Yep, the low-fee environment we’ve had for years won’t last forever.
Bitcoin transaction costs have been higher than normal this month.
If you think about it, it’s kind of surprising that #BTC transaction costs are ever low to begin with. After all, Bitcoin is the strongest money in history, and outshines its competitors in almost every way. So the real surprise is that such a small percentage of earth’s population currently uses Bitcoin regularly.
Suffice it to say that I don’t believe that will be the case forever, because #Bitcoin adoption continues to grow massively with each passing year. When we arrive at the point where billions of people are trying to use Bitcoin everyday, it’s almost certain that the transactions that do make it across the base layer chain will be rather expensive.
I released an article this morning assessing the current state of transaction costs on Bitcoin. Check it out:
https://hifibitcoin.substack.com/p/decentralized-money-comes-with-a-cost
A couple of days ago, I made the following comment:
“#BTC is simply too great as money to expect that most countries won’t eventually move to incorporate Bitcoin somehow within their borders.”
The country of Liechtenstein has provided further proof of my sentiment by opening itself up to the possibility of allowing citizens to pay for public services with #Bitcoin.
I believe that Bitcoin is money that benefits any user, whether a government, corporation, or everyday person like you and me, and I share thoughts like this often. Check out my Bitcoin-only educational platform for more:
https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop
News came out recently that the Kingdom of Bhutan has been mining #Bitcoin for several years in order to help shore up its national budget.
Is it any wonder that another government has realized the benefits of a money that retains its value over the long-term in the face of never-ending fiat inflation and that can’t be controlled by any other country?
It’s impossible to say how long it will take, but #BTC is simply too great as money to expect that most countries won’t eventually move to incorporate Bitcoin somehow within their borders.
I believe that Bitcoin is global money and I share thoughts like this often. Follow me and check out my educational platform for more:
https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop
The monetary networks of today subject their users to immense oversight and overreach by the centralized intermediaries that control them, meaning that our financial freedom has become more limited as time has passed.
#Bitcoin provides the only known solution to the problem of centralized money. Ownership of money on the #BTC blockchain is tracked forever thanks to the continuous chain of transactions maintained by the network. No centralized intermediaries are required, nor indeed can they stop Bitcoin.
I released an article this morning analyzing what makes Bitcoin the first and only decentralized money in the world. Check it out:
Bitcoin is a one-of-a-kind technology. No other money in the world is as resistant to inflation, confiscation, and censorship, meaning that no other money grants as much financial self-sovereignty to its users as Bitcoin does. The #BTC blockchain is also the only truly decentralized monetary network in existence, meaning that no other monetary network, including those residing on top of other blockchains, is as resistant to control as Bitcoin.
People deserve the opportunity to hear and understand the truth about Bitcoin. They deserve to understand that #Bitcoin is distinct among its “peers” — that it has no equals. So I released an article this week comparing the true decentralization of Bitcoin against the fake decentralization of the Algorand blockchain.
Check it out:
https://hifibitcoin.substack.com/p/decentralized-in-name-only-arguing-against-algo
Gold’s lack of changeability as humanity grew and became more mobile led to its centralization decades ago — gold was simply too heavy to carry around, so people left their gold in banks and used paper currencies instead.
Bitcoin on the other hand is programmable, which means it can grow and change to meet new challenges, if the community around it agrees that it should. With that level of functionality, there’s no reason to believe that #Bitcoin couldn’t still operate perfectly well as money many millennia from now.
I released an article this week analyzing several ways in which #BTC is better money than gold ever was. Check it out:
https://hifibitcoin.substack.com/p/bitcoin-is-better-than-gold
There are two sides to every story:
Certain ill-informed critics want you to believe that #BTC miners are harming energy grids, customers, and the environment in Texas and elsewhere.
That couldn’t be further from the truth.
Energy providers in Texas have been incentivized for example to build infrastructure and improve technology in order to serve Bitcoin miners, and that has resulted in stronger energy grids, benefitting ALL local energy customers.
Choose to see the truth.
I released an article last year dissecting ways that #Bitcoin has benefitted the state and people of Texas. Check it out:
https://hifibitcoin.substack.com/p/bitcoin-mining-saved-texas-energy-grid
Indeed! Every miner, node, and user can help build a stronger, more decentralized network.
People are often surprised when they see someone acquiring lots of #Bitcoin, like Michael Saylor does for example.
Whether a person has a lot of wealth or just a little bit, we shouldn’t be surprised to see them store as much of it as they want in the best money in the world.
Plus, since Bitcoin is in the process of monetizing, early adopters who choose to store their wealth in Bitcoin before everyone else does may see even greater upside as much of the rest of the world moves onto a #BTC standard over the coming decades.
I released an article this week discussing why Bitcoin ownership doesn’t dilute the network’s decentralization in the least. Check it out:
https://hifibitcoin.substack.com/p/fudbusters-btc-ownership-doesnt-centralize-chain
Bitcoin mining is an essential way to support decentralized, censorship-resistant money that’s available to people of all walks of life around the globe. Bitcoin would not be #Bitcoin without mining and Proof of Work.
People everywhere should have the freedom to mine #BTC if they want. While the past has taught us that mining bans aren’t successful anyway, it’s nice to see the right to mine being protected instead of attacked in places like Arkansas.
I believe that Bitcoin is great money on a global scale, and I share thoughts like this often. Follow me and check out my educational platform for more:
https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop
Decentralization is undoubtedly one of Bitcoin’s most valuable characteristics. #Bitcoin, in light of its near-total resistance to any form of control, is perhaps the most decentralized network on the planet.
So there’s no need to shortchange ourselves by incorporating the fake decentralization of “Crypto” into our lives. On the #BTC blockchain, you and you alone are in control of your financial future. No foundation or founders can force you to use Bitcoin one way or another, nor does Bitcoin have investors or employees on the backend pulling the strings.
I released an article yesterday analyzing the centralization of one of “Crypto’s” new upstarts, Arbitrum. Check it out:
https://hifibitcoin.substack.com/p/decentralized-in-name-only-arbiter-for-arbitrum
This week Twitter decided to start telling its users that links from me and countless other people operating newsletters on Substack’s platform are “spammy or unsafe” because of an apparent feud between the two companies.
Censorship rears its ugly head once again. Luckily, life without Twitter goes on.
Many victims of censorship aren’t so lucky though. They live in areas where censorship means they’re physically harmed for sharing their opinions and beliefs or kicked out of the financial system and left with no way to pay for life’s basic necessities.
#Bitcoin isn’t a cure for all censorship, but it certainly does allow people to extricate themselves from traditional finance, which has been built up over centuries to take away their financial freedom.
That’s why I spend so much time writing my #BTC newsletter. We deserve to know that an anti-censorship, financially freeing monetary network is out there.
Join me and together we can beat back financial censorship 💪🏼
*BTW, if you enjoy learning about Bitcoin with me and want to make sure we don’t lose contact next time a social media platform tries to silence me, subscribe to my newsletter at the link in the comment below:
https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop
This week Twitter decided to start telling its users that links from me and countless other people operating newsletters on Substack’s platform are “spammy or unsafe” because of an apparent feud between the two companies.
Censorship rears its ugly head once again. Luckily, life without Twitter goes on.
Many victims of censorship aren’t so lucky though. They live in areas where censorship means they’re physically harmed for sharing their opinions and beliefs or kicked out of the financial system and left with no way to pay for life’s basic necessities.
#Bitcoin isn’t a cure for all censorship, but it certainly does allow people to extricate themselves from traditional finance, which has been built up over centuries to take away their financial freedom.
That’s why I spend so much time writing my #BTC newsletter. We deserve to know that an anti-censorship, financially freeing monetary network is out there.
Join me and together we can beat back financial censorship 💪🏼
*BTW, if you enjoy learning about Bitcoin with me and want to make sure we don’t lose contact next time a social media platform tries to silence me, subscribe to my newsletter at the link in the comment below:
https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop
This week Twitter decided to start telling its users that links from me and countless other people operating newsletters on Substack’s platform are “spammy or unsafe” because of an apparent feud between the two companies.
Censorship rears its ugly head once again. Luckily, life without Twitter goes on.
Many victims of censorship aren’t so lucky though. They live in areas where censorship means they’re physically harmed for sharing their opinions and beliefs or kicked out of the financial system and left with no way to pay for life’s basic necessities.
#Bitcoin isn’t a cure for all censorship, but it certainly does allow people to extricate themselves from traditional finance, which has been built up over centuries to take away their financial freedom.
That’s why I spend so much time writing my #BTC newsletter. We deserve to know that an anti-censorship, financially freeing monetary network is out there.
Join me and together we can beat back financial censorship 💪🏼
*BTW, if you enjoy learning about Bitcoin with me and want to make sure we don’t lose contact next time a social media platform tries to silence me, subscribe to my newsletter at the link in the comment below:
https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop
I’d argue that the best way to get Bitcoin, while simultaneously supporting the blockchain as much as possible, is through mining.
Bitcoin in its true form cannot exist without mining because #Bitcoin cannot exist outside of its blockchain…which requires mining to operate. So mining is productive because it provides for Bitcoin’s continued existence.
Is it any wonder then that Bitcoin’s hash rate is jumping so much? Bitcoin’s value and desirability have seen massive increases over the years, and there’s a community of millions of people and businesses working to build the #BTC blockchain.
I wrote an article a while ago teaching the basics of Bitcoin mining. Check it out:
https://hifibitcoin.substack.com/p/asics-the-evolution-of-bitcoin-mining
Trading #Bitcoin for “stablecoin” tokens on other blockchains opens people up to a number of risks that simply wouldn’t exist otherwise. For example:
•Users expose themselves to risks inherent to the other blockchains, such as centralization and censorship.
•Those stablecoins typically rely on smart contracts, many of which are infamous for being glitchy and susceptible to hacking.
•Bitcoin stablecoins require users to give their #BTC private keys to custodians or “signers”.
Why risk it?
I released an article a couple of days ago explaining why I believe that Bitcoin stablecoins aren’t worth the risk. Check it out:
https://hifibitcoin.substack.com/p/not-your-keys-bitcoin-stablecoins
No doubt about it. There IS a problem and #Bitcoin IS the solution.
Central banks and the governments behind them have been printing money like there’s no tomorrow for decades. Every time they do, your wealth, purchasing power, and quality of life take a hit, even if it isn’t immediately apparent.
#BTC supporters call it the “escape hatch” because no government in the world can control Bitcoin or print more Bitcoin. In short, Bitcoin allows us to escape government fiat and control like no other money in the world.
I believe that a better world will be built with Bitcoin as money, and I share thoughts like this often. Follow me and check out my educational platform for more:
https://hifibitcoin.substack.com/p/your-bitcoin-one-stop-shop
While I’m an avid supporter of custodying one’s own #Bitcoin, some people think differently than me and won’t hesitate to use the services of banks well into the future, including after they’ve moved onto the Bitcoin standard.
On the bright side, #BTC banks could help fund Bitcoin mining as the block subsidy decreases to zero. There are tens of thousands of banks around the world, each needing to settle balances with large groups of their peers. Someday each of those banks could very well be settling their balances in Bitcoin.
I wrote an article this week analyzing how Bitcoin banks may fund Bitcoin mining and aggregate transactions. Check it out:
https://hifibitcoin.substack.com/p/fudbusters-btc-can-survive-on-transaction-fees
Why should we entrust our wealth to banks if we don’t have to? If the last few weeks have reminded us of anything, it’s the fact that “money in the bank” can be worth literally nothing more than empty promises that we’ll get it back.
#Bitcoin is the alternative we’re looking for. Bitcoin on the #BTC blockchain are resistant to censorship, confiscation, and inflation. On top of that, you can custody your own Bitcoin with relative ease instead of giving them away to a bank or custodian.
If you want to learn why you should self-custody your Bitcoin and how to do it, start your journey by checking out the series of self-custody primers I wrote:
https://hifibitcoin.substack.com/p/self-custody-can-be-the-best-way-to-bitcoin