Bitcoin self-custody solutions
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, scams and alike on social media platforms, so we wanted to share the best sources to learn about Bitcoin.
First of all you’re probably wondering if Bitcoin could possibly reach $1million? The short answer is yes, it could. The only real questions are how long would it take to reach that mark, how volatile will the journey be and how far will the US Dollar be devalued against what it is today?
A basic guide for Bitcoin self-custody. The do’s and don’ts of managing your private keys to ensure that you always remain in control of your Bitcoin. It is a vital step in the direction of self-sovereignty. Bitcoin was designed exactly for this method of ownership. Self-custody brings the promise of freedom, but requires that you take extreme ownership of the assets under your control.
For those who are looking to follow the steps of Microstrategy & Tesla and place Bitcoin as an asset under your business, we have officially opened business for entities! We now allow private companies, trusts, close corporations, partnerships and other entities to buy Bitcoin in their name and all purchase orders will be the entity’s name for taxation purposes.
This week we want to focus on one thing that happened yesterday, the 7th of September. A day that might be remembered in the history books of the future.
Bitcoin was officially adopted in El Salvador as legal tender and the country became the first to officially buy Bitcoin in its sovereign capacity!
Introducing a new instalment to our newsletters: Bitvice’s Bitcoin Basics.
For those that are new to Bitcoin we will be covering the basics in a simple, bite-sized way to help you learn more about this complex subject and to give you the tools to explain the topic to friends and family in a concise manner. This week’s topic: Bitcoin’s Blockchain.
Open networks are networks that do not require permission to build on top of, or use. These are inherently better than permissioned or closed networks guarded by gatekeepers, as the sheer volume of people able to access and build new innovations on the network dwarf any benefits given by a closed network.
CBDCs are bigger than most think. They are the fundamental mechanism for the ‘Great Reset’ in my eyes and will affect close to everyone on this planet in a plethora of ways.
Inflation starts slow, but picks up speed as the real value of the money is diluted. In Roman times this was achieved by diluting coinage with other base metals, less expensive to produce, such as tin or lead, in the modern era it is achieved by printing more notes or increasing the supply digitally. The end result is the same: decreasing the utility of money to serve as a measure of value until it is abandoned by the masses. This sounds rather academic, but what is actually taking place is that the elites who control the money printer are using it to steal from everybody else. Inflation is not a victimless crime, it is theft at the grandest scale possible!
Privacy in Bitcoin is and will become one of its most important factors in fighting the banking system and to protect yourself against regulatory risk – which will become bigger and tougher over time.
Privacy is also a human right and should always be so. It is our every right to keep our own things private including our money and wealth.