Hello Humble Bitcoiners! 

Events like the collapse surrounding FTX and now the contagion spreading throughout the ecosystem remind us why practicing conservative investment, staying bitcoin only and holding your own keys are important.
📝 Today's Rundown
  • ☕ Bitcoin Blend: A limited-edition run of coffee will donate a portion of tin sales to empower the growing coffee industry of El Salvador.
  • đŸ“± The RBF Debate: Full RBF, while contentious, is essentially a matter of time, either through incentivized miners or through individual nodes.
  • ⛓Decentralizing The Internet: If they choose to, IANA could use Bitcoin to create a decentralized database for IP address distribution — unless they go down the path of tokenization.
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☕ Bitcoin Blend

DC-Based Coffee Company Launches Bitcoin Blend In Honor Of El Salvadoran Farmers
By Shawn Amick

Compass Coffee, a cafe company based in Washington DC, has partnered with the Embassy of El Salvador to launch the Bitcoin Blend, a limited-edition roast dedicated to the farmers of El Salvador.

The blend features ingredients from Salvadoran Farms, and in order to empower the local business owners of the region, part of the proceeds from its sales will be donated to supporting the fast-growing coffee industry of El Salvador.

The company is looking to implement Lightning-enabled payments in its 15 physical locations in DC, while it is already accepting bitcoin as payment on its online stores.

“Using bitcoin for payments to our international coffee partners means that we are able to cut out a lot of the extra costs that come with doing business internationally — wire transfer fees and that sort of thing — and put more value directly into the hands of the individuals that actually make it possible for us to roast coffee and do what we do every day.” – Chas Newman, head of sourcing and production at Compass Coffee.
Read Full Article

đŸ“± The RBF Debate

The RBF Debate Is A Matter Of Incentives And Individual Choice.
By Shinobi

The Bitcoin network has a team of programmers and developers, both independent and institution-based, who, together, are in constant search of improvement. Nevertheless, changing the Bitcoin network is not as easy to do as with other cryptocurrencies. Unlike altcoins, Bitcoin is truly decentralized and consensus is required — an essential feature for sound money.

Today, Bitcoin Core developers are in the midst of a new debate. Bitcoiners are arguing furiously about a proposed change set to be included in the next release of Bitcoin Core. Opt-in replace-by-fee (RBF) is a mempool policy feature that was proposed in 2015 to give users the chance to replace transactions to deal with transactions being stuck unconfirmed due to quick spikes in fees. Now, Bitcoin Core is set to implement Full RBF, which would make replace-by-fee on by default for most nodes. 

The author of this article discusses everything you need to know about this Bitcoin Improvement Proposal.
Read Full Article

📰 The Daily Bits
1. With the continual rejection of a bitcoin spot ETF but approval of a futures ETF, the SEC is tipping the scale in favor of controlling the market.

2. A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange.

3. We must learn from the historic collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange before the world economy suffers a similar fate.

4. What the FTX failure means for Bitcoin, and why it may be the best thing to happen in 2022 as well as the catalyst for the next bull market.

5. Michael Saylor’s recent dysfunctional relationship comment perfectly summarizes the disconnect between bitcoin and crypto.

6. The collapse of an industry titan exposes how various bitcoin brokerages could experience massive differences in the cost of bitcoin.

7. An open letter to friends and family who are worried about the future of bitcoin due to the fiat business practices and subsequent collapse of FTX.

8. The reality of the situation in “crypto” is people have discovered a way to recreate the corruption that exists in the incumbent financial system.

⛓ Decentralizing The Internet

Decentralizing IP Addresses With Bitcoin Helps Distribute The Internet
By Moustafa Amin

What if one day the Internet Assigned Numbers Authority (IANA) oversees global IP address allocation, decides one day to launch a blockchain version of its IP addresses database? Would that be a legitimate project?

Don’t forget about the countless projects sailing under the flag of “blockchain.” Blockchain is not synonymous with decentralization, or freedom. There are literally tens of thousands of centralized blockchains that are no more than tools of surveillance and instruments of fraud.

The only right path would be to replace the controlled and surveilled IP addresses with new internet addresses that are based on the Bitcoin blockchain. These addresses will inherit all of Bitcoin’s features, — they will be purely decentralized, secure, future-proof, robust, anonymous, unhackable and controlled by no single authority. 
Read Full Article

MEME OF THE DAY 

By Relai

It's easy to get sucked into Bitcoin Twitter — especially with all the drama going on right now! 

With love,
Bam

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

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