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sethforbtc
sethforbtc@sovrnbitcoiner.com
npub1lmql...2ylp
Editor of "The Saylor Series" book by Michael Saylor & Robert Breedlove (and soon to be a course on saylor.org)
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sethforbtc 2 years ago
Alt-religions are to Christianity what alt-coins are to Bitcoin 😉
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sethforbtc 2 years ago
Is there a way to post a poll to nostr yet?
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sethforbtc 2 years ago
From the Yzer app’s section on mining and energy. This is a fantastic and compelling bit of data to show to any Bitcoin-skeptics who are concerned about climate change. image
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sethforbtc 2 years ago
“Even the most ruthless tyrant is limited by moral money.” - Thank God for Bitcoin
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sethforbtc 2 years ago
ANNOUNCING: You can now buy a digital copy of The Saylor Series and pay with Bitcoin totally privately:
Magic Webstore
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sethforbtc 2 years ago
# Testing Out Blogstack ## Metadata - Author: sethforbtc - Category: article - URL: https://test.com ## Highlights This will be my face when I finally figure out how to get Nostr posts to show up in Blogstack. ![](https://s3.amazonaws.com/readwiseio/2022/08/antonio-banderas.gif) Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
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sethforbtc 2 years ago
X (formerly Twitter)
Preston Pysh (@PrestonPysh) on X
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...
 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.
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sethforbtc 2 years ago
X (formerly Twitter)
Preston Pysh (@PrestonPysh) on X
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...
 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.
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