Humble Bitcoiners!
What is a morning without Bitcoin content? Sit down and get ready for your daily dose of Bitcoin signal! |
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| Today's Rundown: Embracing Bitcoin: Four U.S. Mayors declare their intentions to get paid in bitcoin. Eternal Easing: Seeking the future impact of monetary policy on our daily life. Brazilian Bill: A draft bill seeks to allow Brazilian workers to be paid in bitcoin. The Top: Using on-chain analytics to estimate the cycle top. |
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Mayors Around The US Race To Embrace, Be Paid In Bitcoin
By Namcios The game theory starts kicking in. Last week we had Miami Mayor Francis Suarez and NYC Mayor-Elect Eric Adams announce they would be taking their next paychecks in bitcoin. This weekend we had two more mayors speaking their similar intentions out loud.
Scott Conger, Mayor of Jackson TN, and Jane Castor from Tampa, are the two next domino pieces in the validation of accepting bitcoin as a means of payment. The Mayors' statements are stronger than one might have expected — it reiterates that there is no intention of banning bitcoin, and additionally, it shows that the idea to embrace bitcoin might be a good one, and that any citizen can chose to follow suit. List of Mayors and intentions: Miami Mayor Francis Suarez committed to taking his salary fully in bitcoin. Eric Adams announced his intention to take his first three paychecks as NYC Mayor in bitcoin. Scott Conger, Mayor from Jackson Tennessee to take his next paycheck in bitcoin. Jane Castor, Mayor of Tampa FL, also hinted at joining the move and taking the next paycheck in bitcoin. |
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LEARN & EARN FREE BITCOIN |
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Why Central Banks Are The Opioid Of Our Economy This article is an attempt to explore the repercussions of central banking's monetary policies on the daily lives of billions of people. In a comparison of quantitative easing to opioids, it makes a case for QE as a short term pain alleviation to patch a symptom of a greater problem, just as the opioids are a short term prescription to ease the pain, with both carrying the risk of them becoming addictive.
Quantitative Easing or QE, is something we all have heard of most likely — it is the tool Central Banks used in order to relaunch our economy during the 2008 Global Financial Crisis. In general terms, QE is an injection of liquidity to the market which incentivizes higher spending.
Many people believe that central banks have an unlimited power to print money and therefore help society, but the thesis of this piece is that it comes with a cost. There is no free lunch in life, and part of the repercussions of easing the problem and not fixing it is creating new ones such as causing inflation and polarizing society as wealth inequality widens. |
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Click the links:
1. Mark Moss joins a group of Bitcoiners to discuss self-sovereignty and how to use Bitcoin and other tools to achieve it.
2. The pseudonymous creator of Bitcoin was a peaceful freedom fighter intent on disrupting the status quo with a decentralized movement.
3. It seems that it’s becoming a trend for politicians to espouse the benefits of bitcoin — and that's not a bad thing!
4. The baseline ideas behind bitcoin are supported by the virtues that Christians should seek to exemplify in the world.
5. In a world of destruction and creation, Bitcoin is the work of Daedalus, a representation of everything just, useful and beautiful.
6. The honey badger is notorious for its resilience and toughness. Here are six reasons why that reputation applies to Bitcoin.
7. The global adoption of bitcoin is only beginning as the world evolves toward a society based upon cryptographically secured money.
8. Promoted: Bitcoin 2022 will host rapper Logic and other headliners during the Sound Money Fest music festival. |
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Draft Bill Seeks To Allow Brazilian Workers To Be Paid In Bitcoin By Namcios
A draft bill seeking to allow Brazilian workers to have the option to be paid in bitcoin was presented to the country's Deputies Chamber on November 5. Right now, there is a law that dictates Brazilian workers can only be paid with the national currency, and not any other alternative.
Deputy Luizão Goulart, presented the bill and shared the natural evolution of money as a cause for his proposal stating that: Money was one of the greatest creations in human history Money allowed us to rise to an extremely complex and productive society. Although it is only a bill, and it hasn't been discussed or voted on yet, there is hope that it could pass as bitcoin as a means of payment begins to normalize in different countries around the globe. |
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BITCOIN MAGAZINE is back in print! |
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Estimating This Cycle's Bitcoin Price Top By Dylan LeClair And Sam Rule As price rises, there is a question many share: Which will be the next bitcoin price top?
In this article, the authors share a metric which could help one to have an educated guess on what might be bitcoin's top from this cycle, given the idea it continues to be a four year cycle. Even though the analysis concludes on reaching levels higher than six figures, it is difficult to make an accurate estimation.
The metric analyse is the famous Spent Output Profit Ratio, but calculated only for Long term HODLer Basis.
The metric takes a measurement of when long-term holders are incentivized to sell some of their bitcoin? Throughout history, the tops seem to have diminished returns as the previous tops represented an average return of 1,974% and 804% realized profit.
With this taken into consideration, and assuming the price has not reached the top yet, using the smallest return hints a possibility of reaching a price close to $160,000.
As a friendly reminder from the authors, "Bitcoin is a multi-decade adoption thesis where timing the local cycle tops won't matter in the long-run." |
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By Jason Lowery
”Not having to waste human life to defend monetized wealth is worth every watt.” - Jason Lowery
Keep stacking! |
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