Today’s Nuggets
Kraken and Mastercard Partnership
Bitcoin Transaction Error Case
Bitcoin Saw Largest Long Liquidation
Key Bitcoin Support Levels
Seller Exhaustion Near
Bitcoin Minders Down 25%
The Ten-Year History of Scares
We will discuss some Bitcoin news and some crazy things that are happening.
We will cover how to avoid making an error with Bitcoin, and look at some Bitcoin miner valuations with some stunning data, a lot of on-chain data, and some key levels of support.
Let us get into it!
MasterCard is the second biggest credit card company, and has just partnered with Kraken across the UK and Europe to expand Bitcoin adoption.
MasterCard works with 150 million retailers and will enable retailers to receive Bitcoin and stack it simultaneously.
People have asked me if I would like to get paid rent in Bitcoin for years. The answer is hell yeah, that would be awesome!
Perhaps retailers can be on the receiving end through Kraken Payments in Bitcoin instead of melting fiat. That is huge news!
I am always torn and perplexed by things such as the Freedom of Information Act.
This allows you to petition the government to get access to secret records that the government obfuscates. I met a lawman who is a crypto attorney. He believes that the U.S. government knows Satoshi's identity. He wants to sue the government for information to release the actual name and identity of the Bitcoin creator - a mystery since 2009.
I would rather that it stay a mystery. It makes it much more exciting. I say, let sleeping dogs lie!
The odds are that the government does not know who he is, so it could all be for nothing.
People make mistakes all the time with crypto.
Remember, if you are playing with crypto, you are your own bank, and there is no help desk. A Bitcoin user mistakenly paid three-quarters of a Bitcoin in transaction fees due to a panic-induced replacement by a fee, which is called an RBF error. We are not sure exactly what happened, but you have manual settings in your wallet that can lead to costly mistakes. Perhaps people got screwed up with their decimals.
This story underscores the importance of
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