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Concerning Ordinals
By Mark Goodwin                       

Mark Goodwin's latest discusses the recent introduction of Ordinal theory to the Bitcoin blockchain, and all the surrounding controversy about its implications. 

Since becoming popular, great debate has been had on the ramifications for bandwidth, storage and "spam" on the Bitcoin blockchain. Some argue that Ordinals' enabling of inscriptions have created insidious incentives for block space usage, while others have argued that this is functionally incorrect based on Ordinals' technical implementation. 

If you find yourself wondering what to believe and how to operate your node, Goodwin's explanation can serve as a useful educator for yourself, and for others. 

🔑 Market Keys

PRO Market Keys Of The Week: 2/6/2023
By Bitcoin Magazine PRO

The bitcoin market and industry can be a confusing place, with various moving parts and constant changes. Bitcoin Magazine PRO is designed to keep you informed and well-aware of the developments in Bitcoin. 

"Stablecoin supply has gone from contracting to nearly constant," the report reads. "Bitcoin miners are getting some relief with the increase in exchange rate. Global liquidity and higher interest rates are on our radar."

There has been a shift in global liquidity due to the People's Bank of China liquidity injections. The current rally in bitcoin may be the largest rally in the bear market, but caution and patience are still advised.

The market expectations for interest rate cuts in 2023 have begun to reprice, leading to a possible readjustment of rate expectations higher. Short-term interest rates are catching notice, with yields on sovereign debt looking likely to break 2022 highs.

📰 The Daily Bits

🇵🇹 Onboarding In Portugal

What I’ve Learned Onboarding Merchants In Portugal To Bitcoin
By Holly Young

An expat Bitcoiner in Portugal, Holly Young, is working to educate merchants in the area on how to use the Lightning Network to accept Bitcoin payments.

She held a workshop in Monchique, a mountain town in the Algarve region, to teach merchants and small business owners about the benefits of Bitcoin. The attendees were interested in eliminating credit card fees and having the correct change, which is a source of stress in the market.

Despite some initial resistance, several merchants have reached out for follow-up sessions. The goal is to connect the merchants with the Bitcoin community and vice versa.

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By @BitcoinMagazine

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