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Seth
ce4af05ca79375a0c93b669ed7b4b9ff9628b50de32d8970d500224108e3ad7f
Designer and builder of things. Homeschooling dad. Bitcoiner. Freedom tech advocate.

I took this pic of a grasshopper on my window then zoomed in on itโ€™s eye. Little dude was looking right at me wtf ๐Ÿค”

One of my favorite diagrams. Make thoughtful and intentional decisions daily

Replying to Avatar Lyn Alden

GM.

Some people say that everything is good for Bitcoin. I almost, but not quite, agree.

Everything that fails to land a critical hit, is good for Bitcoin. What doesn't kill it, usually makes it stronger. The bigger and more robust it gets, the more resilient it is against even the idea of a critical hit, and that has required work. When threats materialize, programmers program, financiers finance, and podcasters podcast.

Bitcoin is a growing, robust ecosystem that responds to threats and hardens against them. Sometimes at the base layer, often at higher layers. It doesn't put too many premature resources against threats that aren't currently hurting it, but can swarm massive resources in response to something that does start to hurt it. Nobody's in control; it's a well-designed swarm of incentives trending toward life, and in this case life means functional operation as a permissionless and high-quality global ledger to store and transmit value (i.e. electronic cash).

I've long since viewed it in that self-healing way, since it's a similar lens to how I view the established macroeconomic system as well. People continually underestimate a lindy system's response functions against threats, for both good systems (like Bitcoin) and bad systems (like central banking). It took me a bit of time to be convinced that Bitcoin was lindy, but once I did, I haven't seen any reason to waver.

Bears doubt its robustness. Bulls consider it highly robust. I'm a bull. It's not that I consider it invincible though; it's that I consider it as having a high probability shot at resisting forces against it, and a better shot than any of its competitors.

And for those who don't know, my background is in electronics engineering with a control systems focus in my early engineering career, so the fact that I became enamored with the robustness of a decentralized money's inbuilt control system and the ecosystem surrounding it was no small hurdle. It probably contributed to my skepticism early on, but once my skepticism was satisfied, it instead contributed to my conviction.

I agree with those who say that one day state attacks will be the biggest threats against Bitcoiners. Not against Bitcoin's existence itself, most likely, but against its permissionless and private usage.

The defense against that comes from those writing high quality code that gives people tools to resist, educators and financiers that help expand them, as well as jurisdictional arbitrage as high-conviction people can and do move around between legal jurisdictions toward freer ones.

It'll be a longer process than many expect, I think. But the ecosystem is built for it, and attracts the best people to deal with it. And Nostr is currently part of its epicenter.

Excellent article about the roots and evolving meaning of sovereignty, references to the great stoics, and living a more sovereign life. Check it out

nostr:nevent1qqsxn5nhkfqwm8esm3dv4kwcrve0s9a2c2t7gu9hhc9vgykgvm0daygks0fef

nostr:note1rr70lg0nemufv03ukpnp97um24tcp8v5w2pxz69lu9pzd7zqk7ast458md

nostr:note1xs7q7206aenwtp3qmvygzrxucqlcy5cuf4kgavfg6lfh4wjfpkrs8sc5r7

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Good morning. US debt currently at $32,653,400,000,000 uuhhh is this a problem?

https://www.usdebt.wtf/

Trail blazing in the woods and listening to big brain convos on Fedimint and Cashu ๐Ÿงก

https://fountain.fm/episode/TOKXZ5hj2owSrN66WxDk

๐Ÿ”ฅ nostr:note1xasxfpne787mdhj7kasgt8wu66wjyyqkllcsj6pagmtm7zpr4maqalhft9

Infectious rip with #[0]โ€‹ ๐Ÿ”ฅ๐Ÿ”ฅ

"Donโ€™t let anyone fool you. Bitcoin is the most political object on the planet. Why? Because no state can stop it, and it is an existential threat to every fiat money in existence today. It is the promise of money totally severed from the stateโ€”the most political objective."

https://fountain.fm/episode/13733099853