El Salvador to Build $1 Billion Bitcoin Mining Farm Using Renewable Energy

https://hifibitcoin.substack.com/p/el-salvador-to-build-1-billion-btc-mining-farm

#Bitcoin

History shows that despotism and oppression often follow bureaucratic decisions that are made in the name of "the greater good."

Don't become the next victim. Opt out with #Bitcoin.

#Bitcoin is the only money in the world that is truly decentralized and wholly resistant to confiscation, censorship, and debasement. If you protect your private key well, I believe there’s nowhere safer to keep your money.

#Bitcoin is a hard money, because it has a limited, immutable supply. That makes it a good store of value, especially compared to fiat currencies with values that get eroded over time by inflation.

That comment supposes that blockchain, at it’s core, is anything more than just a datacenter that’s split over thousands of operators rather than a single centralized entity.

So blockchain (in many instances) benefits from not being operated by a single centralized entity, but does so at the expense of economies of scale. In other words, centralized datacenters are a lot cheaper and easier to operate than distributed ones.

So we have to ask ourselves, are people really going to spend exponentially more money on applications that aren’t really worth all the extra cost associated with distributed ledger technology?

They will for decentralized money (i.e., Bitcoin). I don’t anticipate in the long run that they will for much else.

I don’t believe that any group of people should have the power to force decisions on everyone else. That’s why I use #Bitcoin, which is a peer-to-peer currency that anyone can use and no one can control.

#Bitcoin is a digital currency that isn’t subject to government control. It’s also resistant to inflation, confiscation, and censorship, making it a valuable tool for financial self-sovereignty.

Multisig Wallets - A Better Defense Against Theft And Loss

#Bitcoin

https://hifibitcoin.substack.com/p/multisig-wallets-a-better-defense-against-theft

#Bitcoin is the best money in history.

The fact that governments are able to seize private assets from massive corporations with little pushback and little visible effort is alarming.

#Bitcoin is money that protects us from government overreach.

#Bitcoin is a safe haven. It’s not subject to government control, and its supply is limited. That makes it good money for people who are concerned about inflation or economic instability.

In other words, for all of us.

Don’t let any try to convince you that building a blockchain is expensive.

Satoshi Nakamoto put in all the hard labor, and then open-sourced the code that everyone then copies for free.

#Bitcoin only.

Texas Legislature Weighs In On Bitcoin Mining

#Bitcoin

https://hifibitcoin.substack.com/p/texas-legislature-weighs-in-on-bitcoin-mining

#Bitcoin is the best money ever. It’s scarce, decentralized, and secure.

The #BTC blockchain is open and permissionless, meaning that anyone can access it, which makes #Bitcoin a truly global currency.

The public nature of the #BTC blockchain is essential to its auditability and immutability. If the blockchain weren’t public, it would be impossible to verify transactions or prevent them from being changed, so #Bitcoin would be a less secure and reliable way to store data.

Governments can’t control #Bitcoin. It’s your money, so use it how you want.

#Bitcoin is the most revolutionary money ever created. It’s changing the world, one block at a time.

Yes, it’s hard to take anything the media says seriously.

Governments can use their control over money to make our lives miserable if we don’t do everything they say.

#Bitcoin gives us a way out — it gives us back our freedom.