🖥️ SATOSHI'S HEEL

Satoshi’s Heel: Is Mining Infrastructure A Vulnerability That Could Take Down Bitcoin?
By Bob Burnett

It would be correct, at the moment, to say that the bitcoin mining industry is fairly decentralized. Anyone can plug in and utilize hash rate at home to acquire bitcoin, and as of now there isn't a single large enough mining site dependent on a single energy source that could suddenly be stopped and therefore damage the network. Even when China banned bitcoin mining in 2021 and 50% of hash rate abruptly vanished, the network overcame the issue rapidly without any long term damage. 

In this piece, however, the author envisions a series of events that would lead bitcoin mining to become centralized to a degree that could place the network in danger. Governments and institutions are becoming interested in the industry and are starting to invest amounts that independent miners will never be able to match. That could lead to single mining sites holding a high percentage of hash rate that, if stopped abruptly, could damage the networks ability to facilitate transactions.

The author of this article describes the “Night Terror” and “Nightmare” scenarios, events that could occur if hash rate becomes truly centralized. 

How I Became Homeless, Then A Sats Millionaire
By Mark Moss

If you have also felt that the current global social climate is insanity, you are not alone. Humanity seems to be more divided than ever and mainstream media seems to be actively facilitating the division by telling us that we must fight against one another because of race, sex, sexual preference, financial position and now vaccination status. 

Present-day social divisions give the impression that a large segment of society has been literally brainwashed or completely hypnotized. It might sound like a movie script, and that accomplishing something like that must be impossible — but Dr. Mattias Desmet, who has a doctorate in both clinical psychology and also statistics, affirms that humanity is currently in a state of “mass formation psychosis," a condition that occurs when someone manages to literally hypnotize a large portion of a society.

Mass formation psychosis has happened before in history, but never as extensive and dangerous as the ongoing magnitude. The author of this article discusses this issue deeply and reviews Bitcoin’s attributes that can help fix and overcome the current mass hysteria.

📰 THE DAILY BITS

🌏 BRAZIL STEPPING IN

Brazil Takes First Step To Regulate Bitcoin
By Namcios

The Brazilian Senate's Economic Affairs Committee (CAE) approved a bill to acknowledge and regulate the bitcoin and cryptocurrency markets in the country.

With unanimous approval of the bill by Senator Flávio Arns, jointly crafted with the central bank, Securities Exchange Commission and Brazilian federal tax authority, this is an initial step towards a bill attempting to set ground rules for day-to-day usage of bitcoin in financial transactions and as an investment asset.

If everything goes well, the bill could be expected to come to a vote in the House by next week before the President considers signing it into law.

Taking a step back, this would have been unprecedented news a year ago. Today, it appears to become more and more normalized that regulators throughout the world are considering bitcoin as an asset that provides value to society.

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