Bitstorian

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Bitstorian

Bitstorian

@bitstorian

The OG Bitstorian. History PhD. A professor @Binghamtonu. Editor @bitcoinbooksrev Past Senior Fellow @BTCpolicyorg. Scholar @FulbrightPrgrm Grad @BTCstartuplab

Bitcoin Katılım Ocak 2024
802 Takip Edilen672 Takipçiler
Bitstorian
Bitstorian@bitstorian·
1993 - "Cryptography will ineluctably spread over the whole globe, and with it the anonymous transactions systems that it makes possible."-E.H. --Happy Cypherpunks Day everyone :)
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m0ntan1
m0ntan1@RickThomasII·
A complex problem in two charts, Yes, Foundry is a worrisome percentage of miners. Chinese concentration is more worrisome, especially with American Pubco miners flipping to AI so hard. I have no idea if Chinese miners are doing the same. Worth investigation. Data: Mempool (Last 30 Days) Animations: Claude 🦞 Graphics: Leonardo 🎨 Music by m0ntan1: SUNO 🎵
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Ord.io
Ord.io@ord_io·
BREAKING: Parasite Pool (built by @OrdinalMaxiBiz) just reached 185 PH/s which is enough energy to power 5,000 homes 🤯
Ord.io tweet media
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Margot Paez
Margot Paez@jyn_urso·
My PhD defense is scheduled for April 20 @ 1pm ET. More details to come. I will be talking bitcoin mining.
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Bitstorian
Bitstorian@bitstorian·
Past is not real. History is. Money is not real. Power is.
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Bitstorian
Bitstorian@bitstorian·
@LukeDashjr If so, then isn't Core the Catholicism and Knots the Protestantism? And, wouldn't those "reformation nodes" not be the true temple? (I'm a scholar theology and a prof of Religious Studies also teaching Bitcoin, so, again, purely just intellectual curiosity here.)
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Luke Dashjr
Luke Dashjr@LukeDashjr·
@bitstorian The "temple that made the gold sacred" are the full nodes, which spam and CSAM aims to deface.
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Bitstorian
Bitstorian@bitstorian·
re: #BIP110 @LukeDashjr et al., I ask as Jesus asks in Matthew 23 : "which is greater, the gold or the temple that made the gold sacred?"
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Bitstorian
Bitstorian@bitstorian·
@jack @blocks Classic Machiavelli move straight from The Prince: people will forget one major cut.
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jack
jack@jack·
we're making @blocks smaller today. here's my note to the company. #### today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone. first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay. we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly. i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures. a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers. we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold. to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward. to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow. jack
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Bitstorian
Bitstorian@bitstorian·
Hashrate heating (and cooling) ushers in a new historical reality: economic heating and financially (instead of morally) incentivized reasons to learn, care about and adopt energy reuse and clean, renewable production. Fix your world, fix the world.
Marty Bent@MartyBent

The mETH heads are calling for the death of PoW again. This time saying that AI compute is going to take all of the power. It's astonishing that we've been having this debate for 10+ years and people like Jacob still don't understand the basics of bitcoin mining economic and the incentives at play. AI take all of the bitcoin mining power off the grid - this won't happen due to bitcoin's disruptible load profile which AI can't replicate - and bitcoin hashrate will still continue to rise. Miners will simply go off-grid where AI can't compete. There is so much stranded energy with no grid connection that there are plenty of homes for miners to land. I have miners running off-grid right now and the all in costs is somewhere between $0.015-$0.02/kWh and profitable with older gen machines. AI data centers won't be in every locality. Those localities that can't attract AI datacenters for whatever reason will turn to bitcoin mining to optimize revenue and utilization. On top of all of this, we're approaching the point of ASIC commodification will enable ASIC chips to be embedded in household consumer hardware like water heaters to heat things in a more economically efficient way. @tylerkstevens ran the numbers a couple of years ago and found that US water heating alone is something like 4 ZH/s worth of potential mining Hashrate at average miner efficiencies. Don't fall for this low effort and uniformed FUD from a cast of characters who have been screeching about bitcoin's PoW for over a decade while calling for Ethereum to flippen bitcoin. Clowns.

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Bitstorian
Bitstorian@bitstorian·
@GovKathyHochul spent $32m in taxpayer funds to renovate an airport, BGM (Binghamton), that literally flies nowhere: it is an empty airport with no flights. And people wonder why we Bitcoin: we the people, and we alone, should control our money. Who would willingly give up their money to fund such a project?
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sys
sys@ordizoohh·
Experimenting with UTXO inscriptions starting from the last satoshi of the output. The idea: to avoid any splitting of the UTXO → if it's split, the inscription is lost (the data is corrupted). If it works, it would open the door to a new frontier...
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Bitstorian
Bitstorian@bitstorian·
@TimDraper Yes, and I’d heat the habitats with clean, electric Bitcoin miners powered by solar energy and gravitational dissonance, producing BTC, a money made by electricity and built for space exploration and habitation.
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Tim Draper
Tim Draper@TimDraper·
One of our portfolio companies just partnered to build habitats on the Moon and Mars. 🌕 🚀 Voyager Technologies teamed up with Max Space to build expandable habitats. It’s actual infrastructure for people to live and work in deep space. Not hotels/space-tourism, but habitats for people to live and work in. The best way to describe it is vacuum-sealed pillows that launch compact and inflate after deployment. The modules launch together in a single mission, with no ISS-style assembly required. They’re high-volume but relatively low-mass, built on 40 years of on-orbit experience. Ground validation is starting now with planned in-space demos later this decade. Dylan Taylor (Voyager CEO) said: "The Moon is no longer a flags-and-footprints exercise. It is the next operational domain in a growing space economy." Translation... We're moving from exploration to operations. So the only logical question is... Would you sign up to live on the Moon and Mars? businesswire.com/news/home/2026…
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