🏦 BOND'S YIELD SUFFER

Bonds Are Down 30% From All-Time Highs
By Dylan LeClair and Sam Rule

The iShares 20-year Treasury Bond ETF, TLT, which tracks an index of long duration maturities, is now down over 30% from all-time high back in July 2020. This latest drawdown is the fastest deceleration across a 30-day percentage change since May 2009.
The trust in the financial system is breaking — around $100 trillion of worth of credit promising return-free risk, is now yielding negative real rates due to the high numbers on inflation.
Throughout all of this mess, bitcoin stands strong and looks remarkably cheap as perhaps the only asset with no counter-party risk and zero dilution risk. It might be the perfect asset to hold at this stage of the long-term debt cycle.

Bitcoin Is Venice: A Capital Renaissance
ByAllen Farrington And Sacha Meyers

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, the concepts of money, capital, public goods and private property are brought into discussion to demonstrate that money has, so far, alway been both private property and affected by the behavior of others, free riding in a manner that clearly harms the well-behaved.
Money literally is a common-pool resource and what money is or should be is therefore a common-pool resource problem. It may be the single most important common-pool resource problem; hence Bitcoin is the most important solution and by extension the most important enabling technology for the management of a common-pool resource. Bitcoin will, slowly but surely — gradually then suddenly — bring us back to an understanding and practice of economics.

📰 THE DAILY BITS

🚂 4th INDUSTRIAL REVOLUTION

Bitcoin’s Promise For The Fourth Industrial Revolution
By Frankie Wallace

Just like the invention of the steam engine in 1712 triggered the industrial revolution, the discovery of Bitcoin has the potential to incite an unprecedented financial revolution. The separation of money and state and a global financial system immune to any kind of coercion or manipulation is, very likely, one of the most important developments of our species. It is probably the biggest function a civilization requires to thrive over space and time. Without a development like that, it is hard to imagine a society capable of lasting a long time.
Industry 4.0 is already making waves across global commerce and scalability is no longer an issue. Bitcoin, through advancing networks and accessibility, challenges traditional perceptions of banking and finance. The Bitcoin ethos promises to reduce global poverty, empowering global trade and securing financial data. The future is bright; the future is orange.

MEME OF THE DAY

📗 BITCOIN MAGAZINE PRINT