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Crypto News Updates

Interview: When Cities Embrace Bitcoin With Mayor Scott Conger

Mayor Scott Conger joined the “Bitcoin Magazine Podcast” to discuss how Bitcoin can help his city of Jackson, Tennessee.

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On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the mayor of Jackson, Tennessee Scott Conger to discuss his recent interest in Bitcoin. Conger has been the mayor of Jackson for a few years now and is actually the third person in his family to serve in this role. Conger has a very long-term commitment to the community in Jackson and wants to see the best for his city. He sees Bitcoin as an ideal way for his city to secure its financial future as well as to encourage young remote tech workers to lay down roots in Jackson.

The COVID-19 pandemic and remote work have revealed a massive opportunity for small- to medium-sized cities to compete for tech talent and work when they used to be crushed by the major tech hubs, like San Francisco and New York. Conger has been watching Mayor Suarez of Miami closely and taken the cue from him to dive into how embracing Bitcoin can help his city be more competitive.

Keroles and Conger reflected on how bitcoin has been relatively de-risked and how Conger’s education into Bitcoin taught him more about what is wrong with the current system.

Please enjoy this wide-ranging conversation Mayor Scott Conger!

And if you want to read more about Mayor Conger and Jackson, Tennessee, read about his Bitcoin journey in Bitcoin Magazine

Source: Bitcoin magazine

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Crypto News Updates

Interview: The Bitcoin Bull Market With David Puell

On-chain bitcoin analyst David Puell joined the “Bitcoin Magazine Podcast” to discuss the bull market.

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This week for the “Bitcoin Magazine Podcast,” host Christian Keroles was joined by Bitcoin Magazine researcher Dylan LeClair and pioneer on-chain analyst David Puell.

As Bitcoin leads the way for cryptocurrency adoption and acceptance, market participants are starting to embellish in massive pump and dump activities around alternative coins. This portion of a bitcoin bull market is often referred to as “Alt Season,” and Puell set appropriate expectations around how bitcoiners should see things play out in this bull market. Puell also broke down his scenarios for this bull market.

The group transitioned the topic to trading, and which on-chain and macro indicators Puell uses to gain alpha. Lastly, they closed out with conversation around a super cycle and Bitcoin’s role in the future of finance.

Questions discussed include:

  1. Why are shitcoin outperforming so much in 2021?
  2. Is the bull market ending early?
  3. What is the current state of the bitcoin market on chain?
  4. What is the effect of the derivatives and futures markets in the market structure of bitcoin?
  5. Is an increasing amount of liquidity attempting to arbitrage the contango trade up against the global fiat credit markets?
  6. Can the contango yields be thought of as a “time value of money,” of sorts?
  7. Do you expect volatility to significantly decrease in the coming years?

Source: Bitcoin magazine

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Interview: Foundry’s Mike Colyer On Bitcoin Mining In North America

Mike Colyer, CEO of Foundry, joined the “Bitcoin Magazine Podcast,” to discuss distributing the Bitcoin mining hash rate.

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On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Mike Colyer, the CEO of Foundry, a wholly-owned subsidiary of Digital Currency Group that’s focused on bitcoin mining in the U.S. Foundry is making a massive effort to bring hash rate to North America, both with physical hardware as well as by building the Foundry USA mining pool.

Colyer is extremely proud of how much hash rate is flowing into the U.S. and the fact that Foundry’s pool has peeked into the top-five BTC mining pools of the world, as well as the fact that Foundry was one of the very first mining pools to signal for the Taproot upgrade of Bitcoin.

One of the key ways that Foundry is building out a competitive mining environment in the U.S. is by financing other operations to acquire energy contracts and mining equipment. Foundry understands that nation states will have to build a strategy around Bitcoin mining and he wants to make sure that the hash rate is as evenly distributed around the globe as possible.

Additional topics discussed include:

  • Mining in North America
  • The cost of mining per kilowatt in the best geographies
  • The role of mining in geopolitics
  • Volatility in Bitcoin’s hash rate and what that means
  • The players in the ASIC game and the nature of the ASIC market
  • Foundry financing self-mining or equipment in North America
  • How the mining ecosystem is evolving over the course of this year

Source: Bitcoin magazine

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Crypto News Updates

Interview: Reflections On Satoshi With Adam Back And Pete Rizzo

Pete Rizzo discussed the earliest days of Bitcoin and Satoshi Nakamoto’s influence with Blockstream’s Adam Back.

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This week for the “Bitcoin Magazine Podcast,” we have a replay of last week’s interview between Adam Back and Pete Rizzo on Satoshi’s legacy. Back is the cofounder and CEO of Blockstream and the inventor of proof of work.

Back reflected on discovering Bitcoin and searching for the best information about it in the early days. He worked hard to understand the technical components as well as all of Satoshi’s writings about Bitcoin. Back is not a fan of over-glorifying Satoshi or quoting them, as he doesn’t believe it is as important for individuals to learn from Satoshi’s thinking as it is for them to define Bitcoin based on the product and network itself.

Back and Rizzo reflected on the differences between the stated intent of the Bitcoin project, what is actually being built and how Satoshi contributed to that ethos. Enjoy this wide ranging conversation on Satoshi’s authority, influence and legacy.

Topics discussed include:

  1. How Adam started to try and understand what Bitcoin was
  2. Is there any value in understanding what Satoshi thought about Bitcoin?
  3. The aversion in the Bitcoin development community about speaking about Satoshi
  4. How, under Satoshi, Bitcoin had a very different development model
  5. Bitcoin Core is today more of a meritocracy. So, why does Bitcoin need a meritocracy?
  6. Satoshi has been gone for 10 years. Is Nakamoto still influential in Bitcoin today?
  7. It’s been said that nobody understands Bitcoin. Was it possible for Satoshi to understand Bitcoin?
  8. The biggest mistake that Satoshi Nakamoto made in building Bitcoin
  9. Was it necessary to remove Satoshi ?
  10. Where does Satoshi Nakamoto rank in terms of the biggest intellectual contributors to Bitcoin
  11. Why do you think Satoshi hasn’t moved their Bitcoin

Source: Bitcoin magazine

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Crypto News Updates

Find The Best Books About Bitcoin

The best 20 books about bitcoin are in this educational bookstore.

We’re excited to announce that we’re expanding our online store to include educational books for all ages. For young children we offer “Bitcoin Money: A Tale Of Bitville Discovering Good Money,” while for teenage and adult beginners we offer “The Little Bitcoin Book: Why Bitcoin Matters For Your Freedom, Finances, And Future,” among many other offerings.

These titles include the 20 best books about bitcoin. 

This children’s book offers a simple and easy way to learn about bitcoin. 

Are you a developer who wants to learn more about software and the Bitcoin network? Look no further than “Programming Bitcoin: Learn How To Program Bitcoin From Scratch.” An experienced Bitcoin user who is passionate about the history of decentralized money? For you, we offer “The Blocksize War: The Battle Over Who Controls Bitcoin’s Protocol Rules” and “Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies.” 

This book covers everything from gold to cryptocurrency.

What about if you are looking for a gift for a friend, wife or daughter who just doesn’t understand what is so cool about Bitcoin? We even have a book for that, “Cypherpunk Women,” which covers both Bitcoin and broader social movements. It’s the perfect book for nocoiners who aren’t attracted to the hard money narrative. There will be a limited supply of this anthology available for pickup this June at the conference in Miami, so be sure to reserve your copy in advance. All the rest of our books are available for purchase either online or in person in Miami, so everyone can enjoy our collection of books about Bitcoin. 

Even a complete beginner who is not tech-savvy can use this curriculum to go from understanding bitcoin basics, with beginner books like “Bitcoin Clarity: The Complete Beginners Guide to Understanding” and “Inventing Bitcoin: The Technology Behind the First Truly Scarce and Decentralized Money Explained,” to experienced bitcoin users with a comprehensive understanding of how inflation, supply and demand all impact the economy.

This educational book about bitcoin is perfect for beginners. 

You can basically give yourself a PhD in Bitcoin just by reading our whole curriculum with the best 20 books about bitcoin. In terms of economics text books, we recommend “The Sovereign Individual: Mastering The Transition To The Information Age” and “Economics In One Lesson: The Shortest And Surest Way To Understand Basic Economics.” And, of course, no Bitcoin curriculum would be complete without “The Bitcoin Standard: The Decentralized Alternative To Central Banking.” Prioritize your own self-sovereignty by getting the educational resources you need to learn all about Bitcoin.

This book includes economic history and broader context about how bitcoin is a perfect example of hard money.

For more tools for your bitcoin journey, everything from hardware wallets to Bitcoin swag, it’s all available in our store

Source: Bitcoin magazine

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Interview: Making Bitcoin Easy With Simon Lapscher Of Liquality

Simon Lapscher of Liquality wallet discussed his focus on atomic swaps with Bitcoin.

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This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Simon Lapscher, the CEO of Liquality wallet. Liquality is a very interesting wallet because it is focused on atomic swaps. In particular, it is focused on atomic swaps with Bitcoin.

Liquality makes it possible for your bitcoin to swap into any other currency that they support, trustlessly. One of the key user groups of Liquality wallet is Bitcoiners looking to leverage the RSK blockchain. Liquality makes it easy, trustless and seamless to swap into RBTC on RSK.

Lapscher stressed the importance of a wallet that makes Bitcoin’s native features accessible to users. The Liquality wallet is designed to make bitcoin and other digital assets/tokens interoperable and functional across the entire blockchain space. The goal is to make blockchain-based, trustless features easy and accessible for average users. This includes features that bitcoiners are really excited about, like using Lightning, CoinJoin, batch transactions, multisig and more.

Liquality plans to roll out Liquid support and atomic swaps between BTC and L-BTC. This will make Liquality the one-stop shop for BTC native features as well as atomic swaps with the extended Bitcoin ecosystem. 

Source: Bitcoin magazine

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Crypto News Updates

Interview: Turning Data Into Value With Eric Weiss

Eric Weiss joined the “Bitcoin Magazine Podcast” to discuss BTC in 2014, his Bitcoin investment fund and onboarding Michael Saylor.

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This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Eric Weiss, CEO of the Bitcoin Investment Group Fund (BIG Fund). Weiss was early to Bitcoin and saw its potential as an alternative store of value over the internet immediately and he was the person that helped introduce Michael Saylor of MicroStrategy to Bitcoin. Weiss and Saylor are long-time friends and it was during the initial fallout of the COVID-19 lockdowns when bitcoin as a money outside of the system started to finally make more sense to Saylor.

Keroles and Weiss discussed people waking up to Bitcoin, how Bitcoin is actually good for the dollar, Bitcoin exceeding Weiss’s expectations for 2014, BTC incentives and much, much more.

Topics discussed include:

  • The Bitcoin Investment Group
  • Bonds to bitcoin
  • Buying bitcoin in 2014
  • Buying bitcoin versus business risk
  • Bitcoin’s incentives and game theory
  • Saylor’s quick onboarding and conviction
  • Turning data into value

Source: Bitcoin magazine

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Interview: Gabriel Shapiro On Bitcoin Regulations

In this episode of “The Biz,” crypto lawyer Gabriel Shapiro discussed Bitcoin and altcoin regulation.

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This episode of “The Biz” featured Gabriel Shapiro, an experienced “crypto” lawyer for both Bitcoin and altcoin businesses. Host John Carvalho and Shapiro bridged the gap of topics across Bitcoin, Ethereum, regulations, contracts and much more.

Shapiro took the time to contrast what he thinks Bitcoiners miss about Ethereum supporters, and what Ethereans miss about Bitcoin. Carvalho managed to remain civil about altcoin topics, trying his best to gather useful info for listeners.

Shapiro clearly understands the value of decentralization while navigating contracts and risks for his clients, and sees “crypto” as a whole as an improvement over fiat and centralized tech companies like Facebook and Google.

Carvalho and Shapiro discussed the track record of how U.S. government agencies have handled and regulated Bitcoin, and their lack of enforcement on shitcoin scams… all while trying to predict how things may unfold in the future. Don’t miss this candid conversation about Bitcoin, shitcoin ethics, law and government powers!

Source: Bitcoin magazine

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Interview: Sustainable Bitcoin Mining In North America With Peter Wall

This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the CEO of Argo Blockchain to cover all things Bitcoin mining.

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This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the CEO of Argo Blockchain (ARBKF) to cover all things Bitcoin mining.

The conversation started with a dive into Wall’s Bitcoin story which starts in a hostel in Bali, as these stories often do. Wall’s journey from running that hostel to operating one of the largest public bitcoin mining companies in the industry is a tad out of the ordinary. Wall discussed how Argo breaks down its business among BTC mining, altcoin mining, venture capital and R&D. Of all of these pillars, BTC mining is by far the most important and largest cash cow of the business.

Argo is focused on deploying hash rate across the U.S. with an emphasis on mining using renewable resources. Wall thinks it’s not good that so much mining in China uses coal power, especially during the dry season. He and Argo see North America as being an opportunity to align Bitcoin with green energy while still being extremely competitive globally on energy costs. Wall thinks that Bitcoin mining can get the best of both worlds.

Other topics covered in this podcast:

  1. Mining bitcoin and treasury management
  2. The current ASIC market
  3. How the ASIC market is changing
  4. Misconceptions around Bitcoin mining and energy usage
  5. Mining in North America
  6. Mining bitcoin in Texas

Source: Bitcoin magazine

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Crypto News Updates

Interview: Understanding The Bitcoin Market With Glassnode’s Rafael Schultze-Kraft

Glassnode’s Rafael Schultze-Kraft joined “The Bitcoin Magazine Podcast” to discuss the insight offered by on-chain Bitcoin analytics.

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This week for “The Bitcoin Magazine Podcast,” host Christian Keroles and guest host William Clemente sat down with Rafael Schultze-Kraft, the CTO of Glassnode. Glassnode is an on-chain analytics company and it thrives by making it accessible and easy for Bitcoin enthusiasts, investors and analysts alike to get their hands on cutting-edge metrics and indicators for bitcoin and other major cryptocurrencies.

On-chain analytics is the practice of using blockchain node data to learn about the economic actors using a cryptocurrency. This interview was a high-level overview of Glassnode’s business, its target audience and a deep dive on some of the most interesting on-chain metrics that Schultze-Kraft uses every single day. The participants dove into what makes the 2021 bull market look different than the 2017 bull market and what is making Schultze-Kraft extremely bullish on bitcoin in the short- and long term.

The metrics mentioned in this podcast include:

  • Miner Net Position: The thirty-day change of the supply held in miner addresses
  • Dormancy: The average number of days destroyed per coin transacted, defined as the ratio of coin days destroyed and total transfer volume
  • Coin Days Destroyed: Calculated by taking the number of coins in a transaction and multiplying it by the number of days it has been since those coins were last spent
  • Lifespan: The ratio of the sum of Coin Days Destroyed and the sum of all coin days ever created
  • SOPR: Computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output
  • HODL Waves: Each colored band shows the percentage of bitcoin in existence that was last moved within the time period denoted in the legend
  • Entity Net Growth: The net growth of unique entities in the network
  • NUPL: Net unrealized profit/loss

Source: Bitcoin magazine