pull down to refresh
10 sats \ 0 replies \ @hgw39 OP 9h \ parent \ on: Bitcoin in New Zealand in 2024- A review of the year bitcoin
Thank you. We'd love to see you down for a visit, but make sure you time it to line up with a Bitkiwi event. Whenever we have international visitors at Bitkiwi they always tell us they're the best meetups they've ever been to!
Thank you. It's been a great year, imagine what we'll be talking about in 12 months from now! Don Brash as RBNZ governor and Roger Douglas as Finance Minister were the stewards of the 3% inflation target and we were the first country in the world to adopt it.
This is a great resource, thanks. I've followed Ketan's guide and am running my node now and noticed the updates to Core coming.
Is this the same process to follow for updating other services on the node such as the Fulcrum server? I have to update this now also and have been wondering how to do it.
Thanks.
This is how John Steinbeck's book, The Grapes of Wrath, ends. A young woman who recently lost a baby breast feeds a starving old man.
My experience from running two nodes now for 2 years, one I bought pre built and the second I built myself on a reused computer.
- The cost is in obtaining the hardware and is realistic to spend from $200-$400 USD for this, depending on what you go for.
- Bitcoin Core is FOSS, so there's no expense at all to access this.
- I have had no cost in upgrading or maintenance. Electricity costs of running these small servers at my home have not been noticeable.
- There is knowledge required to keep running and maintaining, especially if you're not using an out of the box node. But this is the trade off for privacy and not relying on a third party to confirm your balance. That's what I've found anyway.
Here's the very same NZ Central Banker, he actually says here "it's a great business to be in, Central Banking, you print money and people believe it". Followed by laughter in the room. No shit, watch the video for yourself:
https://x.com/CoinsureNZ/status/1757287586144616585?s=20
There are some good options for KYC free Bitcoin and they're not that hard. I wrote this article last year on this very subject:
#219309
There are some new ones to add and it seems like Robosats is going through some changes with their coordinators which add to decentralization.
A lot of Bitcoiners in my community moan when the banks stop them buying Bitcoin so I thought we all need to know how to buy KYC free and outside of the fiat rails.
I've been KYC free for 1 year now, it's just a mindset and not that hard.
Take a read and try one out, my favourite was Robosats, so quick and easy. Other option is getting to know someone who mines, that's cool too.
Hope this helps.
My holiday project is to build a sovereign node stack from the ground up, doing it all myself and not using a prebuilt package like Umbrel or Raspiblitz. I am not an software engineer, the first time i ever used command line was on my first Bitcoin node.
I've installed the server version of Ubuntu on a Del Optiplex, downloaded and verified Bitcoin Core and am now in the middle of IBD.
I'm following @k3tan Ministry of Nodes Ubuntu video series guide. My goal is to learn some new skills, set up a Lightning node and learn first hand now all the core tools and applications of Bitcoin work.
So far so good!
Not that wierd, but find BTC gear online and buy a bunch of it to take to meetups to sell for KYC free sats. Best if you can buy in fiat and sell into sats, but of course all the best BTC gear is for sale for sats only.
Good if you live off the grid, like where we live @Tip
Tried this with some caps at a meetup a while back and it was a great success.
I recently purchased one of these Nodeboxes from @k3tan and here's my experience.
- Quick delivery (about 4 days including a weekend, from Aus to NZ)
- Follow up email from Ketan to ask me how I was getting on
- Super fast setup. Having experienced setting up a Raspiblitz before I was mentally preparing myself for days and days of setup, but this was all done and running in about 10 mins. Literally follow the video to the letter and it's working. -Blockchain required a sync, as it had been out of use for a while but this took under a day. -Connected Mempool.space and Sparrow wallet in minutes for each.
- User interface is simple and clean, including a command line interface if you want to get down and dirty in Command Line.
- I would recommend this as a first node for people, as long as you understand the tradeoffs of receiving a server with Bitcoin Core and other software pre-installed that you haven't verified for yourself. -It even passed the wife test. I set the Nodebox up next to our router in the kitchen and she didn't even notice, it's small and slim and can fit anywhere. Extra points there!
So if you're not running a node yourself yet and want to, I'd recommend one of these for sure.
That's all.
Thank you! Meeting Bitcoiners IRL is the best! Look forward to seeing everyone at Bitkiwi this Saturday.
I heard @nvk saying today on Bitcoin.review that New Zealand was always the place all the commie shit got tried first (in regard to the X charges and ID verification), so I wanted to reassure him that there is some resistance.
53 sats \ 1 reply \ @hgw39 OP 23 Oct 2023 \ parent \ on: The Bitcoin Scene in New Zealand in 2023 bitcoin
Thank you! It really feels like we're all part of a global movement doesn't it. Come visit this summer.