Hello Humble Bitcoiners!
The military-industrial complex backing the US dollar uses 25x more energy than Bitcoin mining.
#BuyTheNumbers powered by HIVE Blockchain Technologies LTD. |
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📝 Today's Rundown - 💻 Mining Assets: As the price of bitcoin continues to struggle, investors are showing interest in buying distressed bitcoin mining assets.
- 💭 Bitcoin Fundamentalism: A sect of Bitcoin Maximalists known as Bitcoin Fundamentalists are taking over the movement. But is this fundamentalism a threat to Bitcoin or its greatest ally?
- 📱 Restoring Wasabi: A bitcoin wallet is using exit nodes that anonymously route traffic, rather than relying on the backend of Tor while raising funds to support the network.
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| Minerbase is the patent product of cMotion, providing cost-effective data center deployment solutions. Currently Minerbase has A, L and T series that stand for air cooling, immersion liquid cooling and thermal recovery. The cMotion team can help customize mining containers based on your specific needs. |
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Distressed Bitcoin Mining Assets Are Becoming Popular Investments
By Zack Voell The bitcoin price has stayed relatively flat lately. In congruence, hash rate keeps reaching new highs while hash price, essentially miner revenue, continues to drop. Staying in business is becoming harder by the hour.
But where some perceive doom and gloom, others see opportunity. A growing cohort of investors are pooling capital with the intent of lending to or investing in distressed mining teams. From investors that are totally new to the Bitcoin mining industry like Maple Finance, to experienced ones like Binance, financial behemoths are trying to seize the opportunity. |
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Bitcoin Fundamentalism: The Moral And Logical High Ground
By Aleksandar Svetski Fundamentals are important in every aspect of life. The basic principles of any system ultimately determine what can be achieved with it. When it comes to fundamentals, simplicity and elegance should be the norm. Complexity, on the other hand, is often the enemy of truth, and also of beauty and progress.
Many fraudulent systems are fundamentally complex and difficult to understand by default. The current financial system and shitcoins are great examples. They attempt to look intelligent or superior under the guise of complexity, but in reality, they use confusion to their advantage. Meanwhile, Bitcoin is quite the opposite — Bitcoin is simple by default. - 24 words.
- 10 minutes.
- 21 million.
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1. The bitcoin mining industry is under pressure as hash price reaches new lows, hash rate hits new all-time highs and the difficulty adjustment keeps going up. 2. The city seeks to establish itself as a financial hub by establishing a licensing regime in order to allow the retail trading of bitcoin and cryptocurrencies. 3. Rising movements to establish free, autonomous jurisdictions around the world are working alongside Bitcoin to establish parallel liberty. 4. The User Agreement lays out terms and conditions for services users are allowed to use with funds from PayPal, allowing the censoring of its customers’ money. 5. The problems of today are constantly criticized under the label of capitalism, but f iat money has warped free market interactions. 6. What does the path to hyperbitcoinization look like when governments worldwide start to notice their citizens adopting bitcoin? |
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Wasabi Bitcoin Wallet Releases Update To Restore Services Amid Tor Attack
By Shawn Amick Wasabi, the privacy-focused bitcoin wallet, has been relying on Tor for its CoinJoin implementation to allow users to claim back their anonymity. Unfortunately, the privacy protocol has been under a distributed denial of service (DDoS) attack for months, affecting Wasabi and other implementations using Tor's services.
Wasabi has now posed a solution to the problem through the use of exit nodes, or specific devices that direct traffic to the clearnet domain of the CoinJoin coordinator, instead of being connected to Tor's backend onion server.
With this solution, not only is all traffic still anonymized protecting the user's IP address, but the new process revealed increased reliability and frequency of CoinJoin rounds. |
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Bitcoin is the only alternative to the current financial system. But given how early we are in adoption, there is still an immense opportunity for asymmetric returns.
Stack harder,
Bam |
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Keep on reading, keep on stacking. |
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