Bitcoin has won, El Salvador transparency, more Gamestop trouble, fiat is a joke - Ep.110

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin has jumped up above $63k, up $2,700 today.

BULLISH:

Do not sell your #bitcoin. POST: https://primal.net/e/note1ln8mnnnac8ev20rglw5kzl94r0wgmm96yacgpnt5ulyf3qvfn27q338jsm

HISTORY:

✨ Hal Finney writing about why society needs #Bitcoin for Extropy Magazine, released on this day in 1993. POST: https://twitter.com/pete_rizzo_/status/1789981506389074240

Just casually making #bitcoin history on the daily. POST: https://twitter.com/PubKey_NYC/status/1789061188556665072

BITCOIN HAS WON:

"There is #Bitcoin and there is everything else. #Bitcoin gives everyone in the world property rights secured by mathematics. It is the first monetary asset we’ve been able to engineer with no natural issuer." - @jackmallers. POST: https://twitter.com/BitcoinSapiens/status/1790040014266441940

You know Bitcoin has won when new altcoins don't even have a narrative about Bitcoin, let alone claim superiority. POST: https://twitter.com/jimmysong/status/1790051332465852504

“Any attack vector on Bitcoin weakens the attacker, not Bitcoin.” ~ @DSBatten on today’s #BullishBit. POST: https://twitter.com/BTCsessions/status/1790057220668817840

EL SALVADOR:

El Salvador now has its own @mempool space where anyone can check out our #bitcoin treasury holdings. POST: https://twitter.com/bitcoinofficesv/status/1789788632070431046

Nayib Bukele: There was a 70% drop in 2023… However, since the approval of the Exception Regime, there has been a 86% drop, and since we entered the government in 2019, the drop has reached 95%. We project a 97% drop for 2024. POST: https://twitter.com/nayibbukele/status/1789774772076749198

GOLD:

Gold can’t compete. It’s mathematically going to zero. POST: https://primal.net/e/note1jt2ehrgv0rfaj8neettzdem0s36nahanf6r4jusdvmv74gk7fcpqjdm7u7

EDUCATION:

Can Bitcoin Be Copied? VIDEO: https://www.youtube.com/watch?v=nbW_NweXstU

Principles for Dealing with the Changing World Order by Ray Dalio. VIDEO: https://www.youtube.com/watch?v=xguam0TKMw8

The simplest explanation of why we need #Bitcoin🔥. POST: https://twitter.com/Vivek4real_/status/1789645163368718646

GAMESTOP:

GameStop was up 120% on open today. POST: https://twitter.com/RadarHits/status/1790028854834192768

💥GAMESTOP HALTED 5th TIME TODAY. The game is rigged… 🤨. POST: https://twitter.com/RadarHits/status/1790033400016859171

GameStop, $GME, shorts have lost almost $1 BILLION dollars today. POST: https://twitter.com/RadarHits/status/1790035731273945188

NEW 🚨: GameStop's 'Roaring Kitty' is back on Twitter, causing GME to surge 90% overnight. GameStop won a battle over hedge funds, but #Bitcoin is poised to win the war. POST: https://twitter.com/SimplyBitcoinTV/status/1790059893648417219

They can’t halt #Bitcoin and it’s going to be marvelous. POST: https://twitter.com/ronin21btc/status/1790025030182597025

FIAT/GOVERNMENT NONSENSE:

Your savings. Inflation. POST: https://primal.net/e/note1w94e3wszwj7t9u7aum7w825tapgyfn8h9pch9ryw5rhuvwlgp79sexzft6

“War against a foreign country happens only when the moneyed classes think they are going to profit from it.” ~ George Orwell. POST: https://primal.net/e/note10ukhu9jv3ylu44mqpj0jl8u9lv4zs5c8frs3cuj9rql3qyjq3x4qwj8nex

“Everything the state says is a lie, and everything it has it has stolen.” ~ Friedrich Nietzsche. POST: https://primal.net/e/note17ufrqtx559grha95fwd0whydyc4lmqyppnuwqd7l7v3ffdet4y6s5fr79s

BREAKING: Canada increases capital gains tax to 66%! POST: https://primal.net/e/note1neghaeszjx2fh84y9s33p5cjlr665ccdwj09tvc2wmz8e89f4llqp5yf0k

Stacking #Bitcoin is seen as risky, but buying cars, phones and other things that depreciate with certainty over time is considered secure. The lack of risk literacy has taken its toll on the majority. #Bitcoin is not risky, a 100% fiat allocation is. POST: https://twitter.com/CarlBMenger/status/1789930324010381786

JUST IN: 🇺🇸 Elon Musk likens the Federal Reserve to the bank in Monopoly. Just facts… POST: https://twitter.com/RadarHits/status/1789397552632140090

LIGHTNING NETWORK:

Looks like we're going to see the Lightning Network split between the LN-MTN - Money transmitter Network, the wider clearnet network and the tor network. Probably going to force nodes to KYC to get access to that sweet sweet stablecoin routing fees. POST: https://primal.net/e/note1aadr3ama2gyhha95y3hruj6vdg6gcyp0qqzs3sdjuh3pugcsrums98zdnr

As much as I think this is a useful development for a lot of people, especially in the developing world - it’s also a huge banner for regulators that says “CHECK HOW OBVIOUSLY MONEY TRANSMITTING WE ARE!” If Lightning is left to only bitcoin, I think it can be more easily argued that it is separate and unique in construction and should also be in the regulatory framework. But if it’s being used to move dollars around, I think we lose a massive edge in maintaining that perception. All they will see is a dollar payment network where they cannot see into all of the accounts, can’t KYC every user, and can’t freeze the payments. And they will do everything they can to gain that level of control, and far worse likely, if they have such a clear target. POST: https://primal.net/e/note10lknnp2u2cktvgyye9qgmvyzelwqjph3l556w9av236g4g3crjxs6nnf3t

ROBOSATS:

RoboSats v0.6.1-alpha: Android App Returns Stronger Than Ever. RoboSats is a simple and private way to exchange bitcoin for national currencies. Robosats simplifies the peer-to-peer user experience and uses lightning hold invoices to minimize custody and trust requirements. The deterministically generated avatars help users stick to best privacy practices. ARTICLE: https://www.nobsbitcoin.com/robosats-v0-6-1-alpha/

NOSTR:

zap.store: Nostr-based Permissionless App Store. zap.store uses nostr to establish identity, linking release artifacts to social profiles validated by the web of trust. This enables secure installs, new app discoverability layer and developer monetization via zaps. ARTICLE: https://www.nobsbitcoin.com/zap-store/

AWWWW:

Tiny turtle 🐢. POST: https://primal.net/e/note1l8t3naajeneccr0ue49vm8mzkpnyxhzj9w7u6hmnv2fe79eu8dyslycn26

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