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Humble Bitcoiners!
It's Wednesday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Only 6 days before Bitcoin becomes legal tender in El Salvador — we did this together.
Did you stack today? |
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Today's Rundown: - An Early Start: Two young siblings, become entrepreneurs and start earning $30,000 a month by mining bitcoin.
- Bringing Back Values: An opportunity to regain our social foundations.
- On Becoming Legal Tender: The $150 million bitcoin trust has been accepted.
Let's do this. |
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These two kids are making $30,000 a month mining bitcoin
By Namcios Ishaan Thakur, 14, and his sister, Aanya, 9, earn $30,000 each month by mining bitcoin, a lucrative business scaled up during the summer.
An inspiring story of two siblings, Ishaan and Aanya Thakur, who decided to put their time and effort into learning a new technology at an early age and at the same time start a new venture.
The siblings rapidly learned the value and potential of a new decentralized digital money, and the technique of setting up miners. Thanks to their parents, who invested in them, they were able to scale up their operations shifting from the garage, to renting out a data center, while utilizing 100% renewable energy.
These two siblings are clearly up to something.
"We could have spent the entire summer playing video games, but instead we used our spare time to learn about technology." - Ishan and Aanya Thakur |
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LEVEL UP YOUR BITCOIN KNOWLEDGE |
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Bitcoin Revives The American Dream
By Mike Hobart
With so much turmoil in our country, Bitcoin presents an opportunity to regain our societal foundations.
The essay of Mike Hobart, attributes many of the current social, and cultural problems surrounding lack of relationship building and lack of family creation to our current monetary system, which has corrupted our money. With the money being debased, it has gotten harder for people to plan for a prosperous future, which has a big impact on psychological contentment.
According to the author, Bitcoin brings the "American Dream" back into relevance for today, on a global scale, providing optimism for a wealthier, more efficient and more fair tomorrow, creating hope for a better future. And I wholeheartedly agree.
"I believe that if we Fix the Money, we can indeed Fix the World. Bitcoin brings a worldview of family life back to those glory days of Post World War II America. Where families are booming, communities are thriving, and each of our futures are only limited by the scope of the imagination."
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Click the links:
1. Canaan announced that they have secured an option to sell 200,000 Bitcoin miners to Genesis Digital Assets. If executed this would be the largest Bitcoin mining machine sale ever made.
2. Greg Foss and Aaron Segal joined "Fed Watch" to discuss the current battle between governments and Bitcoin.
3. Although many in the Bitcoin space disregard any notion of institutional guidance, reality holds that these may well form in the future.
Humanitarian throwbacks:
4. France still uses monetary colonialism to exploit 15 African nations. Could Bitcoin be a way out?
5. Bitcoin gives Palestinians a powerful avenue for peaceful protest, and the opportunity to find sovereignty among oppressive economic policies.
6. As political demonstrations show the world that Cubans are tired of dictatorship, Bitcoin is providing an option to peacefully protest and opt out of a broken system.
7. A pioneering female CEO has been promoting Bitcoin in Afghanistan since 2013 and sees it needed in her home country now more than ever. |
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Bitcoin Cools Off Before Face-Melting Run
By Dion Guillaume The Finance Commission of the Legislative Assembly of El Salvador agreed Monday to create a $150 million Bitcoin trust to facilitate exchange between Bitcoin and U.S. dollars in El Salvador.
On the cusp of El Salvador making bitcoin legal tender, the preparations are progressing. The Finance Commission of the Legislative Assembly not only agreed to create $150 million Bitcoin Trust, but they are considering the possibility of increasing the allocation.
The country is running a campaign, teaching the population how to use Chivo, the government's new wallet, where the users will be able to make and receive payments in USD or Bitcoin, while the counter-party has the choice of accepting the currency of their preference. The wallet makes a no fee conversion behind the scenes, if needed.
Less than a week from today, on September 7, every citizen in El Salvador will have access to $30 in bitcoin from the government through their Chivo wallet app. This is good for bitcoin. |
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By Spinte.HODL
It doesn't matter who you vote for, you can't stop the money printer going brrr ... The chart displays the unprecedented monetary expansion that the U.S. has experienced regardless of the political party running the country.
The only way to escape from this, is through bitcoin.
Keep stacking! |
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Keep on reading, keep on stacking. |
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