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Joel Valenzuela Profile picture
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Feb 23 • 8 tweets • 2 min read
I support the abolishing minimum wage laws. We have the right to work for whatever pay we agree on with our employers.

I owe my current career to working WELL BELOW minimum wage when I was almost 30.

🧵on how sub-minimum wage work opens up opportunity👇

1/7
 #NHPolitics
After working in public policy for over 10 years straight, I decided to switch careers and get involved in the exciting and rapidly-growing crypto and blockchain industry.

But I had no relevant experience. I could write, but that's it. So I got a job with a news publication

2/7
They paid me ~$20 per article (in Bitcoin), and it took me several hours to finish each in the beginning. I worked my ass off for not much over $10k per year.

It was a struggle, but I fed myself and got the experience needed to still work and live on crypto 8 years later.

3/7
Having little experience, there's no way I would have gotten the job if they had to pay $15+/hr. I would have had to work as an unpaid intern, which I could not have afforded at the time.

This job flexibility can help a lot of people!

4/7
Remember, a $15 minimum wage doesn't mean every job that paid less must now pay more. It just makes it illegal to work for $1, $2, $3, etc.

The real minimum wage is, and always will be, $0. If whatever a job paid before is now illegal, $0 is the new wage.

5/7
We need MORE sub-minimum wage jobs, not fewer. Preferably stackable ones.

Imagine being paid $5/hr. each to moderate 5 separate online forums over the weekend. Just sitting around in your jam-jams for a few hours occasionally banning trolls for $25/hr., not a bad life!

6/7
Read Frédéric Bastiat's What Is Seen and What Is Not Seen. Lots of times when you don't understand basic economics, you end up causing way more harm than good.

Thanks for reading everyone, enjoy your week! ☮️

7/7
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More from @TheDesertLynx

Joel Valenzuela Profile picture
Jan 31
Some thoughts on #Nano $XNO. It's one of the most interestingly-designed crypto projects, though I think its incentive problems will keep it from reaching mainstream adoption.

Let's dive in! 🤿

1/11
First, even though I'll be saying some critical things, I'm grateful Nano exists: it needs to in order to provide a contrarian position to existing crypto assumptions.

Nano proves you don't need to do things the same as everyone else in order to make something that works!

2/11
Nano operates on maximizing two key principles: fast and no fees. Everything is designed in order to make sure you can send money quickly without paying fees or inflation.

And this is achieved by a unique and barebones structure. But it does actually work!

3/11
Read 12 tweets
Joel Valenzuela Profile picture
Jan 24
Meaningful adoption of #Crypto as money still hasn't kicked in yet, despite 14 years since its inception and demand across the globe.

Why? 🤔

Because we keep getting stuck at certain levels of the adoption cycle. Thread:👇

1/12
Before going further I should acknowledge that #Bitcoin's block size limit did slow down adoption.

The blocks filled up and adoption halted until the #LightningNetwork became viable just a couple of years ago.

Happened regardless of if you think it was necessary or not🤷‍♂️

2/12
Okay so there are 4 big steps here:

1: People want crypto
2: People buy crypto
3: People want to be paid in crypto
4: People want to spend crypto

Each step represents consumer demand driving adoption, and each step needs its own tools to make this easy.

3/12
Read 13 tweets
Joel Valenzuela Profile picture
Jan 14
RANT🚨

One of the absolutely most frustrating things about crypto right now is the lack of merchant tools.

If a business, particularly in the US, particularly physical, asks me "How can I accept crypto?" I honestly don't have a good answer right now. 😩

1/5
First, if you're a physical merchant and you want to integrate into your current point-of-sale system, you're out of luck. Nothing integrates.

Online is much better, lots of Shopify/WooCommerce/etc. plugins, but for US-based businesses many don't work there.

2/5
The old-school workaround was to record transactions as cash/other in merchant software, then use a separate app/phone/tablet to take the crypto.

But I can't find a good app that works! Anypay left the game, CTX is unusable, etc.

I'm now trying DOZENS of solutions myself.

3/5
Read 6 tweets
Joel Valenzuela Profile picture
Dec 14, 2022
The #Bitcoin #LightningNetwork works a lot better than it used to, and most of the time these days payments go through.

But it will ALWAYS have far higher likelihood of failed payments than on-chain cryptos. Maxis who say "I've never had a problem" are likely lying!

🧵time

1/8
Keeping it simple for brevity's sake: on networks without congestion, unless there's some bug or issue in the individual wallet implementation, your transaction will go through almost all the time.

Most common exception in my ~10 years of using crypto is connectivity issues

2/8
With Lightning, your payment can fail if the sender can't connect (just like on-chain), but ADDITIONALLY if:
-the RECIPIENT can't connect
-there's no payment route
-the payment is too large
-someone on the route can't connect or doesn't have enough liquidity

3/8
Read 8 tweets
Joel Valenzuela Profile picture
Nov 3, 2022
I'm a @FreeStateNH mover and libertarian, but I will NOT be voting for @jeremykauffman on Tuesday, or for any @LPNH candidates. The party has turned me from an easy, automatic "yes" voter on some races to "no" across the board, and I'll explain why below 👇

#NHPolitics
1/8
First, let me outline my voting criteria:


Neither A nor B is possible when voting for the LPNH this cycle. No candidate has a realistic chance of winning, and I don't like the message I would be sending with a vote of conscience.

2/8
Don't get me wrong: I like @jeremykauffman personally and respect (even admire) the work he's done with @LBRYcom and helping the @FreeStateNH gain exposure.

If he actually got elected I have no doubt his voting record would be stellar, and would improve liberty.

3/8
Read 8 tweets
Joel Valenzuela Profile picture
Oct 21, 2022
You can solve @Twitter's bot problem with one simple trick! No, this isn't clickbait, it's true. Just one new feature would make this super simple to solve.

Let's dive in. @elonmusk take note! 🤖

1/6
First, you need crypto payments (fiat/dollars are too clunky and need to much verification). Twitter's "add tipping address" feature is a good start.

You just need a way to associate payments with tweets so people can see which post generated the tip. Why? Keep reading!

2/6
THE EASY TRICK:

Let users set a fee to comment on their tweets. That's it. Super simple!

Even at a sub-cent fee, those running bots will go broke spending all that money on extremely low-percentage scam links. They'll just stop doing it.

3/6
Read 7 tweets

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