RABBIT HOLE RECAP #370: THE GREATEST BITCOIN MINER OF ALL TIME
- block releases proto mining open source and modular mining rig https://proto.xyz - treasury secretary scott bessent says SBR is around 125k btc, does not intend to buy more, will focus on confiscation https://x.com/TFTC21/status/1956013601741005172 - US Producer Prices Rise by Most in Three Years on Services https://archive.is/xzohV - Polymarket: Fed decision in September? https://polymarket.com/event/fed-decision-in-september - Bolivia | Banks Limit Withdrawals as Digital Asset Usage and Inflation Climb In Bolivia, where annual inflation has reached 25% and banks have been limiting withdrawal of US dollars to $100 a week, Bloomberg reports that Bolivians are turning to Bitcoin and digital assets as alternatives to the boliviano. “I’m not the only one using Bitcoin,” Christopher Salas, a coffee vendor in La Paz, said. “There’s a barbershop over there and a gym that also accepts satoshis.” For Salas, Bitcoin is both a hedge and a protest: “a way to preserve the value of my savings, but also a way to go against the system, against bureaucracy.” Bolivia’s hybrid authoritarian regime lifted a decade-long ban on digital assets in 2024. Since then, the volume of digital asset payments…
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