Seems Bitcoin is still for the crazy people. Those who dare to not only think differently than the mainstream, but also have the guts to bear up against accusations such as “Bitcoin is boiling the oceans!”. Which it is not. As an environmental conscious person this topic bothers me a lot and I am collecting all sorts of articles and research to write a rebuttal in the next weeks. If you have good resources please send them to me.
In my recent interview with Andreas M. Antonopoulos - btw please subscribe to my YouTube channel - we were discussing threats to Bitcoin such as the slippery slope of more and more regulations. In the traditional financial world many banks are over-fulfilling the rules and this is starting to happen in Bitcoin too.
Two of the largest Bitcoin mining companies in North America, Marathon Patent Inc. and DMG Blockchain Solutions Inc., recently joined forces to create the Digital Currency Miners of North America (DCMNA) nonprofit trade group, the first North American mining pool with a legal entity. Together, they’re pioneering a technique they call “clean mining,” meaning they’re promising to only mine transactions that the government approves of.I would call that mining censorship. I interviewed Jameson Lopp this week about strategies and the possible outcomes regarding Bitcoin mining. Interview will be out on Thursday.
“Bitcoin has no top, because Fiat has no bottom.” - Max Keiser
This week the Nigerian Central Bank published a directive ordering banks to close down accounts associated with cryptocurrencies. I do not think that this will have a huge impact on the use of bitcoin in the country. Most people use it as a hedge against their inflating local currency and as a store of value. For example the women of the Nigerian Feminist Coalition (watch my interview with them) used bitcoin very successfully to fund their protest movement. (Source)
Exploring:— Mayor Francis Suarez (@FrancisSuarez) February 12, 2021
• State legislative priority
• Paying employees in Bitcoin
• Investing City treasury in Bitcoin
We got it done pic.twitter.com/88laGvVbEG
As mayor of NYC - the world’s financial capital - I would invest in making the city a hub for BTC and other cryptocurrencies.— Andrew Yang🧢 (@AndrewYang) February 11, 2021
JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start: https://t.co/L4mRBryMJe— jack (@jack) February 12, 2021
Chamath Palihapitiya on #bitcoin in 2013— Neil Jacobs (@NeilJacobs) January 3, 2021
“If you don’t think that this thing is going to rip…when you have all of this money trying to get in & out of these countries where there’s massive political instability or monetary or financial instability, you’re being naive.”@chamath pic.twitter.com/nETxCz1BdR
The Tesla 10k announcement states that Tesla purchased $1.5 billion in Bitcoin and it ALSO states that the company will begin accepting #Bitcoin for its products.— Bruce Fenton (@brucefenton) February 8, 2021
If you want to check, here is today’s Bitcoin price.
No financial advice. DYOR.