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Mags
mags@nostrverified.com
npub1tjyl...0e9k
Bitcoin mining, custody, & memes ๐Ÿซก. Advisor PRTI โ›๏ธ. Energy, carbon & economic dev policy. Volunteer firefighter ๐Ÿš’
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Mags 8 months ago
7.5km 18.7k steps One incredible view image Bonus pic :) image
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Mags 8 months ago
๐—ง๐—ต๐—ฒ ๐—ณ๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป-๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—บ๐—ถ๐—ป๐—ถ๐—ป๐—ด: ๐—ฎ ๐˜€๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฐ ๐—ฝ๐—น๐—ฎ๐˜†๐—ฏ๐—ผ๐—ผ๐—ธ ๐Ÿญ. ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ ๐—ฑ๐—ผ๐—บ๐—ฒ๐˜€๐˜๐—ถ๐—ฐ ๐—ต๐—ฎ๐˜€๐—ต๐—ฝ๐—ผ๐˜„๐—ฒ๐—ฟ. Treat mining like any other strategic infrastructure. Incentivize domestic mining companies by lowering regulatory/administative burdens. Development of joint gov/private projects on stranded hydro, flare-gas or wind-curtailment sites. ๐Ÿฎ. ๐—˜๐˜€๐˜๐—ฎ๐—ฏ๐—น๐—ถ๐˜€๐—ต ๐—ฎ ๐˜€๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐—ฝ๐—ผ๐—ผ๐—น. Even a small pool guarantees block templates free from external censorship and ensures the governments' and its citizens' transactions are included in blocks. ๐Ÿฏ. ๐—™๐—ผ๐—ฟ๐—ด๐—ฒ ๐—ฝ๐—ผ๐—ผ๐—น ๐—ฎ๐—น๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒ๐˜€. Pacts with allied pools can backstop national capacity during fee shocks. ๐Ÿฐ. ๐— ๐—ผ๐—ป๐—ถ๐˜๐—ผ๐—ฟ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ-๐—น๐—ฒ๐˜ƒ๐—ฒ๐—น ๐—บ๐—ฒ๐˜๐—ฟ๐—ถ๐—ฐ๐˜€. Observe for signs of exclusion, censorship, or manipulation within the network - eg a pattern of omission may signal selective censorship or regulatory compliance to foreign policies (eg OFAC). Track template distribution and orphan-block rates for early signs of censorship, manipulation or collusion attempts.
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Mags 8 months ago
Vanguard: No Bitcoin for you Also Vanguard: Hereโ€™s a hot new bond ladder and a brochure from 1995 image
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Mags 8 months ago
The next breakout company will solve the problem of subscription overload. A one-time fee. I just want to own things again
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Mags 8 months ago
The alternate timeline where North Korea becomes a quantum powerhouse so it can hack Satoshi's coins or vulnerable Bitcoin addresses
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Mags 8 months ago
๐—•๐—น๐—ผ๐—ฐ๐—ธ๐˜€๐—ฝ๐—ฎ๐—ฐ๐—ฒ ๐˜„๐—ฎ๐—ฟ๐˜€ Bitcoin blockspace and hashrate will emerge as strategic resources on par with airspace and maritime lanes: essential infrastructure for exercising financial sovereignty and a nations ability to access global commerce and trade Without access to blockspace, users cannot send or receive Bitcoin. Hashrate secures access to blockspace. Thus, nations that pair domestic Bitcoin mining with sovereign mining pools (or allied pools) will ensure: 1. Censorship-resistant payment rails for their citizens 2. Insurance against economic warfare or sanctions 3. A new export industry: blockspace Nations that ignore this new domain risk discovering that future sovereignty... will be settled one block at a time
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Mags 8 months ago
Canadians elected a Globalist central banker. A prominent advocate of CBDCs. The antithesis of a bitcoin advocate. The silver lining? For Carney's term, Canadians have been given the opportunity to understand exactly why they need Bitcoin more than ever
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Mags 8 months ago
Bitcoin mining offers 4 strategic advantages to nations: 1. Energy security: infra development & grid stability 2. Financial independence & national security via hashrate & blockspace control (can't censor a country or its citizen's from transacting) 3. Economic sovereignty for traditionally resource poor nations (no minerals, oil or gold) by allowing them to stack a digitally scarce resource 4. Socioeconomic/env benefits: economic development & jobs & methane reductions
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Mags 8 months ago
"๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ณ๐—ถ๐˜…๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€": ๐˜๐—ต๐—ฒ ๐—”๐—œ ๐—ฒ๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป Bitcoin mining is a bridge to an energy & technology abundant future. The International Energy Agency estimates AI electricity consumption is set to more than double by 2030, & the US is projected to represent about half of this growth. How will we feed the new tech beast? image โ‚ฟ/accelerate ๐Ÿค๐Ÿป e/acc Bitcoin mining presents a novel way to subsidize our energy systems. Mining is built on Proof of Work & an elegant system of economic incentives. Economic incentives are built in to lower cost, maximize revenue, & optimize resources. Mining is very resource-intensive: it requires substantial computing power to meet the cryptographic rules which secure the system & electricity represents ~80% of operating costs. Bitcoin miners seek out cheap energy sources globally & they are location & energy source agnostic. As a result, miners are anchor tenants for new energy generation that wouldnโ€™t otherwise exist in rural sites where traditional industrial or commercial customers are unavailable. They also subsidize generators that are transmission constrained (eg, renewables in Texas). This is where the magic happens: aligned incentives. Miners provide a predictable revenue stream, helping get public infrastructure projects over their hurdle rates & recieve cheaper power (vs the grid). In this way, Bitcoin mining rewards fund the build-out of electrical infrastructure through a third pocket, where traditionally it was paid for by the ratepayer pocket or taxpayer pocket. As consumer demand for power grows in a community (including for AI datacenters), Bitcoin mining can be decreased or removed entirely, but fundamentally, it enabled critical energy infrastructure to be built out. In this way, miners support existing renewables with excess generation & the construction of new sites (and not just renewables) around the world. It's already happening with large miners in the US, Gridless in Africa, & Volcano Energy in El Salvador. And this is not stopping. Furthermore, some Bitcoin miners are shifting towards AI. Miners are uniquely positioned as they already operate large-scale, power-intensive infrastructure & have the right experience. Retrofitting mining facilities for AI workloads (esp hosting GPUs) is often faster & cheaper than building new ones. Thus, infrastructure that was built out for mining is being reallocated to AI (eg Core Scientific) & likewise wrt new energy sites being developed with mining originally in mind (eg Crusoe). Lastly, Bitcoin miners are the perfect demand response participant. The best DR participants are large loads with a consistent draw & that can turn off (curtail) for any amounts of time. AI is a much less curtailable load. In this way, miners help balance the grid & provide grid stability, particularly during extreme events (see Texas storms & Riot). This is why Bitcoin mining is a ENERGY & NATIONAL SECURTY issue. It's about ensuring we can build an abundant & reliable energy system for a prosperous future. image
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Mags 8 months ago
Blessed are the humble, for they will inherit the earth Stay humble, stack sats image
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Mags 8 months ago
Home for Easter. Got to check in on my dad's mining fleet! ๐Ÿซถ๐Ÿผโ›๏ธ Braiins BMM & Bitaxe
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Mags 8 months ago
Bitcoin: iykyk image Source: Blackrock
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Mags 8 months ago
Listening to my spouse singing a made up song under his breath ๐ŸŽต HODL, HODL, HODL, we're going full throttle The Bitcoin reserve, because Republicans have nerve You should buy, or else you'll die... (poor) ๐ŸŽต ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ
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Mags 8 months ago
What type of bitcoin-based vibecoding integrations exist (beyond chatbots) for Nostr, lightning payments, wallets, etc? Who is building these tools? Cc: @Vitor Pamplona @jb55 @preston
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Mags 8 months ago
Trump to launch a monopoly-like crypto game... Bitcoin had better be the Boardwalk, railroads are digital payment rails like the base layer, lightning & liquid, & ofc it needs a "go to jail" for crypto scams!
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Mags 8 months ago
> grabs a bottle of No More Tears Shampoo > checks portfolio
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Mags 8 months ago
On weathering Bitcoin price image
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Mags 9 months ago
๐—จ๐—ฆ ๐—ง๐—ฟ๐—ฒ๐—ฎ๐˜€๐˜‚๐—ฟ๐—ถ๐—ฒ๐˜€, ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ ๐—–๐—ต๐—ฎ๐—ผ๐˜€ & ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—•๐—ผ๐—ป๐—ฑ๐˜€ In his 2025 letter to shareholders this week, Blackrock's CEO warns, โ€œThe U.S. has benefited from the dollar serving as the worldโ€™s reserve currency for decades... If the U.S. doesnโ€™t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.โ€ image A factor driving the trade war (or at minimum indirectly benefiting from it) is the looming refinancing "wall" faced by the US, with approx $14 trillion in federal debt maturing over the next three years. image In January, 10-year Treasury rates hit 4.8% โ€” these rates would have meant high interest expenses from debt refinancing (compared to the last decade). Cue, the trade war. It's indirectly influencing debt refinancing in 2 ways: 1. Flight to Safety: Heightened economic uncertainty tends to push global investors toward safe haven assets, like US treasuries. And increased demand for Treasuries drives down yields lower 2. Economic Slowdown: prolonged trade conflict can create global economic concerns, causing central banks (incl. the Fed) to reconsider rate hikes & even implement rate cuts, reducing borrowing costs further And viola, with the chaos of the trade war, the 10-year Treasury yield dropped below 4% today. Lower 10-year yields mean lower future refinancing costs, helping the US gov manage its refinancing wall. But, this is a piece in solving for the massive debt puzzle. image ๐—•๐—ถ๐˜๐—•๐—ผ๐—ป๐—ฑ๐˜€ There's an alternative โ€” or parallel โ€” path to manage interest payments without inciting market chaos: Bitcoin-backed bonds. In a new Bitcoin Policy Institute report, Andrew Hohn & @npub128tl...fadp propose "Bitcoin-Enhanced Treasury Bonds." They recommend that 90% of bond proceeds finance standard gov operations or refinance existing debt, & 10% be allocated toward acquiring Bitcoin to establish a Strategic Bitcoin Reserve. By issuing these bonds at a significantly lower interest rateโ€”such as 1% compared to current ratesโ€”the gov can substantially cut its debt-servicing expenses. Furthermore, considering Bitcoinโ€™s historical performance, BitBonds have the potential to considerably reduce or even eliminate the federal debt burden over time. Adopting Bitcoin-enhanced bonds could thus offer the US a financial advantage, aligning debt management with a new era of fiscal and monetary policy.
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