Avatar
Marcus Satbard
b2e2249483624b0e52872272171762603a6d1314f21c0ce02f8d25dfaacbb45f
Dev, home-for-heat miner, node runner, #Poznań #BitcoinWalk organiser, self-defence trainer, kyc-free, class 21

Bitcoiners in LFG formation #BitcoinWalk #Poznan #proofOfWalk

It sounds that the compliance motivation should be really a hypothesis as there's nothing backing it. Unless nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5klqft7 can confirm it stating that's the insight coming from miners?

Fiat may be an explanation here. Miners may want to get the most from the fiat printer so may use leverage as much as they can. When they are leveraged they may not be able to have such variance in their income. They'd need more savings for that. They already need some to cover variance in bitcoin and hashrate prices (some of them also energy prices). Maybe they also don't like to be put in a position when suddenly they're forced to sell bitcoin. It may make sense financially to take on more cheap fiat debt to grow and seize opportunities at the cost of lower bitcoin earnings short-term. Bitcoin standard fixes that.

Also the claim that on FPPS you get 20-30% percent less is new and not strongly verified. Currently we just need to take Barefoot Mining word for that although they haven't even released concrete data. Not even which FPPS pools the comparison was done against.

It may be as well that miners focus on physical infrastructure and access to energy whilst missing the point that running own software infrastructure shouldn't be outsourced.

Lastly why do you assume that Foundry hashrate share will grow? It hasn't grown in the last two years.

Śpieszmy się kupować walutę wolności tak szybko odlatuje 🕊️

3 bitcoiners in cover my 6 formation #Poznan #BitcoinWalk #proofOfWalk #opsec

Zapraszamy na #Poznan #BitcoinWalk: niedziela g. 13 mostek przy stacji Maltanka. Jest to okazja do integracji z bitcoinową społecznością podczas zdrowej aktywności nie finansując akcyzą otyłego państwa, a w tym piasku wrzucanego w tryby maszyny wolności.

https://bitcoinwalk.org/poznan/

Is the orange cooked? I just put it on the side with honey (both raw of course).

Couldn't join #bitcoinFilmFest on Sunday but joining remotely, just needed to heat up the space a bit

Stalin's turning in his grave seeing Bitcoiners taking over the Palace of Culture and Science in Warsaw (a building "donated" and originally named after him), and making fun of his effective successors when it comes to the level of totallitarian control and enslavement of the society. Freedom money FTW! #BitcoinFilmFest