Lonelypumpkins

Coffee meetup on the East Shore! Two weeks from today. nostr:nevent1qqsp88gj8p4597g3tq77ggp7fed38zew9vlxcgnm533cyl7f9paa9xqppemhxue69uhkummn9ekx7mp0qgsrktgsakswyqmvh9llk4epjuhq7e3dwn93c00yljvu4y9wd66tr4grqsqqqqqp0hpytx

Welcome to Nostr nostr:nprofile1qqs2286eg5nhaf0pv6482tgf6h8w8ga7krmt3jyr4m5773pd7ld54kspz4mhxue69uhkummnw3ezummcw3ezuer9wchs6280mx !

"Record high difficulty discourages miners". Reminds me of the Yogi Berra quote..."nobody goes there anymore, it's too crowded". nostr:nevent1qqs04daefjn9awtyhq8pgju7k989kvrnczls7lh8k4ryml4zjvdp3pcppemhxue69uhkummn9ekx7mp0qgszwaxc8j8e0zw9sdq59y43rykyx3wm0lcd2502xth699v0gxf0degrqsqqqqqp5spk32

Happy Nixon Shock anniversary! On this date 54 years ago, the US "temporarily" went off the gold standard. Median income in 1971 was $10k/yr, and gold was $35/oz. Yearly earnings paid in gold was 286 oz. How about 2025? Median income is $62k/year, and is gold $3.3k/oz. Yearly earnings paid in gold is 19 oz. Our median earnings, the average of what our scarce time is worth, dropped 93% in those "temporary" years. Cheers! 🍻 https://wtfhappenedin1971.com/

Whether the play store hammer is actually coming down or not, it is a great mental fire drill of what your phone wallets becoming inaccessible would mean. Some people I've orange pilled (well, up to the point of stacking at least some sats, anyway) have everything on a phone wallet. Gonna reach out to them and tell them to check on their seed word backups...make sure they still have them, and they're legible.

Yikes...searched for ashigaru wallet on DDG, top search result link (and only one on first page of results that looks like the site itself and not an article on it) goes to what seems like ashigaru's website on first glance. However, if you click anything under "menu" it asks you which shitcoin wallet you use, and please enter seed phrase to connect. Aye yi yi

Heard a great Mark Twain quote this week... "The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and starting on the first one."

https://bitbo.io/news/paypal-bitcoin-merchant-payments/ "To complete a payment, buyers connect their existing bitcoin wallets to the PayPal checkout. The digital assets are then exchanged on platforms such as Coinbase or Uniswap, converted to PayPal’s stablecoin (PYUSD), and finally settled in U.S. dollars for the merchant." Doesn't sound like bitcoin payments to me...sounds like hooking up one's Coinbase account to another's PayPal account. When paying bitcoin at a PoS, "connecting my wallet" has never been a step.

Great to see everyone at the nostr:nprofile1qqsww0ncvgjvdxzzzraplst3f5v2zcuq2eg8szmre5uu5zgp8npwmnqpzpmhxue69uhkummnw3ezumt0d5hsdfflyg hiking event today! Cheers to hanging out with bitcoiners on the trails

Greetings Central PA Bitcoiners! We've got our monthly meeting scheduled for this upcoming Sunday, June 22nd, at 1pm at Denim Coffee in Mechanicsburg. Some news items... US Department of Labor no longer discouraging holding bitcoin in retirement plans: Labor Secretary Lori Chavez-DeRemer said in a statement, “We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats.” I'd take that a step further and say decisions should be made by sovereign individuals, however it's good to see that the DOL is taking their thumb off the scale in this regard. A few short years ago, among most fiduciary or financial advisor circles, it was disallowed or considered a faux pas to even bring up the subject of bitcoin to clients, let alone recommend an allocation to it. Now, the tide is shifting, and the opposite is becoming true...it is becoming a faux pas to not​ have a portion of clients' portfolios in bitcoin. Self custody is always preferred, however, financial advisors aren't going to recommend things that aren't in their wheelhouse (or, being cynical, don't make them money). If a car salesmen knows that a specific Chevy model is the best fit for you, and he happens to work for a Ford dealership, a Ford is going to be what he recommends. People being able to purchase ETF shares in their legacy retirement accounts, and being encouraged to do so by financial professionals, is a step in bitcoin's path from 0.2% of global assets (where it sits now) to 2% (parity with gold) and beyond. TFTC launches "Opportunity Cost" browser extension: This new browser extension from Mary Bent, host of Tales From the Crypt and Rabbit Hole Recap podcasts, senses when the fiat price of an item is displayed in your browser, and displays the value in sats along side. This is reminiscent of a site that came out a few years ago that shows the bitcoin value of certain items over the years (warning, potentially NSFW). Bitcoin Core removes -datacarrier option from their node software: As the "spam wars" continue, the Bitcoin Core team is taking another step towards removing user options for how they relay transactions. See the newsletter from May 21st regarding the op-return debate...this is another facet of this mess. If you run a node and aren't a fan of these changes that Core is implementing, you can exercise your freedom of choice by either running an older version of Bitcoin Core, or by running a non-Core implementation such as Bitcoin Knots. Not your keys...not your coins. Not your node...not your rules. Solo miner mines a block: a solo miner found a block two weeks ago and was paid 309 million sats by the network. Usually when a story pops up that a solo miner found a block, which currently happens every few months, the presumption is that it was someone who's running a single machine at their house. In this case, however, it was someone who had rented a large amount of hashrate (mining power) to the tune of 260 petahashes/second. How much mining power is that? Well, the beefiest machines that a home miner would be running these days is in the ballpark of 200 terahashes/second. That means this person was running over 1000 machines when he found this block. How much would that cost to run? Well, if you have typical PA residential power costs, about $13k/day. The solo mining pool they used, soloCK pool, suspects that they were renting the hashrate. Although this person found a block, it's doesn't quite have the same panache as when someone running one machine at their house finds a block. Interesting nevertheless. Don't understand what bitcoin nodes are, or why people run them? Don't understand how bitcoin mining works? Coming to a meetup and chatting with bitcoiners is a great way to learn these potentially intimidating topics. And, we have things to learn from you too! Every bitcoiner's path is unique, and every bitcoiner started out as a humble nocoiner. Hope to see you on Sunday! ~Lonelypumpkins Central PA Bitcoiners nostr:nprofile1qqsww0ncvgjvdxzzzraplst3f5v2zcuq2eg8szmre5uu5zgp8npwmnqpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uqknp0t

2010-13...Bitcoin Savings & Trust...don't worry, we have the BTC (was a ponzi) 2013-14...Mt Gox, Cryptopia...don't worry, we are bigger bitcoin companies than ever before, more regulated, and have the BTC (ran a fractional reserve exchange; got hacked) 2015-21...Bitfinex, Quadriga CX......don't worry, we are bigger bitcoin companies than ever before, more regulated, and have the BTC (got hacked for 120k BTC, paid for via bail-in from customers, which was a 36% haircut on balance; one man held all the keys and died under bizarre circumstances) 2022...FTX, Blockfi, Celsius...don't worry, we are bigger bitcoin crypto companies than ever before, more regulated, and have the BTC/shitcoins (bought sponsorships and Bermuda real estate with customer fiat rather than BTC/shitcoins; ran fractional reserves) 2023-2026...???, ???, ???...don't worry, we are bigger companies than ever before, more regulated, cozy with politicians, and have the BTC. Also, proof of reserves are bad because then people can attack us for the bitcoin that we say we own.

https://bitbo.io/news/jpmorgan-bitcoin-etf-access/ "We are going to *allow you* to buy bitcoin." That says it all, folks

Rediscovering Opeth, spending some time digesting albums outside my past history of Deliverance/Ghost Reveries/Watershed. Working on Heritage now...taking a few listens, and it's definitely growing on me.

Favorite passage in "Bitcoin: 1/🤡🌎" so far... "Many battles, verbal and physical, are fought over fruitless causes. Make sure the hill you're prepared to die on has a valley worth living in beneath it. Finding something worth fighting for is what makes living worth dying for." h/t nostr:nprofile1qqsf9jl9scw0c5snmkylpfhkppzgd7z7dupul6ms5yl52kfcz9jr8wqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qyv8wumn8ghj7un9d3shjtnndehhyapwwdhkx6tpdsrwnevq nostr:nprofile1qqsymrmayr3t54hru0q5w4pfxn6s4pz6j7q60ugsxutajk2ahs0dh8gprpmhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0qy88wumn8ghj7mn0wvhxcmmv9uqjqamnwvaz7tmwdaehgu3dwfjkccte9e3xjarrda5kutnwd9hx5cf0sugfjm