Oddbean new post about | logout

Notes by sid | export

 UNPOPULAR OPINION: DIVERSIFICATION OFTEN MEANS SELLING THE WINNERS TO BUY THE LOSERS.

You can’t diversify away from Apple by buying HP and Dell, or from Amazon by buying Walmart and Macy’s. Similarly, you can’t shift from NVIDIA to Intel.

Dominant digital network will outpace everything else. 
 The same people who say Bitcoin is too expensive are willing to buy real estate at the top year after year. 
 It’s that simple.
https://m.primal.net/MBBV.jpg 
 Crazy Capitalist vs Organized Socialist
	           Bitcoin vs Fiat
	Free Speech vs Restricted Speech
	Free Markets vs Controlled Markets
	24/7/365         vs 9-4
Republican/Libertarian vs Democrat 
 Objective truths are hard to face; a person who relies on lies struggles to look at themselves in the mirror.

FIAT is a Lie. Discover Bitcoin neo. 
 The reason currency rules today is that most alternative assets are disorganized and lack structure. However, if the day comes when these asset classes become highly organized and extremely liquid, currency as we know it may no longer hold the same power.

I am talking about Bitcoin idiot. 
 All the smart money in the world is in bitcoin and all that dumb moneyis in real estate.

Smart people are migrating from real estate to bitcoin. 
 Control  Vs  Freedom
Banks  Vs  Bitcoin 
 Here are the five stages people go through when accepting Bitcoin:

1. Denier: Believes Bitcoin is a scam, a pyramid scheme, or doesn't exist.

2. Skeptic: Acknowledges Bitcoin may be beneficial but thinks it's too good to be true and fears government bans.

3. Trader: Starts buying and selling Bitcoin without strong opinions; buys if they expect the price to rise and sells if they think it will fall.

4. Investor: Views Bitcoin as a valuable technology, akin to Google or utilities like water and electricity, seeing it as the future and a good investment.

5. Advocate for Economic Empowerment: Recognizes Bitcoin as a tool for economic empowerment.

 @saylor 
 When someone has recorded thousands of hours of podcasts, it’s easy for a short clip to misrepresent their views or for them to occasionally use the wrong words. But I clearly remember him repeating the message “think for yourself” countless times. His opinions are his own, and he always encourages others to form their own thoughts, which I really respect. He’s introduced more people to this space than anyone else over the past 15 years, and today he speaks the language of institutional money. While he focused on retail investors for the last few years, now he’s shifting to bring big money into the space, and big money trusts big banks. That’s fine—just remember to hold your own keys. Some people will trust the banks, and that’s their choice, but you don’t have to. 
 lol no 😂 
 The idolization of Michael Saylor by bitcoiners is one of the grossest cases of hero worship I've... 
 On the positive side, he has educated many people and helped them get started in this space. 
 When someone has thousands of podcast hours, a short clip can easily misrepresent them. But I’ve heard him say “think for yourself” over and over. His opinions are his own, and I respect him for introducing more people to this space than anyone in the last 15 years. He’s now focused on bringing big money in, and while big money trusts banks, remember to hold your own keys. Let others do what they want, but you don’t have to follow. 
 Bitcoin is clean capital asset. 
 If you’re a curious person, focus on seeking the right questions rather than answers. Answers are easy to find, but asking the right questions is what truly matters. It’s not just about finding answers but about understanding which questions to ask or listen to. The right questions lead to more questions, and that process brings you closer to the truth.

Ultimately, the pursuit of truth is the answer, properly understood. 
 Bitcoin is stable measure of value. 

There is nothing like it. We’re living in a new world 🌎. 
 Bitcoin is the universal merger partner. 
 Some people believe Bitcoin will drop by 70% from its current value, focusing on the standard price chart rather than the logarithmic chart. 
 Participating in the Bitcoin network is a form of free association. 
 Bitcoin is more than a financial tool—it's a political movement designed to free individuals from government monopolies over money. 
 Bitcoin implicates the First Amendment. As a system for collecting and communicating information ranging from payment data to art, bitcoin is speech. As a statement of protest against the government’s monopoly over money, bitcoin is expressive conduct. And as a collection of individuals that share bitcoin’s hard-coded principles of individual liberty, anti-censorship, and anti-debasement, bitcoin is an expressive association. 

- Ross Stevens (NYDIG) 
 Bitcoin is free speech protected by the First Amendment and therefore regulating bitcoin has clear constitutional implications. 
 Participating in the Bitcoin network is a form of free association.

Bitcoin is protected by the First Amendment as both speech and an expressive association. 
 Since the dawn of humanity, politics has always existed, and governments have often sought to keep people disorganized. They resist any form of unified structure. Bitcoin, however, represents the largest form of organized thought, with its community united in a shared space of ideas. It’s challenging the political order by enforcing its own rules. Politicians cannot break Bitcoiners, as they are aligned with truth—and once truth is awakened, it cannot be distorted.

@Dr. Jeff 
@e86f1fb1 
 We are at the start of an infinite progression of knowledge and explanations that can transform our understanding of the Bitcoin.

- David Deutsch in 'The Beginning of Infinity'

 @preston
 @jack
 @LynAlden
 @walker
 @ODELL
 @Dr. Jeff 
 TCP/IP is an internet protocol.
HTTP is a web browsing protocol.
SMTP is an email protocol.
FTP is a file transfer protocol.
VoIP is a voiceover protocol.

And Bitcoin? It’s a monetary protocol. 
 Maxwell gave us electricity 
Newton gave us Newtonian physics
Einstein gave us relativity 

Satoshi gave us Money. 
 baby teeth 😍  
 Bitcoin is definitely worth studying and focusing on — it's a new paradigm. Just as we study physics, anatomy, or the laws of thermodynamics, the Law of proof of work (in implementation) will be studied for decades. It redefines trust, security, and value transfer forever.  
 https://m.primal.net/Kpma.png 
The logical next layer could very well be Bitcoin. 
 Father of Physics: Isaac Newton
Father of Chemistry: Antoine Lavoisier
Father of Economics: Satoshi Nakamoto 

@Dr. Jeff 
@preston 
 There are only a few things in life truly worth focusing on, and Bitcoin is one of them. The time is here, and the moment is now. 
 The future lies in digital power, and Bitcoin is a key part of that. It's definitely worth considering it consistently. 
 If you don’t buy Bitcoin in the next 2-4 years or embrace the digital transformation happening now, don’t worry—your kids and grandkids will have 30 years to work for the same trophy asset you can buy today with just 3 months of salary. 
 Streaming sats is still a wild (and wildly underappreciated) thing. It's so fucking cool to see s... 
 There you go 🫡 
 No to iPhone 📵
Yes to Bitcoin 👊
https://m.primal.net/KmCO.png 
 e2ee private communities. 

that’s what brings people to nostr. 

bet. 
 What is e2ee ? 
 Bringing children into the world and raising them is a form of philanthropy. 
 Everyone, I mean everyone is going to regret the current Bitcoin price by 2025 and 2026. 
 Next 15 years:

AI  
Bitcoin  
Nostr  

What else am I missing in terms of big directions?

@Dr. Jeff 
 You don’t truly experience all the emotions until you’ve completed a full cycle with Bitcoin. Do it twice, and you become a pro.

Your journey with Bitcoin will help you become a better person because it teaches you to stay in Zen mode 🧘 and filters out a lot of the noise. 
 THEY NOT LIKE US 
THEY NOT LIKE US 
https://m.primal.net/KhcD.jpg 
 Is there a website that lists all the Bitcoin businesses in one place? 

That would be incredibly helpful. 
 Clearly, those who prioritize freedom will be early adopters of #Nostr. 

Those who don’t will ... 
 Dr Jeff dropping 💣 
 Free will @jack 
 The urge for freedom is 🔥 
 "In our desire for abundance, we’ve vilified scarcity — and in the process eroded our notion ... 
 Humanity maligned VALUE. 
 Let that sink in !! 
https://m.primal.net/KQYx.jpg 
 The momentum of the light is building. Keep pushing. 
 Keep hodling 
 Bitcoin is energy money 💰 
 If we assume that the principles of energy, frequency, and vibration are ideal measures of a system’s effectiveness, Bitcoin emerges as the superior, more balanced and resilient system. 
 Great meetup today! 
Thank you to everyone who showed up! 
 Thanks for organizing. 
 Millennials and Gen Z are growing up in a world that’s drastically different from previous generations. They’ve been born into a digital economy, surrounded by chaos, uncertainty, and government inefficiency. Many of them struggle to find full-time jobs, and they don’t see traditional assets like homes as the primary way to build wealth, unlike the Boomers.

Instead, they’re focused on a different game—one that’s less reliant on government and more aligned with the digitized economy. Trust in government is low, and there’s a strong desire for alternatives outside government control.

Within these generations, a minority may turn towards victimhood or identify with LGBTQ+ cultures, which has its visible impact. But the majority are simply viewing the world through a new lens, seeking new ways to navigate life. Boomers who fail to recognize this shift may become irrelevant, while those who are curious and open-minded might adapt and stay connected with the changing times.

#Bitcoin 
 Bitcoin’s performance is considered the benchmark or cost of capital for evaluating investments. 🫡

nostr:note1t8w8vwegtj3ec9qsprw2ccfvuckc9p7y47fzd70e954w8cat5aaswlmvqj 
 Fix the money, Fix the world.
https://m.primal.net/KDqA.jpg 
 It's wild to think that the average person's entire net worth is mostly comprised of rotting lumber and drywall, government bonds, and stock in just a handful of big tech companies. 
 Fuck nuts lol 😂 
 Stages of #Bitcoin
https://m.primal.net/JRvO.jpg 
 The difference between a $20k car and a $90k car is equivalent to one entire #bitcoin. 
 Trump on crypto !! 
 Paying attention anon ?? 
#Bitcoin
https://m.primal.net/IDbB.jpg 
 Bitcoin is where the sophisticated money is at these days, attracting those in the know. Meanwhile, the unsophisticated investments flow towards real estate, apartments, and the excess of unnecessary houses. 
 Every Single Time !! 
https://m.primal.net/ICYk.jpg 
 fucking GOAT 🐐 
 Integrity 🫡