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GigaBTC 🌽⚡️🔑
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#Bitcoin Miner. Sovereign Individual. Follow the white rabbit. Keep Nostr Weird.

I got into Bitcoin in September 2017. I thought I was late as I had dismissed it in 2013. Six years feels like sixty and the one thing I have learned above all else is that everyone underestimates it, including me.

We thought about living in a place like this for a long time before it became our reality. Feeling grateful. nostr:npub1vfczvt6dmyeq05jn7elr6g4l22q2gm43ujfr97dr03thcs0s6uwq7p0nnx

Thoughts become things. Choose wisely what you think about.

I was looking for parts and found a Boring Company flame thrower in storage at our corporate office. 🤣

22 years ago today, I was an entry level help desk worker for a hotel chain. I was alone in a storage room, adding asset tags to equipment when a co-worker told me a plane had struck the World Trade Center. I walked into a meeting room where employees had a TV and saw the second plane hit.

Today, I found myself on a plane, traveling for business and the memory of that day hit different.

Never forget the tragedy of that day and also never forget those that used it as an excuse to erode freedoms and justify wars.

#yomamasofiat she thinks the Federal Reserve is federal and has reserves.

Yo mama's so fiat, it took me two fed rate hikes and a recession to get to her good side.

And you still act like you're in freshman year.

So I did something I thought I would never do; I took a regular job and am no longer self employed. A strange feeling for me because I’ve worked for myself since 2008.

Why? Because the path I chose since 2017 mining #Bitcoin requires a lot of capital and I was spending most of my time developing sites and raising money. It gets frustrating trying to convince those with fiat resources that they should invest in mining.

Along the way I met the owner of a large multi-site landfill operation. The goal was to mine Bitcoin on the waste methane from the landfills. It took years and the impacts of Covid to orange pill him.

I am now the lead for all information technology in the organization and we are going to mine Bitcoin on the landfills. I don’t have to raise money because I have the budget.

I would have had a hard time returning to a “normal” job without Bitcoin mining being a part of my work. I am excited and also nervous about what the future holds. Thanks to all the plebs who helped and tried to help along the way.

Agreed and I will. Unfortunately many people will have no real options to opt out and many others won’t know that they should.

Replying to Avatar Bryan

A few thoughts on the run this morning:

1) We don't need blackrock.

2) Allow me to ramble and make no sense for a second:

I don't pretend to understand the "VC" world, but in many cases, if not all, the payout is on the sale of the venture to a bigger entity. Many of the #bitcoin startups are learning on the fly how to monetize a product built on top of FOSS.

This isn't a new problem, of course. Monetization and the need to pay our builders to ensure we recruit the best and brightest minds to the bitcoin ecosystem isn't easy.

Most of the builders are here because they believe in the mission, not a desire to make more fiat. Despite this, we need to continue to recruit the world's best.

Builders should consider, if they plan to sell, to pay out investors...who is the buyer?

For instance, if apple or microsoft wanted to get in the game, they could buy the entire mutiny team and product line, perhaps they could buy coinkite, etc.

I became worried about who the builders will sell to? Is it a team of people who care about the mission of bitcoin?

Its hard to blame people for taking the money when it would secure their family for generations.

***I only single out mutiny and coinkite b/c they are two of the teams/companys I am happy are in the space and building.***

Let us not lose site of the goal: open, permisionless, censorship resistant, decentralized money not issued by the state (or central authority who can debase the currency or use money as a system of control and surveillance).

3) Technologists sometimes view tech as "good" or "bad" based on how many features they can pack into a product. But it is okay for money to be boring. Sometimes, the end product doesn't reflect the mission or goal of the development team.

4) Thanks to all of the people who are building on bitcoin. I am in your debt.

I think it depends on timing. I have been a co-founder of a startup and stayed until we listed. Had it been a #Bitcoin focused startup, the timeline for the “exit” could have been longer. In Fiat land, it’s typically 3-5 years to list, get acquired, etc.

With Bitcoin, if you are committed to the mission and over time the fiat value is going up, you can sell enough to cover your expenses and keep building.

I am hopeful that we have enough true believers who will keep building until the fiat value hits the point of no return. Once hyperbitcoinization happens, it won’t matter if they will be tempted by a Lamborghini or whatever, because they will be able to have that without selling the company.