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Andrew M. Bailey
2645caf5706a31767c921532975a079f85950e1006bd5065f5dd0213e6848a96
I’m here to chew bubblegum and talk about bitcoin and I’m all out of bitcoin
Replying to Avatar Dylan

I'm convinced you guys left this on https://www.resistance.money/ as a forever tease. Soon isn't happening soon. Although, I'm getting close to capitulating and buying an Amazon gift card or through a local store but I'd really rather send my sats directly to you all.

nostr:npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 nostr:npub1jddnc9ma408dey575wcsqhg5jtc2n7765y4gdnnrswlwgqnnat7swe4s60 nostr:npub10afr060h0g3vf2ykynr6cvw2u7ta3tzpgjczfyufp420aeeen0xszf0xj0

We’ve approached three merchants who sell books for bitcoin, but none of them are interested in stocking this volume. We will keep on trying until we find someone who will, though. Unfortunately we can’t take on the merchant role ourselves — we have day jobs and can’t afford the time and expense of stocking and shipping books; that work is best left to experts.

If anyone is reading this and interested in selling our book for bitcoin, drop me a line. We can hook you up with a significant author discount (30% off list price, shipped anywhere in the world — roughly $22 USD/each), and you’d be free to mark it up from there and pocket the difference.

Cash is good. Bring back supernotes, and in bigger denominations — $500, $1,000, even $10,000. But for better financial privacy, we need supercoins too, without serial numbers. This is perhaps my most unusual money policy stance: the US should mint $100 and $1,000 coins.

The latest review of Resistance Money is out — this time in The Spectator: https://www.spectator.co.uk/article/does-bitcoin-fit-the-definition-of-good-money/

immediately implementing a jubilee: closing all browser tabs, marking all messages as read, restarting laptop

It is good to be free.

Maybe https://thesaifhouse.com/ could become the merchant and start selling the Resistance Money as well? Apparently they offer Lyn Alden's book.

#asknostr

Unfortunately, Saifedean blocks the authors of the book on Twitter and doesn’t take kindly to folks who have the temerity to disagree with him. But we don’t hold a grudge and would love to see our book for sale on his site for bitcoin!

“Years ago my mother used to say to me, she'd say, "In this world, Elwood, you must be… oh so smart or oh so pleasant." Well, for years I was smart. I recommend pleasant. And you may quote me.”

(From _Harvey_, 1950)

Correct. But people inside universities should study bitcoin too. We will help them do so responsibly.

There is virtually no chance that Saifedean will sell our book on his site, I think. He blocks the authors on Twitter and doesn’t seem to care for dissenting views. Sad!

Do you know who runs that site? We’d love to hook them up with discounted copies of ‘Resistance Money’ to resell for sats.

If you’d like an ebook, it can be downloaded for free at all of the usual sites (DM for more info if you’re not familiar with these)

On this, and other Frequently Asked Questions, see: https://www.resistance.money/faq/

Replying to Avatar Gracjan Pietras

The question still stands, nostr:npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7... Don't push me into Amazon's hands. 😅

nostr:note1zyt8dcnjys3frqv0ec633tlvzesnz4xlkrq2jx8mecu7322r775sezdwu3

Where do you usually buy books with bitcoin? I would try there first, as the book is available basically wherever books are sold. We are still working on getting a dedicated merchant on this, of course — but that will take time.

There are some very bad objections to the idea of a strategic bitcoin reserve on the part of the US Federal Government. For example:

1. Bitcoin is bad for the world (false; our best science shows that, on net, bitcoin is good)

2. Bitcoin isn't valuable (false; bitcoin is precious, and useful)

3. Buying or holding bitcoin undermines American values and empowers foreign adversaries (false; bitcoin embodies American values, and a huge chunk of bitcoin is held by Americans)

4. Buying or holding bitcoin weakens the American dollar (this one is complicated, and depends on what it means to 'weaken' the dollar, and how the reserve strategy is actually implemented)

5. People only like the strategic reserve idea because it pumps their bitcoin bags (this one is very psychologically important -- but irrelevant to the merits of the policy as such)

Following are some other objections that strike me as more sensible. What do you think? What are the best replies to these objections? Are there other sensible objections I'm missing?

6. A bitcoin-stockpiling strategy gives the state more incentive to seize bitcoin

7. The state should be neutral between asset classes and assets within them; to hold or buy bitcoin is to pick a winner

8. Massive state holdings confer powers in contentious fork wars that the state shouldn't have (e.g., to massively sell off the more freedom- or privacy-oriented side of a hard fork, and thus move markets in that direction)

9. A sovereign wealth fund should aim at yield-bearing assets to displace taxes or debt, but bitcoin doesn't offer any yield

10. Policy should be neutral about a 'number go up' thesis; but stockpiling bitcoin is pretty plainly a bet on that thesis

11. Impoverished and indebted governments should pay down debts rather than acquire assets

I’m putting together a strategic bitcoin reserve — a stockpile if you will.

You know what doesn't shut down when Windows goes haywire?

Cash.

Today is a good day to act accordingly.

Everything you say in public will be recorded and remembered forever. We are all surveilled by the future, more so than even Caesars and prophets of old.

Your great-grandchildren will judge you for any intellectual dishonesty. Act accordingly.

Replying to Avatar Tim Bouma

My review of “Resistance Money” by Andrew Bailey, Bradley Retter and Craig Warmke

This book introduced me to another way of thinking about Bitcoin - beyond my own reasonably well-informed (and likely biased) perspective to one of being one out of 8 billion people pondering the question of whether the existence of bitcoin (or not) makes this world a better place. From my perspective, it is a resounding YES, but now I consider the 7.9999999999 billion people who might have a different answer.

Reasoning 'behind the veil' - leaving behind my own perspective, and putting myself in a place where my circumstances could different and less fortunate than my current situation is a powerful thinking tool. This made me realize that my own resoluteness and certainty, with a limited perspective, could be off-putting to someone who is isn’t quite there yet, and who has legitimate concerns that are simply not part of my frame of reference. If your plan is to discuss with others, policymakers, or ordinary people who haven't quite made the leap, this book provides a rich toolkit of ideas, arguments and topics that can be used (maybe not all at once) to keep a constructive conversation moving forward.

In the end, the book provides no definitive conclusion on the goodness of bitcoin - that's not its purpose. Instead, it provides many positive indication of the goodness of bitcoin. Most importantly, this encourages you to explore and question with each other, whether this world will be a better place with bitcoin.

Here’s to a better possible world for everyone.

#bitcoin

Thank you so much, Tim!

Depends on your threat model. Signal is a good step up from WhatsApp or, god forbid, Telegram; avoid the desktop app if there’s a ’hance your desktop device is compromised, of course. Those who face more sophisticated adversaries will want to try out more sophisticated tools like Session.