Key facts:
Mining Bitcoin from home benefits privacy and resistance to censorship
Econoalchemist does not consider himself a maximalist of Bitcoin, but of freedom
The Guns and Bitcoin conference, held during the first days of April in the city of Miami, led CriptoNoticias to meet interesting specialists (and activists) of Bitcoin and individual freedom.
One of the most notable, who since that conference gave a talk on how to self-custody bitcoins, is Econoalchemist. The specialist has been an important disseminator of the best practices to protect the BTC and also about how to mine bitcoin from the comfort of home.
In an interview with CriptoNoticias, Econoalchemist assured that during the last year Bitcoin mining from home has become popular, and users are finding ever more ingenious ways to integrate this technology into their homes.
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“These home miners are coming up with very creative ways to integrate these mining machines into their homes and doing amazing things with the emerging technology and capturing the heat byproduct that the miners produce to use to heat their homes and reduce the cost of electricity.” energy in other areas such as natural gas”.
Econoalchemist, specialist in Bitcoin mining from home.
The State Threat on Bitcoin Mining and Custody of Value
In the context of conferenceEconoalchemist told us about the value of mine from home to achieve individual self-sovereignty and overcome state censorship, as this type of mining allows us to obtain bitcoin without revealing our personal data and identity, in addition to taking full custody of our money and resources.
However, he thinks it quite possible that Proof Of Work mining is banned by states and that situations such as the confiscation of equipment in China, which occurred last year, or the one in Kazakhstan, which occurred at the beginning of 2022, are repeated.
“I really think that people should be prepared and make serious considerations about their level of privacy, how their machines communicate with the Internet and also with their privacy on the chain, what they are doing with the rewards they earn by mining,” he says. .
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“In my opinion, all governments are leaning towards tyranny and are trying to rrestricting popular movements, they’re trying to eliminate bodily autonomy, they’re trying to weaponize money, and so as more people can take power back into their own hands through home-based Bitcoin mining, they’ll find a way to attack it because it solves real world problems. So no matter what kind of situations they face, they will find a way to make it.”
Econoalchemist, specialist in Bitcoin mining from home.
Tools for freedom beyond maximalism
The Guns and Bitcoin conference was about much more than Bitcoin, including not only firearms as a tool for the defense of life, private property and wealth, but also monero (XMR), a cryptocurrency that has a lot of value. better privacy than bitcoin (BTC).
Faced with the necessary question about whether Econoalchemist considered himself a Bitcoin maximalist, the specialist responded directly: “I don’t think monero (XMR) is a shitcoin.”
“I think that monero solves a problem where there is a blind spot in the privacy of Bitcoin (BTC) and I think that it is a valuable tool and when the government is leaning towards tyranny and individual rights are being eroded little by little, people need use every tool they have access to to defend what they value and defend their freedoms […]».
Econoalchemist, specialist in Bitcoin mining from home.
Enjoy the full interview with Econoalchemist on the YouTube channel of CriptoNoticias.