How The China Communist Party Made Bitcoin Stronger

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Recap of everything Bitcoin: Weekend Recap Edition
► Although Bitcoin’s hash rate took a decrease after China’s Bitcoin mining ban, the hash rate has recovered and is almost back at it’s all time high in May. Let’s see if Bitcoin’s hashrate will hit an alltime high by the end of the year. Join us discussing how these incentives of Bitcoin work in a decentralized fashion.

► Federal Reserve Vice Chair Clarida, traded between $1 million – $5 million out of a bond fund into stock funds just one day before Fed Chair Powell issued the emergency pandemic statement on Feb 28, 2020.

► Iran has lifted its ban on Bitcoin mining that was put forth in May, Iran’s cheap electricity attracts Bitcoin miners to increase profit margins.

► Check out our special guest, ambassador @satoshilabs & contributor @bitcoinmagazine, Joseph Stackerman
https://twitter.com/satsjoseph

✔ Bitcoin 2022 Conference
► Bitcoin 2022 Conference is coming back to Miami, celebrating over 4 days of Bitcoin-only speakers from April 6th to April 9th. Come meet the plebs in meat space. Prices will continue to rise over the next few months so get your tickets TODAY using the Simply Bitcoin code below for 10% off!
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✔ Daily Fail Sources:
https://twitter.com/mykola931/status/1444344999555080196?s=21
https://www.bloomberg.com/news/articles/2021-10-01/clarida-traded-into-stocks-on-eve-of-powell-pandemic-statement
https://twitter.com/rudyhavenstein/status/1080851877711892481?s=21

✔ Epic Memes by @labrahodl10 & @nakadai_mon:
https://twitter.com/labrahodl10/status/1444323524966027280
https://twitter.com/nakadai_mon/status/1444013432857104393?s=28

✔ BTC Daily News Sources:
https://studio.glassnode.com/metrics?a=BTC&clid=00Q1I00000LtQY8UAN&m=mining.HashRateMean&mAvg=7&mScl=lin&pScl=lin&resolution=24h&s=1587244255&u=1625529600&utm_campaign=&utm_medium=firstmover&utm_source=newsletters&zoom=
https://bitcoinmagazine.com/business/bitcoin-mining-is-now-legal-in-iran
https://twitter.com/imfnews/status/1443939680500727818?s=28
https://twitter.com/imfnews/status/1444404116000813061?s=28
https://twitter.com/x218935/status/1444480848175190017
https://twitter.com/shishi21m/status/1444497781155147781

✔ Btcpayserver v1.2.4:
https://github.com/btcpayserver/btcpayserver/releases/tag/v1.2.4

✔ Check out our Sponsors, support Bitcoin ONLY Businesses:

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✔ Citadel21:
► A Bitcoin cultural zine. Bitcoin culture is rich and varied. It contains a multitude of voices, opinions and flavors. Together they form what is seemingly chaos, but with an abundance of signal. Citadel21 aims to curate this chaos and put some of the best, coolest and weirdest pieces of raw signal on display. Get the latest copy of Citadel 21 while supplies last only 1000 of each volume are made.
https://www.citadel21.com

✔ Pirate Hash:
► “Bitcoin related products: experimental, on-going, or for sale. Buy if you want to support the projects, or if you would like to own any of the products themselves. They were only created because I thought it would be interesting to have something like it myself.”
https://www.piratehash.com

✔ Join our Telegram, Give us Memes to Review!
https://t.me/TheSimplyBitcoinChannel

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https://twitter.com/SimplyBitcoinTV
https://twitter.com/BITVOLT7
https://twitter.com/Coinicarus

✔ Special Thanks to these Awesome Bitcoiners:
https://bitcoin.clarkmoody.com/dashboard/
https://t.me/nobullshitbitcoin
https://twitter.com/DocumentingBTC

✔ Descriptions & Thumbnails by, Meg:
https://twitter.com/btcmeg

► We are a proud supporter of Bitcoin only businesses.

DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.

Timecodes:
0:00 – Intro
0:28 – Bitcoin Stats
1:45 – Daily Fail
15:20 – Meme Review
19:56 – BTC Daily News
41:37 – BTC Software Releases

#Bitcoin #BitcoinDailyNews #BitcoinDailyRecap

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