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    Logic MagazineGabriel Nicholas20 min
    2 reads2 comments
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    Logic Magazine
    2 reads
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    • jeff
      Top reader this weekScout
      1 month ago

      Really interesting read! The author paints a picture of a hard life, but I'm honestly surprised that any such "family farm" can exist at all in the US. The decentralized nature of it all means that you're competing directly with anyone else in the world, many of whom live in countries with a much lower average income and cost of living. It sounds like this family is living a unique and rewarding life. Hats off to them!

      “I’m not a rich dude,” Owen says. “I’m still living the same lifestyle — broken down cars, broken down house. The reason that I do this is the freedom to make my own choice. I don’t want to be told it’s Hawaiian shirt Friday.”

    • deephdave
      Top reader this weekTop reader of all timeReading streakScout
      1 month ago

      If these nouveau riche are crypto’s landed gentry, then the Collins family are its subsistence farmers. They put in long hours to keep the mining rigs running, the hackers at bay, and the stomachs of nine family members filled. Their yield is unpredictable at best and at worst, catastrophic. They may share the same principles as the crypto elite, but they aren’t making money hand over fist: in fact, they’re just barely getting by. They have made crypto their whole lives for ideological reasons, not financial ones. They are true believers in the principles around which crypto is organized, and their commitment to those principles is rooted in bitter experience. “I’m on this adventure because 2008 almost killed me financially. I’m not on dollars, I’m on Satoshi,” Owen says in his Texas Hill Country drawl. “When you come at me and ask what the value of something is and you say dollars, I’m gonna say fuck off.”