- Bitcoin Minimalist
- Posts
- The Bitcoin Minimalist Week 17- Africa Conference, Gemini, And Riot #1 Miner
The Bitcoin Minimalist Week 17- Africa Conference, Gemini, And Riot #1 Miner
To catch the weekly synopsis, consider subscribing to The Bitcoin Minimalist!
News
Africa Bitcoin Conference
@AfroBitcoinOrg is hosting its Bitcoin Conference in Ghana. Guests such as Alex Gladstein, Jack Dorsey, and Jack Mallers are attending the event.
The scale of Bitcoin adoption in Africa is absolutely staggering
Today I met people running growing Bitcoin businesses or communities in Somalia, Cameroon, Togo, Nigeria, Ghana, Ivory Coast, Kenya, South Africa, DR Congo, Sudan, Benin, Senegal, Uganda… just to name a few
🌍 🤯
— Alex Gladstein 🌋 ⚡ (@gladstein)
Dec 6, 2022
At the conference, Jack Mallers of Strike announced Kenya, Ghana, and Nigeria support for Strike, all while the Nigerian Central bank limits withdrawals.
Send Globally 🌍⚡️
Strike users can now send US Dollars direct to banks and mobile money accounts in Nigeria, Ghana, and Kenya.
#Bitcoin, as an open, global, instant, free settlement network, is starting to act as the payment rail for the world.
— Jack Mallers (@jackmallers)
Dec 6, 2022
Jack Dorsey from Block also announced an investment in Rural Africa Bitcoin Mining with Gridless.
“Africa only wins with the help of Bitcoin and Bitcoin only wins with the help of Africa” - Obi Nwosu, Fedimint
Digital Currency Group Owes Gemini users $900M
Similar to other earning programs that have failed, Genesis lent out customers funds to secure a fixed stream of income. Now Genesis owes Gemini more in debt through its subsidiary Digital Currency Group. No BS Bitcoin covers it more in-depth here.
Riot Now the #1 Public Bitcoin Miner By Market Cap.
Riot has recently become the largest public Bitcoin miner by market cap, surpassing Marathon. These two companies are more than double the next leading competitor. Riot has been a leader in Texas and Demand Response.
Ledger Hardware Wallet
Ledger has released a touchscreen hardware wallet with an E-ink display called “Ledger Stax.” It has all the capabilities of other hardware wallets, with a larger screen and display.
Price
Another week and we are reviewing the halving cycles again. Every four years, the amount of bitcoin that can be mined per block gets cut in half, which puts some pressure on supply. Some think this is the main factor affecting Bitcoin’s price.
Net Realized Profit/Loss shows when a Bitcoin was “purchased” (as analyzed by Glassnode) and when that bitcoin is under water. The cumulative effect of this can give us a sense of when holders feel the most pain. When there is extended pain, Bitcoin has historically bottomed.
We are currently in another region of pain and realized loss, where it Bitcoin has historically bottomed in previous bear markets.
Tweets
Bitcoin Full Node on Android Phone
Bitcoin full node on Android:
— smartmouse (@smartmouse_)
Dec 2, 2022
Texas is Bitcoin Country
“Texas can be the center of finance in the world for the next 100 years with #bitcoin”
> @mecee testifying in the Texas Senate
— Documenting ₿itcoin 📄 (@DocumentingBTC)
Dec 7, 2022
Not Your Keys
After the dust settles they’re going to try to borrow your #bitcoin again.
They’ll tell you it’s different because “DeFi built on Bitcoin, proof-of-reserves/liabilities/solvency, low-risk yield”.
They’ll say anything to get their hands on your #bitcoin.
Don’t fall for it!
— Bitcoin is Saving (@BitcoinIsSaving)
Dec 2, 2022
Programmed Scarcity
Today the annualized inflation rate of Bitcoin is 1.71%.
One year from today the annualized inflation rate of Bitcoin will be 1.68%.
Good luck getting this level of predictability from a central bank issued currency.
— Jameson Lopp (@lopp)
Dec 5, 2022
Global Bitcoin Adoption
No force on earth can stop #Bitcoin when the time has come.
— Michael Saylor⚡️ (@saylor)
Dec 4, 2022
Debt to Miner Ratio
Mirror, mirror on the wall, who are the strongest public #bitcoin miners of them all?
— Jaran Mellerud 🟧⛏️ (@JMellerud)
Dec 5, 2022
Jobs
We have recently launched Bitcoinjobs.com! Looking for a job in the Bitcoin space? Visit Bitcoinjobs.com for more job openings.
What to read
Where Bitcoin's Critics Are Wrong
- Serge d'Adesky, Seeking Alpha