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15 sats \ 0 replies \ @bitdern 3 Feb 2024 \ on: Quit my job: what should I start learning now? Education
Sales, Marketing, Communication (writing, speaking, storytelling), and Psychology.
All of that is evergreen, and useful across whatever you decide to do going forward.
The Bonfire of the Vanities by ol' Tom Wolfe
Not reading it currently, it's one of my favorites. Super windy road, but a really fun read!
for anyone coming across this poast that has not read True Names yet: absolutely buy this book IMMEDIATELY.
very very fun read, you can crush it in a morning or two.
10 sats \ 1 reply \ @bitdern OP 30 Jan 2024 \ parent \ on: Favorite Nostr Client & Wallet Combos??? nostr
I gotta play around with Zeus more!! Was never really an (LN) node runner, but I know they've made it easier to get started with their in-house LSP
Thank you for the shout out @grayruby!
One of the greatest goals ever scored...
Glad you liked the fight, and thanks for saying so on the analysis too!
I’d love to do a weekly post! My thought is to do recent fights (mostly) but occasionally I’ll do a throwback.
i use nostr a lot more (Primal, Nostur and Damus) i enjoy the vibe, and the echo chamber tbh. best part about twottr anyways
also much more active on SN lately, not for professional stuff, just friggin #poasting
I think it's likely because of all the jargon in combination with a decades-long propaganda campaign that finance/money is really difficult to understand.
also most people don't wanna do the legwork that you have done, analogies that normies can understand might work, but it could also just be a "slow boil the frogs" kinda deal
Soft/covert QE! They’re doing something similar with the BTFP program, except this time, buying underwater assets at par value only 🤪🤘🙄
It’s very dream-like: relatively less-developed island in Hawaii with incredible beaches, jungles, coral reefs in the shallows — everything you might expect!
People take their time there. Not rushing around for any particular reason.
The farmers markets are the main attraction IMO, so many things I’d never even seen before, and the best versions of what I was familiar with. Magical soil.
what happens when another bear cycle hits, 80+ % drawdown from next ATH, and all the suits look to liquidate?
will the ETF issuers actually be able to process all the redemptions? what if they don’t have the requisite amount of spot bitcoin? dislocation in ETF price vs spot would be catastrophic for the suits.
my base case is that the ETF providers will inevitably play rehypothecation games and get blown out massively. wouldn’t be great for normie perception, but everyone’s gotta touch the stove i suppose…
I'll address the questions in the order that I think will be easiest to understand:
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by "western" bitcoiners, I mean folks from the USA, Canada, UK, most of EU etc. like a geopolitical "west", NATO-sympathetic countries, if you will. the difference is that western bitcoiners don't need bitcoin as a monetary system, it is moreso an investment vehicle (store-of-value) at this point in time.
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I am actually not making the claim that eastern daily bitcoin usage is greater than western usage -- my assertion is that, in order for western perception of bitcoin to transition from store-of-value into medium-of-exchange (and thus increase bitcoin's utility as money), we need to develop frictionless ways to use bitcoin that are OBVIOUSLY better (to normies, not us) than the incumbent system.
1 & 4. in regards your original question "what are the challenges of spending sats daily" my mind immediately went to all the issues in using lightning on a daily basis. for the specific UX issues, I wrote this article for River a few months back - most of the issues I wrote about have not yet been solved.
- I agree and disagree with this point.
Where I disagree: If you create a seamless experience that surpasses a fiat-based experience, you really wouldn't need to educate users. They will simply use the product or service that is most convenient and cost-effective.
Where I agree (with caveat): education is important, but it absolutely needs to be contextually relevant to the subset of users you are trying to educate. Not everyone cares about the same things that hardcore bitcoiners do.