Hello Humble Bitcoiners!


Volatility isn't stopping, but we ain't stopping either. Get ready for your daily dose of Bitcoin signal!
📝 Today's Rundown
  • Fiat Into Bitcoin: Stripe is enabling businesses to convert fiat payments into bitcoin.
  • Battling Nihilism: Bitcoin battles nihilism and fiat psychology by allowing you to take control of your attention, and directing it toward the betterment of your person.
  • Upgrading LN: In order to develop into a protocol usable by the entire world, certain scaling improvements for Lightning need to be considered.

💸 FIAT INTO BITCOIN

Stripe To Enable Millions Of Merchants To Convert Payments Into Bitcoin Via OpenNode
By Shawn Amick

Stripe, one of the leading payment processors in the world, just announced a partnership with bitcoin lightning network payments infrastructure provider OpenNode, which will allow businesses to convert fiat payments into bitcoin.

This changes the playing field for business looking into "stacking sats", as per demand, they'll now be able to automatically convert any received amount they wish into bitcoin, by just activating the app's new feature.

Let the stacking games begin.

Read Full Article

🌟 BATTLING NIHILISM

Bitcoin, Personality And Development Part Two - Bitcoin Versus Nihilism
By Aleksandar Svetski

The Bitcoin, personality and development series is back with its second chapter where, after exploring how the Bitcoin ideology can change our concepts of value, decisions and actions to transform our society and ourselves for the better because it invites for self-love and awareness, it now discusses the implications of the fiat standard and how, by building lies upon lies to distract us from the unpleasant truth, it has submerged our society into a nihilistic psychology.

In this article, Aleksandar Svetski, author of “The UnCommunist Manifesto”, founder of The Bitcoin Times and Host of The Wake Up Podcast, shares his opinion about the psychology that our society has developed due to a corrupted and nonfunctional global financial system. He writes about nihilism, or the feeling of hopelessness about the road ahead, progress, attention, distractions, focus and how Bitcoin can get us back into the right track. 

Read Full Article

📰 THE DAILY BITS

1. It’s imperative to use best practices in bitcoin security in order to protect assets. Jameson Lopp shares the ways Casa supports their clients.

2. Materialism has taken its toll on the human spirit and Americans are unhappier than ever. Thanks to Bitcoin, people are prioritizing what truly matters.

3. After adopting bitcoin as legal tender in April, the Central African Republic now wants to create a cryptocurrency economic zone – Sango.

4. Reviewing the difficulty changes in Bitcoin’s history demonstrates that the practice of mining is near-perfectly competitive and is becoming increasingly so.

5. Discreet log contracts even the odds for peer-to-peer sports betting on Bitcoin. Bettors have a fairer chance when sportsbooks lose their advantage.

6. A survey from CoinsPaid saw respondents from Argentina, Brazil and Colombia positively view bitcoin as the future of money amid high inflation levels.

7. The Giving Block and Shift4 have partnered for a Caring With Crypto nonprofit donation campaign to support Miami-based nonprofits.

8. One Bitcoiner is here to show how far we’ve come from the original Pizza Day celebration of Papa Johns.
 UPGRADING LN

A Few Ways We Can Upgrade Lightning Network Payments Routing
By Shinobi

Even though the lighting network is a well developed transaction solution running on top of the Bitcoin protocol that has already proven its value and functionality with a fast growing adoption benefiting several customers, vendors, service providers, exchanges and even entire countries like El Salvador, in order to become a protocol usable by the entire world, certain scaling improvements need to be considered.

The author of this article discusses  some of the current limitations of the lightning network and proposes some enhancements that could bring scalability so that the protocol can work worldwide. Shinobi writes about:

  • Opening and closing on-chain channels at a time
  • Hash Time Locked Contract (HTLC)
  • Fees
  • StateChains to transfer ownership of a whole channel off-chain
  • Sidechains to implement arbitrary rules
  • Credit relationships
  • A proposal for a whole new construct
And more...
Read Full Article

MEME OF THE DAY 

By Zlok

The term "Bitcoin Maximalist" was coined to describe the people who believe Bitcoin is the only cryptocurrency that is worth anything, and has been used in a derogative way, for not being "open minded".

The truth is that there are more than 10,000 altcoins from which most of them are blatantly scams, that it is basically ridiculous to speculate in that space, if 99% have a guaranteed failure.

Also, digital scarcity can only be invented once.

Hence, bitcoin is the only option.

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