Just partook as a witness to a bet between #[0] and Parker Lewis.
Terms of the bet:
Parker Lewis will have an npub by block height 1,050,000.
Parker: No
Odell: Yes
Payout: 1,000,000 sats
Embrace the prolonged bear market. It will be remembered as one of the greatest opportunities to convert your fiat to bitcoin that has ever existed.
Did the US bank that received the $5m bribe Burisma sent Biden have proper KYC/AML compliance in place?
Crypto funds should pivot to AI. We’ll be staying bitcoin-only at Ten31.
On the other side of this hill multi-institution multisig will be the standard.
Your expectation should be that the government is going to play the dirtiest game you can imagine when it comes to bitcoin.
If you're not willing to defend the ability to access the bitcoin network because it may make the government mad, you are a feckless coward who should give up and internalize the fact that you are a good slave.
It’s sad how cucked many Americans have become in 2023 and how scared many are of their own government.
If you find a better money and you want to use it, use it. You’re supposed to be a free man and the government is supposed to bend to your will.
Bitcoin is helping energy systems in more ways than one.
Bitcoin miners can make energy producers more efficient from a consumption standpoint, but settling payments over lightning is helping too.
The Synota team joins the show to explain how.
The phrase "building in the bear market" is a bit cliche, but it's true. This bear market will be remembered as the bear market in which the bitcoin mining industry reached a critical maturation point and began embedding itself within the energy sector in earnest.
While crypto exchanges are getting served complaints by the SEC, bitcoin-only companies are thriving and making serious inroads with critical sectors of the economy to further embed the network in our everyday lives.
On Friday Balaji predicted chaotic real estate seizures in the form of forcing people to house homeless people with their extra rooms. Earlier today the Mayor of NYC publicly pushed for this exact policy.
Things are accelerating quickly.
Doomer energy incites a negative feedback loop.
I’m guilty of it sometimes.
The tools to make the world a better place are at our fingertips and many people are using them effectively. Things may seem bad but they will get better.
We’re going to win.
A great way to create a strong local community is to have Sunday dinners.
We host Sunday dinners at our house with an open invite to our friends and family and it’s always the highlight of the week.
The Fiat Crisis is upon us and it's important that you understand the dynamics that have led us to this point over the course of decades.
Balaji joins the show to explain how the US has become so divided, bankrupt and geopolitically isolated in 2023.
https://tftc.io/tftc-podcast/425-the-fiat-crisis-with-balaji-srivian/
The debt has no ceiling.
The case of Roman Sterlingov and his alleged involvement with Bitcoin Fog is a very scary one. It involves a revolving door between the Justice Department, the FBI, the IRS and @chainalysis and insidiously perverse incentives.
Joost Jager's proposal for doing bitcoin transaction package relaying over Nostr is a use case that highlights that Nostr is far from being a protocol for Twitter and Substack clones.
https://tftc.io/martys-bent/issue-1347-bitcoin-transaction-relay-over-nostr-gaining-some-attention/
I posted about our on-grid strategy at Standard Bitcoin.
Now let's talk about our off-grid strategy, which aims to tackle the stranded well problem in Appalachia with bitcoin mining data centers and generators produced by Upstream Data.
Appalachia is filled with shallow oil basins that were drilled years ago. At the time, it only made sense to extract and transport the oil out of the area. There were very few nat gas pipelines built to bring the associated gas to market because it wasn't economically viable.
This has created a massive stranded well issue. When the oil wells went dry producers capped the associated gas wells and left them behind with the land owners. A lot of these wells are poorly maintained, degrading, and sometimes leaking methane into the air.
The only profitable solution to this problem is bitcoin mining because bitcoin mining is location agnostic. Meaning that miners are willing to show up to the well to monetize the gas on site. Nothing else makes much economic sense.
Our ability to leverage this gas to mine bitcoin has some positive knock-on effects; it ensures the wells are properly maintained, prevents methane leak, and turns a stranded asset into the hardest money on the planet. Turning waste into bitcoin is a boon for economic prosperity.
Beyond this, we are exploring ways to make sure the land owners benefit from allowing us to come on their property to monetize the gas. Aligning incentives to help them become more economically secure.
In the long-run we believe this alignment will strengthen rural America economically and breathe life back into a part of the country that has been cast aside by the coastal elites. Strong rural economies are desperately needed if we're going to right the ship in the US.
I should caveat this with the fact that not every stranded well is equal. We may not be able to save all of them, but we can certainly make a material dent to begin turning waste into prosperity for those who desperately need it.
Another caveat, stranded wells are just one subset of abandoned wells that are scattered throughout the country. There are ~120,000 orphaned wells out there. These are wells with no current owner or maintainer. This is another problem that bitcoin miners can help solve.
There are many problems to solve before we perfect our off-grid model at Standard. Many of them have to do with logistics. However, they are very solvable problems at the end of the day and we plan to work our hardest to tackle them.
We're very passionate about what we're doing because we believe deeply that the work we are doing both on-grid and off-grid to turn wasted resources into sats is going to have many compounding positive effects on the areas we operate in.
Bitcoin is a powerful tool that is revitalizing neglected areas of the US. Most do not see it yet, but they will in time. We plan to highlight the benefits of bitcoin mining on energy systems through our work as we stack some sats along the way.
We're going to win.
Bitcoin is in its boring phase and that is okay. That doesn't mean that there aren't things that can get people excited and embed bitcoin into the fabric of our society slowly but surely.