Hello Humble Bitcoiners!
“I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.” — Satoshi Nakamoto |
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Today's Rundown: - Accelerating Adoption: Spiral, the rebranded company, is focused on pushing Bitcoin towards worldwide adoption.
- Sats Back!: EU-based service now offers bitcoin cashback through Lightning for over 10,000 online merchants.
- Fear & Greed: The fear around a bitcoin price of $41,000 is clearly a sign of success.
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How Spiral, Jack Dorsey’s Rebranded Bitcoin Company, Is Accelerating Adoption
By Namcios Former CEO of Twitter Jack Dorsey has recently rebranded his popular financial firm previously known as Square. Block, it’s new name, is a company focused on creating tools to help expand access to the economy, with a subsidiary fully centered on pushing Bitcoin towards worldwide adoption: Spiral, formerly known as Square Crypto.
Spiral plans to accelerate Bitcoin’s adoption by simplifying the development of applications that interact with the network, something that ultimately will lead to a better experience for the end user. Their goal is to make bitcoin a useful everyday currency, and not just a store of value, for people around the world. They plan to achieve that by developing libraries and tools to help developers implement Bitcoin and Lightning functionality in their apps. |
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Bitcoin Rewards Platform Satsback V2 Launches
By Namcios Satsback is a cashback and loyalty rewards platform that allows their users to receive their money back in Bitcoin through the Lightning Network when shopping online. They work with more than 10,000 online stores that pay them a commission whenever someone shops with them. They then convert that commission to bitcoin to share most of it with their users, who can withdraw their rewards with no minimum amounts and participate in the rapidly growing Lightning economy.
Their goal is to facilitate the entry of new users to the Bitcoin and Lightning ecosystem by giving them their first sats.
“Only by experiencing it (Bitcoin) can we begin to appreciate and understand it. The problem is that it’s hard to convince someone to buy something that they don’t understand. Receiving it as a reward or gift solves this onboarding problem” - Tom Chojnack, Satsback founder and CEOi. |
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1. Bitcoin plebs, as individual nodes in the Bitcoin community, represent a decentralized force of sovereignty minded people.
2. Bitcoin’s monetary policy returns Americans to an environment that rewards hard work, incentivizes saving and makes life attainable.
3. Jack Dorsey to launch a legal defense fund for Bitcoin, to minimize legal headaches that discourage software developers from actively contributing to Bitcoin.
4. Typically, higher on-chain Bitcoin activity comes with a rising price and vice versa.
5. In a recent explanation of Ethereum’s roadmap, Vitalik Buterin inadvertently made the case that building on Bitcoin is our only path to decentralization.
6. Measuring Bitcoin’s environmental impact with “energy per transaction” is misleading and disingenuous. |
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The Fear Around $41,000 Bitcoin Is A Sign Of Success
By Marty Bent A year can make a big difference. At the beginning of 2021, the price of bitcoin breached a new all time high over $41,000 and the sentiment was rather bullish. After a slight correction the price went on a 2 month streak reaching prices above $60,000 for the first time in bitcoin's history — and it was rather euphoric, fascinating and volatile, just like human emotions.
These last days, after bitcoin has reached prices over $60,000 for the second time in the period of a year, the price retraced to the lower levels of a year ago, but with a quite different sentiment, as fear of a bear market fills up the ambiance. This is a sign of bitcoin's success and normalisation that even prices which were unimaginable a couple of years ago, say $41,000, are now considered a "low" and are making people feel fearful.
"What individuals should be focusing on is fundamentals and the long-term trend." - Marty Bent |
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By Lina Seiche
Bitcoin is volatile and people often try to time the market which ends up on:' - Buying too early (before the dip)
- Waiting too long (after the surge)
For this and even more reasons, a great strategy for your portfolio and your peace of mind, is to DCA or dollar cost average. It is said that together, if everyone would buy bitcoin on a daily basis over a long-term time frame, the price could rise up to $1,000,000, as the army of sats stackers would consume the entire supply being sold on to the market on a faster pace than traders selling, or new bitcoins being issued.
The more people who join the DCA Army, as stated in Hass McCook piece, the less volatile the price and the less the incentive for traders to sell to "buy lower" as price would continuously appreciate, forever.
In a way, DCA could also stand for "daily charitable act," as circulating sats in the system helps not only oneself, but the entire network to gain appreciation.
Stack harder.
With love, @Bam |
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Keep on reading, keep on stacking. |
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