Hello Humble Bitcoiners!
Why does Bitcoin mining get so much attention in regards to Climate Change? CO2 emissions are WAY lower than you think. #BuyTheNumbers powered by HIVE Blockchain Technologies LTD |
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📝 Today's Rundown - 🔥 Bitcoin ATMs: Bitcoin Depot, the largest bitcoin ATM firm, is set to list on the Nasdaq under ticker symbol ‘BTM’ by Q1 2023 through an $855 million SPAC deal.
- 🪙 Monetary Constant: Bitcoin, like other constants in the universe, creates a foundation upon which humanity can interpret information and chaos.
- 🏦 Community Banks: Taro transactions are routed through the Bitcoin Lightning Network, diffusing network effects of stablecoins and opening up opportunities for smaller issuers to connect their users globally.
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World's Largest Bitcoin ATM Firm To Go Public On The Nasdaq
By Shawn Amick Bitcooin Depot, the world's largest provider of bitcoin ATMs will go public on the Nasdaq through an $885 million deal with a special purpose acquisition company (SPAC).
So far the company holds a fleet of 7,000 ATMs across North America, allowing users to convert fiat into bitcoin and other cryptocurrencies.
Upon the SPAC deal, the company will merge with GSR II Meteora Acquisition Corp to become Bitcoin Depot Inc. and trade under the tycker symbol BTM on the U.S. stock exchange. |
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| In order for us to advance as a species, money needs to be fixed and standardized. Humans are social beings and money is by far the most important social invention of all. Money is another form of communication and, just like language, it also needs to have fixed rules that everyone follows in order to transfer information correctly. For that reason, it was critical for us to engineer a standard that is the closest representative of that which money measures: energy.
Discovering this representative money is a crucial part of any sentient species’ pathway through the Great Filter. Bitcoin is energy money intrinsically. With bitcoin, we finally have a financial constant that we can build an accurate set of financial, cyber and physical infrastructure on. - Bitcoin is where economics meets physics.
- Bitcoin is digital energy.
- Bitcoin is digital matter.
- Bitcoin is the monetary constant.
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1. Bitcoin is an apolitical monetary protocol for humanity, birthed in a world deeply entangled and confused by a captured system of political power, influence and violence. 2. The expansionary behavior of the United States hasn’t stopped with other countries adopting bitcoin. The U.S. will do whatever it takes to protect the dollar. 3. A Bitcoin standard in Africa could mean economic growth, higher quality of life and financial freedom for all Africans. 4. The “price of anarchy” is inherent to systems in which individuals can act in their own interest — including the Lightning Network. 5. Applications built on top of the Lightning Network allow for micropayments, opening the door for integrations with existing video games and podcasts. |
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Next Step To Widespread Bitcoin Adoption: Community Banks Bitcoin fixes everything, even the same thing it was designed to replace: the U.S. dollar.
The world’s reserve currency has a noticeable downside when it comes to practicality. Around two billion people worldwide are unbanked and, even though U.S. dollar has lost 90% of its purchasing power since the 1950’s, it is still the preferred “store of value” and unit of account for most of the world’s population.
The best form of money that humans have ever discovered can easily fix the practicality issues of the current financial system by Bitconizating the dollar. Taro is a new Taproot-powered protocol for issuing assets on the Bitcoin blockchain that can be transferred over the Lightning Network with instant, high volume, low fee transactions. Taro can help bank the unbanked and allow them to store and transfer bitcoindollars if they prefer and as long as the U.S. dollar still exists. |
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By Bitcoin Magazine
Little by little, the mainstream will find out that there was never an alternative. Bitcoin is the hardest form of money humanity has ever had, and natural human incentives will make people find its way towards it.
Bitcoin is the only way.
Stay healthy,
Bam |
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Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
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