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Bitcoin is the economic singularity.

on August 09, 2023

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submitted by /u/JoeB34 [link] [comments]
http://dlvr.it/StPG7G

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I (ubuntu noob) want to assist the network by setting up a Bitcoin node on a Raspberry Pi, but Ubuntu has other plans.

*edit* Solved Prerequisites: * Raspberry Pi 5 * 64GB SD Card * Ubuntu Desktop LTS 24.04 * Kingston external USB disk 1TB I have: * Installed Ubuntu desktop on my Pi 5, and "sudo apt update && apt upgrade" * Verified that the Kingston disk can be accessed via the 'file manager' in Ubuntu. * Installed 'Bitcoin-core' (v 27.0) via the Ubuntu app store. When I click on the Bitcoin node app, I get a prompt (see screenshot) which says 'Approximately 12GB of data will be saved in this directory', and 'when you click OK, an additional 600GB of data will be downloaded', which I don't have space for on the SD card. Therefore, I want to point to my 1TB external Kingston disk, but this is my problem. It's not possible to point to the external disk (which I otherwise access via the file explorer without any issues). I found a bitcoin-config file which was empty. I tried to add: datadir=/media/username/KINGSTON b

I'm not buying Bitcoin because I want more USD, I'm buying Bitcoin because I DON'T WANT USD

I've had family members ask me if I'll sell when it hits $100,000 or whatever. And I respond by saying I'll never sell. They responded with, "why would you never sell? What's the point? Don't you ever wanna live life?" So I have to clarify, I will never sell for USD, because I don't want USD. When I feel like it, I'll use my Bitcoin to buy items I want, like a home, car, vacation, stocks, etc. And if I need to use USD as a medium in order to do that, then I guess I'll sell for USD to then buy the item I want. That's the conviction that so many people have with Bitcoin. We're not buying it to get more USD, we're buying it to get out of the USD system. Just some perspective, in case some have also been confused by the thought of others saying they'll "never sell." Edit: grammar submitted by /u/striped_sweater12 [link] [comments] http://dlvr.it/T0LfvD

Japan’s Government Investment Fund, the world’s largest pension fund, announces that it will solicit information to diversify operations, targeting bitcoin, gold, etc.

These guys have 1.5 trillion in assets. "Government Pension Investment Fund (GPIF) On the 19th, the company asked for information on diversifying operations. Information on illiquid assets that the GPIF does not invest in, and the target is Bitcoin, which is a typical cryptocurrency, as well as gold, forests, farmland, etc.... In addition to basic knowledge of the assets to be provided, information on how overseas pension funds are to be incorporated into their portfolios and actual investment examples will also be solicited." They aren't making a decision yet, but they're going to be looking at bitcoin. Also... this is taking place when the Bank of Japan has decided to raise interest rates for the first time since 2007, and will no longer apply yield control. Anyone connecting the dots here? submitted by /u/SleepCom [link] [comments] http://dlvr.it/T4JK4F

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