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Replying to Avatar Lyn Alden

I rarely lose my temper, but whenever I do a couple times per year, my writing gets 10x as much reach and likes and shares, and gets basically immortalized. But I'm rarely happy about it when it does.

I still think about this a lot in terms of how I choose to use social media- with reach comes responsibility.

It's both a bad thing and a good thing. On one hand, it's not great that posts based on a combination of emotion and reason get *way* better reach than ones based on more pure reason alone. For "clicks" the best thing I could do for a given post is lose my temper and go all-out on something.

On the other hand, the rare cases where I lose my temper are based on serious built-up frustrations over months. I'm frustrated about something, keep holding it back, and then something becomes intolerable. My socially-compliant self-censorship all unravels at once, not perfectly, but with a clear aspect of *deep* honesty. And people see that honesty because it reflects their own. So it spreads.

So, most of the time, I write carefully, and I know my audience comes from multiple different backgrounds, literally from Indonesian farmers to Wall Street institutional billionaires, and I try to politely move the Overton window from within the Overton window. But a couple times per year, I lose my temper and post my emotional thoughts, which in some ways are more honest, but are also not exactly my ideal self-actualized self.

I end up being grateful for both my constant attempt at control and my rare tempers, because somewhere in the middle is my truth. That blend between controlled reason and built-up emotion is really hard to manage in an era of digital media and semi-immortalized content.

Anyway, I'll post this random stuff on Nostr, not Twitter. You guys and girls get the real thoughts because you're here.

Part of it is that you are so measured in most of your communiques that when you go on a rant, people take notice. It’s the scarcity of these episodes that contributes to the value. If you were ranting all the time the impact would be less. Use this power sparingly and for the ideas you want to spread the most!

Good interview. I appreciate the way you try to bring diverse viewpoints to your show.

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

Wow. Agree with the analysis but never heard Lyn speak/write so forcefully/aggressively. Lyn is usually very measured and balanced in every other instance that I’ve seen her express herself. Either she really hates Elon or she didn’t write this post. ??

Replying to nobody

Helping an orange pilled friend to get his first whole bitcoin and it's been a nightmare. They asked me to guide them through the process although I last bought BTC many years ago, but I know the ropes, or at least I thought I did.

This is how it panned out...

Sell US based Shares - Two days to settle

Convert to GBP - Two days to settle

Transfer funds to FIAT Bank Account - One day

No issues with the transfer of funds but took 5 days

Set up two Exchange accounts with full KYC and AML process. One app based exchange and one traditional exchange.

Transferred £10k to each via bank transfer.

App based Exchange (let's call it Exchange A) recieved funds within minutes. All good. Set up DCA to buy £1k per hour. All working fine. Received support email requiring him to prove the source of the funds. Duly sent off but no response yet from Exchange but DCA is working and we've been able to get BTC off Exchange and into cold storage.

Traditional Exchange B - Despite leaving FIAT Bank, no sign of funds in Exchange. After a few hours, email to support and the funds had arrived but not posted to account. They arrived a few hours later. Bought 6K BTC. Then get a support email saying that BTC withdrawals suspended due to possible fradulant activity and would be receiving a phone call to review during business hours. This was 4pm in the afternoon. By 11am the next day still no phone call so emailed support. The block was lifted but was advised that when we sent the BTC, we would get a phone call to confirm to release the funds. Knowing that we were pissed, they did offer to ring back as soon as we made the transaction and go through the release process. Which they duly did. But they did advise that any further transfers out for similar amounts would need to be reviewed manually.

Then the next day he received a support email stating...

Your account has reached a threshold at which we are required to verify your source of funds so we can comply with our local AML/CFT legislation. Please can you provide the following documentation in order to verify your source of funds:

- A bank statement showing the funds being sent to xxxxxx and the 60 days prior showing how the transaction has been funded.

- A selfie of you holding both your proof of identity document and a handwritten note that states the following; "I am buying cryptocurrency from xxxxxxx for my own use and I am not under any pressure from a third party. I understand that if I send cryptocurrency to another individual or business it may be unrecoverable."

Please note that if your deposit has been funded by another bank account then we will also require a statement for that account. The statements must show how the transaction has been funded, i.e. salary, inheritance, windfall etc.

Seriously?

What an absolute shit show.

I could understand if the issues were with the Share Broker and FIAT banks but they were fine, even though it took a long time to process.

The issue has been with the BTC Exchanges in both buying and withdrawing the BTC.

Such a level of friction, it's astounding.

How on earth is anyone expected to transfer a significant portion of their wealth into BTC if they are made to jump through hoops and made to feel like a criminal.

We need to do so much better.

The friction is intentional. They are trying to close the on and off ramps to BTC.

more like a “Perfect Record” (of being wrong!)

1BTC will always be 1BTC if you have a low time preference.

WTF?!? Elon BOUGHT the company. Nobody forced him to do anything other than complete the contract he signed. Now it’s up to him to make it work. He’s a big boy billionaire…no need to feel sorry for him and I sure won’t.

noster and gif **Not** nostra and jif. I have spoken.

Got carried away with purple shampoo!

it’s not daily yet but he is posting: npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m

Replying to Avatar Guy Swann

Consider,

Twitter could've implemented lightning tips, or honestly payments of literally any kind YEARS ago. But they didn't. Why?

#Nostr on the other hand has accomplished this in no time, and everyone who has experienced it immediately feels what a big deal this is... but why exactly?

Numerous features implemented in Nostr could've been on Twitter all this time.

• Do you think it's because they didn't want to?

• Was it too technically difficult, even though Nostriches pulled it off in a matter of days or weeks?

Of course not, it was POLITICALLY infeasible. Remember how Facebook spent *years* and bookoos of capital trying to create a *whole new currency* just to enable it because there was no chance of doing it with dollars? They were even dragged before Congress to explain why they would do such a thing as enable payments on social media! How dare they! It was easily squashed despite the fact that the list of those backing it was essentially a Who's Who of Silicon Valley fintech.

And what did the Twitter Files teach us? That not only would the suffocating regulatory environment make tips and payments on social media virtually impossible, but the political leviathan refused to even allow them to freely TWEET to their followers! Intelligence agencies were both *funding* social censorship & had direct communication channels to shut down people's accounts, shadow ban, & ensure that "unapproved" opinions simply can't travel through the network.

Like @#[0] said, "this has the power to monetize dissent." Consider the insane power of sharing an "unapproved" opinion to millions of people and being directly rewarded with 1000s, maybe 10s of thousands of private, instant payments while the post has unfiltered, free flow to every last user in the network.

No more "donation services" or "patreons" that take 10% and will preemptively shut down anything remotely against the establishment. No more Go fund Me's fuck stealing millions going to protestors to donate to a "charity of their choice." They are all immediately redundant & pointless.

Instead we are walking into a world with unfiltered, free flowing information and unfiltered free flowing money.

The simple fact is that no large, centralized social platform of any kind CAN do what Nostr does so easily. Because they have a gun to their head & they know it.

This is the 10x value add that is going to wake people up, and it's going to start with ALL the dissenters. We need to find all of them and bring them here.

The simple ability to have direct access to millions of followers, and be able receive payments and tips from them directly, unfiltered, untaxed, with no middle man & no authority whatever involved...

They are afraid as FUCK of that power. And they absolutely should be. Think of what a staggering problem the mere existence of someone like Joe Rogan has presented in the past couple of years. Now consider they attacked him through his network, his advertisers, his payment processors, and a huge targeted propaganda campaign (and fucking LOST despite, 🤣). Now think about the 1000s of others we watched get attacked, banned, deplatformed, canceled, etc...

–––––––––––––

Now imagine the past 3 years done over again, except without any of that being possible anymore...

Guys, we are right in the fucking middle of the revolution. It's right now.

⚡⚡🔥🔥

Love it! I second your thought that it’s free speech without some algorithm inappropriately boosting inflammatory speech to boost engagement for the purpose of generating revenue - so damaging.