Also see #phish
I believe my writing will find its way to Trey. I believe he was unknowingly chosen to spread cypherpunk signal.
Happy birthday. I’ve never had a birthday show in 30 years but I can imagine that it’s a special way to spend the day.
I write about Phish being an unknowing spreader of cypher punk signal in the 80s and 90s. - check it out
Don’t slay your heroes. Slay the part of you that gained conviction from them. We all must earn conviction ourselves through time and effort.
Be inspired by other people and take value from them. Just don’t TRUST them.
Pura Vida!
There is no such thing as an Orange Pill.
People find out about Bitcoin in various ways, mostly adversarial, and then it’s a race to build conviction.
Conviction cannot be given from one person to another. One can get help understanding topics from others but turning that knowledge into conviction is purely a personal effort.
Any conviction one has gained from another is false and will be eventually proven so.
Every day brings the time and opportunity to learn and build conviction. It cannot be bought and it cannot be gifted. It only happens through time and effort.
Pura Vida!
Is the plural of satoshi satoshi? Or is it satoshis?
Thunderhub is the best way in Umbrel
The Fountainhead
Pura Vida!
The world of Bitcoin and Lightning is a sea of information containing answers that protect our value - but only those who know the right questions to ask can take ownership of that value.
We all know that nobody can guess the right question - that knowing the question grants provincial custody over the value associated with the answer. That custody is divine.
Our trust in cryptography is what makes this world possible and most participants should understand how it works much more than they do.
Pura Vida!
Nothing happens overnight. It’s OK to wish it but doing so raises your time preference.
Capital accumulation is so gradual that if you don’t enjoy life as it’s happening, you will sabatoge it.
My personal anecdote is it helps to at least read The Bitcoin Standard first but it’s an evergreen Austrian curriculum.
It’s more expensive but I’d get him access to the seminars.
Two cardinal sins in bitcoin:
1. Not being bullish enough on bitcoin.
2. Being too bullish on bitcoin.
It comes down to
1) not having enough conviction for your education; and
2) having too much conviction for your education level
The simple way the chain is used to remove trust on Lightning is naturally beautiful.
Using asymmetry, lime delays, and revocation made possible only by the native features of the main chain, the incentives are put in place to disincentivize dishonest actors.
This is so bullish - any system can potentially be made to allow enemies to cooperate using Bitcoin’s native properties.
This is me. Don’t care about the price - ever. What I hold has alchemy and focuses my mind towards signal in the world. It’s increased the value of my time - nothing more to know.
I’ll part with it for value but have no interest in how many slave coins I can get back for it.
I can’t say enough how significant this book is to understanding and building conviction in Bitcoin - whether or not you ever plan to use the Lightning Network
There’s a saying “what you resist will persist”
It speaks to your point. It isn’t enough to be against something. Power only comes from being affirmatively about something - and one can’t be free until he can assert his power about who he says he is.
Pura Vida!
Freedom is the power to say who you you are to yourself. If you cannot do that, you are not free.
I study Bitcoin to gain conviction. Conviction is the difference between holding Bitcoin in the future or not.
Don’t underestimate the governments ability to psy-op you out of your Bitcoin by diminishing your conviction. Or your wife, or your job.
Pura Vida!
Life is mostly great. Try not to screw it up too much reacting to when it’s not.
Any company that is trying to build back their capital needs to do what every pleb is doing:
Stack bitcoin and wait.
Saylor and Dorsey epitomize the first mover advantage while Musk epitomizes the loser who had the stones to enter but didn’t understand it enough to maintain conviction.
There is already a large mutual fund manager that is long companies who hold BTC in treasury and short companies who hold cash.