This is a significant culture shift. At least for the next few months, let this be the issue that holds the breadth of the Bitcoin community together. Internal battles can renew in mid-November. But for now we need to focus on the exogenous, existential threat to Bitcoin in the US - the current administration.

If you're feeling inclined to divert a few sats toward decentralization of mining, Average Gary can hook you up!

It is unreasonable to say in one breathe that politicians are self-interested, but then to say that your voice carries no weight. A great example is the very competitive Senate race in Montana. Incumbent Senator Tester supports Elizabeth Warren's bill. But in this close race, softly held beliefs are easily tested. If you live in Montana, call you Senator and let him know what you think of Warren's Digital Asset Anti-Money Laundering Act.

And if you think vulnerable incumbents aren't flexible, take a gander at this.

https://nypost.com/2024/05/09/us-news/vulnerable-senate-democrat-backs-laken-riley-act-after-calling-border-crisis-unacceptable/

It is wise to be judicious with your trust when it coms to politicians, but Rep McHenry has been a good friend of this ecosystem for a long time. Keep these kinds of things in mind in November.

And if you choose not to vote, then maybe you think it would be great if Gary Gensler became the next Treasury Secretary.

My 81 year old father loved it. Thanks for sharing your work.

This is very timely. We have conflated through convenience the US’s ability to manipulate the dollar with national interest or even patriotism. When you take an oath of office, you pledge to uphold the Constitution, not the dollar.

Quaint idea.

100%! We need to get into this fight.

I know I said no more home mining posts, but I have to say this little Bitaxe is completely dialed in. Consistently running 600-750 gh/s, 12.6w, steady at 53-55C, and only an occasional reboot. Purring like a kitten.

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“Le Fabuleux Destin d’Amelie Poulain” is a profoundly beautiful movie. If you’re able, watch it in French.

This episode got me into the Bitaxe home mining game!

Spent some time this evening nerding out a bit on the difficulty adjustment. It’s hard to even begin to appreciate the depth of foresight Satoshi demonstrated with just this one system attribute, let alone the cohesive whole. Remarkable.

Because apparently we just can't have anything nice.....

A recent WSJ piece, “Biden Races to Trump-Proof His Agenda,” speaks partially to why we should all expect significant regulatory action targeting the industry for the remainder of the year – but only part of the story. Two years ago one might have concluded that Congress was, if not friendly, then at least ambivalent toward Bitcoin, but Elizabeth Warren has changed that dynamic. I still believe most members are ambivalent, thus supporting Warren’s crusade earns them political chits while costing them nothing politically – hence the bipartisan support of the bill.

But in this current Congress, you might say, Warren’s legislation is going nowhere. Probably true.

But here’s the point many miss - without a political risk to candidates in tight races, partisan regulators are free to attack the industry w/o risking political damage. If candidates in key races started paying a political cost for their support of this crackdown, you’d see the heat on the industry promptly dissipate, as they kept their powder dry for what they hope will be a more sympathetic Congress next session.

The disadvantage people who actually believe in something bear is the conviction that, if others only understood, they would come around to your POV. Unfortunately politics functions differently – power and influence, this is what drives decision making. This is about as good a time as any to turn that conviction into a political voice. nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx

nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle Epic, epic broadside against the fiat system and elevating the moral virtue of saving, stated with moral clarity along with sprinkling of befitting outrage. Worth a listen.

https://podcasts.apple.com/us/podcast/ep-20-bitcoin-called-bullshit-on-the-fed/id1695949365?i=1000654729854

I unexpectedly spent one night last week diving deeply into both nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc website and a bottle

of Meursault. So I had to have this! Gigi’s work is a gift to the community.

In a time when I’m seldom reassured, it is great to see younger “mainstream” financial guys talk about money, debasement, and Bitcoin as an integral part of larger macro discussions. I’m a gen x-er, hence hopelessly cynical. But it’s great to see smart people from the next generation talk about how Bitcoin and sound money will play a role in rebuilding what the current governing establishment has wrought upon their futures.

https://youtu.be/q8QhgE5icAQ?si=6WqXou4GpfOlj7HZ

I think the Washington, DC area needs a Bitcoin park. It would look different than Nashville or Austin, but there is a vibrant community here that needs a coalescing force. Bitcoin also needs to plant a flag inside the Beltway, because the fight is on.

Capital Bitcoin?

I think what’s happened over the past few weeks and will continue to happen is a good wake-up call to the community. I think we’re getting organized, slowly, but it’s happening. This is the right time for Bitcoiners to make their voices heard. If we don’t stick up for ourselves, nobody will do it for us.

Ok, no more vanity posts about my home mining experience! But on a serious note, the ability to play even a small part in supporting a decentralized global network from your house, without asking permission from anyone is a truly amazing experience. You can’t feel it unless you try it.

We all have differing levels of technical ability, but the market has given us the ability, even for just a few dollars and regardless of our technical ability, to participate.

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