御説明、ありがとう。そうなら、散歩の場合(あるいはジョギングの場合 に合うでょう。
I feel like I need popcorn when reading Broken Money. Lyn is reading US for filth and I’m loving it! On p. 143 and she just got done talking about how we screw over developing countries by raising interest rates to strengthen the dollar relative to their local currencies and then swoop in to “help” by giving them even more dollar denominated loans.
#bitcoin #brokenmoney #plebchain
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a, does Broken Money contain dark humor or is it just me?
After you detail the establishment of the petrodollar system, I soon after read the following. “In 1999, Saddam Hussein of Iraq (which at the time had the second-largest oil reserves) began selling oil in the newly created euro”.
At this point I know that this shit won’t fly because the deal was to only be slinging oil for Benjamin’s.
Then we get to the following sentence. “The public reason at the time was focused on Iraq’s weapons of mass destruction, which were never found and were never there.”
I couldn’t help but think of the Black Bush Dave Chappell Show skit with “yellow cake” uranium.
This is a good point. Learning more about how the existing financial system works helped me to accept the volatility aspects of an emerging money because I could clearly see what the current problems are and what bitcoin solves.
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a just started reading Broken Money. While reading the intro, I felt relief that I wasn’t crazy for believing that the financial system is breaking and will not last. I also felt like I wasn’t alone and that there are others who want to think deeply about this subject and figure out how to fix things and make it better. I’m loving Chapter 1 so far with its down to earth explanations of money’s origin as a ledger. One example that comes to mind is explaining the mental ledger through swapping chores.
I will explain mining yields in detail with a much longer note. It's a good opportunity to showcase my permaculture approach to Bitcoin mining and the progression of home mining here at the homestead.
The most surface level yields from Bitcoin mining are the sats and the heat.
I mine with a FPPS pool which pays out sats proportional to the hash I contribute to the pool regardless if the pool finds a block or not. The FPPS pool structure is good for my situation because my hash is intermittent. My miners are only running when I need them to do work for me or when I have extra solar power.
The mining I do is transaction fee insurance because as the fees to transact on the network increase the amount of Bitcoin I mine increases proportionally. If I can't delay transactions until fees are more favorable the extra sats I'm earning from mining will subsidize the transactions I make during periods of high fees.
https://v.nostr.build/Zn4k.mp4
I don't think of the sats I earn from mining as free but more of a rebate on the cost of power usage from the work performed by my miners. Because I use an FPPS pool I don't need to expend extra energy in order to guarantee a payout. I get paid out proportionally to the hash I contribute at the time that I'm hashing. If I'm hashing I'm getting paid.
https://v.nostr.build/zeGd.mp4
I hope this clears up some of your questions when comes to yield, transaction insurance, and payouts when it comes to mining at home. Once again I am working on a longer for note that will breakdown home mining yields through the lense of permaculture.
#homesteading #permaculture #permies #meshtadel #selfsovereignty #bitcoin #bitcoinmining #homemining #homeminer #plebminer
Thank you for your explanation of yield and transaction fee insurance!
You describing how you use the miner when you need heat or when there is excess energy from solar really hammered home the idea of thinking of home mining as a way to leveraging energy that you already need to expend for your home rather than increasing energy costs to mine. I also appreciate you describing how this can be accomplished in practice through a FPPS mining pool so that you can still earn when you do mine while respecting your energy usage patterns.
I look forward to your future post about this subject!
Regularly walking made it easier to transition into jogging. Both has been helpful with managing anxiety and depression.
Any advice on how to make friends on nostr? I’m a techie that never was big on social media. However, it’s been difficult to find people who care about things like freedom tech in my offline interactions. My current experience of posting on nostr feels like shouting into a void. Any advice for how to make meaningful connections for a social media newbie would be greatly appreciated. #asknostr
A question to the pleb community.
Some services (e.g. nostr:npub1zv7d9l5ac0zdzeh5mzfyaegcdgcwn8m2uaxdpsj93hgp4nqjmd0s6k82ke ) allow the stacking of sats directly to a lightning wallet.
If you stack these sats directly to your lightning node, then it should improve the routing and capacity of this node.
So why not stack directly to the own node and have a win/win situation:
- increased bag with its seed
- continuity increasing capacity of the lightning node for better routing
Have I made a mistake in my thinking?
#bitcoin #lightning #dca #stackingsats #asknostr
I’m still a lightning novice so definitely do your own research but one concern I have about this approach is safety of your stacked sacks on your lightning node. I’ve heard lightning nodes referred to as fundamentally hot wallets because of having private key on the computer or phone. This would put your sats at more risk than if the private key was in a hardware wallet like a coldcard. This may be schemes where you can separate the lightning node from the private key and that would be worth looking into. However, I am concerned that the lightning node couldn’t function automatically without the private key being with the node.
Same problem on IOS. This puts a bit more friction into looking up unknown words when reading Japanese content.
Could you elaborate on what you mean by “yield” and “transaction fee insurance” for someone who is skeptical but open minded to home mining?
I think when you say “yield”, you are referring to either newly issued bitcoin and/or transaction fees earned by a mined block. I also suspect “transaction fee insurance” may either refer to lowering the effective transaction fees one pays over their lifetime due to block rewards offsetting the costs, or just the fact that when you successfully mine a block that contains your transactions you effectively pay no transaction fees.
I think you are arguing that if a home miner makes use of energy sources that are already expended in their living space such as heaters then you can effectively get free bitcoin lotto tickets (ie chance to win block rewards). My concern is that to use such energy sources in a way that does not increase energy demands (significantly or at all) then the probability of successfully mining blocks will be too small to matter of a long period of time.
I want to be wrong, so I would love to hear your thoughts to why this is not the case.
Currently playing SMTIV in Japanese. Curious if any other Japanese language learners on Nostr playing this game or some other rpg.
#smt #smtiv #languagelearning #japanese #jrpg
Anyone here have a ZSA Voyager? I’m curious how comfortable it is to use the num row on it. I’m used to using layers for numrow access (via miryoku layout) on small keyboards like the Planck and Kyria but I’m wondering if I should just embrace the extra row.
#MechanicalKeyboard
Thanks for the response! Are you saying that people don’t keep zap records so they don’t have to deal with the taxes? :)
I am relatively new to using Nostr and wanted to know if anyone had any advice on how you track zap records for tax reporting purposes.
I’m based in USA and the IRS FAQ on digital currency seems to indicate that Lightning based gifts are taxable when later used to pay for goods and services.
Source: Q3,Q14,Q27,Q31,Q32
#plebchain #zap #nostr
