A MEDIA ATTACK AGAINST BITCOIN

The Tall Tale Of Boiling Seneca Lake

The overdramatization of environmental concerns related to bitcoin mining obfuscate any legitimate conversation on the topic.

Greenidge Generation, a bitcoin mining company that operates a plant on Seneca Lake in New York, is being blamed by the mainstream media for warming up the lake and making it feel like a “hot tub." Even though this article describes mathematically how this is not even possible, it comes to show how bitcoin is being attacked from multiple angles. We rarely question energy utilized for services like pornography or video games, but consistently see Bitcoin attacked. But this kind of misguided attack is something bitcoin has been weathering and embracing from its inception, and we shall continue to fight these narratives through education.

THE DAILY BITS

HW GOING MAINSTREAM

Jack Dorsey And Square To Build Mainstream Bitcoin Hardware Wallet
By Nik Hoffman

What is going to get bitcoin into the hands of the next 100 million people? Jack Dorsey may have figured it out.

With increasing adoption, there is an increasing need for teaching self-custody and security principles for new users. It is of utmost importance that new users learn the trade-offs of custodial and non-custodial wallets and to embrace responsibility and take control of their bitcoin instead of third parties. Until today, there is no “mainstream” option, which is precisely where Jack Dorsey is planning to change the game, by providing an affordable and open source hardware wallet for mobile users.

BECOMING A RESERVE CURRENCY

The Inevitability Of Bitcoin Supremacy
By Nik Oraevskiy

Bitcoin is a black hole of value sucking in any and all reserve currencies, slowly but surely.

Bitcoin is on its path to becoming the world's reserve currency. Some might see it, some may not, and some few deliberately decide to ignore it, but it is inevitable. The process has already started with citizens and corporations adopting it as the main means of savings. Throughout the process, countries might try to fight it, but the change and adoption of bitcoin as money will likely come "gradually and then suddenly." As of now, we are probably in the gradual phase, so we should prepare for what is to come.

GIVEAWAYS