Hello Humble Bitcoiners!
Each day we are fortunate to bring you incredible Bitcoin content to consume — enjoy!
|
|
| 📝 Today's Rundown 📱 Validators, Not Miners: Calling bitcoin miners bitcoin validators will improve the public's perception on proof-of-work (PoW) and prevent the framing effect from occurring. 💡 Enhancing Customer Exp: Bitcoin is a powerful tool for businesses and services seeking to operate on the best monetary standard for their customers. 💸 Srike Closes $80M: The funding round led by Ten31, Washington University and the University of Wyoming enables Strike to expand its products and acquire new business partners. |
|
|
| Connecting People, Policy and Bitcoin Join us at the South Carolina Bitcoin Blockchain Conference on October 5-7 in Charleston, S.C. to explore the change and promise the Bitcoin industry is already bringing to South Carolina and the world. Topics include economic development, education policy guidance and fostering investment in South Carolina. |
|
Bitcoin Miners Don’t Exist – But Bitcoin Validators Do
By Doc Sharp It is a shame that proof-of-work (PoW), one of the most disruptive discoveries of all time, is being attacked and criticized by the mainstream media and even those in the wider cryptocurrency industry. Those that celebrate Ethereum's change from PoW to proof-of-stake (PoS) certainly don’t understand the implication of such modification.
They celebrate the claimed reduction of up to 99.5% in energy usage. However, they fail to see that a centralized public cryptocurrency's energy usage, even if tiny, is 100% wasted as the network has failed. Because of that, it is important to let people know that every kWh used by the Bitcoin network is not being wasted at all — it is ensuring its decentralization and securing the best form of money we have ever had. Reframing the concept of Bitcoin miners to Bitcoin validators could come handy in achieving that. |
|
💡 Enhancing Customer Experience |
|
How Using Bitcoin Enhances Customer Experiences
By Frankie Wallace Regardless of the price action of the last few months, Bitcoin, the network, has been working as intended since its inception. It has always been a non-governmental money alternative that functions autonomously, in a decentralized manner, is unstoppable, incorruptible, permissionless and at the same time verifiable.
Independent of its price against the worthless fiat currencies, it is already a great tool for businesses and services seeking to offer better experiences to their customers. Ultimately, it is the best monetary standard we have ever had and it benefits anyone using it, both businesses and customers.
Bitcoin has the potential to provide customers with a level of personalization impossible with traditional monetary systems, empowering them and at the same time enhancing their protection. |
|
1. Shelter is the highest part of the consumer price index and it is a lagging indicator, meaning prices may have already reached their highest.
2. Bitcoin Policy Institute details the authoritative actions of China and the likely authoritarian regime that will come in the wake of a CBDC, says bitcoin is the alternative.
3. Without responsibility, freedom is meaningless. So Bitcoin is not just freedom money, it is responsible money, powered by RGU technology.
4. Several mining entities have attempted censorship attacks on the Bitcoin network. Does the practice pose a threat to its permissionless ethos?
5. Implementing a CBDC would not only negatively impact the U.S. economy, but is literally beyond the capability of the government.
6. Bitcoin users are an intolerant minority who will quickly mobilize if they think that forthcoming legislation is unfavorable or unfair to Bitcoin. |
|
|
Strike Closes $80 Million Funding Round For Its Bitcoin Payments Revolution
By Shawn Amick Strike, a leading payment provider operation on the Lightning Network, has raised $80 million in a series B funding round led by Ten31, a bitcoin-focused investing firm.
The funding follows Strike's release of an open application interface (API) which was initially announced at the Bitcoin 2022 conference in Miami. The API allows payment provider companies to facilitate bitcoin and fiat payments across the Lightning Network.
“We can empower businesses to move money in ways networks such as card networks and SWIFT can’t, and we pay these partners in the form of commissions to do so, which makes it an exciting innovation for everyone,” — Jack Mallers, CEO of Strike |
|
For a moment, we felt like wizards yesterday. But our conviction comes not from the movement of the price, but the fundamentals that make Bitcoin so special!
Stack harder,
Bam |
|
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
|
|
|
|
