RickeyGrimes8PV

bitcoin

nostr client - magstr / blogstr

MichealMathisZRY

Non-custodial channel liquidity needs to be a priority for Lightning businesses & entrepreneurs.

It’s such a crappy experience, downloading the chain, installing the lightning app and attempting your first payment, withdrawal or even channel open and still not finding a route to your node.

Until then, custodial lightning offers the convenient workaround

Girlfriend Finally Got Off Zero -- Advice or Messages for Her?

NicoleRiveraWY2

I have a lightning address attached (WoS). It’s been working well all the time. Last one 3 hours ago. In the last hour keeps giving me this error and sats remain in SN. 

> by "withdraw sats" do you mean auto-withdraw or something else?

Auto withdraw, sorry

BooksAndArticles

<sub>TLDR: No, but if you own bitcoin and can afford to, you should get one anyway.</sub>

# Secure the network.

First off, I'm not mining to heat my house, and I'm not mining to earn bitcoin. I'm not mining out of the goodness of my heart either. I'm mining because I store my family's savings in bitcoin, and mining centralization looks like a real threat to me. I've written about it [here](https://stacker.news/items/629837) and [here](https://stacker.news/items/735779) if you're interested in reading more about why this is so important for average bitcoiners. That being said, I'd like to earn (or at least not lose) bitcoin in the process, and I'd also love to heat my home with it.

![](https://m.stacker.news/62805)

![](https://m.stacker.news/62808)

# Nano 3

In one of the aforementioned posts, I made a stink about how little hash one contributes with a lottery miner and @OT called me out on ignoring hardware centralization concerns with Bitmain. Well, Canaan isn't exactly a small company, and they're not open source, but they aren't Bitmain, and I found a miner that's about eight times as powerful as the virtual signaling[^1] solo miners at about the same cost.

My big find was the Nano 3. It's actually marketed as a space heater with three heating settings. At it's warmest, this guy mines at 4TH/s and uses about 140 watts. So it's about as efficient as a midrange s19, hashes about the a third as much as an s9, and costs as much as a Bitaxe. As a tool for decentralization, I'd say that's a great combo.

Ironically, most of the folks I see talking about it online are shitcoiners that use it to solo mine Bitcoin Cash. I wonder if this phenomenon is culturally turning bitcoiners off to a better decentralizing tool.

![](https://m.stacker.news/62809)

![](https://m.stacker.news/62810)

# Recycled Heat

So, now that I have them, I can tell you from personal experience how they're doing as heaters. Well, they are pushing heat out. However, it's a very small fraction of what my s9s do. They look better in house[^2], and they're significantly quieter (but not silent), but there's no way these guys are going to let me go furnace free this winter like a similar amount[^3] of Bitmain products would do.

#Conclusion

So I don't see the Nano 3 as the silver bullet for home miners. I do, however, think it's a great option and am not at all bummed with my purchase. At my current electricity price, I'll pay them off (even denominated in bitcoin) at some point. But I'm also going back to the drawing board about trying to replace my furnace with miners.

[^1]: totally unfair characterization... I get it. Just trying to make a point with some hyperbole
[^2]: The lighting is also pretty cool. You can make it pulse or strobe, and the full color spectrum is available. They're keep my kids' rooms a LITTLE bit warmer this winter and double as a cool night lite that teaches them about bitcoin. The ones in living areas do the same for guests. I consider these non-trivial features.
[^3]: Similar price too! Most s9s online are about the same price as the Nano 3s.

Nano 3 - Can you heat your whole house with a bunch of 'em?

econ

Has been interesting to see so many territories popping up in the past few months, some brave ones are still trying, but honestly, I cannot see how a territory could be sustainable, imagine it being profitable... atm is utopia!

Just for fun, which territories you think will be the ones being kicked out (not renewed) next month? And what about the ones out next year?

Here the list of current active territories in alphabetical order:

~AGORA
~AI
~alter_native
~AMA
~antifragile
~art
~B2B
~bitcoin_beginners
~bitdevs
~BooksAndArticles
~builders
~charts
~conspiracy
~Construction_and_Engineering
~crypto
~culture
~Design
~devs
~DIY
~Dogs_And_Cats
~earth
~econ
~Education
~Entertainment
~FiresidePhilosophy
~food
~gaming
~health
~history
~ideasfromtheedge
~libertarian
~lightning
~lol
~mempool
~mostly_harmless
~Music
~news
~NixOS
~openagents
~opensource
~oracle
~Ordinals_Inscriptions_Runes
~Outdoors
~Personal_Finance
~Photography
~podcasts
~privacy
~science
~security
~Stacker_Sports
~stocks
~UFOs
~Warhammer

Mention yours below

PS: opinion from territory founders does not count, but your experience and feedback definitely appreciated! Hopefully it will help new coming founders like me better understand the risks of funding and maintain a territory.

@AGORA @antic @AtlantisPleb @BenAllenG @benwehrman @birdeye21 @Bit_Chef @BitcoinOutdoors @bitcoinplebdev @boisechampion @Book_It @ch0k1 @davidw @DesertDave @Design_r @ek @elvismercury @frostdragon @globalmerchantio @grayruby @itsTomekK @jeff @kr @lloyddunne @MadBudha @MaxAWebster @MerryOscar @niftynei @OneOneSeven @oracle @PlebLab @Public_N_M_E @RDClark @siggy47 @softsimon @south_korea_ln @theschoolofbitcoin @TheWildHustle @TNStacker @TonyGiorgio @UCantDoThatDotNet

Which territories will not survive next month? And next year?

https://x.com/Snowden/status/1801610725229498403

![](https://m.stacker.news/35302)

Open AI Appoints Former NSA director to the board

bitcoin_beginners

https://i.imgur.com/bxWe4HP.jpg 

Taproot Assets

BitVM

Ordinals

All these new developments in Bitcoin are unsurprisingly creating a lot of great discussion among bitcoiners.

Many rightfully call out a lot of the BS that these new developments can foster within Bitcoin, but I also think some aren't seeing the forest for the trees, so to speak.

**We all want hyperbitcoinization.**

But what does that entail, exactly? At what point is the world no longer "fiat" and sufficiently "bitcoinized"? 

In my opinion, Bitcoin is just now rolling through the gates of Troy. 

Bitcoin's tech is reaching an inflection point, making it easier than ever for anyone to build on. Unfortunately, that also means shitcoins on Bitcoin and other fiat nonsense are easier than ever to implement.

Coinciding are the numerous spot ETF approvals on the way (more "bullshit"), establishing Bitcoin's presence in the mainstream financial world. You're technically always early to Bitcoin thanks to NgU (actually NgD) technology, but buying Bitcoin post spot-ETF approval is probably one of the first major moments in its history where you could be considered "late" to Bitcoin; if you didn't frontrun the institutions.

https://i.imgur.com/JswzosV.jpg

Whether we like it or not, we're living in the weird fiat-Bitcoin hybrid timeline that Bitcoin **inevitably** has to go through if hyperbitcoinization is to take place. I know it sucks; We can't just flip a switch and jump to a new monetary system overnight. 

_(Okay, maybe the **suddenly** stage will happen overnight, but for now, we have to embrace the **gradually** part.)_

And while we're gradually on the way there, I think it's important to consider:

https://i.imgur.com/JgQHGfo.jpg

I know, not _everything_ is good for Bitcoin. Obviously a global crackdown on Bitcoin instead of what's (probably) going to happen wouldn't be good. Of course shitcoining on Bitcoin isn't good. 

But with every perceived negative I think comes a greater positive to focus on:

- Global regulatory crackdown gives Bitcoin the ultimate test to prove its value to the world. The harder they they try to control it the quicker it slips away from their grasp.

- And some may not agree, but shitcoining on Bitcoin is likely a natural step in Bitcoin's evolution. **We're creating all kinds of financial assets (and not so) on Bitcoin**. If it's gonna consume the financial system and all else, I'd assume that includes whatever irrelevant market share the crypto market tries to hold onto over time.

This stuff is coming to Bitcoin whether we like it or not. Bitcoin doesn't care about you.

Yes, a lot of it may be shitcoin-adjacent. A lot is just straight up shitcoinery. There are indeed active enemies of Bitcoin trying to infect it with nonsense.

Fiat boomers have likened Bitcoin to rat poison. And in a way, it is: Bitcoin is killing off fiat rats all around the world. But from another perspective, Bitcoin is the cure to what's already been poisoned.

Bitcoin is probably gonna get filled with loads of fiat junk over the coming years, **and that is only natural**. Bitcoin was birthed into a sick economy. Bitcoin's immune system is being tested.

And if you think it's already bad, just wait until Bitcoin is fueling the mEtAvErSe economy too (I mean, this wacky western LN stacker station here is just an early stage baby of that, right???).

Yep. It's gonna get cringe as a biological human enjoyer of the natural world. **GO GET MORE SUN**.

But despite the wild weird ride that Bitcoin's on; Don't worry. We're bitcoiners. We believe in it. We believe in decentralization. We believe in consensus of the many, not the few. We believe it's a fundamentally better decision-making system than the manipulated mess we live in today.

So, **lean in**. 

- Yes, stablecoins are arriving to Bitcoin. At last! We can get humanity further away from physical money and closer to digital money. **An inevitable step**, if hyperbitcoinization is to happen.

- Yes, shitcoins are being built on Bitcoin. At last! We can suck the lifeblood out of altcoins at an even faster rate. **An inevitable step**, if hyperbitcoinization is to happen. 

"But don't these developments just exacerbate fiat problems on Bitcoin, which is what we're trying to avoid here, right?"

**That's why Bitcoin is the Trojan Horse.**

We welcome shitcoiners, nocoiners, and all into Bitcoin. Graciously offer it as a freedom protocol to create freely with. Unconditionally support anyone's right to do smart and stupid things with it. Like the internet.

But what the shitcoiners and all fiat statists don't realize -- they're ushering in their own demise.

Just as we make Bitcoin more accessible and palatable to every facet of the world and all of its 8 billion individuals

Just as Bitcoin acquires enough prominence to dominate the world's economic activity

Just as Bitcoin proves that much of today's financial overhead isn't necessary

Is the "suddenly" moment that everyone realizes:

https://i.imgur.com/xwsUNZx.jpg

Any "fiat" incentives that new Bitcoin developments may support will die out via starvation (or turn into something fkn cool i dont know really) along with the rest of the fiat world. it's just a slow bleed out of demand as Bitcoin's renewed incentive structure points human activity elsewhere.

To a bigger and better world. Focused on things a little more basic than money. 

Like c'mon guys, really? Money? Apes... All of you..

Don't get too upset about the bulls***. BITCOIN is the TROJAN HORSE.

Configure a dedicated router with VPN service ⚡️💊

CarmenNorman557

> Governments found a way to shut down centralized miners.

Shut down? No, they will tell them to continue to mine, just not mine on top of blocks that contain transactions that they don't like. 