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Looking on Linkedin, Fidelity is hiring Bitcoin miner engineers. Doing some further research it turns out they are hosting miners with a big colocation start up building mines around the us. First colo is 300mw and I think in Georgia. The job listings here are for other cities. Very cool.
03-19 13:25 - 'Good job a shit load of Tether dollars have just been printed, I mean come on scam or what miners desperate for price rises and there you go a load of new Tether tokens. / Where is the value in Bitcoin 😂.' by /u/CreepyCranfield9 removed from /r/Bitcoin within 356-366min
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It's easy to claim the "community" is on your side when you rely on a heavily censored sub as your community. The community votes economically. Miners don't vote. They are essentially a futures market for the economic vote because their profit-seeking job is to lead bitcoin to a higher price
Bitfinex has created a futures market for BT1 and BT2 and yet it did so in a way that is asymmetrical when it could have been symmetrical. In other words, the "bet" could simply be that in the event of a hard fork, you can trade your future forked coin now for a different fork. Instead, they chose to make it so that you trade your future coin regardless of whether or not there is a fork (therefore betting on the fork itself), and that also means you will lose if the core chain decides to adopt the fork to prevent being made irrelevant. The censored subreddit /bitcoin and it's propagandists are trying to make it seem that bitcoin can only be called bitcoin if it is upgraded through soft forks rather than hard forks. This is false, and unethical. Soft forks do not give users a choice and they are just as powerful as hard forks. A hard fork actually gives a choice through an economic vote which rational miners would have to eventually follow. Vitalik once demonstrated that you can even increase the coin count beyond 21 million through soft forking. It is just as powerful as hard forking.
Drunk Live Streamer, Ice Poseidon, Exposed for his Ponzi Scheme and Whose House was Raided by FBI Yesterday Reveals How He Stole Credit Cards and Installed Bitcoin Miners (viruses/malware) Because He Was Too Lazy to Get a Job before Streaming
It's not the job of a Bitcoin user/miner/business to conform to how BitcoinCore wants you to use Bitcoin. It's their job as developers to create what users have been asking for - a modest max-blocksize increase to allow for new user adoption.
I've learned a lot by surfing these subs. I internalized it and am really happy with where I am. I wanted to take a minute to pay it forward and distill what I've internalized into first principles. First, a bit on my background. I was always interested in being FI and know that money doesn't equal freedom, but it is an aspect of freedom (if nothing else, freedom from worrying about meeting basic needs). I was saving heavily in my mid 20's but was also working for a nonprofit. I was saving 50% of my income but it honestly wasn't amounting to all that much. I wound up spending about a year teaching myself data science before and after work. I was really motivated by the field and, luckily for me, it turns out to be quite lucrative. I also started skydiving. That meant moving to a shared 1 bedroom apartment with somebody I butted heads with so I could afford it and not overly sacrifice savings goals. That was a tough call because skydiving is expensive, but it also made me much more risk tolerant and a generally happier and less reactive human. Skydiving taught me that most of my fears were unfounded (evolution predisposes you to fear more than you have to) so I geared up for a big life change. When I was good enough at data science, I quit my job in the nonprofit and moved to San Francisco to do a 3 month bootcamp program. Everybody thought I was nuts. That drained my savings virtually down to the last dime (with no debt though). I got my first job in the industry making very little money in a role where I would learn a lot. I loved it and got a promotion in (I shit you not) 2 weeks of being on the job. That was my first 6 figure income. Zoom forward four years and I'm at a major company with a significant equity stake, financially comfortable, and having just bought a home. Not quite yet FIRE but getting close depending on how my company stock does. Obviously everybody's path is different. But principles are more universal. With all that, here are the main principles that lead to my success:
Find the global maximum. I was top of my game in that nonprofit with a relatively good income and title, but I was growing unhappy and knew I wouldn't make my longterm goals. It was a tough call to quit, drain my savings, and move. But I did it and now I feel like I'm in a global personal maximum for life satisfaction, earning, etc. This means longterm thinking
Stay balanced. I almost burned myself out on FIRE multiple times. I started seeing everything as costs. Be scrappy on everything but what makes you most come alive. That's crucial for longterm motivation
The best investments are always in yourself. Active recovery, eduction, socializing, etc. are the best investments you can make. They're bad investments on the short term but great on the longterm
Save on housing until you're ready to purchase a home. My rule was that I'd live with roommates until I had enough for a down payment. When covid happened, I decided I wouldn't buy a place until the market rebounded so I let my investments sit until they rebounded, sold, and purchased a home. Most people lose too much money on housing
Never pay interest. This is an exaggeration but it's the biggest lifetime expense for more people. I pay some interest but both my small car loan and mortgage are below 3% interest. That means, with inflation, my money is likely better in the stock market than paying back those loans. So apart from that interest, I've been lucky enough to manage to avoid it like the plague
Take risks and experiment. Most people are way too risk adverse, scared to place strategic bets. I've lost a lot of money on risky things but have gained so much more in experience. Spending thousands on bitcoin miners in the early days while on a shoestring budget? Lost a lot on that. But it resulted in learning an appropriate way to buy crypto and the net effect was many more thousands of dollars in gains
Have mentors/models. If you don't do this explicitly, you default to modeling your behavior on whoever is around you. Think of who your top models for behavior are (financial, relationship, etc) and figure out what makes them tick. For me it was Mr. Money Moustache, some abundance-oriented technology thought leaders, and some anti-consumer friends who were militant about how owning things doesn't make you happy
Don't defer pleasure. I came to realize that many of my thoughts on retirement were quite Catholic (thanks, dad). In other words, I was deferring pleasure until retirement like my Catholic father was deferring pleasure until the afterlife. Be fiercely present and enjoy today. Finances are only one part of life satisfaction
Have an abundance and growth mindset. Most people think of money as a scarce resource. It's not. Anybody can generate it given enough time and effort. Think big picture and work incrementally towards it rather than accepting the career progression of your peers or employer. Most people underestimate how much employers will recognize a strong sense of drive and personal responsibility
Change is necessary. For the Buddhists, that's the source of all suffering. Do we want to sacrifice the mediocre reality today for the option of a better reality tomorrow? Most people are so change and uncertainty adverse they can't adapt to more beneficial situations. Being open and curious and optimistic about change is necessary, otherwise the mediocre today seems like a better bet or you'll change and then quickly regress. The opportunity cost for change is whatever situation you currently find yourself in. Make sure you're ok with this and have the confidence to course correct if you get in over your head
TL;DR - Reality is malleable. You can achieve whatever you want as long as you take a step back, strategize, and then kick some ass. If you adopt some principles and play the long game, you'll ace this whole life thing Edit: Glad this got so much attention. I feel like I've paid forward the mindset and benefits this sub helped me create. Thanks for being part of that!
[uncensored-r/Bitcoin] Miners are doing a great job on the memory pool! Another level just reached! Keep diggin boys
The following post by brewsterf is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7lvo0h The original post's content was as follows:
[uncensored-r/Bitcoin] not your typical miner, but as long as we can all finally quit our paper pusher jobs
The following post by WintheGym is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7jfbv5 The original post's content was as follows:
It's easy to claim the "community" is on your side when you rely on a heavily censored sub as your community. The community votes economically. Miners don't vote. They are essentially a futures market for the economic vote because their profit-seeking job is to lead bitcoin to a higher price /r/btc
It's not the job of a Bitcoin user/miner/business to conform to how BitcoinCore wants you to use Bitcoin. It's their job as developers to create what users have been asking for - a modest max-blocksize increase to allow for new user adoption. /r/btc
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