Point of clarification — there were only a few of Olympic games before 1913. Wikipedia says only 3 games (1904, 1908, 1912) awarded pure gold medals and “they were smaller”.
The comment is relative (between two parties) not absolute (man vs. time).
First rule of negotiation:
Control the clock.
Some thoughts:
Facebook started with high-end universities, tuned the initial experience to benefit care-free college students, and created its network effect through elite circles first.
Vine vs. TikTok? No idea.
Google Circles was trying to directly substitute for a product (Facebook) that had an insurmountable network effect. It was too hard to get everyone to start over on an entirely new platform for essentially the same experience. One social network was enough for most everyone.
Just be sure you’re allocating your capital efficiently! Would love to see Norway be a leader in bitcoin mining. Good luck!
CNBC’s Joe Kernen vs. “The Black Swan” author Nassim Taleb on #Bitcoin
Joe Kernen:
“You’re LOSING your ASS from when you told me it was USELESS at $30K…SHORT it!”
#Nostr https://video.nostr.build/62a414cb356a527fa6a9becd57cd8379a3890b0da49a88c8d91c642496d1785f.mp4
“Put some skin in the game, Nassim. You wrote the book on it, didn’t you?” - Joe
Bitcoin sets the risk-free rate … “doing nothing” is an entirely viable alternative to “doing something.”
nostr:note1hauqgxvy8hj844elcmjrv0hv3t07srxaefmcklpctxmcy5f2w3jsu8q5vk
Not everywhere will be the first. The cost of convincing is real both in actual cost terms as well as opportunity cost terms.
Texas is huge for bitcoin … tons of waste, curtailed, and spare energy in a favorable political / regulatory regime. I’d expect that Texas’s success will be more convincing for other regimes missing out than the pleas of a small group of passionate citizens.
Regimes will get FOMO…good thing for you is that Norway is sophisticated so they’ll be one of the first regimes to realize what they’re missing.
Bitcoin sets the risk-free rate.
That’s the product.
nostr:note1dh4vw6d02zxj94ljz98wyx0gxty84gqujcvkxy4wta8f08sukq0s66ay24
Debt is a priority claim on an asset.
Equity is the residual claim on the remaining value of the asset.
Simply, these are the legal definitions of the two basic types of financial instruments.
NORWAY IS GOING TO BAN BITCOIN MINING WITHOUT PUBLIC CONSULTATIONS -
WE NEED TO ACT NOW
Norway's Ministry of Digitalisation and Public Administration responded to @ODFoundation that it "has no plans to conduct a public consultation" on a ban on cryptocurrency mining.
There is no doubt that the ban designed to target #Bitcoin mining. Unfortunately, that's a stance of the @Stortinget and the Norwegian government.
🔴 Why we should protect our #freedomtech Bitcoin in #Norway NOW:
(1) Norway is fully integrated in the European Single Market throught the European Economic Area (EEA) and Schengen Agreement. It means Norway can provide its legilsative approach as an input for new legislation for the EU/EEA both:
- during the preparatory phase, when the @EU_Commission is developing proposals;
- during work of expert groups and committees of the European Commission;
- submitting proposals and comments to European Free Trade Association on upcoming legislation.
(2) As a co-founder of the @OECD , Norway sets an example of regulation worldwide and provides its legislative recommedations for global standards.
(3) Norway has historically been a place to meet, share experiences and educate human rights defenders and bitcoiners from around the world.
Norwegian goverment will present its investigation a ban on cryptocurrency mining by the end of 2024.
🔴 What we should do together to prevent Bitcoin mining ban:
(1) Repost this post and join our #BTC Coalition to educate local communities and media about social benefits of Bitcoin mining in Norway and worldwide;
(2) Help us pool resources and best practices to convince Norwegian politicians and media to explore the social benefits of Bitcoin to prevent this repressive regulation;
(3) If you are a Norwegian citizen: write a letter to your legislator and government asking for public consultation and providing arguments about the social benefits of Bitcoin mining for Norway.
🧡 https://video.nostr.build/8c4d22ba81461b980e8de30b0b4d90831eba257efd45e501408fdd26836ee9f0.mp4
Norway has one of the most progressive views on energy and its commercialization in the world. They actively try to export their socialistic approach to energy commercialization to the rest of the world.
It is not surprising that they view bitcoin mining negatively given that bitcoin mining is difficult for any State apparatus to administer and manage.
It will be difficult for them to maintain this position over time but I am bearish on Norway being on the leading edge of jurisdictions embracing bitcoin mining.
Everyone should be ALL IN on something during their life. 100% conviction and commitment.
This is a good observation re: incentives. The “problem” with the deflation of sound money economy is that competition drives the price down to the marginal cost of production of the lowest cost competitor.
In the software space, that means the cost of maintenance which is relatively low compared to the cost of standing the code up. If there is no ongoing profit, there is very little reason to take the risk and make the upfront investment to build.
The result of sound money is smaller, quality oriented goods, services, supply chains, and cultural contributions. As the growth & consumption oriented fiat model has yet to be phased out, there is a huge problem for the bitcoin developers who live in a fiat world but are building for a sound economy.
Props to those fighting the fight.
One of the things that legacy social media has developed is each platform has its “job to be done.”
LinkedIn … professional
Twitter … current events / commentary
Instagram … showcase / dream
Facebook … community engagement
NOSTR clients don’t have that same definition. Whereas I held on to my LinkedIn profile far longer than the rest, it had clear methods of activating its usefulness - albeit using the legacy system.
While NOSTR is fun for bitcoiners to high five and lament each other, the next step - the most important step, IMO - is coordinating real actions between networked individuals.
I set up my real profile here for that purpose…I’m kinda skeptical sitting here on day 2…let’s see how it goes.
**Shouting into the abyss of the protocol to my 1 (probably bot) follower right now.**
I agree and am interested in their discovery process. Is the process one full of strategic, collaborative decisions (i.e. current corporate approach) or is it ugly, clumsy, and urgent in the face of tumult?
nostr:note1qmw4uzkcp70ytn7vkmc33zgyturtrv7zvmy70n44w8z897ce7slq77j9rs
Bitcoin should set the “risk-free rate” which is used in all investment decisions for every individual, corporation, and government.
What happens if instead of discounting future cashflows by 10% annually everyone uses 50% against those same cashflows? And how would such a dramatic increase in the cost of money impact the size and timing of the cash flows?
The implications would be massive.
I look forward to the day I can buy a 1/1 nostr:npub1ndketdm2qyv35nrhsxzks8kh7w7w6tll4rjp29hv0qjqkgfjsh6snmgk2v … appreciate the hard work
nostr:note1htw5y87nj05rm5c48swvf7akf75zu0nszhd40wga7rzc93mhgqcsjs2f8l
Just set ours up today. We’re playing that forever lottery.
nostr:note1trzm9pql87fnjhdgrq83cnlckfxkgshe7744whw6yzam98af63ss32sx79
Deleted my last legacy social media account.
NOSTR only. Bitcoin only.