#Bitcoin can serves these purposes: * Long-term value retention * Means of payment * Speculation on rising price compared to fiat currency Each purpose has a different target group. And there can be alternative solutions to the problem Bitcoin solves. Even if you live in a country where inflation is as low as 2 % as intended for the European Union for example, it makes sense to not keep all your money in € currency as that becomes devalued significantly over time. But for long term value retention you could also invest in the stock market and buy an ETF. If you live in a country where the yearly inflation is as low as 2 % as intended for the European Union and you keep 1000 € for your monthly payments, you currently don’t need Bitcoin as a means of payment. Using the € itself is sufficient. But if you live in a country where the yearly inflation is 50 % you might want to switch to using Bitcoin even for your daily payments! You will only invest in Bitcoin for speculative reasons if you are relatively wealthy and can risk to loose money in the short term or understand Bitcoin very well and have a long-term horizon.

Here is a picture of my little #bitcoin #mining device running the nerdminer firmware powered by mobile solar panels. it only consumes 0.5 watts and currently calculates roughly 80 KH/s.😀

Thank you! I was made aware of #bitchat at our local Bitcoin Meetup where someone gave a presentation about it. Great idea and a pretty well working app already! I was able to download the app from the iOS Store during the presentation and immediately exchange messages with the presenter. I think the feature that you can keep messaging people via #nostr when out of mesh range will help getting a good adoption of the app. Only problem: The presenter had suggested I should send him a message later when being of mesh range and he had missed that your “how to” states that we would have needed to favorite each other. I had favorited him right away at the meetup. But he hadn’t favorited me so we are now unable to stay in contact via Bitchat until the next Bitcoin Meetup.

Learn about #bitcoin by mining it yourself! For just € 10 you can buy a „TTGO T-Display S3“ board on AliExpress or elsewhere, flash the nerdminer mining firmware on it and start mining Bitcoin yourself. The board consumes less than 2 watts power so that it doesn’t cost you anything. You can even power it by some mobile solar panels! Given the low hashrate of such a device it is very unlikely that you will be so lucky to actually win the race an get the current reward of 3.125 BTC, though. But you can add to the stability of the network and learn about it! Read all the details about flashing the nerdminer firmware on suitable hardware here: https://github.com/BitMaker-hub/NerdMiner_v2 #btc #mining

I am new on Nostr and would like to experience „to be zaped“.