Until #Bitcoin I never really thought about energy consumed in terms of watts at the household level.
Technology keeps driving us to receiving ever more output with less energy input. Examples of this for me in the last 5-10 years
*Going from regular fan forced large oven to air fryer for small portions (A friend tells me he has also installed induction cooktops)
*Upgrading plasma tv to led tv
*Halogen lighting to led lighting
*Repurposing old solar panels to for running a shed and running Bitcoin node
*Refrigerator/Freezer upgrades
In the future;
Byproduct Bitcoin mining heat from older model ASICS for; *Space heaters
*Water heaters
*Clothes dryers
Every watt ($$$) saved outside of the #Bitcoin network is watts ($$$) than can be injected into the #Bitcoin network elsewhere. This is how the thinking has changed...
Around my way we already have stealth UBI, have for many years;
Rent assistance
Daycare allowance
Cost of living assistance
Energy assistance
People are conned into thinking the inflation rate currently is 3.5%
Or...the Microsoft building is close the the statue
He should of sold them and bought #Bitcoin
You must concede analogies help people with no prior understanding at all about public and private key cryptography...
User's Analogy from Reddit for Understanding UTXOs
"It's actually easy to understand if you make an analogy to physical wallet and cash.
Bitcoin wallet is like a your leather wallet, each compartment is an address except that Bitcoin wallet has very large number of compartments. And these are automatically managed so you don't have to remember them.
Each compartment can have multiple bills or coins, just like each address can have multiple UTXOs (unspent output aka note).
If you buy something worth $10 using $50 bill, you got $40 back as change which can go into same previous compartment or new one. For privacy reason, bitcoin wallet usually never reuse old address as change address (compartment) unless you specifically tell it to. That $40 goes into entirely new address and the process continue if you spend that $40.
If you put an address in block explorer you only watch a compartment not your entire wallet. A block explorer can't know all addresses belonging to same wallet."
#Bitcoin
#UTXO
I often chat to AI engines about Bitcoin, here are a few conclusions I have come to.
1. In a future where AI will accept payments on behalf of an entity or individual, they will prefer Bitcoin.
2. Gold will not be accepted as there is no way to connect this to the digital realm reliably (humans required)and requires trust.
3. Gold will be used if there is a major war and 2/3rds of the population is wiped out and there are no rails for bitcoin to operate. This is a pessimistic view of the future.
4. Bitcoin will be largely used if humans are to flourish and no major conflicts abound.
In the current geopolitical climate, who knows where we are headed?
#Bitcoin
#Gold
Certain things meaning breaking down every few months and having no real utility, then Yes
The Saylor tracker, providing transparent blueprints for all companies how on to do this.
#bitcoin
#thereisnosecondbest
PSA
If you're ever wondering why the bitcoin price in USD terms is not reflective of bullish market sentiment, and you also happen to keep your bitcoin with a custodian, (ETF, Exchange etc). Then maybe you should investigate holding your own keys.
As Jeff Booth always says, if humans can manipulate something, they WILL, NO EXCEPTION.
#Bitcoin
Bitcoin is akin to the core of a blackhole. The USD has passed the event horizon and is in a decaying orbit to bitcoin. As time progresses, the laps around the core become shorter and everything speeds up exponentially.
#Bitcoin
It's like a blackhole, the USD has passed the event horizon and is in a decaying orbit to bitcoin. As time progresses, the laps around the core become shorter and everything speeds up exponentially.
Good job btw. You allowed him to speak and didn’t keep interrupting like a few other interviewers out there.
Regarding developer funding: how do you think he answered? And or feels about it?
I must change my stance on it after listening to this interview. I use to think anyone can fund you and it should be ok as long as you decide to do the right thing. Now it seems to me as if he thinks big gov, big tech, big anything will always come back later and demand some “quid pro quo.” “Like diddy.”
So maybe he was trying to protect Matt Odell??? nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m did say “the devil is in the details.”
I actually think this was a great interview. I think Saylor really appreciates you Peter, and almost encouraged you to ask questions this time around.
He is the king of analogies, I believed him when he said, he had 3 kids but he was making a point of families vs companies
Make no mistake about it, the Ethereum ETF is a direct and spiteful attack on Bitcoin by the SEC.
The SEC have been disappointed from the beginning that they were backed into a corner and had to approve the bitcoin ETF, they even said as much. What better way to try to muddy the water then start approving shitcoin ETFs?
Fuck the bitcoin ETF, hold your own keys.
#bitcoin
In a digital realm, Bitcoin will have more utility, than gold will ever hope to have in the physical realm, e.g. jewellery, pcbs etc
#bitcoin
Energy can neither be created nor destroyed. Up till around 15 years it could only be stored temporarily before leakage at various speeds would occur.
Bitcoin is the only system that prevents leakage of energy over time.
#bitcoin
#energy
#energyconservation