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Gradually demonetizing my neck of the woods

Those were good times, stackin' cheap with conviction

Replying to Avatar Lyn Alden

Most posts I make on Nostr feel to some extent like a challenge. And I post them anyway. I enjoy that challenge. I write them in part *because* they are challenging.

I'm putting uncomfortable thoughts into the decentralized Nostr void to anyone who wants to host what I say on their relay.

That's why I'm here. I'm adding my thoughts to this medium to help advance it. I write here the things I wouldn't post to the normies on Twitter/X. Only on Nostr do I embrace my weirdness and inappropriateness. I analyzed this ecosystem, and decided that you, and only you, yes you reading this who took the time to be here, deserved to see my real or "based" thoughts to the extent that you care about them. And that includes my weaknesses. I've shown those in some of my recent posts, and I'll continue to show you my weaknesses here. I wrote about the times I got rekt in a fight and cried. I'll type that kind of thing out here, and only here, on Nostr, again and again.

If I post something intellectually polarizing I start to think, "what would my followers think?" But then I'm immediately like, "I don't know. Who cares. If they hate my truths here then were they even real my followers to begin with? Maybe they need to be challenged."

Meanwhile, I *do* care what you all think in aggregate, am willing to disagree with you individually on certain topics, but want to hear your thoughts. And I'm willing to change my views based on you. In fact, many of my Twitter/X posts are there over the past years because I want to see what people comment with before I write my full-on reports. The same is likely true for Nostr. This is raw ground. I want your thoughts. I won't bend my truths toward you, and I'll challenge you, as I expect you to challenge me.

So, if someone takes the effort to be on Nostr and some how reads this, I want them in my ecosystem. I want their criticisms as much as their praise. Criticize me here. I'll enjoy it. Let's go. You're awesome.

And then I'm like "What about my business contacts?" I have like these various billionaire institutional close contacts that are richer than me but have to wear ties to work. But I mean, if they are reading this right now, they are fucking awesome. I think, any of my serious existing business contacts who are cool enough to be here, are likely people I want to continue to work with. If they don't like what I say, they can bring it up with me. Otherwise they can appreciate my rawness here, and recognize that Nostr is where I post my random thoughts or my deep thoughts, and either of which are my raw thoughts.

My goal is to be real, and to advanced this protocol.

The day that far more people are on Nostr, is the day I will practice more public moderation. Until then, and that's probably far away, it's the medium where I will drop f-bombs and describe weird situations and thoughts. Let's go.

https://www.youtube.com/watch?v=akPbu6TOx2E&ab_channel=JerisJohnson

LFG! I appreciate and respect your work and notes, glad this alternative outlet exists without censorship

Replying to Avatar Keith Mukai

Yeah, my Spanish is FAR from fluent!!

But it's just good enough to discuss #bitcoin self-custody at about the level of a well-informed 12yr old (albeit with an ~8yr old's vocabulary!).

https://www.youtube.com/watch?v=k74UXIRwKt8

Why do it in Spanish?

It was important to me to show that I (and Bitcoiners in general), are earnestly trying to meet Salvadorans where they're at. You don't have to cross this huge tech and language chasm yourself; I will do my best, flawed as it is, to come to you.

And I think it makes everything so much less intimidating and more human. I hopefully helped them understand bitcoin a bit better, but I also needed their help plenty of times, too. Creates a vibe that we're all on equal footing, even though we contribute different expertise and struggle with different challenges.

Result?

I did get some really great feedback -- from native Spanish speakers! -- that this did help make certain things finally click for them.

Random thoughts:

* When I didn't know a word and people in the audience did, that in itself was like a mini comprehension check. And makes the talk a more active experience; not only are they processing and anticipating what I'm trying to say but they're also engaged as co-authors/co-presenters in a sense.

* There's ALWAYS value in re-teaching the basics.

* Conferences that are trying to appeal to broader audiences should have dedicated sessions and resources for beginners.

* Americans can be shitty to people who speak broken English but the Spanish speakers I encountered were overwhelmingly supportive, enthusiastic, and gracious about my so-so español.

Great job, Keith- you are a legend. I need to come down to ChiBitdevs sometime, MKE feels lost

Replying to Avatar ODELL

I think I have been a bit unfair to nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq recently - respect the massive pressure of running a no kyc bitcoin custodian.

Sincerely hope there is never a rug.

remaining sats on WoS are my rug gift to them. Don't use anymore but was an important beginner tool to gain exposure/learning/test experience

So close to realization of great call by nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx....Can't wait to hear Marcus eat his words 😆

Just got my First Edition, ready to dive in. Would love to hear a CD92 v2 with Lionel!

generating hundreds of small utxo's to the same address while burning most of it on fees- the opposite of utxo management?! I know I'm like 11 months late in asking as Honeybadger DGAF about ordinals, but to sustain this long now I'm getting mempool curious wtf is this?

Nice, now alternate view on 5 minute refresh cycles! Loving my orangeclock... the wife was gone for a week, came back and said, "why is your clock going down?" 🤣 I told her it's trending to zero forever

Double or nothing, lol "you're not gonna win shit!" Best call of 2023👊

The next time, someone tells you they don't like #Bitcoin because of #climate change, ask them if they're using banks.

https://www.theguardian.com/environment/2023/oct/31/banks-pumped-more-than-150bn-in-to-companies-running-carbon-bomb-projects-in-2022

Between 2016 and 2022, banks mainly in the US, China and Europe gave $1.8tn in financing to the companies running the carbon bombs – 425 extraction projects that can each pump more than one gigaton of carbon dioxide into the atmosphere – cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over.

Anti-FUD gold here

Replying to Avatar Lyn Alden

Unless someone is setting out to be a professional author (very hard), nobody should write a book to make money.

When I set out to write Broken Money, it was because I *had* to, not because I wanted to. Spending a thousand hours on something that I get a profit of $5/copy for is not my best use of time.

Any time I spent on my research business revenue generation content, or leaning harder into my venture capital partnerships, would have been better on an hourly ROI basis. I have to sell 40 books to equal each newsletter subscription on my website; clearly the latter is better financially.

Almost regardless of how many copies I sell, it's a bad ROI for me. I'm overworked and the fact that I wrote a book while maintaining my existing business stressed my relationship and social life. And further, I am reinvesting most of my initial profits; the first 1,000 copy profits go to the Human Rights Foundation Bitcoin Development Fund, and the next 4,000 copy profits will go towards making a video about money and why it's broken.

And all of it was worth it. When a creator has something in their head, it's painful until they get it out into the world. I wrote this for bad ROI but because I wanted it to be out there for people to read, period.

Will I make a profit? Yes. But at a much lower hourly rate than I make on other work I do. It's a negative profit compared to having reinvested that thousand hours into my other existing work. But I consider it to be more important, which is why I spent the time.

I wrote Broken Money because I had to. The book concept formed in my head after many years of writing and research regarding money, and it would have been increasingly distracting to *not* write it. I didn't realistically have a choice. I felt compelled to write it. Part of it was altruistic; I wanted people to learn from my total monetary framework thoughts over five years of research. Part of it was egotistical; I wanted to timestamp something in the world, in physical form, and put it out there. Maybe it's the low time preference part of me; I'd like something of me to be mentionable to people in the distant future who look back at this time.

My background has been a blend of engineering and finance, with both ironically pointed toward bitcoin.

I don't care where you buy it from, and you can pirate it if you want, but it benefits bitcoin and nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak if you buy it from his website. Circular economy rather than big fiat business. We've introduced a special edition hardcover with a cloth cover and dust jacket for those that prefer that premium format, only on his website. And you can buy it in fiat or sats.

https://academy.saifedean.com/product/broken-money-hardcover/

I've purchased 5 copies, gave away to co-workers & friends. Plan to continue buying and dropping into free little libraries as I'm able to. Thank you for your efforts in this great work, it was most certainly "worth it" to your many appreciative fans