Hello Humble Bitcoiners!
What a week! Even while the price doesn't show to be so optimistic, bitcoin continues to produce block by block, as the infrastructure continues to develop, companies to adopt it, and miners to increase their facilities & operations.
Lets go! |
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| 📝 Today's Rundown Fly With Bitcoin: Vueling is partnering with cryptocurrency payment provider BitPay and global payment solutions provider UATP to accept Bitcoin payments by early 2023. Hashing Hard: The Bitcoin network’s hash rate level continues to hit record highs in 2022, but how much hash rate is enough… or even too much? Trial & Error: The problems with modern housing and urban planning are symptomatic of the high-time preference age in which we live. |
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Spanish Airline Vueling To Accept Bitcoin Payments
By Shawn Amick Vueling, a Spanish airline part of the International Consolidated Airlines Group (IAG) has partnered with one of the largest bitcoin payment infrastructure providers BitPay, to accept bitcoin as payment.
With this move, the company becomes the first low-cost airline in Europe to accept bitcoin as a means of payment. The plan is to make this option available straight from the company's website. While the prices are still displayed in euros, the customers will be able to pay using any wallet, as it will be received through BitPay's ecosystem.
"With this agreement, Vueling once again reaffirms its position as a digital airline” – Jesús Monzó, Manager of Distribution Strategy |
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Has The Bitcoin Hash Rate Gotten Too High?
By Zack Voell Despite the fact that Bitcoin’s price has been punishing investors for quite some time now, fundamentally speaking, graphs and data show a totally different story. One of the best examples is hash rate, which hasn’t stopped growing and has been consistently printing new highs as time goes by, demonstrating that, independently of price action, the Bitcoin network has never been stronger and safer.
But can there be too much hash rate?
The author of this article writes about an excess in hash rate and the implications it brings to the mining industry. Ultimately, miners and hash rate protect the network from outside entities even thinking about committing a 51% attack and, to achieve that, an eternal hash rate uptrend is not necessary. In fact, current hash rate is more than enough and because of that it is safe to say that hash rate may not always go up forever; and if it doesn’t, Bitcoin’s security will still be more than okay. |
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1. A world without Bitcoin, where you own nothing and have no privacy, is not worth living in. A reminder and dedication for Bitcoin’s classes of 2019, 2020 and 2021.
2. CleanSpark will acquire 1,800 Ant Miner S19 XPs in a purchase agreement and TMGcore will provide 257 immersion-cooling tanks with colocation capacity.'
3. BitMEX will become the official sponsor of Bitcoin Magazine, granting the exchange exclusive publishing rights and enabling future collaboration opportunities.
4. A proprietary cooling method from JETCOOL Technologies uses less resources, lessens costs, and improves bitcoin miner efficiency over normal immersion cooling.
5. The new Engage Raise platform will enable federal political candidates to raise campaign funds through bitcoin and other cryptocurrencies starting in July.
6. A bitcoin spot exchange-traded fund could unlock $8 billion in value for investors if the SEC approves Grayscale’s bid to convert GBTC to an ETF.
7. Hester Peirce, a commissioner with the SEC, published comments on the failings of the SEC to properly deliver ETPs based on bitcoin and other cryptocurrencies.
8. As the bitcoin price falls and custodians face solvency issues, it’s worth remembering the sovereignty that bitcoin offers those who want it.
9. Mawson Infrastructure increased its ASIC fleet by 4,000 machines, driving up its hash rate and delivering a record-breaking revenue of $3.8 million.
10. Throughout history, price controls have never been successful in taming runaway inflation. It is impossible to put controls on the bitcoin price. |
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| 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 modern housing market and urban planning are put on trial to expose the decadence and malfunctioning these two industries have experienced through time and due to a manipulable and corrupt financial system.
Nowadays, designing and building your own house according to your needs is practically impossible anywhere in the world. A regulatory thicket makes it prohibitively difficult and costly for individuals to construct their own roof and only unprincipled and compliant construction companies are allowed to erect infrastructure for a market that is ridiculously overpriced.
Today, only one-in-three new homes in America are “self-built” by individuals and in the United Kingdom, the figure is an abysmal one in ten. Fortunately, a scarce and fair monetary system could balance markets back to normal. |
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By HODLneverSODL
The human psychology is a weird but interesting phenomena. As the price goes up, we expect the price to run up forever, while the pain is at hard core limit, an inner voice all of the sudden begins to question our beliefs.
But this is precisely why we push hard on education, because we all bought we bought earlier, now it's an amazing time.
Buy the blood, even if your own.
With love,
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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