This is a thread for random discussions that gets posted everyday at 5am central.
Tell us what you're doing today, ask questions, or vent about your life. Whatever you want, let it rip!
0 sats \ 0 replies \ @guts 3 Jul 2023
Man wefwef.app is so good as PWA and best of all it looks so close to Apollo. If you have not tried Lemmy I recommend starting with wefwef.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 3 Jul 2023
Another day of stackin sats to cold storage and sleeping like a baby!
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83 sats \ 0 replies \ @premitive1 3 Jul 2023
slow at work. haven't hit one of these daily discussion threads, but only had half a day and am home already. happy life everyone!
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36 sats \ 6 replies \ @nullama 3 Jul 2023
What's your secret for making the best grilled cheese sandwich?
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0 sats \ 0 replies \ @guts 3 Jul 2023
Good bread, butter both sides and a creammy good cheese.
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101 sats \ 0 replies \ @nkmg1c_ventures 3 Jul 2023
Instead of buttering the bread, I use the same amount of butter I would per side and throw it into a hot pan, when it's bubbled over and lost the water content I soak that slightly browned butter into the outside piece of the first bread. Repeat for second side.
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3 sats \ 0 replies \ @WeAreAllSatoshi 3 Jul 2023
Patience while cooking
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0 sats \ 2 replies \ @premitive1 3 Jul 2023
a tiny bit of mayo. on the inside. butter the outside
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13 sats \ 1 reply \ @nullama 3 Jul 2023
on both of the inside sides?
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0 sats \ 0 replies \ @premitive1 3 Jul 2023
yes. you really have to do it to taste. I recommend starting with a small amount, but you must adjust to suit what you prefer. but it adds a little something.
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23 sats \ 10 replies \ @kepford 3 Jul 2023
Over the weekend while setting up a server rack in my garage I was listening to WBD podcast with the Gridless guy. I recommend listening to it. Anyway, it got me thinking again about all the crazy stuff that is gonna be tied to bitcoin mining in the future. I'm not innovating here but I know some haven't heard these ideas.
Anything that needs waste heat (heat that is used for something else) will be migrated from existing heat sources to ASICs. We already see the early examples but it is going to expand. Right now I've heard of heating, water heaters, spas, and pools. I'm imagining a future where your fridge mines, your AC/Heat mines and industrial facilities that need to heat material will be massive miners.
I can even see appliance manufacturers offering rebates/discounts for ASIC based appliances where they mine to their own pools and pay for the discount/rebate with the hashrate.
What other things can you imagine moving to ASIC heat?
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0 sats \ 5 replies \ @premitive1 3 Jul 2023
I dunno about the fridge...since it produces heat...from removing it from inside the box. the other examples sound good though.
A fridge is a source of waste heat.
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0 sats \ 4 replies \ @kepford 3 Jul 2023
Yeah I don't really understand how refrigerators work. It seems counter intuitive. I need to look that up because I think I've been misunderstanding how they work.
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0 sats \ 1 reply \ @l0k18 4 Jul 2023
You can power any thermal pump using thermal energy. There is refrigerators that you have to light up the burner to make them run. They use that heat to drive a reverse cycle which then pushes the heat out of the box. Pretty much passive, you just add heat, and the pump uses it to move the heat out of the box. It could be a geothermal spring or a mining farm.
https://www.amazon.com/dp/B0B5G7ZFR8?th=1&psc=1&language=en_US
bugger me amazon puts a lot of tags on their links. Always use "get clean link".
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0 sats \ 0 replies \ @l0k18 4 Jul 2023
deleted by author
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566 sats \ 1 reply \ @premitive1 3 Jul 2023
Refrigerators rely on the phase change of specially formulated refrigerant from a liquid to a gas. The compressor pressurizes and super-heats a gas, which, when pushed out the back of the refrigerator, releases a bunch of heat into the air. This temperature drop at such high pressure causes the gas to liquefy. This liquid boils at a very low temperature, so as it enters the refrigerator it immediately absorbs "heat" and boils into a gas on its way back to the compressor. This boiled gas, which "heated" as it went through the refrigerator, is what makes everything else cold. The air that touches these coils become cold as they heat the refrigerant.
I thought that would come out shorter. I hope it makes sense to you. The important thing to understand is that the refrigerant (a dangerous, regulated chemical) boils at a temperature well below freezing, but by compressing it with a pump, you're able to achieve the pressure needed to turn it into a liquid, which pretty much immediately boils.
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13 sats \ 0 replies \ @kepford 3 Jul 2023
Thank you, that warranted a 100 sat zap.
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83 sats \ 3 replies \ @kepford 3 Jul 2023
Listening to these guys talkk about Africa reminds just how out of touch most people in the west are with the global south. I had the privilege to visit Africa many years ago. It changed my world view in a deep and profound way. I would love to go back. While many in the west mean well with their concern about climate change and energy use they are very misguided. This conservation based approach to energy will condemn the global south to many more decades of poverty. Energy is prosperity and human flourishing. Climate change will not kill the number of people that global poverty currently does. It is great to see bitcoiners spreading hope in places like Africa. It is much better to do something that talk and try to persuade westerners.
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0 sats \ 2 replies \ @BlokchainB 3 Jul 2023
Yup I talked to guy at a construction conference who worked in South Africa and he shared how they were building all these green microgrids. The western laptop class thinks it solves the burning of fuel thus lowering carbon emissions but the grids were very unreliable. Each grid is designed differently making operation and maintenance a nightmare.
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50 sats \ 1 reply \ @kepford 3 Jul 2023
One thing the guys mentioned was how many of these people have never had electric service. One dude in the village might have a car battery and charge money to charge their phones for them. So imagine the risk when starting a power company when your potential customers have very few uses for the power. Very risky but high possible return as well.
Imagine not have a refrigerator, lights, and other appliances. It is hard for us to imagine these things in the west. We take so much for granted.
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0 sats \ 0 replies \ @BlokchainB 4 Jul 2023
Agreed
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0 sats \ 1 reply \ @orthzar 3 Jul 2023
Any sufficiently complicated program contains an ad hoc, informally-specified, bug-ridden, slow implementation of half of an expert system.
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0 sats \ 0 replies \ @l0k18 4 Jul 2023
Us programmers are experts at pretending to be experts.
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193 sats \ 1 reply \ @nkmg1c_ventures 3 Jul 2023
Paid a bunch of monthly bills today. Annoying but necessary. Meditation and exercise and continuing job hunt
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3 sats \ 0 replies \ @nullama 3 Jul 2023
Good luck on the hunt. May the best paying job finds you.
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10 sats \ 2 replies \ @RealCoachAndy 3 Jul 2023
Hello everyone, it's the beginning of the week, the work week has begun, I wish you all a very profitable and productive one. Remember that you're important, always. I'm about to get me some hot java because my body needs it, coffee time. Be well gang and stay frosty.
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0 sats \ 1 reply \ @orthwyrm 3 Jul 2023
Stay frosty!
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50 sats \ 0 replies \ @RealCoachAndy 3 Jul 2023
You as well my friend, have an incredible day and make the best of it!!! Sending you extra good vibes buddy.
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0 sats \ 0 replies \ @faithandcredit 3 Jul 2023
Why dont each twitter user pay for the traffic on his own account? Maybe he will think twice about farming engagement then.
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334 sats \ 19 replies \ @orthwyrm 3 Jul 2023
Here in the UK I have been reading many horror stories of rapidly increasing mortgage payments, which is all further compounded by the rising costs of food and energy. It's not uncommon for people to be paying +£1000 PCM more now than they were a couple of years ago.
I am feeling somewhat vindicated in my decision to not purchase a house a few years back. Part of that is because Bitcoin has since appreciated more than any house has since I first entered the space. But more importantly, I can't imagine having a 6-figure debt over my head where the interest rate is controlled by an increasingly out-of-touch elite who couldn't give two shits if I went bankrupt or starved. And if shit really hits the fan, a possibility that seems more likely by the day, who knows what that property will even be worth a few years from now.
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10 sats \ 2 replies \ @l0k18 4 Jul 2023
Yeah man inflation is completely out of control in this country. I'm not planning on being here in 2024 if I can at all arrange it.
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100 sats \ 1 reply \ @orthwyrm 4 Jul 2023
Where are you planning to go? I've considered it too.
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0 sats \ 0 replies \ @l0k18 4 Jul 2023
haha. South America, Africa or Siberia. I have a friend in Mexico but maybe he wandered back south again since I last heard from him. Obviously not a war zone.
I do rather miss the balkans though, maybe I'll end up back there again.
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50 sats \ 0 replies \ @nullama 3 Jul 2023
Yeah, it's a bit strange when debt is bad in all cases except for buying an incredibly expensive house.
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0 sats \ 7 replies \ @orthzar 3 Jul 2023
It sounds like a lot of UK home owners have variable rate mortgages. I don't know why anyone would sign up for that kind of mortgage, especially considering how badly people were burned during the 2007 housing crisis. Those who don't learn from history...
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0 sats \ 4 replies \ @nullama 3 Jul 2023
If it's the only option available in the country, then that's your answer.
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10 sats \ 3 replies \ @orthzar 3 Jul 2023
We're talking about the UK, where variable rate mortgages are not the only option.
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100 sats \ 2 replies \ @nullama 3 Jul 2023
They only have fixed for a few years only, then it turns to variable.
Example: HSBC UK has up to 5 years fixed, plus if you have a fixed mortgage there are fees like early repayment fee, booking fee, etc
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100 sats \ 1 reply \ @orthzar 3 Jul 2023
I stand corrected.
That's actually completely insane. With a 25 year mortgage, you'd be guaranteed to have to deal with at least 2 recessions (which are typically 7-11 years apart), any one of which could push your mortgage payment beyond what you can afford. In the best case scenario, you're savings would get wrecked partway through the mortgage term.
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0 sats \ 0 replies \ @l0k18 4 Jul 2023
And they call you a conspiracy theorist when you say the banks are bleeding us dry!
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0 sats \ 1 reply \ @kepford 3 Jul 2023
It blew my mind the first time I heard about the rarity of fixed rate mortgages like we have here in the US. I don't know if the US has more fixed rate mortgages due to free market forces or regulation. My guess is a bit of both. I can't imagine taking out a 20 year variable rate loan. Makes me wonder if variable rate mortgages lead would lead to less debt which might lead to lower real estate prices (a force driving down market price).
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10 sats \ 0 replies \ @orthwyrm 3 Jul 2023
Likewise, I was surprised to learn that you guys in the US had access to such long term fixed rate mortgages! I'd assume that your system promotes a greater accumulation of debt and thus pushes up house prices.
Ten years ago the average UK house price was ~£170k, and now it is sitting at around ~£290k (a ~70% total increase, or ~5% / year). Which doesn't seem so bad, until you realise that average wages have only risen by ~20% in the same time period.
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269 sats \ 6 replies \ @carlosfandango 3 Jul 2023
The UK housing market exhibits all the signs of being a bubble unrecognised by the majority of people - particularly by mortgage holders themselves.
The 80s Thatcherite mania of home ownership is still strong in the current generation (and help for many first timers comes from ‘boomers’ getting their offspring onto the property ladder). This is in contrast to large parts of Europe which still has high proportions of home renters.
Whilst, as a hard asset, home ownership is a good option - especially given the amount of leverage you can take - you can’t sell into a falling market without pain and you can’t eat bricks and mortar.
In truth the banks are locked to the fate of their borrowers, the Government are beholden to their sacred property cow and its worshippers and many borrowers are now trapped by their mortgage.
Interesting times…
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0 sats \ 0 replies \ @l0k18 4 Jul 2023
Western europe is full of renters but eastern europe half the people own two properties and the rest will inherit one in a few years.
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20 sats \ 4 replies \ @orthwyrm 3 Jul 2023
Yep. Despite everything, I'm still regularly hammered with advice to purchase a property from well-meaning colleagues and family members because houses "only go up".
Who knows if they're right. It sure looks like a bubble, but groupthink can carry a market longer than any rational person would expect. It's certainly the case that analysts smarter than me have been prophesizing the downfall of the housing market for years and years now, yet here we are.
What I can say is that the idea of locking myself into a £250k loan at 6-7% interest seems borderline insane and is not a gamble I am willing to take. Especially when the loan is against an asset carrying uncomfortable levels of counterparty risk; if your neighbourhood turns into a dumpster fire or your government decides to raise taxes on home ownership, good luck passing on your hot potato to the next sucker.
There is a decent argument to be made that Bitcoin will begin to demonetise softer assets like gold and real estate. Those would be very interesting times indeed...
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0 sats \ 0 replies \ @l0k18 4 Jul 2023
I can't wait to see the banksters favourite racket eaten by Bitcoin.
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10 sats \ 1 reply \ @mudbloodvonfrei 3 Jul 2023
You can't completely demonetize real estate, people need a place to live and that won't change.
Also, real estate is not softer than bitcoin, it has a fixed supply.
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10 sats \ 0 replies \ @l0k18 4 Jul 2023
The supply of money for it is the problem, not property itself. Property should not have exchange value. If you can't make the money to pay the bills of keeping the land it's overpriced. And it's probably overpriced because of banks suppressing interest rates so they can keep milking the money supply.
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60 sats \ 0 replies \ @carlosfandango 3 Jul 2023
Agree on all of the above.
Not to make light of the entirely avoidable and criminal tragedy that befell Grenfell… but there are people now locked into mortgages on houses and flats they cannot sell. This is wholly the responsibility of lax regulation and weak politicians in the pay of building companies. And no fault of the mortgage holders.
Real estate will always have some value as they aren’t making anymore and you have to live somewhere but Bitcoin is the harder asset and much more affordable. I’m backing Bitcoin.
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20 sats \ 1 reply \ @carlosfandango 3 Jul 2023
Hello snail, hello stacking….
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0 sats \ 0 replies \ @orthwyrm 3 Jul 2023
__@_'-'
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315 sats \ 3 replies \ @orthwyrm 3 Jul 2023
Day 79 of snailposting everyday 'til BTC hits $100k.
__@_'-'
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0 sats \ 0 replies \ @BlokchainB 3 Jul 2023
👍
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0 sats \ 1 reply \ @faithandcredit 3 Jul 2023
its beginning to work?
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0 sats \ 0 replies \ @orthwyrm 3 Jul 2023
Maybe. I think we need more snails to confirm though.
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