Bitcoin mining infrastructure can be easily regulated by the government. The only way to avoid this is to produce your own power.

Why does it feel like here in nostr that we want to normalize giving sats away for free? As a Bitcoiner I epitomize “proof of work” as an ideological bases for earning hard money.

Why now does it appear that we want to give bitcoin away to individuals who don’t work for it? I know I’m not the only person to feel this way.

Tipping/Zapping on nostr or through educational platforms like lightningsats is different. Showing gratitude for someone by giving them bitcoin I believe is an excellent idea, particularly when there is an educational piece involved, and I’ve seen that bitcoin flows through nostr a lot more freely than I’ve ever seen anywhere else.

But trying to plainly give bitcoin away is not something I particularly agree with for many reasons. The main reason is that folks who receive bitcoin this way may believe it’s worthless and only good for giving away.

“We have a system of justice that treats you better if you’re rich and guilty than if you’re poor and innocent,”…“Wealth–not culpability–shapes outcomes.” -Bryan Stevenson Director of Equal Justice Initiative https://eji.org/news/bryan-stevenson-tells-oprah-winfrey-why-we-should-abolish-death-penalty/

Read this book. You should then appreciate the incentives a free market creates. #ThomasSowell really makes things very easy to understand.

“Economics is not simply a topic on which to express opinions or vent emotions. It is a systematic study of cause and effect, showing what happens when you do specific things in specific ways.”

— Basic Economics by #ThomasSowell

https://a.co/6VRhosM

“If you can’t have a least a four year horizon you’re not an investor you’re a gambler, a degenerate gambler undoubtedly and you should just go to the casinos and blow your cash…” #FACTS -@maxkeiser

“What price controls, subsidies, or other substitutes for price allocation do is reduce the incentives for self-rationing. That is why people with minor ailments go to doctors when medical care is either free or heavily subsidized by the government, and why farmers receiving government-subsidized water from irrigation projects grow crops requiring huge amounts of water, which they would never grow if they had to pay the full costs of that water themselves.”

— Basic Economics by #ThomasSowell

https://a.co/dMHIj5A

Years ago google was offering a deal for $7.99 for their unlimited music. I had grown sick of pandora’s platform and I was looking for something new. I tried google play music and eventually they integrated that service into “YouTube Red”.

I haven’t seen any ads on YouTube in a decade or more.

“By its very nature as a study of the use of scarce resources which have alternative uses, economics is about incremental trade-offs—not about “needs” or “solutions.” That may be why economists have never been as popular as politicians who promise to solve our problems and meet our needs.”

— Basic Economics by Thomas Sowell

https://a.co/3yTTWXB

BlueWallet has ended their offering of custodial lightning wallet options on their platform. However, a lightning wallet that is connected to you own node will still work.

“Economics is the study of the use of scarce resources which have alternative uses.”

— Basic Economics by Thomas Sowell

https://a.co/gk1J3iJ

Great app as well as educational tool developed by @StOfBitcoin! This isn’t just a home/Lock screen widget. It’s a full fledged orange pilling educational tool with lots of useful information even hard core Bitcoiners want to see at a glance.

http://stateofbitcoin.com/

Start watching at the 18:55 mark. Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell testifies.

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

https://www.youtube.com/live/-6gs24WHDVI?feature=share

Or…completely unaware of the default settings on the applications they’re using. It’s a combination of both. Insane either way.

Learn how to use #[0]​‘s wonderful peer to peer exchange that we all know as Paxful. Class starting soon. https://twitter.com/i/spaces/1BRKjZEgebWKw

#[0] provided their slick educational stickers for our meetup. Thank you. You guys are doing some really nice work!

I don’t get people who use Venmo and allow their identity and all their payment transactions to be made public. What’s the benefit of this…?

What’s a good reason to zap someone?

All of what you said here is like a foreign language to me. What I got out of it is…someone who is very knowledgeable has noticed something strange about their accounts. This very knowledgeable person is unsure how this strange thing has happened.

Yes sir. I’ve gotten that 10% back on gas. It’s very nice. And I’m aware of what they’re going through. That’s why I get my BTC off there asap.

But those twin brothers don’t play any games. The NYS regulation is also, in situations like this, a comforting factor. However nothing comforts me better than knowing that I snatch my BTC off the exchange frequently.

I use Gemini credit card. It straight pays bitcoin rewards direct to my Gemini hot wallet. When I accumulate a certain amount of BTC I withdraw to cold storage. I don’t think it gets any more simple.

Here are the rewards percentages Gemini credit cards owners earn:

3% back in food and drink

This includes bars, restaurants, and fast food.

2% back on groceries

This includes grocery stores, and markets but not wholesale stores.

1% back on everything else