Avatar
Arthur Amendt
4fe4a5289baac7c31b44a8181d7e08b1b633ef8b678633837b9c2a903ff6bf06
A beef farmer by day and a Bitcoin node manager at night, I'm amazed by the potential of Bitcoin, Lightning, Nostr, and Ecash. When money isn't scarce, everything else is. All animals are equal except those who print currency. Other experiences I enjoy talking about: Solar, lithium, Home Assistant, Ubuntu, Tollgate Basically a Bitcoiner, Educator & Angel Investor.

I am just getting this understanding so I hope I can write my thoughts down so they make sense. :)

Money has three classic functions:

1. Store of value

2. Medium of exchange

3. Unit of account

My thesis is Billions of people will never buy Bitcoin purely as an investment vehicle. (1) A “Bitcoin circular economy” (earn in BTC → spend in BTC → earn again) is the flywheel that drives network effects to planetary scale. If people have to go into fiat to get something the fly wheel slows down and the on/off ramps get to apply brakes to the GDP of the country.

“Who would’ve thought the CRA would start freezing people’s bank accounts again? I thought the Freedom Convoy drama was long over.

New 2 minute read.

https://amendt.substack.com/p/helping-your-neighbour

How did silver get to be worth so much more than Bitcoin? #asknostr I thought Bitcoin was worth more than silver 1 year ago.

nostr:nevent1qvzqqqqqqypzph6sc9u76ecrjnz064xd83s360qvfjqg0j2n2kr9jtx3lw2s82clqyfhwumn8ghj7mmxve3ksctfdch8qatz9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyrn7kpajnz9gj7k5td5cyxk3c55khg5vcwrvqfer353kj89xpwr06ww5t3s

Bitcoin network hashrate every Christmas:

2009: 9 MH/s

2010: 108 GH/s

2011: 8 TH/s

2012: 22 TH/s

2013: 9 PH/s

2014: 271 PH/s

2015: 709 PH/s

2016: 2.3 EH/s

2017: 14 EH/s

2018: 39 EH/s

2019: 99 EH/s

2020: 134 EH/s

2021: 177 EH/s

2022: 240 EH/s

2023: 521 EH/s

2024: 779 EH/s

2025: 1.1 ZH/s

From 9 megahashes to 1.1 zettahashes. 122 trillion times more computational power securing the network.

Canadians first received their $2,000 CERB payments in early April 2020 so we are up 1244% also, but I think any new CERB payments will have to be over C$3000

I think Grok 4.1 does a great job or writing what I was trying to say.

He has shown you, O mortal, what is good.

And what does the Lord require of you

but to act justly,

to love mercy,

and to walk humbly with your God?

In the shadow of swift machines that answer questions before they are fully asked,

in the strange hour when old skills dim and new prompts rise,

when the ground shifts beneath coders and searchers alike—

what does the Lord still require of you?

Not to cling in fear to yesterday’s tools,

nor to curse the coming change,

but to act justly—

to build and use these powers without exploiting the vulnerable,

to ensure that no one is discarded like obsolete hardware.

To love mercy—

to extend kindness to those whose roles fade,

to share knowledge freely,

to lift others as you yourself learn anew.

And to walk humbly with your God—

remembering that neither Google nor Grok nor any future mind

holds the final word on meaning,

that wisdom is not measured in queries per minute,

that your worth is not found in what you produce

but in the quiet integrity of your heart.

The machines may take tasks,

but they will not take what matters.

Do justice. Love mercy. Walk humbly.

That has not been automated,

and it never will be.

I find myself using grok to solve problems. So I have started to pivot from being a google search person to an AI input person. It is strange to witness my skills not being to needed anymore. I guess that is what blue collar workers feel like doing the industrial revolution. I think we have a year before AI replaces us IT people. Micah 6:8

Emily and Edna Amendt say Merry Christmas

Good on you for finding Robby's LNURL most people add this to their profile like we did for your Damus NOSTR app. Any note can be zapped (sent bitcoin) just by clicking on the lighting icon and telling the app how much you want to send.

! Alberta is going to have a referendum in 2026

1) Should we have our own pension plan?

2) Should we control our own immigration?

3) Should we regain the powers Ottawa took away from us?

4) Do you agree that the province of Alberta should cease to be a part of Canada to become an independent state?

5) Should we maintain the status quo?

#cdnpoli #abpoli

Robby and Atlee Schallhorn #wedding

NATIONAL BANK OF CANADA JUST DISCLOSED BUYING $270 MILLION WORK OF #MSTR In its Q3 2025 13F filing

We got farm fresh eggs from npub1z30fwek5ffmg8d920a9anhgyqxvruzktaw5y9pruj3602597l50sw2s58s for only 5000 sats / dozen I know it is up 25% from 50 days ago, but I enjoy farm eggs and isn't that the problem money is suppose to solve-- buy from others what you can't make yourself. #eggs I do have lots of wheat if anybody wants to make bread. #flour

nostr:nevent1qvzqqqqqqypzpnkqfsunqsyj3nn6hha9g4xa26dcyuutrkz2ypsgytjlcvzz2neaqqs0mx6ckjedrfy4ktnf40kqephdw2kctxycl6ha7q37zwn4zlpaepq9f4f8x

I figure only 30 percent of humans, interact with the US dollar regularly through trade, remittances, or savings. This 30% drop is probably only like 10% drop in other currencies.

We're currently sitting at 12–17 on the Fear & Greed Index — extreme fear territory.

I just bought more. I'm a natural contrarian 😉

My bet: in 6–12 weeks we'll be at new all-time highs again.

Adoption keeps climbing, money printers are about to fire back up, and we just saw a 5% move in the last 8 hours… that's the old-school Bitcoin volatility I know and love. Feels like the good old days. 🚀

"Bitcoin is the last functioning smoke alarm".

nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcp2amhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wv6hjufkwaskgamj0pjx2drvdpn8xdfkvahrvdrgwaa826rwvesnvu3ed44rgdekwg6hxdrgdd6ku7n80fchyuekwymh5qpqs5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqjx5gu2 gives Luke Gromen a chance to explain the current downward price in bitcoin https://youtu.be/RA2cvfdwy0I

the "eleventh hour of the eleventh day of the eleventh month"

That is the time World War I ended #remembering

Replying to Avatar mIX

Please contribute missing data to OSM (Open Street Maps https://www.openstreetmap.org)! There are a lot of businesses and data that could be updated or added. With Square pushing for bitcoin payments for merchants, we need lots of people helping in this way to make the open source maps better for their specific areas.

Adding your data will help nostr:npub1864jglrrhv6alguwql9pqtmd5296nww5dpcewapmmcazk8vq4mks0tt2tq and countless other projects out as they use Open Street Maps.

#mapping #map #btcmaps #bitcoin #opensource

I just added a tea business

Meno helped me seed this 100 days ago

This blunder is all on Mark Carney

I am Canadian 🇨🇦.

I do NOT recognize the state of Palestine.

What I do see in Palestine is one of the world's largest open-air terror incubators.

If anyone close to Mark Carney sees this, urge him to take a close look at the footage of Palestinians partying in the streets as Hamas paraded its victims and desecrated their bodies.

While it would be untrue to say that every single Palestinian is tied to Hamas, it is very fair to say that most are.

We can only hope Trump threatens more tariffs against Canada if they push ahead with this plan. #canpoli

Kathy, This morning, the curious bull calf once again found his way through the fence. Unlike before, I don't think his mother nudged him through this time. Instead, I stumbled upon him peacefully dozing in a small puddle of water, the sunlight glinting off the droplets that clung to his soft fur. His mother now has quite the challenge ahead of her, as she must keep a closer eye on her adventurous little one.