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.
I’ve got a a BTC t-shirt I bought that says I told you so. Was going to wear it at $100k when I saw my buddy that is a big BTC bear. I’m waiting patiently to break the shirt out. Lol.
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.
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
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
Trying a #zapvertising experiment today by hosting a mini #zapathon for #AnotherFuckingBitcoinPodcast
I will #zap 696 sats to everyone who subscribes to THE #Bitcoin Podcast and quotes this note adding the link to the podcast (or a particular episode you like) on their preferred streaming platform (where they just subscribed, e.g. Apple Podcasts).
Here are the links to subscribe (you don’t have to prove you subscribed — I believe Nostriches are a fairly honest bunch 🫂):
Website: https://bitcoinpodcast.net
Fountain: https://fountain.fm/show/68gcLZFDRxOzgGeZmXq6
Apple: https://podcasts.apple.com/us/podcast/bitcoin-podcast/id1694392423
Spotify: https://open.spotify.com/show/0f4Ke6gRTiLij0455nQjPH?si=4Z_xoHc3QV-2ZXxbK1Z20Q
Google: https://podcasts.google.com/feed/aHR0cHM6Ly9tZWRpYS5yc3MuY29tL2JpdGNvaW5wb2RjYXN0L2ZlZWQueG1s
Amazon: https://music.amazon.com/podcasts/85a8b227-678c-427a-affd-f94459227191/bitcoin-podcast
iHeartRadio: https://www.iheart.com/podcast/269-bitcoin-podcast-118178017/
RSS: https://rss.com/podcasts/bitcoinpodcast/
YouTube: https://youtube.com/@WalkerAmerica
Followed on Amazon Music 👍🏻
Agree. For degenerate gambling, trade in and out of BTC mining stocks. That’s how I scratch my trading itch. 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
I’ve still got shitcoins from 2017 I need to figure out how to get rid of from Binance and other exchanges. 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 🚀




