Global Bitcoin coworking satellites. A home for Bitcoin-native builders, entrepreneurs, and enthusiasts.bitcoinworks.co.uk WorldwideJoined September 2024
After a bit of a timeout, we're back! Now running coworking satellites in Dubai 🇦🇪 as well as Edinburgh 🏴
Today we kicked off our first global online monthly meetup (via Telegram video) in case you want to join: t.me/+AqjfWVbLlaEyY…
FYI, I'll be saying a quick hello before letting you in!
Last year I founded a Bitcoin venture capital firm
Today we published the first comprehensive #bitcoin Ecosystem report
30k words over 150 pages
If you want a comprehensive & technical overview of everything happening in #bitcoin – this is it
Link below in the comments:
This is just like the 2010s cloud rush—everyone jumped in, thinking it was the smart move, and later realised running their own hardware was cheaper and more sustainable. Looks like miners on Foundry are sleepwalking into the same trap. The fees they’re paying and the compliance overhead are a massive drain on future growth. Maybe losing money is the only thing that wakes them up. Who’s going to step up and show these miners just how much they’re leaving on the table? @compass_mining?
So we're regularly noticing how unacceptably large Foundry has gotten and it would be good if Bitcoiners in general understand why we are where we are.
First, let's talk about what it is pools actually do, starting from the theoretical going all the way the practical.
In theory
Put yourself in Trump's shoes.
You learn about Bitcoin and you want some. You also learn that people can create their own cryptos and pump them. You try it out with World Liberty Financial - it works, to an extent.
You learn that meme coins are what work best. Your personal
A memecoin is a zero-sum* lottery.
There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything.
* It’s actually negative sum if the platform takes a cut.
Great talk at Bitcoin Works Meetup today about education through the lens of Bitcoin! 📚👨🏫 Power to the schools who teach about the wonders of real capitalism, high time preference societies, and how to truly add value to this beautiful world 🌍🌎
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No internet required 📡
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