Avatar
Camilo
2ce0697b430c164159503891dc192a30b7ad5bc3307e437fc268f0ab1ee3d3fc
🟠 Bitcoin 🌇 Special Jurisdictions Alephcitadel.com

"It is not death that a man should fear, but he should fear never beginning to live." -

Marcus Aurelius

Regarding when to quit your fiat job to go fully into your dream job.

#Bitcoin

#Permaculture

#Homesteading

Bitcoiners: those who believe that the totality of past, present, and future wealth of humankind is represented in the 2.1 quatrillion tokens of the network.

Question to Maller: how does he ethically justify taking KYC data from bitcoiners abroad by shilling a bitcoin product when in reality it only has the option of some StAbLe shitcoin in it?

How is it moral to shill this service by appealing to a bitcoin maximalist speech?

The importance of Bitcoin Pizza Day

----------------------------------

On May 2010 Bitcoin was an incipient network formed by nerds, geeks, computer sciences hobbyists and techie libertarians. At the moment the mining was done on home computers or notebooks using the CPU to convert electricity into a worthless digital novelty collectible toy that could only be used to play around with. Users were mining it as well as sending the token back and forth using the only software available that did both the mining and wallet implementation.

The token bitcoin had no market value. It wasn´t being sold, just produced. So the market had a lot of supply but virtually no demand for it. The user NewLibertyStandard calculated the cost of producing one Bitcoin taking into account his electricity bill. Doing so arrived at the conclusion that 1,000 BTC was worth around 1 USD.

The block reward was 50 BTC, and both the difficulty and the total hashing power of the network were very low (in comparison to present times). This staged a perfect scenario to grab most of the around 7,200 bitcoins that were mined daily to anyone with the proper skills and mining power.

In this context, Laszlo Hanyecz invested his time, knowledge and skills to develop the necessary software to optimize the mining of an almost worthless token. He invented GPU mining. With this technology, he heavily improved the mining efficiency, increased his personal hashing and obtained lots of coinbase fresh produced bitcoins. At first, being the only GPU miner he had an enormous advantage over every other miner/user of the network. It´s estimated that he reached a point where he controlled up to 80% of the total hashing power. This led to a major personal increase of his BTC holdings when he could have hoarded several tens or even hundreds of thousands of coins.

“I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy! I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. If you’re interested please let me know and we can work out a deal. Thanks, Laszlo” — Posted on the 17th of May of 2010-

On the 22nd of May, the proposal was accepted, the pizzas were paid with a credit card and enjoyed by the Hanyecz family making it to Bitcoin history books.

Bitcoin pizza day is not about the man who gave away millions of dollars for a couple of pizzas, it is about how almost no one accepted millions of dollars for the price of a couple of pizzas. Price discovery is a messy and never-ending process. Subjective value appreciation changes over time. Anyone is willing to pay 41 USD for 10,000 BTC or even for 0.0051 BTC nowadays, but just a handful of people accepted Laszlo proposal for the pizzas and it took them five days to make the trade of their lives.

Subjective value appreciation is heavily influenced by social appreciation (and network effect). Hanyecz had to do the trade publicly and go against Gresham´s law spending hard money over soft one in order to show everyone that the tokens held real value. After doing so he completed a major milestone in Bitcoin history. The token ceased to be just a worthless novelty to become something new, undefined yet but with real value. After all, you can at least use it to buy pizza.

With this story in mind, if you are a holder you may want to think twice before spending it, and if you yet don´t have any bitcoin, as Satoshi said: “it might make sense just to get some in case it catches on.” –

– originally publish on May the 22nd 2019 by @camilojdl –

This Saturday at 4pm we´ll have the first Free Cities meetup in Buenos Aires city will take place. 🇦🇷😀

See you all there! 👋

----------------------------------

Este sábado a las 4pm tendremos el primer encuentro de Ciudades Libres en CABA.

¡Nos vemos allí! 👋

--------

The first Free Cities meetup in Buenos Aires will take place next month. 🇦🇷

Join us on May 13 at Severina Sabores for conversation about Free Cities over artisan coffee. ☕️

📝 Sign up here: https://forms.gle/fjNzJ25tpyiBXbCU6

Hosted by

@CamiloJdL

.

I log on nostr from three different clients using same pk.

They are all COMPLETELY different experiences and content feed.

Weird but interesting.

Instead of logging again at a later time, apparently, I can have more nostr experiences just switching clients. Cool af. 😎

Weird knowledge. Nice.

Sometimes it fails.

Like with sharp unseen parts of objects.

Replying to Avatar 7fqx

Reflections of Evil - trailer (2002, Damon Packard)

https://www.youtube.com/watch?v=ZrYgtbWUs2U

I wish I could zap Damon Packard sats, one day maybe lol. If you're into weirdo gonzo -type cinema, you might like it. I believe his films are on Tubi for free (in the US or via vpn). He funds his films (and parking fines) partly by selling his dvds/blurays. You can also contact him if you can't find any film ..he is able to get hard/impossible to find movies, stuff not even on private torrent movie sites. Fuck knows how lol. And it all goes to funding his next movies (and associated parking fines).

Just thought I'd shout him out lol maybe someone cares ¯\_(ツ)_/¯ Maybe we can also fund Neil Breen's next movie too lol

#kino #kinostr #movies #moviestr

Someone could start a LN driven torrent for niche material.

Next month we'll have the first "Free Cities meet up" in Buenos Aires 🇦🇷

😀 Come to meet people with similar interests in Free Cities and Citadels.

📅 May 13th, 4pm at Severina Sabores, specialty coffee. ☕️🥐

https://maps.app.goo.gl/65spXhcJTqtTe2fk8

📝 Registration here: https://forms.gle/fjNzJ25tpyiBXbCU6

Hosts: Free Cities Foundation - Aleph Citadel