Hello Humble Bitcoiners!

For Bitcoiners, long summer days are filled with conversations about sound money, changing the world and stacking sats.
📝 Today's Rundown
  • ETN Launched: EQONEX Limited launched a physically backed bitcoin ETN for German investors which will allow free bitcoin redemption and low management fees.
  • Another Arrow:  While current operations will not be ceased, New York continues to show an adversarial stance to bitcoin mining as a whole.
  • ASIC Loaner Program: Local meetups are implementing bitcoin mining lending programs to give members a chance to try home mining and learn about the Bitcoin network.
Learn More

💻 ETN LAUNCHED

A New Physically Backed Bitcoin ETN Just Launched In Germany
By Shawn Amick

The German financial services and publicly traded firm EQONEX Limited, has launched a new physically backed exchange-traded note (ETN) on the Deutsche Böorse XETRA Exchange.

The new fund will allow German investors to use standard brokerage services to trade back and forth between the asset while also allowing investors the opportunity to redeem for actual bitcoin.

“Germany makes an ideal, strategic launchpad for our Investment Products business, given its sophisticated and highly educated investment community." – Jonathan Farnel, CEO of EQONEX
Read Full Article

🏹 ANOTHER ARROW

New York State Slings Another Arrow At Bitcoin Mining
By Rick Mulvey

This article explores the attitude of the New York State towards the Bitcoin mining industry and some of the regulatory measures its legislatives have already enacted those that are currently in discussion.

For example, the New York State Department of Environmental Conservation (DEC) on June 30 denied the Title V Air Permit renewal for the Greenidge Generation power plant and cryptocurrency data center in Dresden. Furthermore, the New York State Assembly has passed a bill to direct the New York State Department of Financial Services to establish a task force to study cryptocurrency mining. 

Fortunately, there are also cryptocurrency proponents that are dedicated to pointing out to the government all the benefits that the industry could bring to the energy sector and the state. 
Read Full Article

📰 THE DAILY BITS
1. Bitcoin’s consistent issuance schedule makes it a reliable asset in times of inconsistent monetary policy. It will outlast any of the Federal Reserve’s plans.

2. Local meetups are implementing bitcoin mining lending programs to give members a chance to try home mining and learn about the Bitcoin network.

3. Dutch farmers are protesting in order to keep operating their farms. Society would benefit by incentivizing climate solutions instead of forcing them.

4. While current operations will not be ceased, New York continues to show an adversarial stance to bitcoin mining as a whole.

5. The nomenclature used to help the layman understand Bitcoin makes lawmakers confuse it as money instead of entries in a database. We must change the terms.

6. For Americans cut off from basic financial rights because of their incarcerations, bitcoin can be freedom money.

7. The banking arm of the Swiss post office and fifth largest Swiss retail bank is set to launch bitcoin trading and custody services by 2024.
⛏️ ASIC LOANER PROGRAM

Bitcoin Mining Loaner Program Helps Teach New Users
By Barnminer

Have you ever wondered what it would be like to be a part of the Bitcoin mining industry?

The vast majority of Bitcoiners are not actively involved in the process of validating transactions and securing the network because, for that, specialized hardware is required. However, the truth is that it is not actually that difficult to start your own Bitcoin mining operation. 

The author of this article describes his experience with a Bitcoin mining loaner program, which consists of having access to a borrowed ASIC for a day, week or month, to provide enough learning for the ins-and-outs of home mining, such as its set up, sound mitigation, heat, electricity and home networking. The hope is that participants can learn more by doing than reading or watching.

He also invites the readers to consider creating their own loaner program locally and give the gift of education to the community. 
Read Full Article

MEME OF THE DAY 
By Kefas

Other communities in the crypto industry would advocate for diversification, which from a personal perspective, indicates either lack of conviction or knowledge of how money works.

From the Bitcoiner perspective, there is no alternative. Bitcoin is the hardest money ever to have existed, and one can't protect themselves from the consequences of other people adopting harder money.

Stack sats,
Bam
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking.
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