Was walking barefoot in the park today and bumped into a longtime acquaintance who has long been a snide Bitcoin sceptic. He revelled in pointing out every Bitcoin dip in the last bear cycle, knowing we’d bought at previous cycle ATHs. He noticed my bare feet and said in his snide tone … “oh, so you’re one of those people” I smiled and happily replied, “Yes, healthy and rich! Go figure…” I’m still smiling!

*The energy force

The Sun is to Life what Bitcoin (money) is to Society… the life blood.

Nevermind @Danny Knowles , @walker has recently put out the podcast I was hoping for with Bob Burnett… the only thing they didn’t cover is, if non profit imperative nation state miners push out corporate miners in the short term? Thanks @walker great pod.

Apple Podcasts

BITCOIN MINING CENTRALIZATION & NATION-STATE GAME THEORY | Bob Burnett (THE Bitcoin Podcast)

Podcast Episode · THE Bitcoin Podcast · 24 January 2025 · 1h 52m

Hey @Danny Knowles , I’d love to see an episode discussing state dominance of Bitcoin mining. This is my thesis of the next epoch of b mining. Nation states ape into mining to secure their ability to transact on the network. Game theory at play to avoid any nation state gaining dominance which would allow transaction censorship. Nations use socialised losses fiat money to fund operations aka no need to be profitable thus corporate miners (with a business imperative to be profitable) are forced out of Bitcoin mining (and maybe pivot to AI data centres. All mining now exclusively done by nation states, home miners and ‘offset’ miners (those without profit imperative or who are generating profit from primary business function. This plays out only so long as fiat is acceptable as money… not too long, maybe a decade or two. I’d love a deep dive on the question, can nation state mining dominance break Bitcoin? If thy enemy of thy enemy is thy friend and Bitcoin is the enemy of all nation states’ power over their people. Could all nation states (jointly with global Bitcoin mining dominance) eventually collude to destroy Bitcoin. I wonder could this potentially be the next step game theory (3) playing out? Right now I see 2 global game theories at play. 1. As per mining discussion above 2. BRICS nations (an alliance of enemies) colluding to break US dollar dominance. Possibly and ironically using Bitcoin to achieve this end. (You could also argue 1&2 are the same play) #austrich

Anyone posting cat videos or photos of food (except steak) will be muted. You have been warned! How good is curating your own feed?

Apple Podcasts

Read_862 - Full Steam Ahead: All Aboard Fiscal Dominance

Podcast Episode · Bitcoin Audible · 14 January 2025 · 1h 26m

This one is excellent. Thank you @npub1h8nk...rpev who makes these articles so accessible by reading them. It means I can multitask and thus do not need to find extra time in my already busy day to assimilate this quality information.

Has Bitcoin just become, thy enemy of my enemy, is my friend, for the BRICS alliance? Has getting out from under the global financial dictator (U.S.A.) become more important than holding onto dictator powers in their own nations?

After diving down the Bitcoin rabbit hole and re-emerging with a new paradigm it took me a while to be able to step back into my old paradigm and see things through my old eyes and through the eyes of my pre-Bitcoin friends and family who thought of Bitcoin as an investment similar to company shares. When I did, I laughed out loud at how ridiculous I must look through their paradigm. Imagine if you told everyone you were going to travel locally, interstate or internationally to meet up with a bunch of strangers who, almost instantly, become some of your favourite people on the planet, to discuss BHP shares for hours/days on end and have the best time EVER doing it. Once I had that moment of understanding it gave me the empathy and patience to explain to pre-Bitcoiners that Bitcoin is not an investment. Bitcoin is a base layer shift in the protocol of inter-human communication. What is Bitcoin communicating? Value.

It’s feels so good! I just muted 2 Nostr accounts. The first for posting a food image, that wasn’t steak. The 2nd for posting an image of kittens.