BowTiedSats
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Kenya, Energy and Bitcoin

Kenya, Energy and Bitcoin

Sats O'Clock
June 03, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's June 3, 2022.

Bitcoin is hovering around $30K at the time of writing.

Binance CEO is bullish on Bitcoin.

#bitcoin works anywhere on earth.
— CZ 🔶 Binance (@cz_binance)
12:33 AM • Jun 3, 2022

On the back of bearish mining news from New York, North Dakota is getting some big investment in Bitcoin mining.

NEW: #Bitcoin miner Bitzero announced they're building a $500 million facility in North Dakota 🇺🇸
— Bitcoin Magazine (@BitcoinMagazine)
9:46 PM • Jun 2, 2022

Some supply and demand economics of Bitcoin.

It’s time for a fresh take on Bitcoin’s supply/demand dynamics. Take a look at this first chart, and we’ll dive in. 🧵
— Jurrien Timmer (@TimmerFidelity)
9:06 PM • Jun 2, 2022

Kenya embracing the game theory of Bitcoin.

BREAKING: Kenya’s largest electricity producer to offer surplus power to #Bitcoin miners 🇰🇪
— Bitcoin Magazine (@BitcoinMagazine)
5:29 PM • Jun 2, 2022

It turns out the whales are actually exchanges buying the dip.

No, whale balances have dropped like a rock. (left)
The rise in balances of addresses with over 10K BTC are EXCHANGES. (right)
Please consider nuance in your posts. You have a large following and these are the type of posts that have given on-chain such a bad reputation.
— Will Clemente (@WClementeIII)
5:04 PM • Jun 2, 2022

We are still very early.

Right now 5x more countries have “banned” Bitcoin (10) than have made it legal tender (2)
Stats like this make you realize how early we really are.
— Will Clemente (@WClementeIII)
5:26 PM • Jun 2, 2022

An interesting thread on using one dedicated computer for Bitcoin transactions.

Every #Bitcoin er should seriously consider using a dedicated computer for their bitcoin transactions. Here I explain in detail about buying, wiping Windows, and installing Linux on a cheap laptop.
— Parman ⚡ Bitcoin Mentor (@parman_the)
2:21 AM • Jun 2, 2022

If you missed it...

Here is an excellent thread by Gigi on how Bitcoin bends space, time and energy.

While #Bitcoin is just information, there are real physical limits that all decentralized systems will run in to.
One limit is the speed of light and thus the time window in which consensus can be reached.
— Gigi ⚡🧡 (@dergigi)
9:54 AM • Mar 25, 2022

MEME OF THE DAY

Bitcoin fixes this.
— Dan Held (@danheld)
3:04 PM • Jun 2, 2022

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