I'm so sorry for your loss Pablo 🤍 It's hard watching someone you love suffer, its hard letting them go, its hard not having them around anymore. But every memory, what shaped you, the bond you had with her, that's part of you forever and nothing will take that away 🫂
I really like this concept and analogy of having an equity in Bitcoin that Jack shared in Madeira. For a long time now I was trying to figure out how it works for innovators and entrepreneurs in an open-source environment like Nostr. I thought Jack positioned this really well in one of his talks.
In startups or nascent businesses, the founders and the early employees often take home measly salaries for a few years but they have equity in the company with a vesting schedule.
The technicalities are slightly diff, in a typical startup environment, employee share options gives you the rights to purchase shares at a predetermined price when the vesting schedule is met (strike) - in hopes that in a few years, the value of the company will go up.
Similarly, the grants that pay in Bitcoin are likened to having some equity in bitcoin, but it is entirely up to you what you use to keep and what you use to spend.
Another concept that Jack shared was long term grant holders to provide some stability among developers so that they can breathe easy and build their business of sorts over a few years. What this shared concept then takes away are paint points such as high operating cost, having employees etc.
I’d also reckon other elements that go into building businesses such as design, marketing are independently formed but shared by many.
What this could mean (and pls cross check with nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m, nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx, open sats team and other grant providers) is that if you are in marketing, publicity, PR, engaging and educating users, sales etc - ie non-developers but business builders - then you could possibly form business strategies on how you can help several developers here expand in these areas and apply for grants for it.
I’m sure there are many ways, but I love how this now becomes very easy to visualise growing businesses on Nostr and open-source environments.
i am so truly sorry for your loss 💔 I've had mine for 11 years and I cannot imagine life without him. I've had dogs all my life and it never gets easier. Their love is so genuine and pure. I am so sorry you lost your girl.
❤️
aww that's exciting and hugs to your wife🫂. It must be quite adventurous everyday in the hodlbod household!
wow i did not know you have 5 sons, amazing!
well, its a good thing bitcoin is for the people by the people, and permissionless
Staying up late to watch some of the bitcoin atlantis (madeira) conf - its def an upliftment to the soul and gives hope for this world we love. I just love how so many people from around the world are coming together to build a path for freedom with bitcoin.
Some of the stories - France CPA devastation in Togo - the country is so poor that women have to deliver on the floor in the hospitals because hospitals can’t afford hospital beds. Nigeria and just how generally people are looked down upon in various examples, that and often many services are not available.
Some of the work Btrust is doing is incredible in developing and empowering grassroots developers and educators and awareness. And the Bitcoin Africa conferences that radiates so much energy signalling wide publicity for adoption.
That and them tapping on deeper towards global south - esp Central America and South America and rest.
An example - Jamaica and Singapore gained independence in the 60’s, both tropical land, both had abt gdp per capita of $425, and abt 1.8 mill people. Fast forward to 2021, singapore has gdp per capita of $73k and almost 6 million population, Jamaica only has $5k gdp per capita with still the same amt of population. Bob Marley has spoken and sang so much of the challenges of Jamaica in the 60’s - 80’s
While Jamaica wasn’t part of the example from the conf, it shows just how much unevenness exist around the world.
Nigeria, Bangladesh are among the most populous and poorest countries in the world. All this effort done for bitcoin user adoptions will benefit many countries ard the world and bring balance to the global south.
Early last year I started the year with this thought - 'what if today is my last day?' - Would I still be angry over half the things that irked me or it doesn’t matter anymore ? Have I told the people I care about that they are truly wonderful and they have inspired me in many ways ? Have I helped people I could have helped ? Have I done everything I could have? This changed my perspective on a lot of things and how I reacted. In recent times admittedly I forgot about this but was reminded again today. It is surely a very humbling feeling to have.
just watched Bitcoin Atlantis Madeira with Jack, Gladstein, Natalie and Jeff Booth. Great stuff. Loved how much hype Nostr gained from this event. And reminded of the economic benefits of Nostr Zaps.
One of the most obvious solution to this thread and woes of foreign workers lack of access to financial technology is Nostr's zap. It crossed my mind many times.
The only challenge I had was language barrier /limited vocab which made it hard in explaining what nostr is let alone nsec, npub, relays. But like with every problems, there lies interesting solutions - def something to think abt and figure out.
This is a practical solution to normalise Bitcoin as money for many places around the world. The voucher operates as an intermediary to remove KYC . Anyone can buy the vouchers from local stores, vending machines using cash, and convert the vouchers to bitcoin.
Today I was sorting out the warehouse, and I took on services from domestic helpers. The cost of foreign labour workers in my country, per hr is about $3.75 - $5. And out of that, their boss takes half of it. They work 8 hour, 6 days a week with a monthly wage of abt $360 - $480
These girls (and sometimes guys) are fast learners and hardworking. I wanted to give tips but was out of hard cash.
Unfortunately they don’t have bank accounts as they can’t open one here (the conditions a foreign labour worker and an expat are miles apart). Nor do they have digital wallets as it’s all KYC.
They didn’t know what Bitcoin was nor were thrilled by it as there weren’t use cases they could relate too.
I remember reading about foreign remittance. I guess another use case for foreign workers would be using bitcoin as money, within the countries they are working at.
In my country, about 10% of the population are documented foreign workers and likely 25% undocumented. I am certain this might be the same in a lot of places.
How can we help them live a more free life ?
I was wondering what could be the best way for Bitcoin user adoption to pick up in this instance.
We need several things to work here :
1. Regular businesses to adapt
2. People to download wallets and get familiarise with it as money.
3. Easier, non-kyc way to convert their Fiat currency to bitcoin.
(Access to the internet is not an issue although this may be diff for other countries and rural places.)
The existing ways for fintech adoption would be to go country to country, work with their financial policies etc. This takes time, effort, money and requires the wallets to be KYC.
(This works in adopting businesses - as businesses can have KYC. Only people need non-KYC option.)
I was then wondering what could be a way we can codify a hub and spoke model that can trigger ripple effects?
Perhaps empowering the people to be creators of their communities to create wallets and engage local businesses they regularly liaise with ?
I recall some of the foreign workers I’ve spoken to have degrees, some even masters degrees, one was a lecturer, another an accountant and they are doing hard labour for money, because their country is even poorer.
Another question is how do we exchange their Fiat currency to bitcoin without kyc? Currently P2P works but the ones i know, you still need a bank account, visa, mastercard etc unless you know people who are willing to exchange in underground markets . Would web5 work in this instance ? How about Azte.co bitcoin voucher?
These are just random thoughts I had today if anyone wants to bounce off more ideas and thoughts or pick it up.
love the book of proverbs, so much wisdom. love the mug too!
like irc?
Have a chill and relax day y’all! Life is always work in progress
good morning! time is flying! have a wonderful month nostr:npub1r0rs5q2gk0e3dk3nlc7gnu378ec6cnlenqp8a3cjhyzu6f8k5sgs4sq9ac
lol. whoever is running spiral account surely has a good sense of humour
nostr:note1zs9kqk5zfxqtsf4evfzxf9dpdten9atajrflju75ka8md50vv83ssm8dsq
just a little shout out to people who bring humour, art, music, health tips, food tips and the little bits of life that makes the day a little lighter. You are valued 💜
eh - i replied on the long form on snort but its on the main post for primal lol. cc nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft
Ref : Pablo's article