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BitcoinMendocino
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#Bitcoin is the alternative financial system for local communities at a time of inflation and spiraling national debt. #Mendocino California.

A look at the state of play within the #bitcoin  ecosystem and culture(s.)

https://youtu.be/HK38EiGfYLo

While the world roars ahead it’s time to pause for morning coffee and contemplation.

#Mendocino

And now a quick check to see how many government issued, hard earned, global reserve asset dollars you would need to exchange for one measly little, tiny winey #bitcoin  as of now…

Today #Bitcoin  signing devices get the job done.

But how much do you think they will improve in the future?

Imagine a small community becoming aware of a global problem - inflation. Inflation looks like prices are going up, in reality it’s the $’s purchasing power going down (check the Fed’s balance sheet.)

Now imagine that small community using #bitcoin & preserving wealth over time.

Afternoon walk on the #Mendocino headlands.

Today’s signing devices are too complex. We need an ‘iPhone moment’ when some innovation appears that makes self-custody easy.

Block is thinking this way as is Ledger (with a bit of a PR disaster.) We need a technology that is plug and play, auto BU (not to a company’s server) and with built-in inheritance planning.

Off to the white board.

#Bitcoin is four things in one. It’s hard money, a currency, a ledger of accounts and a financial network combined.

Bitcoin self-custody can be intimidating in the 2020s.

So was getting on the internet in the 1990s.

Watched this. It is concerning. Is CR trying to damage BTC to promote/advance BSV?

I’ve been using breez.technology and it works seamlessly. Digging into the details of this wallet it appears to be an excellent blend between easy UX and self-sovereignty.

Does anyone else have a more informed opinion of Breez?

Thanks to #bitcoin  and social security I don’t need a job. But because I’m slightly obsessed with BTC and want to contribute to the mission I sent in an ‘open application’ to @SwanBitcoin .

The application asked what my dream job at Swan would be. I wrote Boomer Evangelist, reaching people of my generation who are #bitcoin  -curious but technophobic.

Swan’s a great way to dip your boomer toe in the ocean that is bitcoin. While they encourage and educate about self-custody, they are also a place to safely store your #bitcoin  until you’re confident enough to take the plunge.

According to people who know more about these things than I do, we (the U.S.) are approaching the event horizon of a debt ‘black hole.’

Imagine the interest portion of your credit card bill going up each month and you’re getting a cash advance from another card to pay it off.

I’ve noticed that an idea or thought or response, while insightful, fully formed and reasonable in my mind, once typed out as a social media post tends to shrivel into a two dimensional banality. Much like this post.

Fedimints are interesting in that they allow people to choose their custodian to act as a type of bank. That trust (bank) could be family members, a local community, church, business etc. So you’re trusting an entity you have a relationship with.

Wondering if you should exchange dollars for #bitcoin? Then you probably shouldn’t. What you should probably do instead is learn what Bitcoin is and why it’s valuable. Once you understand #BTC there’s no doubt.