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Daily News on Bitcoin and Lightning. #BitcoinNews

Bitcoin unites 🤝

1810’s - Children worked in coal mines

2010’s - Children played Minecraft

2020’s - Children clean Bitcoin miners

Children yearn for the mines

https://m.primal.net/KKru.mp4

“This funding will accelerate our efforts to make Bitcoin transactions as simple and user-friendly as possible, making fast, low-cost user-friendly transactions powered by Bitcoin a reality for potentially billions worldwide.” - Co-founder of Ark Labs, Marco Argentieri

https://bitcoinnews.com/adoption/tim-draper-investment-ark-labs/

JUST IN: Robert F. Kennedy Jr.’s campaign said in a Pennsylvania court filing Friday that he’s endorsing Donald Trump for president.

NEW: Joe Kernen confronts Elizabeth Warren on “price-gouging” and the true cause of inflation 👀 https://video.nostr.build/1736691fac9911fa01b8833874faa07c5b7c1f66d86bb191c39be6d57351afa3.mp4

Given that the Fed is now considering cutting interest rates, how long until they “flood the system with money” once again? https://video.nostr.build/733416cbef3f45dc32658ac64f2a79f5604ed30ec011e589554f96d7fc615fe9.mp4

Nearly half of the corporate money flowing into this year’s election is coming from the crypto industry, with $120 million still available to deploy.

So far, 36 out of the 42 candidates supported by pro-crypto super PACs have won their elections.https://m.primal.net/KJUo.mov

Bitcoin scams target the uninformed and overly trusting. Learn the latest tactics and how to avoid them in 2024.

https://bitcoinnews.com/opinion/bitcoin-scammer-list-2024-update/

So this is the new attack line?

If you like us on Nostr, then you’ll love us in your 📥 inbox 👇

https://weekly.bitcoinnews.com/

MARA CEO Fred Thiel on using #Bitcoin mining to reduce methane gas emissions 👀

From Sustainable Bitcoin Protocol https://video.nostr.build/315f77fdb5519d40e5079669a409190e6792f95827e59e6341097a744c917b97.mp4

What has been the best part of #nostriga?

Replying to Avatar Gigi

I was just walking down the street, coffee in hand, suddenly realizing how "normal" it all is already. Like most days, I went to a coffee shop that accepts lightning. Like most days, I paid directly with sats that someone zapped me here on nostr. Like most days, neither the merchant nor myself thought twice about it, or took a minute to marvel at what just happened.

So, allow me to do just that. Marvel at what just happened. While everyone is having a fantastically crazy time at #nostriga, uncountable people are using bitcoin in a myriad of ways. Some for savings, large and small; some for transactions, large and small; some for other stuff. Bitcoin is slowly but surely entering the world stage. Some commentators will tell you that this is good. Some commentators will tell you that this is bad. Whatever the case may be, it is unavoidable.

I see nostr under a similar light. As platform-based manipulation and censorship ramps up—which it inevitably will—the usage of nostr will ramp up too, and with it the usage of zaps and everything else that comes with it. And soon enough, buying a coffee (or breakfast, lunch, and dinner) with zap-based income will be normal. Just like it's "normal" to be an "influencer" today, or a "YouTuber" or whatnot... It's not everyone's cup of tea, but it's a normal thing. Anyone can do it.

Back to my coffee. I remember when I had the "oh my god, I can live on bitcoin here!!!" experience for the first time. It was in Bitcoin Jungle, a couple of months after the initiative was launched. I stayed there for 2 weeks or so, buying the necessities of daily life with sats outright. And it worked. Flawlessly. I had zero payment failures, and was exclusively using Zeus with my own node. It was incredible.

Why is this incredible, you ask? Shouldn't stuff just work? Yes, it should. But building out the tech and the infrastructure to make it all work is BLOODY HARD. I remember the first Lightning Conference in Berlin, in 2019. Everyone came, everyone had all their channels and wallets and everything prepared, and ~50% of payments failed. For... reasons.

Fast-forward to today: I go to one of the 100+ merchants in the city that accept bitcoin, a quick tap on the PoS device & QR code scan, boom, done. Is it always perfect? Of course not. Will it get better still? 100% it will. Very soon these merchants will have NFC-enabled devices, and the tap-to-pay experience that people are used to with cards & Apple pay will be normal for bitcoin payments too. If you are in Riga right now, you'll experience this first-hand thanks to Bolt cards and BTCPay Server. It's awesome, it's open-source, and it works. And it will get better still.

We are truly living in the best and weirdest timeline; a timeline where shitposting on the internet can buy you lunch and dinner; a timeline that spawns amazing technological movements like #nostr; a timeline that, every ~10 minutes, allows for a small miracle to happen. A timeline where "magic internet money" is a normal thing; a timeline that, thanks to the magic dust of cryptography, enables anyone to speak about anything, without having to ask for permission. I'm grateful.

Thank you, Satoshi. 🙏🧡

Talk about waking up and smelling the coffee.

"These education projects are very low time preference commitments to the long-term success of El Salvador and its Bitcoin (and tech) policy.” - nostr:npub1pq2ll9l7qdmxsfqyrd5w9gul8c7ftqy9yepcqvc8a2l2ys9zhd6sk42rew

https://bitcoinnews.com/adoption/el-salvador-bitcoin-certification-program/

NEW: #Bitcoin faucet at the Eden Mall in 🇨🇼 Curaçao gives out 10,000 free sats every hour from 10am - 7pm 🙌

From Bitcoin Reef https://video.nostr.build/f65121ecea3e4e67efd1a6df194ee3575cda924506abf555e4999ad057a17a59.mp4

NEW: 🇸🇬 Singapore-based #Bitcoin miner BitFuFu reports an average cost to mine 1 BTC via self-mining of 💵 $51,887 in Q2 2024, compared to $19,344 in Q2 2023, a 168% increase YoY 👀