Banking on Bitcoin

[Lucheska]

Two former presidents tried to launch a new currency

Lincoln issued the "greenbacks" between 1861 and 1865

Kennedy created silver backed certificates through Executive Order 11110, in 1963

Lincoln un-lifed in 1865

Kennedy un-lifed in 1963

In 2009, mysterious Satoshi Nakamoto mines the first Bitcoin block

By 2014 Bitcoin kiosks are available publicly in the U.S.

Who is Satoshi?





"But, it's decentralized!...??"

 

[Rooscooter]

As an investment I'm not really caring about whether or not BTC is allowed to become currency... I'm more interested in what people believe in that respect. Once the ETF's came out BTC has begun to correlate with the markets as a whole. Investor psychology is key to investing.

Right now the inflows into the largest of the ETF's (IBIT) have been steady with some profit taking after the run ups.

The new administration is talking about making it part of our reserve system. That's going to be a big lift as it takes away the power the Federal Reserve was established to gather. Politics and power structures aside, as an investment that will cause more buying IMHO.

I bought the ETF on it's first day (first 15 minutes in fact) and haven't sold a share of it yet. I also have some direct crypto but that's held for a different reason.

 

[Rooscooter]

 

[Chris]

You guys got it all wrong. Should have bought the Hawk Tuah Coin!

 

[Rooscooter]

You guys got it all wrong. Should have bought the Hawk Tuah Coin!

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Naw... it makes me itch and burn....

 

[Lucheska]

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Pump it, Michael

 

[rasband]

Pump it, Michael
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[Reign Mack]

One of my mining rigs just keeps growing, in the process of upgrading my home network as its bottlenecking my 3Gb fibre internet connection. So making the switch to 10Gb network at home this month, most of my network is 1Gb with a few 2.5Gb PC's an validator nodes.

Still working on my cable management

 

[srimes]

One of my mining rigs just keeps growing, in the process of upgrading my home network as its bottlenecking my 3Gb fibre internet connection. So making the switch to 10Gb network at home this month, most of my network is 1Gb with a few 2.5Gb PC's an validator nodes.

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Still working on my cable management
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I was under the impression the mining bitcoin didn't require fast internet, just reliable?

 

[Reign Mack]

I was under the impression the mining bitcoin didn't require fast internet, just reliable?

BTC isn't the only thing you can mine... plus If you have 70 devices doing stuff online, family streaming in 4k and playing games then you want all of that going through a larger pipe!

 

[Lucheska]

BTC isn't the only thing you can mine... plus If you have 70 devices doing stuff online, family streaming in 4k and playing games then you want all of that going through a larger pipe!

It really ties a room together, too

 

[Reign Mack]

It really ties a room together, too

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beats having a fireplace, but they are usually on standby, scheduled wake up once every 24 hours for 30 minutes (i choose 5pm) and a couple of random wakeups each month.

 

[Reign Mack]

 

[Rooscooter]

One of my mining rigs just keeps growing, in the process of upgrading my home network as its bottlenecking my 3Gb fibre internet connection. So making the switch to 10Gb network at home this month, most of my network is 1Gb with a few 2.5Gb PC's an validator nodes.

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Still working on my cable management
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What's the AC looking like these days?

 

[Reign Mack]

What's the AC looking like these days?

This is the UK, we don't build homes with AC here, there are maybe 7 days in July every 3 years where we need AC.

 

[Rooscooter]

This is the UK, we don't build homes with AC here, there are maybe 7 days in July every 3 years where we need AC.

How do you manage the heat from the equipment? I've put AC is IDF and MDF rooms in Butte MT that runs year round for server racks.

 

[Reign Mack]

beats having a fireplace, but they are usually on standby, scheduled wake up once every 24 hours for 30 minutes (i choose 5pm) and a couple of random wakeups each month.

How do you manage the heat from the equipment? I've put AC is IDF and MDF rooms in Butte MT that runs year round for server racks.

 

[Reign Mack]

 

[Lucheska]

"History doesn't repeat itself, but it often rhymes" -Mark Twain


https://blockonomi.com/microstrateg...ion-share-authorization-for-bitcoin-strategy/

*definitely not financial advice

 

[rasband]

"History doesn't repeat itself, but it often rhymes" -Mark Twain


https://blockonomi.com/microstrateg...ion-share-authorization-for-bitcoin-strategy/

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*definitely not financial advice

We have to be nearing the peak, but what do I know. The simulation has injected a lot of chaos.