Work, provide something humans value, save more then you spend. Save in Bitcoin. Self custody. Take personal responsibility for securing your work/time/energy.
Can someone Zap this old guy? Finally set up my ā”ļøvia WOS, need to test. š
Bitcoin network is extremely stable. Virtually ossified IMHO. The problem that remains is users: we canāt handle the personal responsibility required to secure our private keys, access our UTXOs and addresses.
The ecosystem is gradually improving creating priv/pub key management tools that compensates for our lack of personal responsibility.
Seems to me that the path forward is to: hone your-self custody skills, then educate/help those you care about most. Thereās likely to be waves of adoption with lazy users getting rugged and those with week morals profiting during the ruggings.
Work, produce something that humans value, save more than you spend. Stack. Practice and teach self-custody.
MicroStrategy Acquires Additional 1,045 BTC and Now Holds 140,000 BTC: https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-1045-btc-and-now-holds-140000-btc_4-5-2023
Does anyone zap Saylor? Seems like his has enough, no?
No value in educating those primed to be fully orange-pilled?
On a MAC open Finder and click on Macintosh HD, then open the SystemāLibraryāImage CaptureāDevices folder. Control-click on VirtualScanner.app and Show Package Contents, open the ContentsāResources folder inside, then open simpledoc.pdf.
Who is Nate Anderson and what is motivating him? #HindenbergResearch just a short-seller looking for profit or something else? Anyone? Bueller? On/off ramp āattacksā/targeting seems likely to increase
All shorts have risk.
Who is hindenburg research? Follow the incentivesā¦.
Optimistic after watching this:
Fed press conference: āā¦.bridge bankā¦ā ?? Therefore: āā¦.no risk to usā??
Any risk to others?
Fed day post:
The only way to separate money from the state is for individuals to take personal responsibility.
The risk of fiat $ must be >> than the risk of self-sovereign #bitcoinĀ ā¦.or humans wonāt do it. They will take the convenient route until it is too risky.
Fiat risk is subtle, slow theft of your time/assets, like a chronic disease that one doesnāt notice most days. Beginning to use #BitcoinĀ creates immediate fear/stress in many. Fear is powerful, personal responsibility is the antidote.
Personal responsibility is a hard path. Work is required. Although the onboarding path in #BitcoinĀ is improving/simplifying - still too complicated for many. Feels risky: What if I loose my seed? What if the custodian rugs me? Hackers? 5$ wench?
Having an asymmetric bitcoin skill-set compared to most humans is the core of why we are āstill so earlyā. You gain confidence, then it feels less risky. You put in the work, capitalizing on the asymmetry, it will pay off. Real work typically does.
The foundation of #BitcoinĀ is proof of work. Work required all the way down the stack. No short-cuts. No BS. Authentic to its core. Sound money. A gift to humanity. Ignore at your own peril.
Saving your work in a money should ideally hold its value or increase its purchasing power overtime. Technology is deflationary. Itās OK to have investments payoff higher than simple savings as long as the risk are owned by the risk-taker, not ALL the holders of money. Debasement is not fair and is not likely a requirement for a society to flourish / economic growth.
Iām thinking the FED new āFDIC backstopā and other moves to stem the tide āworksā short term and we fall into a longish grind of USD debasement - again transferring the cost to our future selves. Average US citizens gets hurt but not rekt. Other dollarized people/countries outside US get it much worse.
Stay humble, stack sats.