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Sri Lanka Turmoil + Canada Bank Outages
Sats O'Clock
July 11, 2022
Wake Up! It's Sats O'Clock.
Good morning. It's July 11, 2022.
Bitcoin is hovering around $21K at the time of writing.
Saylor is unfazed by the dip.
On August 11, 2020, @MicroStrategy embarked on its #Bitcoin Strategy, acquiring 21,454 bitcoins at an aggregate purchase price of $250 million.
Performance since that time of BTC is +83%, $MSTR is +79%, S&P is +16%, Nasdaq is +6%, Gold is -14%, Bonds is -16%, and Silver is -33%.
— Michael Saylor⚡️ (@saylor)
8:12 PM • Jul 8, 2022
The biggest news from the weekend is the economic collapse of Sri Lanka. The people have reached a boiling point with their government.
They are finally figuring out who the real target of their anger should be.
Protesters broke through the front gate of Sri Lanka's Central Bank.
— Wall Street Silver (@WallStreetSilv)
5:22 PM • Jul 9, 2022
Canada suffered a country wide telecommunications outage that left millions of people without phone service and bank service.
This Canada-wide Rogers outage really highlights the dangers of monopolized industries. When one malfunction can put half of a country’s economy on pause, we have a big problem.
— Sebastian Stern (@sternseb)
1:24 PM • Jul 8, 2022
This goes to show why you can't have your money in the hands of 3rd parties.
Bitcoin adoption in Italy is growing.
#Bitcoin ATM spotted in Italy 🇮🇹
— Bitcoin Magazine (@BitcoinMagazine)
11:34 AM • Jul 10, 2022
Another reason why companies should use Bitcoin.
As a business owner, #Bitcoin, & particularly, the Lightning network enables me to accept payments from my customers at essentially zero cost (compared to ~3.5% with Visa), w/ instant settlement & no fraud/chargeback risk.
I pass my cost savings back to users instead of the bank https://
— abitcoinperson 🇸🇻 🇨🇫 🇵🇦 (@abitcoinperson)
2:17 PM • Jul 10, 2022
How the Bitcoin halving works.
#Bitcoin Monetary Policy is the supreme monetray policy known to mankind.
— toxiMaxii ⚡🧡 (@toximaxii)
1:21 PM • Jul 10, 2022
Japan needs Bitcoin!
Giant #Bitcoin sign spotted in Japan 🇯🇵
— Bitcoin Magazine (@BitcoinMagazine)
8:39 PM • Jul 9, 2022
Rockefeller believe in Bitcoin.
NEW — Rockefeller International Chairman: #Bitcoin comeback will be like Amazon in the 1990s.
"The dependence on the U.S. dollar cannot continue."
— Bitcoin Magazine (@BitcoinMagazine)
11:01 AM • Jul 9, 2022
Saifdean has spoken about this many times.
Do you know the “Cantillon Effect”?
1. New money is printed
2. The new money is distributed to the 1%
3. The 1% spends the new money
4. The new money leads to price inflation
5. The 99% are fucked.Inflation always touches the 99%, never the 1%.
#Bitcoin fixes this.
— Paul ⚡️ (@btcfts)
11:47 PM • Jul 9, 2022
We have come a long way.
Q: how is @binance doing now #bitcoin price is $20k?
Me: when @binance started, #bitcoin price was $2k.
— CZ 🔶 Binance (@cz_binance)
6:42 PM • Jul 10, 2022
Some miners are keeping their BTC stash instead of selling.
JUST IN: #Bitcoin miner Marathon now holds 10,055 BTC worth more than $210,000,000
They're hodling all of the bitcoin they mine 🙌
— Bitcoin Magazine (@BitcoinMagazine)
10:47 AM • Jul 8, 2022
More lightning adoption for businesses.
Welcome to The Lightning Bar at Satoshi's Place #Bitcoin Hub in Manchester, England 🏴 ⚡️
— Bitcoin Magazine (@BitcoinMagazine)
5:58 PM • Jul 10, 2022
If you missed it...
A friendly reminder.
One of most important #crypto rules: Never tell anyone how much crypto you own.
— Altcoin Daily (@AltcoinDailyio)
7:05 PM • Jul 10, 2022
Great to see people using the dip to become whole coiners.
TWEET OF THE DAY
Take control of your money.
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Just kidding!
Get your coins off exchanges!!!!
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