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boojiboy
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The promise given was a necessity of the past: the word broken is a necessity of the present.

Replying to Avatar Brad Mills

If Bitcoin is digital property and Bitcoiners are becoming autonomous/sovereign individuals, the historical analogy of being paid in Bitcoin for services lines up with pledging allegiance to a nobleman / Lord or Baron & getting a land grant as a fief.

Vassals would receive land grants as a reward for loyalty, but it wasn't that they owned the land, they could use it. The noble retained the rights to the property & could reclaim it on disloyalty or death.

Eventually the descendants of vassals could inherit the land but they would still have to pay homage & fealty to the lord/nobleman to keep it.

Vassals of a lord/baron were expected to do things such as accompany them on travel as an entourage, give them counsel on legal matters, fight with them in battle (or hire a mercenary) & let the lord & his servants use their accommodations when required.

With bitcoin lending & miniscript maturing, this could actually come to fruition a lot sooner than we think.

Imagine giving a fiefdom of 1 BTC to a vassal of your citadel where you are using a composable miniscript multisig setup that allows for your vassal to borrow against the BTC and "work his digital property" ... but the even of disloyalty (he doesn't pay back the loan) or death, the BTC comes back into your treasury.

For viceroys, castellans or other direct reports declare allegiance to your digital citadel, a blockchain property grant of X BTC could be created as a reward to demonstrate your trust & support, or if you want it to be earned it could take the form of a decaying multisig that decays to just a single sig or multisig that is in their control after X time of proving loyalty.

ah yes Bitcoin hirelings balancing out the party

Replying to Avatar Daniel Batten

Welcome to Finca Koki Costa Rica. (Nostr first story)

You’re looking at 60 Ha of bush clad land on the side of of the Poás volcano, a 1.1MW hydro facility and a bunch of sheds mining bitcoin. It’s about an hour up the road from where I live on a good traffic day.

It belongs to Eduardo Kopper and the land has been in the family for 5 generations, who I met last year.

Here’s the thing: Eduardo was about to lose this land because during covid in 2020 the State Owned Utility said “demand for electricity is down. We aren’t going to buy your power any more”

With a large mortgage debt on the hydro plant, a cash cow became a white elephant overnight.

He went to the bank to say “here are the keys to the property. I cannot finance the loan any more”

But at the same time his son-in-law asked if he’d considered bitcoin mining.

He was highly skeptical but tried it on a single miner. It worked (of course) so he scaled up. The bank loaned him the money to get the first 700 kW of bitcoin mining (provided he called it a “datacenter”) and now he earns more than enough to pay off the loan interest.

He’s made Finca Koki into an eco retreat. Parties of school kids come through. Executives do team building on the adventure and recreation facilities he’s built which include canoeing and zip lines.

He sponsors poor local kids to do camping and life skills building, which his teenage son facilitates.

All made possible because of bitcoin mining.

As we say in Costa Rica

“Bitcoin: El futuro del dinero!”

(Bitcoin: the future of money)

this is the kind of Bitcoin story that I love.

birdies gotta eat too

#birds

Replying to Avatar Marty Bent

No better way to start the year of recording than sitting down with my good friend nostr:nprofile1qqs8dzjwlrgdzltmgmmzg50l3jpr3hxv357hj03rjut5jsfm5ugtv9gn0vuws to discuss what lies ahead in 2025.

There’s too much debt, not enough dollars and at some point the hens are going to come home to roost in the form of a liquidity crisis.

https://www.youtube.com/watch?v=bA4-3YfGtw8

already listened. thanks again!

Replying to Avatar walker

So nostr:npub1hu3hdctm5nkzd8gslnyedfr5ddz3z547jqcl5j88g4fame2jd08qh6h8nh and I are both devouring the Mistborn saga by Brandon Sanderson (thank you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a for the rec)…

I started reading first and just started “The Hero of Ages” and she’s on “The Well of Ascension.”

But the problem is I don’t want to finish… know what I mean? Once you’re invested in a truly great piece of fiction, invested in the characters, you don’t want it to end.

But it must end. Anything that cannot go on forever must stop. All good things must come to an end. Etc etc

Anyway, I guess what I’m really saying is I wish there was a Mistborn video game…

#bookstr

loved Stormlight too for the first 3 books then never finished the 4th. may return to it someday. worth it either way.