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#Introductions #Nostr

🇸🇻 El Salvador plans #Bitcoin policy changes to secure U.S. $1.3 billion IMF loan. :cointelegraph:

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:schiff: "It's one thing when private citizens voluntarily waste their own money buying #Bitcoin. But it crosses the line when they bribe government officials to squander the public's money buying it. Bitcoin is now public enemy number one."

— Peter Schiff

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:microstrategy: MicroStrategy just bought another 21,550 #bitcoin for U.S. $2.1 billion.

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Michael Saylor predicts #Bitcoin to reach a U.S $280 trillion market cap by 2045.

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:amazon: Amazon shareholders urge company to allocate at least 5% of its assets to #Bitcoin.

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Schiff is self destructing in front of our eyes.

Share this note with #LuckyDuck for a chance to win 5000 sats.

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:opinion: Opinion:

Bitcoin's scalability and extended functionality depend heavily on Layer 2 (L2) solutions built atop its main chain. However, not all L2s are created equal. There are two distinct development paths for Bitcoin L2s, and it's crucial to recognize which aligns more closely with Bitcoin's native principles. An L2 that introduces its own gas token, additional currency, or even wrapped BTC diverges from Bitcoin's core ethos. Users transacting through such L2s often compromise the very qualities that make Bitcoin valuable, such as decentralization, censorship resistance, and minimized trust assumptions. These tokens introduce separate governance structures and economic models that resemble altcoins more than extensions of Bitcoin itself.

In contrast, L2s like the Lightning Network and Liquid, which operate without their own tokens or centralized governance, stay true to Bitcoin's foundational principles. They scale Bitcoin without introducing unnecessary complexities or third-party trust dependencies. Be cautious of projects like STX and similar upcoming L2s that masquerade as Bitcoin extensions while functioning more like altcoins. They often serve as profit-driven enterprises rather than genuine Bitcoin scaling solutions. The Bitcoin ecosystem needs authentic, native scaling solutions built on successive layers that inherit Bitcoin's core attributes. We look forward to the promising developments underway that aim to achieve this vision.

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:ark: ARK Invest :wood: CEO Cathie Wood says, "Even after breaking through $100,000, #Bitcoin still is in early innings."

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🇨🇿 Czech Republic exempts long-term #Bitcoin holdings from capital gains tax.

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If you bought #Bitcoin with your $1,200 covid stimulus check in 2020 you'd now have almost $20,000."This stimmy check is going the way Papa John's pizza."

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Foundry, the world's largest mining pool with roughly 30% of all Bitcoin hashrate, has cut 60% of its workforce

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🇨🇱 Central Bank of Chile has ruled out adding #Bitcoin as a reserve asset, citing non-compliance with IMF standards for foreign reserves.

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Semler Scientific adds 303 #bitcoin, bringing its total to 1,873.

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what des it mean to do self-custody your Bitcoin !!!!