Hello Humble Bitcoiners!
Welcome back to your daily dose of Bitcoin signal. |
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| 📝 Today's Rundown Onboarding One Billion: Bitcoin education is a key part of onboarding the unbanked citizens of Africa who increasingly look to Bitcoin as their monetary network. Future On Bitcoin: The death of Democracy is around the corner — what will replace it? As Bitcoin changes the very fabric of society, we’ll need new modes of governance and coexistence. Going Nuclear: Exploring how Bitcoin’s non-confiscatable nature will introduce a paradigm shift in dispute resolution and the civil justice system. |
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Onboarding One Billion People Onto Bitcoin
By Ray Youssef Ray Youssef has been a vocal bitcoin evangelist who believes that Africa will lead global Bitcoin adoption — and perhaps he is not wrong. In the latest report of chainalysis, it shows that the market has grown over 1200% with Kenya, South Africa and Nigeria all leading the movement.
In a place where nearly 60% of the population is unbanked, simultaneously battling against rising inflation and high transaction fees for cross border payments, it is clear that the continent has long been primed for an alternative solution — primed for Bitcoin.
Naturally the path to get here is through education and because it is important to continue the momentum of this growth, Paxful has decided to donate 500 tickets to Bitcoin 2022, happening April sixth through the ninth. |
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The Future On A Bitcoin Standard - Bitcoin Is Not Democratic Part Four
By Aleksandar Svetski Every day that goes by, the world’s awareness of the importance of Bitcoin increases. Countries increasingly evaluate the effect that a decentralized, scarce and unstoppable monetary standard can have inside and beyond their border lines. Bitcoin has already been declared legal tender in El Salvador and it appears that other countries are considering the same path. Even some U.S. states are rushing toward legislation.
The most recent country discussing the legalization of Bitcoin is Malaysia: “We are trying to see how we can legalize [Bitcoin and other cryptocurrencies] so that we can develop youth participation in crypto and assist them,” Malaysia deputy minister said. However, the Malaysian Central Bank is also looking into a central bank digital currency. |
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1. “Bitcoin is Venice” is a masterful book that conveys economic ideals and bitcoin in imaginative and easily digested ways.
2. Crypto.com is officially the exclusive cryptocurrency trading platform sponsor for FIFA World Cup Qatar 2022.
3. Ray Youssef, the CEO of Paxful, is traveling the world to enable global entrepreneurs with the power of peer-to-peer collaboration.
4. Wall Street bank Cowen, to offer spot bitcoin trading instead of futures trading.
5. Thailand announces "medium of payment" ban for bitcoin and cryptocurrencies.
6. Trammell Venture Partners is pooling Bitcoin-focused institutional investors into a feeder-fund focused on Bitcoin and Lightning network development.
7. Different Bitcoin wallets have multiple options for whether to send an on-chain or a lightning payment which can be confusing to inexperienced users. |
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Going Nuclear: The Civil Justice System And Bitcoin Dispute Resolution Paradigm
By Aaron Daniel Humans are conflictive by nature but, fortunately, we are also rational and devised the civil justice system to settle disputes based on evidence and arguments instead of crude violence, through a process supposedly in favor of fairness and peace. To do so, the civil justice system focuses on compensation, not vengeance and it has the authority to force capital intermediaries (banks) to shift value from a liable party to the injured party.
The author of this article discusses how a seizure resistant store of value, like Bitcoin, will force the civil justice system to adapt; the possible changes we might see in it as hyperbitcoinzation takes place and the problems we might have to face as a society so that conflicts get resolved in an impartial, honorable and peaceful way. He also talks about the importance of privacy in a world where coercion becomes the norm. |
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| In this episode of Bitcoin Magazine LIVE: An episode of Bitcoin Book Club with Alex Gladstein An episode of The Break Up with Nolan Bauerle Don't forget to LIKE & SUBSCRIBE. |
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By Simply Bitcoin
Along the Bitcoin journey, it is natural to see alt coins pop up and disappear, making nothing more than big promises and selling a vision or idea. That idea may feel attractive as we associate "innovation" with high percentages of potential return, as we all know bitcoin experienced in its first couple of years.
The truth is that many, if not absolutely all of them, are taking the investors for a ride. Many sell an unfinished product as a way of funding their project, while keeping a large percentage of the issuance and playing the seigniorage game, all while dumping the illiquid tokens onto its few investors.
A hard thing to understand after investing into some of these projects is that it comes down to one simple thing: Bitcoin is money, and most of the other projects don't even need a blockchain.
"Don't get taken for a ride." - Simply Bitcoin
With love,
Bam |
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