El Salvador is making a disappointing move by allowing the IMF to dictate terms on their sovereignty for a loan they say they don’t need. But let’s have a little perspective
1. Bukele can’t stay in office forever - democracies with term limits are not good structures for long term Bitcoin projects that need decision continuity for decades
2. El Salvador shot for the moon. Just because they missed doesn’t make them shit. They are an inspiration for being so unreasonable and they gave a lot of people hope.
3. The fact to face is that the IMF is undefeated and will remain so. No nation can truly resist the corruption of Fiat money. It’s just a statement of how early we still are
The only LARP i want to do is the Base58 LARP. Otherwise - not sure i understand the question.
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Join @Fundamentals for an AMA at 7p EST
7pm EST - I’m gonna do an AMA on CornyChat - will post link shortly before
https://fountain.fm/episode/jG0IDd55yG5J9XzIH1Kf
I really enjoyed this conversation with nostr:npub1jcympy69pht7ptan39se4nd09e4q66qhey649uu3rczm2zh88c7s0n2890 . I thought it came out great and nostr:npub16djxdyd6tvwhjmq7rv6rphcqlcgcnmyuyv580tw7rry0v440rrcq4ukhtp did a great job making me sound coherent.
I’m hoping this reaches people who are fighting to increase their own conviction - not in Bitcoin - but with how they’re living their life.
If you enjoy the conversation, consider checking out @RockPaperBitcoin and giving us and listen.
I like that. Tracks a lot.
Haven’t listened yet but I like the title.
https://fountain.fm/episode/IDdIc9eCJ0Ilgxx9SXe2
nostr:nevent1qvzqqqpxquqzplhye6s3pvqkfrh96u57xn4pksu60hfqfs939atvrk0vtg7qap5jma9hvu
The Bitcoin Standard: A Perspective Shift
Living on a Bitcoin Standard requires a significant perspective shift from the fiat-based mindset most people are accustomed to. Here's a summary of how one should view this transition, based on insights from the sources provided:
1. Bitcoin as a Tool for Freedom and Sovereignty:
Embrace Bitcoin's potential to provide financial freedom and sovereignty. This means taking self-custody of your Bitcoin to a "gulp limit" - an amount you're comfortable holding yourself. [3] This act of self-reliance fosters a sense of personal power and independence from traditional financial institutions.
Recognize that a Bitcoin Standard prioritizes individual responsibility and honesty. It encourages transparency in valuing your time, skills, and contributions, leading to a more equitable exchange of value.
2. Shifting Away from Fiat-Centric Thinking:
Challenge the ingrained notion of chasing fiat gains as the primary measure of success. Recognize that the pursuit of fiat gains often leads to a focus on short-term profits and speculation, rather than building long-term value.
Focus on developing skills and expertise to earn Bitcoin directly, rather than relying on traditional investment vehicles designed for a fiat system. This aligns with the Bitcoin ethos of value creation and exchange.
Decouple from the expectation of salaries as the primary form of compensation. Instead, explore alternative models like contract work or value-for-value systems that are better suited for a Bitcoin Standard.
Understand that Bitcoin's value proposition extends beyond being just a store of value. It can be a tool to reduce expenses and increase purchasing power by transacting directly in Bitcoin.
3. Embracing a Long-Term Perspective:
Develop patience and resist the urge to constantly measure Bitcoin's value in fiat terms. This long-term view allows you to weather market volatility and benefit from Bitcoin's potential for appreciation over time.
Recognize that living on a Bitcoin Standard is a journey, not a destination. It requires a willingness to adapt, learn, and connect with like-minded individuals building a new financial system.
4. Navigating the Transition Phase:
Engage with the fiat system strategically while prioritizing your transition to a Bitcoin Standard. This might involve earning fiat income while simultaneously accumulating Bitcoin and seeking out opportunities to transact in Bitcoin whenever possible.
Surround yourself with a community of Bitcoiners who share your values and vision. This provides support, fosters learning, and strengthens your resolve during the transition.
Be wary of influential figures who promote Bitcoin while clinging to fiat-centric thinking. Their actions might not align with the principles of decentralization and individual sovereignty that underpin a Bitcoin Standard.
Living on a Bitcoin Standard is about embracing a new paradigm—one where individual sovereignty, financial freedom, and a long-term perspective are paramount. It requires a shift in mindset, a willingness to challenge conventional thinking, and a commitment to building a more equitable and decentralized future.
Matt Maruca is a wise young man - this has been in my queue
We missed you bro - be good!
Another Bitcoin meet up
Another 2 hours of why Nostr sucks
And another month of everyone still using it.
Tick Tock.
We sometimes called them routines, or subroutines, or even just subs
Boomers don’t know if this - this is all GenX.
The way I look at mistakes are UTXOs with lost keys. They will just pile up.
The unit of bitcoin is anUTXO, not a sat. Sat is just a denomination but they can’t really be moved - a UTXO is required for the “movement” of any sats.
There is a very small number of UTXOs relative to the pooulation of the world and hard limits on the creation of new o es and the exchange rates of current ones - this is what has so many panties in a bundle.
Cool question.
My personal reflection is that its much easier to attack things than to get behind things - but thats not a reason to stop attacking things that need to be attacked.
I just need to make sure I'm also building.
In what way? I’ve heard a good amount of criticism about it but it mainly comes down to the fact that I don’t value fiat gains.
Always appreciate you Vic.