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Sondre | satoshiconsult.com
9e8dd91d21e867dec464868a8d1f4a27c0e113c53e32f2bec0a7c6e25ad2e9d5
Founder, CEO and Chairman of nostr:npub1rznlzpg529u8j39a8qe7tapsygd54qp5qyr5jyue7whwpw79rsjqmzr4ly Established Block 745497

Are you reflecting on the implications of a SBR / Strategic Bitcoin Reserve?

Do you have your own house in order?

How about a

- SFR / Strategic Firewood Reserve?

- SMR / Strategic Meat Reserve?

nostr:nprofile1qqsrvpmyysvepyqwn0u6eta7zqn58nqexgwy2j9awjr8r3lqh4fg5fgu7u49a got you covered, and can even supply you with a STR / Strategic Tallow Reserve.

Love that nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m is shilling nostr in the podcast discussion with Nicolai Tangen, the CEO of the Norwegian Sovereign Wealth Fund (Oilfund)

Listen from 28:03

https://youtu.be/e_Y9tI4dALA?si=IknwynLZ6OHkG9d5&t=1683

https://fountain.fm/episode/ROYOZGD47fwyT8kC3Qlz

“Be aware, freaks”

nostr:note16fhg80053s22vxvrhm6mp5ve08zpng093fmsqfucg2rzqmzmfpss8hxwn6

Replying to Avatar Jeff Booth

GM from beautiful Colombia.

With all the chaos and nonsense going on in the world right now, I wanted to share something that I believe is critical as it relates to what is happening on #bitcoin (the first global free market that can’t be cheated) versus a system of corruption (trying to stop that system) Either 1) through willful intent or 2) lack of knowledge.

(*the majority of people fall into the lack of knowledge group)

According to game theory and playoff matrices: even when there are very high rewards and low punishment (they wouldn’t get caught) approximately 10% of people won’t cheat - no matter what!They place a higher internal value on integrity that overrides external rewards. I’ve seen this number as low as 2.5% and as high as 20%.

Why is that important:

Although everyone wants to see themselves as one of the honest, the math says that between 80 - 97.5% of people will cheat depending on the rewards. Now enter money - the ultimate pot of gold with high rewards and low punishment for cheating because people don’t understand it. Most people will cheat - a mirror of the world we see and have seen in Bitcoin since its inception. Need inflation, bad for environment, drug money, doesn’t scale, crypto, meme coins - the list will go on and on because if people can “get rich at someone else’s expense - most will. Those are simply the numbers and always have been.

In fact, in prior periods of history, the honest were at a massive disadvantage because and would often be killed by the cheaters. Because the integrity was so rare, society would often celebrate these people after their deaths as lessons of what we wanted our higher selves to look like.

#bitcoin has changed the equation. Giving those with integrity the power. Why: because 2.5 - 20% of people that won’t cheat is a massive number - especially if many of those people are decentralized and can’t be “found”. Those are the people who eventually run nodes, contribute their time and energy to keeping #bitcoin decentralized and secure, watch for attack vectors, build value on top of this protocol, call out the cheaters, teach and advocate to help others see it. Those people simply can’t be bought, and more are joining every day.

That decentralized and secure protocol bounded by energy is repricing everyone and everything from the other system and it will continue to do so as that system tries to grapple with: the cheaters no longer make the rules.

It will be chaotic, many more will try to cheat (don’t be afraid to slay your heroes) but in the end…..Satoshi unlocked a way to put the best of us into a protocol that was best for all of us.

What a time to be alive.

wow

1. add a LN-address to your nostr-identity

2. write something (semi-personal) about yourself and use the hashtag #introductions in the note

3. keep broadcasting notes on the open protocol of communication

Favorite desktop cold wallet:

Reasoning:

1. UTXO management and labeling

2. multisig options

3. FOSS

4. nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2

5. Craig’s implementation of feature request from nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 and the nostr:npub1qdcakl75gd7wv0nqmmwrz09ddm5tzl7xj8lq2gclng2qzd8up5yqjpzclt Podcast

7. security and privacy

8. support for all signing devices

9. the former option to utilize Whirlpool if anyone wanted to

10. battle tested

https://github.com/sparrowwallet/sparrow