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#29 Bitcoin's twin revolution

How Bitcoin is unexpectedly rewriting the way humans use energy

Last year, Bitcoin miners flipped to being net accumulators of Bitcoin, 115 years ahead of schedule. This potentially breaks the assumptions of several Bitcoin price models

Last year, Bitcoin miners flipped to being net accumulators of Bitcoin, 115 years ahead of schedule. Many of our price models have now been broken Full interview:

Plenty of billionaires have become successful without meditating it’s true, but Dalio has done it with such a vibe of calmness, humility and intellectual incisiveness.

We are now 2 years in to Bhutan's Bitcoin Strategic Reserve experiment. That means we now hae some good data on how it has affected the economy. For context: Bhutan have formed a large Bitcoin Strategic Reserve by using their surplus renewable hydropower to mine Bitcoin. The IMF warned that nations embracing Bitcoin would destabilize their economy, be less effective at attracting foreign direct investment, and endanger their decarbonizing and environmental initiatives. What does the data say: 1. Bhutan's Bitcoin Strategic Reserve has directly addressed pressing fiscal needs. "In June 2023, Bhutan allocated $72 million from its holdings to finance a 50% salary increase for civil servants" 2. Bhutan was able to "use Bitcoin reserves to avert a crisis as foreign currency reserves dwindled to $689 million" 3. Prime Minister Tshering Tobgay in an interview said that bitcoin also "supports free healthcare and environmental projects" 4. Tobgay also said their Bitcoin reserves helped in "stabilizing [the nation’s] $3.5 billion economy" 5. Independent analysts have now said that "this model could attract foreign investment, particularly for nations with untapped renewable resources" Considering how the IMF analysis was not just wrong, but roughly 180° off target, it begs the question, was the IMF's predictions ever based on data? Or maybe they just possibly had another agenda in predicting the adverse impact of any nation embracing Bitcoin?

The Bitcoin Adoption Forecast #28 is out. Check your emails and spam filters www.batcoinz.com/p/the-big-volatility-dip-part-2

Who’d be interested in attending a Bitcoiners online group meditation session 8-8.30pm Friday (tomorrow)?

Re: home mining, has anyone come across a good solution for 1-3 KW of mining/heating? Setup is an oversized solar array, producing excess electricity (about $800 stored up) The local grid pays 0.18c per KWh and charges 0.24c).

Imagine not just watching the first country on a Bitcoin standard emerge, but being able to say years later "I was there, I was part of the team that did it." Over the years, a lot of plebs have reached out and offer to volunteer some incredible services to me. I wasn't always able to utilize them. But Maya can Why this matters: We have a once in a generation shot of creating a country that runs on a Bitcoin standard. If we miss the Suriname opportunity, another one that fits the profile (small, developing world, Central Bank is just a fiat wallet with no monetary policy function) may not come along for another 10 years. Why that matters: Without a working example of a small country which has moved to a Bitcoin standard, larger nations will be too scared to follow. Why I know I'm right about this: I grew up in NZ (another small country) in the 1980s when was first in the world to deregulate energy, telco and financial markets, fully float the dollar and lower the inflation target to 2%. The rest of the world quickly followed. Sadly, NZ no longer has the same bold political leadership, that epicenter has moved to a small handful of nations in Africa and Latin America, such as El Salvador, and Suriname. But El Salvador has not and is not in a position to progress their Bitcoin revolution to a full Bitcoin standard. They are not in a position to remove their central bank, or replace their dollarized currency with Bitcoin. Suriname is. I regard the work Maya is doing in Suriname right now as one of the most important projects we can dedicate our time and energy to. If you have a skill in organising, campaigning or just are really good at execution, reach out to her. It won't be easy. That which is worthwhile seldom is. And I can't promise that your efforts will bear fruit, but if a shot at tangibly changing the course of not just Bitcoin history, but history, appeals you won't think twice about it.

Bitcoin headlines like this are becoming the new norm in mainstream media now