Hello Humble Bitcoiners!

Welcome back to your regularly scheduled Bitcoin blasts.
📝 Today's Rundown
  • Not Democratic: Part three of the "Bitcoin Is Not Democratic" series explores the building blocks necessary to construct a civilization that transcend politics.
  • The Media: The price of bitcoin is increasingly impacted by global events.
  • Home Mining: A home miner describing his setup, offsetting heat costs and tax incentives.

NOT DEMOCRATIC

Bitcoin Is Not Democratic Part Three: The Separation Of Economy And Politics
By Aleksandar Svetski

After revealing the problems with Democracy and its impacts on society, the "Bitcoin Is Not Democratic" series is back with its third edition: The separation of the economy and politics. In this chapter, the author explores what a world on a Bitcoin standard, beyond political control, may look like. 

The author challenges the traditional idea that Democracy is a beneficial form of association and discusses how the separation of money and politics is crucial for any form of society to function in a fair and just manner. The standard for the financial system must be:

  • unalterable
  • immune to manipulation
  • censorship resistant
  • scarce
  • verifiable
  • fungible
  • borderless
  • unstoppable.
Read Full Article
📰 THE MEDIA

How Is Bitcoin's Price Affected By The News?
By Mike Ermolaev

Bitcoin started as a fringe asset and is now behaving as a traditional asset. This comes with both flaws and benefits. It grows in attention and it is introduced to institutional adoption — and it also becomes sensitive to the same forces that affect traditional markets — the news.

In this piece, the author displays different charts identifying bitcoin's correlation with both:

  • The Daily News Sentiment Index by the Federal Reserve
  • The S&P 500.
Although it may come as surprising, a case could be made that this should be expected. As the asset has entered the institutional space, it has become susceptible to the same macro scale events that affect the traditional finance markets. 
Read Full Article

📰 THE DAILY BITS
1. Shake Shack is introducing a limited-time trial of 15% bitcoin cashback rewards for customers using Cash App’s Cash Card.

2. As regulators and politicians aim to prevent cryptocurrency usage by sanctioned individuals, Bitcoin alternatives display a lack of resistance.

3. Why webs of trust may be unavoidable even in an optimally decentralized world.

4. Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.

5. What is KYC bitcoin, and what steps can users concerned with privacy take to address the issues presented by KYC bitcoin?

☕ HOME MINING

At-Home Bitcoin Mining To Secure The Network
By Captain Sidd

This article is part of a series of interviews with bitcoin miners in which they talk about their experiences and their views on the direction of the mining world. In this volume, @DaddyBTC_pleb shares several of his mining projects, how he is heating his home with ASICs and how much his system is saving him on his natural gas bill. 

@DaddyBTC_pleb managed to build a system to keep his entire home, basement and garage warm with ASIC’s, reducing not only his natural gas usage by 75%, but his effective electrical residential rate too, all while mining bitcoin in the process. He also talks about his background in finance and how he first became interested in Bitcoin and mining, the mining hardware he uses, how he acquired it and its maintenance.
Read Full Article

🎥 BITCOIN MAGAZINE LIVE
Live Update!
In this episode of Bitcoin Magazine LIVE:
  • An interview with Stephan Livera
  • An interview with Lord Eric Norris
  • An Episode of The Break Up with Nolan Bauerle
  • An interview with Alex Gladstein
Don't forget to LIKE & SUBSCRIBE.

MEME OF THE DAY 🔈
By Odell

The current monetary system is a sinking ship and bitcoin is our lifeboat. In moments of uncertainty, although volatile, we can be assured that we can find safety in sats.

Stacking sats shouldn't be done as a short term objective. Stacking sats is deferring gratification for a prosperous future.

With love,
Bam

🛒 BITCOIN MAGAZINE STORE
SHOP NOW


    
 
Received this newsletter from a friend?

Sign up to get the best of Bitcoin delivered straight to your inbox.
 
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking.
PODCAST   JOBS   SHOP
Copyright © 2022 BTC Media, All rights reserved.

View in Browser

You are receiving this email because you opted in via our website. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.