Ten years ago today, I got delivery of this espresso machine, the Rocket Giotto Evoluzione V2. It is an investment that has produced excellent returns for all this time. To be precise, seven thousand nine hundred fifty-three coffees. #coffeechain pv

700 km car ride today … pocast one - enjoyed „Bitcoin’s Wall’d Garden with Eric Wall“. Diverse, dedicated, expanding. I am more positive on Lightning ⚡️than Eric thinking there will be more wallet choices between non-custodial (WoS) and running your own node (with 100+ channels and 10 BTC liquidity for fast reliable routing) #[0] https://www.whatbitcoindid.com/podcast/bitcoins-walld-garden

pv 🍀

@Damus is a great nostr client under any circumstance but when you are on a slow connection it becomes a life raft.

pv ☀️

pv ☀️

We know computers beat humans at chess and we still are interested in following Magnus et al. (similarly, we have seen Roger, Raphael, Jannik, Carlos and we still play 🎾 ourselves). Meaning: we are not interested in following human tragedy, failure. We admire winners for have been exposed to losing, not for winning.

There is too much stuff on the internet that nobody reads (not just my posts 😂). Perhaps the main purpose of that body of information is to train AI models. What if AI rates all of us and will one day pay us for providing our thoughts to feed the model?

Related to trading (of which I don't know anything) I remember a quote by Seneca that I paraphrase and remember like this: "He is in debt, whether he owes to another man or to good fortune". Stay humble and stack sats.

pv ☀️ I am happy I joined you guys last December and at Nostrica; before the arrival of the trolls, the impersonators, and the engagement farmers. I just noticed (😂) I have become too trusting on here, chatting to impersonators.

TL;DR - I will return to #Bitcoin at the end of the post. I am reading ["The Smartest Guys in the Room"](https://en.wikipedia.org/wiki/The_Smartest_Guys_in_the_Room_(book)) by Bethany McLean and Peter Elkind, first published in 2003. It is exceptionally well written and provides detailed insights into the successes and failures of a mega-corporation. Although the book is twenty years old, it offers valuable guidance for today's the business and political world. One of my key messages is that "being smart" can be seen as "cool" at one time and then quickly flip to being seen as abusive and arrogant. If, for example, you are successfully trading against other professionals and making a sizable profit, that is seen as competent. If you are trading against the public (i.e., a significant part of the population) and making a thousand times more profit, this can become a PR catastrophe. That is why I would never invest in water or oxygen (if that was already a business). You simply cannot say "no" to a customer who needs the product and does not have the funds to pay for it. Therefore, there can never be a genuinely free market. The second key message of the book is that there is no long-term potential in a company that studies and uses the rules, regulations, and laws to game it. The following sentence summarizes that aspect of the book well: "Enron borrowed from the future until there was nothing left to borrow." While, according to the book, the company was transparent about its accounting practices, it was clear (to me) that the goal was not to produce a fair representation of the state of affairs but rather to increase the share price. Over one or two decades, the public's opinion about what is fair, ethical, and moral can change significantly. For long-term endeavors, more is needed than to be legal. To be safe, they also have to be ethically and morally clean. In this respect, #Bitcoin is unique. Its distribution is fair and broad. While it was unavoidable that its founder accumulated a significant stack before other miners started to provide network security, they have never moved those coins. Even if Satoshi Nakamoto appeared and spent some of those coins, the distribution would still be fairer than for any other tokens as I (or anyone else) could have started mining almost immediately after the publication of the software. I am bullish on #Bitcoin.

pv ☀️

Think for yourself, don't be "[...] the plankton for Wall Stree's whales" - Matthew Piepenburg

What is the meaning of a zap for me? Investment? Sometimes. Unconditional support of life: most of the time 🍀🤙🏻