The below list are the defining characteristics that make up for a stable and dependable monetary good:
Inflation and wealth destruction.
"The truth is the wealth you’ve accrued in state-issued currency is losing its value every single year. Every single year...Inflation is a monetary phenomenon, not a price phenomenon."
Memes can speak a thousand words.
A critique of CPI.
"In short, electronic, technological and digital goods are inherently deflationary. It is commonly argued these things are far overweight when calculating CPI, leaving for a distorted view of reality, and, to this end, I very much agree."
Wealth inequality in the fiat system.
"Our current economic system creates perverse incentives and misallocation of capital; both sides of the argument are simply trying to navigate this broken economic system."
Bitcoin fixes this.
"Bitcoin is global money. The human rights issues we’ve analyzed from inflation, confiscation and censorship are a global phenomenon. Bitcoin is fighting to solve some of humanity’s biggest problems (whether everyone knows it or not) — join the fight."
Read more about all of this in "Bitcoin: Solving The Elusive Monetary Problem" written by @bitcoinunitesus!
Bitcoin has been consolidating around the $1 trillion market cap threshold for almost three months.
What’s happening behind the scenes, and how should investors be thinking about the recent price action of bitcoin?
[THREAD]
Long-term hodlers are accumulating.
Over the last 30 days HODLers have accumulated 93,638 BTC more than they have sold. The conviction of bitcoiners is not the least bit shaken, & they are viewing the period of price consolidation as a stacking opportunity.
Miners are accumulating.
Over the last 30-day period, miners have accumulated a net position of 5,459 BTC.
With hash rate lagging far behind price action over the past year, coupled with a global semiconductor shortage, expect miners to continue to be net accumulators of BTC.
Bitcoin Magazine presents the Top 21 Bitcoin Projects in 2020!
This year may go down as the most bullish in Bitcoin history thanks to an assortment of projects led by teams from around the world dedicated to making bitcoin the standard.
Here is a thread for the entire top 21 most influential Bitcoin projects list.
Including honorable mentions at the end.
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This year, @bisq_network provided the most censorship-resistant on-ramp and off-ramp for Bitcoin. Bisq is designed to be the exchange of last resort and it has made some massive strides in 2020, including adding SegWit support.
On October 31, 2008, Satoshi Nakamoto released “Bitcoin: A Peer-to-Peer Electronic Cash System,” the technical vision for a “purely peer-to-peer version of electronic cash” that would become the preeminent cryptocurrency and blockchain.
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As the growth of Bitcoin has proven, the need for a P2P, electronic version of cash was much needed then and has become even more important today. What better time than this anniversary to revisit this seminal document?
In the paper, Nakamoto outlines many of the qualities that have made Bitcoin so successful — including transaction signature verification, timestamping and proof of work — with notable prescience. For instance, Bitcoin’s critical difficulty adjustment (cont. below):
The U.S. Presidential Election is looming and we want you to join our watch party! We'll be hosting Marbles and election commentary over on our Twitch channel (twitch.tv/bitcoin) on November 3 starting at 7:00 pm ET. Mark your calendars and stay tuned for updates!
Throughout the stream, we're trying to give away 10,000,000 sats! We've teamed up with @earncarrot to reward our audience for their election hot takes, predictions and content.
First up, we're calling for your dankest election memes! Learn more here: