A guy at work who I know understands sound money to the extent that he has acquired some metals, and has shown an interest in learning more about Bitcoin sent me an invite code today because he’s all excited about Pi coin mining on his phone. 🤦🏽‍♂️

He had his whole identity stolen less than a year ago. Because I actually care about the guy, here’s what I replied:

“I can’t get into this because it’s not open source, its not on a public ledger, it’s not decentralized, it’s not based on a proof of work mining model and I can’t find any verifiable info about the issuance schedule or whether a bunch of it was pre-mined by the developers prior to launch. The charts don’t even have a supply cap or circulating supply number available.

Bitcoin has a 16 year head start on any of these new crypto projects, is secured by a proof of work network with 99.9% uptime, has serious institutional, corporate and nation state adoption, and is secured on an open ledger with an issuance schedule and supply cap verifiable by anyone with a computer.

Mining some Pi on your phone might be harmless but I’d think twice about parting with any real money purchasing it on an exchange now that it has gone live.

It looks like thousands of other pump and dump rug pulls waiting to happen, unless they open up the ledger and the source code to scrutiny.

You can’t convert Pi to cash without supplying a bunch of KYC info to the devs. It’s going to be a huge honeypot of customers’ KYC, device and contact info for hackers. Careful who you give your info to. “

To which he replied “K thanks.”

Buster the cat followed us on our walk today. He kinda looks like a lion in the woods. #catstr #Bustr #countrylife #hiking #nature

I know a few that would use this

Sweeeettt shorts! 🩳

GM nostr. It's seven o'clock.

Do you know where your freedom is?

#twinpeaks #lynch

The mrs is away so i packed his lunch today. How did i do

They learned that it took roughly 48 ounces of snow but they learned that it also depends on how hot the burner is because the first couple were boiling off the water faster than it was melting… but it is also more packed snow because we didn’t get fresh snow last night too

Buckskin knickers coming up next. This is the first attempt. So far so good. More updates coming this week. #buckskin #hunting #homesteading #grownostr

Excited to come home later and catch up on some reading!

#F🍁ckTrudeau #StackSats #FightForFreedom! #TheBitlineEffect #TheBigPrint

I have a “wedge mix” I keep on planting I am not as scientific as yourself

I amgllcized it hard, merveille Des quatre saisons?

red 4 seasons?

looks amazing

morning, are you well into seed starting already?

gm dear friends & people I just don't know yet

GM to all who celebrate 🎉

Eager to show this day who’s boss!

Morning Nostriches

Got the other half of the file from hell waiting on me at work & I didn’t sleep so hot so that’s a bonus. On the bright side it’s 3 degrees out which means my snow isn’t going anywhere & I get more days to just stare at the beauty of nature

#coffeechain