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Phundamentals
ph@nostrplebs.com
npub12eml...y99g
Author: Bitcoin for Institutions https://zeuspay.com/btc-for-institutions Co-Host of Rock-Paper-Bitcoin, Motivating the Math, Sound Coffee, and Back on the Chain podcasts Study math, be sovereign
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Phundamentals 2 years ago
There will exist a Bitcoin University. My admission standard would be to show ownership of 10% of the prior epoch block reward as held Bitcoin. Sign the UTXOs and you’re in. No academic pursuit can ever exist unless the student is in total control of his time.
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Phundamentals 2 years ago
Time preference and mathematics: Human beings think they suck at math but it turns out that they are too high time preference to see through the tedium of it. Math is NOT complicated. It’s tedious. Math is about generalizing to any system. Doing this with simple addition is very tedious so we only teach our society how to do it in ONE BASE (base 10) and even that is too tedious for people. They scream - What am I ever going to use this for? And their high time preference tells them: NOTHING This is why the successful math students in the world tend to come from privilege - it’s not because they paid for better teachers - rich kids with high time preference don’t learn math no matter how good the teacher is. But some kids have a time preference low enough to see value in going deep and will spend their time ensuring the ruthless tediousness that mathematics entails. It’s not about intelligence. It’s about time preference. Bitcoin will bring a renaissance of mathematics once we lower the time preference of children and the adults who choose their education.
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Phundamentals 2 years ago
tldr on Blackrock from RockPaperBitcoin Blackrock is a liability driven investor who : 1) doesn’t want to be bailed out ever again; 2) hates bonds with a passionate vitriol 3) understands btc enough to use it as the risk-free asset for portfolio construction 4) sees the ETF as a way to hedge the upshock risk that bit them last September. Implication is that they’re not necessarily in it for NGU - but they’re using it for existential purposes and will likely see it through. Will start to create enhanced SPX etfs sprinkling in the btc ETF - then will move as far as they can towards 100%
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Phundamentals 2 years ago
I’m reclaiming the saying “laying an egg” to be positive and life-giving. Only in the dystopian Malthusian hell do we consider laying an egg to be embarrassing and shameful. Go forth and lay eggs!!!
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Phundamentals 2 years ago
Choose your difficulty adjustment. Bitcoin or A few weak men acting in service of a corrupt state with a monopoly on violence