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Tweets: @Pledditor @walletofsatoshi @actuallyCarlaKC @BitcoinIsSaving @enur72 @ltngventures @CaitlinLong_ @macrojack21 @NSmolenski @tulkooo2 $The state of Texas wants to become the center of the blockchain industry in the US and they have surprisingly taken an strategic approach to realize their vision. It all started with H. B. No. 1576, passed in May 2021. This bill created the Texas Workgroup on Blockchain Matters and tasked the group with the development of a master plan for the Texas legislature for the expansion of the blockchain industry in the state including recommended policies and state investments. We will soon see a few more states emerge as Bitcoin friendly states and once a sufficient number of states have enacted Bitcoin friendly legislation, it will be impossible for the federal government to go in the opposite direction.
Tweets: @DSBatten @Dennis_Porter_ $Szabo was primarily talking about the challenges of consumer nano-payments for generalized things like internet packets, storage space, bandwidth, energy, text messages and more — thinking about the cost of a phone call or text message every single time. What is missing in the nano-payments-for-utilities equation are the experiences that people care about. Ones to do with status, access, connection, beauty. Experiences that are interactive, and that connect you. The end product, not the plumbing that enables it.
$Mark Mobius, a pioneer in emerging markets investing, said China is restricting investment outflows from the country, a move that would be taking place as the world's second-largest economy is trying to shake off pressure from COVID-19 lockdowns. "I'm personally affected because I have an account with HSBC in Shanghai. I can't get my money out. The government is restricting the flow of money out of the country," Mobius said on Thursday on the Fox Business show "Mornings with Maria". "So I would be very, very careful investing in China," the founder of Mobius Capital Partners said. Mobius, who has spent decades traveling the world searching for investment opportunities, said he hasn't been able to get an explanation about why he's running into the restrictions in China.
Tweets: @SariArhoHavren @JanGold_ @SantiagoAuFund @biancoresearch @SamanthaLaDuc @matthew_pines @EmmaCFA1 @Jkylebass @BusinessInsider @macastel3 $Representatives of Trezor, a hardware cryptocurrency wallet maker, reported on Twitter about “the active phishing scam.” Attackers contact victims via phone call, SMS and/or email to report that their account has allegedly experienced a security breach or suspicious activity. The Trezor team urged users to ignore these messages because they have nothing to do with the company. The company’s representatives stressed that they would never contact their customers via phone calls or SMS. They also assured that no evidence of a possible database hack was found. After this one subscriber asked how then the scammers could know that he is the owner of the Trezor device. In response, the company admitted that the victims of the attack are chosen at random. Probably, due to mass mailing, the attackers have a chance to reach out to the company’s customers.
Tweets: @Trezor @Trezor $Please tag @BTCNEWS_TODAY on Twitter to submit tweets.
Tweets: @BitcoinPierre @RSync25 @DylanLeClair_ @coryklippsten @AlexLielacher @GoldTelegraph_ @NSmolenski @adam3us @TXMCtrades @TheBlueMatt @alexbosworth @Satoshification @MartyBent @alexbosworth @athena_alpha_ @stats_feed @anilsaidso @gladstein @Blue_CollarBTC @Satoshification @lisa_hough_ @SvetskiWrites @ZLOK @alexbosworth @ZLOK @JoeConsorti @JoeConsorti @OmarTamo19 @TXMCtrades @TXMCtrades $Many of the raw numbers reported by Silvergate over the years reveal an institution that may have peaked in 2021, well before the dramas of 2022 shook the crypto sector. The volume on its Silvergate Exchange Network, for instance, hit a high in the first half of 2021, with $406 billion in transfers, which slid to $230 billion by the second half of 2022. A traditional, regulated depository institution can’t make it without a deposit base, and Silvergate’s coffers were drawn down quickly as major crypto clients dealt with their own collapses, bankruptcies and legal disputes that required an instant vacuuming of their liquid cash last year.
Tweets: @CoinDesk @CoinDesk @CoinDesk @hfangca @business @Excellion @paoloardoino @MicroStrategy @ODELL @scottmelker $"If the central bank says «The sun rises in the West», it makes sense for you to just believe that. Because you’re going to get paid to repeat that, and you’re going to make a good career out of it. It doesn’t matter how wrong or how destructive it is for the world. As long as the central bank is paying people to behave, the sun rises in the West, and the rational smart thing to do is to believe that the sun rises in the West. Your job as an economist is to justify what central banks are doing." - Saifedean
$According to a Bloomberg report, Nationwide and HSBC are the latest U.K. banking giants to impose new limits on their customer’s cryptocurrency purchases via debit cards and end purchases with credit cards. “Nationwide is applying daily limits of £5,000 ($5,965) on debit-card purchases of cryptoassets, the building society informed customers on Wednesday, while its credit cards can no longer be used to buy crypto. HSBC said it barred customers from making crypto purchases via its credit cards from last month,” reads the report. HSBC states that the decision is due to alleged financial risk to customers.
Tweets: @LayahHeilpern @kg_Cashaa @sashahodler @3nrG @WhatBitcoinDid $Please tag @BTCNEWS_TODAY on Twitter to submit tweets. Follow us on nostr - npub1news9epyjkzguhgt6mlkavdsmnqs4j632u673j0kelypwh644jfst82v2c
TBD, a Bitcoin-focused subsidiary of Jack Dorsey’s Block, has announced a new Lightning Network business called c=. The purpose of the company is to “provide infrastructure using bitcoin from Block’s treasury to make bitcoin’s Lightning Network more usable and reliable for developers, businesses (such as merchants that accept Lightning payments), and those businesses' end consumers,” according to a press release sent to Bitcoin Magazine. The release explains that the Lightning Network is still growing, and that transactions often fail due to liquidity shortfalls. In order to address that, “c= will build infrastructure using the bitcoin it is committing to the network so that businesses and wallets can make their Lightning transactions more reliable and dependable.” c= will be available for connection immediately for those seeking to operate a Lightning node and benefit from TBD and Block’s infrastructure.
Tweets: @TBD54566975 @emilycchiu @CoinDesk $The 15-year-old cryptocurrency has filled many roles - from source of speculation to hedge against inflation - but has struggled to find a clear identity. Now there are growing signs it's edging towards its intended purpose: payments. The amount of bitcoin stored on the Lightning Network - a payment protocol layered on top of the blockchain - has jumped by two-thirds over the past year to hit an all-time high of 5,580 coin, according to crypto data firm The Block.
$Please tag @BTCNEWS_TODAY on Twitter to submit tweets.
Tweets: @bitcoinoptech @nunchuk_io @lnbits @BitcoinEkasi @IIICapital @landabaso @utxoclub @TXMCtrades @wtogami @gladstein @JMellerud @adam3us @arcbtc @walletofsatoshi @MartyBent @dots_hodl @gladstein $The recent economic cash crisis in Nigeria, caused by the naira redesign, political climate, and economic conditions, has increased bitcoin's value proposition for average Nigerians. In Africa, bitcoin offers an indispensable financial safe haven. Bitcoin remains a lifeline for Nigerians when economic uncertainty, political unrest, and unemployment are at record highs. For those in the diaspora, it has become the only medium to remit from the hard work they've put in abroad, not fractions reduced by high fees, as is the case with traditional rails such as Western Union.
Tweets: @ihate1999 @saylor $Creditors are expected to receive early repayments from March 10 onward, while the deadline for such payments to be completed is September 30, according to a January statement. This is for the first tranche of repayments — including early lump sum payments and intermediate payments — with further amounts set to come later. Payments will be made in a mix of crypto — bitcoin and bitcoin cash — and fiat money. The first 200,000 yen worth of each creditor’s claim will be paid in yen. If their claim is greater than this amount and they choose crypto and cash, they will receive a mix of around 71% crypto and 29% cash after the initial payment, according to a moderator of the MtGoxInsolvency subreddit and confirmed by another creditor.
Tweets: @CaitlinLong_ @sashahodler @TimechainCaL @wizsecurity @namcios @CoinDesk @J0E007 @ThomasBraziel @JoeNakamoto @adam3us @TheBlock__ @TheBlock__ $Australia’s central bank is set to launch a “live pilot” of a central bank digital currency “in the coming months,” according to a joint statement from the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre, an Australian financial research institute. The RBA said on March 2 that it was collaborating with the DFCRC on a research project to “explore potential use cases and economic benefits of a central bank digital currency (CBDC) in Australia.” The RBA said the initial stage of the research project involves the selection of several financial industry participants to demonstrate potential use cases of the CBDC.
Tweets: @CoinDesk @FinancialReview @cbpaymentsnews @DigiFinanceCRC $For the first time since 2001, investors can make more money holding cash than a traditional stock-bond portfolio. Returns for the classic portfolio of stocks and bonds are taking hits as traders react to the Federal Reserve's interest rate hikes and speculate on the US central bank's next move. Meanwhile, returns on short-term Treasury bills are also sensitive to increases in the fed funds rate and climb alongside the benchmark. The shift in the 60/40 portfolio's performance versus short-term T-bills comes as the Fed continues its fight against stubbornly high inflation.
Tweets: @lisaabramowicz1 @DylanLeClair_ @BusinessInsider $Please tag @BTCNEWS_TODAY on Twitter to submit tweets. Follow us on nostr - npub1news9epyjkzguhgt6mlkavdsmnqs4j632u673j0kelypwh644jfst82v2c
Mi Primer Bitcoin, a Bitcoin education program based in El Salvador, has announced a new and improved diploma program in English. According to Dalia Platt, head of curriculum for Mi Primer Bitcoin, the “aim is to change the way people learn about Bitcoin. The goal is to make the course interactive, fun, creative, accessible and easy to understand for all, using examples that can reach and impact every corner of the world.” Bitcoin education is an essential part of adoption throughout the world. Without proper knowledge both in relation to the current workings of the monetary systems of the world, and the new protocol that Bitcoin offers, one cannot properly make the decision to adopt Bitcoin. Only after learning about money as it is, and money as it could be, is the full potential of Bitcoin unveiled. Programs like Mi Primer Bitcoin offer this education and learning in order to unlock that potential.
$Please tag @BTCNEWS_TODAY on Twitter to submit tweets.
Tweets: @FossGregfoss @macrojack21 @cafreiman @ByKyleCampbell @BitcoinPierre @DylanLeClair_ @saylor @naoise @RadarHits @RudyHavenstein @natbrunell @w_s_bitcoin @GOPMajorityWhip @mnicoletos @DocumentingBTC @FossGregfoss @caprioleio @ramahluwalia @kerooke @bitcoinoptech $"I am unbelievably sorry for my role in all of this," Singh said, adding that he knew by mid-2022 that Bankman-Fried's hedge fund, Alameda Research, was borrowing FTX customer funds, and customers were not aware. He has agreed to forfeit proceeds from the scheme. Singh, 27, pleaded guilty to one count of wire fraud, three counts of conspiracy to commit fraud, one count of conspiracy to commit money laundering and one count of conspiracy to defraud the United States by violating campaign finance laws.
Tweets: @ChuckRossDC @leomschwartz @allyversprille @molly0xFFF @AutismCapital @SECGov @AutismCapital @AFTXcreditor $Whether or not Bitcoin “should” be used for this NFT-like activity is a hotly-contested issue and the data coming from the effects of this mini Bitcoin collectives craze is intriguing. Inscriptions could be a short-lived fad, but several early data sets from the first weeks of inscription activity show tremendous interest in this new use case for the Bitcoin network. Diving in, this article provides an overview of six sets of data from the inscription mania.
$Please tag @BTCNEWS_TODAY on Twitter to submit tweets. Follow us on nostr - npub1news9epyjkzguhgt6mlkavdsmnqs4j632u673j0kelypwh644jfst82v2c
Bitcoin has been compared to a decentralized clock because of the way it keeps track of the order of transactions as they happen around the world. The nature of inscriptions on Bitcoin uses this ordering to number the inscriptions as they are written onto the blockchain, aka timechain. As the inscription count approached 100,000, people rushed to get their inscriptions confirmed before or exactly at that number. We saw the largest increase in fees around this time. After this monumental inscription number, the rush to create NFTs on Bitcoin has drastically decreased. While there is still a backlog of transactions in the mempool, the fees required to get a transaction confirmed in the next block have dropped considerably and the daily total fees spent on creating inscriptions is “down only.”
Tweets: @BitcoinMagazine $Please tag @BTCNEWS_TODAY on Twitter to submit tweets. Follow us on nostr - npub1news9epyjkzguhgt6mlkavdsmnqs4j632u673j0kelypwh644jfst82v2c
Tweets: @luke_broyles @francispouliot_ @AutismCapital @TheWhyOfFI @alexbosworth @TXMCtrades @giacomozucco @TheWhyOfFI @TheWhyOfFI @TheWhyOfFI @BTC_Archive @LynAldenContact @TheWhyOfFI @DocumentingBTC @jameslavish @lylepratt @TheWhyOfFI $Ads
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Nostr is a revolutionary protocol for social media because it provides a decentralized, monetizable, incentive-aligned, market-driven, and open-source platform for social interaction. Nostr has the potential to create a new era of social media that prioritizes user sovereignty and free market competition.
Tweets: @lopp $The only Bitcoin spending conditions in widespread use today are simple single-sigs and simple multisigs, even though Bitcoin Script, the language used to encode spending conditions in Bitcoin transactions, is much more powerful than that. The reason for this is that Bitcoin Script, while appearing to be a simple stack-based language on the surface, is actually very difficult to use in practice. For every new spending condition a developer might want to create, a lot of time has to be spent making sure it is correct and sound under all circumstances, which can be hard to reason about.
$Bitcoin is an open-source project that is permissionless, meaning anyone can join the network and become part of the network. While Running a bitcoin node can help secure the network for all users, ensure faster transactions, and contribute to a decentralised economy that exists without a centralized server, it does require some operational and security practices. This article is essential if you plan on running a node or run one and want to ensure you’re plugging some of the possible gaps for an attack.
$BIP-300, which enables a feature called Drivechains on the Bitcoin network. Normally, one would hope that the author of a BIP is not very central or relevant to whether or not it gets attention, but as Sztorc seems to be the major voice continuing to push for Drivechain after being essentially rejected or ignored on the forums and mailing list, it might be worth knowing this brief background & motivation. Sztorc is no intellectual slouch, and he's very open about his conviction that the success of Bitcoin is fully dependent on its adoption of Drivechain. Drivechains fundamentally change the transaction validation mechanism from “all spends must provide cryptographic proofs” to “some spends do not require cryptographic proofs”. It fundamentally changes the ability to attack the network from “the attacker must acquire 51% of the hash rate” to “the attacker must propose a transaction and fight out ownership in meatspace”. It fundamentally changes attack response from “move hash away from the bad actor” (e.g., out of a pool, or by adding more honest hash) to “convince all the miners or nodes to do a UASF in favor of one party over another”.
Tweets: @barackomaba $Building a Bitcoin wallet is no easy task, but with the right tools and frameworks, developers can build robust and secure wallets that provide a seamless user experience. The use of Flutter, BDK, and other standards and protocols provides a powerful and reliable platform for building Bitcoin wallets.
Tweets: @Anipy1 @Anipy1 @Anipy1 @Anipy1 $What’s the best solution for you? The best solution is the one that fits your personal needs best. Every wallet has different features, as well as up- and downsides. It is on you to figure out your needs and possibilities and then to find the optimal solution for those. Non-custodial Lightning wallets might be a little less convenient to use and come with an initial cost when setting up the channels, but you are in full control over your own funds. You are financially sovereign.
Tweets: @AnitaPosch @TheGemHodlers @BTC_LN $lnurl-auth is very unique in the sense that it doesn’t even need a Lightning wallet to work, it is a standalone authentication protocol that can work anywhere. The basic idea is that each wallet has a seed, which is a random value (you may think of the BIP39 seed words, for example). Usually from that seed different keys are derived, each of these yielding a Bitcoin address, and also from that same seed may come the keys used to generate and manage Lightning channels. What lnurl-auth does is to generate a new key from that seed, and from that a new key for each service (identified by its domain) you try to authenticate with.
Tweets: @dergigi @dergigi @k00bideh @kerooke $It's great to see Bitcoiners joining Nostr, the decentralized social network. This is a good, short post from ConsentOnChain blog that all Nostriches should read.
Tweets: @jack @pleblira @jb55 @andreneves @cameri @melvincarvalho @derekmross @JeffBooth @yeg0rpetrov @pippellia @notgrubles @cameri @jameslavish @SovrynM @vishalxl @fiatjaf @fiatjaf @CaptFrancisDank @nitesh_btc @spiralcrunch @shukla @nvk @shukla @nvk @resistancemoney @BTCNEWS_TODAY $Date | Name | Episode |
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2023-03-04 | What Bitcoin Did | WBD Live - NYC: Junseth on Ordinals with Junseth |
2023-03-01 | Coin Stories Podcast | Caitlin Long: The Battle with Washington D.C. Over Crypto & Bitcoin ("Then They Fight Us") |
2023-02-28 | Stephan Livera Podcast | Bitcoin Multi-signature with Craig Raw |
2023-02-28 | Coin Stories with Natalie Brunell | Caitlin Long: The Battle with Washington D.C. Over Crypto & Bitcoin ("Then They Fight Us") |
2023-02-26 | Stephan Livera Podcast | Bitcoin Multi-Signature With Craig Raw |
2023-02-24 | Bitcoin Magazine Podcast | Bitcoin vs the Dollar w/ Preston Pysh and Dylan LeClair |
2023-02-22 | Bitcoin.Review Podcast with NVK & Guests | Demystifying and Understanding Bitcoin Core Development ft. Sjors, Schmidty & James O'Beirne |
2023-02-20 | The Bitcoin Layer | The 24 Risks of Equities with Michael Saylor |
2023-02-16 | What Bitcoin Did | Bitcoin Mining & the Energy Grid Transition with Troy Cross & Shaun Connell |
2023-02-16 | Swan Signal - A Bitcoin Podcast | Dr. Jeff Ross & James Lavish | Hedge funds, Inflation and Bitcoin | Swan Signal E96 |
2023-02-15 | Stephan Livera Podcast | Q1 And Bitcoin Security With NVK |
2023-02-14 | POD256 | Bitcoin Mining News & Analysis | State of the Network, Industrial Scale Miner Consolidation, Special Guest: Casey Rodarmor - Creator of Ordinals |
Bitcoin mining is currently one of the most competitive and fragmented industries in the world. Our Porter’s Five Forces analysis indicates that the bitcoin mining industry will remain ultra-competitive and fragmented. The industry has exceptionally low barriers to entry, meaning there will be a constant flow of new entrants into the sector. The low barriers to entry are great for decentralization but put pressure on the profit potential of existing players. The ultra-competitive nature of bitcoin mining has two implications. Firstly, the industry will likely stay decentralized, and secondly, only the lowest-cost operators will survive and thrive over the long term.
Tweets: @JMellerud $While bitcoin’s usefulness as a store of value and medium of exchange is becoming more widely appreciated, those choosing to adopt it tend to cluster into stages. These stages are: Learn, Insure, Save, Allocate, Commit, and Endure
Tweets: @unchainedcap @unchainedcap @unchainedcap @unchainedcap @unchainedcap @unchainedcap @unchainedcap @unchainedcap $“Bitcoin” encompasses two related but distinct concepts. First, individual bitcoins (lowercase b) are units of (fiat) digital currency. Second, the Bitcoin protocol (uppercase B) governs the decentralized network through which thousands of computers across the globe maintain a “public ledger”—known as the blockchain—that keeps a fully transparent record of every authenticated transfer of bitcoins from the moment the system became operational in early 2009. In short, Bitcoin encompasses both (1) an unbacked digital currency and (2) a decentralized online payment system. Whether Bitcoin becomes a bona fide money is still an open empirical question, but at this point—since Bitcoin is already a medium of exchange—Mises’s regression theorem doesn’t have any bearing on the outcome.
$Transcript of the 24 Risks of Equities with Michael Saylor from the Bitcoin Layer Podcast. Michael covers the following risks: #1: Governance Risk #2: Operational Risk #3: Strategic Risk #4: Financial Risk #5: Competitive Risk #6: Technology Risk #7: Political Risk #8: Facilities Risk #9: Regulatory Risk #10: Employee Risk #11: Vendor Risk #12: Customer Risk #13: Reputational Risk #14: War Risk #15: Currency Risk #16: Tax Risk #17: Weather Risk #18: Customs Risk #19: Legal Risk #20: Tort Risk #21: Patent Risk #22: Health Risk #23: Lifecycle Risk #24: Dilution Risk
$Nostr is for developers. It’s an open-source project for builders that serves as a broadcast platform and content hub aggregate. From the architecture alone, we can start to differentiate it from Twitter or any other existing platform. This protocol is newly, actively developed — so while it tugs at the root of topics like free speech and privacy, the tech itself is in its nascent stages. Nostr aims to decentralize private communications and data while allowing us to interact in new ways. For all of those reasons, we should learn about it — perhaps in the same way some of us should have learned about Meta products before dishing our credentials.
$On one side of this, a sharp and persistent increase in the broad money supply is the biggest quantifiable correlate with price inflation. On the other side, sharp changes in the supply of goods and services (e.g. a major boom or a major loss in productive capacity) also significantly affect price inflation. We can see this with long-term charts of several different developed countries as examples. These charts show the five-year rolling cumulative amount of broad money supply growth and consumer price index growth. Areas where money supply growth greatly exceeded changes to consumer price index were generally due to some sort of productivity boom. combination of high debt, high interest rates on that debt, aging demographics, geopolitical tensions, and tight energy supplies are likely to result in ongoing waves of inflation. For periods where we generally get inflation under control, it will likely be due to global demand suppression and economic stagnation, rather than what we actually want: global disinflationary growth.
$Greg Foss thinks Bitcoin should be considered default insurance on the entire global fiat currency system—like a CDS on the US dollar, Canadian dollar, British pound, euro, yen, yuan, and all the rest of the government currencies. Some proponents believe the endgame for Bitcoin is to eventually emerge as the world’s dominant form of money. It’s a process called “hyperbitcoinization”—or what I like to call The Bitcoin Supremacy. That’s why Bitcoin is even better than a CDS. It provides insurance against the failure of the entire worldwide fiat currency system, has no counterparty risk, and doesn’t expire.
$Would the collapse (in terms of redemptions) of a stablecoin cause contagion in the traditional financial system? To answer this, first we have to clarify the starting point, and then there is actual data that can answer many of these questions.
Tweets: @PaxosGlobal @cz_binance @Schuldensuehner $history of debt in bitcoin mining, examined key principles of debt, and looked at some of the most common structures available to bitcoin miners. Now that we understand the landscape, we will take a look at the considerations for borrower and lender alike, the effect of leverage on mining returns, and discuss how the future of the market might look. Here are the main topics covered in Part 2: Key considerations from a lender's point of view and from miners' point of view, a case study, comments on the future of debt in Bitcoin mining, shortcomings of ASIC-backed debt, cost of capital being king, and The Forever Forthcoming Hash Rate Marketplace.
$Computation is competition. While the quantum computing threat is not something we expect to be worth worrying about for many years, it is better to be proactive rather than wait for it to come for us. Security is the science of staying ahead. The very act of wealth preservation is comprised of staving off the many attempts to steal it.
$Over the past 10+ years, there has been a growing movement of people adopting a low-time-preference strategy of saving and investing with the goal of achieving financial independence early in life, putting themselves in a position to retire earlier than the traditional age of 65. Hence the acronym, FIRE: Financial Independence, Retire Early. Bitcoin allows you to mitigate the certainty of dollar debasement without exposing yourself to the risks of investing. A deep dive into the bitcoin rabbit hole tends to lead to the conclusion that its adoption will continue apace, leading to its value rising exponentially. Bitcoin represents the greatest asymmetric bet the world has ever seen.
Tweets: @ts_hodl $The longstanding compromise on transaction sizes, how Taproot and SegWit inadvertantly blew it up, and the nascent NFT protocol emerging in its wake.
Tweets: @resistancemoney @AsherHopp $Abstract: In this piece we explore why Dapps are typically built on Ethereum rather than Bitcoin, which takes us all the way back to March 2014. We examine a debate about whether and how a Dapp protocol called Counterparty should use Bitcoin’s blockchain. This was sometimes called “The OP_Return Wars”. We explain the history of OP_Return usage and sidechains in Bitcoin. We conclude by arguing, whether one likes it or not, that it was the culture in the Bitcoin development community in 2014 and the negative view of using Bitcoin transaction data for alternative use cases, which played a major role in pushing developers of these Dapps onto alternative systems like Ethereum, along with other factors.
Tweets: @fiatjaf @resistancemoney @benthecarman @alexbosworth @brian_trollz @astridwilde1 @BitMEXResearch $Part I of the two-part series covers the following topics: (1) The History of Debt in Bitcoin Mining (2) Principles of Debt: Capital stack overview, Creditworthiness, Collateral, Covenants, Cost of capital, Back-end financing (3) Debt Products for Bitcoin Miners: Asset-backed debt, Corporate Debt and (4) Summary Comparison.
Tweets: @BraiinsMining @BraiinsMining @emilyjnicolle $Disconnect from price. Secure your bitcoin for the next 10x. Avoid short-term capital gains. Tread carefully with lending opportunities. Develop your own market analysis. If you want to truly change your fortune, use your bitcoin journey as an opportunity for education, rather than a search for overnight riches. Develop new skills. Keep learning about money, technology, economics, and all the problems Bitcoin was designed to solve. The more you understand and appreciate bitcoin, the closer you come to making a splash of your own.
$Exasperated with a conversation, I asked my friend directly, "What do you think the probability is that Bitcoin hits $1M per coin?" My friend replied without hesitation, "0.001%." I laughed and said I put it at 80%. We had a conversation about my friend's skepticism, and I wondered if there was some information asymmetry, or if it was self-motivated beliefs. My friend group is full of people like this, highly intelligent and successful, yet resistant to Bitcoin. I've found it to be a topic of fascinated frustration. I believe that my friends are resistant to Bitcoin because of their trust in the current system, and see Bitcoin as a radical departure from it. In contrast, I see Bitcoin as a necessary response to the flaws in the current system and a trust-minimized store of value.
Tweets: @BitcoinAudible @sunny_satoshi @sunny_satoshi @epodrulz @stephanlivera @TheGuySwann @petermiyoung @jakeeswoodhouse $Many speculate that Bitcoin’s security will lapse with the end of the mining subsidy. But other factors will continue to incentivize miners. Two prominent and likely factors are: (1) Higher transaction fees due to base layer settlement activity for higher layers which in turn is the result of increased adoption and (2) Bitcoin miners can act as an auxiliary tool for other business practices, an example being the highly-overlooked development in the mainstream involving the Bitcoin miners’ incentive to pursue stranded, wasted or excess energy.
$Bitcoin provides the ultimate form of transferable value because it preserves the encapsulated wealth. This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015.
$After years of learning, I now devote a fair amount of my time trying to help others understand bitcoin better. While many people have referred to me as a “bitcoin expert,” I still consider myself a student – I have yet to determine how deep the rabbit hole goes.
$The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects.
$Some thoughts on FTX... Subprime meets Enron meets Madoff - on steroids thanks to altcoins... A recipe for disaster... Framing the conversation: Key challenges for Bitcoin... Potential negative impacts of the FTX collapse... Ultimately, the impact is very positive... Is regulation the answer?
$The IMF and World Bank do not seek to fix poverty, but only to enrich creditor nations. Could Bitcoin create a better global economic system for the developing world?
Tweets: @LynAldenContact @LynAldenContact @LynAldenContact @gladstein @gladstein @steve_hanke @reuters $I selected these quotes from this amazing book by Saifedean AMMOUS. They offer only a glimpse of the richness of the book that is an absolute must read.
$Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes.
Tweets: @jemenger $