1. Home
  2. Discover
  3. Crypto
  4. Marty Bent

Marty's Ƀent - July 21st, 2021 - Issue #1038

Wednesday, July 21st 2021 - Issue #1038

It's a beautiful thing
It truly is a beautiful thing. Humanity has been given a tool in the Proof of Work consensus mechanism driven by hashcash SHA256 and a difficulty adjustment, which allows us to harness wasted energy around the world. The ability to profitably monetize previously stranded or wasted energy resources has never been as easy as it is now that Bitcoin exists.

Since miners are driven to drive their all in electricity costs as low as possible to increase their profit margins as high as possible, they will seek out these stranded/wasted energy sources to create electricity. The natural incentive to be as energy efficient as possible has never been as strong as it has been since the invention of Nakamoto's Motor. This is something that should be celebrated by all and viewed as a modern day miracle. The potential for humanity to be significantly less wasteful is absolutely MASSIVE due to the incentives that run the Bitcoin mining industry.

When more widely spread and mature, the effects of mining operators being driven to travel to remote areas across the world to produce electricity via non-rival energy sources that would have been wasted via the natural incentives of the Bitcoin network humanity will benefit from more reliable base loads of electricity, which will have profound knock off effects. One of them being a more widely distributed Internet, which brings billions more people fully into the Digital Age.

It truly is a beautiful thing.  
Final thought...

Pants aren't fun to wear in Miami in the middle of July.
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 - July 20th, 2021 - Issue #1037

Tuesday, July 20, 2021

Tuesday, July 20th 2021 - Issue #1037 A Chaumian Mint prototype emerges A few weeks ago, we wrote about the potential for Chaumian mints to improve Lightning Network wallets. Particularly custodial

Marty's Ƀent - July 19th, 2021 - Issue #1036

Monday, July 19, 2021

Monday, July 19th 2021 - Issue #1036 The attempts to inject the Travel Rule into the protocol level have begun All has been quiet on the the Travel Rule front for quite a while in these parts. The

The Sat Standard - Bitcoin Weekly - July 17th 2021

Saturday, July 17, 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 - July 16th, 2021 - Issue #1035

Friday, July 16, 2021

Friday, July 16th 2021 - Issue #1035 The "Build Back Better" crew has plans for you A week ago, I started a thread in reaction to a California energy provider alerting citizens of the state

Marty's Ƀent - July 14th, 2021 - Issue #1033

Friday, July 16, 2021

Wednesday, July 14th 2021 - Issue #1033 A simple UX tweak that could go a long way We like to nerd out about UX from time to time here at the Bent. Design is incredibly important in creating

You Might Also Like

Texas doubles down on crypto with new $250 million Bitcoin reserve bill

Tuesday, March 11, 2025

Texas' second crypto bill seeks to enhance state and local government participation in digital asset investments. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

How-ey Can Get Out of Here

Tuesday, March 11, 2025

How On-Chain Data Can Clarify the Regulation of Cryptoassets ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

February CEX Data Report: Significant Decline in Trading Volume Across Major CEXs - Spot Down 21%, Derivatives Dow…

Tuesday, March 11, 2025

In February 2025, the spot trading volume of major CEXs decreased by 21% compared to January. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

El Salvador defies IMF, continues Bitcoin purchases amid market downtrend

Monday, March 10, 2025

El Salvador's Bitcoin holdings grow to $504 million, challenging IMF directives amid sharp price declines. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🖊️ Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO …

Monday, March 10, 2025

Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO for a Cronos Strategic Reserve; Texas's Senate passed bitcoin reserve bill SB-21 ͏ ͏ ͏

Vitalik TAKO AMA: ETH Positioning, Sequencer Centralization, L1 vs L2, Governance, and Success Metrics

Monday, March 10, 2025

On the evening of February 19th at 12 PM UTC and lasting until 12 PM UTC on February 20th, Vitalik Buterin, the founder of Ethereum, was invited to participate in a flash text interview on Tako (a

Donald Trump Creates U.S. Bitcoin Reserve

Monday, March 10, 2025

March 10th, 2025 Sign Up Your Weekly Update On All Things Crypto TL;DR Donald Trump Creates US Bitcoin Reserve Diddy Shows 'Kindness' To Sam Bankman-Fried Robinhood Conducts $1M Crypto Trivia

Bitcoin’s realized volatility surges in as traders face extreme price swings

Sunday, March 9, 2025

Volatility clustering in Bitcoin reveals the impact of turbulent rallies and sharp pullbacks. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Asia's weekly TOP10 crypto news (Mar 3 to Mar 9)

Sunday, March 9, 2025

Ms. Sun Xueling, Minister of State, Ministry of Home Affairs of Singapore, said that cryptocurrency fraud cases accounted for a quarter of the total loss amount involved in fraud last year. ͏ ͏ ͏ ͏ ͏ ͏

Trump declares end to ‘war on crypto,’ vows to propel America to Bitcoin supremacy

Saturday, March 8, 2025

Trump brands the Biden era as a crypto setback, .President Trump vows to make America the Bitcoin leader, ending Operation Chokepoint 2.0 and bolstering crypto strategies. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏