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Bitcoin Magazine Weekly Bits

What Is Happening To Money?

What Is Happening To Money? by Pascal Hügli What the general public is being told right now is that money can be created ad infinitum. With the coronavirus popping the so-called "Everything Bubble," central banks have been interfering heavily by providing vast amounts of money — in all the different flavors that money or money-like substitutes exist in today's financial world. READ MORE Top Bitcoin Magazine Articles Plugging Into C-Lightning: The Future Of Lightning Plugins Is Bright By Michael Folkson 5 Tips For Minimizing Your Bitcoin And Crypto Taxes By David Kemmerer From SARS To COVID-19: Hong Kong's Path To An Asia Free Health Zone By Leo Weese Bitcoin Fundamentals The price of bitcoin fell this week, dropping from the $6,900 range to the $5,900 range before bouncing back above $6,000 to open April. With global uncertainty and mining operation shutdowns throughout the month of March, the Bitcoin hash rate fell before rebounding slightly to start April. On This Day In Bitcoin On this day just last year, Bitcoin Magazine reported on developer Felix Weis's demonstration of the first-ever Lighting-enabled Bitcoin ATM at Hong Kong's Lightning Hack Day. "Weis's ATM — for which he designed the Lightning-enabled software but not the physical machine — offered the option to receive bitcoin either on-chain (requiring a roughly 10-minute confirmation time) and then prompted Weis to scan his Lightning invoice," Michael Taiberg wrote at the time. "A Lightning-enabled Bitcoin ATM as demonstrated by Weis could provide several key advantages over its predecessors." Listen Of The Week On a recent episode of "What Bitcoin Did," host Peter McCormack welcomed Giacomo Zucco, a Bitcoiner under lockdown due to the spread of COVID-19 in Italy. Zucco discussed what life is like under the lockdown and the issues that centralized planning has introduced to the global response to this crisis. Copyright © 2020 BTC Media, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: BTC Media 150 3rd Ave S Ste 1820 Nashville, TN 37201-2050 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

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