WTFBitcoin Week 1,2023
Bitcoin can't be stopped.
TLDR: Bitcoin turns 14 years old, Saylor continues buying bitcoin, Home Miners become more innovative, Lightning continues to grow and shine.
Hey there, and happy new year niblings! It’s uncle Bam coming back again with digesting for you of all important good news in the bitcoin space.
It is really crazy to think that this issue here marks the culmination of two years of consecutively collecting good news in the space on a weekly basis, and the beginning of the third one. But more importantly rather than my time doing this, is the time bitcoin has been operating & continuing to produce block by block every 10 minutes for as long as it has lived.
This week, 14 years ago on a 3rd of January of 2009, the genesis block was mined. Satoshi Nakamoto released the bitcoin protocol to the public, just two months after he previously announced it in the cypherpunk mailing list, marking the beginning of decentralised digital money.
Even though it is still considered a nascent asset and it’s living through a bear market, its rapid growth is still undeniable, specially compared to traditional FinTech or Legacy Financial Companies.
And its adoption doesn’t seem to stop, as more companies are continuously spawning and innovating on new ways for adoption and continues improvement on its scalability and anonymity features, as uncle Bam has been showing you over the past weeks.
In any case, since I decided to take a break the last week of the year, then let’s hit it with the accumulation of events from the past two weeks! 👇🏼👇🏼
THE NEWS!
1. MicroStrategy bought 2506 bitcoin from November to December 24th. The company's bitcoin holdings are now at 132,500 BTC, acquired for around $4.03 billion at an average price of $30,397 per bitcoin.
In December the company sold for the bitcoin for first time. About 704 BTC were sold just to buy back again a higher amount some days later, taking advantage of a tax harvesting strategy.
2. MicroStrategy plans to release Lightning applications including enterprise infrastructure services and content monetization solutions.
"We want to onboard millions to Lightning" – Michael Saylor
3. Hal Finney's (Major contributor to bitcoin & receiver of the first bitcoin transaction) wife, Fran Finney, is organizing Running bitcoin event, a global run and donation event for ALS research.
4. Sitiveni Rabuka, the newly elected Prime Minister of Fiji, is reportedly pro-Bitcoin and is considering pushing a bill to adopt Bitcoin as legal tender in the country.
5. ANC Pharmacy is enabling bitcoin payments via Binance Pay at more than 1,000 locations across Ukraine.
6. Fedi, a company based on Fedimint, is launching a hackathon that will award 2.5 BTC in prices as a celebration of Bitcoin's 14th birthday.
Fedimint is an open-source custody platform that allows users to store bitcoin and extend its functionality with privacy, smart contracts and more.
7. The first Lightning-enabled Bitcoin ATM has been recently installed in Australia.
8. Binance now lets users buy Bitcoin with Apple Pay and Google Pay
9. El Salvador's "My First Bitcoin" education project taught more than 10,000 students in 2022 and aims to teach 250,000 students in 2023.
10. Ricardo Salinas, founder and chairman of Grupo Salinas, and owner of Banco Azteca, is promoting Bitcoin in his companies. This week a message to all their customers was sent, offering a 20% discount in electra.mx if the amount was paid in bitcoin.
11. Plebs getting creative and using heating their full house with only 3 Bitcoin Miners. The miners are capable of maintaining 71°F while -20°F.
12. Innovation in bitcoin mining is arriving to the house heating business. Heatbit.com is now offering S9 miners packaged as electric heaters.
13. Lugano, Switzerland, is becoming a place where one can almost fully live on bitcoin. The country just published a full list of merchants accepting the digital currency.
14. Jack Dorsey’s Block is launching its Bitcoin hardware wallet this year, and this is a glimpse of how it looks like.
FUNDAMNETALS
The Lightning Network continues to become more reliable and interconnected as the number of channels increase in an exponential manner.
Cheap and instant payments are great for users – Pierre Rochard.
River reports their routing statistics for 2022, having routed over 3,700 bitcoin in total through their nodes.
Bitcoin is emerging as a useful vehicle for long term savings because of its network stability, hardware wallets, and multisig. Expect this trend to continue as leveraged short term speculators are driven out by volatility. – Pierre Rochard
As a summary note..
Stumble upon this Bitcoin Trivia Account, which has been posting interesting questions daily. Let’s see if you know the answer for todays trivia question!?
Seems that yesterday one is also active, so feel free to give it a go!
Oh boy, oh boy, Every weekend when it’s time to write this weekly recap, uncle Bam gets real bullish. It is incredible to see the direction where all of this is going, and the conviction of bitcoiners in the space.
Have a great weekend niblings.
Stay humble & stack sats.
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Then feel free to donate, a cup of coffee would be highly appreciated.
But more importantly, share this with your friends and family..
Lightning Address: rustybeam47@walletofsatoshi.com
Bullish af. Cheers for 2023 my dude