this episode was so prescient and well done. the first time i started appreciated the risks with a single vendor and the importance of multi-sig.
Replying to @brucefenton
This episode helped a lot of people understand that
xitter.cf/stephanlivera/status/1…
Moving to multi-sig was not easy. But doing so almost two years gave me absolute peace of mind! Highly recommend.
abhi retweeted
The Day I Understood The American Spirit zerohedge.com/geopolitical/d…
abhi retweeted
Mike Green (@profplum99) and I rarely agree on anything, but this piece he wrote is a must-read for every person in business or finance.
One of those things you read and then can't unsee what you learned.
yesigiveafig.com/p/part-1-my…
abhi retweeted
🚨 #BREAKING: Dem. Rep. Robert Garcia just called for “ACTUAL WEAPONS” to be used against Elon Musk in this “fight for democracy.”
This comes after an ad popped up in DC today, CLEARLY calling for the ass*ssination of Musk
Democrats are VlOLENT. The events of this week have made that clearer than ever!
THEY MUST BE CHARGED!
abhi retweeted
RT if you want America’s Digital Asset Reserve to be #Bitcoin only 🔥
Say NO to crypto 🇺🇸
⚡️ SOLD 5 x $NVDA 12/27 123P @ $0.59
Strike price below lower end of Bollinger band.
⚡️ SOLD 1 x $MSTR 12/27 310P @ $4.40
Wait for the FED announcement to trickle through before hitting the trigger.
Happy Thanksgiving @saylor. Made this quick little valuation app for @MicroStrategy to assess the real value of $MSTR!
mstrvalue.com/
Create a $MSTR valuation tool that shows the fair value of $MSTR based on bitcoin/share growth rate! Feedback welcome.
mstrvalue.com/
abhi retweeted
Amidst the noise of degenerate mass produced pixel art riding the Bitcoin hype train, this beautiful work requiring true artistic talent, has used Bitcoin in a much more profound way, by asking the audience to think on a century scale.
Is @lindayacc regretting her Twitter decision as she experiences the product in action?
abhi retweeted
Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea. 🧵
abhi retweeted
‼️BREAKING ‼️
@NYTimesUp featured on @zerohedge
The #StopThePresses 🛑 movement is truly going viral.
Join us in calling on the @nytimes to STOP their tree slaughter NOW.
#NYTimesUp
abhi retweeted
The irony of the art is comical. If people actually want to understand why Bitcoiners are so amused, this is why (2 minute read):
Demand response programs are essential for balancing electricity supply and demand, increasing grid efficiency, and integrating renewable energy sources. Bitcoin mining can contribute significantly to these programs by absorbing excess energy during peak times, providing a sustainable financial system less reliant on traditional fiat infrastructure.
During high electricity demand, supply is often stretched thin, leading to increased costs and potential grid instability. Conversely, during low demand, excess energy, particularly from intermittent renewable sources like solar and wind, can go to waste. Bitcoin mining, with its immediate, on-demand energy consumption, can function as a flexible load that adjusts energy usage based on grid conditions. By participating in demand response programs, miners help absorb excess energy during periods of low demand, acting as a "battery" storing energy in digital currency form. This helps balance the grid and encourages the adoption of renewable and already existing natural energy sources.
In addition to environmental benefits, Bitcoin mining contributes to a more efficient financial system. The traditional fiat-based banking and financial infrastructure require millions of employees, thousands of branches, data centers, and other resources to function, consuming significant amounts of energy. By comparison, the Bitcoin network serves as a decentralized financial backbone, requiring far fewer physical resources and personnel to operate.
Bitcoin's decentralized nature eliminates many intermediaries in the financial system, streamlining processes and reducing overhead costs. Sure, the mining process requires computational power, consuming energy, but the overall energy usage is significantly less than the traditional fiat system.
Moreover, the Bitcoin network operates 24/7, providing near-instantaneous global settlements, contrasting with the slow traditional financial system (which requires trust and centralized powers that can debase the amount of currency supply in the system - which favors a few at the cost of the many), which can take days to clear and settle transactions across borders. The increased efficiency of the Bitcoin network translates to reduced energy consumption per transaction.
The transition to a Bitcoin-based financial backbone could result in significant energy savings, as the computational power needed for mining is less resource-intensive than maintaining the existing financial infrastructure. As the Bitcoin network continues to mature and gain acceptance as a global financial system, its potential to improve grid efficiency and reduce overall energy consumption will become increasingly apparent.





























