Hello Humble Bitcoiners!


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📝 Today's Rundown
  • Portfolio Insurance: As bond risks grow and contagion appears more likely than ever, all investors need to consider bitcoin as portfolio insurance.
  • Lightning Growth: Current Lightning Network public channel capacity is at 3,539 bitcoin and it continues to grow exponentially.
  • Privacy Tool: Walking through complete setup of the RoninDojo Tanto, a plug-and-play Bitcoin full node enabling premium Bitcoin transaction security.

💸 PORTFOLIO INSURANCE

Bitcoin Portfolio Insurance: Bond Risks And Contagion
By Greg Foss And Jason Sansone

This is the second chapter of the “Bitcoin Portfolio Insurance” series, where Jason Sansone, a Bitcoin enthusiast and surgeon and Gregg Foss, a former hedge fund manager with over 32 years in high-yield credit trading, explain the complex world of bonds. They explain its disingenuous and obfuscated high risk profile and how Bitcoin, contrary to what most people think, is an insurance asset and a risk diminisher for any investor’s portfolio.

In this chapter, they continue their discussion of bonds but this time, focus on the risks inherent to owning them, the mechanics of credit crises and the evident symptoms of a contagious financial disease spreading worldwide: like last year's GME’s short squeeze. They also talk about the lessons learnt from the Great Financial Crisis, the COVID-19 crisis and the FED's quantitative easing. 

Read Full Article
⚡ LIGHTNING GROWTH

Bitcoin Lightning Network Continues To Grow
By Dylan LeClair and Sam Rule

The Lightning Network is a Layer 2 protocol built on top of Bitcoin Network, that allows the asset to scale by essentially leveraging bitcoin's native multi-signature wallet technology to generate channels between parties.

In just three years, the network has achieved a public channel capacity of 3,539 BTC, and with an annualized averaging yearly growth of 30%, the networks allows the users to participate in the Bitcoin ecosystem while benefiting from:

  • Low Fees
  • Instant payments
Find out about the inner workings of the Lightning Network.
Read Full Article

📰 THE DAILY BITS

1. Avenue Securities now allows its over 500,000 Brazilian customers to buy, sell, and hold bitcoin in an integration with a third-party trading platform.

2. As centralized platforms like YouTube block Russian civilians from monetizing their work, the need for Bitcoin grows.

3. The bad guys can’t stop Bitcoin, but Bitcoin can stop the bad guys.

4. "Bitcoin Bottom Line": the hosts and guest discuss the potential impact on Joe Biden's crypto-related executive order.

5. Many governments are purposefully or accidentally introducing their citizens to Bitcoin and sovereign theory through their decisions.

6. In-person Bitcoin meetups are incredible opportunities to expand your knowledge, talk to other Bitcoiners and learn about new developments.

7. Many of the failings we see in society today are a result of the values of fiat money being absorbed.

PRIVACY TOOL

How To Set Up Ronindojo Tanto, A Powerful Privacy Tool For Bitcoin Transactions
By Econoalchemist

RoninDojo is a community driven project with a strong focus on bitcoin, privacy and sovereignty. Its end goal is to be able to easily deploy the hardware and software needed to have a feature rich bitcoin experience, maintain personal privacy and enable the sovereign individual to thrive. 

They’ve developed a free and open-source software together with an impressive piece of hardware equipment they call "The Tanto," a plug-and-play, stable and tailored full Bitcoin node. The Tanto is the first mobile Bitcoin Wallet that features privacy-enhancing tools like a Whirlpool CoinJoin implementation and post-mix collaborative spending tools. It empowers users by allowing them to own a self-hosted Bitcoin full node communicating with a mobile client over Tor.

This article is the full guide for setting up The Tanto: unboxing, configuring and connecting to a Samurai wallet and Whirlpool. 

If you are not running your own Bitcoin node, then you are trusting someone else's.

Read Full Article

🎥 BITCOIN MAGAZINE LIVE

Live Update!
In this episode of Bitcoin Magazine LIVE:
  • An interview with Simply Bitcoin
  • An interview with Dr. Jeff Ross
  • An episode of The Break Up with Nolan Bauerle
Don't forget to LIKE & SUBSCRIBE.

MEME OF THE DAY 

By Bitcoin Magazine

People often begin their Bitcoin journey due to the enticing attraction of NumberGoUp (NgU) technology. But many end up staying and diving deep into the rabbit hole learning about what money really is and its relationship with the different disciplines with which Bitcoin is related:
  • Economics
  • Finance
  • Philosophy
  • Technology
  • Memes
I guess on the path to understanding bitcoin, it becomes an incentive to learn more about the inner workings of the society we live in.

With love,
Bam

🛒 BITCOIN MAGAZINE STORE

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