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BTC401k
455867efe696c669ef008923c9440eaf9b375a1bce174b94e81ce4cd6cc25026
Upstate NY’r.

The next bull market is going to be quite interesting. The on-ramps are becoming plentiful for all. I’ll have no problem selling the shitcoins, the mining stocks, GBTC, exchange stocks; but going to be painful parting with any BTC.

Great work! I bought that RIOT dip so I am ready for BTC to wreck the bears!! 🚀

Ready after RIOT goes sub $14, so I can buy back what I sold at $20. Lol

I was on my local Reddit this morning, people complaining about National Grid power prices in NY. Someone chimes in and one of the blames they listed was Bitcoin and mining. Had to bite my tongue not to comment. I know engaging in that conversation was pointless.

Replying to Avatar Daniel Batten

Just in: The moral basis for the NY Bitcoin Mining ban was a fraud

tl;dr: No Bitcoin mining operation has ever revived a fossil fuel plant.

Here's the context, the story and the evidence below

Rule #1 psy-ops: "Find a scapegoat and create moral outrage around it"

Rule #2 "If you cannot find a scapegoat, invent one"

Rule#2 is what the advocates of the NY Bitcoin mining ban used

The scapegoat was of course Greenidge Energy. You know, that Bitcoin mining company that was responsible for bringing a disused fossil fuel plant back online to mine Bitcoin?

Except that the story was sexed up. There were no WMDs. Greenidge did not bring back a gasplant for the purpose of mining Bitcoin. They brought it back for the purpose of selling that power to the grid.

Recently I did a bit of investigation into Greenidge, since (no one in NY Times seemed to be), and here's what I found, with the evidence in the filings below.

1. Greenidge bought the then inactive power facility and spent tens of millions of dollars to permanently end the ability to use the plant for coal fired operations before converting the facility to natural gas operations.

2. Greenidge brought the now natural gas facility to the wholesale energy market in 2017 as a merchant power provider, under newly issued air and water permits. There was no Bitcoin just a natural gas power plant when Greenidge restarted operations.

3. Two years later, in 2019, Greenidge began a small Bitcoin mining pilot of approximately 1 megawatt (“MW”) while continuing to send power to the local energy grid as well.

4. The Bitcoin operation began to expand in 2021, eventually reaching the level it is at now, but throughout the entire time and to this day, the Greenidge power plant provides power to the local electrical grid every minute it operates, which is mandated by its agreement with the local grid operator. In fact, in 2022 Greendige sent more energy to the local grid than it did when it was just a power plant only, without Bitcoin mining operations.

Conclusion: Greenidge came online to supply additional power to the grid, not to mine Bitcoin. 2 years, later it opened a small Bitcoin mining operation that grew in size over the next 2 years.

What this means is that the claim of critics "Bitcoin mining revives old fossil fuel plants" is false. There have been no fossil fuel plant brought back online for the purpose of mining Bitcoin. This is yet another piece of misinformation used by Bitcoin critics, which is unsupported by data.

You can see this evolution in the S-1 form with the SEC, below, which provides a detailed look on when and how the operation grew.

https://www.sec.gov/Archives/edgar/data/1844971/000119312521332868/d253482ds1.htm

Additionally, you can see Greenidge's initial press release announcing its exploration into bitcoin mining dated March 5, 2020 here

https://greenidge.com/greenidge-generation-announces-successful-start-of-operations-at-state-of-the-art-data-center-for-digital-currencies/

Wonderful research and story.

What ever happened with orange piling your friends you haven’t seen in years? Did they ask about shitcoins you like and miss the whole point that BTC is the only right answer. Lol.

He’s either a genius or degenerate gambler. Maybe a little of both. Lol

Haha!! Nice. I owned that shitcoin too at some point and traded it for BTC. I might still have some in the Lobstr wallet.

It took me awhile to realize they are all shitcoins, but have to thank Ripple for my last two down payments on cars. Lol

Hope so, I own a little COIN myself. Even though I’m not a fan of Coinbase. But figured once the bull market really kicks in and trading volumes go up, COIN will be an easy money maker.

Upstate NY. Besides the taxes and politics, a very beautiful state.

I know this is true because my day trading friend sold off a bunch of stuff today 😂. Let’s go and let him chase it 🚀

Replying to Avatar jimmysong

Oh, self-esteem, what a sham you are!

The concept seems simple enough. Think highly of yourself, and you'll feel fantastic! But wait, when you have low self-esteem, you feel terrible. So, it must be that thinking highly of yourself is the key to happiness! But hold on, because this logic is just plain absurd. Yet, we've been bombarded with this pop-psych gibberish for over 50 years, so it's no wonder people have bought into it.

Here's the truth: if you're feeling crummy about yourself, it's probably because your conscience is giving you a reality check. You've messed up, and deep down, you know you don't deserve to feel all warm and fuzzy.

But the self-esteem fanatics insist: cut yourself some slack, relax, forgive yourself. What a crock!

When you've done something wrong, pretending you're a saint won't fix anything. In fact, it'll just make everything worse. You'll end up suppressing your conscience, and that requires some heavy-duty anesthesia. You'll find yourself drowning that pesky inner voice with addictions, anything from hard drugs to workaholism. But the truth remains: you can't ignore that voice forever.

So, let's call self-esteem what it really is: self-delusion. You should feel good about yourself when you are, in fact, a good person. And you become a good person through good deeds. Someone scamming others shouldn't be strutting around like they're on top of the world.

So, let's kick the self-esteem charade to the curb and embrace a new mantra: actions speak louder than words. Forget about coddling yourself with empty platitudes, and focus on being the best version of yourself through meaningful actions. Strive for character, virtue, and self-reflection built on a foundation of doing, not feeling. Say goodbye to the self-esteem hoax and say hello to a life built on real accomplishments.

Your conscience will thank you.

I found that people that come across with very high self esteem/confidence are usually the most fragile under the hood.

Wonder how many people on Nostr have pronouns 🤔. I’m guessing <1%