Are You Prepared?
Coming soon to the Bitcoin Magazine Daily Newsletter — earn sats while reading your favorite Bitcoin content!
📝 Today's Rundown
  • 🌋 El Salvador Volcano Energy: The country is launching a 241MW power generation plant for mining.
  • ☀️ We Failed Gen Z: However, Bitcoin offers hope for the future.
  • 🌊 Bitcoin's Resurgence: Why Bitcoin made a comeback in 2023.
🌋 El Salvador Volcano Energy

El Salvador Unleashes "Volcano Energy" With 241 Megawatt Planned Bitcoin Mining Operation
By BtcCasey          

El Salvador is embarking on a groundbreaking initiative to become a major player in the Bitcoin mining industry by harnessing its abundant natural resources.

The country plans to construct a 241 megawatt renewable power generation park in the Metapán region, utilizing solar and wind projects. The project, known as "Volcano Energy," aims to promote energy competitiveness, diversification, and geographic expansion for the Bitcoin network.

With an initial investment of $250 million and a total commitment of $1 billion, the park will have a capacity of 169MW of photovoltaic solar energy and 72MW of wind energy. The government of El Salvador will collaborate with industry leaders and Bitcoin mining experts, securing a preferred participation equivalent to 23% of the revenue.

Read Full Article

☀️ We Failed Gen Z

We’ve Failed Gen Z, But Bitcoin Offers Hope For The Future
By David Waugh and Dave Birnbaum

In an opinion editorial, authors David Waugh and Dave Birnbaum argue that the members of Generation Z, or "Zoomers," have had their futures compromised by previous generations' monetary mismanagement.

They highlight the social upheaval, wealth destruction and cultural decline that Zoomers have experienced, including disruptions caused by lockdowns and school closures. The authors suggest that Bitcoin offers hope for the future, as Zoomers can use it to build a new financial system that is resilient, equitable, and just. They urge Zoomers to channel their sense of betrayal and loss into creating a world order that they can pass down to future generations.

The authors acknowledge the significant fiscal and monetary crises facing Gen Z, such as the mounting national debt and unfunded liabilities. They believe that voting and activism alone cannot solve these problems and that Zoomers are well-suited to embrace Bitcoin due to their familiarity with technology. However, they emphasize that the journey to a balanced and free society will be challenging, requiring independent study, organizing communities, and permeating existing institutions.

Read Full Article

📰 The Daily Bits

👎 Senator Elizabeth Warren alleges that "rogue nations, oligarchs, and drug lords use crypto to launder billions in stolen funds, evade sanctions, and finance terrorism."

🚨 Donald Trump’s tireless 2020 election denials, and the fact that voters don’t know what to believe, demonstrates why politicians fear Bitcoin.
 
🇵🇭 Businesses are taking advantage of the unique benefits the Lightning Network offers through Pouch.ph’s payments platform.

🌊 Bitcoin's Resurgence

Three Reasons Behind Bitcoin's 2023 Resurgence
By Chen Fang

Bitcoin has experienced a resurgence in 2023, bouncing back from the challenges it faced in 2022. According to Chen Fang, COO of BitGo, there are three main reasons behind this resurgence:

1. Banking Sector Turmoil and the Value of Bitcoin: The collapse of Silicon Valley Bank and subsequent banking sector turmoil raised concerns about the safety of traditional financial systems. This prompted individuals to seek alternatives like Bitcoin, which offers decentralization and transparency. The crisis led to a surge in bitcoin prices as investors viewed it as a hedge against uncertainty.

2. Global Dedollarization: Faith in the US dollar as a global reserve currency has been diminishing. Countries like China and Russia are exploring alternatives, and there is a growing interest in diversifying away from the dollar. This shift towards non-dollar alternatives has increased awareness of bitcoin as a viable option. While the long-term effects are still uncertain, it has acted as a catalyst for bitcoin's price increase.

3. Development of the Layer 2 Ecosystem: The further development of Bitcoin's Layer 2 ecosystem, including projects like Stacks and the Lightning Network, has contributed to its resurgence. These technologies improve scalability and enable the creation of financial products and decentralized finance applications on the Bitcoin network. The growth of Layer 2 protocols has made Bitcoin more efficient and cost-effective for transactions.

Read Full Article

MEME OF THE DAY 

By @TheBitcoinConf

Bitcoin is a stack of the most important concepts for humanity's prosperity. Immense work has gone into these respective fields in order to yield the technological innovation of Bitcoin.

Hope you have a great Monday,
@BtcCasey

Accepting Applications!

BTC Inc. is always accepting applications from dedicated Bitcoiners who believe they can contribute to our team.

Current openings:
General Interest
Copyright © 2023 BTC Media, All rights reserved.

View in Browser

You are receiving this email because you opted in via our website. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

PODCAST   JOBS   SHOP