Replying to Avatar 343PG

This was an excellent panel - with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt - well worth a watch.

https://www.youtube.com/watch?v=sA4jzHIPj7A

A couple of separate but interlinked points made in this. First - is Bitcoin a cheatcode? No, strictly speaking - it's just money as it should be with a fair set of rules, but might just feel like that if you're early in its adoption phase.

Secondly - the concept that holding Bitcoin in its purest form is actually high time preference, not low. Reason being - you are holding it to be immediately accessible, rather than investing it into projects requiring capital with an expectation of greater returns than you put in over time.

My view is the reason this feels unintuitive is linked to (1) - it's an observation best framed in a wholly bitcoin denominated world. The hurdle rate (in bitcoin terms) is incredibly high during bitcoin's adoption phase. Imagine a simple project like building a house with materials and then selling it, and trying to make money in bitcoin terms. Which is why only bitcoin related projects stand much of a chance as an opportunity cost for simple holding bitcoin. Bitcoin only VC's have a tough (but noble..) pursuit.

It’s extremely challenging to increase your bitcoin volume while investing in a bitcoin company. But I do believe the impact you can have is significant towards the eventual outcome/survival of the network.

FE when I started BitcoinBrabant in 2021 I knew I wanted to strengthen the network whatever the cost. I first built a broad website where I offered help with accepting bitcoin payments and mining setups. After having helped out quite a few businesses with mining bitcoin, “storage” became more important. So the quest for proper signing devices began. Eventually after testing, taking apart, investigating as many options as possible we ended up with only three devices that we could recommend.

I’ve consistently asked other bitcoiners what they believe has higher priority. Is it the audiobook of “the bitcoin standard” in Dutch or another mining installation? The audiobook was the outcome, so I started reading and recording it, because nobody wanted to do it.

Throughout time you should ask what is most important for bitcoin that you can contribute to.

For me personally I have a simple end goal. Separation of money and state. It’s this natural freedom I want my kids to grow up in. If we can’t complete this on planetary scale in my lifetime I would be disappointed with my work towards this goal. As a species we are currently limiting ourselves because we are mostly using terrible money.

In the past years I didn’t increase my bitcoin volume, but we were able to get closer to my goal in life. Helping and inspiring thousands of people over the past few years is something I really enjoyed. Now I feel we’re moving more towards a stage that I have been preparing for. It’s either freedom or dystopia, are you willing to fight for it?

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