Hello Humble Bitcoiners!
Finally Friday — stack some sats, relax and get ready for the weekend with some Bitcoin signal. |
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📝 Today's Rundown - Financial Inclusion: Set to grow into an economic powerhouse over the next few decades, Africa will benefit greatly from investment into Bitcoin education.
- Government Insurance: With rampant inflation and institutional unease in the air, bitcoin is prepared to gain exponentially.
- Future Of Lending: As we continue to debate the proper roles of cryptocurrency and lending, bitcoin full reserve can be the future for credit and commerce.
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Bitcoin: Opening The Door To Financial Inclusion
By Ray Youssef After two years of the pandemic, and rampant inflation forcing many into poverty, global wealth inequality is surging. The top 1% has captured 20 times more wealth than the bottom 50%, and while this isn't a metric we can or should control, it displays a picture of how our current financial system has failed.
In a world where politics becomes an important factor determining our wealth, where a decision to devaluate a currency can put an entire population into poverty within weeks or days, bitcoin becomes an available solution for those seeking an alternative for wealth preservation.
For the first time, there is an open monetary network, which can avoid regulatory capital controls, giving hope for billions of people seeking to be part of the global financial market — and it's called Bitcoin. |
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Why Bitcoin Is A CDS On The Fed
By Adam Taha “Bitcoin is a hedge against inflation,” is relative. For those that bought bitcoin before 2021, the previous statement remains true. However, for those who bought recently, that statement can be taken with some skepticism.
The truth is that Bitcoin is an insurance against inflation depending on the time frame. Throughout its entire existence, Bitcoin has shown to be an exceptional store of value in the long run, giving excellent results for those willing to hold it for some time. For the impatient ones, it does not work that well.
Nonetheless, “Bitcoin is your insurance against the government’s entire monetary policy,” is a statement that is always true. Every single unit of bitcoin that you hold directly decreases the power of the state over money. Ultimately, the goal is to separate money from the state. |
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1. Does hash rate fall this significantly often? Miner monthly revenue nears 2017 levels. Hash price is now 48% up from the lows. Is this a mining death spiral? 2. After experiencing back-to-back Category 5 hurricanes, one Bitcoiner recognized the clearest way to prepare for an uncertain monetary future. 3. Analysts are predicting the Federal Reserve will turn dovish, but timelines for this remain unclear. The Bitcoin Magazine Pro team shares their thoughts. 4. Foundry launches logistics arm for bitcoin mining equipment, providing domestic and international logistic solutions for the acquisition and delivery of bitcoin mining infrastructure with a streamlined process. 5. Three senators chastised Fidelity for offering a bitcoin 401(k) option claiming it is too volatile and untested to be used as a retirement savings tool. 6. The Federal Reserve hiked 75 basis points as expected and markets across the board rallied higher with no surprising or unanticipated bad news. |
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In Defense Of Bitcoin Full Reserve: Not Anti-Credit, But Anti-Fiduciary Media.
By Stephan Livera In the words of Nic Carter, “A world with no credit is a dismal one. Credit unleashes savings and puts the money to work in productive areas of the economy.”
Carter’s statement makes total sense. However, there are two kinds of credit: commodity credit and circulation credit. Or, to paraphrase, there are two kinds of creditors: those who lend what they have in their reserve, and those that lend more than what they have.
Our society has been running under a scheme of circulation credit (creditors lending indiscriminately) for decades now. The current monetary policy of worthless and printable money allows circulation credit to work as long as the government keeps subsidizing the mess.
How would credit work under a Bitcoin standard? |
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By Seedsteel
In a world where money is infinite, the things that we need and desire become scarce.
This is why we need money to be hard, otherwise everything else we want becomes scarce against the seemingly infinite money.
This money, some entity can create it out of nowhere, while you and me work hard to obtain our own.
Stack harder,
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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