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San Francisco 2033: You Will Own Nothing And Be Happy
By Jameson Lopp

What would a world where the government and the Federal Reserve win look like? What if they manage to use their monopoly on violence to coerce everyone into using their corrupted monetary system and prosecute anyone searching for freedom?

Welcome to San Francisco in 2033, where universal basic income and FedGov surveillance pervade and bitcoin is outlawed. It is a time when no one owns anything but everyone is happy.

This article is a dystopian chronicle of an average person living in a world where those in power today managed to maintain their control over money. It is a world where inflation, central bank digital currencies, criminalizing Bitcoin and total surveillance are required for the greater good.

⚡South Africa Accepts Lightning

Leading South African Retailer Pick N Pay Starts Accepting Bitcoin
By Namcios

Pick n Pay, one of South Africa's largest retailers, has started rolling out Bitcoin payments in its stores, allowing customers to use their bitcoin to purchase regular daily goods at a local food retailer.

What started as a pilot with 10 locations five months ago, has turned into a total of 39 stores, with the intention to enable the payment option in all of its ~2,000 stores.

The rollout allows its users to utilize bitcoin on-chain transactions as well as Lightning ones, with the wallet of their choice, making even the smallest of payments feasible.

“The transaction is as easy and secure as swiping a debit or credit card. Customers scan a QR code from the app and accept the rand conversion rate on their smartphone at the time of the transaction,” — Pick n Pay 

📰 The Daily Bits

🏦 They Want Your Bitcoin

How The Government Could Come For Your Bitcoin
By Robert Hall

The power of The State is real and should not be taken lightly. If history has taught us anything, it is that those in power will do everything they can to keep it. After all, he who controls the money controls everything. 

It is extremely naive to believe that the transition from a government-enforced currency to a bitcoin standard will be seamless and peaceful. Governments will not give up their power to print money and control economic affairs that easely. And yes, the Bitcoin protocol is practically unstoppable, but its users are not.

There are many examples of governmental policies designed solely for them to maintain their power.

• Confiscatory tax laws to benefit from bitcoin’s price gains in India.
• "Philippine President Marcos Jr. Pushes Tax On Digital Services."
• China's ban on Bitcoin and other cryptocurrencies.
• In Nigeria, the government can tell financial institutions to block any transactions related to bitcoin.
• Even expropriation is a possibility. On April 6, 1933, President Franklin D. Roosevelt signed Executive Order 6102, "forbidding the hoarding of gold coin, gold bullion and gold certificates within the continental United States."

MEME OF THE DAY 

By Ygor Petrov

The #FREEROSS Collection — Fine art prints of select paintings by Ross Ulbricht.

Available for purchase online and the Bitcoin Magazine Art Gallery. 100% of profits donated to @Free_Ross.