Hello Humble Bitcoiners!
Welcome back to your daily dose of Bitcoin signal. |
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| 📝 Today's Rundown Wrestling With The Truth: Surprising as it may be, Bitcoin’s history mirrors the history of mixed martial arts. An Appeal: Pierre Poilievre, a Conservative Party candidate for Prime Minister of Canada recently spoke about supporting bitcoin on the campaign trail. No Competition: The competition breaks the first rule that makes Bitcoin so powerful in the first place. |
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🤼♀️ WRESTLING WITH THE TRUTH |
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| This is an article in a series of excerpts adapted from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers. In this chapter, the history of mixed martial arts is brought to the table because it closely resembles Bitcoin’s history.
Before mixed martial arts, there was no way to know the advantages of certain martial arts over others or even worse, if it was actually useful and worth it to learn certain combat technique. Within the octagon, reason, practical knowledge and experimentation, numerous techniques from different disciplines are put to the test repeatedly to discover which one works better under certain circumstances. Bitcoin is like the octagon — it can test any kind of human organization, economic and political system under the same immutable conditions so that we discover the truth without anyone's influence.
Humanity has discovered a technology that resists and disincentivizes violence: Bitcoin. |
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Canadian Prime Minister Candidate Makes Appeal To Bitcoiners
By Shawn Amick Pierre Poilivere, candidate for Prime Minister from the Conservative Party and current member of the Parliament of Canada, is seeking to gain favor in the Bitcoin and broader cryptocurrency space.
Lately events in Canada have resulted in the country printing $400 billion in cash out of thin air, which has caused concerns amongst the population given the rising inflation.
"Government is ruining the Canadian dollar, so Canadians should have the freedom to use other money, such as bitcoin" – Poilievre
Pierre says it is time for the people to claim back their financial sovereignty in our existing system and he proposes: Ensuring the continued allowance of bitcoin Making cryptocurrencies be treated as commodities Working with provinces to alleviate contradictory rules |
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1. Sharing Bitcoin with people can sometimes be difficult, so here are some tips on how to do so.
2. Bitcoin meetups in India provide a way for Bitcoin users to gather and engage about a large collection of topics and meet people in various regions.
3. Peterson is set to speak at what will be the largest gathering of Bitcoiners ever in a celebration of sovereignty at Bitcoin 2022.
4. Improvements in Bitcoin Core have led to an increase in the speed at which a Bitcoin node can fully sync and process all the data being added to the blockchain.
5. The hosts of the “Bitcoin Magazine Podcast” discuss regulatory attacks on Bitcoin and the degradation of family values with Calvin Robinson.
6. Governments can try to stifle innovation, but open-source technology and engineering can help provide access to Bitcoin for everyone regardless. |
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Why Bitcoin Has No Competition.
By Bob Simon Some might say that Bitcoin is old tech, outdated and too slow to properly work as a global financial system. However, if you fully understand Bitcoin’s purpose and core ideology you should know that all those people discrediting the world’s most secure and immutable network don’t really understand it.
The crucial mistake of those saying that today's Bitcoin’s valuation is just the consequence of the first-mover advantage and that it can easily be replaced by something better (like what happened to MySpace and Yahoo) is the fact that they are comparing Bitcoin to a company or a product. Bitcoin is not an internet company or a product, Bitcoin is the internet of money and it will revolutionize the world of value just like the internet revolutionized the world of information.
The author of this article compares Bitcoin to Ethereum, other “faster” coins and other Bitcoin copies to demonstrate that Bitcoin has no competition. |
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| In this episode of Bitcoin Magazine LIVE: A debate between Aleks Svetski and Richard Heart An interview with Pete Rizzo An episode of Fed Watch An interview With The CEO Of Fold An episode of The Break Up with Nolan Bauerle Don't forget to LIKE & SUBSCRIBE. |
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By Bitcoin Magazine
The price has been pumping, and with all honesty, it feels good to be right. One can not really know what the short term price action will likely be, but under the premise of bitcoin becoming the next global monetary reserve where countries could mitigate their exposure on riskier foreign currencies, the potential is outstanding.
Even before a country decided to use it as a reserve, bitcoin's liquidity and transportability was more than attractive for international entities. For the first time, there is a tool they can use as a vehicle for international transactions, without the need of paying big exchange rate fees or having exposure on a foreign currency in order to pay off contracts.
One can simply buy bitcoin, pay a participant, and the participant can easily liquidate the bitcoin locally to have final immediate settlement.
It seems bears need to try harder.
With love,
Bam |
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Keep on reading, keep on stacking. |
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