Bob Burnett

@KarenBassLA Her endorsement of you says it all.

It is an incredible honor to receive an endorsement from Congresswoman Maxine Waters. She has been one of the most powerful voices in Washington as Ranking Member of the House Financial Services Committee, opening the doors of banking and finance to Black and Brown communities who were locked out for generations.

@pixelpushed @lisathebeauty1 Don’t put words in my mouth and don’t measure ‘the game’ by an X profile date. Whatever though, you just keep restating the same “fuck the boomers” with no substantiation of them having been a root cause of any problems.

‘listen here buddy’ 🤣 you’re doing the meme. base on your profile date i’ve been in this game longer than you have. pls, i need no lecture on the monetary system. you are so greedy you think you’ll outlive us. you’ll be that of Diane Feinstein and Mitch McConnell; walking corpses.

Landlords should not be able to increase rent unless they are upgrading the property/apartment.

@aiotcBitcoin @ocean_mining All in good time

@boomer_btc @ocean_mining Bitcoin can’t really run until Ocean is top 8 pool consistently on a 3 month rolling basis. I don’t make the rules.

Some positive momentum in @ocean_mining @boomer_btc this past month. New adoption I assume -vs- luck?

Bad news for you. We’ll live longer than any generation is history. You’re directing your venom at the wrong people. The monetary system is at root of all of our problems (yours and mine) and that is what you should hate. Boomers had nothing to do with it. Some of us are trying to fix it though.

@boomer_btc @lisathebeauty1 none of it is your fault and other ppl are lazy 🤣 here’s a truth bitcoiner to bitcoiner; everyone is waiting for you and your ilk to die off. no one will look back at your generation with admiration and reverence; we all want you to drop d as fast as possible.

You claim to be a Bitcoiner…you should know that rent is going up forever in fiat terms. And before you call me a rent seeker maybe go look at what I’ve built in my career. Regardless, boomers didn’t cause the problems you face and most suffer just the same. Stop whining, go build some shit yourself, save in Bitcoin and you’ll be fine.

@boomer_btc @lisathebeauty1 you are a literal rent seeker. fucking boomer is the nicest label you get.

@PeachFrog99 @MayorFrey I’m good with that but let’s honor the men and women that already lay in graves. That’s the purpose of today. Trying to make it into anything else is a low move.

@boomer_btc @MayorFrey how about not invading other countries and then you won't have so many dead in the armed services.

Today, we remember George Floyd, who was murdered by a former Minneapolis police officer six years ago.   That moment changed our city forever.

@pixelpushed @lisathebeauty1 It’s a business - of course the value and equity increase over time. Don’t give that to the property owners and they’ll leave. And, don’t give me that “fucking boomers” bullshit.

@boomer_btc @lisathebeauty1 what about increased equity/value of the property over time bc of occupancy? does it mean lower rent? of course not bc it’s all mine mine mine. fucking boomers.

Blame those that managed the budget during their watch (overspent) and those who printed the money to make up for those “services”. Both parties and all Fed chairmen/woman were in on it. BTW - services included wars we didn’t want and bailouts of financial service companies the politicians and bankers deemed too big to let fail.

Just so you know, Boomers didn't pay enough taxes to support the government services they received and that's why most governments ran deficits for the entirety of Boomers' working lives & later generations are saddled with massive gov't debt. They always neglect this part...

It is not censorship. No actions are directed any individual or organization. All are welcome. Just be a good steward and you'll be treated appropriately. That said, at least for me, the thing that most upsets me about our current state is the abuse of the segwit discount. I'm a miner, my product is block space. I don't want to give essentially an unlimited discount on my product. If you need/want access to an extra few hundred bytes for something special, fine, we can still be friends and you should get the discount. Abuse the discount and start asking for kilobytes and megabytes of extra space, I'd rather you not do it, but if you do, sorry you need to pay full price (charged for full weight.) My personal goal is that whether BIP-110 activates or not, the end result is that we get to a point where this obvious gap is closed. It would reduce spam and increase miner revenues. Most people align with these goals.

@boomer_btc Ok, but why would you want to choose the side that introduces censorship? Besides, BIP110 would cause more spam to start appearing in worse places

We got one.

@the_magrathean The good news is that I think the same path to each of us having some control of our AI/compute will come. Give it a little time.

@boomer_btc And now we seem to be going back to charging for compute by the hour (or token). This is not progress.

Note the first line in the photo: 30 hours of CPU time for $31.25/hour in 1978. This is why I started my career developing personal computers and why the personal computer was revolutionary and so historically significant. It made access to compute unpermissioned and accessible to almost everyone. This was one of the most significant technological decentralizations and it was the catalyst to everything from the internet to streaming video/audios to Bitcoin to AI.

No one has said that Boomers have been without fault. That said, their actual position and role in the present situation are exaggerated and twisted. As a generation, their median net worth is not prosperous - $400k. Those that did do well primarily did so in the last twenty years as they financially struggled with extreme inflation in the 70s, the crash of ‘87, and the bubble burst of ‘01-‘02. Their prosperity in the last twenty years has been the result of monetary inflation and the Cantillon Effect, something about 0.1% of people understand and virtually no Boomer had any role in. And, even somewhat prosperous Boomers are afraid of the future themselves; the global situation is precarious, they’ve seen the crashes, and they know there is a good chance that they will live much longer than previous generations. The wealth they have might have to stretch decades more. That said, Boomers do understand that their children and subsequent generations are in a tough position financially. For instance, the housing issue and student loan debt are especially real. However, other than what each family can offer their children individually, there is little they can (or could have done) to help. I have yet to see anyone offer a legitimate and actionable plan that boomers could have implemented that would have helped. That is because this is the path dictated by those controlling the monetary system. As evil and misguided as it was, this was inevitable. (Granted, maybe if there had been enough support for Ron Paul it would have been stopped - we tried). As my friend @LawrenceLepard has detailed, it ends in The Big Print and we’ve already had several material prints along the way. That’s why we are here. An out was provided for some by Satoshi (potentially a boomer himself). Those that jumped on early already beat the system, those still sitting on the sidelines can at least improve their position by starting now. Those that never join are likely lost to the fiat quagmire.

The issue with boomers is exactly what the OP describes. It looks like it's a random control experiment where the only difference in outcomes is the effort of the successful sibling. So to claim that things are more difficult now (they are objectively worse due to exponential inflation needed to mask exponential deflationary tech) is attacking the creation myth in a Boomer's mind that is a foundation their self image. If they had to admit that luck had just as much to do with success as pulling yourself up by your bootstraps then their egos would not survive intact. Reminds me of the resistance to criticism of WWII. If you criticize the West's role then you are criticizing the creation myth of the empire. Instead of the dismissive "I did it so you can too" reply, how about just admitting that is sucks worse now but no one is coming to save you so may as well get to work. The advice is the same without the condescension and frail ego.

Lots of passionate posts from younger people claiming that “boomers” and the elderly in general somehow had it easier than the average young adults today. Here are a few facts from my life that some may find amusing. I slept in a unfinished, stereotypical old fashioned attic from the age of 8 to 18. One hanging light bulb with a switch at the bottom of the staircase. No heat and the entire two story house was without air conditioning. The attic had a window at each end, one of which gave me access to the nearly flat porch roof where I often slept to find relief from the oppressive heat, despite the risk of rolling off in my sleep. We had one t.v with three channels, ABC, CBS, NBC, courtesy of an antenna on the roof above my attic sanctuary. Around 1981 when I was a high school freshman we got cable. A analog box with 30 channels and it was life changing in how we spent our free time. We ate “out” perhaps 3 times a year and it was McDs or Burger Chef and the free toy was a treasure. One pair of cheap sneakers, $12 Converse’s for the new school year. Maybe a pair of wrangler jeans. We got underwear and socks as Christmas gifts. One hardline phone and long distance calls were strictly forbidden so you had to date locally or write letters longhand in cursive. 80 kids in my graduating class and probably 5 owned a car. We walked more in a week of summer than most people today walk all year. I could go on forever but I think I made my point clear. Everything changed at lightening speed and it wasn’t all for the better. That’s my kid brother in the overalls. About 15 years after this pic was taken he was tried and sentenced to life in prison for murder. I’m in the stripes and 30 years after the pic was taken I made my first million after completing my military service. 2 boys from one attic and 2 drastically different outcomes. Life is what you make it. Stop complaining and get to work.

There is a lot of work and capital expended doing that though. Plus, way back in GPU days we did use that strategy but also ran into the problem that many of these shitcoins have no liquidity. Our attempts to sell or trade them would move the market. Best to just stick with Bitcoin - we learned that a long time ago.

@denverbitcoin @boomer_btc @BitPaine Best time to mine a shitcoin is when the difficulty is low and the price is pumping. Then you dump it for bitcoin and hang up the boots after the difficulty catches up and that's why the BTC pair always collapses.

Who could have predicted this?

@AnalysisFeral Those were massive machines themselves at the time.

@boomer_btc Those xeroxing fees though... 😬

@MarkoTarman @denverbitcoin Thank you Marko. Yes, that is certainly a logical conclusion of how AI will play out. The past is prologue.

Bob, I am always learning new interesting things from you, thank you for sharing. What parallel I can draw from this is the AI costs. Right now we pay per hour prices for HPC as well. Most likely in the future MoE models will be good enough to run on a personal device and we won't feel a difference. Some models already run locally quite well.

@retardedpleb Since I mined the first BIP-110 signaling block I have stated that I will build on the heaviest chain (most economic force). Obviously I hope that is one that adopts BIP-110 but if not we will continue building without.

@boomer_btc Are you already prepared for August, when your node will fork off from the Bitcoin network?

@uaivito Phone calls after school. At school we passed notes around.

Pessoas que eram adolescentes antes das redes sociais existirem... como vocês se comunicavam com os amigos??

@JoshMandell6 @dotkrueger Maybe not but Dennis Rodman was probably partying with Satoshi back then.

@dotkrueger I was just a little kid, but I know that Bitcoin didn't exist in the 70s

When Bitcoin goes to 150K, many doubters will do "reverse pants shitting". "A sudden, violent realization that they should have bought in the 70s”