Interview: The Philosophy Of Bitcoin With Professor Craig Warmke

Professor Craig Warmke joined the “Bitcoin Magazine Podcast” to discuss Bitcoin philosophy. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with a professor of philosophy at Northern Illinois University, Craig Warmke. Warmke is quite unique in academia because he has fallen deep down the Bitcoin rabbit hole. As a scholar in philosophy, ethics and human nature, Warmke is fascinated by Bitcoin’s incentive structure and the implications of Bitcoin on society. Warmke…

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Bitcoin Power: The Energy Of A Money

Energy production and its surrounding industry will experience a major shift in operations as Bitcoin becomes a driving force of profit. The energy sector is seeing a complete paradigm shift: Bitcoin’s monetary network effect Monetization of energy Leads to an arms race of energy tech becoming more and more efficient and productive Cheap energy production allows for cheap energy utilization Cheap energy utilization allows for cheap manufacturing, mineral mining and product R&D Photo by NASA on Unsplash Bitcoin Ripples and splashes are being made in the financial realm. Since its…

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First Bitcoin ETF In North America Reaches $1 Billion In Assets

After breaking trading records, the Purpose Bitcoin ETF has hit $1 billion in assets, signaling strong interest from the market. Purpose Investments Fund launched a bitcoin exchange-traded fund (ETF) earlier this year, the first-such product to receive regulatory approval in North America. Since then, it has demonstrated an incredible appetite for such a product, breaking records in its first few weeks and now accruing $1 billion in assets. “Less than two months after launching, the first North American Bitcoin ETF already reached $1 billion … in assets,” Bloomberg reported. “The…

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$623 Million In Stolen Bitcoin From 2016 Bitfinex Hack Has Been Moved

More than 10,000 BTC stolen from cryptocurrency exchange Bitfinex in 2016 has been moved to a new address. According to blockchain analysis service Whale Alert, 10,057 bitcoin (worth some $623 million at the time of this writing) that were stolen from cryptocurrency exchange Bitfinex in 2016 was transferred in a series of transactions yesterday. Whale Alert shared the transactions across more than 60 tweets within one hour, all with the note that it was seeing “stolen funds transferred from Bitfinex hack to unknown wallet.” The 2016 theft from Bitfinex totaled…

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F2Pool Encodes Money-Printing Headline Into First Post-Coinbase Listing Block

In an echo of the Bitcoin Genesis Block, F2Pool encoded a money-printing headline into the first block it mined after Coinbase went public. Bitcoin mining pool F2Pool memorialized Coinbase’s first day of public trading with a nod to Bitcoin’s Genesis Block, encoding the text “NYTimes 10/Mar/21 House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill” into the first Bitcoin block it mined yesterday. The message was taken from a New York Times headline reporting a recent stimulus package that would necessitate rampant money printing. It echoes the message that…

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Coinbase Reaches $85.7 Billion Valuation After First Day Of Trading

After its first day of trading as a publicly-listed company, cryptocurrency exchange Coinbase settled at a $85.7 billion valuation. Major cryptocurrency exchange Coinbase settled at an $85 billion valuation following its first day of public trading on Nasdaq, per The Wall Street Journal. “Shares of Coinbase, the first major bitcoin-focused company to test the U.S. public market, opened at $381 on the Nasdaq Global Select Market,” according to the report. “They rose as high as $429.54 in the first few minutes of trading and ended the session at $328.28.” Coinbase…

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Bitcoin Is A Trojan Horse For Freedom

While bitcoin is powerful Number Go Up technology that appeals to self interest, it’s also creating fortresses against authority in cyberspace. In Book II of Virgil’s epic poem “The Aeneid,” one of the most iconic plotlines of classical mythology unfolds with trickery and subterfuge. The Greek forces, having failed to capture the City of Troy after a decade-long siege, attempt an ultimate attack on their enemy not by strength, but by guile, through a clever plan hatched by Ulysses. In the fields outside of Troy’s impregnable walls, the Greek army…

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Major Swiss Insurer Now Accepts Bitcoin

Swiss insurance giant AXA is offering a bitcoin-based payment option to meet growing demands for this alternative from its customers. Bitcoin adoption as a method payment is rising globally and the latest institution to embrace this development is Switzerland-based insurance giant, AXA. The Swiss-based insurance company announced that it would now accept the leading cryptocurrency as a payment option for its customers to pay for all of its non-life products. “AXA is the first all-lines insurer in Switzerland to allow its customers to pay their bills with bitcoin,” per the…

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What Does Coinbase’s Listing Mean For Bitcoin?

Coinbase’s direct listing legitimizes bitcoin in the global financial, legal, and political landscapes. The financial press will cover the Coinbase story from many angles. However, the greater conclusion to garner from this chronicle in Bitcoin’s history is the following: Coinbase’s direct listing further incorporates Bitcoin into the worldwide financial landscape and will act as a deterrent to any potential future U.S. government action against Bitcoin, such as a ban. Ultimately, this listing represents an important step towards the legitimization of bitcoin as a mainstream financial asset. Coinbase is not without…

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Speedy Trial Has Been Merged Into Bitcoin Core, Potentially Setting Path To Taproot Activation

Speedy Trial has been merged into Bitcoin Core, offering a path toward the Taproot protocol upgrade is miners signal their overwhelming support. According to a GitHub pull request, a BIP 9-based implementation of Speedy Trial has been merged with the code for Bitcoin Core, offering a potential path for activating the much-anticipated protocol upgrade Taproot. As the Bitcoin Core dev community has debated the best way of implementing Taproot, which would add smart contract flexibility and privacy to Bitcoin, Speedy Trial has emerged as a potential solution. “Speedy Trial would…

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