✊ Cuba's Bitcoin Revolution

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BROUGHT TO YOU BY Hello Bitcoiners! It's Thursday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal! I stacked today, did you? Today's Rundown: The Revolution: Bitcoin as an option for Cubans to peacefully protest and opt out of a broken system. Onto The Balance Sheet: Metromile's bitcoin adoption. Miners HODL: North American mining's unprecedented growth. Mining At Home: How to mine bitcoin as an individual.  Let's do this. THE REVOLUTION Inside Cuba's Bitcoin Revolution By Alex Gadstein As political demonstrations show the world that Cubans are tired of dictatorship, Bitcoin is providing an option to peacefully protest and opt out of a broken system. Another eye-opening piece by Alex Gladstein, where through a set of interviews with the local community, he narrates the history of hardships and economic misery lived by the Cuban population throughout the years, after it had been one of the richest countries in Latin America. In a place where financial external communication is heavily controlled, bitcoin is becoming a way for the young population to connect with the outside world. When the government is not there to help its citizens and the current financial system propagates structural inequality, the only thing left to do for society is to search for the solution by their own hands, and in this moment bitcoin is hope and a path forward for achieving freedom. "In Cuba, there are two options," he added. "You can leave Cuba and escape the Matrix, or you can stay and play the game. Bitcoin is a cheat code to play the game. Now, I choose to stay." Read More → ONTO THE BALANCE SHEET Digital Insurance Platform Metromile Purchases $1 Million in Bitcoin By Alex Mcshane Metromile purchased $1 million worth of bitcoin. The company announced it will soon implement a bitcoin payment solution on its platform, and that it would purchase additional bitcoin. Metromile, a digital pay-per-mile auto insurance firm, gets one step closer to the bitcoin standard. The company has previously announced a purchase of $1 million in bitcoin, and now its plan to purchase an additional $10 million in bitcoin and to implement a payment solution to facilitate insurance payouts in bitcoin. "We believe in the transformative potential of blockchain technology. We are still in the early days of realizing how this shift to decentralized finance and cryptocurrency will create enduring advantages in insurance, but we believe that offering bitcoin as an option for premium and claims payments would be an important first step." - Dan Preston, CEO of Metromile. Read More → THE DAILY BITS Click the links: 1. Strike CEO Jack Mallers announced this week that his Lightning Network payments platform is launching a bitcoin withdrawal tab on its popular app. 2. One of the best buy indicators in bitcoin flashed this week, suggesting the price is primed to explode. 3. All Coinfloor customers are able to get their fees on automated bitcoin buys slashed and fees for lump sum single buys have been halved. 4. Jordan Peterson released a podcast episode about bitcoin, becoming the latest public intellectual to share his thoughts. 5. An Indian bitcoin exchange will be allowing its users to purchase everyday goods such as pizza and coffee with bitcoin through in-app vouchers. 6. Bitcoin Optech Newsletter: Details a JoinMarket implementation improvement for CoinJoin bitcoin mixing and more. 7. "Bitcoin Magazine Podcast": Discussing potential tapering by the Federal Reserve, economics in China, U.S. legislation and more through a Bitcoin lens. MINERS HODL Chinese Crackdown Allow North American Miners To HODL More Bitcoin By Namcios Since China started cracking down on bitcoin mining, North American miners have enjoyed lower difficulty to mine and HODL more BTC. The North American mining industry reported unprecedented growth in its operations for the month of July. Since most of the hashing power in China was turned off in June due to the country's regulations, miners in North America harnessed the opportunity to increase their total amount of bitcoin mined by 58%, without a meaningful increase in its hash rate capacity.  One of the most interesting factors is that miners seem not to be selling on the previous weeks. Which reflects both long-term conviction, and a consensus on an expected appreciation. Read More → MINING AT HOME The Plebs Guide To Bitcoin Mining At Home By Raymond Walsh If you care about the health of the Bitcoin network, you should consider mining bitcoin at home. Here's how you can get started. A great piece for an introduction to bitcoin mining answering the main questions all bitcoiners asks themselves at some point on the journey: Why should I mine bitcoin? How do I mine bitcoin? What bitcoin miner should I buy? Is it ok to buy through Alibaba? How profitable it is? "So, if you're interested in the profit aspect of mining, you need to decide if you think the price will increase or not, and let's be honest, you probably haven't read this far without being somewhat bullish on Bitcoin." - Raymond Read More → CHART OF THE DAY By Dylan LeClair Yesterday was the one year anniversary of bitcoin being announced to be a treasury reserve asset of MicroStrategy. Since that date: $MSTR: +448.97% $BTC: +308.15% Keep stacking! GIVEAWAY We're excited to be celebrating our 10th Twitter anniversary in August by giving away 10 Bitcoin 2022 conference tickets. The giveaway will start Sunday, August 1 at 12:00 p.m. ET and run until August 31 at 12:00 p.m. ET. The winner will be contacted by email on Wednesday, September 1. To enter, go to: http://www.rafflecopter.com/rafl/display/b28baf753/ Enter Giveaway → Received this newsletter from a friend? Sign up to get the best of Bitcoin delivered straight to your inbox. HEY, WE'RE HIRING! Today's email was brought to you with ♥ by Bam and Joe. Keep on reading, keep on stacking. PODCAST   JOBS   SHOP Copyright © 2021 BTC Media, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: BTC Media 438 Houston Street Nashville, TN 37203 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.