Why Bitcoin Eats Altcoins For Lunch

Other cryptocurrencies have no chance at all in competing with the monstrously large Bitcoin network. Mimesis Capital: Inside The Event Horizon, Report #16 Bitcoin Versus Ethereum And Other Alts It’s been “alt season” for the past couple months. Bitcoin has remained situated around $50,000 while Dogecoin, Shiba Inu and Ethereum are soaring. While short-sighted gamblers like to make bets on the next big dog meme coin, it’s important to review the basics of why bitcoin has accrued value and compare bitcoin to other tokens. Bitcoin is the best monetary good.…

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Bitcoin Information Theory: B.I.T.

Entropy, a natural phenomenon, is closely related to money and information energy — Bitcoin as information is a reduction of entropy. When Buckminster Fuller was asked by a 12-year-old boy how he would suggest solving international problems without violence, he answered: “I always try to solve problems by some artifact, some tool or invention that makes what people are doing obsolete, so that it makes this particular kind of problem no longer relevant. My answer would be to develop a world energy grid, an electric grid where everybody is on…

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DBS Private Launches Asia’s First Bank-Backed Bitcoin Trust Services

DBS Private Bank has launched a bank-backed trust to manage bitcoin for clients, the first such product in Asia. DBS Private Bank has launched the first bank-backed cryptocurrency trust in Asia, which will allow private banking clients to invest in and manage bitcoin, according to a Bloomberg report. Per the report, the trust services are built on DBS Digital Exchange and it would be offering cryptocurrency services to private banking clients for asset management, including for ether, bitcoin cash and XRP in addition to bitcoin. DBS Exchange was launched in…

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Argo, DMG Blockchain Join Group Promoting Bitcoin Mining Decarbonization

Bitcoin mining firms DMG Blockchain Solutions and Argo Blockchain have joined an accord promoting industry decarbonization. Bitcoin mining companies Argo Blockchain and DMG Blockchain Solutions have partnered with the Crypto Climate Accord (CCA) to promote industry decarbonization. Per a press release, in conjunction with CAA, both firms are developing a new working group to articulate the accord’s objectives, while looking to increase the transparency of the renewable energy sourcing of cryptocurrency mining operations using new technologies. The CCA proposes several objectives to bring down the carbon emissions within the bitcoin…

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BlackRock Chief Investment Officer Rick Rieder Thinks Bitcoin Is Durable

Rick Rieder, a chief investment officer for major asset manager BlackRock, recently touted many positive attributes of bitcoin. Rick Rieder, BlackRock’s chief investment officer of global fixed income and head of the global allocation team, recently made notably positive comments regarding Bitcoin during an appearance on CNBC’s “Squawk Box.” “Bitcoin is an interesting asset,” said Rieder. “I think it’s durable. I think it will be part of the investment arena for years to come.” Rieder was asked his opinion on Bitcoin in light of Elon Musk’s recent announcement that Tesla…

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Bitcoin Miner Greenidge Generation Commits To Being Carbon Neutral By 2021

Greenidge Generation has announced it will offset all greenhouse gas emissions from its bitcoin mining operations by June 2021. According to a press release sent to Bitcoin Magazine, Greenidge Generation Holdings’ bitcoin mining operations facility in Upstate New York will be entirely carbon neutral by June 1, 2021. “Greenidge will purchase voluntary carbon offsets from a portfolio of U.S. greenhouse gas reduction projects,” according to the release. “Each project has been reviewed and certified by one of three well-recognized Offset Project Registries … ensuring that any projects funded by Greenidge…

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Colonial Pipeline Pays 75 Bitcoin Ransom To Hackers

Major U.S. oil pipeline system Colonial Pipeline paid a requested 75 bitcoin ransom to hackers who took control of its data last week. Colonial Pipeline has paid 75 BTC (around $5 million at the time of writing) to recover data stolen in a ransomware attack committed by hacker group DarkSide, reported Bloomberg. Colonial is the largest pipeline system for refined oil products in the U.S. The system runs from Texas to New Jersey and spans 5,500 miles, transporting around 45% of fuel consumed on the East Coast. However, the ransomware…

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Argentina Authorities Require Bitcoin Exchanges To Provide Transaction Data

Government authorities in Argentina are requiring cryptocurrency exchanges in the country to provide monthly data on users and transactions. Despite various anti-free market policies discouraging bitcoin use in Argentina, adoption has continued to accelerate in the capital control-stricken country. In the government’s most recent move, the Federal Administration of Public Revenue (AFIP), essentially the Argentinian version of the Internal Revenue Service (IRS), has ordered all cryptocurrency exchanges operating within the country to file comprehensive transaction data on their customers every month, according to a report from local outlet Bae Negocios.…

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Bitcoin, Hierarchy And Territory

The first chapter of Jordan Peterson’s “12 Rules For Life” relates to Bitcoin socially, evolutionarily, economically and psychologically. 12 Rules For Life Series, Essay One This article was previously published on Medium.   Foreword I’ve been an avid reader and student of philosophy, psychology and other related topics since my early teens. My uncle first influenced and introduced me to thinkers like Aristotle, Alexander the Great, Plato and Socrates, and as I grew older, I discovered many others. Some helped me understand the world and human beings better (Robbins, Taleb,…

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Bitcoin, And A Limitless Existence

The limitations of the physical world and the limitless experience of information is combined in Bitcoin. Limitations Of The Physical World If you were to ask a stranger, “What are the properties of a physical object?” They would likely say it can be touched, it has volume and mass, and is made up of atoms. If you were to ask about its limitations, they might say it must travel a physical path to move from point A to point B (no teleportation); it cannot be given to a person without…

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