Howdy Stackers
Welcome to the 19th edition of The Daily Zap — A Daily Newspaper (Kind of 🙏). Here, you'll get links to all of the latest news and updates mostly from the last 24 hours, divided in sections (much similar to pages on a newspaper).
Let's unfold!

~Bitcoin News of the Day

  • As Bitcoin becomes more institutionalized, some argue that it is losing ties to its founding principles of decentralization. Bitcoin has become increasingly concentrated among governments, exchange-traded funds dominated by financial institutions, corporations and whales . Today, 6.5% of total wallets hold 98% of Bitcoins.

Global Trade & ~Econ

  • The UK's economy grew by less than previously estimated between April and June, according to official figures. It expanded by 0.5%, down from an initial reading of 0.6%, after output in the manufacturing and construction sectors fell by more than first thought.

~Politics_and_Law

  • Austria’s far-right Freedom Party (FPO) has topped the country’s national elections in a historic victory but is likely to struggle to find partners that would enable it to form a governing coalition.

~Stacker_Sports News

  • France midfielder Antoine Griezmann announced the end of his international career on Monday after being coach Didier Deschamps's most important player for a decade, during which he won a World Cup title. The 33-year-old, who struggled at this year's Euros, was one of the key elements in the 2018 and 2022 World Cup campaigns as Les Bleus took the title in Russia and finished runners-up in Qatar.

~Tech & ~Science

  • California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models Sunday.
  • The decision is a major blow to efforts attempting to rein in the homegrown industry that is rapidly evolving with little oversight. The bill would have established some of the first regulations on large-scale AI models in the nation and paved the way for AI safety regulations across the country, supporters said.

~History with Mystery

  • When Barack Obama celebrated his 50th birthday, journalists and experts noted that the president was showing more wear and tear—mostly in the form of wrinkles and gray hair—than when he took office in January 2009. Their observations sparked a flurry of news reports referencing the longstanding theory that U.S. president grow older more quickly than their contemporaries, perhaps due to the stresses of the job. One article quoted Michael Roizen, a doctor who in 2009 told CNN, “The typical president ages two years for every year they are in office.” Roizen said he had used presidential medical records from the 1920s through today to reach this conclusion.

~Entertainment World

  • The vice president hosted an afternoon event at the J.W. Marriott in downtown Los Angeles, with a lineup of celebrity speakers and guests that included Stevie Wonder, Sterling K. Brown, Lily Tomlin, Demi Lovato, Keegan-Michael Key and Jessica Alba; Alanis Morissette and Halle Bailey also performed during the fundraiser.
  • Inside the event — press was only allowed in for Harris’ remarks — the presidential candidate took the stage to Beyoncé’s hit song “Freedom,” alongside an announcer declaring, “please welcome our next president of the United States” to a standing ovation from the crowd.
Thanks for reading 🙏
Good morning 😊 don't stop posting!! 💪 I'll stick with the information about the presidents... personally I think it must not be easy at all to be president of one of the world powers like the USA!! whether as president you do well or badly is another thing... but the mere fact of having that responsibility in your charge ages anyone...
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I think people often mistake decentralization of ownership and decentralization of the protocol. I don’t like that people are taking the easy way and buying etf shares thus making etf issuers huge holders of bitcoin but I don’t think it changes anything in regards to the decentralization of the protocol.
One area where it might be concerning is social pressure in a contentious fork situation.
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Yes, I agree. One thing I want to add that people always saying that Bitcoin was created in response to 2008 crisis do not get Bitcoin at all. How can the 2008 crisis which wasn't even global alone produce such a divergence to the monetary system people have been using for centuries. Bitcoin is actually a response to the propoganda of Fiat, not to a crisis.
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I think that is just because Satoshi put "chancellor on the brink of a second bailout" in the genesis block. Clearly he had been working on Bitcoin for much longer and the precursors to Bitcoin had been worked on for decades. So I agree that bitcoin probably wasn't created solely as a response to the GFC but maybe that was the tipping point prompted Satoshi to know it was a an idea whose time has come. Who knows what he was thinking. That might have just been the top headline of the day.
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Yes, that's how broadly we should talk about the inception of Bitcoin. I just can't handle when it's narrowed down to one event in history.
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