Hello Humble Bitcoiners!

The price of bitcoin has been rather stable in the last week, hovering in the low $19,000 range. But our conviction is not built on the price of bitcoin — it is built on the fundamentals of the network. 
📝 Today's Rundown
  •  👻 The Curse Of Fiat: The structure of familial support has been replaced with the encouragement of rent seeking and reliance on government.
  • 🍄 Psychedelic Experience: The change in mindset and framing induced by learning about Bitcoin mirrors a psychedelic experience.
  • 🌎 Breaking World Records: Bitcoin now has multiple entries in the Guinness Book of World Records, including most valuable  and the first decentralized cryptocurrency.
Sponsored by:
It's not just about the Perpetual Swap at BitMEX - although they did create it. Users can also go long or short on Futures Contracts, featuring various coins and tokens, margined in Bitcoin. With BitMEX Spot, it’s possible to also buy and sell Bitcoin with instant settlement. Traders on the go can use BitMEX Mobile, where the functions needed to trade anywhere, at any time, are placed directly at your fingertips.
Learn More
👻 The Curse Of Fiat

Bitcoin Songsheet: Fiat Money Has Debased Having Children
By Jimmy Song

Under what kind of economic system are we living right now? The vast majority of the population would say that capitalism has won already. But has it?

Free markets do not really exist anymore, and socialism is stealthily creeping into our society. Nobody seems to be noticing it, but many of the characteristics of our current system have nothing to do with capitalism. 

As evidence, our current fiat system, Marxism and the ideologies of The Frankfurt School are all totally against the social core of our species: family. Fiat money and all the dependency on the government it created has been a cancer to the process of having children and it's no surprise that this is leading to civilization's collapse. To revert the debasement of families we need to fix the money.
Read Full Article

🍄 Psychedelic Experience

Turn On, Tune In And Take Charge With Bitcoin
By Yasin Chowdhury

Just like psychedelics, learning about Bitcoin induces drastic change in the human brain. Bitcoin exposes individuals to radically unique ideas, thoughts and words, and can change a person's belief systems forever.

Many who use psychedelics, report learning how to break old habits, heal trauma and change thought patterns that are latent in the mind. They describe it as making an old brain young again and allowing them to see the world with a child's eyes: unbiased. In other worlds, they allow you to see what your predisposed mind can’t under normal circumstances.  

Bitcoin is similar. With a responsible, well-educated and solid trip guide, it can expose the terrible decadence of our civilization and reveal everything that those in power don’t want you to see.
Read Full Article

📰 The Daily Bits
1. The EU is set to release draft legislation which would hinder the bitcoin mining industry while encouraging the use of proof-of-stake based cryptocurrencies.

2. Bitcoin unlocks incredible benefits for organizations which seek to create positive social change in the world.

3. Bitcoiners must break through the public's perception of money and introduce the new paradigm of bitcoin.

4. Erlay will bring bandwidth efficiency gains to Bitcoin’s peer-to-peer layer by changing the transaction relay protocol where full nodes share data.

5. Coinbase filed an amicus brief against the SEC to support Grayscale's spot Bitcoin ETF.

6. The number of addresses with over .01 bitcoin hit a new ATH.
Get the hat here!

🌎 Breaking World Records

Bitcoin Joins The Guinness Book Of World Records
By Shawn Amick

"Bitcoin was developed as a solution to the challenge of regulating a digital currency without any centralized organization," says the entry in the Guinness World Records. Bitcoin has officially been recognized in multiple entries.

Although not all of the definitions are properly described, it is interesting to see notable achievements of Bitcoin being recognized on a mainstream level. While not all of the entries are entirely positive, some of them truly are incredible to see:

  • First commercial Bitcoin transaction: Marked by Lazlo's pizzas purchase with 10,000 bitcoin.
  • First country to adopt Bitcoin as legal tender: El Salvador in 2021.
  • Most valuable cryptocurrency
  • Oldest cryptocurrency
  • First NFT
Read Full Article

MEME OF THE DAY 

By Lyn Alden

It can't be more clear...

"Commercial bank deposits are backed by central bank reserves and government bonds. Government bonds are backed by the central bank's ability to create reserves and buy those government bonds if needed. Cascading sovereign bond problems are at the core of the system." — Lyn Alden

Real money should be tied to reality, with a high energy cost for production.

Stack harder,
Bam
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking.
PODCAST   JOBS   SHOP
Copyright © 2022 BTC Media, All rights reserved.

View in Browser

You are receiving this email because you opted in via our website. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.