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📝 Today's Rundown
  • The Solution: Fiat currency's value is diminishing to oblivion — Turkey is a contemporary example. But Bitcoin fixes this.
  • Last Resort: Amid the tragedy of Russia’s invasion of Ukraine, Bitcoin acts as a humanitarian lifeline.
  • Mexico Goes Lightning: Bitcoin is an infinitely complex system that is a zero-to-one invention with little for us to compare it to, so no one can fully understand Bitcoin.

🏦 THE SOLUTION

Turkey Inflation Data Shows Annual 70% CPI Increase, Bitcoin Fixes This
By Shawn Amick

Turkey has just released inflation numbers, compiled by the Turkish Statistical Institute, where they showed inflation running at its highest in last two decades, rising almost 70%. If you have been in the bitcoin community long enough, you might have heard that inflaiton is a vector, and it is true. In the report, the institute displayed the rise in prices for specific products:
 

  • Transportation suffered an annual rise of 70%
  • Food and Beverages rose 89.10%
  • Housing and furnishing equipment rose 77.64%
  • Healthcare by 35%
All of these problems are a symptom of the broken money, a problem bitcoin can fix.
Read Full Article
💸 LAST RESORT

Currency Of Last Resort
By Alex Gladstein

Alek Gladstein, Chief Strategy Officer at the Human Rights Foundation, Bitcoin enthusiast and Bitcoin Magazine contributor, has taken the time to do a deep investigation and has delivered an incredible story about the Russian invasion of Ukraine.

In this article, he discusses everything you need to know about the invasion, considering all different angles and perspectives. From an overview of Ukraine's history of Russian oppression since ancient times,  to the recent stories of bombings and devastation, Gladstein explains the full chronicle.

He recites the stories of several people living through the conflict personally. He writes about Gleb Naumenko, a Bitcoin Core developer that decided to stay in Ukraine to aid his fellow countrymen, Aleksey, a Crimean Bitcoin educator and Alex Bornyakov, deputy minister of digital transformation that raised more than $110 million worth of cryptocurrency for the country’s defense effort. These individuals stories demonstrate how Bitcoin is Ukraine’s currency of last resort.
Read Full Article

📰 THE DAILY BITS
1. The trustless nature of Bitcoin allows tremendous societal growth and development in places with low trust in the government and institutions.

2. The AfCFTA is an intra-African trade agreement that offers opportunities to bring prosperity to Africa with the potential adoption of bitcoin.

3. There are many differing opinions about BIP119. This Twitter Spaces conversation aims to clear up some of the confusion and offer explanations.

4. Wrestler Summer Rae, joins the “Bitcoin Bottom Line” podcast to discuss taking a percentage of her salary in bitcoin and mining energy efficiency.

5. Energy usage is not something from which we should shy away. Bitcoin miners are already doing the hard work that is making the world a better place.

6. Alex Gladstein and Fodé Diop join a Bitcoin Magazine Twitter Spaces to share updates about the Central African Republic’s plan for Bitcoin adoption.

7. The Bitcoin protocol was exactly in-between the past halving and the next as block number 735,000 was mined on Thursday.

8. Gucci, the luxury brand, is launching a pilot to accept Bitcoin payments in five U.S. locations, including New York, Los Angeles and Miami.

9. Swan Bitcoin is officially releasing its Bitcoin Benefit Plan which automates the purchasing of bitcoin for employees electing to use the program.

10. Luna Foundation Guard has acquired an additional $1.5 billion of BTC, surpassing Tesla as the second largest corporate holder of BTC valued over $3 billion.

☕ MEXICO GOES LIGHTNING

Tauros, IBEX Mercado Partner for Mexico's First Lightning-Enabled Bitcoin Exchange
By Shawn Amick

Tauros, a bitcoin and cryptocurrencies exchange, has partnered with IBEX Mercado with the goal of bringing the first Lightning-enabled bitcoin exchange to the citizens of Mexico. As countries adopt Bitcoin as legal tender, more functionalities and integrations start to develop over Lightning as it grows in popularity and people realize the potential it has for instantaneous transactions at low fees.

Through this integration, customers of Tauros interacting with a Lightning-enabled point of sale will be able to make purchases directly from their Tauros wallet in their local currency in a similar fashion to Strike. The attempt is to allow businesses to accept transactions and choose whether or not they wish to receive bitcoin or fiat currency, opening the doors to adoption.

"Lightning is leading the most radical financial empowerment in history and will set a new standard for the rest of the networks in the market." — Salvador Melendes, CEO of Tauros
Read Full Article

MEME OF THE DAY 
By The Bitcoin Conference

The price is wildin' and being over-exposed can be difficult when Bitcoiners are new in the space, but this is exactly the reason why bitcoin is indeed a savings technology and not a gambling mechanism.

A savings technology means stacking sats in a continuous manner. This way one gets to turn fiat into the hardest asset on earth, while taking advantage of the discounts that volatility brings.

By doing so, and not playing games at the altcoin casinos, we can find ourselves eventually in zen.

With love,
Bam

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Today's email was brought to you with ♥ by Bam.
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