This is the slower approach to the executive order stuff we’ve seen banded around
Maybe the tortoise will be faster than the hare when it comes to US Government adoption
nostr:note1grt6c56cv3ulz69jm9sn4cg4gwjm33q5szmm2za4mu9gct92sj4q3gxzh6
I wonder if nostr:nprofile1qqspj6mmcm9apuce2fx0zyr3h87m6y5zhk8zset0nptfktkmr857a5cpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcc9xvmt still controls his nsec?
Great question! I think yes, but dormant, so we need to get him involved more
The Bullish Case for Bitcoin
Dale Warburton and I discuss why Bitcoin is no longer a speculative bet but the ultimate savings technology. We explore why Bitcoin has been the best-performing asset of the past decade, its total addressable market cap, and where we currently stand in the adoption curve.
Don't Lose Your Bitcoin! The Biggest Self-Custody Mistakes to Avoid
Dale Warburton and I discuss the most common mistakes Bitcoiners make when moving to self-custody. What are the most challenging aspects of taking self-custody? What is the biggest threat to your Bitcoin? Which wallet should you use?
What are the most important metrics to follow when looking at global liquidity do you think?
This is one for sure…
Had a money manager report on performance this week.
The note I saw: “Portfolio has performed in line with expectations, and performing strongly at the start of this year. Portfolio is up 10% since October 2023”
In that same timeframe:
- FTSE 100 is up 13.8% since 2/10/23
- Gold (usd/oz) is up 43% since 2/10/23
- Bitcoin (btc/gbp) is up 243% since 1/10/23
Reminder: most asset managers massage their data to suit their narrative…
As investors you HAVE to be able to distill your own conclusions, or retaining purchasing power is but a dream
The Bullish Case for Bitcoin & The Future of Self-Sovereignty with Dale Warburton (JWP7)
In Episode 07 of The Jake Woodhouse Podcast, Dale Warburton and I discuss what it’s like being a Bitcoin Mentor, the importance of permission-less money, the most common new-coiner self-custody mistakes, the bullish case for Bitcoin, and the future of nation-state Bitcoin adoption.
Dale Warburton is the head of “Bitcoin Mentor Australia”, host of “The Why Bitcoin Show”, and a former attorney with a background in commercial real estate, technology, and digital media.
TIMESTAMPS:
0:00 - Introducing Dale Warburton
1:17 - Why Start “The Why Bitcoin Show”?
6:17 - What is “Bitcoin Mentor”?
9:01 - Permission vs Permission-less Money
14:04 - The Most Common Self-Custody Mistakes New Bitcoiners Make
21:55 - Bitcoin Privacy & Geographically Distributed Multi-Sig Wallets
27:26 - The Bullish Case for Bitcoin
31:41 - Where Your Mind Goes, Your Money Follows
34:49 - Trump’s Strategic Reserve: Bitcoin vs Shitcoins
42:50 - Australian Citizenship and Government Overreach
53:00 - Fatherhood & Leaving a Legacy
The Allegory of the Fiat Cave - Why Most People are NOT Ready for Bitcoin
Joe Pane and I discuss Plato's Allegory of the Cave, a story about people trapped in darkness, mistaking shadows for reality, until one escapes and discovers the truth. Similarly, the fiat system keeps people in financial chains, unaware of how inflation and debt quietly rob them of wealth. Bitcoin is the exit, but most people aren’t ready to see the light.
You biggest loss, is often your best lesson
Use it
Take inspiration from it
Go out and win
This essentially happened to all Australians during the covid-zero lockdown strategy
Aussie citizens had to ask permission to leave their own country
If they didn’t have a 2nd passport, and the government didn’t deem their reason to travel permissible, then they couldn’t depart on international ships or planes
Crazy in hindsight
One of the reasons I learnt about the importance of flag theory and multiple passports
When you know, you know…
A great primer on #Liquidity and #QE by my friend nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgq2hwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tmwwp6kyvtnx4uhzdnhv9j8wuncv3jngmrgveen2dn8dcmrg6rh0f6ksmnxvym8ywtddg6rwdnjx4eng6rtw4h85em6w9e8xdn3xaaqqgxy3dwva4dd5axmq7xldvq055luzyuawwlsa5tduvja2g3qyywm65eft0d8 who, incidentally, should spend more time on #nostr.
Always enjoy reading his newsletter
Learnt a lot from it
Real interaction is the key. Totally agree with that!
Did a pretty good job of avoiding it for 30 years!
The day you realise this, is the day you see disruption to the largest market there is…. Money
AI is Changing the World—Here's How Bitcoin Protects Your Wealth
Pete Winn and I break down how AI is creating a unique profit opportunity and why Bitcoin is the key to preserving that profit. As AI advancements slashes costs and disrupt industries, businesses have a short window to capture profit before margins shrink. But with governments likely to respond to job losses by printing more money, where should you store your wealth?
Explained Nostr to a friend today: "what's the lightning for?"
Initially I thought they were asking about the lightning network... Chatted through the base layer, scaling, faster payments etc
"No, on your profile, what's the lightning bolt?"
Me: "Ohhhhh, that's zaps! I can send and receive fractions of a Bitcoin with people"
"What you're making real money on this?"
Yup...
"I am starting an account"
Sometimes what we take for granted is the hook. Must remember to 1) tell people about zaps and 2) zap the hell out of Nostr accounts I like!
Onwards
Guys...I had an idea recently that I've been simmering on, and I think I might be onto something big here.
The zapping ecosystem unlocks infinite possibilities for expertise-seekers and expertise-providers to meet for a win-win transaction. But I feel like we haven't even scratched the surface on this in terms of building out an ecosystem of P2P micro-economies through the use of the "#Ask_____" hashtag format.
Imagine... experts of all types, across all fields, aggregating around hashtags according to their skillset, so they can answer plebs' questions, who then zap them for their input.
Examples:
Doctors: #AskDocs
Lawyers: #AskALawyer
Web/App Development: #AskDevs
Need Help Writing: #AskAWriter
Need Relationship Advice: #DatingAdvice #AskAMarriageCounselor
Need General Life Advice: #AskALifeCoach
(Hashtag semantics could be tweaked of course, but you get the idea)
It could also be expanded into freelancing requests, such as:
Need a logo design: #NeedDesigner
Need editing help on a written piece: #NeedEditor
And literally anything else the purple hivemind could think of...
As you can imagine, the depth of which we could take this is infinite. Literally anyone out there with expertise in ANYTHING could bootstrap a hashtag that other nostriches could use if they ever need help. And if lots of other folks do see value in having a channel opened up with a group of experts in that niche, all they have to do is just follow that hashtag, and use it anytime they have a question.
Of course, in order for this to work, Both the experts and the question-askers would have to embrace the concept wholeheartedly, making those hashtags active enough that the experts have enough of a financial incentive to keep that hashtag bookmarked, and actually spend time scrolling through and answering questions. But I think this would fit so well with the Nostr culture, that it has major potential to gain momentum quickly.
We've already seen how popular #AskNostr has been, and that hasn't even had a formal #Value4Value culture around it. It emerged completely organically, exactly how I expect all of these others would, given enough community enthusiasm. Ultimately this whole idea would just be an evolution of the #AskNostr concept—expanding the "#Ask_____" format out to EVERYTHING, with the embedded etiquette that you ZAP those that help you.
Eventually, if it grew big enough, we may see a large enough ecosystem of hashtags emerge that we could have either npubs, or a centralized database that tracks the most popular #Ask_____ hashtags, so the whole community knows which ones are the most active should they ever have a question within that topic. (This would also act as great purple-pilling bait for experts from these fields that aren't on Nostr yet. By joining the protocol, they could then start earning #Bitcoin by participating in this zapping ecosystem, directly with people around the world who are willing to pay for their expertise).
Once this idea gets engrained deeply enough into the Nostr culture, the maintenance of the concept would be quite simple 👇
EXPERTISE-SEEKERS:
- Post your questions, using the corresponding hashtag (ex: for a medical question, #AskDocs)
- Follow good etiquette and zap the doctors who answer your question (perhaps you could also attach a bounty to the note, i.e. "best answer gets a 10K zap")
EXPERTS:
a) Keep tabs on the hashtag corresponding to your field
b) Answer questions
c) Earn zaps ⚡️
d) Optionally, you could also put the hashtag(s) you frequent in your bio, to raise awareness on it (thus bringing more future questions ---> more zaps for you 🔄) so your followers know that's where to go to get advice from you and other experts in your field.
This would be a very interesting free market experiment, which I could see blowing up should both experts and question-askers embrace the idea of an open ecosystem of #V4V help channels.
Since the most obvious example I can think of as a kickoff test would be medical advice from doctors, I will tag in the Nostr docs I know below. I know nostr:nprofile1qqsd7msd66kcej39cpuu0n4ln9jce7gjgz65ck6deyzyytnay95sqhspx9mhxue69uhkummyv5hxxmmfde3hyet9dvhxxmmd9ahx7um5wf3kc6t9de6z7ctsdyhhvvf0wfjkccteqyxhwumn8ghj7mn0wvhxcmmvqy38wumn8ghj7mn0wd68yttkv4exjenfv4jzuam9d3kx7unyv4ezumn9wsacwhjf has already been doing exactly what I talked about above on an individual level (answering dentistry questions to anyone who tags him, in exchange for zaps).
What do y'all think about this, nostr:nprofile1qqstzt0wugc7sklvr8e7fcl7ukyn63ym3ns4nmf2mnk0vqnz4l9x65qpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ezumtfv3jxc6twvuhx67tydeeju6nsqythwumn8ghj7mn0wd68ytn5dacx2arg9e5kuen0te28kw nostr:nprofile1qqsra0r5jp73ly50yz00yy8gwt9vqvl270lcne59x2rdghv3udg7l8spzdmhxue69uhhqatjwpkx2urpvuhx2ue0sv2m5n nostr:nprofile1qqsxknkf3upwv3lqz3qtguammy48lt3puqdk4fkxtcedh99rvzfzwtsppemhxue69uhkummn9ekx7mp0qydhwumn8ghj7un9d3shjtnwdaehgunsd3jkyuewvdhk6tcpzamhxue69uhhyetvv9ujuen0w4h8gctfdchxvmgm0eauz nostr:nprofile1qqszjf0k3vznlcvcw4efurpywfannqkegp69kwccfvz5yzqgft6tukcpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtc8n0pm0 nostr:nprofile1qqst0xtvrqlqxm0j0qpfgkuqh0wgkzl4judkvgdgd0e4d8pnyytlqlgpz4mhxue69uhhwmm59eekjctdwd68ytnrdakszxthwden5te0wpex2mtfw4kjuurjd9kkzmpwdejhgtcpz4mhxue69uhhwmm59eek7anzd96zu6r0wd6qu6c2pf nostr:nprofile1qqsdvyenvujkqs4xwae3se2m78ecmrxaj385h2nvpdcw7jcztx227pqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hszyrhwden5te0dehhxarj9emkjmn929qg0h? Would you participate in following the #AskDocs hashtag, answering people's questions, and earning extra zaps for it?
I'll leave it here for the Nostr community to discuss. Am I thinking too big, or could this be the next big trend that takes P2P #V4V into another stratosphere?
Share your thoughts below!
This is already more than an idea! "Traction trumps all" is a phrase I love when it comes to this kind of thing.
As I was reading, I found myself thinking of it competing with reddit, and sub-reddit threads. Ie places I actually search for real answers. A product review. Or how to fix a website plugin / edit a podcast. Sooo many topics now come to mind.
Also check out the latest episode I did with nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgy5y90592trxhy8lju73qdqhwmzhxne25v7zzw0t7wjaashdq0kygy5pn6j who is very eloquent about how he is using systems engineering and AI to be insanely efficient. I wonder if Nostr hashtags could be used to fulfil the micro-tasks he has...?
Open protocols win!
💪
My personal hunch is that intra-day stuff, macro traders etc, love feeding on this type of information. Is it priced in? Clearly not. In particular Bitcoin seems to act as a good barometer on sentiment, as the most liquid asset globally. The canary in the coal mine type thing.
I then tend to feel that Bitcoin will not be hammered as hard when the market opens, as all the tradfi assets are then tradeable
What feels best: HODLing Bitcoin in self-custody (I just don't really care what everyone else is up to)
The world of Austrian economics is arguably the highest roi of subjects I’ve studied the past 4 years
Helps you see the world for what it actually is a lot of the time