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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 #Bitcoin  Mining Micro-Story.

There is a cabin deep in the redwoods without access to utilities. The owner has installed a water tank for water, a propane tank for propane and a generator for electricity. She lives a simple life and tries not to be wasteful.

But every time she uses water there’s that much less water. And every time she uses propane there’s that much less propane. These tanks are 'zero-sum' meaning the more she uses the less she has.

The generator, on the other hand, is a different story.

The generator needs to generate enough electricity to handle all the power she needs in the evening - cooking dinner with the lights on, running the dishwasher, playing music, keeping the fridge running and maybe even doing the laundry.

But in the morning and during the day that same generator, putting out a constant supply of electricity, only needs to power the coffee maker and keep the fridge running. The owner realizes all that extra energy she’s generating in the daylight hours is going to waste…

So she has an idea. She gets a Bitcoin mining rig and during the day has the generator power it to soak up all that extra energy which was being wasted. Then at sundown she turns the miner off to free up the electricity she needs while she turns on the lights and makes dinner etc. during the evening.

She finds there’s another benefit to mining bitcoin with this excess energy over the months: When winter comes she uses the heat from the miner to help warm the cabin and this saves on burning firewood.

After a year mining bitcoin she’s saved up enough money to buy and install solar panels and can now rely a lot less on running the generator during the day.

And after several years she has enough bitcoin to buy a condo in Malibu. But she remains humble…and anyway she prefers her simple life stacking sats in the redwoods.

It’s a stretch for someone who’s struggling in a dollar-denominated world, struggling with debt and inflation to take the time to understand #bitcoin.

And once someone starts to look peripherally at bitcoin they often conflate it with the scams and Ponzi schemes of the speculative ’crypto’ space.

But once they understand that bitcoin is not ‘crypto,’ then they can begin to find out why bitcoin is simply the best form of money we’ve ever had.

It takes work to understand why. But slowly and steadily people worldwide, people struggling with debt and inflation, are coming to this realization.

Bitcoin  is easy to dismiss but hard to understand

#bitcoin (for me, anyway) is not an investment. I’m not trying to squeeze more $$s out of bitcoin.

I see bitcoin as money. A better form…no, actually the best form of money humanity has ever had.

That’s why I hold bitcoin not $$s.

I’ll be at the #Mendocino July 4th parade today and will have a red bandanna with me. I’ll give the first person to ask $25 in #bitcoin . Have your Bitcoin Lightning wallet ready.

“Money is the most universal and most efficient system of mutual trust ever devised.”

~ Yuval Harari

John Perry Barlow wrote this ‘Declaration of the Independence of Cyberspace’ at the World Economic Forum (ironically) in 1996.

https://youtu.be/3WS9DhSIWR0

The unanimous Declaration of the thirteen united States of America. (hi res.)

Happy insurrection day!

Buying coffee with #bitcoin in Sheffield.

https://youtu.be/9XyBvkXhrBE

#Mendocino ‘s 4th of July parade.

I’ll be there in the crowd with a red bandana in my back pocket and will give the first person to ask me for it, $25 in bitcoin on the spot!

Send and receive #bitcoin  instantly.

There’s no account to sign up for.

+ it’s a better form of money than the dollar which is losing purchasing power at the rate of inflation,

#Mendocino

https://twitter.com/joenakamoto/status/1672252282002452480?s=46

#Bitcoin is global, hard money that’s been available for everyone since 2009. BTC helps protect wealth over time and strengthens local communities as the dollar continues to lose value at the rate of inflation. BTC is controlled by no one and can be held like gold.

#Mendocino

This year’s 4th of July parade will be on….July 4th this year. I’ll be there in the crowd and I will give the first person to ask me for $25 equivalent in #bitcoin ….the equivalent of $25 in bitcoin on the spot!

@Mendocinocoast

#Mendocino

What’s happening over on Twitter with data scraping, the manipulation of trending topics and Elon’s response to all this through limiting access.

(Nostr’s looking better all the time.)

https://twitter.com/fossgregfoss/status/1675512620453879808?s=46

#Bitcoin is money, currency, a network and a ledger of accounts in one package.