Hello Humble Bitcoiners!
The price looks volatile right now, and there is fear in the markets — but don't forget the development and progress always keep on going. This is a marathon we should all run together, a fight for freedom and the future is looking bright.
So let us seek refuge in our daily dose of Bitcoin signal! |
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📝 Today's Rundown - The Future Looks Bright: Bitcoin adoption around the world is taking shape, helping people in emerging markets.
- Self Love: Does Bitcoin make you a better person? An exploration into personal development through Bitcoin, inspired by Jordan Peterson’s fourth rule.
- For Latin America: The trustless nature of Bitcoin allows tremendous societal growth and development in places with low trust in the government and institutions.
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🍊 THE FUTURE LOOKS BRIGHT |
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The Future Looks Bright For Bitcoin
By Ray Youssef This year’s Bitcoin 2022 Conference in Miami was full of inspiring conversations that revealed the bright future Bitcoin and humanity has to look forward to. Several panels during the conference focused on global adoption and the importance of building products for real people and for real use cases.
Some of the most interesting were the following: - The first African Bitcoin conference will take place in Ghana in December 2022.
- Bitcoin can solve the challenges that prevent individuals from trading and doing business with other countries within Africa, like high transaction fees or transfer delays.
- Bitcoin can allow for financial freedom in Cameroon, a country where the French have financial control via the CFA franc.
- Bitcoin works the same for everyone, a necessary feature for the more than 70% of people that are unbanked in Africa.
- Bitcoin’s intersection between human rights and money leads to a brighter future for the oppressed and combats the limitations of remittances and government control.
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Bitcoin, Personality And Development - Bitcoin Is Self-Love Part One
By Aleksandar Svetski Bitcoin not only has the potential to change the way we experience value, economics and finance; it can also change the way humanity behaves. This revolutionary and disruptive cryptographic discovery will change society for the better, forever. Progress, innovation and growth will be renewed with the best monetary standard we have ever had.
Our personalities will change gradually for the better as we will no longer have to worry about how we will store the product of our labor, our well-deserved wealth, over time. We won’t have to worry about monetary corruption or the risk of confiscation or devaluation and by lowering the uncertainty of the future, the incentive for humans to center their lives around the current moment will be extended to caring for themselves in the long term.
By removing the ability to create “value” out of nothing, you force the world to work and prosper properly again. For that reason, Bitcoin makes you a better person; Bitcoin is self-love. |
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| Latin America is one of the regions of the world with the most growth potential. Its variety of resources is incomparable and its people are hard workers that are also thirsty for opportunities and progress. However, government, institutions and trust are a massive issue in the area.
While developed nations have the comfort of saying that “business is business,” in trust-reliant societies “business is personal” since people know that they are alone and are often without justice. Bitcoin could make a massive change in this kind of society and remove the trust factor of transactions entirely.
A trustless transactional system built on sound money that cannot be reversed, confiscated or inflated away fixes many of the fundamental obstacles to widespread Latin American economic development. The people of Latin America will finally be able to keep the fruits of their labor over time, encouraging progress. |
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By Bam
With all the fear going on in the markets, just as the FED has increased interest rates, it is natural to see an effect on the price of bitcoin, but as the saying goes:
When in doubt, zoom out.
The fundamentals continue to remain strong, as we can see in the charts. Even though the price is moving around 50% lower than the historical all time high (ATH) we can still see: -
An ATH of 64.9% of the bitcoins (and growing) are intentionally being "HODLed" for more than a year. Keep in mind that these people could have sold for $58,000 a year ago, experienced a draw down to $29,000, then an appreciation to $69,000, and another draw down to $34,000 without flinching. -
Hash rate is at an ATH, with new machines being plugged in on a daily basis, as miners become increasingly creative in how they acquire cheaper energy and build bigger infrastructure. -
The amount of addresses with a balance — which could be considered adoption — continues to increase.
It is just a matter of lowering our time preference; the path is paved, we just need to continue moving forward.
With love,
Bam |
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Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
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