Hey Bitcoiners! Going forward, Weekly Bits is going to have a "bit" more content than the usual deliveries from Bitcoin Magazine.

We feel that our readers need to know a little bit more about what's going on in the world of Bitcoin. This includes (but is certainly not limited to) Bitcoin news, hash rate updates, price updates, news outside of Bitcoin that also matters, and an evergreen article here and there as well. So sit back, grab a drink, and get synced up with the latest in Bitcoin this week. 
In this week's episode of the Bitcoin Magazine Weekly Bits podcast, editors Peter Chawaga and Christie Harkin discuss the evolution of bitcoiners in recent years, a proposed sandbox platform for easier Bitcoin development and growing services that offer to pay interest on your HODLings...in exchange for custody.


Lightnite: Like Fortnite — But With Bitcoin, Powered by Lightning
by Vlad Costea

On October 19, 2019, the team behind video game portal Satoshi’s Games presented Lightnite: an online multiplayer third-person shooting game whose microtransactions are entirely powered by the Lightning Network. This is the grandest and most ambitious project of the team thus far, and it promises to bring more bitcoin adoption to the video game community.
READ MORE

Top Bitcoin Magazine Artices

Op Ed: Stablecoins Report Illustrates That G7 Leaders Don’t Understand Bitcoin

By Kyle Torpey

Signet Could Give Bitcoin a More Stable, Predictable Testnet Option
By Tony Sanak

Opera Launches Support for Bitcoin Payments on Its Android Browser
By Jimmy Aki

Living on Bitcoin in Europe: From Amsterdam to Prague, No Cash Required
By Colin Harper
Bitcoin Fundamentals
The price of bitcoin is down over 6.3% on the day, and is -7.99% on the week.
The Bitcoin hash rate has once again reached an all-time high of 109.3 exahashes per second.

Tweet of the Week
Dan Held, a well-known bitcoin investor who has seen more than one bitcoin cycle, urges Bitcoiners to hang tight and HODL amidst a week of Bitcoin losses. 

Non-Bitcoin News That Matters

Libra: Mark Zuckerberg testifies before Congress about embattled cryptocurrency 
Source: The Guardian

Fed Adds Temporary And Permanent Liquidity To Financial System Tuesday
Source: WSJ

Chile Learns the Price of Economic Inequality
Source: NYT
Rabbit Hole Read Of The Week

This week's Rabbit Hole Read is Nick Szabo's Shelling Out: The Origins of Money, written back in 2002. This is a must-read in the journey to understanding why bitcoin is valuable. In order grasp why bitcoin has intrinsic value, it is crucial to learn about where money came from before it was distributed by central banks. 

Abstract:
"The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression."
 
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