The Bitcoin Rorschach Test

Bitcoin as an idea can be thought of, like a Rorschach test, as the interpretation of the particular context it presents. TXID: cdd8014a379a8731fc9e9ba1fef8954ccda9e8300356c6f198144dee11bcdd36 Image source We would like to think of ourselves as masters of technology. We are the craftsmen, practitioners and creators. This assumption underpins many of our accepted models for understanding history. It’s a comforting way to view the world, with humanity and its heroes as the authors of our destiny. What is a far more uncomfortable truth is that technology equally creates and influences us, and molds…

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The American Dream Is Dead And Bitcoin Has Replaced It

The American dream of owning a home and financial freedom has been killed by the inequality in our legacy system. But Bitcoin offers a new dream. For decades, home ownership has been the vehicle through which the middle class prospered. Unfortunately, with institutional and foreign investors bidding up home prices and the money printer going brrr, the “American dream” is now out of reach for many. In fact, as of 2017, there were more U.S. households renting than at any point in the previous five decades. It is for this…

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Bitcoin Education For Indonesia

The Indonesia Bitcoin Conference is a chance to educate Indonesians about a better savings technology. Bitcoin represents a new and open internet standard for hard money. Nowadays, with the increasing awareness about bitcoin’s superior properties, it is increasingly being adopted by global financial institutions as pristine collateral, a longer-term store of value, and unstoppable money. We believe that bitcoin was not formed in a vacuum. Like any other technology, bitcoin was invented to fix problems; in this case, the global economic problem. Indonesia represents the fourth-largest population in the world,…

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Quantifying The Bitcoin Supply Shortage

Bitcoin is at the lowest level of float supply in the last four years, since the price increased 21 times in just 12 months. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. When looking at the bitcoin supply, it’s important to consider the state of the float supply, an estimation of the available bitcoin on the market for sale. One way…

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Senator Cynthia Lummis On US Debt Limit Raise: “Thank God For Bitcoin”

The Wyoming Senator delivered a speech saying we’re lucky to have Bitcoin amid governmental irresponsibilities. “Thank God for Bitcoin…that transcends the irresponsibility of governments,” Senator Cynthia Lummis said. Sen. Lummis’ remarks came in response to the Senate’s approval of a bill to increase the U.S. debt limit by $480 billion. “Time and again…presidents of both parties have run up the debt irresponsibly with no plan to address it.” Bitcoin is a blessing of God amid irresponsible policies at the government level, said Senator Cynthia Lummis in a speech to the…

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Bitcoin And The Lightning Network: The Most Efficient Payment System In The World

The Lightning Network makes Bitcoin the most efficient payment system in the world. But, in basic terms, how does it work? Watch this guide on YouTube. We’re going to go over the Lightning Network: how it works, how it makes Bitcoin scalable and how it fits in with the larger Bitcoin network. But before we talk about the Lightning Network, we need to talk about Layer 1: Bitcoin’s blockchain. The blockchain is a public ledger that keeps a record of all of the transactions that people make with their bitcoin.…

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MassMutual Bitcoin Investment Has Tripled In Dollar Value

The Massachusetts-based insurance company’s $100 million bitcoin purchase in December 2020 is now worth more than $300 million. MassMutual has more than tripled the dollar value of its bitcoin investment in under one year. The insurance company bought an undisclosed amount of BTC for $100,000,000 on December 10, 2020, when the bitcoin price was hovering around $18,500. The Massachusetts Mutual Life Insurance Company has more than tripled its bitcoin investment in under one year. The previous BTC/USD top before December 10 was $19,918, and at the time of writing, one…

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SEC Set To Allow Bitcoin Futures ETF Trading Next Week

Sources told CNBC that the Securities and Exchange Commission is set to allow the first Bitcoin futures ETF to go live in the U.S. Next week, the SEC is set to allow the trading of Invesco and or ProShares Bitcoin futures exchange-traded funds (ETFs) go live in what would be a first in the United States, according to CNBC. A source close to the matter, who wished to remain anonymous, told CNBC that the SEC is unlikely to block the two ETFs, which are not settled in actual BTC but…

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Jack Dorsey’s Square Doubles Its Money On Bitcoin Investment

Jack Dorsey’s Square has officially doubled its money on its Bitcoin Investment. The company’s $220,000,000 invested in Bitcoin is now worth over $470,000,000. Jack Dorsey’s Square has officially doubled its money on its Bitcoin investment. The company’s $220,000,000 invested in Bitcoin is now worth over $470,000,000. To date, Square holds approximately 8,027 bitcoin, acquired at an aggregate purchase price of $220,000,000 and an average price per bitcoin of $27,407, inclusive of fees and expenses. Note, that of other companies whose Bitcoin investments have recently doubled, namely MicroStrategy and Tesla, Square…

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Bitcoin, Bitcoiners And Citadels

So-called “toxic Bitcoin maximalism” is inspired by a desire for Bitcoiners to hold themselves accountable to the ideals of the network itself. “12 Rules For Life” Series, Essay Three The series continues. You can find part one here and part two here. Foreword The third chapter in Jordan Peterson’s “12 Rules For Life” is entitled, “Make Friends With People Who Want The Best For You.” This instantly reminded me of the Bitcoin community and the fundamental values that true Bitcoiners have in common, despite many in the broader tech, finance,…

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