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Hello stackers,
it's my first AMA so please be gentle ... j/k bring it on! :D
I'm a father of two, husband and bitcoin maximalist working on Blink and co-organizing the Adopting Bitcoin conferences in El Salvador, South Africa and Netherlands, and co-founder of Turkey's first Bitcoin-only community yirmibir.org (fork of German einundzwanzig / twentyone.world)
Grew up in Munich / Germany, now living in Istanbul / Turkey. Worked 20 years in marketing / digital advertising aka programmatic surveillance capitalism, wrote my political science thesis on Hacker Ethics, played professional poker from 2006-2009, DJed, bartended, selected at underground clubs during studies. Landed my first bitcoin job in 2021 at the bitcoin software company Galoy. Now that our baby Blink (formerly Bitcoin Beach Wallet) has grown into a force for bottom-up adoption, I switched from Galoy to Blink to continue working on grassroots bitcoin adoption and making bitcoin accessible to all.
In general, I like to make things work in a good way. I like to turn everything into a game that can be played because games are fun and winning is fun, and having fun makes the hardest things easy.
Ok enough for now! I'm curious to hear your questions.
Here's some related links:
this territory is moderated
85 sats \ 1 reply \ @Natalia 9 Jan
Grew up in Munich / Germany, now living in Istanbul / Turkey.
Merhabalar! I'm curious a. why Turkey and b. why istanbul out of Turkey:)
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I'm Turkish, my parents are both Turkish, I have a Turkish passport and I speak Turkish. So I thought it would be great to live in Türkiye for some time and see what it's like.
Istanbul has always fascinated me. I think it's a legendary city and every human should see it once. It was also a great stepping stone to getting out of Europe and into Turkey.
I don't intend to stay in Istanbul longer though: too much traffic, too crowded, too little nature, too much turnover and I don't need to be there. Also Im not a bachelor any more, so my needs have changed. I don't need action as much as I used to.
My favorite thing living in Istanbul has been the constant flow of international bitcoiners visiting. I'm definitely going to miss that.
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20 sats \ 1 reply \ @k00b 9 Jan
What’s the most surprising thing you learned working at Galoy/blink?
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I was a self-custody at all times at all costs for everyone maximalist. Through Blink and by getting to know Blink user base, I learnt that Bitcoin has many more benefits than its "deep use cases" like censorship-resistance, permissionlessness, unconfiscatability which are unique to bitcoin, which led me to write the Bullish Case for Bitcoin Custodians to convey my learnings to the wider community. https://www.swanbitcoin.com/industry/the-bullish-case-for-bitcoin-custodians/
It's useful to have good situational awareness when making decisions and that includes having empathy and understanding for people in circumstances and situations different than your own.
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20 sats \ 3 replies \ @k00b 9 Jan
How do you feel about El Salvador’s adjustment of its stance on bitcoin to get an IMF loan?
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I think the Salvadoran administration is very smart and playing the situation very well. They must have exceptional counsel to navigate the way they do. It's an absolute masterclass in statecraft what they put on.
I'm also quite pleased with the outcome for bitcoin. Nobody should be forced to use bitcoin (de facto never was), so as a bitcoiner I am happy. Bitcoin should be adopted voluntarily and from the bottom-up. It's the only sustainable path.
All the people screeching about El Salvador's move are either idiots or spooks and I am thankful that they felt compelled to come out as such. Thanks boys!
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FWIW I heard from my coffee vendor in El Salvador that the IMF requested that paying taxes in bitcoin should not be allowed. He also mentioned that one of the phone companies stopped accepting BTC over the past couple of days, and that there are concerns in the community that banks might decide to close on and offramps. So sounds like there could still be some gremlins lurking around.
Without being a boots on the ground taxpayer in El Salvador, it's very hard for me to tell whether you can actually pay taxes using BTC there or not.
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It's never been possible to pay taxes with bitcoin in El Salvador!
Some definition pedants say that if you can't pay your taxes with a currency, then that currency is not legal tender - well, in that case, bitcoin was never legal tender in El Salvador... npbody cares!
It seems indeed that Tigo turned off Lightning payments for mobile top up, however it's not clear that its related to IMF deal. I heard rumours they are just switching LN service providers. However, there are indeed big chains in ES that are run by oppositionaries of Bukele that added bitcoin payments to their stores so there would not be any attack surface for ES administration e.g. Super Selectos. They might indeed remove bitcoin as an option, which sucks a bit, but in the long run, it's better this way.
Re:banks Most of the banks are owned by old elites and they indeed dont like bitcoin and try to impede bitcoin adoption by making it very hard for bitcoin companies to open bank accounts. But there are solutions for this in the making. They can block only for so long until they become irrelevant.
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10 sats \ 3 replies \ @efe 9 Jan
Menemen. With or without onion?
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I see Menemen, I eat it. With or without.
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did you try the Menemen from Samsun, it's wild! so delicious.
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Not yet. Didn't know it was a thing. But I'll look out for it!
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10 sats \ 1 reply \ @anon 9 Jan
What's your favourite Yasiin Bey song?
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Thieves in the Night together with Talib Kweli. I learnt it by heart in 2000 when English teacher required class to recite a poem. I still know it by heart to this day and lyrics are still on point.
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Apple or Android?
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I hate walled gardens and closed source software, so Android and it's not even close.
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How have your poker experience helped you in developing Blink? Any aspects of game theory that guided you in your thinking?
Thanks!
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I think playing and thinking about poker constantly has improved my reasoning abilities like few other things and I am applying the things I learnt through poker constantly and everywhere. The biggest learning is that it's often sufficient to constantly "not be stupid" to win big and succeed. Success is often just a concatenation of steps that were not wrong - it's not one super ballsy 5D chess move, but rather continuous sold decision making.
Some things just are straight forward and they should be solved straight forward.
Also: discipline / self-control and patience are virtues that can be directly transferred to "the game of facilitating bitcoin adoption"
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Something that Swan is good at (and I don't stack through them anymore, but I used to), is guiding and educating users on how to "get their sats off the exchange". Both with actual features in-app, but also with educational material likes docs and tutorials.
Do you think there is an opportunity for a lightning wallet in the space (Blink or otherwise) to follow a similar approach for lightning:
  1. Onboard users to fully custodial lightning
  2. Guide/reccommend regular users to move to LSP
  3. Guide/recommend users to move to their own LN node over Tor
Anyway just an idea - seems rightous, probably doesn't make business sense, and I'm not aware of any wallets in the space doing this.
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It's always been a goal of Blink to help Bitcoiners on their journey. Custodial interaction with the bitcoin network is the best starting point for most. But it's only a starting point. Education is one part, and we have it inside Blink with the Earn section, but we'd very much love to be the application that holds the hand of a beginner and guides them to best-practice usage of bitcoin i.e. allow users to develop from custodial user to sovereign user within Blink.
There are ideas for this e.g. here https://hackmd.io/@vindard/BkP8QsQKh or here https://github.com/GaloyMoney/blink-mobile/discussions/2059 but it might take some time to get there as we have to build up dev resources.
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What's the worst ever question you've listened about Bitcoin?
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There are no dumb or bad questions. It may be hard for some to explain basic things over and over again after 16 years, especially if they are the result of willfully implanted misconceptions about bitcoin, it may be frustrating. I would recommend to pick and choose who you take the time to explain bitcoin to. Strategically, I think it's smart to go for the low-hanging fruit, that is people who are already interested to learn. You will often find them among people who have a pressing need for bitcoin because they have been excluded by the trad financial system. The most important thing about bringing bitcoin to a person is that the person wants bitcoin to be brought to them. Don't waste energy trying to make a horse drink that is not thirsty.
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Do you think there would be a demand from high bitcoin net worth individuals, who want a bespoke, purpose built, one off wallet?
One that has never touched app stores, designed just for them, tailored with whichever features they want?
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No. HNWI need self-custody wallets that are open source, properly reviewed and tested with multi-sig (probably MPC with FROST going forward) to avoid single points of failure that are easy and intuitive to use. Having vaults would probably also be desirable for added security.
A bespoke, one-off wallet sounds like sth that is neither open source nor properly reviewed. Smart people wouldn't put their money in sth that is experimental and not properly tested or reviewed. Most OGs probably still use Electrum because it's been around for so long.
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I haven't tried Blink yet, but I'm a big fan of your blog. It's shared a lot on SN. Thanks!
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Great to hear it. I'll pass it on to our contributors.
What do you like most about it?
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I'm a bigger fan of blogs about Bitcoin adoption, but I also like technical stuff about LN and Bitcoin.
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Then we should ramp up the technical posts! Thanks for the feedback :)
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Is Blink expanding to more countries the option to buy BTC in-app ? Wouldn't that will trigger a massive full KYC for its users?
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We are trying to make bitcoin accessible and useful for all. A bitcoin wallet without bitcoin is not very useful so we're looking into improving onramping to Blink and offramping from Blink in as many places as possible. Since Blink is a regulated financial institution, we have to comply with regulations that apply.However, that doesn't translate to "massive full KYC for its users".
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What's your favourite sport other than poker? How do you visualise Bitcoin + Sports? How can sports be helpful in Bitcoin adoption rapidly?
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I like to play Basketball. Been playing for 25 years, even semi-professionally in my early 20s. I think its a great game. I like games. And I don't really like sports. I don't move if there is nobody to compete with. Don't see the point of it.
I have never really thought about combining bitcoin with sports as I don't like sports.
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10 sats \ 2 replies \ @k00b 9 Jan
What’s something you believe about bitcoin few bitcoiners agree with you on?
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Honestly, I don't believe I have an original or unique belief about bitcoin that I haven't heard elaborated by another bitcoiner. I always feel a relief when that happens: "Thank God! I'm not crazy after all! This guy came to the same crazy conclusions like I did!"
I love it when Bitcoiners get a little cosmic when philosophizing bitcoin. If you're one of those that hold themselves back because they're afraid that people will think you're crazy: Please please don't! Just post as anon on stacker news or nostr but share your wild thoughts and theories with others! It's one of the magical things in bitcoin, the intelligence and creativity I found on forums that gave me the confidence that we'll succeed with this herculean task of overthrowing this devilish fiat scheme of enslavement: ingenuity, creativity and honesty.
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There was some luck involved in the first few months of the network going live where things could have gone bad.
10 sats \ 1 reply \ @k00b 9 Jan
Who is the smartest person you’ve ever met?
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Saifedean Ammous or Andreas Antonopoulos
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I'm a mega Nostr bull. What are your thoughts on that as a tool to advance bottom-up Bitcoin adoption, as you say is one of your biggest goals?
I've had amazing luck getting people orange-pilled by bringing the purple pill first, curious of your thoughts on that
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I think Nostr is a bitcoin circular economy in bitcoin's natural habitat: the internet. Pushing bitcoin adoption through communities on the web scales much better than in meatspace. Geography doesn't matter, and people with similar views and ideas can connect and economize with each other irrespective of where they are.
Another good fit is that bitcoiners tend to be creative and creators, which is a requirement for a bitcoin circular economy
And nostr is bottom-up by design so I like that a lot. I think it's going to grow and get better in waves. I should do a deep-dive into it again. It's been some time since I've had a look into what is going besides social media.
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Why does your service require a phone number to sign up? And, very honestly, if the authorities request user data, will you provide it? In almost every country, a phone number is linked to a national identity. Please answer this question honestly, if I find it convincing, I’ll start using your wallet right away.
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Two reasons:
  1. accessibility
  2. compliance
if the authorities request user data, will you provide it? yes, Blink is a regulated financial institution and if Salvadoran authorities make a valid request, then Blink will share information with the authorities, and has done so in the past. Blink also must submit SARs (Suspicious Activitiy Reports).
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I've heard Turkey is an underrated place to travel and it's fairly cheap - what do you think?
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It's one of the best places to travel, but unfortunately the days of cheap are over as prices have gone up massively. Turkish Lira Inflation has always been a thing, but since 2020 prices have been going up on a dollar basis unfortunately.
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In your mind, what sets Adopting BTC apart from all other Bitcoin conferences?
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Adopting Bitcoin's only goal is to put up a good and proper bitcoin conference. And since it is a not-for-profit conference, it has the right incentives. Everything starts there.
The organizing team is not trying to set the agenda, just stewarding the community by organizing what's necessary so we can get together to meet and talk about whatever the community thinks is important.
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What’s the biggest challenge with adoption that you see? How can we help!
Thanks for sharing your story! I’m also a father of two and have become a Bitcoin maxi!
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