💸 New Monetary System

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Beloved Bitcoiners!

Here we are again with your needed daily dose of Bitcoin signal!
Another day, and another batch of fresh content. The beauty of an open network, such as Bitcoin, is that the effort of distinct groups or individuals working to build on it or around it, are benefiting every other member of it. It is additive to the system. For this same reason, good news never stops, and we do not stop either.

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Today's Rundown:
  • A New Monetary System. Bitcoin as a replacement of Central Banks.
  • Bitcoin-Backed Loan. Bitcoin used as collateral for loan refinancing.
  • Influencers Into Bitcoin. Bitcoin rewards reaching the masses.
Let's do this.

A NEW MONETARY SYSTEM

The Truth Behind Bitcoin's Opposition
By Sebastian Bunney 

Bitcoin represents a threat to the United States dollar and its global hegemony backed by endless war.

A complete run down, answering the not so obvious question: What is money? It also discusses the inner workings of the Federal Reserve and how its systematic structure has targeted specific inflation levels in order to maintain price stability and low unemployment numbers. The author explains the second order effects, that are caused by targeting inflation through monetary expansion; destruction of purchasing power, which directly impacts savers and fixed-income investors while benefiting the debtors as it reduces their debt burden.

When you dig into how the USD is created and what it's used for you begin to question your world view. The USD is a weapon of control and Bitcoin challenges those with power.

I say this with love, Bitcoin fixes this.

Read More →

BITCOIN-BACKED LOAN

Escrow Company Issues First Bitcoin-Backed Real Estate Loan
By Alex Mcshane

Glen Oaks began accepting Bitcoin in 2018 and sees the loan as proof the cryptocurrency's value proposition is becoming clearer to debtors and creditors.

Glen Oaks Escrow has facilitated its first refinancing through a Bitcoin-backed loan.

"This marks the first time a refinancing has been completed with a buyer using Bitcoin as collateral." - Glen Oaks

This marks a stepping point in terms of adoption; bitcoin is becoming accepted as a pristine collateral, strong enough to be used for refinancing a loan to purchase a home. 

At this pace, no one will ever need to sell.

Read More →

THE DAILY BITS

Your daily dose of signal:

1. LUXXFOLIO, vertically integrated bitcoin miner, has announced 80% of the company's first batch of rigs are up and mining.

2. Various similarities exist between The Protestant Reformation and the revolution being built around Bitcoin.

3. Seetee, Norwegian investment company focused on Bitcoin, has become the newest investor in the Bitcoin and Lightning company Breez.

4. By practicing these tips, HODLers can ensure privacy in a financial data hungry world.

5. Genesis announced a $125 million round of equity funding to further expand the bitcoin miner's industrial-scale operations.

6. The first publicly available U.S. mutual fund that tracks the price of Bitcoin has been launched by a $60 billion fund manager.

7. Bitcoin Optech: Newsletter featuring regular sections like Bitcoin Stack Exchange Q&A and the latest column about preparing for Taproot.

8. Luxor Technologies, Bitcoin mining pool and data analytics firm, now features a mining stock index on their Hashrate Index data platform.

9. Bitcoin's scarcity, both perceived and realized, sells.

10. Horizon's Paradigm fund now maintains a 5.8% allocation to GBTC, making Bitcoin exposure effectively its second largest holding.

INFLUENCERS INTO BITCOIN

Lolli Closes $10m Series A Funding Round Led By Logan Paul, Chantel Jeffries And Sway House Creators
By Nik Hoffman

Bitcoin rewards company Lolli closed a $10 million Series A round led by eye-catching social media influencers and celebrities.

Lolli, a bitcoin rewards company, announced that they have closed a $10 million Series A round led by celebrities like Logan Paul, Josh Richards and venture capital firm Acrew Capital. The objective is to ensure further growth and advertise its recently launched mobile app. Definitely an interesting take by going full mainstream with the announced team. Maybe this is what it takes to reach the masses?

"We're thrilled by the support of so many incredible investors and fellow entrepreneurs who believe in our mission of making bitcoin more accessible for all .. We believe it's imperative to align with top creators to both educate, distribute, and amplify the power of bitcoin to the masses." - Alex Adelman, CEO and cofounder of Lolli.

Read More →

SPONSORED BY DEEP DIVE

MEME OF THE DAY

By Spinte.HODL

HODLing may sound simple, but it is tough indeed. As bitcoin has not yet reached "mainstream" status, often you may receive comments like "Oh, you should have sold..." But little do they understand that this is an accumulation game, and precious sats are not to be given away that easily.

Keep stacking!

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