satstackingpleb.bsky.social
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I'm buidling a Solar Bitcoin Mining Skoolie and selling my house in 2027 to go nomad. đâď¸âď¸
Eventually to retire in an Earthship. đđ˘
163 posts
89 followers
72 following
Getting Started
Active Commenter
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Bitcoin's value isn't tied to credibility. It operates on transparency and decentralization, unlike traditional banks where illicit transactions might be hidden. This openness is what makes Bitcoin unique.
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Paul Krugman is just full of L's
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đ¤đť
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Did you know that illicit transactions at the volume of 2-5% of global gdp flows through financial institutions annually, and only up to 0.2% is caught?
And that Bitcoin is used by people escaping financial oppression under authoritarian regimes?
www.journalofdemocracy.org/online-exclu...
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it won't
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More than that.
Oppressed women in Afghanistan, the unbanked, the global south oppressed by the American war machine pillaging resources from them.
www.businessinsider.com/afghanistan-...
bitcoinmagazine.com/culture/bitc...
www.chainalysis.com/blog/africa-...
humanprogress.org/bitcoin-brou...
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Nah.
He is beholden to and a product of fiat money and is feeding you bad info.
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Sure. Bitcoin is a tool for everyone.
You are only excluding yourself.
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Ugh, Paul? Not a good source of info Iâm afraid.
Ok letâs do this. I bet we can agree criminals have been using the dollar for the last century in the conduct of their crimes.
And then letâs look at an example on the other end of the spectrum please.
bitcoinmagazine.com/culture/bitc...
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A person should not have to be an accredited investor in order to save money.
We are here to change that.
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Understood. You are forced to âinvestâ because you canât âsaveâ.
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And I fear you will stay poor with your ânecessaryâ inflation.
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Because they canât stop it, the only thing they can do is attempt to capture of much of it as they can. Hence the SBR bill.
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So youâre cool with a target theft rate of 2%?
And we both know itâs been greater than 2% in the last few years.
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I already ran under the Bitcoin tree and itâs fantastic under here where my savings is not being inflated away.
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Goods and services.
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Here check this out⌠www.forbes.com/sites/ansell...
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2025 is going to real nice for those who did the work prior.
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Old FUD. We ainât worried.
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Operative word: âyetâ
The us gov is insolvent and the dollar is dying.
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The vast majority of people do not live in countries with reserve currencies, and most live under corrupt authoritarian regimes with oppressive capital controls and outright theft. Bitcoin is a lifeline for millions.
www.amazon.com/Check-Your-F...
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True! No one knows the future. We can only analyze past data, create a mathematical model that describes itâs behavior very closely, backtest the model against the old data and watch the new, incoming data continue to fit the power law model. Other than that itâs just a guess!
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I think youâll like this use case⌠bitcoinmagazine.com/culture/bitc...
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I think youâll like this use case⌠bitcoinmagazine.com/culture/bitc...
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You can acquire by exchanging fiat currency for it on exchanges, P2P exchange for goods or services, or mine it and use the waste mining heat to heat the home in the winter.
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Bitcoin miners do not emit greenhouse gasses or waste.
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To interpret what you said:
âI donât think fair money for the debanked is worth energy. But Iâll keep spending the dollar that is backed by murder and resource pillaging.â
Also, check this outâŚ
www.forbes.com/sites/greats...
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Losing 50% purchasing power every 7 years is not stable.
Bitcoin is immutable law set and governed by permissionless decentralization. As more figure this out, the value of the network will rise against endless credit expansion.
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Losing 50% purchasing power every 7 years is not stable.
Bitcoin is immutable law set and governed by permissionless decentralization. As more figure this out, the value of the network will rise against endless credit expansion.
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Not gonna happen. Dump it and acquire âżitcoin.
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* Bitcoin to replace the dollar.
Would be ideal.
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Good. You should be worried about the banks not having the money.
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Quite smug in your incorrectness sir. But good try!
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âżitcoin does the backing now.
If you truly want your questions answered:
Proof of work requires real word cost in resources converted to electricity to find the next nonce and generate the âminedâ coins.
The decentralized code and node runners enforce the rules of the program.
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âżitcoin is not a rigged system, it is a decentralized protocol
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Yes. Every investment is bought with a view for its value to increase. Who the fuck buys something with an expectation it will be worth less?
A Ponzi requires a centralised authority to provide guaranteed payments to earlier investors.
Bitcoin doesnât have a central authority or an ability to pay
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They arenât tho. Itâs ok, none of us understood it at first.
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www.pnp.co.za/c/bread-and-...
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Ok
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Donât need your luck. I have math, science, and network adoption going for me.
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Yes. Just not at Walmart yet.
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New participants entry is not required for network functionality. Review your definitions.
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transferred into the network
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đŻ
review the video and you see the big bad orange man doesn't even touch the phone because he has no idea what is going on