Hello Humble Bitcoiners!

Another day and yet another blast of signal straight into your inbox!

It is already the middle of the week, but we are just getting started! 
📝 Today's Rundown
  • 💸 The Future Of Finance: Survey showcases Indian adoption of bitcoin and crypto with 56% of respondents saying the asset class is the future of finance.
  • ⛓️ DriveChain, Crypto Killer:  Drivechain, a proposed soft fork via BIPs 300 and 301, could introduce a portfolio of sidechains to Bitcoin and replicate any altcoin use case.
  • 🌪️ Tornado Cash Aftermath: Crypto privacy advocates were appalled when U.S. authorities sanctioned and shut down Tornado Cash. Could Bitcoin survive a similar attack?
Learn More

💸 THE FUTURE OF FINANCE

Over Half Of Indian Bitcoin, Crypto Investors Say It Is The Future Of Finance: Survey
By Shawn Amick

A recent survey titled "Into The Cryptoverse" was recently released by KuCoin. The piece showcases the rising adoption of bitcoin and cryptocurrency in India and the way people there view Bitcoin in terms of potential, hurdles and concerns.

On the optimistic side, the adoption in India sees a huge surge in comparison to previous year:

  • Over 115 million people, or ~15% of India's population, said they currently hold or have traded bitcoin or other cryptocurrencies.
  • 56% of investors believe bitcoin or cryptocurrencies are the future of finance.
  • 54% believe will it bring them a higher return on investment as compared to traditional means in the long run.
  • The investor class is becoming increasingly younger.
At the same time, concerns still exist regarding:
  •  26% of respondents expressed concern about being hacked.
  • 23% noted worries regarding the loss of funds due to security incidents.
  • 33% of respondents cited government intervention as a concern when deciding if they wanted to invest.
Read Full Article

⛓️ DRIVECHAIN, CRYPTO KILLER

With DriveChain, Bitcoin Will Make Altcoins Obsolete
By Nikita Chashchinskii

Drivechains are a new set of Bitcoin improvement proposals (BIP300 and BIP 301) that offer a great scalability solution and a totally new vision for Bitcoin. By introducing a portfolio of sidechains on top of Bitcoin’s mainchain, drivechains aim to: 

  • Expand Bitcoin’s functionality without ever changing the mainchain.
  • Absorb altcoin’s market share by converting any useful competing altcoin into a sidechain. 
  • Support Bitcoin's security budget after the block subsidy is gone, without tail emission or other problematic alternatives, by collecting all the transaction fees from our portfolio of useful sidechains.


There is already a privacy sidechain implementation converted from the original Zcash altcoin, for example. But the possibilities are endless: 

  • Distributed DNS sidechain.
  • Digital assets/colored coins/NFTs sidechain.
  • High transaction throughput sidechain.
  • Prediction market sidechain.
  • And more …
Read Full Article

📰 THE DAILY BITS
1. With Taro, payments are routed through Lightning, weakening stablecoins and opening up opportunities for community banks to connect users to a global audience.

2. A positive outlook can be tough during a bear market. Community is just one important thing that helps get Bitcoiners through tough times.

3. Professor Korok Ray explains how higher education is starting to embrace Bitcoin as an important subject to be teaching in the classroom.

4. While Taro could bring interesting developments to Bitcoin, the impacts on the bitcoin fee market and the scaling issues this will cause are unclear.

5. As equity markets begin to teeter and volatility in the legacy system increases through deleveraging, it seems that more pain is imminent for the bitcoin price.

6. Starlink may be the missing piece for mining decentralization to reach the far ends of the Earth where energy is cheap but internet access is lacking.

7. At-home bitcoin miners are the backbone of a decentralized Bitcoin network. Celebrating Pleb Miner Month in September puts the focus back on the little guy.
Learn More
🌪️  TORNADO CASH AFTERMATH

Now That Authorities Have Sanctioned Tornado Cash, Is Bitcoin Next?
By Namcios

Last week, in a surprising and ridiculous measure, the Treasury Department’s Office of Foreign Assets Control (OFAC) decided to sanction an automated, decentralized and open-source piece of software. Tornado Cash is a decentralized version of a typical cryptocurrency mixer deployed as a smart contract on the Ethereum blockchain, hence it is more akin to a robot than an entity. 

While most cryptocurrency enthusiasts understand that such a measure is wrong and exhibits the authority's lack of knowledge, regarding cryptocurrencies, it also demonstrates their desire to maintain the monopolistic control over money. It is almost a certainty that they will also try to control the best form of money that humanity has discovered — but will they be successful if they sanction Bitcoin and its tools?
Read Full Article

MEME OF THE DAY 
By Lina Seiche

Financial freedom does not only mean to "be rich," or "have enough money not to work," but it goes even further on being able to do whatever desired with your own money.

Traditional finance often disregards even thinking about this. In this day and age it has become normalized for the banks to have control of our spending and since this control has increased happened little by little, the population has gotten used to it.

As usual, bitcoin fixes this.

With love,
Bam
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking.
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