#Bitcoin and #BitcoinDay FUD:
I can't recall the last time anything launched without issues. Nearly all products that have launched in the last 20 yrs has issues on launch day. We release early, fast, and often and then fix it in production.
Join us Tuesday October 19 at 5pm EDT for our Q3 briefing on the State of the #Bitcoin Mining Industry, with an update on hash rate, energy, efficiency, & sustainability metrics, along with briefings from a panel of BTC mining CEOs as well as Analyst Q&A. youtube.lurkmore.com/JPai5uoN2tg
The #ForwardParty is about solutions, positivity and UBI. I will give $1,000 to someone via CashApp/Venmo/PayPal who retweets this post and follows @Fwd_Party. Will pick someone on Tuesday. Let’s bring change and optimism! 👍🇺🇸
Disagreements and differences of opinions often leads to great discussion and knowledge transfers. This yields growth for both individuals and better understanding of your fellow humans. Never stop growing.
2 new Chivo Facts:
1. People are inserting way more USD (to buy #BTC) than what they are withdrawing from the Chivo ATMs (any media outlet can independently confirm this by visiting the ATMs).
2. Today, we received 24,076 remittances, adding up to $3,069,761.05 (in one day).
3/Silicon design is too concentrated into a few companies. This means supply is likely overly constrained. Silicon development is very expensive, requires long term investment, and is best coupled tightly with software and system design. Why aren’t more companies doing this work?
2/Mining needs to be more efficient. Driving towards clean and efficient energy use is great for Bitcoin’s economics, impact, and scalability. Energy is a system-level problem that requires innovation in silicon, software, and integration. What are the largest opportunities here?
Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions.