goodmorningbitcoin

When Explaining Bitcoin, Persuasion Works Better Than Force

When trying to orange-pill others, it pays to be patient and persuasive versus forceful. This is an opinion editorial by Brooks Lockett, a freelance writer and Bitcoiner who fell down the rabbit hole in 2018. Have you ever inspired someone to get into Bitcoin? What worked? Have you ever accidentally repelled someone away from Bitcoin? What didn’t work? The frustrating reality that 99 out of 100…

Bitcoin Exemplifies Fair And Transparent Rules

Bitcoin is a fair and transparent system because its rules are set and consistently enforced, allowing for a level playing field for all participants. This is an opinion editorial by Tim Niemeyer, a Bitcoiner since circa 2018 and co-host of the Lincolnland Bitcoin Meetup in Springfield, Illinois. “I tell the kids, somebody’s gotta win, somebody’s gotta lose. Just don’t fight about it. Just try…

FTX Founder Sam Bankman-Fried Arrested In The Bahamas

Bahamian authorities have arrested Sam Bankman-Fried, the founder and ex-CEO of cryptocurrency exchange FTX, after the U.S. filed criminal charges. Sam Bankman-Fried, the founder and former CEO of Bitcoin and cryptocurrency exchange FTX, has been arrested in the Bahamas by local authorities. The arrest followed receipt of formal notification from the U.S. that it had filed criminal charges…

Bitcoin Stops The Bleeding: A Sound Money System Is The Only Cure For What Ails Our Economy

As fiat currencies slowly bleed out in value, they are disincentivizing saving. Bitcoin is a cure for the economic calamities. This is an opinion editorial by Conor Chepenik, a Bitcoin pleb. When a doctor operates on a wounded patient, the first thing they do is make sure they can stop the bleeding. No point operating if you can’t get the bleeding under control because the patient will die.…

U.S. Justice Department Split Over Decision To Charge Binance In Criminal Investigation

Justice officials are reportedly deciding whether they have sufficient evidence to bring charges against the world’s largest cryptocurrency exchange. A Reuters report stated that several sources close to the investigation claim there is deliberation on whether to not to file charges against individual Binance executives including CEO Changpeng Zhao.Others within the investigating entities, which…

Bitcoin’s Lightning Network Is Enabling Instant Fiat Transfers Between Europe and Africa

People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittances in local currency from the EU and the UK through Bitcoin’s Lightning. Bitcoin app CoinCorner said in a statement Monday that it had enabled Send Globally, a feature that lets foreign users instantly and cheaply send remittances to Africa, for its EU and U.K. customers. The feat is made possible through a partnership…

Public Bitcoin Miners Fight For Survival

Hash rate had its first major drawdown since July 2021 and public miners are feeling the pressure as tough conditions may last for a sustained period of time. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,…

How Dozens Of Denver Middle Schoolers Became Bitcoin Entrepreneurs

An entrepreneurship program for middle schoolers in Denver equipped participants with sats and lessons in what makes Bitcoin the future. This is an opinion editorial by Ryan Brisch, Anthony Feliciano and Mark Maraia, who recently spent a few weeks helping 85 middle schoolers operate a pop-up shop running on Bitcoin’s Lightning Network. On November 18, 2022, about 85 students braved a cold snowy…

How Bitcoin Can Enrich Our Interior Lives

Bitcoin can facilitate positive freedom by enabling individuals to retain value of their savings and feel more fulfilled. This is an opinion editorial by Logan Bolinger, a lawyer and the author of a free weekly newsletter about the intersection of Bitcoin, macroeconomics, geopolitics and law. “I’m more interested in asking the question, is the world that we want to live in one where we need to…

Erlay is a new relay protocol that seeks to minimize the bandwidth usage required to connect Bitcoin full nodes. This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30. Satoshi Nakamoto brilliantly laid out in a few short sentences the major problem with the…

Trading Shares Of Bitcoin Miner Argo Blockchain Suspended

A Friday operational update halted trading of the embattled bitcoin miner in the United Kingdom and United States. On Friday, the trading of shares of Argo Blockchain (NASDAQ: ARBK) was suspended in both the U.S. and U.K.Particular reasoning for the suspension was not provided.The suspension could indicate pending updates or changes to the firm. In the released November operational update, the…

Crypto News Outlet The Block Was Secretly Funded By Alameda Research

The news outlet has confirmed that The Block’s CEO received undisclosed funding from Sam Bankman-Fried’s hedge fund. Cryptocurrency news outlet The Block’s CEO has stepped down following revelations of undisclosed loans from disgraced FTX CEO Sam Bankman-Fried’s hedge fund, Alameda Research.  Per a report by Axios, nobody else at the company was aware of these loans, made to LLCs under control…

Blockware Solutions’ 2023 Forecast Estimates Bitcoin Low Is In

In its 2023 Market Forecast, Blockware Solutions highlighted bullish metrics, slowing ASIC advances and the global energy crisis. Blockware Intelligence, the research arm of Blockware Solutions, has released its 2023 forecast, which indicated, among other things, that the bitcoin price bottom could be in soon. The report included a larger macroeconomic overview and forecast, alongside bitcoin’s…

How Bitcoin Helped Me Escape A Doomsday Cult

“Bitcoiners are people who, like me, have escaped a cult: the cult of fiat.” This is an opinion editorial by Jonathan Leger, a software developer and author of the Regarding Bitcoin newsletter. A version of this article was originally published on Substack. I was raised in a doomsday cult that taught that God was getting ready to wage the war of Armageddon and bring about the end of the current…

Understanding Bitcoin Network Hash Rate Increases

The difficulty adjustment can decrease profits for miners as the difficulty increases just as newer, more efficient hardware is released. This is an opinion editorial by Alex, a bitcoin miner with Kaboomracks. It is important for individuals looking at bitcoin mining for the first time to understand the importance of Bitcoin’s difficulty adjustment as well the impact this has on mining…

Québec Utility Requests Reallocation Of Electricity Away From Bitcoin Miners

Last month, the provincial energy regulator was asked to reallocate 270 megawatts that was set aside for cryptocurrency mining. The Québec government’s utility company, Hydro-Québec, has requested the reallocation of 270 megawatts of energy set aside for cryptocurrency mining, once again signaling another Canadian government entity’s desire to curtail or modify bitcoin mining in the country. As…

EU To Force Crypto Companies To Report Their Users’ Holdings To Tax Authorities

Potentially, even companies outside of Europe could be forced to disclose user holdings according to the EU. The European Union indicated Thursday that it will make cryptocurrency companies report their European users’ holdings to tax authorities. The proposed eighth Directive on Administrative Cooperation was previously reported on by CoinDesk, and could have wide-reaching implications including…