How Fiat Ruins Mining and Why Mining Decentralization is Inevitable
jimmysong
jimmysong@programmingbitcoin.com
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Bitcoin Expert
Open-Source Coder
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Author of 5 Bitcoin books
Fiat Ruins Everything: https://fiatruinseverything.com
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I'm kinda amazed that you can edit videos almost the way you can edit text.
I've always seen coding and writing as similar in that the magic is in the editing and not the first draft. Turns out video is similar if you don't care about one long continuous take.
Fiat Follies: US doesn't enrich uranium.
Why I'm Vlogging on Nostr
I'm thinking vlogging will be a good way to learn fast video editing. Thoughts?
First crossfit class in months, and man, it's always the cardio that gets you.
Early on in many people's Bitcoin journeys, they dreamed of mining so that they could print their own money.
Until they discover that energy and equipment costs money and then they just go buy Bitcoin instead.
But much later, as they really learn about Bitcoin, they start to realize that mining is a critical part of the ecosystem and for the good of the Bitcoin they own, they start thinking about it again.
I think there will be a lot more OGs mining in the next decade.
Don't be google.
At some point the hashers that don't understand or care about Bitcoin will be outflanked by the people that actually do.
It's one of the inevitable consequences of number go up.
It is for freedom that people will come to decentralized technologies and it isn't until that freedom is threatened that they'll come.
Value misalignment is a very good reason to switch
Billions and billions put into AI and we're already at the point of diminishing returns.
At some point, people will realize Bitcoin has way more juice in it left.
You need grit and discipline to make money, and gratitude to enjoy it.
Grateful that we have decentralized, anti fragile protocols for when things go south.
Poke Nachos = Pork rinds and cubed poke pieces with spicy mayo.
Keto, maybe even carnivore.
I don't understand how it's not a thing yet.
Enjoy this.
The grind, the hardness, the difficulty.
The achievements, the dreams, the camaraderie.
Because there's a lot more of it up ahead.
The reason people are going to Vegas less is because of altcoins, FanDuel and inflation.
Quantum Computing is the most midwit of all talking points.
When you debase money, you really debase labor and ultimately the actually scarce resource of time.
Money that's as scarce as your time correctly values it.
Free issue for the first Monday of the month!
High speed boondoggle, Effect or Cause First, Controls are BS, Math Soul Satisfaction, Peer Observer, Simplicity Launch, RGB, ETF in-kind redemption and more!
Bitcoin Tech Talk #460


Bitcoin Tech Talk #460
Interesting Stuff