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Replying to Avatar Marty Bent

Had an epiphany on the mining stage during my panel with Troy Cross, Guy Swann and Blake King that I tried to articulate on the go and want to articulate it here.

It is very ironic that politicians and central bankers refer to bitcoin mining as wasteful.

I understand this irony very deeply because of the work we're doing at Standard Bitcoin. Our strategy is to identify rural towns with falling populations that have excess capacity at substations because a large manufacturing facility left town due to globalization.

At Standard Bitcoin we are taking advantage of the waste produced at substations across Appalachia. There is a lot of waste because the dollar system made it unprofitable to manufacture goods in the US.

Substations were built for heavy industry, heavy industry was eventually disincentivized due to monetary and economic policy, they were priced out and forced to leave or shut down, and substations were left behind producing massive amounts of electricity with declining demand.

Bitcoin mining has produced a profitable way to take care of the waste created by the dollar system and its perverse incentives that have led to a hallowing out of our manufacturing base here in the US. This is a beautiful thing and a saving grace for the Rust Belt.

It is truly ironic that those in government and central banking call bitcoin miners wasteful when we are fixing a waste problem that their policies created.

Our ability to solve this waste problem has very positive effects on the towns we operate in too.

We create jobs while allowing utilities to keep prices lower for residential consumers because we provide them with a significant revenue boost.

We're driving peak efficiency. We don't waste a single watt.

The gaslighting over this topic is pretty insane.

Forward thinking like this is inspiring

For one horrible minute thought that shitcoin promoter was dirtying up my feed. Thankfully just a repost by you. Crisis over

It’s a shame to see the hype about brc20. Yet again ‘get rich quick folks’ will ape in and 99% of them will loose their shirt. I’ve heard the argument it’s good for bitcoin as it’s bringing new people to the network, but for me it trivialises it. It’s taking one of the most beautiful technologies ever created (actually the most beautiful) and reducing it usage to the lowest common denominator. They say the market decides and I’ve no doubt that like nfts before brc20, all of this nonsense will be washed away like the flotsam that it is, but it will further reinforce the opinions of some that bitcoin is not a serious alternative to the current fiat chaos.

It’s one of my weaknesses I’m afraid. Given up most of my vices but find it hard to resist an ice cold coke, tall glass with ice and lemon.

Mine are down about 70% still. As can’t invest pension in bitcoin in UK, mining stonks were only option. Transferred everything at absolute peak in Nov ‘21 🤣. Some are coming back better than others and wish I’d avoided a couple of them. In time I recon most will be back. They do trade with extreme volatility - someone described it like bitcoin with 10x leverage which seems about right. So far the increase in fees has had no positive effect. My portfolio was down an average of 9% on the day yesterday so do watch out for that.

Not as bad as LAX. Worst airport in the world

I need to have surgery in a couple of months and looking for alternatives to opiate pain medication post-op. It’s not a serious operation, but is an unavoidable one and I’ve been told to expect a few days of quite severe pain afterwards. Does anyone know of meds that could help beyond normal OTC stuff like Advil/Tylenol etc?

Just the kids for me. If I had a super car they would ding the doors, cover it in sticky hand prints, and call me mid life crisis dude so I’ll stick with my daily driver and stack sats instead. Doesn’t mean I don’t enjoy a good track day driving beautiful cars for a few hours.

Sounds like a great exchange to me, and what legends they are stacking for the future of their fam

After trying to engage normies on Twitter over the FUD NYT article on Riot and bitcoin mining I’ve come to the conclusions that: 1) some people have an unnatural hatred of bitcoin and are happy to swallow any garbage that feeds that hatred. 2) very few prepared to actually get in to a discussion, preferring to wish ill on me and my future. 3) everyone has their on set of “facts” that reinforce their bias. These are entrenched and unchangeable.

I guess for some, their bias will only be changed when bitcoin is at a level of dominance it becomes part of their day to day life - much like with the internet. You could say it has no use until you actually had to use it and found it useful, for example finding directions somewhere, purchasing goods, online banking.

Does this mean it’s not worth engaging anti bitcoin luddites? It would be easier not to, but I think it’s still something that’s worthwhile…

The bird app is dead. Long live the bird app.