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Advocates praise Bitcoin’s freedom from interference while deriding “positive” freedoms to act on free will. But Bitcoin requires both. Negative freedom (also known as liberal freedom) is freedom from interference. There can be a master (a king, central authority, government, etc.), but as long as the master is benign and does not interfere, you are considered free. To secure negative freedom, you need positive freedoms , but not for the same reasons as liberal thinkers have understood them. Defining freedom solely in the liberal sense brings out the traps that can be used arbitrarily. To overcome this predicament, Quentin Skinner and Philip Pettit offer a third alternative conception of freedom: freedom as non-domination. In a recent conversation with Lex Fridman, Human Rights Foundation Chief Strategy Officer Alex Gladstein defined freedom (and Bitcoin freedom) as dichotomies: negative and positive. This duality was introduced by Isaiah Berlin, following Thomas Hobbes, John Lo...

Powell said it’s time to retire the word “transitory” when discussing inflation; Bitcoin is the people’s lifeboat. It's time to retire the word transitory when describing inflation, said Fed Chair Jerome Powell during Senate testimony on the economy today. Powell explained its asset purchases could come to a halt earlier than planned next year. Bitcoin offers the chance for people to opt-out of unpredictable monetary policies and eroding purchasing power. Federal Reserve Chair Jerome Powell said the central bank’s asset purchases could end sooner than planned amid rising inflation rates and a more robust U.S. economy, reported Bloomberg . As inflation runs rampant, bitcoin comes to the rescue. “It is appropriate, I think, for us to discuss at our next meeting, which is in a couple of weeks, whether it will be appropriate to wrap up our purchases a few months earlier,” Powell reportedly said Tuesday. “In those two weeks we are going to get more data and learn more about the n...

Nick Foster of Houston-based bitcoin mining company Kaboomracks joins Bitcoin Magazine for an interview, discussing the current state of at home mining. Home and apartment bitcoin mining is enjoying a wave of popularity right now as bitcoiners recognize all the positive spin-offs of mining at home  —  home heating, greenhouse projects, and just plain being part of the bitcoin revolution. A number of companies including Compass Mining , Kaboomracks , and Scott Offord have stepped in to try and meet the increasing demand. Upstream Data is marketing its new Black Box designed for home mining and will start shipping in early December. Many enthusiastic, would-be home miners in combination with supply chain delays have backed up sales causing companies to warn of long delays in delivery times. Kaboomrocks, based in Houston, Texas, is currently advising customers it will be assuming longer 4 and 5 week delivery times. In a recent interview with Bitcoin Magazine , Kaboomracks...

Bitcoin's hash rate has risen over 80% since the Chinese ban on mining and might make a new all-time high soon. The Bitcoin network hash rate is near complete recovery from China's ban of mining. The metric has increased over 80% in the past five months and is close to a new all-time high. Bitcoin has demonstrated deep resiliency and antifragility in the face of a severe stress test and is about to overcome that completely. The Bitcoin hash rate has showcased deep resiliency since the Chinese bitcoin mining ban, having climbed over 80% in five months to get close to its previous highs. When the country with the largest share of Bitcoin hash rate at the time began enforcing nationwide efforts to crack down on the industry , a considerable amount of miners were forced offline. As a result, the Bitcoin network total hash rate plummeted to 84.79 exahashes per second (EH/s) in early July, per Coin Metrics data. The metric has since recovered almost completely, and at the tim...

The Purpose Bitcoin Yield ETF employs a derivatives-based covered call strategy to pay monthly yield to investors. A bitcoin ETF offering monthly yields has been listed in Canada today. The Purpose Bitcoin Yield ETF is live on the Toronto Stock Exchange under the ticker symbol BTCY.B. Purpose Investments employs a derivatives-based covered call strategy to pay investors an expected eight to ten percent annual yield. Canadian investors can now receive a monthly bitcoin yield through a new exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX), reported Yahoo Finance . The Purpose Bitcoin Yield ETF employs a derivatives-based covered call strategy to pay investors a monthly yield. The fund was created by Purpose Investments, the asset manager that launched the first bitcoin exchange-traded fund (ETF) in North America. The pioneering product launched in February broke records in its opening week after trading $80 million worth of shares within the first hour and $2...

Digital transformation has laid the ground for new assets in the modern economy. As we move forward to the end of 2021 – a year of new trends – the hype around NFTs and the increased interest of companies in unique digital assets shows no sign of cooling down. The strong development of NFTs is opening up new solutions for all aspects of marketing. Among the new supporters of this trend, Budweiser is the latest brand to attract attention as it enters the world of NFTs . Budweiser and NFTs Budweiser is introducing its own NFTs, which will be the first leap in the company’s larger crypto ambitions. Cyber Monday marked the debut of Budweiser’s first series of NFTs: Budverse Cans: Heritage Collection, today. The series will span 1,936 individual NFT collections, alluding to the year the companies began releasing canned beer. Each NFT will include vintage photos, advertising, and historical chart design elements from the brand. “Now you can own a piece of history and a collectible th...

Crypto Giving Tuesday returns this year to connect bitcoin donors with over 1,000 nonprofits from various sectors. Philanthropy platform The Giving Block is launching the Crypto Giving Tuesday initiative on Tuesday, November 30, according to a statement sent to Bitcoin Magazine . The campaign will take place on the same day as the world’s most prominent day of global generosity, Giving Tuesday, to connect bitcoin donors with nonprofits across various sectors. The Giving Block facilitates nonprofit organizations’ experience in receiving donations in bitcoin and other cryptocurrencies. Philanthropic investors can browse and contribute to the cause they identify more with by sending direct bitcoin donations rather than converting the desired amount to fiat currency and donating that instead. Donors can avoid capital gains taxes from the sale of cryptocurrency and enable a bigger donation to reach the nonprofit, a win-win for both parties. “People can avoid giving proceeds to the IRS ...

Bitcoin comes amidst a time of great noise and distraction; how does one identify and extract true signal? Since I started investing, a concept I learned in my scientific background has helped me realize that there is a great mix of noise and signal in the information available to the average investor. In all news portals, there is always a great mix between information that is relevant and information that is useless. The Bitcoin ecosystem is no different. It is possible to find both excellent quality information for free, as well as videos on YouTube with traders making weird mouths and amplifying any FUD or FOMO triggered by the media. Information for long-term fundamentalists (we the HODLers) and for day traders is always presented to beginners in a disorganized manner, so confusion is the common state. Basically, the beginner doesn't know how to separate the wheat from the chaff. Despite this being the common scenario, I've never seen much good content with a macro view...

At the time of writing this article, there are over 7,000 cryptocurrencies run across unenumerated protocols, on countless decentralised exchanges (DEXs), and counting. At a macro level, that stands to signal good rates of crypto adoption. But, as every crypto trader and his dog knows by now, in DeFi, quantity does not mean quality. Indeed, the real challenge in assessing DeFi projects these days is to find the projects that are so remarkable, so far off the richter scale, so immutable, that you’d be kicking yourself if you passed them up. Enter Balancer Labs. Balancer Labs , the Lisbon-born start-up turned $BN+ DeFi platform, offers a DEX of its own, with three remarkable differences: (1) Programmable Liquidity Pools for developers, start-ups and traders, (2) Managed Index Funds for traders, and (3) its Balancer-Gnosis Protocol for unmatched levels of cryptosecurity in its offerings. Programmable Liquidity Pools First, if you didn’t already know it, Balancer Labs is the undispu...

There’s no denying the fact that the crypto market has continued to grow from strength to strength over the course of 2021, as is best showcased by the fact that the sector as a whole has seen its value triple from $1 trillion to $3 trillion within a span of the last 9 months. Not only that, even the innovation that has come about as a result of this rapid expansion has been staggering, to say the least. For example, the core concept underlying non-fungible tokens (NFTs) seems to have really piqued the interest of investors around the globe. Similarly, even the decentralized finance (DeFi) sector has grown to become a full-fledged market in itself over the last couple of years, thus showcasing the tremendous possibilities put forth by crypto. NFTs, in particular, are a class of digital assets, that continue to draw people to them each passing day since these offerings present owners with digital receipts representing ownership of literally any asset under the sun — be it physical o...

Calamari Network , built on the Substrate framework, is running as a canary net on Manta Network. This is a big milestone for the Calamari Network , and will lead to faster progress for the project. On November the 29th, KuCoin listed the Calamari token (KMA) and open the KMA/USDT trading pair! The canary net is a test environment on the Kusama blockchain for projects that operate on Polkadot. Running on Kusama, several new and exciting features will be tested before its final release on the Polkadot chain. Calamari is now the 7th real-world parachain on Kusama, and the only plug and play privacy preservation parachain to perform for the whole Kusama chain. The same will be done for Polkadot by Manta Network soon. Privacy to transactions and swapping are guaranteed by the zkSNARKs private layer, built for the entire Kusama DeFi ecosystem. This zkSNARKs private layer offers leverage for scalable privacy, and its Substrate framework delivers leverage for interoperability. Also, tw...

Shortly after withdrawing a futures-based offering in the U.S., the asset manager has entered Europe with a spot-based one. Invesco has launched a bitcoin exchange-traded product in Europe. The Invesco Physical Bitcoin fund is listed on the Deutsche Boerse under the ticker symbol BTIC. The offering is “physically”-backed by bitcoin and tracks the CoinShares reference price index, minus fees. Asset manager Invesco has launched a spot bitcoin exchange-traded product (ETP) in Europe, reported ETF Stream . The offering is “physically” backed by actual bitcoin and tracks the CoinShares Bitcoin Hourly Reference Rate index, seeking to deliver the performance of BTC minus fees. “In the last two to three years, we have been trying to structure a product that looked, from an institutional point of view, as close as possible to a traditional ETF like our gold structure, and that has been the driver of BTIC’s timeline,” Gary Buxton, head of EMEA ETFs and indexed strategies at Invesco, told ...

JP Sears, a comedian, freedom advocate and cofounder of Lightning Network social platform Zion, discusses the future of Bitcoin. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Rumble In this episode of the Bitcoin Magazine podcast, host Christian Keroles was joined by comedian, freedom advocate and cofounder of Zion, J.P. Sears. “I think freedom is what makes life worth living, period,” Sears said. “And I think freedom is so valuable, that it’s the one thing that all people will eventually be willing to die for.” Sears described how an interview between Tony Robbins and Michael Saylor initially catapulted him down the Bitcoin rabbit hole and allowed him to see Bitcoin as an amazing tool for freedom and sovereignty. After gaining an understanding of Bitcoin, Sears took action and became heavily involved in the Bitcoin space as the cofounder of social media company Zion. Zion is a censorship-resistant platform built on ...

The biggest corporate bitcoin holder has added 7,002 more bitcoin to its stack in a $414 million purchase. MicroStrategy has added 7,002 bitcoin to its holdings in a purchase of approximately $414.4 million, an average price of $59,187 per BTC, the company disclosed in a filing with the Securities and Exchange Commission (SEC). The software intelligence firm now holds around 121,044 BTC acquired at an aggregate purchase price of $3.57 billion, averaging approximately $29,534 per bitcoin. The company financed the acquisition by selling class A common stock, which the company previously disclosed in June. According to the filing, the company had issued and sold 571,001 shares for $414.4 million during the fourth quarter, between October 1 and November 29. Each share sold for an average price of $732.16. MicroStrategy has an impeccable track record of purchasing bitcoin as the price dips. The company is the biggest corporate holder of bitcoin in the world, excluding financial funds an...

Many think that smart contracts are only executable on overly-complex blockchains, but Bitcoin is a smart contract platform by definition. What is a smart contract? This is a question that, these days, has become impossible to answer without starting the digital equivalent of a bar fight. The minute that term is thrown out in a conversation, most people immediately think “Ethereum,” or “Solana,” or “TRON” or any of these decentralized in name only (DINO) projects that have popped up over the years since the inception of Bitcoin. Most new or uninformed people in this ecosystem probably think that the term “smart contract” was coined by projects like Ethereum, and that these projects literally invented them. When they hear “smart contracts,” they probably immediately start thinking about decentralized autonomous organizations (DAOs), decentralized exchanges, automatic market makers and other such Turing-complete applications on Ethereum. Conceptually, anything that doesn’t approach t...

High transactional costs are always one of the biggest challenges Ethereum users are struggling to deal with. The team and community have waited in expectation of Ethereum 2.0’s release as the ultimate solution for current issues with the system. Despite all promises, data from crypto metrics site BitInfoCharts shows that the future outlook might not be as rosy as it’s going to be unless change is underway. Ethereum’s Growing Problem Up until now, high gas fees have remained a specific feature of the Ethereum network. According to statistical data from BitInfoCharts, the transaction fee reached $51.45 on average. This unbelievable level was much higher than at the beginning of 2021 . Several scaling strategies have been developed in recent years to help reduce transaction costs. Polygon was released in 2019 and is perhaps the first big Ethereum scaling solution. With Plasma, the network offloads transactions from the main Ethereum blockchain to a sidechain. This year, Ethereu...