Hello Humble Bitcoiners!


The Bitcoin 2022 second day is not yet over! Tune in in the livestream and get here your daily dose of signal.
📝 Today's Rundown
  • Conundrum: Bitcoin is a free and open monetary network, accessible by anyone — which makes sanctions quite ineffective.
  • Manifesto: Comparing Bitcoin to barbed wire from Timothy May’s “Crypto Anarchist Manifesto” can give insight into the gravity of this seemingly abstract invention.

💸 CONUNDRUM

Sanctions Against Russia Pose A Conundrum For Bitcoin
By Dominic Collard

Bitcoin is the most unzeisable, censorship resistant and unstoppable monetary system that the human race has ever known, it is also accessible to anyone and immune to any kind of manipulation. For that reason, trying to impose sanctions over the Bitcoin network is quite useless.

Since Vladimir Putin’s decision to invade Ukraine, Russia has been submerged into suffocating economic sanctions and almost half of the country’s reserve have been seized by foreign governments. It is evident that Russia was not fully prepared to face the consequences of disobeying the western powers, however, it is quite likely that the next country willing to do so will be well prepared holding an unseizable asset like Bitcoin. That’s quite a conundrum because Bitcoin works for anyone, even for a tyrannical dictator.

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📰 THE CONFERENCE

Bitcoin 2022 is set to be the largest Bitcoin event in history, exploring the technological advancements, financial empowerment and countercultural influence that surround this open-source technology.

To keep up with the latest news and impact that Bitcoin 2022 is having, check out the live stream above and Bitcoin Magazine's ongoing coverage of all the biggest stories below.

1.The Financialization Of Bitcoin MiningBitcoin mining is increasingly done on a large scale by corporations which operate very differently compared to small miners. A group of experts gathered at Bitcoin 2022 to explore this industry dynamic.

2. Which Implementations Of Bitcoin's Lightning Network Should You Pick?: A cohort of Lightning developers held a roundtable discussion at Bitcoin 2022 on the differences between node options available to users.

3Examining The State Of The Bitcoin Mining ASIC MarketDuring Bitcoin 2022, bitcoin mining insiders discussed the state of the ASIC mining rig market, a major driving force for the industry.

4. Kevin O'Leary Sees Regulation, 'Spigots Of Capital' Coming To BitcoinKevin O'Leary of "Shark Tank" took the main stage at Bitcoin 2022 to discuss Bitcoin regulation and a forthcoming flood of investment.

5. MicroBT Announces More Efficient M50 Series Of Whatsminer RigsDuring Bitcoin 2022, Bitcoin mining rig manufacturer MicroBT shared details on its forthcoming M50 series of Whatsminer machines.

6. Bitcoin, The Market That Never SleepsA fundamental aspect of Bitcoin is the market's constant operation and global accessibility. To elaborate, a panel of experts gathered at Bitcoin 2022 for the "Markets That Never Sleep" discussion.

7. Building Companies That Improve Lightning Network LiquidityA growing list of companies are developing services to make the Lightning Network more accessible for users, such as providing liquidity and operating nodes. A panel of experts took the Bitcoin 2022 stage to discuss these developments.

8. Bitcoin Pioneer Ross Ulbricht Auctioning Original Artwork, NFT Created In PrisonRoss Ulbricht, founder of darknet bitcoin marketplace Silk Road, is auctioning a series of art created while serving his life sentence. The collection is hanging in the Bitcoin 2022 art gallery.

☕ BITCOIN BARBED WIRE

Bitcoin Barbed Wire And The Crypto Anarchist Manifesto
By Holger Von Krosigk

Barbed wire was invented in the 19th century and just like Bitcoin, it was a simple but disruptive invention that allowed anyone to easily denominate property and ownership. Almost 150 years later, Satoshi Nakamoto materialized a small mathematical discovery that can come across as unassuming but with the potential to fundamentally change ownership as we know it. 

Bitcoin reconciles an uncensorable pseudonymous system and an extreme form of property rights to constitute properties that could have sounded abstract in the past, such as digital ownership, censorship resistance, decentralization and more. Bitcoin is the ultimate asset class that can guarantee total ownership and unseizability, something the human race never knew before.

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MEME OF THE DAY 

By Level 39

Bitcoin is the most efficient allocation of energy.
Unfortunately is not widely understood. Luckily, it is not widely understood.

Where some see waste, others see opportunity.

With love,
Bam

🛒 BITCOIN MAGAZINE STORE

SHOP NOW


    
 
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