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NEWS BITCOIN MINER RIOT BLOCKCHAIN ANNOUNCES 1 GIGAWATT FACILITY IN NAVARRO COUNTY | by heidi

By Heidi - April 27, 2022

The development’s initial phase will see the facility with 400 MW of capacity and is expected to create 270 jobs in the local economy. The facility will be immersion-cooled and is expected to be operational by July 2023. Riot Blockchain (Nasdaq: RIOT) is one of the largest North American bitcoin miners and looks to extend their footprint with a large-scale, 1 gigawatt (GW) development in Navarro County, Texas, per a press release sent to Bitcoin Magazine. The expansion will strengthen Riot’s bitcoin mining and hosting capacity beginning with an additional 400 megawatts (MW) of capacity on a 265-acre site that will be immersion cooled. Mining and hosting services are expected to be operational come July 2023. “Upon completion of the expansion, Riot’s developed capacity will total 1.7 GW, establishing the Company among the largest Bitcoin mining operations globally,” said Jason Les, CEO of Riot. “This Expansion is a testament to the Company’s demonstrated ability to build and deliver h

THE STATE’S ABUSE OF BUSINESS IS INHERITED BY CONSUMERS | by heidi

By Heidi - April 25, 2022

Governments control businesses and their customers, and their weapon of choice is legislation. The resulting regulations are so broad and arbitrary that the government can harass businesses until they comply like a mafia protection racket. And given the abundant pettiness of bureaucrats, the rules can be as pointless as a reality TV show. Rather than deal with the harassment, most companies have entire departments that focus on regulatory compliance. The compliance costs are not trivial, but it’s a lot better than not having a business at all, so businesses pay them. These are essentially departments to keep bureaucrats happy. The mob at least has the courtesy to be straightforward about what it wants, regulators are often self-contradictory and compliance is more art than science. And make no mistake, you do not want to piss off bureaucrats, because they can make life hell. For example, the Equal Employment Opportunity Commission (EEOC) has enormous regulatory power over every busin

ALLIANZ CHIEF ECONOMIC ADVISOR PREDICTS BITCOIN GOING HIGHER AMID INFLATION | by heidi

By Heidi - April 19, 2022

Mohammed El-Erian, chief economic adviser at Allianz, the corporate parent company of PIMCO where he previously served as CEO, recently appeared for an interview on CNBC to discuss inflation, the federal reserve, and the price of bitcoin rising as a result of monetary policy. In the interview, El-Erian was asked what would happen to gold, bitcoin and other cryptocurrencies if his predictions of the Federal Reserve (Fed) changing their targets for inflation came true. “They both go higher,” El-Erian answered, but understanding his prediction makes it much more meaningful. The interview began with El-Erian being asked to explain the state of inflation in the economy. “Basically, I think the markets have understood that we have three issues: One is high and persistent inflation is with us, two is the Fed is way behind, and three, the pathway for orderly disinflation is pretty narrow,” El-Erian told the reporter. “Because of that, you’re starting now to have questions about growth.” El-E

THE IMPORTANCE OF HAVING AN ESTATE PLAN FOR YOUR BITCOIN | by heidi

By Heidi - April 18, 2022

Have you thought about what will happen to your bitcoin when you die? For many of us, the thought has at least crossed our mind. But the number of HODLers we know that have actually put in place a legally sound plan of action ensuring both the sovereignty and privacy of their holdings is very few. This is understandable. For starters, most of us don’t expect to die anytime soon. Even those of us who have planned ahead with a well-crafted testamentary device still likely haven’t considered the nuance of proper estate planning for digital assets. And there is no digital asset we know of whose custody and conveyance requires more nuance than bitcoin. Most people think about trusts in terms of an irrevocable trust. These trusts can be an excellent tool to confer tax advantages to both your estate and beneficiaries if crafted properly. Under such circumstances, legal and equitable title must be split between trustee and beneficiary, meaning the grantor necessarily cedes either legal contr

BITCOIN MAGAZINE PARTNERS WITH NBA STARS FOR UKRAINIAN RELIEF | by heidi

By Heidi - April 17, 2022

Bitcoin Magazine is partnering with two Ukrainian NBA stars to raise funds for humanitarian efforts as a result of the war in Ukraine. Svi Mykhailiuk of the Toronto Raptors and Alex Len from the Sacramento Kings are passionate about Bitcoin’s ability to be uncensorable “freedom money,” enabling anyone to fund humanitarian and human rights causes. Svi Mykhailiuk will wear sneakers displaying a “Shoe-R”, which is a scannable QR code that takes users to a bitcoin wallet address where bitcoin or other currencies can be donated. Two Ukrainian NBA stars have partnered with Bitcoin Magazine to help support Ukraine humanitarian relief efforts by enabling anyone to donate bitcoin via simply scanning a QR code on the front of the player's shoe. Svi Mykhailiuk of the Toronto Raptors and Alex Len from the Sacramento Kings collaborated with the Ukrainian branch of Bitcoin Magazine to support this bitcoin-based fundraising campaign. Mykhailiuk will debut a customized pair of sneakers from Nike

A QUANTIFIED LOOK AT THE MONETIZATION OF BITCOIN| by heidi

By Heidi - April 16, 2022

REALIZED MARKET CAPITALIZATION TRENDS Today, we’re providing an in-depth breakdown of realized market capitalization. Traditional asset classes along with bitcoin itself are often quoted in terms of their market capitalization, which is calculated by finding the product of price and circulating supply. With bitcoin, and the introduction of a completely transparent set of property rights, you can calculate the realized market capitalization, which values each unit of supply at the price it was last moved across the network. The realized market capitalization of bitcoin is one of the best ways to quantify the monetization process of the asset, as the infamous volatility of the asset is seemingly only occurring to the upside. The fluctuations in the exchange rate are not nearly as volatile as the gradual-then-sudden appreciation of the realized market value of the asset. Realized market capitalization of bitcoin is one of the best ways to quantify the monetization process and the metric

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