Opinion
On-Device Proofs Solve DePIN Verification Challenges
Published
4 months agoon
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adminProofs should ideally be generated on sensors, location trackers, compute nodes, and other devices. Local proving ensures that proof data remains in the hands of the network participants and doesn’t centralize operations – aligning with networks’ core principles. Proof verification can take place locally, on cloud networks, or on chain, depending on how the network is structured.
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Why $100,000 Bitcoin Is Right Around The Corner
Published
16 hours agoon
November 19, 2024By
adminIf you have been following Bitcoin news today, like I have, you can not be more bullish on Bitcoin. Seriously, what a time to be alive!
Just today:
- MicroStrategy purchased another 51,780 BTC for $4.6 billion and announced its plans to raise $1.75 billion to buy more bitcoin
- Semler Scientific bought another 215 BTC for $17.7 million
- Genius Group launched its Bitcoin treasury by purchasing 110 BTC for $10 million
- MARA Holdings announced a $700 million raise to buy more BTC
- Metaplanet issued ¥1.75B debt offering to buy more BTC
- Global healthcare group Cosmos Health adopted BTC as a treasury reserve asset
Insane, right?
The corporate Bitcoin adoption is going absolutely parabolic. The race among public companies to stack the most satoshis has kicked into hyperdrive.
Some other news:
- Donald Trump is meeting with Coinbase CEO Brian Armstrong and is expected to discuss appointments
- Donald Trump’s media $DJT in talks to purchase crypto trading platform Bakkt
- Options trading on BlackRock’s spot Bitcoin ETF could be listed as soon as tomorrow
It’s only Monday, and my head is already spinning! With this tidal wave of positive adoption, I’d be downright shocked if we don’t blast through $100,000 per Bitcoin this week.
I expect a flood of more bullish news and serious FOMO buying pressure this week. Seriously, tighten your seatbelts, folks—with this momentum, Bitcoin hitting a hundred grand is coming sooner than you imagined!
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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A co-worker recently told me about NiHowdy, a platform that helps you save on prescription medication while earning bitcoin rewards in the process.
For context, I’m a fan of bitcoin rewards programs like Fold, which let you earn bitcoin for making everyday purchases (I can’t help but appreciate deals like this — I grew up with a coupon-clipping mom.) I also like that NiHowdy differentiates itself from other bitcoin rewards companies by offering a discount on a product.
While I’ve yet to use NiHowdy, it seems fairly simple to do so. You simply sign up through the company’s website, where you’ll obtain either a discount card or a QR code that can be scanned at selected pharmacies. You can also use the website to compare prices and find the cheapest locations to purchase prescription medication (the company is also working on a mail-order service).
When you pay for your prescription, you’ll earn 3% back in bitcoin, which automatically gets deposited into your Coinbase account. (While I’d prefer NiHowdy had partnered with a different exchange, as I don’t like how Coinbase partners with government agencies to surveil transactions, this isn’t a deal breaker for me.)
NiHowdy sees itself as fighters of Big Pharma…
At Nihowdy, we're not just a prescription savings platform. We're warriors in the battle against big pharma, fighting for your right to reclaim the savings that are rightfully yours. #NiHowdy #PrescriptionSavings
Join us in reclaiming the savings that belongs to you. 💪💊 pic.twitter.com/rTP3MgUWLZ
— NiHowdy (@nihowdyrx) May 31, 2024
…which I’d say is a bit of a stretch, but it does seem to provide a good way to save money on potentially burdensome prescription drug costs while at the same time stacking sats.
The ultimate hack here would be if you could use your Fold debit card to pay for your prescriptions, earning some extra sats on top of the 3% back in sats you earn through NiHowdy.
If that’s possible, I might get so pumped that I’ll need to go and refill my sedative prescription.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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Bible
Would Jesus Be Bitcoin's Biggest Fan? A Holy Take
Published
1 day agoon
November 18, 2024By
adminDid you know the Bible is practically a financial thriller? Yep, it’s got more money talk than a Wall Street boardroom—over 2,300 verses on cold, hard cash. That’s right, the Good Book might as well have been the Good Ledger, with more mentions of money than heaven and hell put together. So, in the spirit of financial enlightenment and a dash of divine humor, let’s ponder a celestial question: Would Jesus have been a Bitcoin enthusiast?
In the cosmic comedy of finance, Bitcoin burst onto the scene like a rebellious angel, vowing to overthrow the old guard of dusty banks and sneezy central bankers. With its blockchain chariot and peer-to-peer prowess, Bitcoin promised a financial utopia: freedom from restrictive permissions, the tyranny of borders, and the inflationary antics of print-happy central banks. But as this digital David takes on the Goliath of traditional finance, one can’t help but wonder: Would Jesus be sporting a “Satoshi Nakamoto” T-shirt?
Jesus had a lot to say about wealth, and not all of it was about giving it all away. He was into fairness, helping the needy, and not letting your left hand know what your right hand’s up to—basically, the first-century version of anonymous transactions. Enter Bitcoin. With its knack for bypassing the money changers of today (looking at you, central banks), could Bitcoin be the modern answer to ancient prayers?
But let’s not convert all our loaves and fishes into Bitcoins just yet. Jesus also warned about the love of money being a root of all kinds of evil. And with Bitcoin’s rollercoaster value, it’s more bipolar than a Galilean storm. Would JC be cool with something that turns investors into overnight millionaires or leaves them crying into their keyboards? Divine verdict: probably not.
Jesus was all about helping the little guy, and Bitcoin’s decentralized gospel sings a similar tune. It’s a financial lifeline for the unbanked masses, promising escape from the clutches of overbearing governments and hyperinflation hellfires. But here’s the heavenly hiccup: Bitcoin’s not exactly the Robin Hood of crypto. Its kingdom is a tad unequal, with a few digital disciples holding the lion’s share of the coins.
In the beginning, Satoshi Nakamoto created Bitcoin. And it was good. Fast forward a few millennia (in internet years), and Bitcoin’s disciples are spreading the good news far and wide. Like Jesus’ OG crew, they’re on a mission to liberate the financial faithful from the Romans—err, central banks—of our time. But instead of crosses, they bear the mark of the Bitcoin, preaching the blockchain gospel of hope and financial freedom.
Despite being crucified by critics more times than we can count, Bitcoin keeps rising from the dead. Its resilience mirrors the biblical tales of underdogs and persecuted heroes, proving that sometimes, faith (and a good encryption algorithm) can move mountains—or at least market caps.
Picture this: Jesus mulling over the Bitcoin craze. It’s not just water into wine; it’s transforming the financial system. Would He be a fan? You bet! Jesus, with His knack for shaking up the status quo, might just see Bitcoin as the loaves and fishes of the digital age—multiplying financial access for the masses and sticking it to those temple-money-changer types, a.k.a., the centralized banks of today.
Imagine Jesus in today’s digital marketplace. He’d likely be intrigued by Bitcoin’s potential to empower the least among us. After all, here’s a technology that transcends borders, cuts out the financial middlemen, and offers a beacon of hope to those sidelined by traditional banking systems. Bitcoin’s blueprint for a more inclusive economy might just get a celestial thumbs up.
But would He dive headfirst into the speculative whirlpool? Probably not. However, He might champion the underlying principles—freedom, equity, and the chance for everyone to participate in the global economy. Jesus, the carpenter, was all about building things up, not tearing them down. In that light, Bitcoin could be seen as a tool, not just for wealth creation, but for forging stronger communities through shared economic opportunity.
As we tread the ethereal pathways of cryptography and conscience, let’s ponder a Jesus-inspired approach: balancing our digital dollars with acts of kindness, generosity, and a commitment to uplifting others. The ledger of life isn’t just about accruing Bitcoin; it’s about the wealth of our actions and the currency of our character.
So, while diversifying your earthly portfolio, remember the most precious investment of all: love and goodwill. After all, in the grand scheme of the universe, those are the assets that yield the highest return. And who knows? In the grand, interconnected network of humanity, we’re all part of a greater blockchain, each of us a link in a chain of acts of kindness, stretching out into eternity. Now that’s an investment strategy even Jesus might endorse.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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