Humble Bitcoiners!
It's Tuesday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Dips are meant for stacking. Are you stacking? |
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| Today's Rundown: Bukele BTFD: El Salvador buys the dip, and now owns 700 bitcoin. Winning: Bitcoin has already won by providing freedom to millions. Value Outweighs Cost: NYDIG report: Bitcoin provides value that far outweighs its energy cost. Let's do this. |
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El Salvador Now Owns 700 Bitcoin As President Bukele Buys Price Dip
By Alex McShane
El Salvador has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market. Since the rollout of their Chivo Wallet app, and implementation of bitcoin as legal tender, the country has become the first nation to officially "buy the bitcoin dip".
The pressure is building up for other nations, as some start to show interests in becoming "bitcoin friendly" by regulating it or opening their doors for miners to take advantage of the excess of clean energy production, such as Ukraine and Laos. It seems the prisoner's dilemma has begun in global politics, and earlier the nations adopt Bitcoin, the greater their advantage.
"They can never beat you if you buy the dips" - Nayib Bukele |
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LEARN BITCOIN. EARN BITCOIN. |
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Bitcoin Has Already Won, Soon The Price Will Reflect That
By Akarsh Nalawade The monetary network already provides freedom to millions and will only continue to grow over time.
Bitcoin has won, and the author remind us that the actual price's volatility is nothing more than noise, and our focus should be in the amazing bitcoin properties that help bettering human lives. With a market capitalization over a trillion dollars, the author's thesis is that bitcoin is already too big to fail.
While bitcoin is more mobile than gold, appreciates faster than property and has a fixed supply unlike stock and bonds, we still hear the same old FUD from skeptics, and the author breaks it down in 4 main pieces: A railway network in cyberspace Unlocking trapped energy More energy does not mean more bitcoin The most secure computer network on the planet
"Bitcoin has won. There has never been a more secure, scarce, valuable, transportable, decentralized and networked asset in all of humanity’s history." - Akarsh Nalawade |
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Click the links:
1. With the international attention on El Salvador’s historic adoption of Bitcoin, some critical myths have emerged that are in need of busting.
2. A legacy trader reflects on how the bitcoin market mirrors the past, and is poised to overtake the traditional market in the future.
3. El Salvador President Nayib Bukele gives us an update on the adoption progress of their government Bitcoin app - Chivo Wallet.
4. The Infrastructure Bill tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.
5. Meet The Taco Plebs: A former drug and alcohol addict discusses our addiction to fiat money, debt slavery and how Bitcoin inspires him for the future.
6. By embracing open-source transparent technology and enhancing personal freedoms, California can guarantee future prosperity.
7. A recent debate has arisen around toxic maximalism in bitcoin; but does this really affect anything? |
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NYDIG Report: Bitcoin Provides Value That Far Outweighs Its Energy Cost
By Namcios "Bitcoin Net Zero" explained that Bitcoin's energy usage has to be seen in the context of its merits and why the currency is a unique innovation to humanity.
A 70 pages report has been published by NYDIG with the collaborations of Nic Carter and Ross Stevens evaluating Bitcoin's energy consumption in the context of its role in society. Namcios walk us through a detailed summary of the piece.
Some of the main giveaways is that historically, energy consumption has always been correlated with the flourishing of humanity, and Bitcoin is no different, by providing a sound new monetary asset, independent of government to billions, it far outweighs its associated energy requirements. The big importance of having a sound monetary asset, is to provide shield to people from the harm caused by monetary inestability and currency collapses, which are far more common than believed.
Additionally they approach a big misconception of the ever growing energy debate stating that: Bitcoin's energy consumption will trend to zero carbon emissions over time The peak of Bitcoin's energy consumption is correlated with how high its price raises, not how many people use it. Its current energy expenditure and global carbon emissions approximates to 0.1% of the world's total (negligible) |
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By Limburg3er
El Salvador is not only ignoring the threats of the IMF, which both denied aid on the implementation of making bitcoin legal tender, and further loans from them. As a country, they have started buying the dip. With 700 bitcoin at their disposal, they attempt to find safety in sats.
Current volatility is only a distraction.
Keep stacking! |
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