Biblio Geneve

German Immigrant Builds Life in Portugal Through Bitcoin & Homesteading

27. January 2023 at 22:47 by admin

• Julia is a German who moved to Southern Portugal where she has built a homestead and is part of the local Bitcoin community.
• She has been in Portugal for 15 years and her family has joined her there.
• Julia talks about the investment and time commitment involved in both Bitcoin and homesteading, and the growth of the Bitcoin meetup in her local community.

Julia moved to Southern Portugal 15 years ago, and since then she has built a homestead and become part of the local Bitcoin community. Julia is originally from Germany and initially moved to Portugal as part of a journey of exploration and to take up a job opportunity. Little did she know at the time, but the move would end up transforming her life.

Julia’s parents and brothers joined her in Portugal shortly after she arrived, making it their home too. The last time Julia visited Germany was 15 years ago, and she doesn’t go back there regularly.

In our conversation about her homestead, local community and Bitcoin, Julia shared her insights about the investment and time commitment involved in both Bitcoin and homesteading. She also spoke about the growth of the Bitcoin meetup in her local community. Julia believes that the work to understand and work on Bitcoin or a farm demands high upfront investment and very low time preference.

Julia has experienced the rewards of her 15-year commitment to Portugal first-hand. She has seen the growth of the Bitcoin meetup in her local community, which she believes is a testament to the power of her investment in the area. She has also seen the fruits of her labor in her homestead, which now feeds her family.

Julia’s story is a reminder that with hard work and dedication, great things can be achieved. Through her commitment to both Portugal and Bitcoin, Julia has built a life for herself and her family that is both fulfilling and rewarding.

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Win 2.1 BTC: Fedi Launches Bitcoin Hackathon to Revolutionize Finances

21. January 2023 at 8:36 by admin

• Technology company Fedi is launching a Bitcoin hackathon with a reward of 2.1 BTC for the winner.
• The hackathon encourages developers to build out a Fedimint module that will bring real world benefits to users.
• Fedimint is an open source custody platform that leverages Federated Chaumian Ecash and provides strong privacy, better security, and ease of use.

Technology company Fedi is launching an exciting Bitcoin hackathon in celebration of Bitcoin’s 14th birthday, offering a reward of 2.1 BTC to the winner. Fedi is focused on building a Fedimint-based community custody platform, so the hackathon is designed to encourage developers to build out a Fedimint module that will bring real world benefits to users.

Fedimint is an open source custody platform that allows users to store their bitcoin and extend its functionality with privacy, smart contracts, and more. It is based on the concept of second-party custody, which involves trusting family members or friends with the custody of one’s bitcoin in a way that improves the trust and security models inherent in the classic centralized third-party custody solutions. And it leverages Federated Chaumian Ecash, which means users also gain privacy. In a nutshell, Fedimint wallets have the potential to bring strong privacy to Bitcoin users with better security than third-party custody setups and more ease of use than fully-fledged self-custody solutions.

The hackathon is open ended, meaning that developers can code the functionality they want; but they are, of course, incentivized to work on what would drive the most impact. Fedi shared some ideas of what those could be, including modules that would enable a communal savings pool to accumulate bitcoin for a large project, storing value in a local currency like dollars, receiving payments privately via static QR codes or links (similar to CLN’s BOLT 12 offers), or operating a communal vote based spending pool.

Obi Nwosu, Fedi CEO, shared in a statement sent to Bitcoin Magazine that “At Fedi, we believe that Fedimint will become the ideal open platform for the delivery of consensus-based applications on the internet. Bitcoin was created to give individuals more control over their finances and to enable them to take part in a global financial system without needing to rely on traditional banking infrastructure. With Fedimint, we are aiming to bring this same level of control, access, and financial inclusion to users of the Bitcoin network.”

The hackathon is a great opportunity for developers to create projects that will bring real world benefits to users and be rewarded for their efforts. If you’re a developer, don’t miss this chance to build something that could revolutionize the world of Bitcoin and make you eligible for the 2.1 BTC bounty.

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Bitcoin’s Defining Year: Global South Leads the Way in 2023

14. January 2023 at 18:25 by admin

• Bitcoin had a defining year in 2022 and is at a turning point.
• The Global South will continue to lead Bitcoin adoption, with increased trade volumes in Africa due to its necessity.
• The divide between Bitcoin and other assets will continue to grow in 2023.

This past year has been a defining moment in the history of Bitcoin. After a decade of growth and innovation, we are now at a turning point. Bitcoin has progressed to a point where its use cases have become abundantly clear, and the world is starting to take notice. Governments and financial institutions are now recognizing the potential that Bitcoin holds, and the cryptocurrency is becoming more widely accepted and adopted.

The Global South, in particular, is leading the way in Bitcoin adoption. Trade volumes in Africa are continuing to increase, despite the bear market. This is due to Bitcoin’s necessity on the continent, as it provides a cheaper and more efficient way for people to send money back home, make payments, and preserve their wealth. To further this cause, The Built With Bitcoin Foundation opened the Bitcoin Technology Center (BTC) in Kumasi, Ghana, which is set to educate 400 people in its first year.

As Bitcoin continues to grow in popularity and adoption, the divide between it and other assets will become increasingly evident. Bitcoin is backed by human work and has proven its utility and staying power, whereas other assets are backed by nothing more than speculation. As more people become aware of Bitcoin’s use cases and its potential to revolutionize the global economy, we will see an even greater divide in the upcoming year.

It is with great optimism that I look forward to 2023 and the future of Bitcoin. We have the opportunity to educate more people about the cryptocurrency, and to onboard the next billion Bitcoiners. With this, I am confident that Bitcoin will continue to prove its worth and revolutionize the way we think about finance.

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Greenidge Generation Agrees to Restructuring Deal to Reduce Debt

8. January 2023 at 4:14 by admin

• Greenidge Generation, a bitcoin miner operating in New York, has reached a restructuring agreement with its lender NYDIG to eliminate $57-$68 million of debt.
• The agreement involves NYDIG purchasing 2.8 exahash per second (EH/s) of Greenidge’s bitcoin miners, which Greenidge will host for NYDIG.
• Greenidge has a cash burn rate of approximately $8 million per month, and is expected to run out of money by March 2023.

Greenidge Generation, the bitcoin miner based in New York, recently agreed to a restructuring deal with its lender, NYDIG, to reduce its debt of $74.4 million. The deal provides that NYDIG will purchase 2.8 exahash per second (EH/s) of Greenidge’s bitcoin miners, which Greenidge will host for NYDIG. This will result in the elimination of $57-$68 million of debt, leaving Greenidge with approximately 1.8 EH/s of its own miners. The company will also pledge the rest of its unencumbered assets to secure the remainder of the loan.

The average monthly cash burn rate for Greenidge during October and November of 2022 was approximately $8 million, of which approximately $5.5 million per month was associated with principal and interest payments to NYDIG. This is expected to remain consistent for December 2022 as well.

Unfortunately, the bitcoin mining industry has been taking a hit due to the price of bitcoin dropping while the miners fill up old bull market orders. This has caused Greenidge to sound the alarm regarding their financial standing, as they are burning cash at an unsustainable rate and are predicted to run out of money by March 2023.

The restructuring agreement with NYDIG is a step in the right direction for Greenidge to ensure their longevity, as they will now have access to the resources they need to remain operational. However, they still need to be careful in order to meet the standards of their loan agreement and ensure that they have enough resources to cover the costs of their debt.

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Human Rights Foundation Grants $300,000 for Bitcoin Builders Worldwide

at 4:13 by admin

• The Human Rights Foundation has announced a new set of Bitcoin Development Fund grants to support builders in the industry worldwide.
• Areas of focus include Latin America, Africa, the Middle East, Eastern Europe, and South Asia.
• Grants include $50,000 to Gleb Naumenko for his work on Bitcoin Core, $50,000 to Furzy for his work on Bitcoin Core, $25,000 to Bitcoin4India, $25,000 to Bitcoin Mountain, $25,000 to We Are All Satoshi project, $25,000 to Tor relay operator associations, and $25,000 to Bitcoin Magazine Ukraine.

The Human Rights Foundation has recently announced a new Bitcoin Development Fund grant program designed to offer support to builders in the industry across the globe. This fund is aimed at providing assistance to those located in Latin America, Africa, the Middle East, Eastern Europe, and South Asia.

The grants come in several forms. For example, $50,000 has been allocated to Gleb Naumenko to fund his work on Bitcoin Core. This work is focused on releasing Coinpool, as well as conducting research on SIGHASH_ANYPREVOUT and Eltoo as potential Bitcoin scaling solutions. Additionally, $50,000 has been granted to Furzy to fund his work on Bitcoin Core, which will focus on stability, security, and performance features.

Other grants include $25,000 to Bitcoin4India for community initiatives and local meetups, education, translation projects, and support of local artisans. Additionally, $25,000 has been granted to Bitcoin Mountain for their work building circular economies, organizing meetups and training in Cameroon.

The fund has also provided $25,000 to the We Are All Satoshi project, an Africa-based organization which aims to identify teenage women and men from all religious backgrounds interested in tech and help steer them to contributing to Bitcoin. This grant will help them create curriculum, organize support networks, and sponsor projects.

Furthermore, $25,000 has been allocated to Tor relay operator associations to improve network reliability and performance, as well as protect against DOS attacks. Finally, $25,000 has been granted to Bitcoin Magazine Ukraine to support regular Bitcoin meetups in Kyiv and produce the first print edition of Bitcoin Magazine Ukraine.

In summary, the Human Rights Foundation has released a new set of grants to support builders in the industry across the globe. Areas of focus include Latin America, Africa, the Middle East, Eastern Europe, and South Asia. These grants include $50,000 for Gleb Naumenko, $50,000 for Furzy, $25,000 for Bitcoin4India, $25,000 for Bitcoin Mountain, $25,000 for We Are All Satoshi project, $25,000 for Tor relay operator associations, and $25,000 for Bitcoin Magazine Ukraine.

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