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Bitcoin, Citadels and Personal Sovereignty
Bitcoin, Citadels and Personal Sovereignty
Maybe you've seen the memes: Bitcoiners are fantasizing about fortresses fit for complete self-sufficiency and impregnable bag protection. But what really goes into the perfect personal Bitcoin citadel? And what does it mean to imagine a future in which Bitcoiners are siphoned off from the rest of society? | | Imagine, for a moment, that bitcoin really does hit $1 million. You and many of your internet friends (whom you've only ever talked to via replies on Twitter, though they've still somehow supplanted your IRL friends) are now dummy rich. So what do you do with this newfound wealth? | | | The price of bitcoin is making great strides as it continues to march on in the new bull market. Bitcoin is up over 30 percent in 2020! | | | The Bitcoin hash rate continues to reach new all-time highs as the energy consumption of Bitcoin miners follows the price appreciation in 2020. | | Tweet of the Week This tweet by Lightning Labs shares a piece of exciting news that Bitcoin Magazine covered as well. Lightning Labs announced that it is prepared to achieve major new milestones in the upcoming decade. | | Rabbit Hole Read Of The Week This week's Rabbit Hole Read is Elizabeth Stark's article "Entering the Decade of Lightning." The CEO of Lightning Labs became extremely excited about the potential of this second layer technology dating all the way back to 2014! She cited a tweet of hers that marveled at the "HTTP protocol layer" of Bitcoin that hadn't been built yet. | | | |
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