Hello Humble Bitcoiners!


The world seems to be on the brink of economic collapse. But Bitcoiners keep on holding and stacking, and we keep on sharing signal.

Let's dive in!
📝 Today's Rundown
  •  🇸🇻 Elites Vs. Bitcoin: Nayib Bukele, president of El Salvador, doesn't pull any punches in this op-ed to be featured in the next Bitcoin Magazine Print edition.
  •  Responsibility: Without responsibility, freedom is meaningless. So Bitcoin is not just freedom money, it is responsibility money, powered by RGU technology.
  • ⚡ Lightning Developers: MicroStrategy hiring a Bitcoin engineer to build an innovate e-commerce and cybersecurity platform leveraging Bitcoin and the Lightning Network.
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HODLween is a Bitcoin only celebration on October 21 and 22 designed to unite us around the idea of self sovereignty through education, play and community. If you hold bitcoin, are curious
about bitcoin, or just want to have some fun — HODLween is for you! HODLween features three main events — The Cattlemen's Feast in collaboration with the Beef Initiative, Speakers and Bitcoin Workshops, and an epic HODLween Costume Party!

You don't need permission to be your own bank and you don't need permission to have fun!
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 🇸🇻 Elites Vs. Bitcoin

Stop Drinking The Elites Kool-Aid
By Nayib Bukele

A little over a year ago El Salvador became the first country to make Bitcoin legal tender. Naturally, this decision rubbed the elite class the wrong way.

The elites have been controlling the "truth" and the narrative, in an attempt to make the country reverse its decision. By controlling the media, they've made it seem as if El Salvador was on the brink of an economic collapse, having "lost" $50 million worth of bitcoin due to its depreciation — but none of the bitcoin has been sold. 

Reported numbers are the only facts we can rely on and can't be distorted by narrative. In 2021, the year El Salvador adopted bitcoin as legal tender, the country's:

  • GDP rose of 10.3%.
  • Turism rose 52%.
  • Employment went up 7%.
  • New businesses up 12%.
  • Exports up 17%.
  • Energy generation up 19%.
  • Energy exports went up 3,291%.
  • Internal revenue went up 37% (without raising taxes).
  • Crime and murder went down 95%.
So far, El Salvador seems to be succeeding, and if they do, many countries will follow.

(This article is the core story in Bitcoin Magazine's "The Orange Party Issue”. Click here to subscribe now.)
Read Full Article

☕ Responsibility

MicroStrategy Looks To Hire Bitcoin Engineer For Building a Lightning Platform
By Shawn Amick

MicroStrategy, a software analytics firm and the largest corporate bitcoin holder, just announced they will be hiring for a bitcoin developer position. The company is looking for a software engineer to build a new Lightning-based enterprise platform.

This novel software-as-a-service (SaaS) product aims to provide institutions with innovative solutions to cybersecurity challenges and new e-commerce use cases.

The company, which holds 130,000 bitcoin, has been committed to holding the asset as a store of value and educating the public. It seems that the time has come to steer that focus into developing and advancing the ecosystem, contributing to a stronger network effect.

Read Full Article

📰 THE DAILY BITS

1. Telefónica partnered with Spain’s largest bitcoin exchange Bit2me to enable the new feature on its online tech marketplace.

2. While as of late American cities have been in decline, their unique dynamics lend themselves to have great potential for Bitcoin adoption.

3. What can we learn from the 18th century in regards to governance and power when designing a future built on Bitcoin?

4. The Bank of England is the first to pivot back to quantitative easing, claiming to restore market functioning and reduce risks of contagion.

5. Yield curve control is the next saga in the global monetary policy experiment. What does it mean for the economy and what are the future consequences?

6. There is currently a large amount of volatility in the Bitcoin space which could be unsettling for new users who may have bought at the cycle highs.

7. Is bitcoin diverging from traditional markets? Are people starting to wake up to the fact that the fiat system will not save them in times of crisis?

8. Silk Road Founder Ross Ulbricht’s excessive 2013 sentencing betrays the U.S. government’s fear of Bitcoin and dollar competition.
⚡ Lightning Developers

Bitcoin Is Responsibility Go Up Technology
By Aleksandar Svetski

The discovery of Bitcoin is an incredibly empowering contribution to humanity. It is comparable to the realization that we can manipulate fire and the invention of the wheel — it is a sound money technology that accurately represents a fair exchange of energy and is crucial for any sentient species to evolve and grow to become an interstellar civilization.

Bitcoin gives great power to humankind, but with great power comes great responsibility and without responsibility, freedom is meaningless. Bitcoin encourages its users to be more responsible in every way. When you run a node, you are Bitcoin. You are the bank. You are responsible for your own money and responsible for maintaining a copy of the entire ledger.

Read Full Article

MEME OF THE DAY 

By Dani B

Bitcoiners are genuinely nice people, and most likely will offer a hand to help you in any circumstance.

Just never ask them to sell their bitcoin — never ...

Stack harder,
Bam
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