Hello Humble Bitcoiners!

The Bitcoin community keeps on building, so we'll keep on writing about it!
📝 Today's Rundown
  • 🍊 Alignment Of Incentives: With Bitcoin, humanity has never before had such a fair game: A truly free market ledger that anyone can access and verify if they play by the rules.
  • ☠️ Saylor Gets Sued:  The D.C. attorney general alleges that Michael Saylor and MicroStrategy conspired to commit tax evasion by fraudulently representing Saylor’s primary residence from 2005 to the present.
  • 💻 Stablecoins on Bitcoin: The incentive impacts that stablecoins have on Ethereum could equally arise in Bitcoin if enough value is brought into the equation.
Learn More

🍊 ALIGNMENT OF INCENTIVES

Bitcoin Aligns Incentives In The Perfect Way
By Conor Chepenik

Bitcoin is probably the most incredible human discovery since we learned how to manipulate fire. The incentives for using Bitcoin as a unit of account and world reserve currency are innumerable and unimaginable. Humanity has never before had such a fair game. A truly free market ledger that anyone can access and verify if they play by the rules is critical to the growth of society.

Bitcoin forces us to play by the rules and is the only tool that can make capitalism function properly. Individuals, small businesses, massive corporations, the energy sector, nation-states and even the environment will benefit from an incorruptible and scarce monetary system. 

But not everything is going to be sunshine and rainbows — those in control of the current and corrupted monetary policy will do anything to keep their power.
Read Full Article

☠️ SAYLOR GETS SUED

MicroStrategy And Its Executive Chairman Michael Saylor Are Being Sued For Tax Fraud
By Shawn Amick

The largest corporate holder of bitcoin, MicroStrategy, and its Executive Chairman Michael Saylor are being sued by the District of Columbia (D.C.) for alleged tax fraud, per an announcement by the D.C. Attorney General.

The complaint alleges that Saylor knowingly avoided paying income taxes to D.C. while claiming to be a resident of a lower tax jurisdiction, and the lawsuit calls for more than $25 million to be paid in back-taxes and penalties.

Until now, Saylor has not made any public comment about it, but everyone is keeping an eye on what will happen next.
Read Full Article

📰 THE DAILY BITS
1. The bitcoin price may be down from its all-time highs, but off-chain uses for bitcoin assets are in their own bull market.

2. Jacob & Co. releases limited edition bitcoin watch. They put 444 components on two rotating platforms housing many callbacks to the Bitcoin ecosystem for a limited-edition collection of 25 pieces.

3. The bloated modern State's existence depends upon the control of money creation, and Bitcoin will expose that.

4. Bitcoin’s perpetual futures market funding rate can play a key role in short-term price movement. So where do things stand now?

5. Bitcoin could enable humanity to take the next step in energy production and usage through the capabilities it unlocks.
Learn More
💻 STABLECOINS ON BITCOIN

Examining The Incentives Of StableCoins On Bitcoin
By Shinobi

Lightning Labs has announced a revolutionary protocol called Taro, powered by Taproot and designed to issue multi-assets on the Bitcoin blockchain that can be transferred over the Lightning Network for instant, high volume, low fee transactions. 

This implies that, on top of Bitcoin, third parties will be able to issue assets with different characteristics and valuation, such as stablecoins — digital assets pegged to the value of a fiat currency — for example. Stablecoins have been around for a long time already and we could learn a lot about their pros and cons by analyzing their performance in other blockchains.

The Bitcoin Network could benefit from the issuance of a stablecoin — but are the trade-offs worth it? 
Read Full Article

MEME OF THE DAY 
By Cypher IO

Many criticize bitcoin because it is electronically made up money. But few stop and think, "What is the difference between bitcoin and my money in the bank?"

One is made up out of nothing, while the other requires an energetic input.

Which do you prefer?

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