Humble Bitcoiners!
It's Monday! Get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
The third ETF has launched today! Bitcoiners are definitely on to something... |
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| Today's Rundown: Degree: Bitcoin should be studied for a proper philosophy, politics and economics degree. CBDCs & Bitcoin: A future of digital assets is assured as governments look towards technology for economic progress... ATMs: Walmart deploys 200 bitcoin ATMs. Banks: Offering bitcoin services through NYDIG. |
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Why You Can't Have A PPE Curriculum Without Bitcoin
By Hans McCook
Bitcoin is a social phenomena, an incredible event taking place within our human society that has created collective modifications of behavior. There are rebellious underpinnings, and according to the author it should be study for degrees in philosophy, politics and economics. Bitcoin philosophical elements that are universal are alluded to in its founding document: Bitcoin is voluntary, and voluntary approaches are always superior to mandatory ones. Bitcoin is political when it comes to governance. Simply holding bitcoin does not make you a user or gives you influence. There is a symbiotic relationship between miners and nodes which allow the system to reach consensus and validate that rules are being followed. Bitcoin economics are based on a simple supply formula which states a fixed supply enforced by rules. "There is no doubt that teaching of Bitcoin philosophy, politics and economics should be included in any serious PPE programs that claim to be producing our next generation of leaders." - Hans McCook |
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BITCOIN MAGAZINE - GET 4 ISSUES/YEAR! |
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COVID-19 Is Accelerating Asia's Digital Future Of CBDCs And Bitcoin
By Flex Yang In the last months the topic of inflation is one that has been widely spoken about from mainstream media to dinner tables. In this article, the author makes a case that the global economy post pandemic looks definitely uncertain and inflation could possibly spike up to World War II levels.
According to the author, COVID-19 has become an accelerator for CBDCs and bitcoin. On one side the governments look for effective monetary policies that gives them more rights and control with less reliance on the dollar for trade, a path that has already started in Asian countries. On the other one, Bitcoin has become a strong store of value and hedge against inflation, and due to the current expansionary monetary policies, has gained popularity as a risk diversifier — the defacto tool to counter sovereign credit risk. |
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Click the links:
1. Bitcoin and crypto financial services firm Valkyrie Funds became the second firm to launch a Bitcoin futures-based ETF in the United States.
2. A conversation exploring topics from Aaron Segal's "The Revenge Of The Nodes", such as decentralization, declining fiat credit quality and Bitcoin as pristine collateral.
3. Digital property rights bring the connection between the internet and the economy into modernity.
4. The aggregate bitcoin futures open interest rise is slightly below all-time levels.
5. An examination of data that supports the increasingly discussed monetary replacement of the century — hyperbitcoinization.
6. Like the printing press before them, the internet and Bitcoin’s blockchain innovation are irrevocable forces driving the end of nation-state power.
7. Bitcoin is in direct opposition to the monopolies Illich envisioned as ensnaring the world economy through the financial access it provides.
8. Fiat money extends the debt cycle and traps citizens in ever-increasing inflation — but bitcoin forces a reckoning. |
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Walmart Deploys 200 Bitcoin ATMs In Its Stores
By Namcios
Walmart has started a pilot program to bring bitcoin purchasing capabilities to 200 Coinstar kiosks in some of their stores accross the U.S. This initiative comes as part of a broader cooperation between Coinstar, the producer of the bitcoin ATMs, and Coinme, a bitcoin exchange.
The optionality is increasing for the average person to be able to get ahold of bitcoin. It is often said that Bitcoin ATMs carry higher fees than the average cryptocurrency exchange, but at least it teaches people to hold their own keys.
"Bitcoin ATMs have been around for a while, including in many supermarkets.. Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, should they roll it out beyond an initial pilot.” - Sam Doctor, CSO and Head of Research At BitOoda |
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First Two Firms Roll Out Bitcoin Services Through NYDIG, Q2 Partnership
By Namcios Five Star Bank and UNIFY Financial Credit Union have now enabled their banking customer and members to buy, sell and hold bitcoin, through a partnership that started in June between NYDIG and Q2 Digital Banking.
Having the optionality of buying and storing the best asset of the century from the comfort of your own bank is a great benefit. With bitcoin's popularity increasing, and many wanting to get exposure to the asset, it becomes a honeypot for scammers to prey on the most vulnerable and naive players, but through these services, customers can be sure of having exposure in a secure way.
"We know that the opportunity for financial institutions is real, and that is why we’re so excited to have our first financial institution customers live on the Q2 Digital Banking Platform,” - Patrick Sell, CIO at NYDIG |
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By RD BTC
At this point, it seems inevitable. As bitcoiners we need to be conscious of the hard decisions nocoiners will face, and, if it is within our possibilities, stay humble and not say "I told you so".
We can do our part helping our friends so they do not go the the "salty" side.
Stack harder. |
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