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My Journey To Bitcoin
I’m 47. Outside of my unrelaized carry in our portfolio companies nearly 90% of my liquid net worth is in BTC (ok maybe 80% BTC and 10% MSTR).
I use to be the poster child for Trad-Fi. Ivy League MBA and trained in Keynesian economics. Worked in Investment Banking at JPMorgan and witnessed the 2008 collapse and effects of money printing first hand.
For the last 7 years I’ve run a lower mid market PE shop and the effects of the monetary policy during the pandemic and the near 600 basis point rate increase in a span of 9 months and the cash impact of that on our levered portfolio companies (yes a few of them failed) was another moment of realization that the system I was trained in just doesn’t work.
Finally decided to humble myself and put in over 300 hours and relearn EVERYTHING I knew about economics and hard money even though it conflicted with everything I learned in my successful 16 year career on Wall Street / Private Equity.
The Result of The Inquiry: Came to a clear realization that Bitcoin is a once in a 1000 year phenomenon and is the Hardest Money ever created. AND even in my best years as an investor I can’t beat Bitcoin’s 4 year average returns. That was humbling.
As they say if you can’t beat em - Join em! I have been fully converted to a BTC Maxi 🫡
Glad to Join The Nostr Community!
Shoutout to nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l for the inspiration to join 🙏🏼
Welcome to freedom. Embracing the paradigm shift has many benefits. It is a pleasure to have you here.
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🔥 😍
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The Bitcoin protocol, with its decentralized, immutable, and transparent nature, can be leveraged to enhance the integrity and trustworthiness of election processes. Here's a potential framework for utilizing Bitcoin to ensure free and fair election outcomes:
Immutable Voting Records:
- [ ] Bitcoin-based voting ledger: Create a bespoke blockchain, utilizing the Bitcoin protocol, to record and store voting data. This ledger would be decentralized, meaning that it would not be controlled by a single entity, and would be maintained by a network of nodes.
- [ ] Immutable voting records: Utilize the Bitcoin blockchain's immutability to ensure that once a vote is cast and recorded, it cannot be altered or deleted. This would prevent tampering with voting records and ensure the integrity of the election process.
- [ ] Transparent voter verification: Implement a system to verify voter identities and ensure that each voter can only cast one ballot. This could be achieved through a combination of public-key cryptography and zero-knowledge proofs.
Prevention of Forged Ballots:
- [ ] Digital signatures: Require voters to sign their ballots with their private key, which would be linked to their unique identifier. This would ensure that only authorized voters can cast ballots and prevent forgery.
- [ ] Ballot verification: Implement a system to verify the digital signatures on each ballot, ensuring that they match the voter's public key. This would prevent forged ballots from being counted.
- [ ] Decentralized ballot validation: Utilize a decentralized network of nodes to validate ballots in real-time, ensuring that only legitimate ballots are counted.
End-to-End Verifiability:
- [ ] Voter-verified audit trails: Provide voters with a unique identifier or receipt that allows them to verify their vote was counted correctly.
- [ ] Publicly accessible voting data: Make the voting ledger publicly accessible, allowing anyone to verify the integrity of the election process.
- [ ] Independent auditing: Enable independent auditors to verify the accuracy of the voting results, ensuring that the election process is fair and trustworthy.
Benefits:
- [ ] Increased transparency: The use of a decentralized, immutable ledger ensures that the election process is transparent and tamper-proof.
- [ ] Improved security: Digital signatures and decentralized ballot validation prevent forgery and ensure the integrity of the voting process.
- [ ] Enhanced voter trust: End-to-end verifiability and publicly accessible voting data enable voters to trust that their vote was counted correctly.
- [ ] Reduced costs: The use of a decentralized ledger and digital signatures can reduce the costs associated with traditional voting systems.
Challenges:
- [ ] Scalability: Implementing a blockchain-based voting system for large-scale elections could be a challenge, requiring significant infrastructure and resources.
- [ ] User experience: Ensuring a seamless and user-friendly experience for voters is crucial, particularly for those who may not be familiar with blockchain technology.
- [ ] Regulatory frameworks: Developing regulatory frameworks that support the use of blockchain-based voting systems is essential for widespread adoption.
- [ ] Security risks: As with any technology, there is a risk of security breaches or vulnerabilities, which must be mitigated through robust security measures.
By leveraging the Bitcoin protocol, it is possible to create a secure, transparent, and trustworthy voting system that ensures free and fair election outcomes. However, it is essential to address the challenges and complexities associated with implementing such a system, and to ensure that it is scalable, user-friendly, and secure.
The Nostr protocol's public-private key pair solution can be utilized to enable voters to sign their ballots with their private key, providing a secure and verifiable way to cast their votes. Here's how this can work:
Voter Registration:
- [ ] Generate key pair: Each voter generates a unique public-private key pair using the Nostr protocol.
- [ ] Register public key: The voter registers their public key with the election authority, which is then stored in a public directory.
- [ ] Keep private key secret: The voter keeps their private key secret, using it to sign their ballot.
Voting Process:
- [ ] Cast ballot: The voter casts their ballot, which is then encrypted and signed with their private key.
- [ ] Verify signature: The election authority verifies the signature using the voter's public key, ensuring that the ballot was indeed signed by the voter.
- [ ] Validate ballot: The election authority validates the ballot, checking that it was correctly filled out and meets all the necessary criteria.
Benefits:
- [ ] Authentication: The use of public-private key pairs ensures that only authorized voters can cast ballots, preventing unauthorized access.
- [ ] Non-repudiation: The voter's private key signature ensures that they cannot deny casting the ballot, providing a clear audit trail.
- [ ] Integrity: The encryption and signing of the ballot ensure that it cannot be tampered with or altered during transmission or storage.
- [ ] Verifiability: The use of public-private key pairs enables voters to verify that their ballot was counted correctly, providing an additional layer of transparency.
Nostr Protocol Advantages:
- [ ] Decentralized: The Nostr protocol is decentralized, allowing voters to register and cast their ballots without relying on a central authority.
- [ ] Censorship-resistant: The use of public-private key pairs and encryption makes it difficult for authorities to censor or alter votes.
- [ ] Flexible: The Nostr protocol can be used for various types of elections, from simple yes/no votes to more complex elections with multiple candidates.
- [ ] Scalable: The Nostr protocol is designed to be scalable, allowing for large numbers of voters to participate in elections without sacrificing security or performance.
Implementation Considerations:
- [ ] User education: Voters need to be educated on how to generate and use their public-private key pairs, as well as how to cast their ballots using the Nostr protocol.
- [ ] Key management: Voters need to securely manage their private keys, using techniques such as password protection or hardware wallets.
- [ ] Infrastructure: Election authorities need to establish the necessary infrastructure to support the Nostr protocol, including public key directories and verification servers.
- [ ] Regulatory frameworks: Governments and regulatory bodies need to establish frameworks that support the use of decentralized voting systems, such as those based on the Nostr protocol.
By utilizing the Nostr protocol's public-private key pair solution, voters can securely and verifiably cast their ballots, providing a robust and transparent voting system.
GM and PV.
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You have my full support nostr:npub1h0fd5xu8rfhwdkkjr78ssdhm7rdjyf97hhjqr9acwv77ux0uvf8q23kvcg 💪🏾
HAPPY BIRTHDAY nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
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#introductions
nostr:note1z9ephyr5d0x50nj6kl8czc755m4verelt46g3dc57ns6pxsvzuns7derp6
nostr:nprofile1qqs856uv0hshr92uy9x76l34e3uze4kamlg5r2a3j2wxxtmfxj8x7jgpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0et8e44 ... Thanks for the welcome and, in response to your question about my art... You can check out. Http://andwhyproductions.com/fine-art if you'd like :-)
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Welcome to #Nostr.
…nice fine art work. 👍🏾💪🏾
Agreed 👍🏾 💯
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