Hello Humble Bitcoiners!
Sit down and get ready for your daily dose of Bitcoin signal! |
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| Today's Rundown: Supporting Bitcoin: Consider supporting critical open-source projects. Russia & Mining: Putin is in favor of pro-bitcoin regulation for miners despite Bank of Russia's ban recommendation. Yield Curves: Bitcoin and the changing monetary landscape. |
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If You Use Bitcoin, Consider Supporting These Critical Open-Source Projects
By Matt Odell The greatest asset we have as Bitcoiners is the blossoming open-source community that makes possible this movement towards freedom and self sovereignty. Open-source software empowers individuals around the world while remaining independent of government and large corporations continuously attempting to track, censor and control us.
Just as Bitcoin and open source software tools have been so good to us, it is important that as Bitcoiners we can give back, as open-source software is a fundamental part of the creation of bitcoin.
Bitcoin 2022 Conference has decided to extend the announced free open-source ticket program, providing $1 million worth of conference 4 day passes to open-source contributors of select projects.
The list of select projects is up to 30 now — and you could consider helping your favourite open source project too! |
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Putin Supports Bitcoin Mining In Russia: Report
By Namcios While Russia’s Central Bank was suggested a national ban on all matters related to cryptocurrencies included trading and mining, Russia’s president Vladimir Putin recently declared publicly that Russia has a “competitive advantage” when it comes to bitcoin mining, given its “power surplus and well-trained manpower." The president also reportedly asked the central bank to come to a consensus regarding cryptocurrency and recommended regulations instead of prohibitions, suggesting a new set of legislation intended to tax and regulate the industry.
As per the report, Ivan Chebeskov, Director of Russia’s Department of Financial Policy, also discouraged the idea of pursuing a complete ban on cryptocurrency, stating that it could backfire and leave Russia behind in terms of innovation in the technology industry. |
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1. With bitcoin’s price falling, how much more loss can the market sustain and is there more short-term downside?
2. Brussels member of parliament to take full 2022 salary in bitcoin.
3. Bitmatrix, DIGTL, GMO Coin, Mempool, Specter, and Zaprite are now part of the 63-member Liquid Federation.
4. We know the idea of Gresham's law — but it cannot be applied directly to bitcoin without some modification.
5. The White House wants to bring order to the ‘haphazard approach’ that is currently being employed by regulators to Bitcoin and cryptocurrency.
6. Coin Heated, a bitcoin miner who runs an immersion-cooled, 2.4 petahash operation at home, discusses his set up and future of the industry.
7. The AOPP protocol isn’t negative but the rules it enforces are, and implementing it opens up a path for future compliance.
8. What can Bitcoiners learn about agriculture, compassionate care of the soil and the food supply?
9. Bitcoin was created to obliterate the type of control that the FATF seeks to enforce. |
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The Changing Monetary System, Yield Curves And Bitcoin
By Ansel Linder In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, you’ll find an interesting and informative interview with Jeff Snider, a preeminent eurodollar expert and the head of global investment research at Alhambra Investments, an investment advisory firm that provides customized investment solutions for clients around the globe.
He shares his thoughts about the changing monetary system: the London InterBank Offered Rate (LIBOR) and Secured Overnight Financing Rate (SOFR) and the Federal Reserve’s recent hawkish pivot. He also shares an illuminating lesson about yield curves while giving his opinion on the current situation of the U.S. yield curve. And finally, of course, he talks some about his view on Bitcoin.
“Now we have a flattening yield curve at an incredibly low level that never really got outside the Japanese range, for lack of a better term, which means the yield curve is telling us not inflation, more deflationary risks” - Jeff Snider |
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| | | What does Putin supporting bitcoin mining means? With Robert Breedlove. |
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| Don't forget to LIKE & SUBSCRIBE |
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By Bitcoin Magazine
We get close and closer to the moment bitcoin will be recognized as money — and when that time comes, the only necessary action, instead of selling, will be to send some sats from cold storage (savings) to a hot wallet or lightning wallet (checking account).
Good money will drive out bad money.
Stack harder.
With love,
Bam |
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