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Interesting, I didn’t expect Malaysia as an option. Georgia and Azerbaijan would be interesting for sure as well as Eastern Europe. I have a friend who recently moved to Estonia but I haven’t spoken with him in a while.

I have visited Paraguay and really enjoyed, it felt like very low regulation and very Wild West also low development outside the major cities I know they have an abundance of cheap energy and Saz Bitcoin mining is setting up some operations there.

What are your thoughts on El Salvador? I’m planning to visit there this year.

Ok so when people talk about losing funds on lightning how does that happen? Is it that a force close in high fee environment will eat up the balance of my side of the Channel if it too small or are there other pitfalls? I’m trying to understand the mechanics.

Noob Question for all the #lightning gurus out there. Since a channel is just a 2 of 2 multisig, does force closing a channel always result in burning of funds? If this is the case what is the point of force closing a channel other than being a dick? #Bitcoin

Thanks for asking the question. I have some more thoughts in the same vein and some of my own questions regarding scalability and adoption. Having trouble coherently forming them at the moment.

I agree its possible that technological advancements will make chain bloat moot.

For the foreseeable future it seems that the benefits of a multi-layer Solutions with all the trade offs and shortcomings is the best we’ve got. Its going to be interesting to watch it play out. Look forward to reading the piece.

Replying to Avatar Bitcoinlady

10 Lessons from the book "RICH DAD POOR DAD" 📚

-

1. Overcome Obstacles:

All opportunities lie across the risk.

Broke people are always afraid of risk.

There is no rich person who has never lost money.

Rich people are willing to take more risks.

4 Reasons, why people stay broke:

- Fear

- Laziness

- Arrogance

- Bad habits

2. Work to Learn, Don't work for Money:

Don't focus on the money as much as you

should focus on learning and developing your skills.

You don't earn for the luxuries, earn for the necessities.

Learn as if you were to teach it to someone else.

it is the best method to learn.

3. 3. Pay yourself FIRST:

You will only begin building wealth when you

start to realize that a part of all the money

you earn is yours to keep.

Pay yourself first. You always pay others for goods and services.

Pay yourself as much as you can, and then pay the bills.

4. Financial literacy is the key:

You must learn how to manage your money.

Making Money is good, but handling money is more important.

Important is to know the difference between an asset and a liability.

An asset puts money in your pocket but a liability takes it.

5. Buy Real Estate:

It is an Asset with minimal risk to build a fortune.

You own a physical asset that is said to be

the safest investment in the world.

Real estate investing, even on a very small scale,

remains a tried and true means of building cash flow and wealth.

6. Learn Sales & Persuasion:

One must spend time and money improving their

selling and communication skills to become rich fast.

Improve on your selling skills, after all,

everything around you has been sold once.

The ability to sell is the number one skill in business.

7. Teach, Give back to society:

When you give smile you get a smile in return,

when you teach and you get life lessons,

same with the money, give money and get the same back.

Don't expect much in return important. Just Give.

Law of Money: “Give, and you shall receive.”

8. Learn Specialised Knowledge:

4 areas to Master to retire financially free:

- Investing

- Accounting

- Understanding Laws

- Understanding Markets

Rich people earn, spend the money as much as possible, and then get taxed on rest.

Poor people get taxed, and then spend & save.

9. Develop your Mindset:

Intelligent minds don’t always get ahead, but brave minds do.

If fear is too strong, the genius is suppressed.

Money has got no power but your mind does.

Feed it with the right information and choose your friends wisely.

It's all about the Mindset.

10. Buy Appreciating assets:

Wealth is the cash flow that comes from the assets

and covers your expenses. Assets can be stocks,

bonds, real estate that makes money,

units of mutual funds, royalties and so on.

Rich people stay rich by labouring all their money.

-

Rich Dad Poor Dad Lessons👆

Great summary thanks!

I like to think about in similar terms as the internet and what we now call legacy social media like X. They weren’t perfect and had the current issues baked in from the beginning . But they were far more decentralized then the newspapers and tv news channels of the previous era. Freedom and decentralization is a continual battle and there is no panacea.

Also think that a major issue with big blocks as a scaling solution is that it inevitably leads to centralization because the blockchain bloat eventually means that no one can afford to run a node except large data center operators. Imaging a 1000TB+ chain. So while individuals have a level of autonomy in transferring on chain they trade off privacy and consolidation of nodes and don’t get to chose who operates the nodes.

With layer 2 solutions such as fedimint and cashu an individual gets to chose who they do business with and I believe individuals will do business with a number of them at the same time. Some may be fractional reserve, some may not but the important thing is that they will be auditable in real time and not enjoy protection as banking racket and be based on a sound monetary base. Will the system be corrupted or gamed in the future at some point? probably! But what’s the alternative.

On philosophical level I don’t believe that complete and unconditional individual autonomy is a desirable goal. Humans are social creatures and can really only exist in extended social realities. And it seems those social realities actually define the individuals and visa versa. So I think bitcoiners and freedom lovers need to be less individualistic and form strong social bonds around something coherent to bind them together in order to resist tyranny. Otherwise they get isolated and picked off.

Anyway those are some of my thoughts sorry for the long rant, you asked😂

Nothing can substitute for putting in work. nostr:note1pa8qd36p05x3smnvfjm372n3ldlfpjsaz5vnhcma57wfleczf6uqhzv3s0

Very hard to do and very worth the effort. nostr:note126d4l4rtdhts8wdrsuepdgw754u3ffzyd9hhamdrnreeh4m8tj6sldlnc4

Training day at the fiat mine. #grownostr #nostr

Very interested to see what sort of things are built on #fedimint the Mutual cash value life Insurance model seems like it could be a possibility. #bitcoin nostr:note1qmz88drkjaujhk8fpfv363p6n26gg5450l0ck4740ecpecesd3pqx2wd5v

New content creator on Nostr nostr:note12al3xgz5tvgyjxse58sk7kfnqnrwwuyzc3j80kzfpz2m6qxyh63qam8rz6

Will have to check it out. I’m playing with several different cashu wallets right now.

Do you like minibits? I haven’t tried it.