Marty's Ƀent - May 20th, 2021 - Issue #996

Thursday, May 20th 2021 - Issue #996

A Letter to the Editor

In response to yesterday's Bent I received this email from a consumer of the rag:

Marty don't you think it would be prudent at this time to talk about the overall health of the BTC market? Given Bitcoins value dropping by ~25% over the last week, it seems like a good time to discuss all that's happening in the Bitcoin universe that is causing such a huge drawdown, and why you believe we will see Bitcoins price regain momentum. Yes yes, I know that Bitcoin oldtimers are used to this type of volatility, and that true HODLers should do just that...HODL. 

I love your newsletter and will never unsubscribe. But at this point it seems like your bullishness on Taproot and Lightning have been very well documented, and perhaps its a good time to talk about why the fundamentals of the technology will outlast any detractors (whom I shall not name), and anxious dilettantes. 

Anyways, just my thoughts. Thanks for everything you do. Keep up the good work.


My message to this particular freak and any of you who may be having similar thoughts is simple, the overall health of the "Bitcoin market" is better than it has ever been. Yes, the fiat exchange rate may be extremely volatile, but those price movements have not stopped the network from facilitating distributed peer-to-peer digital cash transactions. The network has chugged along unabated. Hashrate has fallen a bit as miners in China migrate to areas with cheap hydroelectric that comes with the annual rainy season and others shut off due to becoming unprofitable as the price dips, but fear not, the difficulty shall adjust in 1,085 blocks. Bringing block production closer to the 10-minute target.

We're in the midst of a battle for Freedom in the Digital Age, freaks. Do not let intraday price movements distract you from this goal. As long as people are running their own nodes and taking custody of their bitcoin, the fight shall rage on. If you're worried about the price, look away from the charts and better educate yourself to contribute to the network by running a node and validating your own transactions as you send coins to personal storage.

Last I checked, governments haven't stopped printing money, they haven't stopped taking away civil liberties, and they haven't done anything material to prevent the continued decline in confidence the public has in them. This is very bullish for the prospect of more and more individuals adopting Bitcoin. Onward!

 
Final thought...

Open shirt season is upon us. 
Looking to buy bitcoin with ease? Download the Cash App, use the code "stackingsats", get $10 and Cash App will send $10 to our friends at OWLS Lacrosse.
If you'd like to set up a one-on-one chat to learn more about Bitcoin I offer consulting services for an hourly fee. Please feel free to respond to this email if you're interested.
Share
Tweet
Forward
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
 
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Older messages

Marty's Ƀent - May 19th, 2021 - Issue #995

Wednesday, May 19, 2021

Wednesday, May 19th 2021 - Issue #995 BIP 118 discussion heats up The strive to make Bitcoin as resilient and useful as possible never stops. We've been talking a lot about the ongoing efforts to

Marty's Ƀent - May 18th, 2021 - Issue #994

Tuesday, May 18, 2021

Tuesday, May 18th 2021 - Issue #994 More Taproot activation context Yesterday, Bitcoin Core contributor Anthony Towns published a blogpost with his perspective on the debate that led up to the Speedy

Marty's Ƀent - May 17th, 2021 - Issue #993

Tuesday, May 18, 2021

Monday, May 17th 2021 - Issue #993 More pools are signaling Taproot Over the weekend, while everyone, their mother, and their Uncle Marty was caught up in the Elon Musk drama (I hate myself for getting

The Sat Standard - Bitcoin Weekly - May 15 2021

Saturday, May 15, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - May 14th, 2021 - Issue #992

Friday, May 14, 2021

Friday, May 14th 2021 - Issue #992 FREEDOM Been a pretty heady week in Bitcoin land. Pipelines being held ransom with hackers demanding bitcoin as payment. Billionaires poo-poo'ing Bitcoin's

You Might Also Like

Ethereum's Layer 2 – Post Dencun | Layer 2 Review

Thursday, March 28, 2024

Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case

Thursday, March 28, 2024

SBF had requested leniency of around 5 years jail time, while the prosection requested 10 times that. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

NFT & Blockchain Gaming Weekly - 📉Broad NFT Market Downtrend Over The Past Week

Thursday, March 28, 2024

Broad NFT market downtrend over the past 7 days. Azuki launches 'AnimeChain' on Arbitrum. Munchables, another game on Blast, is exploited. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Reminder: Ethereum Foundation In Hot Water As Government Authorities Initiate Investigation

Wednesday, March 27, 2024

We bring you the top stories in crypto every week! Stories like... Monday March 25, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Ethereum Foundation In Hot Water As Government Authorities

Coinbase shares dip as court sides with SEC in ongoing legal battle

Wednesday, March 27, 2024

Coinbase said it is prepared for the SEC lawsuit after court allowed the case to move forward. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Transactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Cronos Titan Upgrade is now live. DEX volume on all chains surges, with Solana and Avalanche emerging as top performers. BlackRock launches BUIDL tokenised asset fund on Ethereum. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

KuCoin assures users funds are safe after US levies criminal charges

Tuesday, March 26, 2024

The indictment accuses KuCoin and its founders of bypassing the Bank Secrecy Act and operating an unlicensed money-transmitting business. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

State of the Network’s Q1 2024 Mining Data Special

Tuesday, March 26, 2024

Our quarterly update on Bitcoin mining, zeroing in on recovering revenues, public miner strategies, and increased energy usage ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

OneKey: Web3 Dark Forest - How to Effectively Protect Your Physical Devices

Tuesday, March 26, 2024

Author: OneKey Editor: WuBlockchain Original link: https://twitter.com/OneKeyCN/status/1769925695604461753 Evil Maid Attack: Every Second Away from Your Device is a Crisis Imagine you've achieved