Hello Humble Bitcoiners!
Sit down and get ready for your daily dose of Bitcoin signal! |
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📝 Today's Rundown - Home Mining: Social data demonstrates that retail interest in mining bitcoin is surging, despite price action.
- Democracy Failed Us: Democracy is antithetical to the fundamentals of private property rights and, therefore, the functional, fair organization of society.
- Ukraines Law: Ukraine is setting the stage for becoming a leader in the global bitcoin market.
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The Popularity Of Retail Bitcoin Mining Is Surging
By Zack Voell Despite last year's turbulent price action and current bitcoin price being 50% off its all-time-high, the steady increase in novice and experienced miners alike discussing best practices, new products and educational resources for successful mining suggests a widespread growth of interest in bitcoin mining.
Some subreddits focused on cryptocurrency mining have shown parabolic growth for more than a year now. For example, the r/bitcoinmining subreddit doubled its members during the last year, while prior that same subreddit took more than three years to double its subscriber count. Other metrics like the volume of daily posts and comments as well as subscriber activity strengthen the idea that the interest from the average Joe to secure the network of a better monetary system is increasing. |
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How Democracy Failed Us: Bitcoin Is Not Democratic Part Two
By Aleksandar Svetski The “Bitcoin Is Not Democratic” series is back with its second part and even more challenging revelations. This time, Democracy’s impact in society is put on trial by exploring concepts such as wealth, poverty, free markets, politics, private versus public property, human rights, property rights, peace, war and moral hazard.
Evidence is presented to demonstrate that Democracy is the greatest threat to individual freedom humanity has ever encountered and how its long-term impact is greater than that of the greatest Socialist and Fascist atrocities. Democracy is no more than a scheme for sophisticated theft that suppresses progress through the legalization of universal plunder, producing poverty and suffering.
Fortunately, “Satoshi Nakamoto has created a form of property that can exist without relying on the state, centralized authority, or traditional legal structures.” — Eric D. Chason. Bitcoin embodies and enforces private property rights through economic incentive rather than political force and coercion; hence it is immune to democracy. |
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1. Avenue Securities serves Brazilians investing in the U.S. and will now cater to a growing demand for bitcoin among its customers. 2. FED bans its officials from trading bitcoin, stocks, and bonds. 3. Illinois, Georgia want to give tax cuts for bitcoin miners. 4. Ottawa court freezes $20 million in cash, bitcoin donated to truckers. 5. The short-term and long-term bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions. 6. As Western powers attempt to stifle free speech and protest, Bitcoin may be our only hope to incentivize cooperation. 7. How Bitcoiners can use time, price expectation and supply at a loss to explore great entry opportunities. |
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With Cryptocurrency Law Passed, Ukraine Is Now The Future Of The Global Bitcoin Market
By Sergey Tron The Verkhovna Rada of Ukraine, the country's parliament, has approved the proposed law "On Virtual Assets" with the recommendations of the president. The document was first proposed back in September of 2021, only to be vetoed and returned to the parliament along with suggestions from Volodymyr Zelenskyy, Ukraine's president.
With this new law in place, the Ministry of Digital Transformation plans to make the country a leader in the global cryptocurrency market. Even today, the country takes a spot in the top-five cryptocurrency leading countries with the daily volume of transactions of virtual assets estimated to amount to $150 million, and an estimated $2 billion of digital assets residing in the country.
As a vast sector of the economy comes out of the shadows with clear rules on how to operate, other countries might look at Ukraine and take them as an example. This could instigate Bitcoin game theory to accelerate in Europe. |
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 | | El Salvador's Freedom President Nayib Bukele |
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In this episode of Bitcoin Magazine LIVE: - Bukele, freedom, Bitcoin and tyranny
- Episode of The Break Up w/ Nolan Bauerle
- Weekly Bitcoin Mining Roundup
Don't forget to LIKE & SUBSCRIBE |
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By Bitcoin Magazine
Do not feed the whales. If you have been in bitcoin for enough time, you probably already understand that Bitcoin is here to stay, and the potential appreciation is massive compared to the potential draw down that the asset could experience in the short term.
Bitcoin is an accumulation game, and speculating on the short term often does not end well. Take care of your sats!
With love,
Bam |
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Keep on reading, keep on stacking. |
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