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
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!
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
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 👇
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
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.
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