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Mags
5c89facf55a1e2b44d4697e098b34d6632ff666d9eb819ca8b25ac2fbcb74ddb
Bitcoin mining, custody, & memes ๐Ÿซก. Advisor PRTI โ›๏ธ. Energy, carbon & economic dev policy. Volunteer firefighter ๐Ÿš’

If you have grave concerns about the collapse of the legacy financial system, you have not managed your risk sufficiently

#GetOffZero

Bitcoin mining is being received with backlash like the idea of planets orbiting the sun or the dawn of the electric age in 1900, and not like the modern marvel of the intersection of technology, economics, & energy

End the Fed

End the CFA

End the World Bank & the IMF

The irrationality of Bitcoin mining critics:

There's no trust to be lost in a trustless system

Replying to Avatar GoneGone

๐Ÿ˜†๐Ÿ˜†๐Ÿ˜†

Testing out the animal oxygen masks on my pup. Thankfully our department has never had to use them yet, but I figured out what's more/less comfortable

Doggo was a very good & patient boy, & got many treats after

๐ŸŽถ

Coming out of my cage

And I've been doing just fine

Bitcoin gotta go down

Because I want it all

It started out with a pump

How did it end up like this?

It was only a pump, it was only a pump

๐ŸŽถ

Oh no, I need to do things with them? OK, I will look into this tomorrow - havent had a chance, I was traveling for 2 weeks

Fuck yeah, I got a badge!

(I think it's my first one ๐Ÿ’œ)

Thanks #[0]!

A special moment in El Zonte was when I went for a stroll along Bitcoin Beach and came across a coconut vendor. Curiously, I asked if he accepted Bitcoin. "Si", he nodded, so I enthusiastically asked for one.

His little girl opened his Bitcoin Beach wallet, and another vendor helped him create the invoice (I suspect he's done it only a handful of times). The payment sent, he industriuously hacked open a yellow coconut, and a short time later, I continued my beach walk, fresh drink in hand!

Reflecting on the experience, Bitcoin offers a different type of convenience for vendors purveying inexpensive goods. A shop keeper selling colourful wares or regional street food avoids being placed in an awkward position where a large bill needs to be broken

In my travels to smaller towns in El Salvador and Peru, I've found large bills (eg $20 or $50) can create an issue. With average incomes in LATAM being far below those of North America (an average income is approximately $10 a day in El Salvador), theres a limit to how many times a vendor can make change. I've had vendors ask their surrounding mates to help them make change. I try to be concious of this and ask my bank for smaller bills before I leave, or break twenties at large stores, but ATMs do not give out singles

Being able to offer exact change helps preserve dignity ๐Ÿงก

And from my perspective, I went on a beach stroll without any cash, only my phone for pictures - paying in Bitcoin was convenient and still a little mind blowing!