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I ardently desire to have Him as my Savior, Whom I am unable to withstand as my Judge.

You think they are going bird flu or bluebeam this year? Maybe both? It seems like they are running messaging testing. IMO bluebeam is riskier for them if it doesn’t take with >50% of the population, but unfortunately it probably will.

It seemed they sat him down after Tesla started buying. Not a word about after, same thing with the ADL, and his trip to the holocaust camps.

“Come, O Holy Spirit, fill the hearts and minds of thy faithful servants, and inflame them with the fire of thy divine love.”

https://m.primal.net/NCAh.mov

Enemies of the west have figured out a long time ago that there is a effectively a mental zero day exploit mainly in Godless white Europeans. Self-awareness, introspection, and the ability to self-assess against a moral standard. All you have to do is change the moral standard and you change their judge, then offer them atonement through your solution (mass migration, climate change etc), and they will fight for that solution (so as to be reconciled to their judge) until their civilization has collapsed. A good instinct misplaced and exploited.

https://nitter.poast.org/Inevitablewest/status/1865482111408353319#m

You know the whole thing about the church pandering to the youth. Well the youth is retarded, and they know that they are retarded. So when they see the church trying to pander and be “cool” they rightly call it retarded.

“Jesus immediately reached out his hand and took hold of him, saying to him, “O you of little faith, why did you doubt?””

‭‭Matthew‬ ‭14‬:‭31‬ ‭

Replying to Avatar Laser

#70AD

The Babylonian Talmud, a central text of Rabbinic Judaism, was developed in Babylonia after the destruction of the Second Temple in 70 AD. It consists of the Mishnah and the Gemara, with the latter being a detailed analysis of the Mishnah. The compilation process began with scholars like Abba Arika and was completed by Rav Ashi and Ravina II around the 6th century CE[1][3]. The Babylonian Talmud is more comprehensive than the Jerusalem Talmud and is written in Babylonian Aramaic[1].

Sources

[1] Talmud - Wikipedia https://en.wikipedia.org/wiki/Talmud

[2] Babylonian Talmud is More Detailed On The Birth Of Jesus Than ... https://www.ancient-origins.net/history-important-events/birth-jesus-0014637

[3] A way of life. Why is the Talmud important to Jews? https://www.jhi.pl/en/articles/a-way-of-life-why-is-the-talmud-important-to-jews,4785

[4] Rabbinic Jewish Period of Talmud Development (70-500 CE) https://www.jewishvirtuallibrary.org/rabbinic-jewish-period-of-talmud-development-70-500-ce

[5] After the Temple | Christian History Magazine https://christianhistoryinstitute.org/magazine/article/after-the-temple

Replying to Avatar vnprc

I just finished reading Bitcoin Mining Economics by Daniel Frumkin. It's a good read! My biggest takeaway is that large mining farms are the Ghost of Bitcoin Past. Convertible debt offerings to buy bitcoin are the Ghost of Bitcoin Present. Smaller, more distributed mining is the Ghost of Bitcoin Future. Here's why.

Large mining operations are simply not profitable to run on a bitcoin standard. They never have been. After you spend all the capital to buy machines, site hosting, cooling infrastructure, and power purchase agreements (PPAs) you start your business of accumulating bitcoin deep in the red. In order to reach net positive profits you have to dig out of this debt hole AND earn a profit on top of it.

But ASICs depreciate rapidly and network difficulty continually explodes upward so mining farms are working against a very significant headwind. They are racing to accumulate a bitcoin stockpile before their investment depreciates. Frumkin runs the numbers, it almost never works out in real terms. You pretty much always get to keep more bitcoin in the long run by simply buying and holding with that upfront capital.

So why are there so many large mining farms? Because of fiat debt financing models. If you can get someone else to loan you the dollars to build out a farm you can win in the long run thanks to Gresham's Law.

It's the same fiat game every intelligent investor with an appetite for risk is playing. Get as much fiat denominated debt at the best terms possible that you can service without defaulting. Use that money to accumulate assets that increase in value. Denominate your liabilities in a depreciating unit of account and transfer all your wealth into appreciating assets. This is how the Cantillionaires benefit from the money printer. It's a story older than bitcoin, but the strategy is turbocharged with bitcoin's unbelievably rapid price appreciation.

This model has worked for 10 years with mining farms because the big money was too stupid to just buy and hold bitcoin. They weren't comfortable with this risky new asset. They wanted to see a business model with cashflow, financial prospectus, and, most importantly, assets to hold as collateral.

That's all changing now. Saylor has upended the model. Now, even mining farms are skipping the mining part and jumping straight to the Saylor strategy. Today Riot, operator of the largest mining farm in the world, announced they are raising half a billion dollars. Are they investing in ASICs? More mining sites? Research and development? lol not a chance. They are buying bitcoin. The dumb money phase is over. Smart money wins from here on out.

What does this mean for the mining industry? I don't have a crystal ball but I think a good educated guess is that the largest bitcoin mining farms will stop getting larger. The business of paying for electricity solely to mine bitcoin is going away. Bitcoin mining will enter an era where the only profitable way to mine is to make use of it's positive externalities: exhaust heat, demand response, and stranded energy.

The future is putting an ASIC in every water heater and HVAC unit. ASICs in every windmill and solar panel. ASICs on every oil well flare stack. ASICs on every new nuclear plant, but only until demand ramps up and a higher paying customer displaces them.

The declining block subsidy will reinforce this trend. As mining becomes less profitable, only the miners who don't rely on mining profits will survive.

In a nutshell: decentralization is coming. I am so fucking here for it.

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Good points, adding to this. It depends on the degree that price appreciation out paces hash-rate growth. If we enter a super cycle while the fiat system is still intact, i think the current dynamic remains, although we would have more small miners, the % of overall hash rate would stay centralized in the medium term.