Bitcoin self-custody solutions
We are about to see the 19 millionth Bitcoin enter circulation sometime in the next week. And there’s only another 2 million to go, by the decade ~2140 AD, based on the supply and halving schedule.
19 million Bitcoin in supply. 2 million left. 21 million Bitcoin only. And 56 Millionaires worldwide.
In the words of Greg Foss, ‘it’s just math’.
The long term repercussions of this, are going to be frightening to many who like things to remain the same. Because this was the point of critical mass for the US Dollar and America’s hold on nations through their reserve currency. ‘After this war, money will never be the same.’
Other cryptos are not a hedge against hegemony. There is only one tool for that – Bitcoin. In a world gone dark, thank goodness there is something that shines a little bright with hope.
Regulators in Canada have come out in full force to request Crypto Asset providers to provide info or lock accounts for individuals linked to the protests and those who have donated to the movement. Jesse Powell, the founder of one of the biggest exchanges in the world, Kraken, has publicly advised people to move their crypto assets off of exchanges and into self-custody.
To put it simply, it was the moment Richard Nixon moved off the gold standard and the fiat system was born. I firmly believe that the next generation/s will look back and deem this as a dark, dark moment in mankind’s history and yet, most people don’t even know what it is.
A recap of the top Bitcoin news stories this past week including the US’ latest inflation figures, Russia embraces Bitcoin and Canadian Truckers moving to the Bitcoin Standard.
With regulation looming, altcoins are in for a rude awakening. They will most certainly increase regulation on Bitcoin exchanges over time, but Bitcoin itself will keep evolving and circumventing. This is what it does best. Decentralisation is everything. It is the entire point of crypto. But most people fail to realise what this actually means. It is what makes Bitcoin indestructible and thus, so valuable. It is what makes Bitcoin the only competitor to the Plutocrats. Bitcoin is Us. Everything else is Them.
Fidelity, one of the largest asset managers in the US with $11.1 Trillion under management, released a surprisingly detailed report about Bitcoin and the importance of ‘getting off zero’ Bitcoin.
Bitcoin is a complex subject and there is an enormous amount of information to sift through and make sense of. Unfortunately, there is also a lot of misinformation and misunderstanding surrounding Bitcoin so we have done a bit of myth-busting. We want to continue with our Bitcoin Basics this week and focus on some misconceptions that many have about Bitcoin. If Facebook, Twitter and others can do Fact Checking – so can we.
A recap of the top Bitcoin news stories this past week. Intel a $240 Billion company, Intel, just announced they are entering Bitcoin mining. They will be introducing an ‘‘ultra-low-volatage-energy-efficient’ ASIC which is specifically designed for Bitcoin mining. There are currently two main ASIC manufacturers in the world right now – Bitmain and MicroBT, both Chinese-based.