• Olga Ukolova, director of the board for the LNP/BP Standards Association, discusses Ordinals and inscriptions from a numismatic perspective.
• She highlights the example of a golden double-eagle coin minted in 1933 in the U.S., worth $18.9 million today, which was proposed by President Theodore Roosevelt and designed by Augustus Saint-Gaudens.
• Its rarity due to a limited supply and unique inscriptions makes it highly sought after and valuable even after it was declared illegal by President Franklin Delano Roosevelt in 1933.

The History of Numismatics

Olga Ukolova, the director of the board for the LNP/BP Standards Association, has been studying ordinals and inscriptions from a numismatic perspective. From reading up on Ordinals resources (the handbook, Ordinal theory overview, and BIP documentation), one can see there is a pretty straightforward idea behind this concept: if you have a rare coin (and a satoshi is indeed rare due to its limited supply), then you want to store it as long as possible either for your own pleasure or to pass down to future generations who may be able to sell it at an even higher price than you could ever imagine. This idea has classical numismatic roots that date back centuries ago when coins were produced with unique inscriptions that made them highly sought after and valuable despite their limited supply.

The Example of the Double-Eagle Coin

As an example, we can look at the history of the golden double-eagle coin minted in 1933 in the United States that is currently worth $18.9 million making it one of the most expensive collectibles in existence today. The concept for this coin was proposed by President Theodore Roosevelt and was enthusiastically accepted by designer Augustus Saint-Gaudens who wrote about this project saying “I have long wished to do what little I could to improve our money.” However, despite its perfect design that included pure gold content and unique inscriptions that increased its value, President Franklin Delano Roosevelt declared this type of currency illegal in 1933 forcing all 445 thousand existing coins to be melted down or destroyed making them even more valuable due to their extreme rarity.

The Value Of Rare Coins

From these examples we can see how important rarity is when it comes to valuing coins – because they are so scarce they become extremely coveted items which leads them into becoming highly priced collectibles over time as more people learn about their story or seek out owning such pieces themselves.. This is why many investors often put their money into buying rare coins as they know they will eventually increase in value due not only to its inherent material value but also because of its symbolism or historical importance associated with them making them great investments regardless of whether they are legal tender or not anymore like was seen with this particular golden double-eagle coin mentioned above.

Bitcoin’s Unique Properties

In addition to traditional currencies such as gold coins , Bitcoin offers similar opportunities but with some distinct advantages such as decentralization , pseudonymity , immutability , global acceptance , fixed supply , fast transactions . These properties make Bitcoin attractive both from an investment standpoint but also from philosophical perspectives since it serves a greater purpose besides just being used for monetary exchanges . In fact , many investors choose Bitcoin over other assets precisely because of these features .

Conclusion

To conclude , Olga Ukolova discussed how ordinals and inscriptions make sense within numismatic contexts especially when looking at examples like the golden double-eagle coin minted in 1933 which experienced huge increases in value despite becoming illegal shortly after being released . She also highlighted how cryptocurrencies such as Bitcoin offer additional benefits beyond traditional currencies due to their decentralized nature which makes them more attractive investments while still offering philosophical purposes too .

• U.S. federal prosecutors have announced four additional criminal charges against Sam Bankman-Fried, alleging that he corrupted the operations of cryptocurrency companies he founded and controlled.
• The new charges include conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transmitter in addition to the original counts of wire fraud and money laundering.
• Prosecutors allege that SBF also illegally utilized others to contribute to political movements without his name being attached, in order to conceal his association with those parties or candidates.

New Charges Announced Against Sam Bankman-Fried

U.S. federal prosecutors have announced four additional criminal charges against Sam Bankman-Fried, alleging that he corrupted the operations of cryptocurrency companies he founded and controlled from at least 2019 up until November 2022. In addition to the eight original counts SBF was facing, these new charges include conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transmitter.

Evidence Against SBF Alleged by Prosecutors

The document outlining these new charges alleges that Bankman-Fried tapped into customer assets in order to provide interest-free capital for private expenditures without disclosing the risk posed by doing so, as well as concealing how FTX was connected with Alameda’s cryptocurrency trading and investments in other companies. Furthermore, prosecutors allege that Bankman-Fried used others to make contributions towards various political movements without having his name publicly attached in order hide his association with certain parties or candidates.

Consequences of FTX Failure

The industry is still feeling the effects of both the business impact and regulatory scrutiny which followed after FTX’s failure back in December 2020 when Bankman-Fried was arrested in the Bahamas for these alleged crimes.

Previous Charges Faced by SBF

Bankman-Freid originally faced a total of 8 counts from the United States Southern District Court of New York including: Conspiracy to commit wire fraud on customers; Wire fraud on customers; Conspiracy to commit wire fraud on lenders; Wire fraud on lenders; Conspiracy to commit commodities fraud; Conspiracy to commit securities fraud; Conspiracy to commit money laundering; And conspiracy t defraud the United States and violate Campaign Finance Laws.

Conclusion

Sam Bankman-Fried now faces a total of 12 criminal charges related largely related primarily due largely due large failure if FTX empire following its immense success over years prior.. These new indictments add further evidence against him while highlighting both financial misconduct as well as illegal political donations allegedly made under false pretenses while concealing ties between himself or his businesses with certain parties or candidates

• The article discusses the investment advice from the Gemara in Talmud, which suggests splitting one’s wealth into three parts.
• The traditional Jewish diversified portfolio includes land, cash on hand and risky assets.
• Applying this ancient wisdom to modern times can be beneficial for investors looking for stability and growth.

Applying Ancient Wisdom To Modern Investing

The article is an opinion editorial by Konstantin Rabin, a finance and technology writer, who explores how applying the thought of old thinkers to our modern existence can help us understand why Bitcoin might even be backed by Talmudic teachings. He mentions that while the money management strategies found in books from thousands of years ago might seem primitive or irrelevant today, understanding their meaning provides valuable lessons worth considering when it comes to investing.

The Traditional Jewish Diversified Portfolio

Rabin’s friend refers to a quote in the Gemara section of the Talmud which states that dividing one’s wealth into three equal parts spread among land, cash on hand and risky assets is an effective way of investing money. This is known as ‘the traditional Jewish diversified portfolio’ and involves investing a third of your funds into real estate – this has been a practice for centuries and still offers great potential for wealth preservation and growth with expectations of 10.7% compound annual growth rate from 2022-2031.

Investing A Third In Cash On Hand

Keeping a third of your funds in cash allows you liquidity if needed quickly but doesn’t offer much return on investment since the rate at which money appreciates is very low compared to other investments such as stocks or cryptocurrencies. However, having some money available immediately can provide peace of mind when making large purchases or unexpected expenses arise.

Investing A Third In Risky Assets

Risky assets include stocks, cryptocurrencies such as Bitcoin, commodities like gold or silver, mutual funds etc – any asset that carries more risk than others but also has higher returns potential. Investing in these types of assets allows you to grow your wealth faster compared to other options but also puts your capital at greater risk due to high volatility levels associated with them.

Conclusion

This opinion editorial by Konstantin Rabin demonstrates that ancient wisdom still holds true today when it comes to investing wisely – dividing one’s wealth into three parts spread amongst real estate (land), cash on hand and risky investments could be beneficial for investors looking for both stability and growth potential at the same time

• Genesis Global Trading has reached a restructuring agreement with its creditors to maximize recoveries.
• The deal includes a second lien term loan facility with 11.5% interest and another tranche denominated in bitcoin at 5%.
• Gemini has agreed to contribute up to $100 million for the recovery of users of their Earn product, who still do not have access to their funds.

Restructuring Agreement Reached by Genesis

Genesis, a subsidiary of Digital Currency Group (DCG), has entered into a restructuring agreement with key creditors that would see the sale of Genesis Global Trading and other moves designed to maximize the recoveries for the estate.

Details of Deal

The deal includes restructurings of debt owed from DCG to Genesis Holdco, one of the entities that previously filed for Chapter 11 protection. These terms include a second lien term loan facility with a maturation date of June 2024. Additionally, there are two tranches: one in U.S. dollars paying 11.5% interest, and another denominated in bitcoin paying 5% interest. In addition, DCG has agreed to issue convertible preferred stock, however specifics are yet to be determined.

Causes Of Bankruptcy

The lending arm of Genesis was forced to halt withdrawals in November 2022 after contagion from the collapse of crypto exchange FTX earlier that same month; Genesis subsequently filed for bankruptcy last month and is expected to reach an agreement with creditors by the end of January 2023. As part of this fallout, withdrawals were also frozen for users on Gemini Earn who had received yield through arrangements with Genesis’ lending arm.

Response From Gemini

Cameron Winklevoss, President of Gemini, expressed his displeasure at the situation through a letter posted on Twitter addressing these issues; during today’s hearing he tweeted that Gemini will contribute up to $100 million more for recovery purposes for Earn users who still do not have access to their funds.

Conclusion

The restructuring agreement between Genesis and its creditors should help improve financial recoveries and pave the way forward for affected customers on both sides of this equation – those using both traditional banking services as well as cryptocurrency services such as those provided by Gemini Earn

• Strike, a digital payment platform built on Bitcoin’s Lightning Network, has announced the expansion of its “Send Globally” product to the Philippines.
• This will allow for fast and secure money transfers between the U.S. and the Philippines, which is one of the world’s largest remittance markets.
• Strike has partnered with Pouch.ph for easy conversion from U.S. dollars to Philippine pesos in both bank and mobile money accounts in the Philippines.

Strike Expands Send Globally to Philippines

Strike, the leading digital payment platform built on Bitcoin’s Lightning Network, has announced the expansion of its “Send Globally” product to the Philippines; allowing for fast and secure money transfers between the U.S. and this major remittance market.

Partnering with Pouch.ph

Strike has partnered with Pouch.ph to enable easy conversion from U.S dollars to Philippine pesos in both bank and mobile money accounts in the Philippines; eliminating any need for sender or receiver worries regarding bitcoin taxes, dollar volatility or custody implications when sending payments internationally at lightning speeds – all within a single transaction!

Lightning Network Benefits

The Lightning Network allows for digital payments to be made faster, cheaper and more accessible; particularly in countries where unbanked individuals are present – this is especially beneficial for those relying on more than $35 billion annually sent from abroad (with over $12 billion coming from USA alone).

Revolutionizing Cross-Border Payments

With Send Globally by Strike & Pouch technology working together, cross-border payments have been revolutionized which further empowers people to send money effortlessly around the world within nearly an instant!

CoinCorner Integration

CoinCorner has also partnered with Pouch offering European customers access too remittances as well! With each integration of partners such as these two companies – financial inclusion is becoming ever so accessible as well as providing better payment services globally!

Constructive Criticism is Productive Discourse for Bitcoin

The Benefits of Constructive Criticism

Constructive criticism can be productive discourse for Bitcoin. By pointing out incorrect assumptions, enumerating dangers and calling out hypocrisy of goals versus actions, people can help the world of Bitcoin to succeed.

The Dangers of Illogical or Nonsensical Criticism

Illogical or nonsensical criticism is not productive discourse. People should not criticize something they do not understand or appeal to authority or intuition instead of doing research.

Shooting the Messenger

Unfortunately, when people receive criticism it does not feel good. This can lead to shooting the messenger – dismissing wise and prophetic people in Bitcoin and ignoring their messages.

Messages From Wise Prophets

“If you want bitcoin to be for people’s security as well as freedom and human rights, don’t post public photos without people’s consent.”
“If you want people to be physically secure using Bitcoin, stop sharing information with third-party marketing firms that do not meet the security required for Bitcoin customers.”
“If you want decentralization of miners throughout the world, stop pushing for excessive mining in your city, your company and your country.”
“If you want privacy, don’t shout that something offers complete privacy while simultaneously breaking that promise with every action.”

Conclusion
< p > The wisest and most prophetic people in Bitcoin are often dismissed or ignored. To prevent this from happening we must recognize the importance of constructive criticism when it comes to helping our beloved cryptocurrency succeed.

• In late 2022, Hydro-Quebec proposed to stop selling cheap power to cryptocurrency miners.
• Manitoba announced plans to halt any new electric grid connections for cryptocurrency mining operations for 18 months.
• British Columbia is attempting to stop mining growth to assess the environmental impacts of cryptocurrency mining.

The cryptocurrency mining industry has been rapidly growing over the past few years, with miners flocking to countries with cheap electricity and favorable regulations. However, in the final months of 2022, several Canadian provinces have taken steps to slow down the growth of this industry by introducing stricter regulations.

In late 2022, Hydro-Quebec proposed to stop selling cheap power to cryptocurrency miners. This proposal, which called for the Canada Energy Regulator to suspend the allocation of 270 megawatts requested by cryptocurrency miners, would make it harder for miners to operate in the province.

Manitoba also announced plans to halt any new electric grid connections for cryptocurrency mining operations. This suspension will last 18 months from November 2022 and will allow the province to review the externalities from the mining industry’s energy demands. As of now, the 37 currently-operating mining facilities in Manitoba are not affected. But requests for new connections from 17 different operators have been suspended.

British Columbia has also taken steps to slow down the growth of the mining industry by attempting to stop mining growth to assess the environmental impacts of cryptocurrency mining. This move has been met with both criticism and support, as mining operations can create jobs and economic activity, but can also draw heavily on power and other resources.

These new regulations are a sign of the increasing scrutiny that the cryptocurrency mining industry is facing. Provinces are trying to balance the potential economic benefits of mining with the potential environmental and other external costs. It remains to be seen how these regulations will affect miners in Canada and whether they will be able to adjust and continue to operate in the future.

• Lugano Switzerland is home to hundreds of merchants that accept bitcoin, thanks to the Plan ₿ foundation’s city initiative.
• The initiative includes making bitcoin a de-facto legal tender, and the Plan ₿ Summer School which featured expert speakers including Blockstream CEO Adam Back.
• The Plan ₿ foundation has partnered with GoCrypto to onboard many merchants to accept bitcoin, and is predicted to serve over 2,500 customers using bitcoin by the end of the year.

Lugano Switzerland is quickly becoming a thriving hub of bitcoin activity. This is thanks to an initiative from the Plan ₿ foundation, which seeks to attract wealth, smart minds and opportunities to the city. As part of their city initiative, Lugano has made bitcoin a de-facto legal tender, which was announced in March 2022. This was followed by the announcement of the Plan ₿ Summer School, an educational opportunity for those looking to learn more about bitcoin and businesses, which took place in July 2022. The school featured expert speakers including the likes of Blockstream CEO Adam Back.

The Plan ₿ foundation has also announced a new map which showcases the hundreds of merchants across the city that accept bitcoin. This includes everything from food, drinks, art, fashion, jewelry, cars, watches, tattoos, real-estate, municipal taxes, and services. The foundation has partnered with GoCrypto to onboard multiple merchants to accept bitcoin, including McDonald’s and various art galleries. The foundation predicts it will serve over 2,500 customers using bitcoin by the end of the year.

The importance of this initiative cannot be understated. As the bitcoin ecosystem grows, various jurisdictions will continue to vie for the business of Bitcoiners and Bitcoin companies. Lugano is one of the first cities to embrace this new technology, and is certainly paving the way for others to follow suit. With this new map, those looking to live entirely on bitcoin can now do so in Lugano with ease. This is truly a revolutionary development, and one that will no doubt make Lugano an even more attractive destination for bitcoiners from all over the world.