Democracy on Display in "Debate". Do you finally understand Bitcoin's value proposition?
?? Weekly TL;DR?
Happy Canada Day! The modern state is a sham, if that wasn't made clearly evident during Thursday's absolutely cringe-worthy and barely watcheable presidential debacle--er sorry--"debate".
I don't want either a narcissist liar controlling my money--let alone the nuclear codes--but I want a senile career politician crook doing it even less.
Why do you think Bitcoin has been such an important issue in this election? Because we're talking about electing a leader who will willingly have their credit card cut up--drunken sailors that they are--or one who will allow "the swamp" to restructure their debt in a mature and grown-up way. I save my money in bitcoin eitherway: the G8's debt is thankfully no longer mine.
End of story.
In the meantime, you don't have to wait--and that's the beauty of a SECULAR monetary technology--for any "elected leader" to agree or disagree. And you don't have to wait until November to "cast your vote": Bitcoin allows you to do it 24hours a day, 365 days a year (and thanks to Ndax's recurring purchase feature, I do, 3 times a day.)
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AssangeDAO raised $56 million in ETH to support WikiLeaks founder Julian Assange, making it one of the most successful single-use DAOs. The funds were raised by selling an NFT, with proceeds going to the Wau Holland Stiftung, a nonprofit supporting WikiLeaks. Contributors received JUSTICE tokens for governance.?
Despite internal disagreements and a leaderless structure, the DAO achieved its goal. The Wau Holland wallet has withdrawn about 75% of the funds, with $15 million remaining. Withdrawals slowed after markets improved in October.?
While the exact use of funds is unclear, it's assumed they've gone towards Assange's legal costs and support. Recently, Assange's wife appealed for funds for chartered flights, suggesting the Wau Holland Foundation could cover it.?
With Assange's recent plea deal and release, AssangeDAO appears to have succeeded in its mission, outperforming other notable DAOs like ConstitutionDAO. Blockworks' Empire Newsletter?
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Republican Congressman Matt Gaetz has introduced a bill to allow U.S. taxpayers to pay federal taxes in Bitcoin. He argues this would promote innovation and increase efficiency. The legislation would require Treasury Secretary Janet Yellen to develop a plan for accepting Bitcoin as payment for federal taxes.?
This move aligns with a growing political embrace of crypto in the U.S. Republican presidential nominee Donald Trump has shifted his stance on digital assets, making them a key part of his campaign, as has former-Dem-turned-Independent Bobby Kennedy, Jr. Even President Biden has been showing more openness to the crypto industry.?
As unlikely as this bill is to pass--and were it to pass, as unlikely as any bitcoiners are to use their ‘real’ money to settle FIAT liabilities, some in the crypto community are arguing it could pave the road for Bitcoin as legal tender a little (or a lot) further down the road. The Defiant?
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The first 2024 U.S. presidential debate between Biden and Trump didn’t mention bitcoin or crypto once, despite industry hopes. The 90-minute debate in Atlanta focused on the economy, abortion, immigration, and foreign policy, but barely touched on technology policy.?
Crypto has been a significant talking point in this election cycle, especially after Trump began discussing it on the campaign trail. Biden's campaign hasn't made public statements about crypto, though his administration expressed interest in working with Congress on legislation.?
The crypto industry is hoping for friendlier legislation and is investing heavily in political action committees to support candidates. They've already seen some success in primary elections.??
During the debate, Biden appeared soft-spoken due to a cold, while Trump was louder but faced more fact-checking challenges. A prediction market on Polymarket is giving Trump better odds of winning in November. Coindesk?
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More News Nuggets:?
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Market Summary:?
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Performance:?
Prices and percentages as of 1/7/2024 1:15 AM EST?
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?? Upcoming Events?
Mark your calendars!?
June 28 - CME Futures Expire?
July 11 - June CPI #s?
July 25 - Bitcoin 2024 Nashville?
July 31 - Next Fed Interest Rate Decision?
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?? Educational Resources?
For those of you looking to learn more about bitcoin and crypto markets this week:?
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THIS WEEKLY UPDATE AND WEBSITE ARE NOT INTENDED TO PROVIDE INVESTMENT, LEGAL, ACCOUNTING, TAX, OR ANY OTHER ADVICE AND SHOULD NOT BE RELIED ON IN THAT OR ANY OTHER REGARD. THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF CRYPTOCURRENCIES OR OTHERWISE.?
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All right, friends. As you know, for buying bitcoin I recommend NDAX.?
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IMO it's the safest, most transparent and least expensive marketplace in Canada for bitcoin.? Plus, NDAX is the only crypto trading platform in Canada that is Soc 2 Type 2 compliant... (And this--publicly audited by a reputable Canadian accounting firm-- for several years in a row). ? Deposits are free, plus receive $10 when you fund your account with $100CAD+ Sign up today.?