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BITCOIN IS UNDER ATTACK.
CALL YOUR US SENATOR ASAP - CALL 517-200-9518 & YOU'LL BE AUTOMATICALLY CONNECTED TO YOUR SENATOR.
- TELL THEM VOTE YES TO WYDEN-TOOMEY-LUMMIS AMENDMENT TO THE CRYPTOCURRENCY PROVISION OF THE INFRASTRUCTURE BILL (H.R. 3684).
- VOTE NO TO WARNER-PORTMAN-SINEMA AMENDMENT WHICH IS A DISASTER TO PERSONAL PRIVACY, HUMAN FREEDOM, AND THE FUTURE OF THE INTERNET.
| | | Fellow Bitcoiners!
It is Friday; get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Another green week so far, and the optimism keeps rising. Independent of the price, the week has been filled with much great news, from miner expansion to banks opening exposure to clients and even more ETF proposals. These are the signs of a healthy ecosystem.
P.S. We're giving away Bitcoin 2022 tickets, check out the giveaway at the bottom for details. | | Today's Rundown: - A Tale Of Hard Money. A contrast of FED's balance sheet, to the monetary debasement of the Roman Empire.
- IMF Warning: Warnings from the IMF against bitcoin as a national currency.
- 1 Bitcoin Grant. Foundry Digital announced a 1 bitcoin grant to Mempool.space.
- Bitcoin in Africa. Nigeria moved nearly $40 million in bitcoin P2P.
Let's do this. | | | Hard To Soft Money: The Hyperinflation Of The Roman Empire
By Drew MacMartin Historically, hyperinflation is a positive feedback loop of free money, illusionary wealth and greed.
The story of hyperinflation is not a new one. This is a process that has happened in history and will continue to happen in the future if we don't adopt a currency which can't be controlled or manipulated. In essence, if we don't adopt bitcoin. The author makes a successful attempt at contrasting our current times and the expansion of the FED balance sheet, to the great monetary debasement of the Roman Empire. According to the piece, the worst part, is that people do not see it as a cause of inflation, or that high inflation is bad, all the while currency debasement is becoming a one-way street.
"I am 100% certain that fiats will continue to debase.. on an accelerated basis" - Greg Foss.
As an extra thought to digest: Empires are created with hard money, and when they decay, they often have soft money. | | Foundry Digital Grants 1 Bitcoin To Mempool.Space Foundry Digital Has Announced A Grant Of 1 Bitcoin To Mempool.space In An Effort To Boost The Bitcoin Ecosystem's Security And Transparency.
Foundry Digital, a provider of intelligence and capital for Bitcoin mining solutions to institutions, announced a grant of 1 bitcoin to Mempool.space, a popular open source blockchain explorer. Additionally, they offered their help on developing an open transaction acceleration marketplace and a mining dashboard for the website.
"In line with our mission to empower a decentralized infrastructure, Foundry is committed to contribute to open-source projects like Mempool.space who are working on solutions to make Bitcoin more resilient, private, secure, and usable. Block explorers are a critical component of infrastructure for all users to access on chain data." - Jay Beddict, Director of Research at Foundry
As we all know, Bitcoin is for everyone, and its power lays in it being open source. As having open source software benefits us all, it is important to remember to give back to the community. This could be in the shape of donating to open source projects, or working on them yourself. | | Your daily dose of signal:
1. Independent investment firm Invesco, which currently operates 233 ETFs in the U.S., quietly applied for a Bitcoin ETF on Thursday.
2. The 51% attack on Bitcoin SV this week is an opportunity to highlight the importance of decentralized blockchain security.
3. JPMorgan Chase, the banking giant, will reportedly soon offer a passively managed Bitcoin fund to clients.
4. Architects of Paraguay's Bitcoin legislation argue that its regulatory framework is the best way to foster a mining industry in the country.
5. Melanion Capital has received approval to list an ETF that tracks a basket of bitcoin-related stocks, an EU Ucits first.
6. Bitfarms, a bitcoin mining company, has shared bitcoin production updates, including energy usage and the company's strategic HODL mentality.
7. Amanda Cavaleri explains how the Bitcoin voter block is one of the largest single-issue powers in U.S. politics. | | Nigerians Moved Nearly $40 Million In P2P Bitcoin Trading In 30 Days
By Namcios Despite the ban in early 2021, Nigerians are trading millions of dollars worth of bitcoin in peer-to-peer markets every month.
When it comes to adoption, Africa is a great example of bitcoin changing hands in a peer-to-peer (P2P) fashion.
Despite undergoing a bitcoin ban in early 2021, Nigerians keep showing new volume highs in P2P bitcoin trading, having exchanged close to $40 million in bitcoin P2P trading in the last 30 days. The trend has continued to increase throughout the year not only for Nigeria but for other African countries.
Kenya is following in second place with close to $20 million of bitcoin traded monthly.
This is proof of a system that is anti-fragile, and it shows resilience and strength even when strong parties attempt to regulate it or stop it.
Bitcoin can't be stopped. | | By Bitcoin_sun
The moment when it clicks and you understand that bitcoin is the only path forward. A path towards prosperity and hope for humanity.
Keep stacking! | | | We're excited to be celebrating our 10th Twitter Anniversary in August by giving away 10 Bitcoin2022 Conference Tickets. The giveaway will start Sunday, August 1st at 12:00PM EST and run until August 31st at 12:00PM EST. The winner will be contacted by email on Wednesday, September 1st. To enter, go to: http://www.rafflecopter.com/rafl/display/b28baf753/ | | | Received this newsletter from a friend? Sign up to get the best of Bitcoin delivered straight to your inbox. | | | Today's email was brought to you with ♥ by Bam and Joe.
Keep on reading, keep on stacking. | | | | |
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