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"The Bushido of Bitcoin" by Aleksandar Svetski is not a technical guide to Bitcoin or a history of money, but rather a philosophical exploration of what happens when Bitcoin succeeds and its adopters become a new societal elite. Drawing inspiration from the samurai code of Bushido, the book proposes a new moral and virtuous framework for this emerging class. Svetski argues that simply achieving Bitcoin's dominance isn’t enough—those who rise to power must embody virtues like honor, discipline, and excellence to avoid replicating the corruption of past elites. The book outlines ten key virtues, tracing their historical and etymological roots, and connects them to a future shaped by a Bitcoin standard. It blends historical analysis with a vision for a civilization rebuilt on integrity and strength, offering a hopeful, action-oriented guide for individuals and society in a decentralized economic era.

Replying to

utxo the webmaster 🧑‍💻

Gm,

Went to the bar with the fellas last night, bought a pack, regret it this morning

jpc_BTC 9mo ago

When I quit after smoking for 20+ years I kept and unopened pack of cigarettes in my car’s glove box. There was something about knowing they were accessible that kept me calm enough not to smoke them. I quit a 1 to 2 pack a day habit cold turkey. It was the hardest thing I’ve done. They were in the car for over two years after I quit.

Replying to

Jeff Booth

Was asked to speak at a philanthropy conference last week with ~ $400 Billion looking to help the world where I told them the number 1 thing they could do is learn and contribute to the honest system. #bitcoin

Yes - it did break brains, but many follow ups scheduled.

https://youtu.be/xiunnbrE3XU?feature=shared

jpc_BTC 9mo ago

Keep up the amazing work!

Replying to

Carla 🧡⚡️

Anybody else got John Mayer singing Free Falling in their heads right now? lol

jpc_BTC 9mo ago

I do now. 😀

Replying to

Constantin

In our darkest moments, we don’t need solutions or advice. What we yearn for is simply connection—a quiet presence, a gentle touch. These small gestures are the anchors that hold us steady when life feels like too much.

Please don’t try to fix me. Don’t take on my pain or push away my shadows. Just sit beside me as I work through my own inner storms. Be the steady hand I can reach for as I find my way.

My pain is mine to carry, my battles mine to face. But your presence reminds me I’m not alone in this vast, sometimes frightening world. It’s a quiet reminder that I am worthy of love, even when I feel broken.

So, in those dark hours when I lose my way, will you just be here? Not as a rescuer, but as a companion. Hold my hand until the dawn arrives, helping me remember my strength.

Your silent support is the most precious gift you can give. It’s a love that helps me remember who I am, even when I forget.

Ernest Hemingway

jpc_BTC 1y ago

You are not alone. Praying for you.

Replying to

Gigi

Call your parents. Tell them that you love them. Do it now.

https://dergigi.com/2024/11/15/he-hanged-himself-in-the-morning/

jpc_BTC 1y ago

May the peace of God carry your through this valley. ♥️

Replying to

Club Orange

STACK FRIENDS WHO….?

jpc_BTC 1y ago

Stack Sats of course

Replying to

Parman - Activate OP_GFY now!!

A quick explanation of how to assess a Bitcoin miner for profitability...

Let's take the S21 Pro.

It has a hash rate of 234 TH/s. The world is hashing at 750M TH/s, so that machine will contribute to the following fraction of the world hash rate...

234/750,000,000 = 0.000000312

Cool.

That means, if left on all day, it should generate the total world bitcoin reward for the day multiplied by that percentage...

450 bitcoin x 0.000000312 = 0.00014040 bitcoin (14,040 stats)

So the S21 Pro produces 14k sats per day if left on.

The next question is how much that costs per day.

The machine is rated at 3510 Watts, or 3.51 kW, 3.51 kilojoules per second.

Electricity prices are in $/kWhr

($/energy). BTW, Energy is kW (kJoules/second) multiplied by 1 hr (ie E / time x time) = Energy.

So 3.51kW * 1hr = 3.51kWhr is the amount of energy used in 1 hour by this machine, and x 24 = 84.24 kWhr in one day.

How much does 84.24 kWhr, which was used in the day to produce 14k sats, cost?

If your electricity price is 0.06c per kWhr, then it costs:

84.24 kWhr x 0.06 $/kWhr = $5.05 per day.

So $5.05 to produce 14k sats. At what price are you effectively "buying" bitcoin? We need the units $/bitcoin...

5.05 ÷ 0.00014040(ie 14k sats) = $35968

The current market price is $72,000

It means that if you pay full price for the s21 Pro ($6318), and have cheap electricity at 0.06c/kWhr (I pay around 20c US btw where I live), you will be mining bitcoin profitably, but... you need to recover the cost of the ASIC.

$72000 x 0.0001404 bitcoin means that you're earning about $10.10 per day in bitcoin, and paying $5.05 in electricity. $5 per day profit will take a while to pay off that $6,318 miner!! (3.46 years)

How can it make sense? Answer:

Well, if the bitcoin price doubles, guess what happens to the value of the ASIC? That will probably roughly double also - if it doesn't many people will buy them, bid up their price, and by turning them on also make mining less profitable. For the miner who got in early, that reduction in profitability is compensated for by a capital gain on the equipment.

Meanwhile, they are still mining somewhat profitably - They'll be mining less than 14k sats/day as the hashrate goes up, but those sats will be worth more. And their daily costs are static.

Another way to put it...

MINING COST FOLLOWS PRICE

...not the other way around as with every other commodity in nature. For everything else, the price follows the cost to produce. I like to call it "anchored" to the cost of production. For Bitcoin, the cost to produce is anchored to the price, and this is fundamentally due to the difficulty adjustment, which keeps the daily production constant regardless of price.

OK, that was a long explanation, not quick, sorry, I lied.

Here's the other thing that most people don't think about...

That $6k miner that was bought hoping for a bitcoin price pump... what if you just bought $6k worth of bitcoin today? You probably would end up with more sats.

Mining is fun but opportunity cost is a bitch.

jpc_BTC 1y ago

Using old miner such as an underclocked S9 in place of a cheap electric space heater is ok if you’re just curious about mining. If you’re going to use an electric heater at least you’re earning a minuscule amount of sats when connected to a mining pool or you can take the chance and play the solo mining to find a block by yourself.

jpc_BTC 1y ago

Bitcoin Price 1 BTC = 1 BTC

However, Bitcoin Dominance just broke 60% !!!

jpc_BTC 1y ago

Why #Bitcoin ?

Take the time to study Bitcoin. May I recommend the book Broken Money by @LynAldenContact.

Yes, there other books on the same topic but Lyn’s book is more in depth and results in a better understanding of money. Only then can you fully appreciate: Why Bitcoin.

jpc_BTC 1y ago

When you look at this chart below keep in mind the M2 money supply is a better indicator of real inflation as CPI is manipulated.

Then ask yourself “Will they stop printing Fiat currencies?” The correct answer is “No” and your response should be “Buy #Bitcoin” because it doesn’t have inflation and you can’t print Bitcoin! nostr:note1xq4l7emxetvd6mehqr3x4px4f0y7luszaftn4m03zer82q8c6gds7qelju

jpc_BTC 1y ago

Why #Bitcoin?

Bitcoin doesn’t have inflation.

Purchasing power plummets https://www.castanet.net/news/Canada/510713/Purchasing-power-plummets

jpc_BTC 1y ago

I just enjoyed an amazing book of prophecy published in 1949. You may have heard of it. It is written by George Orwell. Yep, you guessed it. It was titled 1984. It was written as fiction but many ideas and concepts from the book can be seen in today’s political, social, and corporate frameworks. Bitcoin is the peaceful revolution that has the ability to stop this oppressing future.

Bitcoin is Hope.

Thank God for Bitcoin.

Replying to

walker

FEMA’s budget is $30 billion.

We sent $175 billion to Ukraine.

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8

Fountain: https://fountain.fm/episode/ghR1ZM4Nh4NC25houGdP

YouTube: https://youtu.be/tGoQSt_o2p0

jpc_BTC 1y ago

This conversation was great! A lot of nuggets of wisdom throughout the episode that touched on multiple topics. A lot of expletives when identifying mind blowing examples of what is happening all around us right now. Thank you Guy Swan and Walker.

Replying to

walker

America is not a Democracy. America is a Constitutional Republic.

That is a good thing because our Constitution exists to protect individual rights from the whims of would-be totalitarians and the easily-sway-able masses.

"Our First Amendment stands as a major block to the ability to be able to hammer [disinformation] out of existence. What we need is to win...the right to govern by hopefully winning enough votes that you’re free to be able to implement change." - John Kerry

When the Constitution stands in the way of would-be totalitarians, they naturally suggest we disregard it… After all, freedom of speech can be quite dangerous (to the would-be totalitarians trying to centralize power), so perhaps it’s better to just get rid of that pesky First Amendment…

“To fight disinformation.”

“For your safety.”

“For the greater good.”

“To save democracy.”

Of course, the greatest spreaders of disinformation are the totalitarians themselves. They fear free speech because free speech removes the State’s ability to monopolize “The Truth.”

When speaking the truth becomes a crime, dissent itself is criminalized.

This is their goal.

https://v.nostr.build/Wz0vdxbuirjzMhCJ.mp4

jpc_BTC 1y ago 💬 1

I’m reading this amazing book of prophecy published in 1949. You may have heard about. It is bT George Orwell and the name of the book is 1984. 😉

Replying to

Susiebdds

Is the Federal Reserve a corporation?

jpc_BTC 1y ago 💬 3

For a detailed understanding of the answer May I suggest your read Broken Money by Lyn Alden and/or The Creature from Jekyl Island by G. Edward Griffin.

Replying to

Bitcoin for Freedom

Available Bitcoins on exchanges:

13th of Feb: 2.72M BTC

14th of Sep: 2.33M BTC

If this keeps going we go below 1M BTC on exchanges in August 2026.

jpc_BTC 1y ago

I was looking into this yesterday to share with a fellow pleb. I think it could be a lot sooner due to game theory, network effects and FOMO.

jpc_BTC 1y ago

Why Bitcoin ?

… one of the founders of MMT, also

referred to as Keynesian economics, admits that inflation is theft! Bitcoin doesn’t have inflation. There will only ever be 2.1 quadrillion sats. You know what percentage of the total monetary value you own and it doesn’t change unless you buy more or sell some of your sats.

Thank you Lyn Alden for writing your book “Broken Money.”

jpc_BTC 1y ago

Another great episode of Block Rewards with Scott and Aleks Svertski discussing Aleks’ new book. I pre-ordered the book and am looking forward to reading it.

Thanks Scott and Aleks.

https://youtu.be/z0x8HtMdlqU?si=rjvXiXvhFpMaZtz5

jpc_BTC 1y ago

Coming soon …

The next Okanagan Meetup. 👇👇

https://shorturl.at/XstoA