Tag: bitcoin circular economy

Nov 11 2022

Bitcoin’s Economy Is Already Is Circular

When viewed through the lens of necessity, we can better understand Bitcoin’s progression toward a broader, circular economy.This is an opinion editorial by Aleks Svetski, author of "The UnCommunist Manifesto," founder of The Bitcoin Times and Host of the "Wake Up Podcast with Svetski."Bitcoin is the perfect money. It embodies all...

Sep 21 2022

Visit The Guatemalan Lake Town Mining Bitcoin With Used Cooking Oil

Inspired by El Salvador’s Bitcoin Beach, a town in Guatemala is focused on cleaning its lake by diverting used cooking oil to bitcoin miners.A circular bitcoin economy in Guatemala is using resources that would otherwise be wasted to fuel a local bitcoin mining operation, giving its resident financial autonomy and demonstrating a viable economic path outside of the government- controlled economy.Patrick...

Sep 07 2022

The State of Lightning One Year After El Salvador’s Bitcoin Adoption

Lightning helped El Salvador adopt bitcoin one year ago, which in turn helped usage of the Bitcoin Layer 2 network balloon around the world.Bitcoin headlines more often than not focus on the price. Whether it goes up or down in U.S. dollar terms, the media rides the wave accordingly, denoting “bubbles” and “crashes” as they come. As a result, the technology’s fundamentals...

Aug 10 2022

Finding The Path To A Parallel Bitcoin Economy

Texas Slim’s Beef Initiative provides a model for bitcoin adoption to connect Bitcoiners with necessary tradesmen in direct, peer-to-peer exchange.This is an opinion editorial by John G. Dew, co-host of The Millennial Media Offensive podcast and a contributor for Bitcoin Magazine.Texas Slim’s second Beef Initiative conference was recently held in Crawford, Colorado, on Jason Wrich’s...

Apr 20 2022

National TV Exposure: “60 Minutes Overtime,” About The Bitcoin Beach Wallet

As it turns out, the “60 Minutes” report on Bitcoin Beach that we recently covered had a hidden segment. The title is “The tech behind the...

Jan 02 2022

​KYC-Free Bitcoin Circular Economies: Free The Markets, Free The World

KYC-free bitcoin circular economies are perhaps the most pure free markets in the world, enabled by the first truly free sound money.What Is A Circular Economy?A Bitcoin circular economy is a free market where you can trade any products or services for bitcoin, including daily needs like food, jobs and housing.The state censors fiat markets via regulations, permits and KYC....

Apr 27 2021

El Salvador Surf Team Rides The Bitcoin Wave

The home country of Bitcoin Beach once again enjoys the immense benefits of the initiative that gave back to the community.The small Central American country of El Salvador can thank Bitcoin for pushing its national surf team to new levels. “Bitcoin has also helped El Salvador fund their National team and map out a training facility. On March 19, 2021, the Men’s...

Mar 12 2021

Nassim Taleb, Bitcoin And The Law Of Large Numbers

Speculation that bitcoin will become a widely-used global currency seems to be a better bet now than ever before.Nassim Taleb, famous for writing “The Black Swan,” and equally for his mathematical work in trading, was once a Bitcoiner. Recently, he has sold his bitcoin,...

Nov 25 2020

Celebrate Bitcoin Black Friday, Propel The Bitcoin Circular Economy

Bitcoin Black Friday was started by Jon Holmquist in 2012 as a way to co-opt a mainstream celebration of consumerism and help Bitcoiners promote their favorite technology. By encouraging merchants to offer discounts on their goods and services when shoppers paid with BTC, the holiday became a showcase for Bitcoin as a payments system, a tool to encourage more businesses to adopt it...

It’s Time To Join The Bitcoin Circular Economy

Makers of 3D-printed guns operate by the motto, “Free men don’t ask permission.” They don’t ask the State for permission to bear arms. They don’t rely on gun manufacturers to make a gun that they’d like to see developed. In doing so, 3D gun printing functions parallel to, and outside of the legacy model of regulated manufacturers producing compliant and serialized guns that...

Nov 24 2020

The Virtuous Cycle of Bitcoin Giving

Higher Prices Mean More Giving. More Giving Means More Adoption Bitcoin has left every other asset class in the dust. And that outperformance didn’t just take place this year — it’s outperformed every asset over the last five-year and 10-year periods. As we approach a new all time high, 99 percent of bitcoin owners are in profit. Given how rapidly bitcoin has appreciated,...

Nov 06 2020

Because Bitcoin Is A Necessity, Its Economy Will Be Circular

Bitcoin is the perfect money in that it embodies all of the properties and functions of money — as a store of value (SoV), medium of exchange (MoE) and unit of account (UoA) — and does so in a way that any person or participant, from anywhere in the world can: Save without having their wealth invisibly stolenSpend without some big-brother-type institution...

Oct 21 2020

PayPal Introduces Ability To Buy, Sell And Hold Bitcoin

Major online payments company PayPal today announced the launch of a service that will allow its customers to buy, sell and hold bitcoin, along with other select cryptocurrencies, directly from their PayPal accounts. This could create a brand new on-ramp to BTC for a huge new consumer base with interest in digital payments, as the service has some 300 million users. PayPal will...

Sep 30 2020

Four Lies About The Bitcoin Circular Economy

A Bitcoin circular economy is a closed-loop system that designs out all of the corruption and headache of dealing with central bank-issued money. As savings technology is still the largely dominant story for Bitcoin, it’s helpful to take a closer look at a few lies about a topic that’s growing in popularity: the Bitcoin circular economy. A Bitcoin circular economy requires ways to...

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