Bitcoin jobs are more volatile than Bitcoin.

Hell hath no fury like a VC scorned.

Unpopular opinion: In 3 weeks, it'll be clear this was the fairly common bear market head fake.

AI needs constant investment to improve. Bitcoin improves as more people put their wealth in it.

I thank God every day that I'm a Christian and a Bitcoiner.

Insurance may or may not be prudent, depending on how well capitalized you believe the insurance company to be. Forcing people into an insurance agreement is tyranny, and backing it with fiat money is subsidizing a giant rent-seeking class, that is, straight up mafia tactics.

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Bitcoin Tech Talk #514

Interesting Stuff

Parting with something scarce should hurt. That puts the brakes on consumption.

Bear markets are like discipline. Hurts while you're in the middle of it, but pays off in the long run.

Fiat money turned real estate into a consumption good, where most people just live in it. A bit ironic since most people treat it as an investment, but most real estate doesn't generate any cash flow and degrades over time.

Forks change the dynamic in such unpredictable ways

We would know so much more if we had prices. Economically, prices are critical information.

Funny how the BIP110 PoW selection is running into the non-corrupt entropy problem that we all saw with ColdCard.

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Bitcoin Tech Talk #513

Interesting Stuff

What I learned from yesterday is that game theory doesn't work without prices to help all the actors assess the risk.

Bitcoin is being hit with third order effects of being able to scale developers

Once we have self sovereign AI maybe self custody can be for normies

Bitcoin software should have: open source code Reproducible builds Security bounties A warrant canary What else?

In retrospect, there were a multitude of failures at many different levels. I never took any sponsorship money, but I did say good things about ColdCard. For that I'm sorry.

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Bitcoin Tech Talk #512

Interesting Stuff