#showerthoughts

I’m starting to think #BitAxe pool mining actually can be profitable, if you lengthen your time preference sufficiently. Maybe.

One option is the mini-pool/block-party mining endeavors like the one we enjoyed today. We’ll find a block soon enough; just need to stare at our BitAxes with a bit more intentionality.

Math approach: lightly overclock a Gamma to earn ~69 daily sats in a pool with Lightning payouts (nice)…

That’s 25K sats per year. You spent approximately 150K sats on the BitAxe (or around $150 today). Say Bitcoin appreciates 2x over 3 years (75,000 sats at $200K BTC/USD). Hardware cost is now paid for. Another 3 years and you‘ve earned 150K sats (worth ∞ pieces of clown paper at this point in the fiat timeline).

Electricity is negligible — offset it by unplugging your printer when you aren’t using it, or something.

Difficulty adjustments, network hashrate, and hardware improvements/efficiency gains notwithstanding, it’s easy math

In any case, the 69 sats I mined yesterday will eventually pay for my grandkid’s college tuition, so — like I said — just gotta lengthen your time preference.

Thanks to @5eb3fabe and @9fce3aea for inspiring today’s #showerthoughts

There's a good reason why I'm so picky when it comes to cryptocurrency, and that's because I want coins that are unique and don't just copy one another.

Bitcoin is like digital gold in the way that it has always been considered very valuable and limited. It can be spent, but this is not recommended for this reason, much like how most people don't spend gold IRL.

Ethereum, with as many flaws as it has, is the closest to a digital infrastructure due to the capacity to be used for so many things, such as decentralized domains, smart contracts, and DAOs, which in turn can be very beneficial for various purposes, such as arbitration and governance.

Monero is essentially digital cash because it is untraceable by default and does not have the concern regarding fungibility that BTC or ETH have. It is also not limited like BTC is.

These are the reasons why I can have interest in these three coins. If you're going to create your own crypto, then you need to try something that has not been done before. This is why I find it challenging to use something like Dogecoin because it is not innovative enough IMHO. I want assets that do something that has never really been done before.

A lot of people think that I flip-flop on BTC and XMR, but that's not the case. I use both of them, albeit for different reasons. BTC for long-term savings, XMR for short-term savings and spending. Compartmentalization and diversification are key if you want to survive as a cypherpunk, and that is exactly what I'm doing.

I don't do crypto with the aims of getting rich, I do it to benefit my community.

#Agorist #Grownstr #ShowerThoughts #Crypto #Bitcoin #Ethereum #Monero #BTC #ETH #XMR #Cypherpunk #Blockchain #SmartContracts #dApps #DAOs #Technology

This may be the greatest crackpot theory I've came up with, what if the Articles of Confederation are actually still law today?

Apparently both the U.S Constitution and the Articles are considered organic law, meaning they serve as the foundation for all U.S law.

Apparently the words "citizen" and "employee" are synonymous to each other, as proven by 26 USC 3401(c)[1] and a statement by Obama where he said "citizen" was the highest title.[2][3]

Furthermore, the word "State" is defined to include D.C[4] and any territory or possession of the United States.[5] The Buck Act, in particular created a concept known as the "federal zone" and the concept of proper noun States, where D.C effectively created a paper overlay over the 50 states of the Union.[6] Finally, only government employees/citizens are allowed to be in D.C.[7]

So what if the U.S Constitution actually applies only to U.S citizens and the Articles of Confederation applies to common noun state citizens and state nationals? After all, it wouldn't make sense for a non-employee to be eligible for a position like the Board of Directors (Congress) or the CEO (president).

Let me know your thoughts!

[1] https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-1193469614-1504584639&term_occur=999&term_src=
[2] https://www.educatedinlaw.org/2019/03/obama-defines-citizen-as-the-title-of-an-office-in-a-democracy-not-republic
[3] https://obamawhitehouse.archives.gov/blog/2014/09/23/most-important-title-citizen-president-obama-importance-civil-society
[4] https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-80204913-1199109731&term_occur=999&term_src=title:26:subtitle:F:chapter:79:section:7701
[5] https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=3253860d9be88ba8c4b40a650e67f466&term_occur=999&term_src=Title:5:Chapter:I:Subchapter:B:Part:841:Subpart:J:841.1002
[6] https://www.law.cornell.edu/uscode/text/4/110
[7] https://www.law.cornell.edu/uscode/text/19/81o

#Grownstr #ShowerThoughts #Education #History #USHistory #Law #CommonLaw #ConstitutionalLaw #Constitution #Jurisdiction #ArticlesofConfederation

There's one thing about Donald Trump's endorsement of stablecoins that I find ominous:

So if the U.S were to establish a stablecoin as its currency, it would be able to easily freeze funds of any country that gets into a disagreement with him. The company behind Tether itself has already done this.[1][2]. Trump has discussed keeping the dollar's dominance [3], and I think with the new power over U.S currency, he can establish a de facto one-world currency.

There's also another aspect I'm thinking of, and that's where cash may become obsolete as a payment method. Under the current fiat system, with all the flaws it has, at least you can spend it with no traceability with cash. There will be no payment privacy with a Tether-like currency unless it's done using something like Monero or Grin. This is the same reason I think the EU is looking into the digital euro.[4]

I wouldn't be surprised if the U.S imposed limits on the amount of cash you have similar to the law limiting the amount of cash you can take out of the country without having to declare it at Customs.

What do you think?

[1] https://www.theblock.co/post/266872/tether-freezes-all-ofac-sanctioned-wallets-in-proactive-security-measure
[2] https://www.tronweekly.com/tether-freezes-28m-usdt-in-garantex-exchange-causing-it-to-shut-down/
[3] https://finance.yahoo.com/news/donald-trump-calls-stablecoin-legislation-180252368.html
[4] https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html

#Grownstr #ShowerThoughts #Agorism #Libertarian #Antistate #Fiat #USD #CBDC #DigitalID #Privacy #Tether #Bitcoin #Ethereum #Monero #USDT #BTC #ETH #XMR #Trumpstr

#Showerthoughts

Am I totally off? https://video.nostr.build/412155b926d3da6c58e105ec13f9fe15c047b348203a253c7993bce483871990.mp4

I was watching Kitchen Nightmares last night, and I saw a lot of microwave action at this one Italian restaurant.

That got me thinking.

If you run a restaurant, but most of your food is served from a microwave instead of being cooked, does that mean the microwave itself is the chef?

#Grownstr #ShowerThoughts

GM.

Do you think Apple/Google/Waze maps actually show you the fastest route? Or do you think they compare all user data and route various cars on different routes to prevent traffic buildup?

#asknostr #showerthoughts

2% milk is still milk #showerthoughts

#showerthoughts vs #shitterthoughts

@Will2Power feeling thursday #showerthoughts