Hello Humble Bitcoiners! Have a nice weekend? Welcome back to your daily dose of Bitcoin signal! |
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📝 Today's Rundown Talking Bitcoin: El Salvador President Nayib Bukele announced that 32 central banks and 12 financial authorities are meeting in the country to discuss Bitcoin. Unsustainable Practices: Bitcoin can repair the broken incentive systems created by finance and low interest rates that lead to unsustainable practices. Mining With Tires: PRTI has discovered a way to demanufacture old car tires, turning them into sources of energy, some of which is then used to mine bitcoin on-site. |
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President Nayib Bukele Announces 44 Countries To Meet In El Salvador To Discuss Bitcoin By Nik Last night, President Nayib Bukele announced on Twitter that 32 central banks and 12 financial authorities from 44 countries are to meet today Monday May 16, to discuss: Financial inclusion Digital ecoomy Banking the unbanked Bitcoin, its rollout and benefits in El Salvador. The list of countries is a big one, and in a recent tweet from Bitcoin Beach, interestingly many of them are countries which either are under developing circumstances, undergoing high inflation, or not even having their own sovereign currency. Even though there is not yet enough information out there to make any sort of assumptions, it is interesting that Bitcoin becomes part of the conversation between nations. "It took 12 years for the first country to adopt Bitcoin, around 8 months for the second, and if Panama’s president signs their recent Bitcoin bill into law, then they will be the third only about a month after the second" – Nik |
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📝 UNSUSTAINABLE PRACTICES |
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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, an example of traditional financing for farming and agricultural matters is presented to demonstrate how the current global financial system (fiat money) and its perverted incentives, time preference and rates, makes the sustainable unsustainable. Present-day farmers are forced to center their attention on revenue, interests and payments. Production has become way more important than maintenance and farmers are left with no choice in the matter. Without money they can not remain solvent or continue to farm. Yet to get money they are obliged to extend farming practices which are collectively catastrophic for the environment. |
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1. Nomura Holdings began trading bitcoin derivative contracts this week including options and futures citing increased institutional demand. 2. What do health and wellness brands, logistics companies and your local Bitcoiner have in common? They’re all hash rate fiends! 3. The realized price of bitcoin is around $24,000 and a lack of long-term holder capitulation means there is potentially more downside to come. 4. A bill banning bitcoin mining, authored by the communist party in Norway, was struck down by a majority vote in the Norwegian parliament. 5. Users can take advantage of the cryptographic protection offered by GPG to secure files and data that they want to keep well under wraps. 6. A broadcast recorded at Bitcoin2022, reflecting on El Salvador’s bitcoin legal tender law and the intersection of health as it relates to Bitcoin. 7. A significant amount of bitcoin changed hands on the United States’ most dominant spot exchange, Coinbase, as investors look to buy the dip. 8. Bitcoin represents a financial renaissance, which means society still exists in a monetary Middle Ages dominated by the alchemy of fiat currency. 9. Being employed by Wall Street colors how some people view Bitcoin. This letter is an attempt to lead one such person to the Bitcoin rabbit hole. |
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How Bitcoin Will Help Solve The Climate Crisis By Craig Deutsch Rubber tires are one of the most important tools of modern society, however, they are also an environmental inconvenience. Tires do not decompose and when they are piled up in landfills or junkyards, they can release chemicals into the air, ground, and water that alter the ecosystem. Just sitting in the sun, a waste tire releases methane gas into the air. This greenhouse gas increases our carbon footprint and can contribute to climate change. Fortunately, there is a company already addressing the massive problem of waste tires. Product Recovery Technology International (PRTI) came up with a patented Thermal DeManufacturing process that gets rid of waste tires by transforming them into valuable sources of energy and then uses that energy to mine Bitcoin. This article explains everything you need to know about this innovative process and the company behind it, while demonstrating that Bitcoin is, in fact, beneficial for the environment. |
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By Bitcoin Magazine People struggle to accept reality, and the truth of the moment is that bitcoin is being adopted. Not only it suddenly became the standard unit of account for some individuals, it is gradually penetrating the balance sheets of businesses and now even countries. At this point in time, the game theory is on play, the progress is undeniable, and its adoption inevitable. With love, 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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