Why Governments Can’t Ban Bitcoin

Worried About A Ban? Then You Need Bitcoin More Than You Think Skeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies exert over us. What they fail to understand is the power of distributed open-source technologies and the game theory faced by governments when making these decisions. TLDR: Bans are ineffective—they merely cede global technological power to peers. Authoritarian governments are more inclined to attempt regressive regulations. If…

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Bitcoin Miners Made $1.7 Billion In April

The Bitcoin mining industry saw its second strongest month ever in April 2021, generating total revenue of $1,702,531,320, or $56,751,044 per day on average, as a spike in transaction fees helped make up for slight downward pressure on price. Total miner revenue per day in the month of April 2021. The strong total revenue figures can be partially attributed to the fall in hash rate that occurred earlier in the month, slowing the pace at which blocks were mined, leading to increasingly competitive (and expensive) transaction fees. Three-month view of…

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Ifunanyachi Achara Taking Bitcoin Salary

Yet another professional athlete has come out publicly in support of Bitcoin, and has joined the “Pay Me In Bitcoin” movement. Toronto FC forward Ifunanyachi Achara had already been buying bitcoin via Binance himself, but in February he finally made the jump to converting about half his salary to bitcoin via Bitwage, according to CoinDesk. “Learn #Bitcoin,” reads Achara’s Twitter bio, a sign that he really understands what Bitcoin has to offer. He knows that Bitcoin can help protect himself, but also his family back in Nigeria. “The rate of…

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Need To Know Taproot Signaling

Mining Pools Signalling For Taproot The latest Bitcoin network difficulty adjustment was the most significant one in quite some time. Besides being a -12.6% downward adjustment — unprecedented during a bull market, and one of the largest downward adjustments in Bitcoin’s history — it also marked the beginning of the signalling period for Taproot activation. A few hours after the adjustment, Slush Pool mined block 681,458 with the version bits 0x2f900004 — the first block signaling support for Taproot. What followed was a wave of support from throughout the Bitcoin…

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Bitcoin Illuminates Inflation Prices – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Rule III: Do Not Hide Inflation in the Fog A reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin. Preface This writing mirrors the exact chronological structure of “Beyond Order,” offering reflection through a Bitcoin lens. This is part 3 of a 12-part series. If you read the book, it adds a second dimension. All quotes credited to Jordan Peterson. All reflections inspired by Satoshi Nakamoto. Those Damned Plates “Do not pretend you are happy with something if you are not, and if a reasonable solution might,…

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The Seven Primal Elements Of Bitcoin

The Seven Primal Elements Of The Bitcoin Brand People tend to be dismissive about new forms of money. This makes absolute sense because the value of a monetary asset resides primarily in the fact that other people are already using it. In this sense, any attempt at introducing a new form of money into the world has very slim chances of succeeding. In modern world history, governments have had a monopoly over money creation initiatives. Just imagine how everybody would react if a new monetary asset were to show up.…

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Bitcoin Price Will Go Parabolic In 2021

The price of Bitcoin has been consolidating for the last two months, and on-chain analytics and historical precedent suggest that Bitcoin is a caged bull below $60,000, ready for the next leg of parabolic price appreciation. Halving Cycle Dynamic: Three Stages Of A Cycle Source Many are familiar with the correlation between bitcoin’s supply issuance halving and the price action, but digging deeper can provide context to where bitcoin is in the current cycle, and what the future price action may hold. The previous two bitcoin bull runs paint quite…

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Making Bitcoin Easy With Liquality

Watch This Episode On YouTube Listen To This Episode: This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Simon Lapscher, the CEO of Liquality wallet. Liquality is a very interesting wallet because it is focused on atomic swaps. In particular, it is focused on atomic swaps with Bitcoin. Liquality makes it possible for your bitcoin to swap into any other currency that they support, trustlessly. One of the key user groups of Liquality wallet is Bitcoiners looking to leverage the RSK blockchain. Liquality makes it easy,…

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Reimagine Your Life With Bitcoin

Rule II: Imagine Your Life With Bitcoin, Then Aim Single-Mindedly at That A reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin. Preface This is part 2 of a 12-part series. This work follows the chronological order of “Beyond Order.” Each piece represents one chapter and the corresponding subtitles below match the subtitles in the original work. If you own the book, it adds a second dimension. This writing mirrors the ideas in “Beyond Order,” offering reflection through a Bitcoin lens. All quotes credited to Jordan Peterson.…

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Interview: Turning Data Into Value With Eric Weiss

Watch This Episode On YouTube Listen To This Episode: This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Eric Weiss, CEO of the Bitcoin Investment Group Fund (BIG Fund). Weiss was early to Bitcoin and saw its potential as an alternative store of value over the internet immediately and he was the person that helped introduce Michael Saylor of MicroStrategy to Bitcoin. Weiss and Saylor are long-time friends and it was during the initial fallout of the COVID-19 lockdowns when bitcoin as a money outside of…

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