01/28/23

Julia’s Journey: A Story of High Investment and Low Time Preference

• Julia is originally from Germany and moved to Portugal in her late teens.
• She now runs a homestead that feeds her family and is part of the local Bitcoin meetup.
• Julia’s Bitcoin and homesteading experiences show that both require high upfront investment and low time preference.

Julia is a German expatriate who moved to Southern Portugal in her late teens. She was drawn in by the opportunity to travel, and the full-time job she found made her decide to stay put. Now, Julia runs a homestead that feeds her family and is part of the local Bitcoin meetup. Through both of these experiences, Julia recognizes the need for high upfront investment and low time preference.

Julia’s journey to Portugal was a spontaneous one. She was only 19 when she first set foot on Portuguese terrain and was looking for a job. She found one that would last for three months, but then got offered a full-time position and decided to settle down in Portugal. Her parents and brothers followed shortly after. She has gone back to Germany a few times since then, but has made her life in Portugal since.

Julia has since built a homestead that feeds her family. She has put in an immense amount of work in order to make it a reality. Not only does it require a lot of physical labor, but it also requires high upfront investment, as well as a low time preference in order for the farm to be successful.

In addition to her homestead, Julia is also involved with the local Bitcoin meetup. She is passionate about the cryptocurrency and believes it is the future of money. She sees a lot of parallels between Bitcoin and homesteading. Both require high upfront investment and low time preference in order to be successful.

Julia is an example of how a strong commitment to one’s goals can lead to success. She has put in the hard work and dedication to build a homestead and be a part of a local Bitcoin community. Her story is one of determination and perseverance, and serves as an inspiration to others.

01/20/23

Samson Mow Launches JAN3 to Accelerate Bitcoin’s Path to Global Adoption

• Samson Mow, the former CSO of Blockstream, announced his new company JAN3 dedicated to promoting the adoption of Bitcoin as a global currency known as hyperbitcoinization.
• He was inspired by President Bukele’s decision to create Bitcoin City in El Salvador and legally recognize bitcoin as tender.
• His goal is to accelerate the timeline for bitcoin to become a recognized currency on a national level.

Samson Mow, the former CSO of Blockstream, recently announced his new company, JAN3, which is dedicated to promoting the adoption of Bitcoin as a global currency known as hyperbitcoinization.

This decision was inspired by President Bukele’s bold step in El Salvador, creating Bitcoin City and legally recognizing bitcoin as tender. This news spread quickly around the world, with Bitcoiners everywhere requesting Mow’s assistance in implementing Bitcoin projects in their local communities or with their governments.

The enthusiasm for Bitcoin was greatly bolstered by the opportunities that President Bukele’s decision opened up. Mow had been considering the idea of promoting the adoption of Bitcoin by nation states for some time, and the developments in El Salvador proved to be the catalyst he needed to make the jump. His goal is to accelerate the timeline for bitcoin to become a recognized currency on a national level.

To this end, Mow is working to actively engage with government representatives and other stakeholders to create a regulatory framework for the acceptance and use of Bitcoin. He is also looking to partner with other organizations to build out the infrastructure needed to make Bitcoin a viable payment option.

Ultimately, Mow hopes that his efforts will help to create a more equitable global financial system. By making Bitcoin more accessible to people around the world, he hopes to provide more opportunities for economic mobility and financial inclusion. With the continued advancement of Bitcoin, Mow believes that we can move closer to a world where everyone has access to the financial system and can take control of their own financial destiny.

01/20/23

2023: Year of Opportunity for Bitcoin Amid Regulatory Challenges

• 2023 will be an important year for Bitcoin with an impending battle over the Financial Action Task Force’s Travel Rule.
• Countries are rapidly moving towards a cashless society and many are looking into the possibility of Central Bank Digital Currencies (CBDCs).
• With governments likely forcing people into CBDCs in countries with large welfare states, Bitcoin could be seen as a viable alternative to this system.

As the 2022 chapter closes, it is time to turn our attention to what the coming year has in store for the world of Bitcoin. 2023 is sure to be an important year for the cryptocurrency with many challenges, but also many opportunities.

First and foremost, we are likely to see a battle over the Financial Action Task Force’s (FATF) Travel Rule. This rule requires exchanges and other Bitcoin service providers to document and share an ever-increasing amount of information about customer transactions. This is sure to be met with some resistance from Bitcoin supporters, as well as from politicians such as Elizabeth Warren who have publicly expressed their opposition to the digital asset. However, it is important to remember that governments were initially resistant to voice over internet protocol (VoIP) technologies such as Skype and other similar services, but they have since adopted and embraced them. Therefore, it is likely that Bitcoin will eventually follow a similar path as it gains more widespread acceptance.

Additionally, 2023 is likely to be the year where the war on cash accelerates. More and more countries are taking high-denomination cash notes out of circulation, or banning physical cash transactions above a certain threshold. This is sure to lead to an increasing number of countries exploring the possibility of Central Bank Digital Currencies (CBDCs). While there may be some progress in terms of trials and rhetoric, it is unlikely that any major rollouts of CBDCs will be seen in 2023. However, it is important to note that in countries with large welfare states, governments could force people into using CBDCs. This could present an opportunity for Bitcoin as an alternative to this system.

In conclusion, 2023 is sure to be an important year for the world of Bitcoin. With FATF’s Travel Rule, the war on cash, and governments potentially forcing people into using CBDCs, there is sure to be a battle to come. However, there are also many opportunities for Bitcoin to gain more widespread acceptance, and become a viable alternative to the current systems.