BitcoinTom 🕊 ₿ @CNet365

Thank you Erik.

Erik @eriklocalhost

2 days ago

weekend project: cypherpunkbooks.com one shelf for books, manifestos, essays, etc... built it for myself to keep everything I want to read and everything i love in one place.

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@bramk Get well soon Bram.

We’ve been on a side-quest, and we have good news from the other side! 40 million Kenyans now have a bitcoin Lightning Address! They didn’t need to sign up for one because they had it this entire time, attached to the phone number in their pocket! Try it: send bitcoin to [email protected] (254 is optional). The BTC arrives as KES in their M-Pesa. ⚡ EVERY M-Pesa number works. All 40,000,000. Wallets with LUD-09 support give you a nice clickable link to see your M-Pesa receipt. For example: bitcoin.co.ke/receipt/6528a4…

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You are absolutely right that token usage will continue to explode and even go significantly higher. At the same time the cloud share per user could actually turn out lower than many expect because more and more tasks will run directly on the devices. For this shift to scale fully across billions of phones cars robots and industrial systems what still needs to be built is a massive expansion of power efficient semiconductors advanced sensors photonics thermal management and the underlying power conversion infrastructure at the edge level. But that does not change the overall picture because the sheer mass of devices agents and physical systems will drive demand massively anyway.

@JanGossens @FurkanCCTV Hallo Jan, schau mal hier: Besteuerung nach Staatsangehörigkeit (deutscher Reisepass): youtube.com/watch?v=y6Z9WX…

Our paper on Giovanni’s discovery of Bitcoin’s Power LawS has reached viral status on CERN preprint site with > 10K views and ~9K downloads. Quite fitting since Bitcoin adoption has grown in a viral manner as demonstrated in paper. Adoption cube of time & Metcalfe @ScientificBTC

After years of work, Digital Real Estate is finally available for pre-order—with a Bitcoin Conference special offer. Pre-order for $21 (regular $29) · April 27 – May 4 only.

@atimestandard 🤝

If you have ever wondered why Bitcoin behaves the way it does, not as a financial instrument but as a living system, this conversation is worth your time. Giovanni is a physicist. He does not opine. He measures. And what he has measured over twelve years is that Bitcoin follows the same mathematical patterns found in planetary orbits, animal metabolism, forest fires, the spread of viruses, the growth of cities, and the architecture of the brain. Not similar patterns. The same ones. He calls them power laws. Physicists do not use that word loosely. The conversation covers three things that are worth understanding regardless of where you stand on Bitcoin. First, why Bitcoin price behaves the way it does, and why that behavior is not noise or speculation but a measurable, reproducible signature of a network growing the way nature grows things. Second, why the most common argument for Bitcoin's value, scarcity, is not only imprecise but works against understanding what Bitcoin actually is. Finite and scarce are not the same concept. The difference is not semantic. It changes everything about how you think about using it. Third, what Giovanni calls the Bitcoin growth game. A simple simulation that shows how value in a network accumulates not despite dilution but through it. Counterintuitive. Mathematically exact. And once you see it, difficult to unsee. This is not a conversation about price targets or market cycles. It is a conversation about what kind of thing Bitcoin is. That question turns out to have a precise answer.

Time Standard @atimestandard

2 months ago

Is Bitcoin scarce? No, it's finite. This appears to be a topic of debate and potential confusion. Giovanni Santostasi @Giovann35084111 joined me to unpack how 'finite' and 'scarce' are not about semantics but fundamentally different concepts. The Bitcoin network is a

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Steve Keen has done genuinely interesting work on debt and financial instability, and his 2008 warnings held up. That credibility is real. But the utility question is more complicated than this framing suggests. There are places in the world where people use Bitcoin not as a speculative bet but as the least bad option available to them. People in countries with 60% annual inflation are using it as a savings tool because their alternative is watching their wages disappear. Cross-border transfers that would cost 10% through a wire service cost a fraction of that on chain. In parts of Kenya, Malawi, and Zambia, Bitcoin mining is being used as an economic anchor for small hydro and solar installations that were not viable without a reliable buyer for their surplus output. The result in documented cases has been significant reductions in local electricity costs and the electrification of households, health centers, and schools that previously ran on kerosene. In Ethiopia, Bitcoin mining generated $220 million in foreign exchange revenue in a single fiscal year from hydropower that would otherwise have gone unexported, contributing to infrastructure expansion including the construction of tens of thousands of kilometers of new transmission lines. On energy: Keen understands proof of work better than most critics, and the concern is legitimate. What the climate framing tends to miss is that not all energy is the same. Miners follow the cheapest electricity on earth, which is structurally surplus renewable energy that no other buyer wants at that moment. Hydropower that cannot be exported. Wind that exceeds grid capacity at night. A mining operation can power down in seconds when demand elsewhere rises, which is why grid operators in Texas have started treating miners as a stabilizing asset rather than a liability. The question is not whether energy matters. It is what that energy would otherwise have done. Buffett and Munger are worth listening to. They are also both products of a financial system that worked exceptionally well for people born in the right country at the right time. That context shapes what problems feel real and what solutions feel necessary. Whether Bitcoin solves every problem its advocates claim is a fair debate. Whether it solves some real problems for real people is increasingly hard to argue with.

Daniel, the scale of what you are documenting has not yet landed. It will. 67% of Ethiopia's foreign exchange electricity revenue. 28,571 km of new power lines. A grid expansion backlog that, when fully energized, represents a 10-20x acceleration of historical buildout rates. Not a projection. Infrastructure already under construction. This is not an argument about Bitcoin mining. It is a demonstration of something more fundamental. Proof of Work is not energy consumption. It is energy transformation. The work is real, the heat is real, the revenue is real, and the grid being constructed with that revenue is real. Every kilowatt that would have dissipated into nothing instead became a transmission line in a country where half the population has no electricity. The institutions that have spent decades and billions on rural electrification in Sub-Saharan Africa were not wrong in their intentions. They were working with the tools available to them. External funding, conditional lending, development frameworks built for a world where energy and money moved through centralized systems. That was the only model that existed. Bitcoin mining introduced a different question: how do you make stranded energy economically valuable at the point of generation, so that infrastructure funds itself. It is not a criticism of what came before. It is what becomes possible when the tools change. Energy is real. Work is real. The result is real. This is not financial speculation. It is physics transforming into infrastructure. What Ethiopia has demonstrated is not a pilot. It is a model. And it emerged not from a development agenda but from the economic logic of a network that needed energy exactly where institutions could not yet reach. Those who still frame Proof of Work as waste are not malicious. Most formed that view when the data was incomplete, when mining was dominated by fossil fuels and the infrastructure argument had not yet been made with numbers. The data has changed. The model has been demonstrated. We live in an information system that structurally works against depth. Attention is the scarcest resource, and the systems competing for it reward speed, emotion and simplicity. A headline about Bitcoin energy consumption spreads in minutes. An analysis of Ethiopia's grid expansion with verified sources requires thirty minutes and prior knowledge. That is not a failure of individuals. It is a structural mismatch between the complexity of reality and the capacity of our information systems to carry it. But the mismatch is not stable. Reality is physical. 28,571 km of power lines exist whether anyone read the post or not. Ethiopia either has electricity or it does not. That is not interpretable. Thank you Daniel for doing the work that complexity demands. The people who are ready to read it will find it. And they are more than we think.

Daniel Batten @DSBatten

2 months ago

We now have official EEP data that shows Bitcoin mining has nearly doubled Ethiopia’s annual net transmission grid expansion rate Even more importantly, it has catalyzed an unprecedented level of new construction activity never before reported by EEP at this scale. Consider

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You are right on the definition. And that is precisely the point. If scarcity requires demand, then scarcity is a consequence of value, not its cause. It tells you the current state of the market. It tells you nothing about what the system will do tomorrow when demand shifts. Finiteness requires nothing. The 21 million exist whether anyone wants them or not. Whether the price is zero or a million. Whether every holder sells tomorrow. A system whose fundamental property depends on demand is not invariant. A system whose fundamental property exists independent of demand is. That is the distinction worth making.

@SatoshiBagger @Giovann35084111 Thank you!

@Giovann35084111 Thank you!

@thebigmihi @relai_app Stimmt, technisch gesehen verwahren Hardware Wallets private Schlüssel, nicht Bitcoin selbst. Relai vereinfacht das bewusst für Menschen, die gerade erst anfangen. Beides hat seinen Platz.

@Rajatsoni Well done! 🤝

@_The_Prophet__ ... Altcoins? This is no signal, this is pure distraction.

21 million coins, shifting hands over 16 years. Pay attention.