“This thing is not a toy anymore, and it’s maybe not an asset anymore as well. It is going to be much bigger than that.” -Plan B

Happy Thursday, Bitcoiners!

It's The Bitcoin Dispatch, here with your daily dose of Bitcoin news!

In today’s newsletter:

• Fedi Snags $17M to Unleash World's First Federated OS

• Bhutan's $500M Eco-Friendly Bitcoin Mining Adventure in the Himalayas

• Prez Slaps DAME Tax on Bitcoin Miners: Stifling Innovation or Saving the Planet?

Fedi Snags $17M to Unleash World's First Federated OS

Well, folks, Fedi, Inc. just bagged a sweet $17 million in their Series A round. They're planning to drop the alpha version of Fedi for builders this month, and it's gonna be epic. The world's first federated operating system, Fedi, is all about putting power back into the hands of the people, creating "federations" for everything from friends and family to nonprofits and businesses. Built on the open-source Fedimint protocol, it's ready for developers to whip up new apps and modules to make this thing even more versatile. Say goodbye to third-party crypto exchanges and cloud backup services because Fedi is here to change the game.

The best part? Fedi isn't just for the tech-savvy Bitcoin enthusiasts. CEO Obi Nwosu says you don't have to be a tech wizard to start with Fedi and solve real-world problems. They're targeting communities facing poverty, oppression, businesses, and other groups. So, if you're tired of the same old centralised systems controlling your digital life, watch Fedi as they gear up to launch their alpha version for builders. The revolution is coming, people!

Source: Fedi

Bhutan's $500M Eco-Friendly Bitcoin Mining Adventure in the Himalayas

Bhutan's got big plans, folks! Their government's commercial arm, Druk Holding & Investments, is teaming up with Bitdeer Technologies Group to create a whopping $500 million fund for eco-friendly, carbon-free Bitcoin mining in the Himalayas. They're looking for investors to jump on board and plan to use Bhutan's plentiful hydroelectric power to mine those precious digital coins. Talk about staying ahead of the curve!

These two companies are all about synergy, with Bitdeer as the general partner and DHI as the limited strategic partner. Their focus is on Bitcoin, and they're planning to build a 100-megawatt operation in Bhutan. Bitdeer's got data centres in North America and Northern Europe, and this Himalayan venture is their big push into Asia. DHI's CEO, Ujjwal Deep Dahal, is psyched about this partnership, saying it's all about improving the lives of Bhutanese people and making sure the country stays on the cutting edge of innovation.

Source: Bloomberg

Prez Slaps DAME Tax on Bitcoin Miners: Stifling Innovation or Saving the Planet?

The prez's budget proposal for FY 2024 is bringing in the Digital Asset Mining Energy (DAME) excise tax, where Bitcoin miners gotta pay 30% of their electricity costs for mining cryptos. Apparently, the White House is all worked up about the so-called "economic and environmental costs" of mining, yapping about pollution, greenhouse gases, and high energy prices. But they're completely ignoring how Bitcoin miners already use tons of renewable energy, and the benefits they bring to power grids, like in good ol' Texas.

So now, we've got this ridiculous DAME tax that's just the government's way of meddling with private businesses, all while pretending to care about the environment. This tax could actually hurt those same communities by sending mining jobs overseas and messing up the local power grids that benefit from miners.

It's obvious the government's just afraid of change, and instead of supporting innovation, they're just trying to cash in on it with this hypocritical, evidence-free tax.

Source: Yahoo, Bitcoin Magazine

Tweet of the Day:

Meme of the Day:

That's a wrap for today. Until next time.

Do you have any feedback? Please reply and let me know; I would really appreciate that.