Welcome to the Bitcoin Street Journal. Bitcoin
Market Update, the podcast that brings you daily
live updates on the ever -changing Bitcoin market.
Stay informed with our in -depth Bitcoin technical
analysis as we explore the current price of Bitcoin,
BTC, market capitalization, and market supply.
Get ready to dive into the world of cryptocurrency
and stay ahead of the game. In today's episode,
we'll cover Bitcoin umbrellas seen in Buenos
Aires, Argentina, the SEC postponing RK -21 shares,
Bitcoin ETF decision, the importance of Bitcoin
for peace highlighted by Jack Dorsey, the risks
of a 51 % Bitcoin attack discussed by Andreas
Antonopoulos, Anchor Watch raising $3 million
for Bitcoin insurance, the advice to focus on
stacking SATs instead of seeking attention, questions
to determine if someone is a Bitcoin maxi, the
decentralized publishing protocol Noster, and
how Nostra's apps and value for value podcasting
connect podcasters directly with listeners. So
here's an interesting piece of news for all you
crypto enthusiasts out there. Apparently, Bitcoin
umbrellas have been spotted in the vibrant city
of Buenos Aires, Argentina. That's right. People
are not just using umbrellas to shield themselves
from the rain, but they're showing their love
for Bitcoin as well. I came across this fascinating
tidbit via a tweet from Agustin. You can find
him at https semicolon slash slash x .com slash
Agustin underscore Casas. He shared a snapshot
of these Bitcoin umbrellas in action, adding
a colorful touch to the bustling streets of Buenos
Aires. It's fantastic to see such creativity
and support for the world's leading cryptocurrency.
Now let's shift our focus to some recent news
from the United States. The U .S. Securities
and Exchange Commission, SEC, has made an intriguing
decision regarding the proposed ARK21 shares
Bitcoin ETF. Drumroll, please. The SEC has decided
to postpone its decision on the ETF until next
year. Yes, you heard it right. We'll have to
wait a little longer for this one. Shocker. The
new deadline has been set for January 10th. So,
mark your calendars, folks, and let's hope for
some positive news then. But here's the interesting
part. This delay in the RK21 shares Bitcoin ETF
decision might suggest that other spot Bitcoin
ETF decisions could also face delays. It's like
a game of chess and the regulators seem to be
running out of moves. Checkmate, perhaps? These
decisions by regulatory bodies can have a significant
impact on the crypto market, especially when
it comes to Bitcoin ETFs. An ETF, Exchange Traded
Fund, acts as a bridge between traditional finance
and digital or crypto assets, allowing investors
to gain exposure to cryptocurrencies like Bitcoin
without directly owning them. The approval of
a Bitcoin ETF in the United States has been a
topic of great interest for many market participants.
It has the potential to attract institutional
investors, increase liquidity, and bring further
legitimacy to the cryptocurrency space. However,
the SEC has been cautious when it comes to approving
such ETFs, citing concerns about market manipulation
and investor protection. As we eagerly wait for
the decision, it's worth noting that Bitcoin
ETFs have been gaining traction in other parts
of the world. Canada, for instance, approved
its first Bitcoin ETF earlier this year, opening
up opportunities for investors to get involved
in the crypto market through regulated channels.
This move has been seen as a significant milestone,
and many are hopeful that the US will follow
suit soon. In the meantime, the Bitcoin community
continues to innovate and find new ways to navigate
the evolving landscape. From Bitcoin umbrellas
in Buenos Aires to developments in the world
of decentralized finance, DeFi, and non -fungible
tokens, NFTs, there's always something happening
in this exciting realm. So keep your eyes peeled
for updates on the ARK21 shares Bitcoin ETF decision
in January, and let's stay optimistic about the
future of Bitcoin ETFs in the United States.
Until then, stay curious, stay informed, and
keep supporting the crypto revolution. Hey there,
let's dive into some interesting topics today.
We'll be talking about Bitcoin, and why it's
seen as important for Bitcoin piece. We'll also
explore an intriguing perspective on explaining
Bitcoin to a fifth grader. And finally, we'll
touch upon the discussion surrounding a potential
51 % attack on Bitcoin. But before we do, let's
mention that Anchor Watch just secured an impressive
$3 million in funding, which will allow them
to launch their Trident Vault software and provide
customized insurance services for Bitcoin holders.
How exciting is that? So let's get started. First
up, Jack Dorsey, the co -founder and CEO of Twitter,
is a strong supporter of Bitcoin and its potential
for promoting peace. He believes that Bitcoin
could play a crucial role in creating a more
peaceful world. How, you may ask? Well, according
to Dorsey, Bitcoin's decentralized nature and
its ability to operate outside the control of
any government or financial institution makes
it a powerful tool for promoting peaceful transactions.
By removing intermediaries and providing individuals
with direct control over their money, Bitcoin
can potentially eliminate the need for traditional
banking systems that often become a source of
conflict. So, in a nutshell, Dorsey sees Bitcoin
as a means to achieve financial sovereignty and
reduce financial disagreements that may lead
to conflicts between nations. Quite an interesting
perspective, don't you think? Now let's switch
gears and talk about explaining Bitcoin to a
fifth -grader. Andreas Antonopoulos, a well -known
cryptocurrency expert, has a knack for simplifying
complex concepts. He believes that explaining
Bitcoin to a fifth grader can actually be quite
straightforward. He suggests utilizing familiar
analogies such as baseball cards or Pokemon cards
to help kids understand the concept of a decentralized
digital currency. Just like how these cards hold
value because people want to collect and trade
them, Bitcoin holds value because people believe
in its usefulness and scarcity. Antonopoulos
also emphasizes the importance of helping kids
grasp the concept of scarcity and why it matters
for something to have value. By breaking it down
in relatable terms, understanding Bitcoin becomes
more accessible for everyone, regardless of age.
I'm sure there are some fifth graders out there
who would find this explanation quite intriguing.
Now, let's address the topic of a potential 51
% attack on Bitcoin. A 51 % attack refers to
a scenario where a single entity or a group of
entities controls more than 50 % of the total
computing power in a blockchain network. This
level of control could potentially allow them
to manipulate transactions, double spend coins,
or even disrupt the whole network. It's a concern
that plays on the idea that if a malicious actor
was to reach this threshold, they could wreak
havoc. However, Andreas Antonopoulos offers a
more optimistic perspective on this matter. He
argues that the costs and risks associated with
carrying out a 51 % attack are extremely high,
not to mention the potential damage to the attacker's
reputation and the faith people have in the cryptocurrency.
To successfully execute such an attack, one would
need to control a significant amount of computing
power, which requires substantial financial investment.
Additionally, the decentralized nature of the
Bitcoin network makes it challenging for any
single entity to gain that much control. So while
the possibility of a 51 % attack is a concern,
it's crucial to consider the various factors
that make it a highly improbable scenario in
practice. Lastly, let's touch on the recent funding
success of Anchor Watch. The cybersecurity startup
has secured an impressive $3 million in funding,
led by 1031. Their goal is to launch the Trident
Vault software, which aims to provide tailored
insurance services specifically for Bitcoin holders.
This innovative solution is designed to address
the unique risks and vulnerabilities associated
with the storage and management of cryptocurrencies.
By offering customized insurance coverage, Anchor
Watch aims to help protect Bitcoin holders from
potential threats such as hacking, cyber attacks,
and even physical theft. This development is
a significant step towards providing a safer
and more secure environment for those who invest
in cryptocurrencies. It's great to see companies
like Anchor Watch taking proactive measures to
build trust in the crypto space and provide much
needed peace of mind for Bitcoin holders. Well,
that wraps up our conversation for today. We've
explored why Bitcoin is seen as important for
promoting peace, how to explain Bitcoin to a
fifth grader using relatable analogies, the discussion
surrounding a potential 51 % attack on Bitcoin,
and the recent funding success of Anchor Watch
and their plans for tailored insurance services
for Bitcoin holders. It's always fascinating
to explore these various aspects of the crypto
world and witness the innovative solutions being
developed. Until next time, keep exploring and
stay curious. Hey there, it's the managing editor
of the Bitcoin Street Journal dropping by with
a quick public service announcement. So here's
the deal. It seems like you might be running
a little short on Bitcoin. Don't worry. You're
not alone. A lot of people find themselves in
the same boat. Get some now. First off, thanks
for tuning in to this little chat. Now let's
talk about a popular figure you might have come
across, Robert Kiyosaki. You know, the guy who's
all about financial education and that rich dad
poor dad book. Well, it turns out he's been talking
about Bitcoin lately too. But here's the thing.
Some folks out there insist that he's only using
Bitcoin to draw attention to his real interests.
Silver and gold. Yeah, we've heard the rumors,
too. They say that Kiyosaki doesn't really give
a darn about Bitcoin. But here's our take. No
matter what his true intentions are, there's
actually no harm in promoting financial awareness
and education, especially when it comes to alternative
investments like Bitcoin. So if he's attracting
attention to silver and gold through Bitcoin,
well, maybe that's a good thing, too. But hey,
There's something important we want to emphasize
here. Staying humble and stacking SATs. What
does that mean, you ask? Well, it's all about
adopting a down -to -earth mindset and accumulating
small fractions of Bitcoin, known as Satoshis.
You see, Bitcoin doesn't have to be an exclusive
club where only the big players get to join in.
It's for anybody and everybody who wants to take
part in this digital currency revolution. So
when someone like Kiyosaki comes along and starts
making noise about Bitcoin, It's vital to keep
your wits about you. We're not saying you should
completely disregard what he or anyone else says,
but it's always good to approach things with
a critical mindset. Educate yourself, do your
own research, and make informed decisions based
on what you learn. There will always be people
out there who try to divert your attention, either
intentionally or unintentionally. These clowns,
as you called them, might have their own biases,
ulterior motives, or simply lack the knowledge
they're talking about. That's why it's essential
to have a strong foundation of understanding
when it comes to Bitcoin and any other investment.
So how can you build that foundation? Well, it
starts with learning the basics. Understand how
Bitcoin works, what its potential benefits are,
and the risks involved. There are plenty of resources
available to help you on this journey. from books
and articles to podcasts and online communities.
Take advantage of them and absorb as much knowledge
as you can. And remember, patience is key. Rome
wasn't built in a day and neither will your Bitcoin
portfolio. It's a long game, so don't be discouraged
if you don't see immediate results. Stay focused,
stay humble and keep stacking those SATs. But
hey, don't forget, there's more to life than
just Bitcoin. While it's certainly an intriguing
and potentially lucrative investment, it's important
to diversify your portfolio. explore other opportunities,
such as traditional assets like stocks and bonds,
or maybe even venture into the world of real
estate. The key is to find a balance that works
for you and suits your risk tolerance. Okay,
we're wrapping up here. The key takeaway from
this little chat is simple. Don't let the noise
distract you. Stay informed, keep learning, and
make decisions based on your own knowledge and
research. And remember, the journey towards financial
success is a marathon. not a sprint. All right,
that's it for now. Thanks for listening to this
public service announcement. Keep calm, stay
humble, and keep stacking those SATs. Take care
and we'll catch you on the flip side. So you're
curious about whether someone is a Bitcoin maxi,
huh? Well, there are a few questions you can
ask to get a sense of where they stand. Let's
dive right in. First off, a classic question
to ask is whether they own Bitcoin. After all,
if they don't hold any, it's unlikely they can
truly call themselves a Bitcoin maxi. So ask
away and see what they say. Another key aspect
of being a Bitcoin maxi is the regularity of
one's Bitcoin purchases. Many maxis make it a
habit to automatically buy Bitcoin on a daily,
weekly, or monthly basis. So find out if they
have a recurring purchase schedule. Now, what
about buying the dips? One of the tenets of being
a Maxi is taking advantage of price drops to
accumulate more Bitcoin. So ask if they have
a strategy for buying those dips. Next, inquire
if they run their own node. This is another common
characteristic of Bitcoin Maxis. Running a node
allows them to validate transactions and participate
in the network's decentralization. Self -custody
is another important aspect of being a Bitcoin
Maxi. Many maxis prefer to hold their own private
keys and be responsible for their Bitcoin security.
Ask if they self -custody or use a custodial
service. Here's an interesting one. Ask if they
have a Bitcoin credit card that offers rewards.
Some maxis take advantage of these cards to earn
rewards while interacting with the Bitcoin ecosystem.
Check if they've got one. Now this question is
a bit more specific. See if they get paid in
Bitcoin. Some Maxis receive their income in Bitcoin,
fully embracing the decentralized currency as
a means of exchange. Moving on, inquire if they've
put all their 401k slash IRA money into Bitcoin
instead. Some dedicated Maxis view Bitcoin as
a long -term store of value, even surpassing
traditional retirement investments. Get an idea
of their investment strategy. Education and spreading
awareness are integral to the Bitcoin Maxi community.
Ask if they teach others about Bitcoin or actively
contribute to educating people about its importance.
As you navigate the world of Bitcoin, you'll
come across various sources of information. Ask
if they subscribe, like, share, or follow the
Bitcoin Street Journal, a popular publication
in the Bitcoin space. Now let's touch on politics.
Find out if they would support politicians who
believe in Bitcoin and advocate for its adoption.
Political support can play a significant role
in shaping the future of cryptocurrency. Next,
ask if they mine Bitcoin. Mining is a way to
secure the network and earn Bitcoin, so it's
worth knowing if they actively participate in
this process. Shitcoins, as they are sometimes
called, are alternative cryptocurrencies that
Bitcoin maxes typically tend to stay away from.
Check if they have converted or dumped any of
their shitcoins. One of the core beliefs of Bitcoin
maxes is reducing reliance on traditional fiat
currencies. Inquire if they are actively taking
steps to lessen their dependence on fiat as a
financial support system. Here's an essential
one. Ask if they have read the Bitcoin white
paper. Being familiar with the document that
introduced Bitcoin to the world is seen as a
foundational knowledge requirement for Bitcoin
Maxis. The commitment to never sell Bitcoin is
a common mindset among Bitcoin Maxis. See if
they express a willingness to hold on to their
Bitcoin long term, regardless of price fluctuations.
Continuing with the reading theme, ask if they
have read popular Bitcoiner books such as The
Bitcoin Standard, The Price of Tomorrow, and
The Sovereign Individual. These books help shape
the perspectives of many Maxis. Security is a
crucial consideration for Bitcoin Maxis. Inquire
if they use multi -signature, multi -sig technology
to secure their Bitcoin holdings. It's an advanced
security measure worth discussing. Working in
the Bitcoin industry is a dream for some Bitcoin
Maxis. Check if they have a job in the Bitcoin
industry or if they are actively seeking one.
It shows a genuine dedication to the ecosystem.
Now, this one is intriguing. Ask if they have
started planning for a second passport, but specifically
in a Bitcoin -friendly jurisdiction. It's a strategic
move that some Maxis make to align their financial
future with their Bitcoin beliefs. If they are
familiar with Nostr, a popular platform in the
Bitcoin community, ask if they actively post
there. Additionally, check if they are involved
in sending and receiving ZAPs, a term referring
to lightning network transactions. And there
you have it. These questions should help you
gauge whether someone is a Bitcoin maxi or not.
Remember, being a maxi is about more than just
owning Bitcoin. It's a mindset and a commitment
to the values of decentralization and financial
sovereignty. Happy questioning. Hey there, let
me tell you about Nostr, a decentralized publishing
protocol for the web. It's all about enabling
censorship -resistant and global value -for -value
publishing. So, what exactly is Nostr? Well,
Nostr is short for notes and other stuff transmitted
by relays. Think of it as a protocol, similar
to HTTP or TCP IP, that allows anyone to build
on it. It's an open standard that's all about
simplicity. But wait, there's more. Noster is
not like your typical app or service that you
sign up for. It's all about providing you with
the freedom to publish without experiencing censorship.
Noster allows you to share content globally,
no matter where you are. You might be wondering
why it's important to have a protocol like Noster.
Well, in the world of publishing, there's often
a risk of censorship. Whether it's due to political
reasons or other factors, some voices and ideas
get silenced. Noster aims to change that by providing
a platform that promotes freedom of expression.
With Noster, you don't have to worry about your
content being taken down or restricted. The protocol
ensures that your message stays intact and accessible
to a global audience. It's a game changer for
those who value the power of sharing ideas without
limitations. Imagine a world where your content
reaches people all over the globe, regardless
of where they are. Noster makes this possible
by embracing a decentralized approach. By leveraging
relays, Noster allows your content to be transmitted
across the web without bottlenecks or control
from a single authority. But what does this mean
for you? Well, it means that you can become part
of a global community that values free expression.
Noster empowers individuals by providing them
with the tools and platform to spread their ideas
and knowledge. You might be thinking, How do
I get started with Nostr? Well, the beauty of
it is that you don't have to sign up for anything.
Nostr is designed to be open and accessible to
everyone. All you need to do is become familiar
with the protocol and start building on it. Nostr
gives you the flexibility to create your own
publishing platform. Whether you're a developer
or someone interested in sharing content, Nostr
has something for you. You can leverage the protocol
to build apps, websites, or any other publishing
solution you can think of. The possibilities
are endless with Nostr. You can create a blog,
an online magazine, or even a social networking
platform. The only limit is your imagination.
With Nostr, you're in control of your content
and you have the power to reach a global audience.
Now let's talk about the value for value aspect
of Nostr. This is where things get really interesting.
Noster enables you to receive value directly
from your audience. Whether it's through tipping,
subscriptions or other methods, you can monetize
your content and be rewarded for your efforts.
This value for value model is all about rewarding
quality content and encouraging creators to continue
sharing their knowledge and expertise. It's a
win -win situation for both creators and their
audience. With Nostr, you're not dependent on
advertisers or other intermediaries. You have
the opportunity to create a sustainable income
stream based on the value you provide. This is
a game changer for content creators who often
struggle to monetize their work in the traditional
publishing landscape. So why should you care
about Nostr? Well, if you're someone who values
freedom of expression and wants to share your
ideas with the world, then Noster is the perfect
platform for you. It empowers you to break free
from the constraints of censorship and reach
a global audience. Noster is a simple, open protocol
that puts you in control. It allows you to create
your own publishing solution and monetize your
content directly. It's all about enabling you
to share your knowledge, expertise, and ideas
without limitations. So, whether you're a developer
or content creator, Noster is here to support
you. embrace the power of decentralized publishing,
and join the global community of individuals
who value freedom of expression. The future of
publishing is in your hands with Nostr. Nostr's
apps and value -for -value podcasting, my friends,
are true game changers. They are shaking up the
traditional sponsorship model and revolutionizing
the world of podcasting. And let me tell you,
the results are absolutely mind -blowing. In
the past, podcasters were at the mercy of sponsors
who dictated the content, making it difficult
for them to stay true to their own vision and
connect with their listeners. But not anymore,
folks. Nostra's apps and Value for Value, or
V4V for short, Podcasts have turned the tables
and put the power back into the hands of podcasters
and their loyal fan base. So how does it all
work, you may wonder? Well, let me break it down
for you. Nostra's apps and V4V podcasts are all
about fostering that direct connection between
podcasters and their listeners. It's about creating
an environment where both parties can actively
engage with and support each other. For podcasters,
this means they can create content that truly
resonates with their vision. They no longer have
to conform to the demands of sponsors or sacrifice
their creativity for the sake of financial gain.
Instead, podcasters can focus on delivering the
kind of content that their audience craves, building
a devoted following along the way. But it's not
just the podcasters who benefit from this new
approach. Oh no, my friends. Listeners also have
a chance to actively engage, support, and contribute
to the podcasts they absolutely cherish. No longer
are they passive consumers of content, but rather
active participants in the podcasting experience.
So how can you show your support for these incredible
podcasts? Well, there are many ways you can do
so. Let me give you a few examples. You can support
them on platforms like Fountain .com, NostrBuild,
Spotify, Amazon Music, RSS .com, Pandora, Samsung
podcasts, Apple iTunes, and iHeartRadio. All
it takes is a simple like, share, or subscribe
to make a difference. And folks, let me take
a moment to tell you about one particular podcast
that truly deserves your support. It's called
the Bitcoin Street Journal. This podcast covers
all things Bitcoin, from the latest news and
trends to expert insights and analysis. If you're
a crypto enthusiast or simply curious about the
world of digital currencies, this podcast is
a must listen. Now here's a little secret, my
friends. Supporting podcasts like the Bitcoin
Street Journal not only allows you to stay up
to date with the latest in the world of Bitcoin,
but it also contributes to the growth and success
of these independent creators. Every like, every
share, every subscribe is a vote of confidence
and a step towards a more collaborative and equitable
future for podcasting. So, my friends, I urge
you to take that extra moment to support the
podcasts that bring you joy, knowledge, and inspiration.
Whether it's Nostra's apps, V4V podcasts or the
Bitcoin Street Journal, your support matters
more than you can ever imagine. Thank you for
listening. Thank you for your support. And thank
you for being a part of this amazing podcasting
revolution. In this episode, we explored a range
of topics. including Bitcoin umbrellas in Buenos
Aires, the SEC's decision on Bitcoin ETFs, the
importance of Bitcoin for peace, the risks of
a 51 % attack, stacking satis instead of seeking
attention, determining if someone is a Bitcoin
maxi, the decentralized publishing protocol Noster,
and the power of Noster's apps and value for
value podcasting. Thank you for tuning in to
the Bitcoin Street Journal Bitcoin Market Update,
your go -to source for daily live Bitcoin market
updates. current Bitcoin technical analysis,
BTC price fluctuations, market capitalization,
and market supply. Make sure to subscribe and
join us for our next episode.