Hello Humble Bitcoiners!

Each day we are fortunate enough to bring you incredible Bitcoin content to consume — enjoy! 
đź“ť Today's Rundown
  • 💸 Understanding Bitcoin: In order to understand Bitcoin’s potential role in the future, we must understand the monetary system of the present.
  • 🕸️ Decentralized Web: The peer-to-peer nature of the Lightning Network allows the building of functions that help decentralize the web.
  • 🍊 Maximalism: Those who fall under the label of Bitcoin Maximalists simply hold the belief that it’s the only true way forward for monetary freedom.
Learn More

💸 UNDERSTANDING BITCOIN

Understanding Our Current Monetary System And Bitcoin’s Value Proposition
By Taimur Ahmed

Money is probably the tool most often used in regular human interactions and, although it is an instrument we use every day to communicate and reach agreements, not many people take the time to try to really understand it. The vast majority of people take the value of money for granted and do not stop to really think about where that value comes from or what it really represents.

We can't blame them, the money we use today is pretty difficult to understand. It was designed like that so that we wouldn't try to understand it. Most people don’t even consider the issues that cause increasing prices. Others think that governments and central banks can press a button and create money out of thin air and therefore, inflation will automatically increase. The truth is that it is not really that simple — there are many other factors to consider when it comes to money and inflation.
Read Full Article

🕸️ DECENTRALIZED WEB

How The Lightning Network Could Enable A More Decentralized Web
By Kishin Kato

Lightning has proven to be a great solution for the scaling limitations of Bitcoin. However, that's not the only thing Lightning has to offer. In addition to enabling fast and low-fee transactions among participants, it also has massive potential in terms of decentralization, peer-to-peer applications and finance.

When compared to other payments technologies, one of the defining characteristics of the Lightning Network is its peer-to-peer architecture. Ultimately, this will enable simple and complex financial services to be delivered on a peer-to-peer basis among all participants in a market — individuals, small business and even multinationals.

This is the third article based on the content of the “Understanding Lightning” report produced by the Diamond Hands community, the largest Lightning Network community in Japan.
Read Full Article

đź“° THE DAILY BITS
1. Bitcoin Beach Brazil: A project in Brazil seeks to emulate the successful adoption of bitcoin seen on the beaches of El Salvador.

2. El Salvador has gone long on Bitcoin adoption as it attempts to overcome the monetary reigns of the IMF and United States.

3. Bitcoin brings financial education to the forefront of people’s minds in a world which has lost interest in the topic.

4. There are different types of Bitcoin Core contributors playing different roles, and understanding the process is critical for all Bitcoiners.

5. Do U.S. citizens live in a capitalist society, or have they fallen into the traps of communism?

6. As nations go to war and the global economy suffers, our credit-based system will inevitably seek sound money alternatives.

7. One year since making bitcoin legal tender in El Salvador, President Nayib Bukele has demonstrated sound money resilience.

8. Lightning helped El Salvador adopt bitcoin one year ago, which in turn helped usage of the Bitcoin Layer 2 network balloon around the world.

9. One year since adopting bitcoin as legal tender, El Salvador’s grand experiment is having a wide range of success.

10. CleanSpark has purchased an additional 10,000 miners, on top of the 6,000 already purchased this summer.
Learn More
🍊 MAXIMALISM

Bitcoin Maximalists Know That Bitcoin Is What Matters
By Cam Randell

Bitcoin Maximalists are often being criticized by Bitcoin skeptics and, in most cases, by those holding big fat shitcoin bags. The term was not self-proclaimed. It was actually created by Vitalik Buterin, creator of Ethereum (and of course, Bitcoin Magazine), after being upset by, in his view, how close-minded Bitcoiners are.

To his surprise, proudly self-identified Bitcoin Maximalists started to appear and rapidly grow in number, especially after the 2018 bear market, when it was demonstrated that Bitcoin is in fact the only real challenger to the world’s corrupted monetary policies. 

Bitcoin Maximalists understand that the last chance for human freedom is the ability to transact value through the Bitcoin network and nothing more.
Read Full Article

MEME OF THE DAY 
By Rope

Bitcoin has been "killed" again and again. It probably will continue to do so behind the mainstream media eyes. All while it comes back from its "death" stronger.
Every single time.

With love,
Bam
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.