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RFK- the 3rd party presidential candidate speech at Bitcoin Nashville was inspiring! The full speech may be viewed at this <a data-mce-href="https://youtu.be/ssYCRVpzcxc" href="https://youtu.be/ssYCRVpzcxc" data-mce-selected="inline-boundary">link</a> and listed below are some important points he made:Transfer 200k of bitcoin we have now to treasury as a strategic reserveInstruct the Treasury to buy 550 daily until USA has 4 million bitcoinsWill have the IRS issue guidelines for Bitcoin and US dollar to be non reportableIRS will be instructed to allow Real estate investors who use the 1031 exchanges for buying in kind real estate with proceeds from a sale to do the same with Bitcoin. (I consider this a favorable and easy to implement approach since the code already exists and would align with crytpo assets like Bitcoin being treated as Digital propery)CBDC's are not going pass as it woould allow the Fed to evolve itself into a tyranny (His point is well taken as CBDCs would be akin to your credit card company sharing your specific purchases and then allowing the government to make decisions based off those)Bitcoin is a cyber defense weapon (Not sure how to explain this one- would recommend more research)<figure id="figure-faedoufb7tlz885opp"><img id="faedoufb7tlz885opp" src="https://cdn.durable.co/blocks/34KCC1S7FjNp4IygZbmGkLDmygKaX7FSYqGzVESEcS1ep4Mi0WmtLnafE5IyYfc6.jpg" alt="Trader analyzing global bitcoin price on network diagram" title="Trader analyzing global bitcoin price on network diagram" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/34KCC1S7FjNp4IygZbmGkLDmygKaX7FSYqGzVESEcS1ep4Mi0WmtLnafE5IyYfc6.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>

Day 2 - BTC Nashville 2024 - RFK speech

First day of conferences can be like that first day at School. You never know who your going to meet and the prospect of walking into that big unknown world can be both exciting and frightening at once. BITCOIN Nashville was anything but. Everyone wanted to be here! Attendees had a child like glow you see when kids experience something fun and new. For me, the fun began at the Nakamoto stage with a session titled 'Nation State Game Theory: Energy Infrastructure'. Harry Sudock (GRID Infrastructure), Jeff Lucas (BitFarms), Lisa Hough (Bitcoin today Coalition) and moderator Troy Cross from the Bitcoin Policy institute. Their discussion covered some new themes I'd encourage others to dive deeper on....0930 Bitcoin requires lots of power to perform the mathematical puzzles to mine it so it must be a drain on the power companies, right? Power Companies have a strange business model where they pay others to take their excess power capacity. The analogy was made to Apple paying people to take their excess iPhones which of course makes little sense. Bitcoin steals power supply and puts onerous expense on last mile consumers especially during a crisis. Convential wisdom and media suggests this but consider Berkshire Hathaway. They offered Texas 10 Peaker Power plants to help during peak cycles as the name suggests. In exchange for their CapEx investment they would be guaranteed 10% profits across the top. That would equate a guaranteed tax across the top for every power consumer from the stay at home mom to the small business owner. It would come as a small line item at the bottom of their power bill each month that would add an additional $2-$10. Texas said no thanks. Converse to that, RIOT bitcoin mining built their own power generation on their own dime and actually shut down bitcoin mining during the 2024 Hurricane to reroute power to those who were affected. Traditional Finance 'will not solve the custody issue' that makes compliance and ease of use difficult until the companies these speakers on stage represent are as big as they are. Bitcoin Is transparency and too transparent- contrary to popular belief every transaction on the chain can be traced making anonymity difficult.<figure id="figure-3k7ptdp8zjlz1u2qma" class=""><img id="3k7ptdp8zjlz1u2qma" src="https://cdn.durable.co/blocks/17YGHn7b6FE00JZhB3Tx3c8EgCO90o5SCPMA3J4A3UFyxWh4VsMAjmRfNeu9FCU6.jpg" alt="Beautiful Male Computer Engineer and Scientists Create Neural Network at His Workstation. Office is Full of Displays Showing 3D Representations of Neural Networks." title="Beautiful Male Computer Engineer and Scientists Create Neural Network at His Workstation. Office is Full of Displays Showing 3D Representations of Neural Networks." class="object-cover bg-gray-100" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/17YGHn7b6FE00JZhB3Tx3c8EgCO90o5SCPMA3J4A3UFyxWh4VsMAjmRfNeu9FCU6.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"> </figure>11AM&nbsp; God Bless Bitcoin was premiered on the second floor of the civic center. A smaller sized room with about 150 seats and tables in the back were arranged towards a large screen where the show was played. Admittedly - I had no preconceived notions about the film other than what Natalie B from Coinstories podcast had mentioned when interviewing the husband and wife directors about the film.&nbsp; WOW doesn't begin to describe how informational this film is. Its an embodiment of all the things I've learned about Bitcoin over the years in a concise and well explained production.&nbsp; Watch it here or navigate to our homepage and watch this compelling video&nbsp; <a href="https://www.youtube.com/watch?v=oksraL7wN6Q" data-mce-href="https://www.youtube.com/watch?v=oksraL7wN6Q">https://www.youtube.com/watch?v=oksraL7wN6Q</a>--<figure id="figure-z6usobxvv5lz2nybax"><img id="z6usobxvv5lz2nybax" src="https://cdn.durable.co/blocks/28OHzvYPVONpdsoJl3YZdRIXu4a2JYibQ0A3XzXKSOYsUXo9ebZzach1N2I8mIXM.jpg" alt="Woman is checking Bitcoin price chart on digital exchange on smartphone, cryptocurrency future price action prediction." title="Woman is checking Bitcoin price chart on digital exchange on smartphone, cryptocurrency future price action prediction." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/28OHzvYPVONpdsoJl3YZdRIXu4a2JYibQ0A3XzXKSOYsUXo9ebZzach1N2I8mIXM.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>1pmBlackrock is the largest asset manager in the world and its head of Crypto investments Robert Mitchnik who is credited with 'Orange Pill'ing its CEO Larry Fink took the stage. For me, Blackrock has been a bit of a black box, no pun intended so curiosity compelled my attention to his session. The following are some of the themes he shared....Aladdin is Blackrocks secret sauce. Its a software program that provides market analysis for each investment organization operating under the blackrock umbrella.&nbsp; In 2021 Blackrock began working with Coinbase who is one of the largest crypto exchanges in the world. In 2022, Blackrock created a private trust where they would hold Bitcoin for their IBIT ETF fund that was in the works and ultimately approved by the SEC in early 2024 along with 9 other firms such as Grayscale.Blackrock looks for assets that operate with near zero correlation. I took that to mean they want assets that stand on their own such as Gold and Silver. In so many words I interpreted Robert to suggest that Blackrock sees Bitcoin standing on its own.--<figure id="figure-l9rmmnek2clz2o848n"><img id="l9rmmnek2clz2o848n" src="https://cdn.durable.co/blocks/28mSY7tLsOY6dKs9CAOKrE44iRnZbST3HNPWhKpcCnvpONi3tDN2m0hEEXqE6Hhn.jpg" alt="Business man using computer hand close up futuristic cyber space and decentralized finance coding background, business data analytics programming online network metaverse digital world technology" title="Business man using computer hand close up futuristic cyber space and decentralized finance coding background, business data analytics programming online network metaverse digital world technology" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure>2pmSome may recall seeing Rocky at the movie theater. You couldn't help but walk out of there with that feeling to whip someone's ass. The Make Bitcoin in America Great Again contoured up those feelings with a strong entrance by Jimmy Song and fellow stage dwellers Ben Asken (MMA Fighter) and Luke Rudkowski (We are Change). Jimmy started off his introduction diss'ing the Blackrock speaker a few before him by calling them "Rent Seekers" who prey off others as a middle man. He carried the crowd further with drawing comparisons to what many of us know as the administrative state as being rent seeking.

DAY 1 - BITCOIN Nashville 2024

Gold Bitcoin. Cryptocurrency  Data Concept

Bitcoin, often perceived as a mere digital currency, fundamentally operates as a protocol. This protocol, much like those governing the internet, establishes a set of rules and standards for data transmission and network interactions. Understanding Bitcoin as a protocol reveals its true nature and the technological revolution it embodies.At its core, Bitcoin is built upon a decentralized network that employs the Bitcoin protocol to facilitate peer-to-peer transactions without intermediaries. This protocol is a series of predefined rules that govern the creation, validation, and recording of transactions on the blockchain. The blockchain, a distributed ledger maintained by a network of nodes, is the heart of this protocol. It ensures transparency, security, and immutability of all transactions.The Bitcoin protocol's most critical function is to solve the double-spending problem inherent in digital currencies. Through a consensus mechanism called Proof of Work (PoW), it requires network participants, known as miners, to solve complex mathematical problems to validate transactions and add them to the blockchain. This process not only secures the network but also introduces new bitcoins into circulation.Moreover, the Bitcoin protocol includes a fixed supply limit of 21 million bitcoins, embedding scarcity into its design. This rule is enforced by all network participants, ensuring that the protocol's integrity and the currency's value proposition remain intact over time. The open-source nature of Bitcoin's code allows anyone to review and propose changes, fostering a transparent and collaborative development environment.Bitcoin's protocol extends beyond mere currency transactions. It encompasses aspects like smart contracts and second-layer solutions (e.g., the Lightning Network), which enhance its scalability and utility. These developments illustrate that Bitcoin is more than just a currency; it is a robust and adaptable protocol for decentralized applications.In conclusion, Bitcoin is fundamentally a protocol because it establishes a decentralized, transparent, and secure framework for digital transactions and beyond. Its predefined rules, consensus mechanism, and open-source nature highlight its protocol-based structure, making it a cornerstone of the evolving digital economy. Understanding Bitcoin in this light emphasizes its revolutionary impact on finance and technology.

Bitcoin - Its a Protocol!

As the cryptocurrency market matures, Bitcoin mining rigs—once the cornerstone of digital currency mining—are finding new purposes beyond their initial design. The vast computational power of these rigs, previously dedicated to solving complex cryptographic puzzles, is now being repurposed for artificial intelligence (AI) applications. This transition marks a significant evolution in the use of technology, highlighting the adaptability and potential of mining hardware in advancing AI research and deployment.Bitcoin mining rigs, particularly those equipped with powerful GPUs and specialized ASICs (Application-Specific Integrated Circuits), are built to perform high-intensity computations. These capabilities make them well-suited for AI tasks that require substantial processing power, such as training neural networks, performing deep learning computations, and conducting large-scale data analysis. By redirecting the computational resources of mining rigs, researchers and developers can harness this power to accelerate AI innovation.One of the key advantages of repurposing Bitcoin mining rigs for AI is cost efficiency. With the volatility of cryptocurrency prices and increasing difficulty levels of mining, many rigs become less profitable for their original purpose over time. Instead of discarding or selling these devices at a loss, repurposing them for AI can provide a new revenue stream or cost-saving measure for their owners. This approach not only extends the lifecycle of the hardware but also maximizes the return on investment.The environmental impact of Bitcoin mining has been a point of contention, with critics highlighting the substantial energy consumption involved. Repurposing mining rigs for AI can mitigate some of these concerns by providing a more sustainable use for the energy already expended in the production and operation of these devices. AI applications can potentially contribute to energy efficiency and optimization solutions, creating a positive feedback loop that enhances sustainability efforts.In addition to environmental benefits, the integration of mining rigs into AI infrastructure can democratize access to computational resources. Smaller research institutions, startups, and independent developers often face significant barriers due to the high cost of dedicated AI hardware. By leveraging second-hand mining rigs, these entities can gain access to powerful computational tools at a fraction of the cost, fostering innovation and leveling the playing field in AI research and development.Moreover, this repurposing aligns with the broader technological trend of circular economy principles, which emphasize the reuse and recycling of resources. It exemplifies how industries can creatively adapt existing technologies to meet emerging needs, reducing waste and promoting sustainable practices.Wrapping this up, the second life of Bitcoin mining rigs as tools for artificial intelligence signifies a promising convergence of technologies. By repurposing these powerful devices, we can address cost, environmental, and accessibility challenges, while driving forward the frontiers of AI. This innovative approach not only highlights the versatility of technology but also underscores the importance of sustainable and adaptive thinking in the ever-evolving digital landscape.

The Second Life of Bitcoin Mining Rigs for Use in AI

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<a data-mce-href="DeepinScan.io" href="DeepinScan.io">DeepinScan.io</a> is a cutting-edge utility developed by IoTeX, designed to revolutionize the way we interact with and manage data from IoT devices. Its primary functions include scanning, analyzing, and managing IoT data in a secure and decentralized manner. Here's a detailed overview of what DeepinScan.io does:Key Functions of DeepinScan.io 1. IoT Data ScanningDeepinScan.io provides advanced capabilities for scanning data from various IoT devices. This includes capturing and recording data in real-time, ensuring that users have immediate access to the most up-to-date information from their devices.2. Data AnalysisOnce the data is scanned, DeepinScan.io offers robust tools for analyzing this data. Users can gain insights into device performance, detect anomalies, and make data-driven decisions. The analysis can be customized to meet the specific needs of different applications, whether it's industrial monitoring, smart homes, or healthcare.3. Secure Data ManagementDeepinScan.io leverages blockchain technology to manage IoT data securely. By recording data on an immutable ledger, it ensures the integrity and authenticity of the data. This decentralized approach eliminates the risks associated with central points of failure and enhances overall system security.4. Privacy ProtectionPrivacy is a critical concern in the IoT ecosystem. DeepinScan.io addresses this by providing end-to-end encryption for all data transactions. This ensures that sensitive information remains confidential and is only accessible to authorized parties.5. Real-Time Alerts and NotificationsThe platform can be configured to provide real-time alerts and notifications based on predefined criteria. This feature is particularly useful for applications that require immediate response to certain conditions, such as safety monitoring or equipment maintenance.6. Interoperability and IntegrationDeepinScan.io is designed to be highly interoperable, allowing it to integrate seamlessly with a wide range of IoT devices and systems. This flexibility ensures that users can incorporate it into their existing infrastructure without significant modifications.7. User Empowerment and Data OwnershipOne of the unique aspects of DeepinScan.io is its focus on user empowerment. By utilizing blockchain technology, it ensures that users retain full ownership and control over their data. Users can decide how their data is shared and monetized, promoting a more equitable IoT ecosystem.Example Use Cases Smart Homes: DeepinScan.io can monitor various home devices, such as security cameras, thermostats, and appliances, providing homeowners with real-time data and alerts to enhance security and efficiency. Industrial IoT: In industrial settings, DeepinScan.io can track machinery performance, detect anomalies, and predict maintenance needs, thereby reducing downtime and operational costs. Healthcare: For healthcare applications, the platform can monitor patient vitals and environmental conditions, ensuring timely interventions and improving patient outcomes. Environmental Monitoring: DeepinScan.io can be used to track environmental parameters such as air quality, temperature, and humidity, providing valuable data for research and policy-making. DeepinScan.io is a versatile and powerful tool for scanning, analyzing, and managing IoT data. Its emphasis on security, privacy, real-time capabilities, and user empowerment makes it a valuable asset in the rapidly evolving IoT landscape.

Track DePIN & where its being used

Bitcoin, conceived as a decentralized and peer-to-peer digital currency by Satoshi Nakamoto in 2008, represents a paradigm shift in financial systems. Its core principles revolve around decentralization, censorship resistance, and financial sovereignty. However, the rise of Bitcoin Exchange-Traded Funds (ETFs) seems to be at odds with these foundational ideals. While Bitcoin ETFs offer certain conveniences and open the doors to institutional investments, they arguably undermine the very principles that Bitcoin was designed to uphold.Centralization of Control Bitcoin’s decentralized nature ensures that no single entity controls the network. It operates on a distributed ledger maintained by a global network of nodes, making it resistant to censorship and central authority manipulation. In contrast, Bitcoin ETFs introduce a layer of centralization. Managed by large financial institutions like BlackRock or Fidelity, these ETFs concentrate control and influence over significant portions of Bitcoin in the hands of a few entities. This centralization contradicts Bitcoin's ethos, where control is meant to be distributed among all participants in the network.Custodial Risks One of Bitcoin’s fundamental principles is enabling individuals to be their own bank. Users have the ability to hold their private keys and have direct control over their funds, eliminating the need for intermediaries. Bitcoin ETFs, however, require investors to entrust their assets to custodians. This reintroduces the very risks Bitcoin was designed to mitigate: counterparty risk and the potential for custodial malfeasance or insolvency. By relying on third-party custodians, ETF investors forfeit the autonomy and security that come with direct Bitcoin ownership.Financial Sovereignty vs. Market Speculation Bitcoin was envisioned as a form of “digital gold,” a stable store of value and a hedge against traditional financial systems. It empowers individuals to manage their wealth independently of banks and financial institutions. Bitcoin ETFs, however, promote market speculation and short-term trading rather than long-term holding and financial sovereignty. These financial products are often used by institutional investors to hedge, speculate, and gain exposure to Bitcoin without actually engaging with the cryptocurrency’s core infrastructure. This speculative behavior can contribute to market volatility and detracts from Bitcoin's intended role as a stable and sovereign form of money.Regulatory Implications Bitcoin operates in a largely unregulated environment, which is part of its appeal to those who value financial privacy and freedom from governmental oversight. Bitcoin ETFs, on the other hand, must comply with stringent regulatory frameworks imposed by financial authorities. This compliance not only imposes traditional financial regulations onto Bitcoin but also sets precedents for further regulatory encroachments into the cryptocurrency space. The involvement of ETFs can lead to increased scrutiny and control over Bitcoin transactions, undermining its decentralized and permissionless nature.Disconnection from the Bitcoin Network Investing in a Bitcoin ETF does not equate to participating in the Bitcoin network. ETF investors do not interact with the blockchain, do not hold private keys, and do not experience the peer-to-peer nature of Bitcoin transactions. This disconnect from the network means that ETF holders miss out on the educational and ideological aspects of Bitcoin. They are less likely to understand or appreciate the importance of decentralization, cryptographic security, and financial self-sovereignty.Conclusion While Bitcoin ETFs provide a gateway for traditional investors to gain exposure to Bitcoin, they do so at the cost of undermining the cryptocurrency’s core principles. The centralization of control, custodial risks, promotion of market speculation, regulatory implications, and disconnection from the Bitcoin network all run counter to the decentralized, sovereign, and peer-to-peer nature of Bitcoin. As the cryptocurrency space continues to evolve, it is crucial to weigh the benefits of such financial products against the potential erosion of the very principles that make Bitcoin revolutionary. To truly embrace Bitcoin’s potential, it is essential to maintain its decentralized ethos and resist the allure of financial products that compromise its foundational values.

Insights

Day 2 - BTC Nashville 2024 - RFK speech

DAY 1 - BITCOIN Nashville 2024

Bitcoin - Its a Protocol!

The Second Life of Bitcoin Mining Rigs for Use in AI

Track DePIN & where its being used

The case against Crypto ETFs