An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard

NFL star and Nigerian descendant Russell Okung asks the Nigerian government to adopt a Bitcoin standard or risk falling behind. Greetings President Muhammadu Buhari, The hope of Nigeria lies within this generation. I am proudly a Nigerian descendant living in America and am a proponent of Bitcoin. I write to urge the Nigerian government to pursue economic independence and financial sovereignty by pursuing a national Bitcoin standard. Soon every nation will be faced with this decision, but those who seize the present moment proactively as we have just witnessed in…

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Taproot Activation Brings Massive Upgrades To Bitcoin

Taproot brings new optimizations to security and usability to the Bitcoin network as the activation is locked in. By the time this is published, Taproot will be locked-in for activation. This means that on block 709,632 (mid-November 2021), the new rules defined by a series of Bitcoin Improvement Proposals (BIPs) will be activated and start being enforced. This is a momentous achievement for Bitcoin and will enable so many awesome new things for not just Bitcoin but everything built on top of it, too. Previously, it was debated if Bitcoin…

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Despite Criticism, Bitcoin Is A Superior Investment To Gold

What’s been a hedge against inflation for thousands of years has had its throne usurped by bitcoin, and for good reason. Alexander Vasiliev is the co-founder and CCO of the global payment network Mercuryo. Ever since bitcoin began to grow in popularity, many people have come to call it “digital gold.” And for valid reasons. While the cryptocurrency’s anonymous creator, Satoshi Nakamoto, originally intended bitcoin to function as a peer-to-peer (P2P) electronic cash system, BTC also possesses excellent store of value and safe-haven asset qualities. Gold has similar store of value…

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Taproot Locks In: Bitcoin Protocol Upgrade Will Activate In November

Taproot has locked in with the Bitcoin protocol upgrade now set to activate in November. Bitcoin is upgrading. Taproot, the Bitcoin protocol upgrade that makes smart contracts more private and compact, has locked in. As of just now, more than 90 percent of all blocks that will be mined in the current difficulty period have signaled support for the upgrade, which means that Bitcoin Core versions 0.21.1 and newer will start enforcing the new rules in November of this year, as will the alternative Taproot activation client. Taproot Taproot is…

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Why Ron Paul Is Bullish On Liberty And Bitcoin

The legendary politician, who advocated for many of the underlying principles present in sound money, believes liberty is inherent to Bitcoin. One of the most exciting moments for me personally at Bitcoin 2021 was getting the chance to interview Dr. Ron Paul. A true pioneer in libertarianism, Dr. Paul is an advocate for so many of the underlying principles present in Bitcoin. It was truly an honor and privilege to get a quick word from him on his thoughts about Bitcoin. Be sure to watch his Bitcoin 2021 speech on…

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Bitcoin Improvement Proposals (BIPs) And The BIP Process

This episode of “The Van Wirdum Sjorsnado” covered Bitcoin Improvement Proposals (BIPs) and how the process works. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost explained what Bitcoin Improvement Proposals (BIPs) are, and how the BIP process works. They discussed why the BIP process is a useful, yet non-binding, convention within Bitcoin’s technical community. Van Wirdum and Provoost started off by explaining what a BIP is exactly — and…

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Texas Clarifies That State-Chartered Banks Can Custody Bitcoin

The Texas Department of Banking issued a notice reaffirming that state-chartered banks can provide bitcoin custody services. The Texas Department of Banking has released a notice affirming that state-chartered banks can offer bitcoin custody solutions to customers, so long as the bank has specific protocols in place to manage risk and comply with the law. The authority to provide these services already existed under the Texas Finance Code. The notice states that banks can choose the specific custody and storage solutions they want to offer their customers depending on what…

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Why Bitcoin, Not S***coin

Why bitcoin is not only the best investment of our time, and the only good “crypto,” but the only moral, economic and philosophically sound place to store your wealth. Hint: Beyond Bitcoin, it’s ALL shitcoin. I often get asked about “which crypto” is a good one to invest in. Of course, my answer is always bitcoin. Period. In this article I’d like to lay out the rationale from three angles: Economic Philosophic Moralistic They all weave into and build on top of each other. If you’re a Bitcoiner, I hope…

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Bitcoin Mining Council Launches Mission Statement, Seeks Members

The Bitcoin Mining Council, initially set up by influential CEOs Michael Saylor and Elon Musk, has formally debuted and seeks members. The Bitcoin Mining Council (BMC), a group of bitcoin miners from around the globe, has formally launched and is now open for membership applications. The council’s website is live and shares details about its mandate, what it will do, and the roles to be played by influential CEOs Elon Musk and Michael Saylor. “The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the…

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U.S. Inflation Hits Highest Rate Since 2008, Outlining Case For Bitcoin

With inflation in the U.S. hitting its highest mark since the 2008 financial crisis, Bitcoin is serving as a critical lifeline. The consumer price index (CPI), a measure of the price of consumer goods and services, increased by an annual rate of 5% last month, hitting its highest mark since August 2008, according to the U.S. Bureau of Labor Statistics. As money printing and federal economic stimulus measures continue in the wake of the COVID-19 pandemic, this measure indicates that USD inflation is at its highest mark since the Great…

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