Altcoins will fail because their advocates have no conviction. You can tell because they're always thinking about the price at which they'll sell.
You can be who you have the skills and talents to be. If you don't have the skills and talents, you're just wasting time, or worse, just indulging your narcissism.
Proof of elite approval
That's what certification is. That's what degrees are. That's what proof of stake is. That's what most jobs are. That's what status seeking is.
Elite approval is the weapon of choice to keep people shackled to the current system. And it can oppress people more than jack boots and guns.
The Altcoining of Content
I hate altcoin conferences. They're all so obviously trying to sell you something on every talk that it's like watching infomercial after infomercial.
You would think that people would catch on to this and start rejecting altcoins, but au contraire! If there's anything I've noticed in the last 6 years, it's that content has become way more like altcoin pitches. Let me explain...
Look at any website, tv show, even songs. They're all becoming altcoin pitches, or infomercials trying to sell you on something. And they're not even being subtle about it. It's so obviously propaganda to sell you on a position now. The world gets crazier every year as it imitates the fraud of altcoins.
Bitcoin can't come soon enough.
Ever hear from people that they want to be passionate about something? They want to want, but can't for some reason.
The problem is that they've become too high time preference. Their desire muscles are weak as they've been hopped up on the mental equivalent of sugary soft drinks. The most desire they can conjure up is envy at what others have. It's the laziest sort of desire there is.
Real passion requires discipline, which involves some short term suffering like frustration, boring repetition, and failure. But long term there is joy, enlightenment and skill.
Be careful what you desire and manage it accordingly.
I have a Nostr imitator boosting my notes.
Please be careful out there.
I'd guess that Coinbase is moving off shore so they can do stealth layoffs.
Rich people in a fiat economy are political animals. that's why.
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Bitcoin Tech Talk #341
You can learn to love.
No, I'm not writing some cheesy self-help guide for broken hearted singles. I'm writing about disciplines and skills that are hard to obtain.
In the west, we have it backwards. We think we have a passion about something and then we get good at it. For a very few people, love comes before skill. But for most people, it's the other way around. Skill comes before love. As you get better at something, you *learn* to love the skill or even your ability to execute. It feels great to be competent at something.
That's why you should be purposeful about what you're going to get skilled in. For most people, it's something useless like a video game, politics, or a sports team. Such skills are easy traps for your love.
Find something worthy instead. Look for something higher. Those things, too, can be your passion. You just have to be patient.
Parties
Drugs
Gambling
Sports
How Maximalists suck
Centralization puts rulers above laws. After all, the rulers can always change laws.
Decentralization means everyone is subject to the same law and no changing laws to pick winners and losers.
A growing civilization has saved more lives from poverty, misery and destitution than anything else.
If you really cared about the poor, you would be working to build something useful for civilization, which can only be done through adding value.
Political action to change the split of the pie instead of growing it is LARPing at helping.
Fiat money is very high time preference, focused on individual happiness rather than deep purpose, like making a family. The happiness ethic has created a culture of sexual indulgence, which is causing demographic collapse.
Sexual indulgence is high time preference and in particular, it destroys families, or never creates them in the first place. Without families, there's no stable structure to build off of.
People build because they have a low time preference, because they think about the future and they want to make it better.
Civilization and sexual indulgence are at odds with each other.
Deep understanding is what's required for real conviction. That does not come from a sexy demo. I've never seen anyone see a fast transaction, even across continents and become a holder through bear markets.
It takes years to develop conviction and no killer app, no amazing utility, no endorsement is going to shortcut that process.
If you want to orange pill someone, help them really understand money and develop that conviction. One holder is worth a hundred traders is worth a thousand merchants that sell right away.
Saving people from themselves is a god-complex and too many people today have it. It's the elitist mindset of thinking you know better than whole groups of people.
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#Bitcoin Tech Talk #340
It frustrates me to see people complain because the Bitcoin isn't being adopted fast enough. Guys, the money is 14 years old. It's not going to take over the world in 6 months. This is a decades long process.
And no, it's not going to be suddenly adopted because your local coffee shop starts accepting it. We've been down that road. That's not how Bitcoin becomes the dominant thing. People that get Bitcoin and stay in it are the ones that understand Bitcoin is better money. The virtue signalers that sell right away are not helping the cause. They're just using you to sell you their junk that you don't need.
Trust the incentives. It's going to happen. But if you act like a high time preference brat, then you're going to do something stupid and rash. Bear markets are when holders are made and if you don't make the cut this time, this fiat attitude is probably why.
Fiat money leaves us devoid of the sacred. That's a bad thing because it hollows out culture. All cultures need something sacred at its core. Without the sacred, everything is subject to change and a changing foundation is not a very good one to build on.
21 million is our new sacred order.