Happy Tuesday, Blockfolians
The Lede
Bitcoin is, as some have put it, “freedom money.” It is a store of value that can’t be seized by despotic governments and allows its bearers true ownership.
This vision of bitcoin has just one problem: what happens if they turn the internet off? Blockstream’ Satellite program is designed to address exactly that.
With the just announced version 2.0, users can synchronize a bitcoin full node without an internet connection. What’s more, the company plans on launching sales of specialized receivers and dishes.
Don’t know if it could get more bitcoin than that!
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
Telegram says US investors need to leave — with only 72% reimbursement. Ouch.
BlockFi brings in some serious financial industry muscle
Crypto forensics firm TokenAnalyst has decided to shut down, with some members of the team headed to Coinbase
Is BitMEX making bitcoin more expensive for everyone?
Community Commentary
The hash rate is hitting all time highs in advance of next week’s bitcoin halving
Multicoin explores the idea of the Lightning Network as the base of Web 3.0
A Really Big Number We Should Be Paying Attention To
1,400,000
That’s the number of members to Reddit’s r/bitcoin community - massive!
Final Thought
womp womp