Let's Decentralise Bitcoin Mining

Bitcoin mining has become more centralised. The Antpool Bitmain monopoly needs to be resisted.  FPPS and all its fiat variations need to go eventually. Let's decentralise mining, check out https://ocean.xyz/

Satoshi Retirement

So "retirement" is not the right word, graduating from work life, FIRE, minimal living, freedom, self actualization, choose your pill. I'm not sure what your preference is, but we all want to focus on what we are good at and not have to worry too much about compensation. Graduation from slave life must be close, I hope, now how many bitcoin do we need? 

In this exercise, I will ignore appreciation of the asset, aka NGU technology (number go up) pumpamentals. How many satishis per hour do you need before you die. But with the price at around $60KUSD one btc per year allocated now, seems ruffly reasonable. Especially since you know it will cover inflation and probably go up more, so your yearly budget can get a bit fatter. 1btc/year = 11415 sats per hour with a 24-hour day = 3 Sats a second. Feels like you could almost make that in zaps on nostr!But getting more real, considering our tip rate on Blogger, for an 8 hours x 5 days work week it comes to 13sats per second, 48077 per work hour, or currently around $30 an hour work spend equivalent.  So you need as many btc as you have years left to live if you can handle this budget. It is not great and it could be hard to save up this amount, especially if you're young, it might be 70 btc

Really we know the GNG tech will not fail and that we can include the growth of the asset base in our figures. In traditional finance, there is a rule of thumb for living off your assets where you can spend 4% per year. So if you want to retire starting at 1 btc per year you would need only 25 bitcoin.

Jeff Ross thinks you can double the rule of thumb for Bitcoin to 8% per year, because bitcoin has had such a great return and we can expect this to continue. That means you can cut the requirement down to 12.5 btc! that's $778,352??? What??? That seems LIke FIRE for many people!

So yes, you might want more than 60KUSD per year, but whatever it is it still seems quite low. My friend once told me he thought he needed 10 figures in the bank to quit working like a slave ($10MUSD+). You wouldn't normally think to retire off of $800KUSD at the moment, but maybe you would if it was converted to Bitcoin.