Sounds like a scene from a science fiction novel? Well, not anymore! 

Lightning Labs just pushed the boundaries of innovation, launching a revolutionary feature that grants AI agents the power to hold and spend Bitcoin. 

This dramatic shift could reshape the internet landscape completely and thrust Bitcoin into its prophesied role - a natively digital currency for the digital economy.

 Let's take a plunge into this exciting development.

TLDR 📃

• Bitcoin’s new L402 protocol will enable AI agents to hold and spend Bitcoin, paving the way for BTC to become the Internet's currency.
• Nostr bypasses Apple's restrictions with "Zapple Pay", promoting Bitcoin as a medium for instant, free micropayments.
• Despite challenges, Bitcoin's influence is expanding with increased activity on the Lightning Network.
• As the US government's interest payments skyrocket, Bitcoin remains a promising alternative to the future of money.

Disclaimer: Not financial or investment advice. Any capital-related decisions you make are your full responsibility.

AI can now spend BTC all by itself 🤖

Bitcoin takes another giant step towards becoming the internet’s de-facto currency. This time, it’s with a trailblazing protocol named L402.

What's so special about this update? Well, it is a game-changer that revolutionises access to information on the internet! 

Think about it. AI agents are like representatives anyone can create to perform a task on the internet, but they’ve historically been limited because much of the internet is paywalled.

L402 enables AI agents to hold and spend BTC to access parts of the internet they couldn’t reach before. That's right! No more hitting brick walls where the internet is paywalled. 

Here's how it works. 

L402 transforms APIs into Bitcoin-friendly portals. The payments to access paywalled content are then settled on the Lightning Network. This update means blink-of-an-eye transactions and virtually zero fees for micropayments. Suddenly, any part of the internet that includes L402 in its API is within an AI agent's reach.

So, what's the big picture? 

AI services will no longer be tethered to credit cards. It reduces operational costs and opens up access to people who don’t have credit cards. Plus, the prospect of no-cost micropayments makes it possible to price services in fractions of a penny, ushering in an era of peak efficiency.

There's a fun little fact about L402, too. Ever come across a 404 error when clicking on a broken link? Well, its lesser-known cousin, the 402 error, is for "Payment Required." It's mostly hidden since existing payment processors handle things internally. Now, with L402, we don’t need payment processors to solve this error. 

The future looks promising! As AI agents continue to evolve, who knows what they'll be capable of when they can spend money?

However, as exhilarating as it all is, the broad adoption of L402 and having AI agents roam the web to fetch paywalled information might take time. Sure, the tools are ready and raring to go, but now it's a waiting game for companies to integrate this functionality into their APIs. 

Yet, as more and more APIs update to include this feature, AI and Bitcoin become more powerful.

Nostr outfoxes Apple; Bitcoin tips continue flowing 😏

Still on AI and Bitcoin! 

As the buzz around the Lightning Network intensifies, Enter Nostr, the burgeoning social network, and Apple, the tech behemoth. 

What's the scuffle? You guessed Bitcoin tips.

Apple flagged a feature on Nostr's platform - the audacity to allow users to tip using BTC. Apple's argument: it breaches guidelines. These aren't purchases; they’re tips!

Undeterred, Nostr shot back this week with an ingenious solution. Users can now sidestep Apple’s rules by confirming their transactions on a computer. With a cheeky grin, they dubbed the workaround “Zapple Pay.”

This move isn't just about a social media spat; it's a significant leap towards cementing Bitcoin as the internet's main currency. By facilitating instant and free micropayments, the power is back in users' hands.

If Nostr doesn't ring a bell, here's a quick rundown: It's a decentralised social network storing data across many nodes (referred to as "relays"). At the heart of Nostr's ethos is a relentless fight against censorship. 

And with Bitcoin and the Lightning Network at the core of its platform, it's gained the backing of industry bigwigs like Jack Dorsey and other influential figures in the Bitcoin community.

 So, keep an eye on this one - it's going places!

A glance at fiat 🙊

Meanwhile, fiat currency has been doing what it does best - setting new records for how broken a monetary system can become. 

The amount the US government pays on interest for its loans is nearing $1 trillion annually! 

That’s how much the entire federal budget was in the early 2000s and about as much as the government paid to bail out the banks in 2008, just before Bitcoin was born – a truly mind-boggling amount.

Price analysis 📊

Now, let’s talk prices!

If you've been observing Bitcoin as much as we have, you'd have noticed an intriguing pattern. After significant price swings, like the one we saw three weeks back, Bitcoin's price often settles into a rhythm, oscillating within a range for about two or three weeks. We know that because we’ve seen it happen before - multiple times.

But then, the spark of volatility strikes again, jolting the market into action.

So, what's next for Bitcoin? Brace yourselves - an exciting crossroads is looming! The Consumer Price Index (CPI) data due for release on July 12th might be the impetus needed to swing Bitcoin's price off its proverbial couch and back onto the dance floor. 

Be warned, though - we might first see a dip into the red, the storm before the rainbow, if you will. We could see Bitcoin testing the resilience of the $28,750 mark as a support level before gathering the momentum necessary to catapult beyond the $32,000 ceiling.

Then again, Bitcoin could surprise us all and break that $32,000 barrier ahead of schedule! In that case, know that most of your favourite alts will be left in the dust for a while - Bitcoin will stay in the spotlight.

Cryptonary’s take 🧠

This week, Bitcoin, the internet, and AI crossed paths in an encounter that feels like it’s been destined since the dawn of the internet. 

Bitcoin’s becoming the currency of choice not just for humans but also for AI agents that’ll become increasingly powerful as the World Wide Web opens up to them. 

Distributed social networks like Nostr keep adding to the utility behind Bitcoin, creating the version of the internet that was always intended. 

We're stepping into a future that's not only arrived, it's also chosen its currency - Bitcoin. 

As always, thanks for reading! 🙏

Cryptonary, out!