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0 sats \ 2 replies \ @MinnFinTech OP 23 Oct 2024 \ parent \ on: Minneapolis Bitcoiners Meetup - Wednesday, Oct 30th, 2024 @ 6PM events
Not a brewery, a Whiskey Distillery!
Check it out in the video in this Tweet from a prior meetup:
(And yes, by the U of MN, directly adjacent to Surley brewery)
There is a private Telegram group,
Bitcoiners In Minneapolis
Send a DM to the organizer:
https://x.com/Bquittem (or on Telegram, same username) to request an invite
Meetups occur roughly once a month.
They are added to this calendar:
https://tcbitcoin.com
If I'm trying to build something, I generally stick with it until I've got it working, so that can mean Sundays and many many Sundays, and many holidays, etc. I know, that's not healthy, moderation, blah blah blah.
I'm currently Fiat mining again so I'm trying to make the most of that. And for a little while my rule was to not work Sunday, and instead sleep late, veg for a little bit and maybe do some shopping or dinner with family or something like that.
However now I'm so mentally wiped by Friday evening that Saturday is the day I sleep in, veg a good chunk of it, and then Sunday I'm right back doing work a half day or more, cuz I'm refreshed.
The exception is when it's summer temperatures
If it's nice weather on both weekend days I'll take Saturday and Sunday off, do some bicycle riding, or some other reason to be outside. Where for a weekend when both days are bad, then just the opposite -- I will work both days quite often.
And then if only one day is going to be good well then that's the day I take off and the other day I'm at work, whether it's Sunday or Saturday.
The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
On the March 16, 2022, bipartisan Blockchain Caucus letter… I have a few notes:
The link for this post is using the 12ft proxy service for the article on The Star Tribune's website. Reading via the proxy can make that article easier to read. The original article, on The Star Tribune's website, is:
Compute North — flying high just months ago — now part of crypto bankruptcy wave
https://www.startribune.com/compute-north-flying-high-just-months-ago-now-part-of-crypto-bankruptcy-wave/600230066
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
Was at the grocery store today and saw some prices for items related to Thanksgiving meal as being relatively reasonably priced, surprisingly. Some had special pricing that was probably even lower than last year's prices -- if I were pressed to say, based on memory.
But I wasn't there for Thanksgiving dinner shopping and literally everything else I grabbed had to be 50% higher, or more, than what I remember paying a year ago or two years ago. A "family size" box of a brand name cereal ..., $7.50! Oranges, I grabbed a few after reading they were $1.29 per pound -- which I think seems fair. Only at the register did I then learn -- they were actually $1.29 ... EACH!
This store did some renovations and is trying to be more "upscale" or something and their prices jumped up around the same time, so I probably could just drive to the next town over to the Walmart super center for better prices. But then that's $8 in gas round trip (up from maybe $5 pre-pandemic) -- and if I was only grabbing a few things the spend on gas would be a wash versus the savings on the small grocery purchase, and my shopping trip would have taken more than twice as long due to the drive.
But after seeing this post, I'm wondering if they had set their prices on Thanksgiving items to attract shoppers or if it was instead a 4-D chess move so that any Thanksgiving dinner survey taker would see little to no price inflation occurring, which would skew the results of the survey -- resulting in the Fed pivoting sooner than if the Thanksgiving dinner prices at that store weren't at severely reduced levels (relative to those prices seen just a number of days before).
Here's the Tweet from CNBC with an interview from SEC Gary Gensler this morning:
"This is not like the NYSE or Nasdaq. These platforms co-mingle. It's a toxic combination where they take people's money, they borrow against it, not much disclosure, and then they trade against their customers," says @GaryGensler on #crypto. "Building the evidence takes time."[video]
The Glencoe crypto operation is owned by Bit49, a Colorado-based company. Cody Nelson, Bit49's chief operating officer, said the company has gone to great lengths to respond to the couple's concerns."We've done everything we can," he said. "We consult professionals; they say, 'Do this,' and we do it."
Nelson said the company has taken a number of steps to mitigate the noise from its operation, which opened last winter. They're operating fans at lower RPM and have installed sensors that reduce the fan speed in cooler weather when the computers run less hot. Exhaust vents now have hoods and baffles that help diffuse the sound, and the company added an evaporative cooling system to further reduce the need for fan cooling.
Just last week, the company installed a polymer soundproofing blanket along the fence, which Nelson said could significantly reduce noise."That was an expensive fence," Nelson said, costing tens of thousands of dollars. "We won't be doing any more of that fence. It would be cheaper to buy their house."
When Bit49's crypto operation first opened, it was producing sound levels of 80 to 85 decibels, which is about the same as a gasoline-powered lawnmower or leaf blower running 24 hours a day. Nelson said the noise is now in the 70- to 75-decibel range, equivalent to a washing machine or dishwasher. The soundproofing blanket could reduce that by 20 decibels or more, he said, and the company plans to retest the noise level now that the soundproofing is installed.
Gould and Olson really shouldn't have any expectation of quiet solitude, Nelson said, given that the land across the street from their home has been zoned for industrial use for decades.
"Honestly, in my opinion, they're making noise because they think we make a lot of money and they think they'll get something out of it by fighting us," he said.
"We're worried about our health. We're worried about our sanity," Gould said. "We feel greatly oppressed."Said Olson: "I'm just crossing my fingers that this one will go under."
The link for this post is using the 12ft.io proxy for the article on the Star Tribune's website. The 12ft.io proxy has no paywall, no subscription requirement, and can be easier to read. The original article, on the Star Tribune's website is:
Neighbors unhappy about crypto mining operation in Glencoe, Minn.
https://www.startribune.com/neighbors-unhappy-about-crypto-mining-operation-in-glencoe-minn/600212074
The fast-paced, personal-stakes cryptocurrency heist story stars Jeremy Davies (Twister, TV’s “Lost,” Saving Private Ryan), Tom Cavanagh (TV’s “Scrubs,” “Ed,” “The Flash”), Noah Anderson (Realm of Shadows, Broken Cross), Ella Ma (Bridge and Tunnel), and Frank Whaley (Field of Dreams, Pulp Fiction), and is directed by Matt Osterman (400 Days, Hover). Mill Creek/Allied Entertainment’s Bitcon arrives on Digital and DVD on October 18, 2022.
Hey, I recognize that city!
This is the first I knew about it.
A missing hard drive with hundreds of thousands of dollars in cryptocurrency and the issue of trust in the modern era.
Here's an article from CoinDesk that covers this interview:
“I'm totally opposed to OFAC looking at this,” said Emmer. “My problem is that this software is controlled by code, not by any person or entity. So if you think about it, the sanctioning of Tornado Cash is an unprecedented shift in the Office of Foreign Asset Control in their sanctioning policy.”“Their primary priority is protecting the United States national security,” he added. “So I think our role – Congress – can be most effective in inquiring with OFAC to find out if they believe the sanction addresses are controlled by people, not code, and what this means for privacy rights and innovation.”
US Treasury's Tornado Cash Sanctions Are ‘Unprecedented’, Warns Congressman
https://www.coindesk.com/policy/2022/08/18/treasury-tornado-cash-sanctions-are-unprecedented-warns-us-congressman/
The Tornado Cash ban is adding to an already heated debate in Washington over who should regulate crypto and to what extent. Joining "First Mover" to share his thoughts is Congressman Rom Emmer of Minnesota. Also joining, Omid Malekan, Columbia Business School Adjunct Professor and Nauman Sheikh, Wave Financial Managing Director.
Congressman Emmer is introduced at about 0:07:25 into the video.
well written @NWilliams_STrib. in the future it would be helpful to distinguish between bitcoin and 'crypto' for those new to the space.
Home Depot, Whole Foods and Starbucks are among retailers that now accept crypto at checkout, said Vivian Fang, Honeywell professor of accounting at the University of Minnesota's Carlson School of Management. Payment platform and credit service company PayPal late last year introduced a crypto checkout option, and most services that use PayPal now let shoppers pay for their items with crypto."That opens up the options to over 2 million online merchants in the U.S.," Fang said.
Immigrants also have been increasingly using it to send money to relatives in their home countries, according to the Wall Street Journal.
Right now, 159 Coin Cloud kiosks are in Minnesota, with 105 inside UNFI-owned groceries.
Earlier this year, La Crosse, Wis.-based gas station and convenient store operator Kwik Trip — which has over 800 locations in Wisconsin, Minnesota and Iowa — announced a partnership with Bitcoin ATM operator Coinsource. Texas-based Coinsource's kiosks are in 2,500 locations in 46 states.