and at least one of them must be highly improbable. The author of this article writes about the importance of “money” for an intelligent species going through the great filter. A civilization without a proper form of money that allows it to transact resources, energy expenditure and the input of time for something that cannot be faked, co-opted or cheated, would never be able to utilize their resources effectively or efficiently enough to become a meaningfully interesetellar species before wiping themselves out. First we fix the money. Then we fix the world. Then we explore the galaxy. |
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By Bitcoin Magazine Bitcoin is freedom. Before digital property had been invented, humanity was incentivized on accruing assets, and other things such as houses, cars, furniture, etc. Now comes the most scarce asset that ever existed, bitcoin, and suddenly everything else isn't as attractive to hold. And the beauty of it? You are free to move around without material things to tie you to a specific place. Because no matter how much it appreciates, the cost of storing and moving remains the same. With love, Bam |
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Today's email was brought to you with ♥ by Bam. Keep on reading, keep on stacking. |
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