Hello Humble Bitcoiners!

Sit down and get ready for your daily dose of Bitcoin signal! 
📝 Today's Rundown
  • On The Fed's Balance Sheet: Should the Fed add bitcoin to its balance sheet?
  • CoinPool: A new design to scale and improve privacy.
  • Mining In 15: A tutorial to set up an Apollo node and miner.

🏦 ON THE FED'S BALANCE SHEET

Should The Federal Reserve Add Bitcoin To Its Balance Sheet?
By Mike Hobart

The Hatch Center, the policy arm of national think tank the Orrin G. Hatch Foundation, hosted a webinar on "crypto" on February 16. Director Matt Sandgren was joined by U.S. Senator Cynthia Lummis, former Federal Reserve Vice Chair Randal Quarles, and Bitstamp CEO Robert Zagotta to discuss ensuring regulations coming out of D.C. wouldn't hamper or become detrimental to the cryptocurrency economy and innovation happening in Bitcoin.

The conversation took an interesting turn when Lummis was asked: "If the Federal Reserve currently holds more than $40 billion in foreign currencies on its balance sheet, Why not add bitcoin?"

Senator Lummis shed light on why she believes it is a great idea, citing how Bitcoin has and can continue to co-exist alongside the U.S. dollar and at the same time improve the landscape of financial inclusion.The fact that bitcoin is decentralized, makes it over time more ubiquitous. Although some might believe this is an extreme decision, she reminded everyone that mortgage-backed securities were not added to the Fed's balance sheet until the 2008 Global Financial Crisis.
Read Full Article
☕ COINPOOL

CoinPool: A New Design To Scale Bitcoin And Improve Privacy.
By Marty Bent

CoinPool is a design implementation proposal made by Antoine Riard and Gleb Naumenko, Lightning Network and Bitcoin core developers. It is a multi-party constructruction aiming to improve:

  • Bitcoin onboarding and transactional scaling
  • Increasing privacy by orders of magnitude.

It involves allowing many users to have partial ownership over a single UTXO, so that they can make instant off-chain transactions. CoinPools would essentially enable billions of people to claim ownership of on-chain bitcoin in the form of a slice of a UTXO. 

However, it must be noted that it will take some time for the CoinPool implementation to be possible because it will most likely require multiple soft forks.
Read Full Article

📰 THE DAILY BITS
1. Nuevo Léon senator, Indira Kempis, seeks to introduce legislation to make bitcoin legal tender in Mexico.

2. Everbowl, the California-based business, will let employees get paid in bitcoin to provide an alternative savings vehicle for its employees.

3. The debt addicted nations of today must hit rock bottom before they can see the incorruptible recovery guidelines of Bitcoin.

4. Well-intentioned actions need to be planned meticulously when concerning the security of Bitcoin at the scrutiny of the State.

5. One-third of Americans could own bitcoin by the end of 2022. The U.S. government will want to appease this voting bloc with favorable policies toward bitcoin.

6. Markets react to Putin’s speech as investors move to safety across risk assets, which is negatively impacting the price of bitcoin and tech stocks.

💻 MINING IN 15

Brazil Takes First Step To Regulate Bitcoin
By Econoalchemist

FutureBit is a company dedicated to providing cutting edge decentralized hardware and software solutions to enable the blockchain era for everyone. They have developed The Apollo. It is an easy-to-use hardware that can function as a Bitcoin node and miner. It will come equipped with 44 ASIC chips capable of producing nearly 3 terahashes (Th). 

The Apollo can go from delivery to hashing at a pool of your choice in less than 15 minutes and it can sync the entire Bitcoin blockchain in two days. This article will guide you through every step and functionality for correct usage of The Apollo, from unboxing, setup and connecting to a bitcoin mining pool, to configuring it as a Sparrow Wallet backend.
Read Full Article

🎥 BITCOIN MAGAZINE LIVE
Bitcoin Magazine Live!
In this episode of Bitcoin Magazine LIVE:
  • An Interview with Lamar Wilson
  • An interview with Natalie Brunell
  • Episode of The Break Up with Nolan Bauerle 
Don't forget to LIKE & SUBSCRIBE

MEME OF THE DAY
By Nikcantmine

Bitcoin is just like the honey badger — it does not care. It continues consuming energy and mining block by block independent of our politics or what we think about it, protecting itself against nefarious actors.

Bitcoin can't be stopped, and this is the monetary property we need in the digital age. 

With love,
Bam

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