Moved on to other stuff (...and notes)
#npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc
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Dec 19, 2022 • 14 tweets • 8 min read
It's hard to guard your time and attention when it is used as a defacto currency online. Using attention as a surrogate currency has led to all kinds of problems.
The root problem lies in the nature of coin, credit, circulation, and information. 🧵👇
Platforms harvest eyeballs and brain cycles to sell them to the highest bidder. The core of the advertisement model is combining addiction with surveillance, which destroys nuance and privacy alike.
Crypto bros are worse than nocoiners. It's more honest and smarter to say "everything is a scam," even if it includes bitcoin.
Why should you trust magic internet money? It's all just made up funny money, right?
The internet never had a native currency, so it had to use a surrogate: attention.
Due to the lack of a digital native money, we had to use credit (IOUs) to send money electronically. Fraud & chargebacks made micropayments impossible.
Nov 23, 2022 • 4 tweets • 1 min read
Someone made a table comparing the percentage drawdowns of all cycles, showing that they declined over time (which is also visible in this graph).
Apologies for crowd-sourcing all this, but I have to get this done in the next ~15 minutes and I don't trust myself looking it all up as I'm way too sleep-deprived 😅
Humbled by the generosity of the #Bitcoin community. Thank you for all the #V4V, not only in terms of sats, but also in terms of remixes and translations.
Time, talent, and treasure. 🙏🧡
My most recent piece was already translated multiple times, links below:
Nov 20, 2022 • 10 tweets • 5 min read
Dear Crypto & Fiat Bros,
you're probably not going to believe this, but I was you once.
I thought that #Bitcoin was stupid.
I thought that "crypto" was the future.
I was wrong.
Here is what changed my mind:
I didn't understand what Bitcoin was or why it was important, because I didn't understand what money was or why it was important.
If you just woke up from a coma and have no idea what's going on, here is the tl;dr
Nov 16, 2022 • 5 tweets • 1 min read
The whole narrative that "self-custody is hard" is bullshit. It's NEW and ALIEN, but it's not complicated. It's also not hard to do.
You write down 12 words. You keep them safe. You make a backup or two. That's it.
Nov 13, 2022 • 8 tweets • 4 min read
It's easy to dismiss the #Bitcoin mantras as just memes:
• Stay humble, stack sats
• Not your keys, not your bitcoin
• There is no second best
Let's unpack them one by one:
Stay humble: don't trade, don't use leverage, don't over-extend yourself.
Stack sats: provide value, spend less than you make, save in bitcoin.
Times like these are learning opportunities. Wipe away your tears, take a deep breath, and repeat after me: "I will stay humble. I will not use yield. I will hold my own keys."
If all you did up to now was click buttons on exchanges, it's time to build a solid base and understand the difference between bitcoin and "cRyPtO," as well as fiat shitcoins.
Nobody is beyond redemption.
Bitcoin is for anybody.
Bitcoin is hope.
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