Humble Bitcoiners!
It is with great pleasure that we bring you today's newsletter! Sit down and get ready for your daily dose of Bitcoin signal! |
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Today's Rundown: - Stacking: The biggest corporate bitcoin holder added 7,002 bitcoin to its stack.
- Smart Contracts: Bitcoin is a smart contract platform by definition.
- Dark Matter: Bitcoin, within the three economic constants of our future.
- Hash-rate: Wyoming aiming for 5% of the U.S. bitcoin mining hash rate by next halving..
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MicroStrategy Buys Over $400 Million In Bitcoin As Price Dips
By Namcios MicroStrategy, ran by the chad stacker Michael Saylor, has added 7,002 bitcoin to its holdings in a purchase of $14.4 million, acquired at an average price of $59,187 per bitcoin. With these new purchase, the company currently holds 121,044 or 0.57% of the total bitcoin supply, acquired for a purchase price of 3.57 billion, approximating $29,534 per bitcoin.
The company was able to finance this purchase by selling class A common stock. The firm has previously announced their intentions to continue moving forward on the accumulating game, and that they intended to sell stock if they see a big opportunity of doing so for "accumulating cheap sats."
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Yes, Bitcoin Is A Smart Contract Platform
By Shinobi Many think that smart contracts are only executable on overly-complex blockchains. But bitcoin is a smart contract platform by definition. A smart contract was a term coined by Nick Szabo in 1996, before blockchain was even a thing in Satoshi's eye. The intention of a smart contract is, or was, to simply take conventional legal contracts and enforce them outside of the scope of governmental jurisdiction in the software and hardware realm.
Szasbo's definition of smart contracts must contain four fundamental properties: - Observabiliy
- Verifiability
- Privity
- Enforceability
This makes bitcoin, in essence, a smart contract. As a transaction occurs, the sender acts as an oracle, claiming the ability to spend money and providing proof via a digital signature. The receiver and every single participant observe the transaction propagating through the network and verify the correctness of it. The miner takes the role of a central authority by executing the smart contract by including the transaction in a block. Ultimately the receiver and the entire network, verify the correctness of every signature and contract witnessed in the block. |
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Click the links:
1. Everyone should consider their plans for retirement, and bitcoin can help you achieve this major life goal.
2. Bitcoin comes amidst a time of great noise and distraction; how does one identify and extract true signal?
3. JP Sears, a comedian, freedom advocate and cofounder of Lightning Network social platform Zion, discusses the future of Bitcoin.
4. Shortly after withdrawing a futures-based offering in the U.S., the asset manager has entered Europe with a spot-based ETP.
5. If you’ve complained about not having enough bitcoin in the last few months, now is your chance to rectify that.
6. Further exploring the dynamics of Bitcoin and play, we find chaos the necessity for creative potential.
7. One approach to orange pilling no-coiners is to simply draw attention to the various economic uncertainties facing the U.S. Dollar today. |
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Wyoming Aiming For 5% Of The U.S. Bitcoin Mining Hashrate By Next Halvening
By Amanda Cavaleri Wyoming is on a mission to house 5% of the U.S. bitcoin mining hash rate by the next halving in May 2024, an objective that goes hand in hand with the state's strengths and aligns well with economic development and job creation goals.
The current main economic activity in Wyoming is driven by energy and minerals. As a proud energy producer and exporter, the state has realize that they have the excess energy production and capacity to focus on bitcoin mining and further develop the state's economic development.
To achieve the current objective before 2024, it would mean that the hash rate would need to increase 10-fold in order to contribute 5% of the U.S. hash power, but luckily for them this will be a joint effort promoted by the government and university integrating further into the Bitcoin ecosystem. |
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In another issue from The Center Cannot Hold, the author argues that bitcoin is similar to dark matter. Dark matter is hypothesized to account for 85% of our universe's matter and about a quarter of the universe's matter/energy density, all while it can't be seen. As popular as dark matter is, it is not widely understood and even as it is an undeniable phenomena in physics at this point, its full definition is yet to be discovered.
Bitcoin turns out to be similar, just as dark matter — its effects on people and their economies are not well understood. Bitcoin has a great effect on individuals by providing private property to many who have not had any before. For the first time it provides an unforgeable energy conversion, along with a terminal supply cap and a programmed supply issuance, making it the dominant kind of monetary system, just as dark matter is the dominant kind of matter.
Its effects on society, human psychology and economic affairs are yet to be discovered, but it is undeniable that so far it has brought hope to communities and individuals across the world. |
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2021 BITCOIN BLACK FRIDAY • SALE ENDS 12/26 |
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| Bitcoin Black Friday, the annual opportunity to get the best deals on Bitcoin-related items or a variety of other gifts in exchange for bitcoin, will return at BitcoinBlackFriday.com on November 26 and run through December 26, 2021. For Bitcoin Black Friday 2021, the event will feature nine premier brands, each listing one specially-discounted product with bitcoin as a payment option to celebrate the holiday’s ninth anniversary. In addition, 21 products, pieces of artwork and experiences will be listed for bitcoin, with the proceeds donated to charity. The charitable goal is to raise $25,000 in BTC to contribute to the Built With Bitcoin Foundation, which provides clean water, access to education, sustainable farming and other humanitarian support around the world. |
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By Plan Marcus
It is hard to deny that there is no alternative (TINA), when you see multiple countries with double digit inflation, and people and institutions rushing towards bitcoin to hedge themselves against inflation.
Keep stacking. |
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Keep on reading, keep on stacking. |
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