Avatar
btcschellingpt
9b12847f3d28bf8850ebc03f8d495a1ae8f9a2c86dbda295c90556619a3ee831
Bitcoiner Rational optimist #AUStrich OpenSats Bitcoin Brisbane bitcoinbushbash@nostrplebs.com Honeybadger Noob Day Working on https://primal.net/EscapeHatch

Lotta bubbles out there

#Bitcoin isn't a bubble

#Bitcoin is the pin

Learn #Bitcoin

So can the nostr:npub1nyyhnqahf3cgqzcc927x7eqyd2msgplfe27ddn6hpgu2m200wh2s0s7gan supported nostr:npub1uaj9phu5lpxpczm3vaayt46m0yv0pduxzy7z6quwd2uggxue7fmqx9665u ‘s Silent Payments on peg out .. that would be pretty beautiful for privacy wouldn’t it?

Replying to Avatar Lyn Alden

I was at an extended family gathering for the Eid al-Adha holiday today. At these gatherings, the older generation in this family tends to not speak great English, so they normally speak among themselves in Arabic, while the younger generation speaks English, with some periods where we all speak together and my husband translates.

The center of this gathering was a newborn baby. My husband’s cousin had a child, and he was so cute and we took turns holding him and playing with him.

The oldest uncle is a retired doctor and although he normally speaks in Arabic among his peers, he actually speaks fluent English as well when there is context for it, since he used to live and work abroad. But he rarely speaks at these gatherings, in either Arabic or English. It’s a running joke that he is grumpy and rarely has much to say, and just kind of zones out at these things. Sometimes when people ask him what he is thinking, he makes a dry concise joke or a funny brief criticism of someone with like a stone cold expression. So usually at least once someone asks him, just to see what kind of grumpy thing he will say in response, since you never know what it’ll be but it’s never boring.

When the family was figuring out which coast town we should take a vacation to in a couple weeks, the uncle was quiet and eventually someone asked him what his choice is, and he sarcastically said “El Arish” which is the Egyptian coast town right near Gaza, to be a buzzkill. The joke being that it’s an obviously bad choice for a vacation.

A while later when people were talking about movies, he was again doing his zoned out expression, so my husband and cousin were whispering to me to ask him what he’s thinking about this time. I was hesitant but they were like, “do it, it’ll be great.”

So I asked what he’s thinking about. With his perfect English, he’s like, “You and Mohamed should have a child by the time you visit us next year. You’re getting old.”

Everyone was like, “…oh shit” since they thought he would say a bad movie or tell me I watch too many movies or something. One cousin was like, “uncle, they will when and if they are ready!”

But the uncle continued. “You two think you are busy now, but it only gets worse from here. The older you get the harder it will be, and you’re already getting old. Both of you are too smart and overthinking it, waiting for a perfect moment that will never come. If you two wait too long, you might not be able to do it, or there’s a higher chance the child will have health problems. Just do it now, while you are still in your mid-thirties, don’t let yourself get any older. And if you don’t do it, naught but regret and darkness awaits.”

So everyone was facepalming, since this was not the direction they were expecting. I was like, “thank you for the blunt advice, we will consider it! 😅”

One aunt who doesn’t speak English asked what he said, so one cousin said, “He called her a hag, basically.”

Family hey! 🧡

"Pay careful attention .. see how even some distros of Linux are getting bloated now .. ETERNAL VIGILANCE MY SON"

New to #Bitcoin?

These two prolific and deeply thoughtful bitcoiners riff for half an hour on what Bitcoin actually is, and why it is so important

Worthy of your time 🧡

https://serve.podhome.fm/episodepage/CitadelDispatch/freedom-money-der-gigi--europe

Silent payments are coming

WTF are they?

Josi and Ruben provide an outstandingly clear description of what Silent Payments are and the benefits they are bringing, and the additional uses they will subsequently have - nicely herded nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🙏

- a single static re-usable *and private* bitcoin 'address'

- improved bitcoin transactional privacy

- enables improved wallet UX

- could enable simpler ⚡ channel construction

- could be coupled with ⚡ payments in Bolt-11-type QR's

.. and requires no soft-forks and is starting to be adopted now

nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g has more info and links over at https://silentpayments.xyz/ .. but if you're running around this weekend listening to podcasts .. slap this baby at the top of the list:

https://stephanlivera.com/episode/579/

GM

Be grateful for the people in your life and let them know that they matter

Privacy on centralised platforms is granted

Privacy in decentralised systems is owned.

nostr:note16fzwh8dfxxs0wfmm8y4dyzscz5kntdy85wehrs6m24yhh70dyvzsx7awf9

If you don’t care who gets the credit you can get a fuck tonne of things done 🤝

Let me lay out a little on how governance works inside organisations and companies:

Fiduciary duty is just one of the many obligations an office holder has and is not and should not over ride all others. The Milton Friedman school of extreme capitalism that espouses prioritising shareholder returns above all other factors has a large part to play in why public capital markets today are so utterly f’d up

Okay, so what are the priorities then?

Mission

Why does the organisation exist and what is it here for; OpenSats, Brink and HRF all have clear mission statements. Mission is first and foremost

People

Attract and nurture the people aligned to your mission who have the skills and talents you don’t, because they are the ones *who help deliver on the mission *

Profit

In a for-profit venture like a company, you need to get to cash flow positive in order to become master or mistress of your own destiny - as a founder you therefore carefully choose investors who buy into your mission

Ten31, EgoDeath, Recursive, Stillmark, Lightning Ventures etc etc are all Bitcoin only as a core part of their mission and consequently align investment with founders and projects those mission aligns with theirs

Further, it’s also why investors (not just VC forms) want to meet founders and understand what makes them tick; early stage investing is about investing in the people who, just maybe, can bring the vision to life. In the process of doing that they may generate a return for the investors .. but it’s clearly:

1. Mission

2. People

3. Profit

A key point to make in all of these types of organisations is that choices are made carefully because demands for funding (grant requests or startup funding) always vastly outstrips available supply .. and these decisions are not made by individuals but collaboratively

If you’ve primarily worked alone you won’t perhaps appreciate the value that a breadth of perspectives brings to hard decisions. I’ve looked at the board makeup of OpenSats and Ten31 and EgoDeath and i don’t see a single individual in there who’s a “yes” person; smart, brutally objective and unafraid to be combative with pretty much anyone

As you say though - there are other ways to try and the open source funding space would benefit you from creating those too .. get to it 💪