Bitcoin news of the week. Handpicked for you by Anita Posch. Every Friday.
My talk at the #rC3 Chaos Communication Congress about Podcasting 2.0
What is Podcasting 2.0? It is ground breaking new technology for content creation. I show, how we can build a self-sustaining decentralized ecosystem for podcasting and other forms of independent content creation with bitcoin.
Thought of the week by Anita Posch
Quote of the Week
“If you see too much drama happening around the price, switch your focus. It always works for me. Go back into the technology. Focus on education. There’s billionaires on Twitter and on TV going: blahblah blahblah blah. Turn them off.” – Andreas M. Antonopoulos
Regarding price action, I am on the same page as Andreas. I am more interested in what Bitcoin can do for society, freedom of transaction and in its technology. Not saying, that I am unhappy, if bitcoin‘s price is rising. But I do not do price predictions and weekly chart analysis or trading. I think that‘s gambling or in the best case like predicting the weather 14 days ahead.
But, this chart is incredible. It‘s done by „Trololo“ dating back to 14 Oct 2014. Trololo predicted a price of $10,000 in Nov 2017 and for summer 2021 a price of $100,000. I will leave it up to you, what you are making of it. For me, looking at the development of the Bitcoin ecosystem and the interest of institutions there is no way back. But we will never know. Just think about the proposed FinCEN regulations that want to control the cryptocurrency space more and more. There is still the chance that single countries will ban bitcoin or at least they will make it more difficult to use it. Then we will see, what bitcoin is worth. Still, the chart is impressive.
FinCEN expanding AML regulation to non-custodial wallets
2/ The rule would impose new obligations on virtual asset service providers (VASPs) like exchanges & custodians.
For deposits & withdrawals > $3k involving a non-custodial wallet, VASPs would have to record the name & physical address of the wallet owner.https://t.co/H4UR4t11GX
— Jake Chervinsky (@jchervinsky) December 19, 2020
You can write and send a comment even as a non-US citizen:
1/ FinCEN is now accepting public comments on its proposal to extend AML regulation to non-custodial wallets.
The deadline is January 4. We have an unfairly (maybe illegally) short time for this, so we have to use it wisely.
Here's your ultimate guide on submitting a comment 👇
— Jake Chervinsky (@jchervinsky) December 23, 2020
Privacy improvements are coming with Taproot
Taproot activation will bring a lot of improvements on the privacy side of Bitcoin. Making it much harder to find out who the sender and receiver of transactions are. Over 90% of all mining pools are in favor of activating Taproot in 2021. I have talked with Andreas M. Antonopoulos about Taproot in my current interview with him.
Binance responded with a YES for Taproot! 🎊
*Mining pools in favor of the #taproot upgrade now at 91.05%!!*
— Alejandro De La Torre (@bitentrepreneur) December 27, 2020
A recap of macro-economical Bitcoin stories in 2020
THE 2020 YEAR IN #BITCOIN
Ah yes, New Year's Eve. A time to reflect, look forward, celebrate, and throwback Long Reads Sunday style with the BEST BITCOIN TWEETS OF 2020.
Strap TF in, it's time for a thread!
— Nathaniel Whittemore (@nlw) December 31, 2020
Podcast of the week audio only
No financial advice. DYOR.