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Chako Chino
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Builder

Dear Jeff, working in construction- how can bitcoin be used to improve the industry and the lives of those working in it?

How does bitcoin help improve the lives of people working in the trades - builders, carpenters, plumbers, electricians etc?

Thanks mate this is excellent. However, when I try to download Specter to my raspiblitz I keep getting an error message. I have tried from the menu and manually with the recommended command. I have taken a screenshot of the error message on the terminal window. Should I share that screenshot somewhere? Like with yourself or the raspiblitz forum on telegram?

Hello, I have a raspiblitz but struggle to make it work well as my computer skills are very basic. Is there good instructions on how to connect a ledger hardware wallet to a raspiblitz? Also what is the best wallet to use if I wanted to buy Lyn Alden’s book with btc on Saif’s bookstore?

Who knows, maybe Squidge Rugby’s dreams will come true and Wales will surprise everyone! I hope Squidge gets into nostr soon - he would love it!

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/

Thanks for all your efforts Lyn. I hope that one day you write about ancient Egypt and what it can teach us today. I also hope that you write more about how the martial arts can make us better people.

Replying to Avatar Lyn Alden

Avoiding posting on Twitter at the moment. I’m just watching there. There’s enough overnight-expert Middle East hot takes and emotions are running high. The violence and scenes are terrible, and my heart goes out to all victims involved and those who will be caught up in it going forward.

I’ll instead post a few things in my lane here as it relates to global finance and todays actions relating to things I’ve already been covering but that now obviously have updates. Helps me get my thoughts together for what will eventually be my next client report.

-Actions like this show the difficulty of multinational currency agreements. Saudi Arabia and Iran have been having more peaceful relations lately as China brought them together (“enemy of my enemy is my pragmatic financial friend”, and so forth). They are both set to join BRICS+ in January 2024.

-But, Saudi Arabia has also been working with the US and Israel on normalizing relations with Israel, in exchange for US arms deals and such. Saudi Arabia was also making promises to raise oil output to alleviate oil prices if they grow too quickly, which the US wants.

-So this attack (w/ Iranian involvement and public support) puts Saudi Arabia in a weird place. Lots of division and competing goals within BRICS+. Has all sorts of implications for Saudi/Israeli relations, Saudi/US relations, and what happens in the coming weeks will affect how those go.

-Egypt and Ethiopia are also joining BRICS+ in January 2024 and they have had a multi year ongoing feud regarding the Grand Renaissance dam on the Nile.

-China and India are well known as not being on good terms. Border disputes and all that.

-Building trade and currency and military agreements between so many different cultures is a bigger challenge than doing so between US and West Europe.

Hope your family is okay and very grateful for your posts on nostr.

Thanks Natalia for digging deeper with Lyn.

Replying to Avatar Lyn Alden

Ask and you shall receive. The market speaks.

A lot of people wanted to be able to buy #BrokenMoney using money that isn't broken, and I've been coordinating with Saifedean for the past month in preparation for his bookstore launch to make that possible upon launch.

On https://thesaifhouse.com/ you can now buy my book Broken Money in hardcover, ebook, or audiobook (pre-order) with fiat, on-chain bitcoin, or bitcoin over Lightning. You get a 10% discount for paying in bitcoin.

The hardcover version on his site is also a unique edition. Rather than a laminate cover, this one has a cloth cover and dust jacket, manufactured via the same supply chain that his new book Principles of Economics is.

Dear Lyn, when I log into nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak bookstore, there doesn’t appear to be a way to pay with bitcoin. Can someone explain how to pay with bitcoin on Saif’s bookstore ?