Central Pennsylvania Bitcoiners's avatar
Central Pennsylvania Bitcoiners
npub1uul8...wevx
A #Bitcoin focused group located in Pennsylvania. Join us at one of our BitPlebs events on the 3rd Thursday of the month
Central Pennsylvania Bitcoiners's avatar
Central Pennsylvania Bitcoiners 1 year ago
Join us for Bitcoin and Coffee! Our next meetup will be at tomorrow 1:00pm EST (November 24) at Denim Coffee in Mechanicsburg, Pennsylvania! We hope to see you there!
Central Pennsylvania Bitcoiners's avatar
Central Pennsylvania Bitcoiners 1 year ago
Greetings Central PA Bitcoiners! Next meetup is at 1pm this Saturday, Nov 9th, at the Simpson Library in Mechanicsburg. This educational meetup will be geared towards what steps one can take to improve their financial sovereignty. Beginners welcome! Topics: What does it mean to increase one's sovereignty? What is the staircase of sovereignty? What does it mean to get off zero? The importance and significance of getting off zero Approachable steps that incrementally increase sovereignty What is a seed phrase? What makes them so powerful? Ideas for leveling up your skills and setup Thoughts on how to approach holiday conversations with family when you feel that itch to orange pill Hope to see you there! @Lonelypumpkins Central PA Bitcoiners
Central Pennsylvania Bitcoiners's avatar
Central Pennsylvania Bitcoiners 1 year ago
Greetings Central PA Bitcoiners! Two meetups lined up for November: an educational meetup on Saturday, Nov 9th, and our monthly coffee meetup on Sunday, Nov 24th. See below for a sneak peak of Nov 9th meetup. After 6 months of chop, the exchange rate of bitcoin against the US Dollar is approaching its former ATH (all-time high). The ATH has already been breached when measured against other fiat currencies, and exceeded 100k Canadian Dollars yesterday. Keep in mind the shortcomings of these fiat measurement tools, though. Fiat currencies, due to constant debasement, AKA legal counterfeiting, bleed value continuously. Imagine if other measurement tools that we rely on constantly changed in value! For example, say your height is 60" this year, and next year it's 63". This wasn't because you actually grew, though...it'd be because the length of an inch keeps insidiously getting smaller. Imagine if a carpenter were building you a house, and that when he showed up every morning to work on it, the length of each inch on his measuring tape decreased by some inconsistent amount overnight. How do you think that your house would turn out? Value is subjective, and the fluctuating value of a thing can only be measured against the fluctuating value of another thing. Another way to measure bitcoin's value would be against assets scarcer than fiat currencies. Some examples are stocks (the S&P 500), precious metals (gold), or residential housing (the Case-Shiller Index). When measuring bitcoin's value against these scarcer assets, we've still got a bit to go before we eclipse the ATH, set for each of these in 2021. Compared to three years ago, we're still 24% under the ATH priced in stocks, 38% under the ATH priced in gold, and 16% under the ATH priced in houses. Keep staying humble, and keep stacking sats. ------------------------------------- The Nov 9th educational meetup will be geared towards what steps one can take to improve their financial sovereignty. Beginners welcome! Topics: What does it mean to increase one's sovereignty? What is the staircase of sovereignty? What does it mean to get off zero? The importance and significance of getting off zero Approachable steps that incrementally increase sovereignty What is a seed phrase? Why are they so powerful? Cold vs hot storage Ideas for leveling up your skills and setup Hope to see you there! @Lonelypumpkins Central PA Bitcoiners
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Central Pennsylvania Bitcoiners 1 year ago
Greetings Central PA Bitcoiners! Subject Title: Meetup This Sunday; Then They Fight You Our monthly coffee meetup is this Sunday, Oct 27th, at Denim Coffee in downtown Mechanicsburg. Come join us at 1pm!
Denim Coffee
Denim Coffee - Mechanicsburg, PA
*OPEN NORMAL HOURS NEW YEARS DAY* 36 W Main St Mechanicsburg, PA 17055 HOURS:Mon-Fri 7:30am-3pmSat & Sun 8am-3pm Phone:  717-971-4693 Interest...
 This is the second time I've used "then they fight you" in the Subject Title. The first time was in April of this year, and it was referring to the arrest of the Samourai developers. There were some news items this week that evoke that same notion. ECB economists publish a paper attacking bitcoin
The Daily Hodl
‘True Declaration of War’ – Bitcoin Veteran Says Gloves Are Off After ECB Publishes Paper Attacking BTC - The Daily Hodl
Bitcoin veteran Tuur Demeester says a new European Central Bank (ECB) paper on BTC is a "declaration of war" on the top crypto asset.
 Italy proposes plan to increase capital gains on bitcoin from 26% to 42%
Decrypt
Italy Reveals 62% Increase in Bitcoin Capital Gains Tax - Decrypt
The Italian government has proposed a capital gains tax jump on Bitcoin and other crypto assets, rising from 26% to 42%.
 Minneapolis Fed suggests banning or taxing bitcoin to sustain deficits
Minneapolis Fed Suggests Banning or Taxing Bitcoin to Sustain Deficits – Bitbo
A Minneapolis Fed paper suggests taxing or banning Bitcoin to help governments maintain permanent deficits.
 The hypocrisy is off the charts with these. In the first one, the argument is made that early bitcoin adopters are getting rich and capturing wealth from later adopters, in a zero-sum scenario. Of course, this is not zero-sum, and it's how holders of any capital asset are compensated for their risk and correct choices. People who bought AAPL at $1/share 20 years ago are able to realize profit due to the buyers that value it more than that now. Likewise, today's asset buyers will profit in the future if future buyers value it more than they do now. A wonderful juxtaposition with these news items is a recent video which compares the current Bitcoin-focused pushback to pushback against past disruptive technologies, entited "Bitcoin and the Death of Energy Misinformation" on Swan's YouTube channel. There is a long history of instances where the old guard attempts to FUD the thing that's disrupting them. For example, the bicycle came to prominence in the 1890's, and disrupted several existing industries: horse and buggy, riding apparel, railway, and public transit. A newspaper article was written that claimed "the bicycle to be the most dangerous thing to life and property ever invented". The bicycle since has become the most ubiquitous means of mechanical transportation worldwide. Lastly, I'll leave you with this gem of a video I recently came across called "Six reasons to withdraw your bitcoin from exchanges" by Arman The Parman. My favorite is reason #6: "Unless you take coins into your own custody, you will never fully appreciate how bitcoin works. If you don't appreciate it, you won't buy enough of it, and this you will regret." Reminds me of the saying "let your education drive your allocation". Enjoy the rest of your week, friends. Hope to see you on Sunday! @Lonelypumpkins Central PA Bitcoiners
Central Pennsylvania Bitcoiners's avatar
Central Pennsylvania Bitcoiners 1 year ago
Greetings Central PA Bitcoiners! We have two meetups scheduled for the coming weeks...our monthly coffee meetup at Denim Coffee (1pm every fourth Sun (Oct 27th)) and our quarterly educational meetup at Simpson Library (1pm on Sat Nov 9th). The Nov 9th educational meetup will be geared towards what steps one can take to improve their financial sovereignty. Beginners welcome! Topics: What does it mean to increase one's sovereignty? What is the staircase of sovereignty? What does it mean to get off zero? The importance and significance of getting off zero Approachable steps that incrementally increase sovereignty What is a seed phrase? Why are they so powerful? Cold vs hot storage Ideas for leveling up your skills and setup Whether you prefer a coffee shop hangout type meetup, an educational meetup with a presentation, or both, CPAB has a meetup for you. @Lonelypumpkins
Central Pennsylvania Bitcoiners's avatar
Central Pennsylvania Bitcoiners 1 year ago
Greeting Central PA Bitcoiners! Our next gathering is going to be a coffee & bitcoin meetup at Denim Coffee in downtown Mechanicsburg. Please join us this Sunday, Sept 29th at 1pm for a fun hangout. Hope to see you there! Some recent news items of interest: NYDIG's Ross Stevens argues that Bitcoin, as speech, is protected under the first amendment. There was a great interview featuring Ross in early 2021...worth a listen or re-listen. The Kingdom of Bhutan has revealed that they're stacking sats on a massive scale. They've mined over 13k bitcoin so far, making them the fourth largest government holder of bitcoin. And, unlike their contemporaries, they actually mined their sats! The Fed cut the Federal Funds Rate to 4.75-5%. This marks the first time the Fed has cut rates in 4 years. Many bitcoiners suspect that their grandchildren will ask them some day in bewilderment, "wait, the price of money used to be decided upon by 12 people and there was this whole announcement ceremony, like how people wait to see if Punxsatawney Phil sees his shadow or not?". That last part may have been PA-specific :-) Hope to see you at the meetup! @Lonelypumpkins Central PA Bitcoiners
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