If my writings don't put you to sleep, Avi's soothing voice and the gentle background music will do the trick! View quoted note →

Bitcoin has outlasted every attempt to destroy it because there is no action available to any adversary that stops the network. China banned mining, blocks continued to be produced and the hashrate recovered in six months. The architecture makes enforcement not impossible but futile. View article →

John Boyd's OODA loop taught fighter pilots that tempo wins fights. But the deepest insight isn't cycling faster; it's blinding your enemy so they can't cycle at all. Privacy through encryption does exactly this, inverting normal attack/defense economics. When defense costs pennies and attack costs millions, the adversary can't afford targeting you. View article →

Hodling bitcoin is not low time preference. Only lending or investment expresses time preference; a hoard is liquidity for consumption. New post on what time preference actually is, why wealth causes lower time preference rather than the reverse, and how the term has been inverted in popular usage. View article →

The internet runs on rough consensus and running code, not legislative decree. Medieval Iceland operated for three centuries without a king. The Law Merchant governed cross-border commerce across Europe through voluntary adoption and merchant courts. What these systems share is a radically different relationship between individuals and rules: jurisdiction follows relationships rather than territory, and exit remains possible. New post explores how networked societies might finally escape the monolithic legal model that serves nobody well. View article →

Crowdfunding promised to democratize capital. ICOs promised to decentralize it. Both failed investors in the same fundamental way: once you send money, you lose control. @Angor rewrites this contract using Bitcoin timelocks and Nostr, letting investors recover unspent funds at any stage. The exit option changes everything. View article →

Nothing tests your stoic resolve than an accidental rm -rf