Hello Humble Bitcoiners!
Get ready for your daily dose of Bitcoin signal! |
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| 📝 Today's Rundown Proof of Work Under Attack: Bitcoin opposition forces are carrying out ad campaigns aimed to change its underlying consensus mechanism. Home Mining: Uptime Kuma gives users way to keep an eye on their bitcoin miners and monitor remotely with Telegram notifications. Thinking Long Term: The achievements of civilization are made through proof of work, and Bitcoin forces us to continue making progress. |
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Proof Of Work Vs. Proof Of Stake: Why Bitcoin Won't Change
By Namcios Bitcoin is undergoing an attack pressuring to change its consensus algorithm from Proof of Work to Proof of Stake. Organizations such as the World Economic Forum and Greenpeace are using propaganda techniques like the slogan from their latest campaign, "Change the Code, Not the Climate".
However, this proposal to change consensus mechanisms is dead on arrival, as it undermines the complete objective of having a monetary network which is not easy to manipulate. The Proof of Work consensus mechanism forces the system to be tied to the physical world by relying on energy expenditure. It allows everyone to decide on the correct state of the ledger with no human sight or governance by validating the network with a node. This is the true innovation of Bitcoin.
On the other hand, Proof Of Stake could be seen as a fancy way to referring to shareholder governance or a stakeholder-led system where effectively your ownership of the system determines your authority of the system, according to Nic Carter.
In other words, Proof Of Stake, seems akin to the current monetary network we live in. |
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How To Set Up Uptime Monitoring For Your Home Bitcoin Mining Setup
By Scott Marmoll Umbrel, a platform that allows you to run your personal server with a Bitcoin and Lightning node in your home to break away from big tech and take full control of your data, continues to evolve and onboard awesome projects to their platform. Uptime Kuma is a project designed for those that have started a home mining rig and wish to set up a fancy self-hosted monitoring tool to remotely keep control of their mining operations with telegram notifications.
This article is an easy to follow guide to set up Uptime Kuma in your Umbrel node. From the requirements and necessary downloads to setting up the telegram notifications, this article explains everything you need to know to take back control of your data while mining Bitcoin. |
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1. Social sentiment is often correlated to the bitcoin price and can have a snowball effect for price movements, both to the upside and downside.
2. While the Warren Buffett is well-respected in the traditional finance community, his comments on bitcoin are signs of his benefiting from the fiat system.
3. By sharing a secret between a receiver and sender, then scanning the Bitcoin blockchain for the transaction, users gain more privacy thanks to a new proposal.
4. Users can now buy and sell bitcoin while gaming through a partnership between gaming fintech ZEBEDEE and payments firm MoonPay.
5. As more major oil and gas operations partner with bitcoin miners, it’s clear that this magic internet money is transforming energy.
6. As Bitcoin becomes more widespread, doors begin to open to use it for more conventional means of purchasing big-ticket items, such as property.
7. Almost anyone can use one of these DIY Bitcoin node projects to participate in securing the network and to learn more about Bitcoin.
8. Lightning is poised to seamlessly integrate into our everyday operations much in the same way the internet has.
9. A Ukrainian Bitcoin researcher discusses Bitcoin’s global utility as a humanitarian instrument and how he is using it to support people in Ukraine.
10. Klaus Schwab’s yearly conference in Davos, Switzerland, is a way to parade attempts to make capitalism more socialist through “shareholder capitalism.” |
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Bitcoin Is Venice: Bitcoin Will Make Us Think Long Term, Weather We Want To Or Not
By Allen Farrington And Sacha Meyers This is an article in a series of adapted excerpts from the book “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers. In this chapter, the concepts of civilization, proof of work and time are brought into discussion to demonstrate that the overbearing interference of fiat money, an economic standard that rewards the indolent and punishes the hard-worker, has forced the degenerate modern culture toward the delusion that it can have the benefits of a fully-built civilization without the work of building and maintaining it in the first place.
We need to start thinking long term. Bitcoin, with its core attributes of scarcity, decentralization and immutability, will take us back in track into a meritocracy, where proof of work in all matters will be the norm and innovation can flourish under a sound money standard. Bitcoin will make us think long-term, whether we want to or not. |
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By Kanuto
DCA (Dollar Cost Average) or Stacking is the act of recurrently saving in bitcoin. In the beginning it could be hard to embrace the volatility, but overtime we get used to it, and as our portfolio grows larger we will undeniably build resilience as we enforce the habit upon ourselves.
All of the sudden we all realize there is no better place to store our wealth, and having self sovereignty.
Happy Friday!
Bam |
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Keep on reading, keep on stacking. |
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