Boiler

The future of the energy industry IS the bitcoin mining industry. The future of the Bitcoin mining industry is the ENERGY industry.

I watched this twice and now I'm a nuclear engineer.

The cat is out of the bag: @Starcloud_-2 will be the first to mine 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 in space. This will be a massive industry in itself. Right now, bitcoin mining consumes about 20 GW of power continuously. It makes no sense to do this on Earth, and in the end state, all of this will be done in space. pcmag.com/news/startup-w…

I hope @MartyBent doesn't mind me pasting the entire first section of his newsletter from today, about the horrid Coinbase ad in the Superbowl. He's nailed exactly why it was immediately reviled by nearly everyone forced to sit through it: "Let’s talk about the Coinbase Super Bowl ad and, more importantly, the reaction to it from the millions of regular people watching the game last night. It highlights exactly why we at TFTC and Ten31 believe you should focus on Bitcoin, and why actors like Coinbase have done Bitcoin a massive disservice. People were giving Coinbase the finger. A visceral, immediate reaction. Retail does not like Coinbase. They got tricked into a karaoke activity during the Super Bowl with a Backstreet Boys flashback, only to be rugged by Coinbase yet again. Many people feel Coinbase and crypto is a scam because they put money in throughout the years, particularly in 2017 and later, and lost most of it. Coinbase is nothing more than a casino these days. They just want to launch as many tokens as possible, get people to speculate on them, and reap fees as people trade. This is one of the rhetorical tricks Brian Armstrong and the Coinbase team use. They say something blatantly obvious and true, then try to equate what they're doing to that thing. Equality of opportunity versus equality of outcomes is a real and important distinction. But then Armstrong takes that obvious truth and slaps it on crypto. It's really just economic illiteracy brought to the market and packaged in a way that makes it seem good. And this gets at what I think is the core misunderstanding. One of the biggest misconceptions in broader crypto is the belief that these tokens compete on tech features. People think it's a tech revolution. It's not. It's a monetary revolution. Armstrong and others think better smart contracting, faster settlements, and DeFi protocols are what's going to drive value. Bitcoin is certainly a tech innovation. The combination of proof of work with a difficulty adjustment, distributed consensus, and a hard cap supply is incredibly innovative and enabled by a novel combination of disparate technologies, but what it enables is a superior monetary good for the Digital Age. Once you have a free market for monetary goods, they compete on monetary properties, not tech properties. Bitcoin is relatively slow, simple, and boring, and that's because it needs to be. It limits the attack surface and increases social scalability so it can affect billions of people in a positive way. Bitcoin's beauty is found in its simplicity. That simplicity makes its monetary properties ironclad. Millions of tokens have come and gone over 17 years, and none have come close to Bitcoin's success. And I think the market is finally catching on. People have been burned. The greater fools of crypto scams are not going to be as plentiful as they were in cycles past. The knowledge has been distributed that these things are scams. Despite all of this, Bitcoin is sitting at a $1.4 trillion market cap, trading above $70,300. Bitcoin is still the king. Though, it has unfortunately been tainted with the stench of the rotting corpses of crypto scams that have died along the way. “Blockchains” exist to enable digital money for the digital age. It doesn't make sense to spin up a token to monetize YouTube or podcast content. The whole Base and Farcaster craze is a great example of that meme falling flat on its face. For these particular use cases of content monetization you don’t need a token for every creator, piece of content and “digital good”. What you need is distributed content mechanisms like RSS feeds combined with sound digital money like Bitcoin. Podcasting 2.0 does this beautifully. Put a Lightning address in your RSS feed and people can stream sats to a creator directly. You don't need a Marty token or a TFTC token. As AJC (Averaged Joe's Crypto) put it: the Coinbase ad took something universally loved, slapped crypto on it, and prayed that the emotional hijacking would work. Classic bait and switch. Yet another rug pull. People are suffering out there. In cycles past, they turned to speculation on crypto to escape the permanent underclass by taking big risks on meme coins, NFTs, and other ephemeral crypto fads. Most people who speculated found it made them financially worse off. And with AI increasingly threatening job disruption, people are particularly skeptical and hostile toward the tech industry at the moment. This is why I focus on bitcoin. It's the best money that's ever existed. It's not going away. We are in the early innings of adoption. If you understand that bitcoin is a long-term game and begin saving some of the fruits of your labor every paycheck, you'll see massive benefits as adoption increases. There are only 21 million bitcoin, and that scarcity is going to push up the purchasing power of individual units over time. Brian Armstrong and Coinbase are pied pipers leading the retail masses astray. The retail masses have caught on, which is why they reacted so negatively to that Super Bowl commercial last night. The sooner people in crypto put all of their effort behind bitcoin, something that is provably scarce, provably decentralized, with the most hash rate and the most individual holders of any digital asset, the sooner we can actually solve the hard problems as they pertain to money and financial stress. Crypto is a scam. Everybody knows it now." Good one, Marty, thank you!

'Just use a VPS' bro. It's just a 1-click, 2222-step install.

"You penetration test 'em so you simulate the pressure" 🗣️🔥🔥

This is what the Fed's "mandate" actually means in plain English: Maximum Employment: Make sure as many people as possible must keep earning taxable income as long as possible Stable Prices: Make sure the cost of living and assets never decreases so the tax base continually grows Moderate Long Term Interest Rates: Make sure long term interest rates stay lower than they would be naturally so the government can borrow near or below the rate of inflation (this is the big one) "Maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production": Increase the money supply at a similar pace to economic growth The Fed exists to maximize tax revenue and borrowing capability for the US government.

NEW: YoungHoon Kim, the world’s highest IQ record holder, says Bitcoin is going to $220,000 in the next 45 days. x.com/yhbryankimiq/s…

@adam3us @Bitcoin_Teddy BIP 324: Version 2 P2P Encrypted Transport Protocol

@Bitcoin_Teddy Bitcoin doesn't use encryption.

Chamath predicts a 2-5 year window before quantum computing becomes advanced enough to potentially break Bitcoin’s encryption.

What’s the common denominator with all of these issues? High rent — Money Can’t buy homes — Money Groceries too damn high — Money Student debt — Money Credit card debt — Money Health insurance — Money Saving to invest — Money Dating and marriage — Money (heavy burden because of monetary costs) Trust in institutions — shattered because of broken money Belief in the future — not possible when your money is GUARANTEED to lose value in the future BY DESIGN No meaning — heavy time and energy pressure because your time and energy decline when your money, which is a representation of your time and energy, declines in value Maybe the money is the problem?? Spoiler alert: it is. A socialist mayor isn’t going to fix it. Broken money breaks the world. All of these issues, including one of the biggest cities in the world electing a socialist, stem from the money being broken. The world will not be fixed until the money is fixed. The solution is here. All that remains is understanding. Study Bitcoin.

17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. @SenateDems could learn something from that.

Amazing to see a Bitcoiner win the Nobel Peace Prize The times they are a-changin’

Bitcoin isn't competing with gold or dollars it's competing with time. Every other asset decays. Real estate crumbles. Companies die. Currencies inflate. Bitcoin's defense is doing nothing forever.

@titcoinpodcast @americanhodl8 This is all so tiresome and divisive. Focus on Bitcoin. Don’t even try to make it a Bitcoin topic. Both the left and right are caught up in the current thing. Choose your own path and step out of the matrix. Focus on your life and start dreaming

@saylor Bitcoin-backed fixed income is the future.

70% of Americans can’t afford a median home. Why? Broken money forced people to use real estate as savings, making homes unaffordable. Houses aren’t savings accounts, they’re meant to be lived in. #Bitcoin demonetizes housing, drives prices down and puts families back in homes.

@VandelayBTC Power only, no data rx/tx?

Who knows what this little tweak is all about? Hint: Data vasectomy.

Bitcoin mining in Ethiopia has now their Electricity utility's revenue by $55 Million (18% of its p.a revenue) As Ethiopian Tribune reports, Bitcoin mining achieves this by: "monetising surplus energy" (energy that would otherwise have been wasted) and that "this revenue has been strategically reinvested into infrastructure development ... where Bitcoin mining profits fund the expansion of transmission lines and distribution networks." These transmission lines bring electricity to rural Ethiopians. The Tribune reports that rural electricity access "remained at just 43% in 2021". By accelerating the buildout of new transmission lines, Bitcoin mining is bringing more rural Africans out of energy poverty.

The majority of the world’s population doesn’t have a car nor access to a parking lot ergo parking lots are not a generally accepted medium for stopping

@LaFrogman If this thing can be upgraded to take out bees, wasps, and hornets, I'd shell out a few grand ~$2,500

Doing some market research - what would you pay for a Mini-Archimedes that plugged into the wall and killed mosquitos?