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Isn’t paying with bitcoin counterproductive? Genuine question. I’m trying to save as much of it as I can, so when a business accepts bitcoin I still use cash.

Dim 6mo ago

Imagine yourself in a few years. Imagine you are fully convinced that bitcoin is better than fiat. Every cent you earn goes straight into bitcoin, and you have no fiat. How will you buy stuff? (Some of us are already living like this, and when people say 'never sell' it just signals that you're not there, not yet...)

Dim 7mo ago

Stack Bitcoin until your purchasing power starts going up faster than you can spend it. Then do whatever you want, forever. It really might just be that simple.

Replying to

Ben Justman🍷

I thought wine was supposed to get more valuable with age.

Everything in my cellar is losing value fast.

Even as the bottles improve with age and each vintage gets more scarce, they lose value.

Bitcoin is eating my lunch.

Just in the last month, my wine is down 26% and I don't see this stopping any time soon.

Once I understood this dynamic, that my wine is going to be devalued in bitcoin terms forever, I had two choices:

1) Reinvest back into my business to grow faster than bitcoin.

2) Sell wine for bitcoin and let that grow for me

In some ways I'm lucky that scaling up a winery is so hard. I age red wine for 2 years before I sell it and there's no real way to speed that process up. How could I possibly justify an attempt to outgrow bitcoin? My choice was easy.

For CPG businesses that cycle inventory faster, the decision isn’t as clear.

How do you make the case for bitcoin to someone beating its historical CAGR by reinvesting into their business? They're killing it, but long term, do they really expect to outpace bitcoin?

The pressure to scale constantly disappeared when I realized I didn’t have to grow just to survive. Just putting some of your sales in bitcoin lets it do a lot of the growing for you.

Growth is a fine goal, but chasing it just to stay afloat wears entrepreneurs down. They trade sleep, family-time, and sanity in the hopes that they can keep up.

Bitcoin can carry the growth pressure so you don't have to. Build the business you actually want, and let bitcoin carry the rest.

Dim 7mo ago 💬 1

Could you sell "barrel shares" analogous to to the "cow shares" that ranchers sell? For BTC, of course...

Dim 8mo ago

Read Vonnegut.

Replying to

Harry Bath

People ask me what's a good way to stretching if you are a middle age man, Brazilian Jujitsu

Dim 8mo ago

Also good if you are a young man. Or an old one. Or a woman...

Replying to

QW

I’ve been delegated the task of making dinner tonight.

My wife said we have to use the asparagus in the fridge and I’ll be headed to the store for the rest.

Shoot me ideas.

Dim 10mo ago 💬 1

1- Throw asparagus in trash.

2- Buy and cook a nice steak for dinner.

Dim 11mo ago

My mempool just cleared. Wasn't sure I'd ever see that again...

Replying to

DETERMINISTIC OPTIMISM 🌞

Record year for us, never shipped as many hardware wallets.

Doubled the warehouse capacity, still behind. Still made and shipped from Canada.

A fuck ton of new paranoid crypto anarchists were minted.

Mind blown.

#LearnToBitcoin 🤙

Dim 11mo ago

When you added the clicky buttons, I remember thinking, "These fucking guys are going to make me buy an endless parade of new devices, aren't they?"

I was right. You're the only ones coming up with new hardware worth parting with some of my bitcoin for. Easy way not to buy anything else is to ask myself, "What does this do that my Q won't?"

Q for cold. Tapsigner for warm. Nunchuk or Sparrow to move or watch them. Satscards and Opendimes are fun to play with or give away too.

Love you guys! Keep 'em coming and I'll keep buying.

Dim 11mo ago

Put a hockey puck on an icy table. Tip the table, and the puck will slide. If you want to keep it from sliding, put your finger on the puck and press down, and you can tilt the table more before the puck slips. If you really want to keep the puck in place as the table tilts more and more, you don't press down, you press the puck into the table. In the 'normal' direction.

You are exactly right when you say that the amount of friction depends on how hard the two objects (puck and table) are pressed directly together. Any direction that deviates from perfectly perpendicular to the table surface will try to move the puck. Friction will oppose this motion, until it can't.