TD₿: Bitcoin is Fourth Turning Money - Brandon Quittem
TL;DR: Bitcoin is unique. In our current climate, we need something that the whole spectrum of political beliefs can relate to. Bitcoin is a new form of social institution we don't trust; we verify.
Hey Bitcoiners,
Bitcoin is emerging as a new form of social institution with unmatched integrity. It does exactly what it promises—nothing more, nothing less. This "Fourth Turning money" arose during deep financial distrust and offers a neutral, incorruptible infrastructure that doesn't discriminate.
But the big question remains: Is Bitcoin just a temporary solution, or can it become the bedrock of our monetary system for the next 50, 500, or even 5,000 years?
As we navigate through the current climate of uncertainty, Bitcoin's role as a stable, decentralized financial system could potentially outlast previous systems like gold or fiat currencies. However, the real challenge lies in preserving its core values and ensuring it doesn't decay over time.
We must ensure that Bitcoin remains resilient through future turning cycles and consider these critical questions as Bitcoin continues to solidify its place in the global economy.
Watch the full episode with Brandon Quittem here.
Enjoy!
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The Swan Education Team
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Quote of the Day
“Fix the money, fix the world. It's really that simple.”
- Marty Bent
Job of the Day
Miner Maintenance Technician II
Corsicana, TX, USA
Full-Time
Department: Business Operations / Mining
About Riot Platforms
Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining data center operations in central Texas and electrical switchgear engineering and fabrication operations in Denver, Colorado.
Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that combining an innovative spirit with strong community partnerships allows the Company to achieve best-in-class execution and create successful outcomes.
Riot is actively expanding and improving its Bitcoin mining operations through innovation, expansion, and procurement, including large-scale expansion of its Texas-based mining and hosting facilities. Join us in building the world's leading Bitcoin-driven infrastructure platform.
Key attributes we are looking for
You are interested in Bitcoin and are involved in the sector. You are creative and innovative and strive to improve organizational efficiency. You have strong communication skills and can multitask. You identify problems and solve them. You take initiative, are self-sufficient, and are detail-focused.
About the role
We want to add a Level 2 Miner Maintenance Technician to our growing Miner Maintenance Department. As a Level 2 Miner Maintenance Technician, you will be responsible for the advanced diagnostics and repairs to all miners on site and compiling reports to share with management. This on-site position will directly support our Miner Maintenance Team at our Corsicana, TX, location.
Essential Functions
Perform advanced diagnostic and repair techniques for all miners on site, including diagnosing the power supply and control board, performing firmware uploads, changing miners' settings, handling escalated board ticket repairs, and performing diagnostics on power distribution units.
Compile reports of all non-hashing machines in assigned areas.
Commission new miner installations.
Identify and report all network outages to the Assistant Supervisor.
Assisted in keeping inventory of parts and tools using a checkout procedure.
Take the lead on tracking inventory of all assigned buildings by compliance.
Assist in Research & Development projects.
Train Tier 1 Technicians.
Build heat maps of immersion tanks to help diagnose overheating sections.
Operate a scissor lift at heights up to 20 feet to install and maintain Bitcoin miners.
Other duties may be assigned.
Knowledge, Skills, and Abilities
Excellent multitasking skills.
Ability to work under pressure with minimal supervision.
Excellent problem-solving skills.
Detail-oriented and highly organized.
Ability to problem solve and diagnose basic machine failures.
Ability to bring attention clearly and promptly to any major errors in the Data Center that involve the Miner Maintenance team.
Ability to work at heights on lifts and ladders required.
Ability to work and collaborate in a team environment.
Education and Experience
High School Diploma or GED.
Proficient with Excel and Outlook and monitoring production software.
Knowledge of basic tool use, including multi-meter, screwdriver, test-light, box cutter, and wire cutters.
Experience with computer troubleshooting and repair is required.
Experience in networking troubleshooting.
Strong verbal and written communication skills.
Schedule
12-hour shift.
Holidays.
Night shift.
Overnight shift.
Weekends as needed.
Compensation and Benefits
Competitive salary commensurate with experience.
401k plan with company matching.
Great medical, vision, and dental plans to choose from.
Long-term and Short-term disability.
Additional benefit options (Employee Assistance Program, Pet Insurance, and more).
Flexible Spending Accounts.
Generous PTO and Paid Holidays.
A fun company culture with tremendous growth opportunities!
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
BlackRock's Bitcoin ETF Faces First Loss Since May—$13.5M Outflows Signal Potential Shift: Farside Investors
According to data from investment management firm Farside Investors, the iShares Bitcoin Trust ETF (IBIT), the largest spot Bitcoin ETF by total assets, experienced net outflows of approximately $13.5 million last Thursday. This marks only the second time BlackRock’s Bitcoin fund has recorded net outflows since its launch in January.
On This Day (In Bitcoin History)
Colorado becomes the first U.S. state to accept Bitcoin payments for taxes
Governor Jared Polis announced during Denver Startup Week, reflecting his administration’s commitment to fostering innovation and embracing digital currency solutions. On September 1, 2022, the Colorado Department of Revenue began accepting Bitcoin payments for various state taxes, including individual income tax, business income tax, sales and use tax, withholding tax, severance tax, and excise fuel tax.
The process was facilitated through the PayPal Cryptocurrency Hub, which allows taxpayers to pay in Bitcoin. This integration with PayPal ensured a smooth transaction while also imposing certain service fees and restrictions, such as the requirement that the entire value of the invoice be available in Bitcoin within the payer’s PayPal Cryptocurrencies Hub.
Swan Shortie of the Day
Event of the Day
Indonesia Bitcoin Conference 2024
Dates: September 6-7, 2024
Location: Bali, Indonesia
The Indonesia Bitcoin Conference is a prominent, community-driven event dedicated exclusively to Bitcoin. Organized by the Asosiasi Indonesia Bitcoin Community, the conference aims to enhance awareness and understanding of Bitcoin while strengthening the local and international Bitcoin community in Indonesia.
Key Details
Focus: This is a Bitcoin-only conference, meaning it centers solely around Bitcoin and related technologies such as the Lightning Network rather than encompassing a broader range of cryptocurrencies.
Purpose: The event educates and brings together Bitcoin enthusiasts, professionals, and companies. It covers a range of topics, including the future of Bitcoin, mining profitability, regulatory developments in Indonesia, and Bitcoin's role in human rights.
History: The first conference was held online in 2021, attracting over 1,000 participants. It has since grown into an annual event highly anticipated by the Bitcoin community in Indonesia.
Speakers and Agenda: The conference features a diverse lineup of speakers, including well-known figures like Dr. Saifedean Ammous, author of The Bitcoin Standard, and Robert Breedlove, CEO of Parallax Digital. Topics covered include Bitcoin's future, mining, adoption in Indonesia, and on-chain analysis.
In 2024, the organizers announced that the conference would shift to a biennial schedule, with the next event planned for 2025. In the meantime, the community remains active through meetups and other educational initiatives.
For more details, you can visit the official Indonesia Bitcoin Conference website.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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