Avatar
Phundamentals
5677fa5b6b1cb6d5bee785d088a904cd08082552bf75df3e4302cea015a5d3e1
Author: Bitcoin for Institutions https://zeuspay.com/btc-for-institutions Co-Host of Rock-Paper-Bitcoin, Motivating the Math, Sound Coffee, and Back on the Chain podcasts Study math, be sovereign

#phish

https://m.youtube.com/watch?v=jGluBXqxMww

Kill Devil Falls is about a man who falls so hard for a shitcoins scam that he destroys his relationship to the point that his wife leaves him. He creates a lie that his finamcial and personal problems are due to drinking and substance abuse because the humiliation of falling for such a scam is so hard to admit.

The key lyric “This time is gonna be different - until I do it again” is the self aware refrain of a hopeless shitcoiner that does finally gain his conviction by the end of the song and vows never to “go back to Kill Devil Falls”.

Kill Devil Falls is on the album Joy, which was released in 2009 just after the release of the Genesis Bitcoin block. I believe the entire album to be a sneaky ode to Bitcoin on behalf of the cypherpunks through the unknowing toil and artistry of the band Phish.

https://risk-fundamentals.ghost.io/phish-and-bitcoin-a-continuum-of-genius-network-effects-and-unintentional-foreshadowing/

Shitcoins are for Bitcoiners who just aren’t ready to cut the cord from the system.

If that’s you then that’s you.

Pura Vida!

Nostr has arrived! I already got DM’d by a very convincing Jeff Booth spoof account.

Too bad they picked the wrong platform to try and fake someone’s identity.

Pura Vida!

Being awake is a daily grind that flirts with the same line of derangement that the NPCs have.

Thank god for the community of Bitcoiners here and elsewhere that help reinforce sanity when we have to share the world with deranged NPC lunatics.

Pura Vida!

The more ancient the principles of your foundation - the more antifragile your worldview is.

Same goes for UTXOs - the more confirmations, the more immutable

Pura Vida!

Some days just need to happen. The weeks, months, and years that develop the skills to pursue our dreams require every one of these days.

A low time preference person has time on their side, a powerful ally to either compete or cooperate with people who don’t.

Pura Vida!

Be careful with Lightning. Some consider it a fun little project on top of Bitcoin.

It’s actually a worm hole to infinite rabbit holes in discrete mathematics, computer science, and fields that have yet to be identified or discovered.

The rabbit hole in Lightning is so deep that for times you actually can forget what Bitcoin is and does.

For shitcoiners who say they want interesting projects to work on - they’re full of shit because Lightning is enough for the most curious minds on Earth.

The amount of time and money spent on humans explaining the financial impact of interest rate moves is so absurd - it’s displacement of workers will cause the most unbelievable depression modern man has ever known.

Pura Vida!

Mortality in bitcoin is a subject worthy of thought.

You can think of mortality as in a person, as in a UTXO, as in a Lightning channel, and many other useful constructs.

A UTXO can “die” if it is spent. A UTXO that doesn’t die, say, because the key to signing a transaction that would kill it is lost, is immortal.

If Bitcoin is an intelligent life form, than too much immortality can be cancerous, or be imbalanced.

Just some Monday thoughts.

Pura Vida!

Every day comes with the responsibility of testing our conviction.

There are 8B people out there asserting their conviction against a Bitcoin standard. We are few and there is work to do every day to maintain the “Conviction Citadel” in our hearts and minds.

Life annuities may be able to be created on chain. There might need a BOLT to create the functionality for a Lightning Node to declare themselves alive to their channel.

The gossip protocol can tell the network that the operator is alive.

Being alive might also just make for a better Lightning channel partner.

Pura Vida!

Without struggle there is never growth. Don’t fight it or interpret the presence of struggle to be evidence of failure.

Figure out how to focus more energy on the problem - eventually you realize that it was always about energy exertion and you forget what the problem was to begin with.

You now have a new source of energy and a set of new possibilities to live into.

Be unstoppable! Keep it moving! Discover the energy to do so.

Then win!

Verifying my Nostr Nests identity: uPtxp8MAYtMAQsiMQJfw9xvRu__uRbDVyjYZlP6yiCU

https://nostrnests.com

I’m trying to understand why we even think there should be any tax on a currency that protects our purchasing power.

I had a gift certificate for a Big Mac. It was given to my grandfather when Big Macs cost $1 and I inherited it.

I redeemed it the other day for a Big Mac that cost $5

QUIZ - what is my capital gain and what is my tax responsibility?

I bought the book with the full intention of learning from it. I don”t have a prejudice about what that might be. The guys behind it are smart and have value to add.

Yes - it will also expose anywhere where you lack conviction.

Bitcoin neither ask for permission nor forgiveness