Bitcoin Is Creative Destruction

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BROUGHT TO YOU BY BITCOIN IS CREATIVE DESTRUCTION The Schumpeterian Bitcoin Cycle By Prateek Goorha and Andrew Enstrom There are countless elements in Bitcoin that structurally instill the process of Schumpeterian creative destruction into its ecosystem. "Creative destruction," coined by Joseph Schumpeter, describes the process that sees new innovations replacing existing ones that are rendered obsolete over time. In this innovative piece, the authors make a case as to why Bitcoin is a technological innovation which comes in time to render fiat money obsolete. Read More → THE DAILY BITS Your daily signal dose: 1. Iconic actor and director Spike Lee is bringing his cultural perspective to Bitcoin in an ad for cryptocurrency ATM operator Coin Cloud. 2. SelfWealth, an Australian broker, will provide bitcoin trading services to over 95,000 customers in forthcoming partnerships with third parties. 3. Bitcoin has been lower than the approximate current price of $34,000 for a whopping 96% of its life. 4. Meet The Taco Plebs: Casey Carrillo sat down with Nelson Chen to discuss how stories convey important ideas and thoughts, and how this relates to Bitcoin. GIVEAWAYS The worlds easiest giveaway continues! Get a shot at winning a hardware wallet and book by following Bitcoin Magazine on social media.  Your reward: you get the best signal in Bitcoin across social media and a chance to win a BitBox and Bitcoin is Venice by Allen Farrington and Sachin Meyer.   Full details at the bottom of this email. TAX HEAVEN Plan B Passports Offers Bitcoin Tax Relief Through New Residence And Citizenship By Nik Hoffman If you would like to avoid onerous capital gains taxes after spending or selling BTC following boom cycles, then there is a service just for you. Many of us know that bitcoin is scarce, and will likely appreciate forever. Through the cycles of bitcoin, many individuals find themselves now wealthy and depending on their residence, looking at having to pay capital gains taxes just by spending it, since it isn't catalogued as money... yet. Katie Ananina offers an alternative. With her services at Plan B Passports, one could find tax relief by obtaining a second passport, and a new citizenship. It takes strength to HODL, and if there is an option to reduce the capital gains that must be paid after stomaching the volatility, why not? "I was smart enough to figure out that $200 in bitcoin will be worth $100,000 at some point. I don't think the government should have 40% of that." - Katie Ananina Read More → SPONSORED BY DEEP DIVE The Deep Dive delivers the latest Bitcoin market intelligence directly to your inbox. Daily Forecasts: ☑ Monthly Reports: ☑ On-Chain and Macro Outlook: ☑ The Deep Dive from Bitcoin Magazine is designed to deliver the latest Bitcoin market intelligence directly to your inbox, with daily, weekly and monthly updates that track the fastest-moving market in the world. With The Deep Dive, you'll receive: Daily Forecasts – Quick and easy newsletters on the global Bitcoin market Special Alerts – Insights from our analysts breaking down the latest in on-chain analytics, market structure and the macro environment Monthly Reports – Detailed breakdowns of monthly market activity, packed with signals and insights that can help keep your portfolio prepared. Start your free one month trial of Deep Dive with promo code BITS.  Take The Dive → BECOMING A RESERVE CURRENCY HIVE Buys 3,019 New Bitcoin Mining Rigs, Joins Foundry USA Pool. By Namcios Bitcoin mining firm HIVE has announced a purchase of 3,019 rigs to increase its hash rate by 46%, and will be joining Foundry USA Pool. The trend of accumulating bitcoin as a public company around the world continues to increase. Bitcoin mining company HIVE Blockchain has announced a purchase of 3,019 MicroBT WhatsMiner M30S mining rigs, which will likely increase hashing power by ~46%. The company plans to increase its bitcoin reserves more quickly, and this new machinery will definitely set them on the right path. Read More → RUN THE NUMBERS BREAKING: US Consumer Price Index now up 4.5% since June 2020 – the largest increase due to inflation in nearly 30 years. Can you imagine believing inflation is only 4.5%? If you've been to the grocery store or spent ANY fiat in the past year you know the true inflation numbers are much higher than those reported. What kills me is the fact that financial types actually believe inflation is a good thing. Inflation is what keeps the equities pumping and their management fees and commissions rolling in; meanwhile main street gets the shaft. GIVEAWAYS SHARE WITH A FRIEND    SUBSCRIBE Was this email forwarded to you? Sign up here.  Today's email was brought to you by Bam and Joe. Keep on reading, keep on stacking. PODCAST   JOBS   SHOP Copyright © 2021 BTC Media, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: BTC Media 438 Houston Street Suite 257 Nashville, TN 37203 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

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