Hello Humble Bitcoiners!


Another beautiful day to pour yourself some coffee ☕, read your favorite bitcoin content, and get ready to seize the day!
📝 Today's Rundown
  • 💸 Valuing The Network: Bitcoiners, assemble! Attribute value to not only satoshis the asset, but also Bitcoin the network!
  • 🏔️The Hills:  The hills once provided a check on the overreaches of state-making. Today, Bitcoin provides that check.
  • 🏦 Multi-Factor Authentication: There are many ways to improve your security with multi-factor authentication, but some offer more protection from hacking and tracking.
Learn More

💸  VALUING THE NETWORK

Valuing The Bitcoin Network Instead Of The Asset
By Will Schoelkopf

A few weeks ago, Bitcoin enthusiast and fellow Bitcoin Magazine contributor Mark Maraia joined Will Schoellkopf, computer scientist, author of "The Bitcoin Dog" and host of the Bitcoin podcast "It's So Early," in a podcast episode where they introduced their new telegram group "#250satsperdollar."

In the group, they’ve created a market for Bitcoiners to transact with each other a satoshi value for not only the product/service they are buying, but also a satoshi value to each other acknowledging the privilege of transacting over the Bitcoin network. Everyone in this group agrees that the Bitcoin network and protocol is worth 250 sats per dollar.

Read Full Article

🏔️  THE HILLS

Bitcoin Is The Hills
By Captain Sidd

Let’s say you have a large sum of savings in your local currency. However, you disagree deeply with the government you live under, and do not feel as if your voice matters in the halls of your state. What can you do? Where can you go? Where do you put your capital to keep it out of the state’s hands?

The traditional “run to the hills” expression exists for a reason. Over the course of history, forces of oppression motivated a voluntary movement of people into the hills, since the rough terrain served as a natural impediment to absorption by the state.

Unfortunately, moving to remote physical spaces no longer serves as a viable escape from taxation or bondage, as state power extends over almost every physical corner of today’s Earth. Fortunately, cryptography and mathematics have allowed us to create a digital hill for capital. Bitcoin is a technology that is out of the control of the state and will liberate humanity from oppression.

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📰 THE DAILY BITS

1. As tightening authoritarianism from China strips Hong Kong of financial freedom, Bitcoin offers its people a chance at forging their own paths.

2. Hash functions are a one-way mathematical problem. If a person has the resulting hash, it is impossible to convert it back to the original data.

3. In hindsight, several particular decisions made in the 20th century created an environment that necessitated bitcoin.

4. There are mathematical patterns throughout Bitcoin that repeatedly result in the numbers 3, 6 and 9, which show it may be the key to the universe.

5. While many people cheered their stimulus checks, those same people are unaware of the long-term price they’re paying for endlessly increasing monetary units.

6. Bitcoiners often share similar values and are out to achieve the same mission. This alignment creates strong relationships with people from around the world.

7. Analyzing Federal Reserve policy decisions in addition to data from the purchasing managers’ index can give us three scenarios for the bitcoin price.

8. Riot Blockchain released Q2 update, the company till holds a large treasury and ramped up its infrastructure through a $14 million bitcoin sale and dumping over 30 million shares onto the market.

9. Modeled after Bitcoin Beach, a South African township attests to the opportunities of a bootstrapped bitcoin economy.

10. NFL team Houston Texans now accepts bitcoin for single game suites.
💻 MULTI-FACTOR AUTHENTICATION

How To Protect Yourself With A More Secure Kind Of Multi-Factor Authentication
By Heidi Porter

Separating money from the state and becoming our own bank is probably the best thing that could happen to our civilization. However, with great power comes great responsibility and in this case, we must become responsible for safely storing our funds. 

There are many ways to improve your security and stay protected from hackers. Multi-factor authentication (MFA), a layered approach where a system requires a user to present a combination of two or more credentials to verify their identity, is probably one of the best and easiest ways to drastically improve one’s protection. However, some kinds of MFA offer more protection from hacking and tracking than others. 

This article explores everything you need to know about MFA and discusses important topics such as:
  • Where should I use MFA and what kind of MFA?
  • MFA and marketing misinformation.
  • Less hackable and trackable MFA.
  • How your accounts and finances can be compromised.
  • Phishing-resistant MFA.
  • MFA hardware keys and smart cards.
  • Mobile: Restricted spaces require hardware devices.
  • And more.
Read Full Article

MEME OF THE DAY 

By Coinbits

Many of us have heard the famous quote: "It is not about timing the market, but time in the market."

Once you fall into the bitcoin rabbit hole, it becomes a unique path. Many go from not owning it, to recurrently accumulating and ultimately converting their entire net worth into bitcoin.

If you ever think about "how crazy" this desire to convert into a bitcoin standard is, know that you aren't alone. There are many already all-in, fully prepared for hyperbitcoinization.

With love,
Bam
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking.
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