I've had a node going running for awhile. Umbrel and start 9. And both offer all kinds of other services to run on "you're personal server " but I never found many of them useful, and often hard to set up. (Alot more so on Umbrel, less documentation) I've been learning how to use Linux with the help of chatGPT for some time now too, and just went through a course in cyber security on cybrary. I've built a cheap server with eBay parts. It's running Linux, and UmbrelOS. I'm finding thay most almost all the apps offered on Umbrel are easy to set up directly on the Linux "server" rather then via UmbrelOS..... just sharing my thoughts I guess...
How did you get earlier access to Scientific American? That article is dated 4 days from now.
Why go up forever?
(I cheated in this one. I was struggling putting conceptual understandings into concise statements, so I used chatGPT. So, totally fair if you want to harange me for not being able to defend my arguments....🤷‍♂️)
From an economic standpoint, Bitcoin's potential for perpetual price appreciation can be attributed to fundamental principles of supply and demand, coupled with the network effect. Bitcoin's supply is capped at 21 million, creating a scarcity dynamic. As more individuals and institutions adopt Bitcoin, demand increases. Scarcity coupled with rising demand generally leads to price appreciation.
Furthermore, the network effect amplifies this dynamic. As the number of Bitcoin users grows, the utility and value of the network increase exponentially, attracting even more users and, consequently, more demand. This self-reinforcing loop has the potential to sustain long-term price growth, especially as Bitcoin continues to penetrate global financial markets and challenge traditional stores of value. Therefore, theoretically, Bitcoin's price could ascend indefinitely as long as these dynamics persist.
the energy dynamics of Bitcoin mining add another layer of complexity and potential for long-term value appreciation. The Proof-of-Work mechanism, which secures the Bitcoin network, requires miners to expend energy to validate
transactions and create new blocks. This energy expenditure effectively "backs" each Bitcoin, imbuing it with a tangible form of value akin to the labor and capital invested in extracting precious metals like gold.
The energy cost sets a kind of "floor" for the value of Bitcoin; as long as people are willing to expend energy to mine it, it will have intrinsic value. Moreover, as the network grows and more energy is expended, the security and robustness of the network increase, making it even more attractive to potential users and investors. This, in turn, feeds back into the supply and demand and network effect dynamics, creating a multifaceted system that could theoretically drive Bitcoin's value upward indefinitely.
The consumed energy, of course has already been consumed. The supply that is aimed at that source of consumption is what can be redirected. This is supply that would otherwise be curtailed in one way or another. Rather then curtailing or ramping the supply, you throttle down the mining. There is no other industrial scale consumer of electricity that can be throttled up and down or completely shut off that quickly. You can’t just shut down a data center full of servers, or take cloud storage offline at moment’s notice.
Yes the bitcoin minted by the data center belongs to the data center, but some must be distributed to cover the coast of electricity. And so long as the data center is paying the bill, what does the producer care? They never need to interact with the bitcoin.
We know definitively, that the fiat dollar will buy less in five years, by definition as an inflationary currency. We know that for the entirety of its history, that there are no 2 points on a bitcoin price chart in which it has bought less five years later. Granted it has a short history; In which it has out competed that vast majority of other currencies in the world.
Why will it continue to go up in trade value vs real goods?(I’ll give that one it’s own separate answer, its kind of a big one.) As long as bitcoin continues to be useful and people want to use it. But why can’t any other cryptocurrency duplicate what bitcoin can offer? Firstly the security of the network. The network has more compute power than any other network in the world, more then all the supercomputers, or anything else, by orders of magnitude. You absolutely can not recreate that, on any realistic time frame, or port that over to another network. Same with the nodes, it is genuinely globally decentralized, and you can’t just port those nodes over to another network.
Is that so absurd that you don't even find it worth responding to?
With all this hubbub from a small group of dbags, about regulation for AI. Isn't it already too late, with all the open source options already out there?
On this side of things we certainly agree. Grain finishing has a minimal, if any affect on the nutrition profile. Depending on the grain of course. The closer the grain is to it's natural state, the better..... Is my understanding on the matter.
I don't think that's an apt comparison.
The energy "backing" bitcoin is energy thay is immediately redirectable. There's objective of proof this in practice today.
Using mining as a "variable load" to increase reserve capacity for any given grid, again objectively provably happened today. Increase the available energy capacity at any give time. Leading to more stable grids. This also provides a tool that allows for what was previously cost prohibitive grid expansion.
This solves a problem that has existed since energy grids have existed. Nothing has solved this, to this extent before Bitcoin.
So is Bitcoin "backed" by energy, that's kind of subjective I'll give you that. But the real world, symbolic relationships between Bitcoin mining and energy production is not.
So I guess I don't understand this. I paid for nate@nostrplebs but I can go into edit profile and change the prefix to @nostrplebs?
What about energy? Bitcoin is backed by the the ability to produce the energy need to mine a block, and or the ability to procure that energy. Why is that meaningless?
Does any else use please, thank you, and other generally courtesy practices with chatGPT.... just incase it "wakes up" one day.......no no no, I totally understand what an llm is...
Announcement!!!! We have an Announcement to make...
Heyoh nostr!
I've got a vision I'm trying to bring to life; and so far the solo attempt has been, less then fruitful. I work for an asset protection company, and a large portion of our clientele is pretty much a who's who of energy producers—Shell, Chevron, ConocoPhillips, Invenergy, NextEra, you name it. To put it simply, we solve problems for them, and there's a big problem that most energy producers have that Bitcoin solves. You guys already know all about that
I want to bring the company I work for into that same fold.
Here's where I hit a wall—I get the big picture, but I don't know details. For instance, how do you actually "plug in" a container full of mining rigs to a wind or solar farm? What's the step-by-step to get that power flowing into the rigs? I've got a ton more questions, but let's start with that.
I'm just a little pleb with a big vision, trying to orange-pill an entire corporation. I've given it a shot on my own, and I'm stuck in the mud. Is Anyone out there who's building these projects right now, who can talk me through the processes of dropping a rig on a wind, or solar, or hydro operation?
What happens if the entire core dev team spontaneously combusts?
Someone point me in the right direction!? I've taken a small data set of .PDF and .txt I've converted to .JSONL, tokiemized, lowercased and removed stop words. Generated ngrams, and calculated tf-idf scores
Yet GPT4all cannot put accurate information out of the directory🤷‍♂️🤦🤷‍♂️🤦
I am, not a technically savvy, I'm working on it. But getting on nostr was hard for me. I'm using chatGPT constantly to walk through technical things. But the process is slowl going. I pretty much can't run a VPN ever anymore. Because I can't access anything through one. ClamAV was a hell of a challenge to get running with GPT's help. Any advice for me, and probably many others in my camp?
Where the hell is "there is no second best" interview
I'm 36 today, I'll zap 36 sats to the first 36 people to do 36 burpees, 36 squats, and sprint 36meters