Comedy comes in all shapes & sizes 😂

I would be intrigued if you think nostr is any different to status quo social platforms?

Had a good crack at Twitter, growing to 8k or so on my personal account

Along the way I did a bunch of those courses

Never felt I truly had a “formula” per say


So precisely the reason I see a strength, is actually the downfall

Interesting

Ie you would much prefer a data breech with email / password logins for many websites lost

Vs someone getting your single key pair

Makes sense


Unbelievably bullish on #Bitcoin content creators

Many millions of people are yet to be onboarded

All of them will need to learn from someone somewhere

It’s why I always encourage people to start podcasting


Modern tax has got so out of control we don’t even notice how egregious it is:

- earn
- buy
- sell
- invest
- die

The government wants its cut in the way through, then has the audacity to print money

One needs to wise up fast to this monster of a scam, before we get gobbled up by it

When they talk about seperating money from state, it’s profound, & not to be dismissed

It will force the state to be more accountable, the free market actually working

This is not something to be afraid of, but a natural correction, spawned from necessity


Imagine an internet experience with just one Nostr login & no need for a password manager…?!

All those websites that ask for an email, password, & login details to use the service

The most annoying are the one-time signup for things like a rental car

Then you change your email & they don’t know who you are when you message them

So painful. It’s hard as we’re so so early, but the potential for public/private key pairs is huge


So cool to think how many more people your content can touch by translating into other languages

💪🏻


“Show me the incentive & I’ll show you the outcome”

Love this


I am starting to look at alcohol through an investment lens more & more

It’s ROI is getting worse & worse as time goes on due to my poor mood after it

Productivity, happiness, & energy levels are all zapped so badly after boozing

In 2024 I’ve drunk under 10 times, which is a huge change for me, & something I will continue

I feel so much more creative, proactive, & fearless without it every week


Just signed an MOU to start a Bitcoin business

Very exciting!

Now the real work begins: shareholder agreement


Will pop on the “to read” list


Understanding the world through the lens you identify is so helpful

Changed my life frankly

Over time I’ve moved from being very frustrated, sad, & hopeless

To happier, excited, & hopeful


The more you reinforce a system based on theft, the more it steals from you, divides you, and then controls you.

From that system, war is inevitable because it is a requirement that you believe it is someone else’s fault to retain its power over you.

With the chaos from the existing system bound to expand over the next number of years, it will be easy to get pulled back in.

The more you reinforce a system based on truth, the faster the world changes to hope and abundance. We are early, but our actions matter more than we realize. Every node (we) matters.

Keep the higher ground, and help others see it.

#Bitcoin
#Nostr
And soon….#Fedi


Said even more simply:

- money in?
- money out?
- cash balance?
- money owing?
- money owed?

nostr:note1w84egyxedg9hy9frs0mzz0gh53nc96rdp7uvx7wpyrqdpdy3gpfqyyx62s


5 simple questions to snapshot the health of a business:

- how much money did you make this month?
- how much money did you spend this month?
- what is the current cash balance of the business?
- how much money do you owe people?
- how much money are you owed by people?

💪🏻


If you haven’t had any financial education, then how can you be a capitalist?


What if the school system was not about raising happy & healthy children

But more for the commercial interests of our status quo money printing fuelled oligopoly

Teachers are often good people. But what if they are really propaganda pushing robots?


Shitcoiners take such offence to being called shitcoiners. Why?

Deep down they know that their altcoin project needs #Bitcoin

Building on a digital & decentralised hard money is key

Was sent this article by a close family member questioning me

I bothered to read the whole thing & commented

What a surprise the author took offence…

https://open.substack.com/pub/brettscott/p/the-crypto-credit-alliance?r=4qy1k&utm_medium=ios

https://m.primal.net/HuvN.png


Christmas will never be quite the same again…


The rise in prices of assets is not reflective of an increase of value

But actually proof that the denominator is disintegrating

Aud, Eur, Gbp, Rmb, Usd etc… are all losing their purchasing power

Indeed it’s roughly the same amount gold today

As it was in Ancient Rome for a quality men’s suit


When I see bonds in a portfolio it immediately irritates me

“Risk-free-return” is so so wrong, yet advisers still push it

Inflation rates are so much higher than a bond yield

That investors are guaranteed to lose purchasing power


Take control of your money, take control of your life


If you control the money, you control the people


Deep down the rabbit hole of “home-schooling” having become a father

The best insight is a simple question: what does the ideal 25 year old actually look like?

I’ve yet to come to a clear picture of that, but no doubt conventional school is struggling to keep up

I am a big believer in the internet as a re-distribution of power to make better individual choices


The communist manifesto promotes a central bank as critical

Meaning at the centre of our supposed “free markets”

Is an institution embedded in anti-capitalist purpose


What comes first:

- money printing?

Or

- war?

Heavy implications either way


Marxism = abolition of private property

Most of the left leaning people I know have no idea what this means

Whilst they are very happy with all the things they’ve accumulated in their life

Not bad people. But sadly totally lead astray by a rhetoric that doesn’t make sense


If you’re hoping the government is going to save you, you’re in for a rough ride


Love this sentiment from engineers

Really important that there is another avenue to commercial success


Learnt this week that if a private company does a buyback of shares from an equity owner

The money received is considered income rather than a capital gain for tax purposes

This is specific to a deal I am doing in the UK & was quite a surprise at the final moment

I decided to change my re-allocation as a result…


‘I love private property, and let me tell you something, if you care about your fucking country, read Ludwig Von Mises and the 6 lessons of the Austrian Economic School, motherfuckers!’ - Renato Moicano

HOLY FUU THIS DUDE IS BASED AF

#UFC300 https://v.nostr.build/WGgYL.mp4


Lad alert


Need to research this: can you buy MSTR to hold long-term for both capital growth & yield?

The growth of course comes from the value appreciation of the 200k BTC on the balance sheet

Whilst the yield would come from dividends the company throws off each year

Might be a better yield play vs loaning out BTC in the retail market…?


Zuck has 61% voting rights at META so could in theory go after #Bitcoin

But if he did, unless he could do it under-cover, the price will blow out massively

So at this stage it looks very unlikely likely that anyone can stack like MSTR


Great idea


Is what we’re seeing at MSTR the biggest move in the history of finance?

It could easily be something for the history books in years to come

The best part: we can leverage the public information to make our own decisions


The moment you’re trying to be too smart about an investment

Is the moment that you’re likely setup to fail

Keep it simple, which is all it needs to be, & watch it fly


If #Bitcoin is your investment hurdle rate, what actually makes sense to buy?


Why won’t MSTR evolve into being a bank?

With 200k BTC on their balance sheet today

In a decade from now I can see huge demand to borrow

We under-estimate the value of “pristine collateral”


Hunch: by 2034 99% of #Bitcoin will have been minded, meaning volatility of the asset will greatly reduce


Watching the future base layer of a digital financial system come to life is not to be taken lightly

#Bitcoin is a once-in-a-lifetime innovation that by definition cannot happen again

The discovery of digital scarcity is what will fuel abundance in all areas of life


The price of publicly traded assets is “set at the margin”

Ie there is only a handful of people exchanging at that price

Nowhere is this better shown than #Bitcoin

Illiquid supply identifies a huge %age has not moved

Once the sellers at these prices get exhausted…

You can make a very good bet that price will rise


Thanks!


The complex math equation miners do:

Is this the right number?
Is this the right number?
Is this the right number?
Is this the right number?
Is this the right number?
Is this the right number?


Same thing for many of us! Love it

It reminds me of my life “managing wealth” before #Bitcoin

Finding a savings technology one can trust is way better than “investing”


Thanks! I am trialling a new approach to content creation & Nostr

Having been a heavy twitter user for many years, I've dipped the toe here

But it's time to amp it up


Yeah it's been a long time! Keep in mind that when I first bought it was a very very small allocation, most of which I sold over 2016 and 2017

It was only in 2020 that I began to see #Bitcoin as a genuine wealth management tool. You could call me a "Saylorite" in that sense...

After which my portfolio has totally changed


Depends on the type of startup... What are the main cashflow requirements? Do you need fiat cash to pay people? Or are you working on a BTC standard already?

I am working on a new business opportunity right now that will request payment for services in BTC first and foremost

In this case BTC as the treasury is the default position, and there is no need to exchange fiat for BTC

If I was a fiat standard startup I would be tempted to allocate a portion of the treasury. Though I would imagine large push-back


There is no single best way to value a company

Tons of different metrics are at your disposal

Which tells you all you really need to know

Saving & investing are not synonymous

Hence #Bitcoin as a form of money is so transformational


A decentralised group of people united by a timechain


Understanding how many #Bitcoin per share a company has is a new lens

Its going to be one of the key valuation techniques going forward

Whilst watch how equity prices fluctuate when holding large stacks


Good luck! Going to smash it I am sure


In startup land we would talk about “smart money” being preferred

Ie people that had not just capital, but a relevant network, & well aligned experience

Everyday #Bitcoin is hoovering up capital just like this helping all of us benefit


#Bitcoin is a 10x on gold due to its ability to transfer value across time & space

10x the 16$ trillion gold market is one hell of a ride for here… but totally plausible


Pssst: the stock markets can halt trading

Reminder: counter-party risk is under-valued


I would happily. Any preferred resource you can send me to?


MSTR equity performance is a big deal

How many companies out there are jealous?

My bet: many

Interestingly, they’re mostly tied up in their own governance

So even if they wanted to they can’t


Holding #Bitcoin over the last 9 years taught me so many things

My 2 favourite from an investment perspective:

- liquidity is an under-valued superpower
- volatility in the short-term is not that scary


Game theory is a massive part of why #Bitcoin is valuable

Don’t understand how or why that is the case?

Get studying. It’s the psychological armour I love


Ones orange pilling process evolves over time

Very much a case of trial & error to see what sticks

Everyone you talk to is different. Cab driver. Rancher. Barber

The slow burn info feed combined with a noticeable freedom is compelling


If you haven’t studied #Bitcoin then you don’t understand the current counter-party risk your investment portfolio is saddled with

Sounds simple. Takes years to learn.


If you're trying to replicate bitcoin's network effects, then you haven't understood the problem it has already solved.
 - nostr:npub14hn6p34vegy4ckeklz8jq93mendym9asw8z2ej87x2wuwf8werasc6a32x

#BitcoinTwitter
https://bitcointwitter.web.app/images/v3/610.png


Going through the process of selling an private equity investment that has been owned in a UK trust since a death

The level of illiquidity is like nothing I have ever know before. I’ve had to ask permission to sell at multiple steps

Now I am being told that there are a series of unforeseen tax implications in order to get some of the capital out

Once again the beauty of #Bitcoin as a store-of-value technology is being hammered home by the status quo

The mad thing: there is a ridiculous amount of capital tied up in similar structures that is yet to re-allocate


Constant iteration

Probs not a bad thing!


Going to need it!


The riskiest allocation to #Bitcoin is 0%


Most fund managers are in breech of their fiduciary duty by not allocating to #Bitcoin

At some point they will recognise this & the swing the other way will be monster bullish


#Bitcoin is slowly but surely hoovering up the monetary premium seen in all asset classes

Not an easy concept to grasp at the outset & just one of the many obstacle en route to conviction


100k usd per #Bitcoin is the most important psychological level of any asset I’ve ever looked at

Once we break that the in-flow of capital chasing the market will be absolutely huge

How high does it go? There is no top with this thing. Quite something to consider


100 eps 👏👏👏


Looks great!


Make a good pillow?


As a non-technical person I always love to hear insights like this


That your doing nostr:npub1prya33fnqerq0fljwjtp77ehtu7jlsjt5ydhwveuwmqdsdm6k8esk42xcv 😂


Beautiful!


It seems to me the key ingredients for a successful podcast are a) consistency b) time

Or said another way: discipline

Crunching out conversation after conversation is harder work than it might seem

Working up the courage to start


How has this manifested itself in your life lately?


Congrats on making it to 100!


No rush. There will be another time! I was wrapped up with MC duties & didn’t get out to the back area until late

🙏🏻


Amen to that. As your conviction grows, so does your allocation

A cool counter to that is the way one’s one’s stress levels drop as well


Many people in the traditional finance world still consider #Bitcoin “too risky”

Both from a career risk & financial risk perspective

This is the opportunity the average man on the street is still able to front-run


Anyone managing an investment portfolio needs #Bitcoin

Many just haven’t realised this yet…

The question is: when does information spread evenly?


Thanks guys.

Had a look at it in the past, but couldn’t signup as a paid customer

So dropped it

Will take another look


Good to see the wizard here?

Intrigued: Why don’t you use it more?

Transferring one’s attention across from Twitter is easier said than done


Always appreciate Marks insights


Zaps are likes on steroids


You were probably hanging out with Dan in secret


What’s the best content scheduler people have used on Nostr?


Creating products &/or services that you can sell for #Bitcoin are great equity investment as a result


Building a business on #Bitcoin is one of the most fortunate insights one could have right now


If you were going to start a podcast from scratch, how would you do it on Nostr?


I’ve had a few mates over the years called “Dan”

In fact the main person that made me buy #Bitcoin initially is called “Dan”

All the way back in December of 2015

What a legend Dan is…


Cool to see how this is progressing nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft

Well done!


It’s 10 days to the halving

Buckle up friends


#Bitcoin https://i.nostr.build/XVRd7.jpg


# "Free" is Slavery

Thae Young Ho is the highest ranking defector to ever have come out of North Korea. He was an ambassador to Sweden and then to England. At the Oslo Freedom Forum back in 2019, I got to talk to him for a few hours, and it's a conversation I'll never forget.

It's rare that we get such a high ranking official to come out of the country to tell us how they operate, but Mr. Thae is one of those people. He was able to enlighten many of us what North Korea's process for the currency revaluation was and why they backtracked. He also told us about how they had to execute someone so that the regime wouldn't get blamed. If you read any works of Rene Girard, that shouldn't surprise you, especially given that it's an atheist country.

## Kim's Rise to Power

But the story that struck me the most was about Kim Il Sung's rise to power. Mr. Thae explained that after being installed as the hand-picked leader of North Korea in 1945, he wasn't that popular. His Korean was marginal as he had grown up mostly in China. His education was a scant 8 years, all of it in Chinese and communist guerrilla tactics weren't exactly beloved by the people. Yet if we look at how he's looked at in North Korea today, he's essentially viewed as a divinity. Somehow, this poorly educated, barely comprehensible puppet of the Soviet Union became the god of North Korea.

So what happened? How did he gain all that power? What did he do to take control? You would think that given what we're generally told about communism that it would be based completely on fear and ruthlessness that consolidated his power. And certainly, there was plenty of that. But according to Mr. Thae, Kim Il Sung relied on something else: free stuff.

## The Cult of Free

Everyone loves free stuff. Think about how popular the free stuff section on your local craigslist is. I'll bet you anything it's the most visited and monitored part of the site and rarely will you find stuff that's that valuable that someone hasn't taken already. It's part of the human instinct to try to get something for nothing and Kim Il Sung exploited it.

As with most socialist/communist programs, the way he won over the North Korean people was with lots of entitlements. They got free health care, free food, free housing, a guaranteed job. They got everything they needed. And with Soviet subsidization, it worked great. People supported him and for a time, a lot of international observers thought that North Korea was doing better than the South.

But there's a darker side to "free stuff." What happens when they run out of a scarce resource? How do you determine who gets it? Say there's medicine that will help two different people, but there's only enough for one. Who gets it?

In a free market, prices help you decide that, and a high price spurs greater production of the scarce resource so that the prices come down. But if it's free, what do you do? When you have a central controller of everything, the answer is obvious. You reward those that are loyal and punish those that are not. Instead of money being your currency, it was loyalty to the regime that was your currency.

## Markets Build Community

Soon, the only people that really got the free stuff were near the top of the ideological hierarchy. Instead of prices determining what you got, it was your perceived compliance and loyalty to the regime that determined it.

In the absence of a market, compliance was what determined who got what. Mr. Thae's point of the story was that there's something sacred about market transactions. Market transactions cause both parties to have obligations to the other. There's a mutual desire to satisfy the other party and it binds us together in a community. That's precisely what they lacked in North Korea and why the regime was so powerful.

It's easy to listen to these stories and think of it as "out" there, that it's got nothing to do with us. But after listening to this story, I started thinking about what stuff I got for free from centralized entities. I get GMail for free. I get Facebook for free. I get YouTube for free. I realized that the cost of getting these things was indeed compliance. In these walled gardens, they can kick you out at any time and that is indeed what they do. The reason why these companies have so much power is because they give you this stuff in exchange for compliance. They give you this stuff to *enslave* you.

## Western Governments

Fact is, there's way more of the communist/socialist system of free embedded in our supposed democracies than we think. Remember during the pandemic how you had to get a vax to keep your job, visit your sick relatives or travel? There were people in the US suggesting that unvaxxed people should be denied health care services. Such tactics really only work when the service is "free." The central controller of the resource extracts its pound of flesh, just not in money. Many governments have gone down this route. We're much closer to communism in western societies than we'd like to believe.

Prices and paying for things are a good thing. They obligate both parties to the trade to satisfy the other. The instinct to get something for nothing is not one that builds civilization. The reason communism has led to tyranny every single time is because the central government ends up with all the resources and wields absolute power through "free" stuff.

Reject free. Pay for value.https://m.primal.net/HpeW.jpg


Great to meet briefly Daniel 🙏🏻


Love insights from bitcoiners deep down the rabbit hole

A reflection on the status quo of our future society


T2 a classic!


HODLing is so hard

I helped someone make a 250% return with bitcoin & they couldn’t even bring themselves to thank me initially


I don’t make it to the bush bash in the end

Trust you had a good time!


In person #Bitcoin events are a critical part of the journey

What’s mind blowing? That they’re no even more popular

How can it be that such a small group believe it’s the future of money?

Healthy reminder on how early we are on this thing


Why is it that the one night you sleep away from the family on a trip, with no kids to wake me up, you wake up crazy early anyways?


Why nostr:
- You own your identity
- Your speech stands on its own
- You can run your own everything
- You own and control your social graph
- You are free to say and do anything, but you are not free from consequences (non-repudiation of cryptographic signatures)
- You can proof realness via proof-of-work, either directly or indirectly
- Proof-of-work is what allows you to successfully combat bots, spam, and trolls, as it brings real cost to destructive actions
- Ownership and realness allows you to build and curate webs of trust, which allows for canonicality without central authority


As a podcaster, the future is far brighter than the past

Hard to believe when you consider the change already

Imagine saying to a radio host 59 years ago they can do it alone

But the tools incoming are going to make content even better

Without a voice online people & brands will have nothing


Funny how short-term volatility is something that really doesn’t bother me

Many tradfi investors will pride themselves on stability at the expense of growth

Liquidity is a far more valuable metric to analyse an asset through I feel


Jealousy mainly is my guess


Excited to be heading to Sydney today for Bitcoin Alive

Hosting in-person events as an MC is an absolute honour

But a dream a few years ago… Celebrating some progress!


Living with no fear is easier said than done


That's the plan!


Literally "unbelievable" in some ways!


Cool thing to think through right!


Exactly!


Pleasure to join! The spiritual journey that is #Bitcoin is only just getting started 🙏🏻

nostr:note1n5rue5ce68cxxqkm2nccqa7av72jvasf6klmum7edy3cu4n2xkeqewqzg5


I can’t seem to find a “bookmark” feature

So a way to save a note to go back to later would be nice


Making the rest of us feel cheap 😅


Sats = money

Can also be asset, capital, currency, wealth

It performs 3 key roles: store of value, medium of exchange, & unit of account


If you or anyone you know is interested in a play & play Bitcoin node, point them here.

nostr:nevent1qqsg23uc8y8u7ewjafss7x03rut900wzyl9vwy9usyvgy86g8euvqaqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqkvufu3cpvxp4xsckujhuyrul8nd3d8cm6sxcxxgg5udxy0l9v5vqvzqqqqqqyz6zjcn


Such a step change in how one thinks of the internet

Taking some time to get my head around it

Love what it means in principle!


Amen to that!


Exactly. If anything those additional area's are where I need to do most work


Latest creative urge is focused around photography

We’ve bought a Sony RX100 vii as a family camera

My wife complains about the photos I take constantly

My task: get good enough with a camera to be really proud

Took a walk with the dog first thing, no phone, & enjoyed it

Amazing what one notices when they’re looking


Amen to that


Brilliant answer


Walk down the street fist pumping & shouting everyone beers in the pub?

Fair play


Understanding #Bitcoin means you have to re-consider every other asset you own

This can lead to some very difficult conversations & investment scenarios


When #Bitcoin hits 250k usd

What will you do?


Triggering comment of the day

Amazing how conditioned one is


I found my anxiety levels dropping

Plus spending less time on socials

Twitter would be multiple times per hour sometimes

Nostr is a lot less addictive


Bro-in-law legend! Love those characters


Nice work. I deleted X off my phone back in December & not looked back

What are you most looking to learn?


“Don’t worry, buy #bitcoin”


Clown

Well & truly lost it


So cool! Next step, how to get notifications for sessions I might like?


Twitter spaces are still a thing?…


I know of people who are taking some fiat gains having already 3x their money

This is the power of halfing cycles & appreciating purchasing power

If you have the skills to time this market their are additional benefits to simple lump sum or dca


Some of the women behind the bitcoiners I know are true legends

Hours upon hours of at home explanation as to why it’s the most important topic ever

Of which one largely assumes it’s forgotten or kindly ignored

Then boom. “I’ll take the cold card, & here’s why…”

Love it


Not your relay, not your rules


Absolutely on point


That would scare the shit out of me as well!


“I’ve made a rule that I can’t check the price until 9am”

My mate told me today

Classic

Doesn’t want to start waking up too early, every time he checks the price the dopamine flies

One’s body might start waking up at 4am just to get the price fix

😂


Everyone on Nostr right now is a pioneer

Fringe digital nomads seeking a place of true expression


There are so many entrepreneurial opportunities in & around #Bitcoin


It’s so hard to acknowledge abundant vs scarce mindset

One moment I feel extraordinary powers of creativity

The next I shoot it all down as totally impossible


Patience is the hardest part of being an investor


Cool! How long did they take to get like that? And how much product per year?

Love a good avo


Beautiful

How do you like to then cook it? In a recipe? Or BBQ the shit out of it?


Have a great time! Sad not to be there


Up the Nostr tempo pls


Had an awesome business opportunity approach me

The Jake of 18 months ago would have jumped all over it

What's fun is to consider how much one can evolve

- Now I am trying to size it up, is it the right way forward?
- Trying to really feel into it, what does my intuition say?
- Noticing all sorts of contradictory thoughts, fear or vision?

Fascinating times!


Physically is how I was thinking


Yup. 3x per week. Enjoying it having not got into it for most of my life


I would love to know how much capital is tied up in illiquid assets that is only there as a store-of-value

Once those owners realise they would prefer to own #Bitcoin it’s a long road to re-allocate

It will take literally years for them to unwind some of their positions that they might have owners for generations


What if I am not nearly bullish enough on #Bitcoin?


Looking at taking the fam on a trip to Bali

Nothing more annoying than getting prices in USD

Lures you in. Then boom. Oops you need to convert to AUD

Then you need to add tax on top. & before you know it…

Ouch that’s punchy

God there are some nice hotels out there

Come on bull market. 💪🏻


It take so much longer to get stronger than anyone ever tells you


Seems crazy to allow that. But then again nothing would surprise me


Love this

I am an Apple pat addict

Worst fo the worst when it comes to digital footprint probably

One can always work on different areas!


Go Nick! Top work


Not long until she’s a 1.5tril asset

Amazing to watch


Those that ran away from you
Now come back to you
When you were down
They gave up on you
Many said you were dead
But now you are resurrected
Flying so high like a bull you fight
Oh bitcoin you are my joy and pride
I realised your powers at first sight
At first when I spoke about you
I was written off as a mad man
Now that your so high
Everyone wants to know more
Oh bitcoin in your lofty fight
You have turned skeptics
Into seekers of light

#bitcoin


The event sounds like a real hit. I look forward to attending when I can


Ouch. Getting your own self-custody in a muddle…

Also selling now? Break ATH then run for there hills?

Lots of tuition fees en route to #Bitcoin maximalism
https://m.primal.net/HkKB.jpg


If you add up all the views & downloads of the 10 most popular #Bitcoin podcasts

I think you'll be surprised by how few it really calculates to in total size

Especially if you consider how many will be repeat audience members

I for one have spent thousands of hours researching why it's a good asset to own

Then think what happens when the buyer demand increases by an order of magnitude

In short: I am very bullish on #Bitcoin content educators over the next 10 years


A stronger body & mind


Inflation is a hidden tax

Most people have no idea

But slowly they're waking up


I was brought up in the UK with the NHS as a quasi-godlike institution

Free healthcare was a "human right" that was central to the countries greatness

But truthfully, the more I think about it, why should anything be free?

If you need a product or service it makes sense to exchange value for it

When governments are no longer to print infinite sums of money their spending will shrink

Very interesting to see what institutions survive that contraction many years from now


In countries around the world experiencing high levels of inflation

The people that live there are turned into day traders


Crazy to imagine what the world will look like on a #Bitcoin standard

So much time is currently wasted using monetary tools that don't work

I love the idea of a true digtial renaissance kicking off as a result of hard money online


Inflation is evil


Smaller is better in so many ways in that sense


I have this strong instinct that literally all of my attention should be on Nostr

Ie do not feed any of the status quo platforms with my eyeballs (YT, IG, X etc)

Easier said than done... But comments such as yours really hammer this home


Because I've moved states in Australia I have to change over the car registration plates

Guess what? The process is f**king painful!

Classic government for the sake of government... Paperwork, paperwork, paperwork

Then a few inspections thrown in there. & of course the insurance product mandated

But don't worry: it's all for my own safety of course!


Appreciate the support. Thank you!


It’s something I would love to lean into more & more


Yeah I am MC on the main stage

Come say hi! Anon accounts not so easy to intro myself to 😜


18 months ago, after months of deliberation, angst, & self-loathing, I exited a real estate deal at a loss

- 8 year hold
- 55% equity position loss
- my first major loss as an investor

Something deep down within me knew that if I didn't sell & buy more #Bitcoin I would regret it forever

Q1 of 2024 proving to be a wonderful nudge in the right direction to re-coup the original losses


The #Bitcoin price action at the moment is what I predicted

Either way it's literally breaking my brain as it all unfolds


Why?

Totally open to learning more


Entirely predictable, either way, insane to watch play out


It's amazing watching it chugging away isn't it


THE ETFS ARE A STACK THE RUMOR, STACK THE NEWS, THEN STACK FOREVER KINDA EVENT.


Understanding the differing lens on the world that people have is very important

Sharing is part of that. Thank you

#Bitcoin is a very important exit strategy for many many people, do doubt about that


Will do!


I've been really enjoying meditation lately, such a cool thing to spent time doing

The me of 10 years ago would have laughed at this comment!


Linktree competitor sounds cool


You building anything yourself?

Top 3 fave ideas atm?


Learning to trust one’s intuition is far more difficult than I realised

Often it’s leading you somewhere that the rational mind rejects

Struggling to get over this twist in the journey at the moment


Sometimes the hardest paty of being creative is saying no

Filtering out all the ideas down to one high value concept


Weighted pulls ups

- 5kg - 5.5 reps
- 5kg - 4.5 reps
- 0kg - 5 reps

Slowly improving 💪🏻


Walking along Australian beaches every morning is literally paradise


Love it. How would you do that? First 3 steps?


I wonder what tools the best content studios of the future will use?


What gets measured gets managed


Action leads to clarity


Figuring out exactly what motivates you saves a lot of time heading in the wrong direction

Easier said than done though!


Where am I hiding?

nostr:note1u29cpftpk7zf0un4877tr20qfgnmd4j7pwp3mekfs2hzf69csprspgye28


Time to up the tempo!


Yeah I wonder what the tipping point is?

Every person will be different of course, depending on their life experiences, & what dots they have to draw lines between


If money was no issue, what would you do with your time?


The world was once thought to be flat... eg

So a scale of correctness

I like it!


People who can admit they're wrong are the best


I still see unit bias as one of the most important #Bitcoin lessons

Being able to buy a fraction of a coin is a superpower

Take 5% of your investible assets & re-allocate whatever that is


I wont be able to make this, but to anyone intrigued by meditation, I highly recommend joining

🙏

nostr:note1elcm3hkshltjx2jw0zv8jv4dxy3c4vtxyt299q5wwgrruhser3vsngr692


Back in December 2015 I bought my first #Bitcoin

They were trading at around 300 gbp a coin

I was over the moon when the price moved by 100 gbp

Just over 8 years on & now it moves by 100x that

Just imagine 8 years from now... Each cycle moves the norm


Most recent obsession: create documentaries

It was something I always dreamed of doing as a kid

But it fell on the scrap heap of “you can’t make money”

Much like art, music, & other creative interests I had

Obvs the first would be focused on the story that is #Bitcoin


A quitter never wins

A winner never quits


Monero raises its head

Fair play

Each to their own


Time will tell. Somehow people are affording mortgage debt at 3x 2 years ago… Piling into a BTC fever I think is very likely as well


Let’s think!


Nice. So how does it augment vs how does it disrupt?


Never nice for anyone being hacked like that

Trust all well Jeff!

Whilst yes. Being ok Nostr!


Received only one message about #Bitcoin all-time-high last week from a normie friend

Retail is not even close to being interested in this bull run yet

Hang on tight. When they turn up we’re in for one hell of a ride!


Mate reached out this week: “feeling pumped I hoovered up some #Bitcoin at 17k”

Boom! Love that so much. You just never know who is actually listening to you

Next time you’re a few beers deep & banging on about it in the pub… keep going!


I am hosting a panel at Bitcoin Alive called “The Institutions Are Here”

Between the 3 panelist’s there is almost a century of experience

Business, energy, entrepreneurship, finance, investing, and trading

What questions would you ask them?


Just seen the full speaking schedule for Bitcoin Alive

Really is a wonderful line-up of interesting people

Sydney set to be full of Bitcoiners for a weekend 💪🏻


But, you can’t use btc?…


What is main thing missing?


Paul Grahams essays were always good

If you haven’t been through “Bitcoin is Venice” & “Cryptosovereignty” then have a crack at them


As the regime loses control it reacts by cutting people who exhibit wrong think off from the financial system.

On a long enough timescale any ideas that don’t support the regime will be labeled wrong think.

Wrong thinkers need an alternative.

Hyperbitcoinization is inevitable.

https://m.primal.net/HjBd.jpg
https://m.primal.net/HjBe.jpg
https://m.primal.net/HjBf.jpg


Once you start to see it for what it is

One realises the status quo internet is a sequence of requests for permission

Digital monopolies & their overlords dictate everything


A zap is a great term

Wonder if we can morph that somehow?


Fun thought: as a content creator Nostr is one huge open field of potential

- there is no wrong or right
- status quo tactics are obsolete
- quality is again superior to quantity
- what you build is yours forever
- the gold standard of content is there to be set


Yeah that’s nice a vague

I quite like the idea of promoting the power of Bitcoin as a savings tech with my answer

“What do you mean stay at home dad?”

Ie perhaps action speaks louder than words sometimes

Trouble is I find my lifetime of conditioning then critical of that status

What’s the phrase “you’re your own worst enemy” springs to mind

😅


"So what do you do?"

Is a question I find very hard to answer sometimes

Breaking out of the fiat employment contract paradigm, means one doesn't have an easy answer

I am adopting "stay-at-home dad"


"How high is this bull run going to go Jake?"

"There is no top..."

Let that sink in friends


Attention is our scarcest resource


What’s wrong with a “note”


Hodling is hard.
https://m.primal.net/HikO.png


GM, how are you doing today?

The thai edition of The Fiat Standard is almost here.


You can’t speak English properly

Nothing you’ve said makes sense


On the “to do list!”


What do you mean? I don’t understand


What “makes your heart sing?”

Do that

(Much easier said than done)

Another idea I’ve heard is some kind of personal development program / startup accelerator / investment fund aimed at bitcoiners which have regained control their time, just like what you describe

Think back to your childhood. What dreams did you have? Fantasy? Work on that

If you’re doing what you love then the chance of success is so much higher


Do you drink coffee as a carnivore?


The #Bitcoin ATH in Gold was around 38oz

We are only at 31oz RN

We are still far away from reaching a hard money ATH

Few understand https://image.nostr.build/81fc2b2e10e8c809ab9117086a98caf3c5942b7db5c4cfdc7002bea4dc79a611.jpg


You come to Sydney sir?


What does the future of innovation financing look like on the #bitcoin standard?

More akin to benefactors in the renaissance I reckon


It's 100k in aussie dollars

Big party happening down under...


Just heard an amazing story from a new friend...

They were part of the UK Governments re-structuring of Lloyds banking group post GFC

Literally the treasurer of the Bank in charge of managing liquidity

As a career banker they're now working in the #Bitcoin space

Love it when people have seen the belly of the fiat beast & become #Bitcoin advocate's


Some of the rental prices that are being thrown at me are so high it blows my mind

But what's really happening is I am having to re-wire my brain having adopted a #Bitcoin standard

Leasing the things you need & keeping as much capital in BTC is the best long-term plan

Rent is no longer "dead money" as there is a better wealth strategy to leveraged real estate


Bet it’s been amazing!


A portfolio I like

- fiat cash runway of 12 months

Then

- 90% btc
- 10% more speculative eg startup equity


Stay calm

But #bitcoin


The Vanguard CEO loses his job over making the wrong Bitcoin bet. Let that sink in!

No one is bullish enough. 🚀
https://m.primal.net/HgUv.png


Anyone that's out there that's thinking about how they might like to get involved in the Bitcoin Space... Start writing about it. Start talking about it. Start creating and actually acting on those ideas you have, because you just have no idea where those little breadcrumbs might take you ~ nostr:npub1ltz38gwwmmg740r5qlqjn96gth5thv5wmhkwlgqks9lu3485q7jsy6k4fh ✨

🎙 #TribeTalk16 #Bitcoin
https://v.nostr.build/M3QJ.mp4


A few weeks back I was looking at some technical analysis

I was trying to do an asset transfer btc to btc

Basically changing legal ownership of part of my stack

Thankfully I found another way of doing it

As the TA was suggesting a pull back by now

How wrong those signals were & how wrong I was as well

Nothing goes up in a straight line so there will be more pullbacks

But wow, I would not want to be chasing this market

Bring on the bull of 2024!


Been approached with a chance to start a new business

Very very humbling. Grateful for attracting the opportunity

Ironically my appeal is largely due to a previous failure of mine

Good reminder that it's not possible to lose unless you stop!


Will be such a fun day! The frivolous Brisket

More beef brisket on order than one could ever imagine 😜


Every CEO should be itching to buy more!


Exactly!


A wonderful vision!

Many years of building ahead of us


It’s very very exciting in that sense

Let’s make it happen!


We're all guilty of this in some way!


E
X
H
I
L
E
R
A
T
I
N
G....!


I love the sentiment “I am not selling my #Bitcoin”

It’s one of the drivers of value long-term

However there is a price at which this changes

Regardless of what you say now, everyone has a threshold

Some will plan in advance what that is & stick to a strategy

For others it will be a brilliant moment of pure emotion

Different markets. Same old stories. Human nature friends

🙏🏻


Mildly!

Love it

“People get the price they deserve”


I love the title: "Chief Bitcoin Officer"

Many many organisations need one...


Couldn't agree more with this

The more time I spend studying & thinking about it, this seems to be the base layer of the future internet


100k in aud $ is really not far off at all...!


The moment you think the #Bitcoin price is going up forever

Is the moment to look the other way... Love to see the latest push

But nothing goes up in a straight line


What if my entire education was designed for the benefit of the status quo system rather than myself?


You can do anything you want

You can’t be excellent at everything


What gets measured gets managed, is a phrase I really value when it comes to digital marketing

Having always ignored calorie counting as part of my fitness goals I’ve made the call to go for it

MyFitnessPal downloaded & I am committing to track everything I consume for the next week

💪🏻


Recently moved house & stumbled across a big idea

- Updating the car insurance to say changed address. Hastle
- Updating the government to change ID documents address. Hastle
- Updating mailing address for important bank documents. Hastle

Essentially there are 100’s of information silos that I utilise for different products & services

When my data changes I have to go back to each one of them to update or risk terms of services breach

Nostr could be the one login I need for an entire suite of applications that I use

When I change my data, at the click of a button, I could update all the relevant people I chose to inform

This thing is about so much more than a decentralised social media competitor

It’s like we have an entirely new foundation upon which to build commercial applications online

Wowza

Big idea for a Sunday!


Haha! Fair call... Have your cake & eat it sir!

In an ideal world I would be happy to only use one client. But I've found that some do things better than others.

I've found within one client that I don't get notified the same way as I do in others

So then I miss things...

In the years to come I am sure we will laugh at these kind of things!


I bounce between Damus & Primal

I like zapping... but the autocorrect is all ver the place on Primal

Yet Damus I can't zap!


I find notifications very frustrating on Nostr

Each client sends me different things at different times

So it's not easy to see who reacted to what when


I have been looking for someone to explain why I am wrong about btc for many years

So far I’ve not found a significant argument to throw my deep conviction off course

But there are many other areas of my life that I am thinking of. Business. Etc


Authenticity cannot be faked

The future of content is very bright

If you create genuine conversations


I’ve been wrong about so many things in my life

The truly hard part was admitting it to myself


No alcohol since 1st Jan 2024 💪🏻

- 50 days on the bounce
- Feel absolutely amazing
- Fewer down moments
- Clarity of thought for longer
- Enjoy the self-discipline
- Great sleep routines

Long may it continue!


Australian rental market is totally out of control

- Huge demand
- Soaring rents
- Migration post covid
- Sales market unattainable
- Debt costs too high

Yet no-one stops to ask: what’s up with the money printing?


Thanks! Good times 👏👏👏


5 years married today!

I love my wife, what an absolute legend, & how grateful I am

Cheers Mrs W...!


This week's off the charts urge is to get a new podcast up & running

On the one hand I can feel all the status quo tools pulling me

Fire up a fresh YT channel. Hammer IG. Leverage my X audience

But then I let it sit for a day or 2, it sinks in, & I just can't ignore Nostr

Whilst I also have to ask: why do I want to dedicate my time to this?

As one's purchasing power surge's, it alters what we need to do

Our time in a way becomes even more valuable than before...

Let's see where it goes!


Went surfing for the first time in years this morning!

I am terrible... Wipe out all the time. Not quick enough etc

But that post workout feel, all salty, & in the sunshine...

Wow! What a vibe! I can feel why people love this sport


Who is doing the best Nostr focused podcast?


Wild that we're sitting at 50k usd for a Bitcoin & I don't feel that excited

Just over 12 months ago everyone thought this new form of money was dead

SBF had been proved a fraud, people were calling for 10k, & most were looking the other way

Luckily for some of us it was an excellent period of time to accumulate more

When there's blood on the streets... Buy buy buy. Where will we be 12 months from now?

Time will tell...


Amen to that

Why not also ban gmail etc?


If some unlucky person bought bitcoin right at the very top of the cycle in 2021, they're now down less than if they had bought US Treasuries at that moment instead.

That's how awful bonds have been.

https://m.primal.net/HdrE.png


I’ve actually called myself a “saylorite” before…

Guess that’s where I fall… how about you? nostr:note1nl8h4qzhm8d6x988lnaz3lcs0w3ljghaxyrw2ehk6n6srgvga85saej4gx


We should focus on c-type goals:

- A-type: a goal that you already know how to do (eg buy the new version of the car you already own)

- B-type: a goal that if you plan everything out you can get there (eg start a new podcast)

- C-type: a goal that is a fantasy, dream, vision (eg something that you have never done before)

By focusing on c-type, we draw something out of ourselves that we never knew was there, we grow, & use inspiration to create something new


Looking forward to that movie!


Just because you can do something, doesn’t mean you should


There is a great section in the "4 hour work week" about it
 nostr:npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2 takes the honours for getting me to do it


These kind of characters are the classic "you get #Bitcoin at the price you deserve"


I like the process of failure setting rather than goal setting

Ask yourself: what is the worst that can happen if you do what you're dreaming of?

More often than not, all the immediate reasons your rational brain conjure's up, are extremely unlikely

Equally, love to see the risk amp up, as one'e purchasing power via #Bitcoin increases


The faster #Bitcoin deflates, the longer my savings runway becomes

This is allowing me to open up more time to ideas further out on the risk curve

Regaining control of one's time, combined with an upgrade in mindset, is a gamechanger


The more of this the better to feed the viral loop

Just a matter of time…


So do I… nostr:note1kajxd20h2m8kh5ltah98cwwcpxxnd7m4j4k7k7fxhkn8yf60h8asqjhynu


Amen nostr:note12g3rwwmfaa4hjthuye6yk3uwl7x67dpf75p7rl7y2chhxkg4ky5qk0t9c2


Yeah could well be the case


Noble house is also excellent. I lived in Singapore for years, & travelled to HK etc a lot, somehow these books really make it come alive


I lived in Singapore for 4.5 years, pre-covid, & it was very common for people to wear masks in Asia

I wonder how many youve seen today who would have worn one anyway pre-2020...?


Only a matter of time


Love his books

Tai Pan is an absolute classic as well


It's only just beginning!


nostr:npub1fa8c9prxnrlkdtjl48adfsxyaduz8tas075l2n4f6903y9awjmxqanthnd good to see you in Nostr 👏


Thank god for the choice! Amen to that

I found it most useful to think of money with 3 functions

- store of value
- medium of exchange
- unit of account

Different things can perform each function in a different way

Real estate performs store of value quite well, but the others poorly

Gold performed all the functions best prior to Bitcoin

Classic cars are used as money. Silver. Glass beads etc

Point being people use different things as money

Some things are better than others as types of money

Ultimately the market decides what is the best


It is what we make of it

Individuals globally, being drawn into this new thing, that then take it in whatever direction they are inspired to try

With each new attempt, regardless of failure or success of the addition, the network grows stronger

Wiser, wiser, and wiser

Learning what works is just as important as what does work!


Good luck!


No doubt it’s true that many are coerced under threat of violence to use fiat


Why then do some people choose real estate, silver, or fiat?

I get your point though. Nice one


I like your thinking, but I would argue that fiat was initially in improvement on gold due to its ability to transfer value over space

How the system has been bastardised today is a disaster though


Wrong

Money is whatever an individual chooses

But some monies are better than others

Hence the collective trends towards a single money over time

Gold was the best expression of this to date

- Divisible
- Durable
- Fungible
- Portable
- Scarce
- Verifiable

Next it will be Bitcoin


It’s not true. Money is a tool, which over years of free market choices, has a set of defined characteristics.

- Divisible
- Durable
- Fungible
- Portable
- Scarce
- Verifiable

It just so happens that certain things do this better than others

So although it seems an illusion, in fact there is a very clear structure as to why we use money (& certain things are better at money than others)


“Money is a collective illusion”

NO

Anyone that starts their chat about #Bitcoin like that is going to irritate you

Inevitably leads to come kind of critique, then a marketing play for a shitcoin

Study money. Gain knowledge. Trust Bitcoin. Live life


The sooner you think of #Bitcoin as your bank account the better


Deeeeeliscious


Morning walks along a beach with the dog

Arguably one of life’s greatest pleasure

Have a wonderful day friends 🙏🏻 https://image.nostr.build/d9dce54e80ed1a607baa4538d2591ed965a4fa829df2c4848c29a9311f5eb14d.jpg


Been saying this myself twice per day everday:

“I’m so grateful & happy, now that I give myself permission to live everyday as an open space of discovery, fulfilment, & wonder”

Very interesting to see how affirmations work…


Feeling so grateful to be long #Bitcoin right now

Lots of people scrabbling to get involved

A thing of beauty as prices of everything deflate around you


nostr:npub1j8d6h8mzvc8f2fvysrf09nlkmn7m2ylj32zl5na4tm5e8fd5dqysrg26k2 keen to try a frostsnap prototype when it’s ready!


Amazing to see the data behind what is Nostr

Last 2 months:

Pubkeys: 25424278
Users: 374400
Trusted users: 131988
Events: 162235380
Posts: 65913366
Zaps: 2410608
Zap amount: 1475311763 sats
Relays: 2180

Rome wasn’t built in a day…


Thanks


Yeah I love to travel as well. Brings such a sense of freedom, but also huge perspective, it’s ok to love differently!


Where is the best data on Nostr user growth?


Reminder: give less of a f**k about what people think of you…


Hovered over tweeting

Then stopped myself…

Even when I know in the short-term there are benefits to communicating with my audience on X

Long-term, I simply do not want to give any status quo social media platform my life force

Our time is our scarcest asset! Treat it that way 🙏🏻


Time will tell!


Idea: personal development program for bitcoiners

- as we get wealthier in terms of purchasing power, we reclaim our time
- when we have more time, our old habits, skills, & interests drop in relevance
- suddenly there is a big open space to run into. How does one know which way to go?

Imagine a mental & physical health related bootcamp

Output would be: adventures, startups, investments, friendships, true creativity


If money was not a problem, ie you had all the wealth you would ever need, what would you do with your time?


Even those of us with a front row seat have no idea

I like thinking about all the other potential layers possible

Nostr was but a dream a few years ago to some

Exciting times!


I can feel my mindset shifting with time

No doubt thanks to the benefits of sound money

Making Bitcoin my bank has already proved the best life choice


This is clear evidence of what I’ve heard described as the “demand shock” that is coming to Bitcoin

I wonder how many are chasing this current spike versus buying & holding?

Easier access to btc doesn’t mean that these inflows understand the asset

I wouldn’t be surprised by a quick re-correction back to 40k ish as they take short-term profits


Thanks nostr:npub1r94hh3kt6re3j5jv7yg8rw0ah5fg90vw9pjklxzknvhdkx0famfsn0njzt

nostr:note12u6p4vfnkd4dvkjc2uagp7ly55r8egzkuy3d6dq0eqdplt97t94sjcdkf7


Great chatting with my friend Dale on "The Why Bitcoin Show"

https://open.spotify.com/episode/069hdrTsL2Nmh0Mo4wdr6e?si=jqRot63pSMG5bzcC7VcNGw&context=spotify%3Ashow%3A7vwwcwGyBpNZJnh6kAUbkP


50k

Good to see you my friend


Do it!


Bingo


& to think that my intuition has got me speaking to a robot

Interesting times indeed 😜


The autocorrect on primal is all over the place!


On it my friend! Intuition can lead one astray as well, recognising what it is teaching is the key


Totally agree. Question is: over what timeframe?


Tuning into intuition is so fun yet so hard

Goes against everything the rational mind has ever been taught

One things for sure though: you have to be ok with going with the flow!

On some days that’s as simple as doing whatever the f**k you feel like!


Beautiful right! That is the view of Tallow Beach en route to Byron Bay lighthouse


As a father that homeschool’s their kids most of the time

Getting some moments with just the wife & I is magical

Even better… Made it to the gym for my upper body day workout 💪🏻


Lots of fomo in the #Bitcoin market currently

People chasing the price action to the upside

Reckon we’ll touch through 50k & have a breather

Price will move in increments. Just imagine what happens at 100k…!


Happy to confirm that morning walks in & around Byron Bay are superb https://image.nostr.build/9a794de007de15ea234c7eafff05cd88634b8b526aefe7be58505c12cd6be303.jpg


Will have a read


Thanks! 1x reader locked in is a good start!


Appreciate the feedback! Not all ideas are for everyone


Haha! Yeah so the fact I caught your attention in the first place is a win in a sense. Well thanks so much for your time!


A number of different assets. The key is timing. One needs to have the skills to know when to re-allocate from BTC to elsewhere, & then back again


Nice! Always good to test these things. Thanks for the feedback


Thanks will def check it out


Thanks Mike! Good to see you here on Nostr as well 😜


Thanks so much for the feedback! This is supposed to be an elevator pitch, rather than a catchy title, which is without doubt needed later down the line.


Not read that book, so no idea, will have a look now though

Given the title, my initial hunch is a major point of difference, will be my preference for owning "bitcoin" long-term (& avoiding "crypto" unless a small allocation of a speculative nature)


Brilliant feedback! Thank you

Last thing I want to do is produce something boring. Out of interest, have you ever had to manage an inheritance?

Marketing is just as important pulling people in, as it is pushing people away...


Elevator pitch for my upcoming book:

"My book helps people with an inheritance, confidently protect and grow their wealth, enabling multi-generational financial freedom."

Feedback please:

- intrigued?
- bored?
- roll off the tongue?
- like?
- hate?


No sound!


Well done! Lifetime member right here 😜


Thanks!

Tbh it’s really a cap gains tax problem

Being long BTC already I feel very relaxed


Love to see it!


I am making a re-allocation as I setup a trust so need to do an asset transfer

Not planning on doing that at ATH!

In the next few weeks I expect a pull back, so will do it then

You're right though, a "surge" should really be much stronger price action to the upside than this...

Bring on later this year!


Exploring an idea to setup an investment fund

Focus would be on outperforming #Bitcoin, then accumulating #Bitcoin with the gains

I have a friend with excellent technical analysis skills, who would be head trader

His performance to date, self-taught, is excellent & something I could help scale

We would take positions all across the global markets, always using #Bitcoin as our hurdle rate

My marketing & capital raising skills, with his TA & trading skills

Where would be the best place to setup a fund?


Whilst I love to see a btc surge in price

Remember, this is when fomo kicks in & the herd chases the market

There will be plenty of buying opportunities around the corner


I’ve followed Bitcoin Archive for ages, like the content, & am really impressed by their potential reach for sponsors

But the elephant in the room: platform risk…

All the eyeballs they can try to monetise are in theory easy to remove should their digital real estate owner cancel them

They’ve built a business on quicksand, which is fine, until it’s not… This is why I’ve decided to focus on Nostr

It is the most low time preference move a content creator can make! https://image.nostr.build/cd6fa539181f175a5f538c4f8824c49ab70d035476975117916369ed55b31c32.jpg


Yup. Totally out of reach if only the average salary to leverage


I wish. Always dreamt of properly learning to surf! Maybe the time has come 😜


I bet! Any tips? Going to be a reality soon enough


Relocated to Byron Bay for a few weeks

- Average house price: $2.3 mil aud
- Average annual salary: $96k aud

A casual 24x


Turns out moving a family of 4 around is hard work!


Purchasing power is the most under-rated metric any investor can use


I can’t build it. But I would use that!


Nice! Do it!


Beautiful view!


Holds true for any asset. If someone can take it from you, is it really yours?


Thanks!


How do I signup for nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955 purple?

Absolutely believe in paying for use

Much prefer to “use” a product

Rather than “be” the product!


Keen to have a busier feed here on Nostr

Who can I follow that will help me make that happen?

Love information about:

- investing
- startups
- bitcoin
- macro
- content creation
- fatherhood
- fitness
- reading

Thanks in advance! 🙏🏻


Bitcoin forces you to ask "why do I own what I own?"

Often the question reveals poor investments all over the place


Over the 80 epsidoes I did of my podcast "Bitcoin With Jake" it was clear to me that each guest had circa 3 to 5 key skill sets to understand they needed to give more attention to #Bitcoin

I am fascinated by people's personal journey's


Nice! Let me have a read.

Been posting on nostr:npub1yzvxlwp7wawed5vgefwfmugvumtp8c8t0etk3g8sky4n0ndvyxesnxrf8q mostly

https://yakihonne.com/article/naddr1qq256n28wdjrwd2fgf5474m88pd8ykpd2aj4sq3qltz38gwwmmg740r5qlqjn96gth5thv5wmhkwlgqks9lu3485q7jsxpqqqp65w9nvza9


Rational mind kicking in:

- who is the book for?
- what purpose will it ultimately achieve?
- why is this the best use of your time?

Initial idea is to write a book about wealth management & inheritance in the #Bitcoin era

Maybe I do it just for me! 1) because I can 2) because it’s a great way to learn 3) maybe someone will find value in it! nostr:note1ghqlr2tclvuhz88wamlyk5jcg2vvmahuuf3vkkunddwsu4yg0mxsn9t4ln


Have you written one before?


Hold me accountable! Let's do this 🙏🏻


For this to be more interesting, I will try to repurpose strategies I curate from the status quo book writing stack, here on Nostr

What comes to mind:
- kickstarter style pre-release
- secret chapters
- public chapters
- quotes

There will be many more I am sure

nostr:note15rc43e7vumpr2t4gr9ancdqckzz85gwq53s0gvlrtkjw4y40kejsu274fx


Insane urge to write a book coming through today


Not a bad haul!


So true! It's the ultimate photo bomb

What a legend!

Wonder if he's sitting on a decent stack now

Hope so!


Perseverance is the most underrated characteristic


Really love the look of that program

Please share more!


Amen to that in terms of what we need!

Whilst yes it’s true, we’re lured into the status quo ecosystems

Only to find out later down the line the risk underneath

But if I am someone who is willing to make the switch

Then for sure there will be others out there!


I see this kind of thing all the time as well

Hard to recognise how deep the matrix goes

Or how far one has progressed lately


Not something I’ve trialled specifically!


That's a step I haven't  researched enough yet


Well let's build the same audience here! I had a similar one in a sense as well


Physical is hard. Totally agree


Keep exploring! Love the process of trial & error when it comes to this stuff


I mean that it’s a step back to walk away from 8k followers on Twitter

All the revenue potential etc that goes with that

But by focusing on Nostr I feel like it’s the best way long term

So possible to eventually take 2 steps forward


Opportunities appear in the most u likely of places

The question is: is that a problem you actually want to spend time solving?


Interesting sentiment this one

I for one feel like people are more genuine here

I’d much prefer to see the real you rather than not

How different does it feel so far?

Also it’s the fact people can stop self-censoring


Platform risk is the elephant in the room for status quo content creators

They’re building on quicksand & it’s only a matter of time to cancellation

Sometimes it’s a case of 1 step back to make 2 steps forward

That’s what exclusively focusing on Nostr feels like to me now


In a year from now, I wonder how many more “& other stuff” maximalists we’ll see?


Would #Bitcoin still have value if it never becomes a high volume payment tool?

My view: yes

So when people claim to like BTC but always try to discredit or slander its ability as an “everyday money”

They’ve totally missed the point… Thye’re missing the Forrest from the Tree

I need a long-term store-of-value tool, not a payment technology, so amen to #Bitcoin


Anything is reasonable when it comes to BTC

All depends on one's depth of knowledge & conviction


Beep-beep.

Beep-beep…

F*ck.

Alarm.

Switch it off.

Quick!

Waking the baby up early is a the worst case scenario…

This was me 20 minutes ago.

Gosh I feel tired.

I really struggled to get up today.

Indeed, it took me a while of half-dozing, heavily considering the option to sack off my new morning writing habit, until it struck me.

I want to write about discipline.

Or in this case, lack of discipline.

By 5om yesterday I was exhausted, I’d slept badly the night before after my daughter wet the bed at 2am, and a full day of Dad duties had taken their toll.

Thankfully I’d managed to navigate the witching hour, aka feeding, bathing, and putting young babies to bed by 7pm, a simultaneously beautiful and testing period of the day.

Emotions are flying all over the place for the whole family…

Done.

Phew.

I crashed onto a sofa.

“Tonight I am going to indulge”, I thought.

Some TV.

Some chocolate.

An early bed.

Brilliant.

The first hour flies by.

I am like a drugged up zombie, with a crime drama on Apple TV, and an assortment of sweet treats.

Why not have some more TV?

Why not have some more chocolate?

Yeah go on then…

The second hour flies by.

Before you know it, you’ve eaten twice as much chocolate than you wanted, and you’re watching “just one last episode”.

Damn.

“I am going to be tired in the morning…”

My usual sleep cut off time came and went.

Then the guilty feeling: “I’ve smashed through the daily calories quota I set myself…”

Shit.

And now, here I am, struggling to peel myself off the pillow…

Until of course I got the inspiration to write about discipline.

Some obvious questions arise:

- Why do I do this?
- When is it ok to not stick to plans?
- How can I avoid this repeating?

I knew I had made a commitment.

Indeed, I made multiple commitments…

But yet, there I was, ignoring them.

“F*ck you commitments!”, was my glorious state late last night, glued to an iPhone whilst screen lying in bed.

But how hollow I feel now.

What a loser.

Living vicariously through some bullshit spy series.

The definition of ‘cheap thrills’.

If I am going to truly enjoy my new morning writing habit, I will need to get more disciplined with my evenings, whilst as I write this I vow to be as open and honest about many different subjects.

Equally, the physical fitness goals I’ve set myself, I vow to take more seriously; I will stick to the combination of weight training and daily calorie deficits.

Hmmm.

I didn’t expect to get onto this topic this morning!

Which I guess brings me to a final point.

Inspiration comes in all shapes and sizes, at different times, in an unpredictable way.

I’ve been enjoying waking up, breathing deep, and allowing my intuition to guide me.

This will be the 24th article I’ve written on Nostr using this same process.

I’ve loved it.

It set’s up my day so well.

I’ve achieved something by 6.30 am everyday!

But I also confess, I am slightly stressed out by it…

- What am I going to write about?
- What if I don’t get any inspiration?
- When will I get the idea I want to discuss?

On the one hand, this is a reflection of the nature of how erratic inspiration is, but also it’s my rational mind going head-to-head with my intuition.

Have faith all will be well Jake.

What you say is what you were meant to say.

Ultimately, nothing is wrong… Just an experience.

Perhaps I will play around with the cadence, write on weekdays only, as I do really resonate with the concept of inspiration management.

Or one could pre-write and schedule things.

I will do some tests.

Ultimately, one doesn’t want to be burnt out.

One needs to truly foster inspiration, creativity, and 'the flow state'.

Anyways, babies now waking, so got to wrap this up.

“F*ck you late night TV!”

Best,
Jake

Ps - over the years I’ve tried many evening routines, all which seem to fall by the wayside, in spite of their obvious benefits. Spending 3 hours watching TV on my phone, like last night, is literally the last thing I actually want to spend my attention on… Lol. So why do I do it? Why do I not have better discipline? Indeed, my wife is always encouraging to use a nice face wash in the evening… Even that I don’t bother with! No doubt, this needs some work, firstly to understand what my priorities are, but then to figure out how best to optimise for them. Sometimes a cheeky treat is a good thing. Sometimes “you’re borrowing from tomorrow”. How do you manage discipline?

When is a treat a treat? When is breaking commitments not on? When are we being total losers? Discipline is hard. Day-by-day I am constantly course correcting, trying to figure things out, and optimise for the commitments I've made. Sometimes I fail. Sometimes I win... Bring it on!


Yup ! From end january its now been possible to do it. Prior to then, the word "Bitcoin" was on a list of banned words

Gradually, then suddenly!


“No jab. No play.”

WTF

What does that mean?

In the state of Victoria, Australia, if you do not follow the Government’s recommended infant vaccination program precisely, then your child cannot access most childcare centre’s.

Yup.

You read that right.

It’s a law.

Indeed, it’s legislation that I didn’t fully understand the implications of, as my wife and I became parents for the first time.

As with most parenting, one has to figure things out on the fly.

Learn on the job!

Early on, we decided that we had grave concerns about the cumulative effects of vaccinations on children, and opted to take a more cautious approach with them.

- What if we don’t get them all at the same time?
- Can we spread them out?
- Perhaps we can also simply say no to the ones that really don’t seem to make sense?

Without going into the details, it took many hours of research, and plenty of discussion.

Ultimately, we said no to the schedule, which now requires up to 19 jabs within their first 4 years.

For us it just didn’t make sense.

But then it dawned on us, hang on, so we can’t access any government funded childcare now?

Nope.

In the past a friend told us you could sign a waiver form, acknowledging your child was at risk having not followed the schedule, but that you were happy for them still to attend.

Now even that option has been removed.

As part of my research, I called around a number of childcare centre’s, and one of the phone call’s I had was very insightful: “the first thing they do when they come on site is check the immunisation records”

One would have thought they might be keen to learn about bullying, workplace care, abuse…? But nope, it’s the vaccination history first and foremost.

Hmmm

What do do?

Well, we were forced to find our own solutions.

My eldest daughter is now 3.5 years old, and most of her life, we have now “home-schooled” her.

Which really is a rather grand term for saying “Mum and Dad share looking after her at home all day…”

Yes, we’ve had a number of nanny’s help out.

Yes, we did find a couple of smaller childcare setups that were more flexible.

But the vast majority of the time this choice required hands on parenting.

In some ways I’ve loved it.

I “work from home” so have the flexibility to do so.

Really this is born out of my ability to accumulate Bitcoin with my capital, not work for anyone else, and therefore be my own boss.

No doubt I’ve spent a huge amount more time with both my girls than my father ever did with us as kids.

An experience I’ll be forever grateful for.

I won’t say it’s been totally plain sailing though…

After all, looking after children all day, is absolutely exhausting.

Point being, with a combination of both time and money, we’ve been able to handle not having access to the local childcare system.

For many people that just isn’t an option…

Where is this taking us?

Well, first and foremost, we believe we’ve made a superior decision when it comes to holistic health for a child.

Great.

But next it’s then the education options appearing.

Had you asked me 10 years ago if I’d be homeschooling my kids I would have said “never in a million years!”

But here we are!

Which brings me to “Bush Kindy”…

Again, wind the clock back 10 years, and I would’ve said “I don’t even known what that means…!”

Haha

Next week, we’re all booked, and as a family we’re heading to Byron Bay for 4 weeks.

We’ve only got a one way flight…

It might be home for a while!

Let’s see.

And next Wednesday, my eldest is going into her first day of “Bush Kindy”.

A bunch of kids, in the great Australian outdoors, unleashed to their hearts content.

Epic!

Inevitably the needs of our children, combined with our maturing parenting philosophies, are staring to drive more family decision making.

To quote their website:

“We develop Independent and Inter-Dependent Learners

- Passion-Based Learning
- Experiential Learning
- Self-Initiated Learning
- Challenge Based Learning
- Cultivating & tending Country
- Natural Childhood
- Nature as Teacher
- Parents as Guides
- Play as Learning”

Doesn’t that sound cool!

Well to say the least, I am excited for my daughter, as I think she’s going to love it.

Whilst, not only is it going to be a welcome break for full-time parenting, but is proof that are exciting alternative options outside the government controlled systems.

If we don’t have autonomy over what goes into the bodies and minds of our children, then what do we have?

It’s time to think outside the box.

Take a risk.

Maybe, just maybe, standing true to your principles will lead in a superior direction anyways.

Best,
Jake

Ps - with the advent of the internet, education as we knew it is being turned inside out, as access to valuable information is no longer monopolised by old school institutions. As an advocate of digital entrepreneurship, I couldn’t be more excited about leveraging this, learning whatever we need, wherever we are, whenever we want. Uk boarding school, the world I grew up in, looks a long way away right now! What do you do with your kids?

What does the ideal 25 year old look like? Tough question for young parents, but it's the desired goal, which all too often we don't step back and consider. Curating what enters the bodies and minds of our children is key on that journey. What steps are you willing to take?


Google allowing the word “#Bitcoin” in adverts now is a big deal

They are the largest ad platform by a long distance

The ETF players in particular have vast marketing budgets

No news is bad news for one of the world’s biggest brands!


Need to get better at this. It's almost like a proof-of-work for high quality information


Fair enough


In the last month I've helped coach 2 people through 6 figure #Bitcoin re-allocations

- What to look for in an exchange
- How to link up your bank account
- Best onramps for large transfers
- Custody options
- Inheritance plans

I am one person with a handful of friends moving $1,000,000 aud

Now consider the army of others doing simialr

Capital draining from the old & into the new

Love it


Serious question: why go back?

Long-term, to me, its very clear where to focus one's attention

I'left Twitter as of about a month leaving 8k followers

Product sales, sponsor revenue, all of it I left behind

Why?

Because building on someonelse's digital real estate is no longer necessary...


Fair call. Interesting to trial it!


I find myself jumping between nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955 & nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg on my mobile

Damus - feels like a better browsing experience, but I can't do full v4v

Primal - allows me to like & zap people, but auto-correct is very poor typing

Both making amazing progress!


Tried to zap you but seems you haven't setup a lightning wallet... This type of content is exactly whag the value-4-value ecosystem needs


Nostr, in my experience so far, is crying out for investment content creation

Latest news, macro, data, investment opportunities, failure rates, economic trends etc


So interesting to watch this play out in real-time

No doubt healthy demand for #Bitcoin

I wonder if anyone has done some counter-party risk analysis? nostr:note1yhyv8962lvnn38tv8jke9d7kzwj9dtvesezap2s90rcs6v5q9a2qczypyg


😂😂😂 nostr:note1z9388vnv45hhtmzzl2zu6nst38n7jsfynrdfvt85g63jmv4c7jksmkdz6t


Hahaha

That is classic

Given the response time of circa 25 seconds I figured as much

Well played to whom ever your creator is

👏👏👏


Thanks so much for the support! Any chance you’ll ever be able to join?


End of March shaping up to be great fun here in Australia

Will be MC at The Bitcoin Bushbash in Beechworth

Followed by being MC at Bitcoin Alive in Sydney

Absolutely honoured to get the call up for both events

DM if any questions about attending either of them

🙏🏻


You wear small patches on your body, like a plaster or band aid, which is how the treatment is conducted

Been wearing them the last few weeks as I sleep & noticed a big improvement in restedness

Eyes remain my main focus to try & heal which so far hasn’t happened

Well worth trying!


Tax.

There’s no way around it…

Or is there?

Recently, I’ve had to switch to a new accountant here in Australia, which has thrown up all sorts of insightful conversation.

Why change?

Well I had to.

The previous one was friends with my ex-business partner, and I was concerned about privacy, so I was keen to find someone I could trust.

No need to let anyone in on my private business dealings unless I have to!

After a few messages to some friends, I had a list of names, and a bunch of decent references.

Word-of-mouth.

Old school.

Somehow it felt better than a simple online search.

Seeing as this was now my 4th accounting firm in 4 years here, having never truly settled into a happy relationship with one, I wanted to invest more time and energy in getting it right on this occasion.

Importantly I wanted them to have a grasp of Bitcoin.

Anyways, I made my choice, and so far so good.

Shout out to Peter and his team for their work so far.

What’s fascinating though is what this has dragged up.

Complexity.

Lots of it…

- What tax returns have been completed?
- What was your income?
- What was your capital gain?

Urgh…

I hate this stuff.

Indeed, often, emails from accountants will sit in my inbox awaiting action for weeks at a time.

Procrastination is rife…

But no.

Come on Jake.

Get your head around this!

So, re-invigorated, I dove back in…

I pulled together all the information I thought they needed, attached multiple documents to an email, and sent it through.

Then they needed more.

Then they didn’t understand what I’d sent.

Then they required an introduction to my previous accountant.

FFS.

Why is this so hard?

Again, I resolved to get on top of it all.

The truth is, things were a bit of a mess, and there was only one person to blame:

Me…!

So I went back to the spreadsheets I’d created, made sure they were more detailed than before, and fired off another email with supporting attachments.

Surely they’ll figure that out.

Surely…

Surely…?

A few days roll by.

I wonder how long it will take?

Preferably I have an answer soon.

Shit, this is taking a while…

You get the point.

Ultimately, this ended in a 2 hour meeting in their office yesterday, to iron things out.

Which we’ve now pretty much done!

Why tell you all this?

Well it stirs up so many questions in me.

- What is tax?
- Why pay tax?
- When is tax fair?

Fundamental questions that we don’t spend enough time considering, have to refer to an “expert” to navigate, and don’t produce the most compelling of answers.

In my case, the complexity of the accounting discussion was driven by:

- I entered Australia with foreign assets which had to be valued
- I’ve since made disposals of foregin assets for a capital loss
- I need to manage the tax implications of an un-crystalised capital gain
- I am trying to move assets into an Australian discretionary trust efficiently
- I received some poor advice in the past that was in fact incorrect
- In May a foreign trust I am a beneficiary for will crystalise a capital gain
- We are considering a move overseas in 18 to 24 months

After a productive meeting I believe we are now on the right track.

But it’s left me clear on one thing for sure.

Navigating the modern world of fiat fuelled nation state taxation is a shitshow.

- It’s complex.
- It’s expensive.
- It’s time consuming

“Don’t make decisions for tax reasons”.

Is the common wisdom.

But when you end up in these deep discussions with industry experts, you can’t help but wonder how much simpler life would be if you upped sticks, and took your business elsewhere.

Less headache.

Lower taxation.

There’s a lot to like about jurisdictional arbitrage.

Anyways, that’s another rabbit hole in itself.

We’ll save it for another day.

To wrap up: invest time in finding a good accountant!

Best,

Jake

Ps - when my father died of a sudden heart attack, I was just 20 years old, and I was thrown into a position of financial responsibility far earlier in my life than usual. I had to manage an inheritance. Over the years I’ve dealt with tax experts, financial advisers, lawyers, brokers, you name it, and I’ve had some kind of interaction with them. The upshot: managing wealth in today’s world is a complex job. After all this, one of the reasons I am so bullish on Bitcoin, is it’s simplicity. A bearer asset, that cannot be debased, that you own, with next to zero opex; managed with a set of digital keys. You can still leverage traditional tools such as wills, trusts, and offshore companies, but at the end of the day, if you don’t have the key, you don’t have the wealth… Simple.

"How much more information do you need?"... FFS. "This is doing my head in..." Tax. What fun! My recent experience with an accountant in Australia hammered home a simple truth:  modern nation state taxation is a shitshow!


Without the fixed supply BTC would be nothing


Great daily challenge to set!


My mum got scammed last year, after following an IG advert... Horrible experience for her


I am testing a number of different things atm

Learning lots!


What do you mean?


Haha. I had to do the same! I am pretty sure it’s 7am… at least that’s what I remember! Don’t want to ask her again for so reason 😂


Good hustle!


“Trust your gut.”

“Use immediate instinct.”

“Follow your dreams.”

How often have you heard these colloquial pieces of advice?

Depends how old you are a I guess.

Or how in tune to your body you’ve become.

Maybe, you’ve been lucky, and had a great spiritual guide in your life.

For me, it’s the kind of thing I’ve heard hundreds of times, and although it might have felt good, I am guilty of being overly dismissive.

“Yeah, whatever…”

Before one’s rational mind takes control again.

Planning.

Scheming.

Thinking.

But here’s the thing, what if I told you I’d come across a field of study that helped to explain these simple piece’s of advice?

Give me a moment of your time.

There’s no smoke without fire as they say…

Let’s dive in.

It’s called “Human Design”.

Ever heard of it?

Doubt it…

I certainly hadn’t!

Shout out to Jin, the coach who I worked with last year, that brought this to my attention; she use’s it as part of her emotional and energy related personal development work.

Given it’s a complex subject, we’ll keep this high level, but with any luck it will spark some interest in you.

Human Design combines a number of fields, to create a ‘bodygraph’, depicting your unique characteristics.

It’s confusing.

It’s detailed.

It’s like a map.

Indeed, you need someone well versed in Human Design to decipher your reading, which is precisely what I got.

Initially I was dismissive.

I watched the 1 hour reading that I was given by Jin’s friend.

It was kind of cool.

But a few months went by.

Then some more months…

Until my meditation coach Sama recommended a Human Design book, which I bought, and eventually got around to reading.

Then something started to click.

“I must go back and re-watch my reading”, I thought…

Like many things, one needs a few prompts, before allocating some decent attention to something.

To unpack a little more, with your birth date, time, and location, Human Design is able to explain to you a number of reasons why you are the way you are.

It combines traditional fields of wisdom and ancient books in a novel format.

Astrology.

Divination.

I Ching.

Kabbalah.

Vedic philosophy.

Frankly terms that I often run a mile from as hocus-pocus lah-lah land…

But the output is rigourous.

It’s insightful.

Indeed, from my personal experiences through life, what my Human Design reading explains to me resonates very strongly.

I am what it calls a “Manifestor”.

This puts me in a category with about 8% of the global population.

Funnily, it re-affirms certain behaviours I notice in myself.

Using my initiative.

Getting new things started.

Being a dreamer.

Hating to be controlled.

Some say Manifestors are “bold visionaries”, which sounds cool, but they have an attitude of “everybody else get out of my way”.

This resonates.

I love ideas, but I am also guilty of “being a bulldozer”, as my mother likes to remind me.

As I bring this to a close, let me reflect… Why tell you all this?

Truthfully, I’ve gained some value from studying my Human Design, as a way to decipher more about this world, who I am, and how I might best navigate the way forward.

I think you could to.

Whilst in the future when you’re thinking about building a team, getting into a relationship, or going into business with someone, a quick read of their Human Design chart will help you to pave the way for a more harmonious friendship.

What’s wrong with knowing what makes someone tick?…

Best,
Jake

Ps - the more I delve into the spiritual world, the more I am fascinated, as if a veil is slowly falling from my eye’s. Why is this happening? Well I can’t help but feel it’s the mirage of fiat currency falling away. When someone has a money printer they can influence every part of life. Politics. Science. Religion. To some extent it’s all been corrupted. Indeed, it’s perhaps why I’ve found really tuning into myself, listening to what I think, truly feeling, such a powerful source of truth lately. Have you had a similar experience? I’d love to hear from you…

Why do I do what I do? Who am I? How do I better navigate this thing called life? All very reasonable questions... Perhaps you should get a "Human Design" reading to help out...


This event will be deleted!


Was so pumped this morning when I woke up to 1k sats for an article I’d posted

I know it’s hardly going to change the world in terms of revenue generation versus other sources

But for those of us that can see 1000x more users in this ecosystem it’s very encouraging

Just imagine the scale of this value-4-value model in the years to come https://image.nostr.build/55b5d9319ff9dce0dec4c0539f49a0ce7ded55bdaa0d3c45abe259ceff1a5f3d.jpg


Late last year I decided to sell some shares in my family company.

It’s a big deal.

At least for me it is.

Indeed, I’ve spent countless hours mulling over the pro’s and con’s of this particular investment.

It’s an unusual holding to say the least.

On my father’s side of the family, we’ve been in business for over 240 years, brewing beer and running pub’s.

Hall and Woodhouse is an amazing story of multi-generational entrepreneurship..

I am proud to be part of such an organisation.

But the difficulty is, I’ve learnt about Bitcoin, which forces you to ask; “why do I own what I own?”

The question is a tough one.

You have to really dig deep.

Going back to first principles reveals a clear picture.

The truth is, I no longer believe running a successful company, is the best way to steward wealth on a mutt-generational basis.

It’s stressful.

It’s risky.

It’s no longer fit-for-purpose now that Bitcoin exists.

Truthfully, my close family have been shocked by my decision, which has stirred up a lot of emotion.

But deep down, I know I have to do this.

In order to ease the pain, I decided to write an investment analysis of the company, detailing my thought process around the decision.

Which brings me to the crux of today’s story.

Initially I wanted to write this document just for me.

Something super private.

A reference point for the future.

But as the project unfolded, as usual, idea, upon idea, upon idea, came flowing out of me.

I now have a gdoc with a huge amount of thoughts to piece together.

Interestingly, as with all of us who’ve touched upon the digital marketing space, I asked myself “who am I writing this for?”

Before I knew it, I wanted to share it with my close family.

“Maybe I can help to change the company”

“Maybe I can help them to understand what I see”

“Maybe I can spark an evolution in thinking”

A big re-editing process began, as I needed to remove some private information, and re-jig things for a wider audience.

Then it hits me: “this is going to become a book!”

Wow.

Didn’t see that coming…

But hang on a second, that will require another re-edit, and even more context to the story.

Now I will need to explain how I became an investor, how I look at long-term wealth, and detail the fundamentals that underpin my whole strategy.

Ooft.

This is becoming a huge piece of work.

Then a meditation, an email from my Uncle, and a conversation with my wife, brought some clarity.

Slowing down I realised some facts.

Not only do I need to truly answer “who is this piece of writing for?”

But more importantly, “why do I feel this need to constantly justify myself?”

So what’s the upshot?

I am going to re-focus on writing a divestment document for myself.

It’s for me.

Just me.

I will use it as a point of reference in the future.

It will also become an additional tool, as a detailed analysis I can draw upon, as I navigate what is an unprecedented move to sell shares.

In the 240 years of running this family business no-one has ever done what I am proposing.

Having a crystal-clear thesis is key.

Whilst the truth is, I don’t need to justify myself.

I see a healthier future for the capital locked up in this business elsewhere, so it makes sense to re-allocate, and make a purely commercial decision.

My choice is to sell.

A tough call.

Arguably the toughest investment decision I have made to date in fact.

Hence it’s so important to get back to basics, hammer out a thesis, and get all the important thoughts one has had down on paper in a succinct way.

Writing is a forcing function for wisdom.

Could it be a booK?

Sure.

Why not!?

But first I have to write it for me.

Then one day I will re-edit it for a wider audience.

It’ll be valuable to anyone managing wealth, of that I am sure, in particular people who received an inheritance, own family companies, and are keen to continue to grow multi-generational wealth.

Why do you own what you own?

Best,
Jake

Ps - my father worked in my family company. My father’s father worked in my family company. My father’s father’s father worked in my family company… You get the picture. For me to not work there, and now sell shares, I am on a very different path to my paternal male ancestors that is for sure. Sometimes this scares me. I’ve had meetings with my dead father in meditation, dreams, and daytime walks; his presence makes me simultaneously feel I have to justify myself and stengthen’s my resolve. Am I a grown man? Do I believe in my skills as an investor? Or will I shrink from the wall of emotion? Time will tell. As always DM open if you’d like to share a similar experience.

"Why do I own what I own?".... A seemingly simple question, that every investor must now ask themselves, given Bitcoin exists. No asset class is immune to a digitally native savings technology. Beware, the answers might surprise you!


Went out last night with a mate so failed to get up & write first thing

Instead I’ll celebrate the last 18 consecutive days of this new habit

Create first. Consume second. Wonderful new vibe to start 2024


Awesome! Just the kind of sentiment that makes me want to keep coming back


You don’t fail. You learn


Cancel culture.

It’s rife.

I see it everywhere.

One example I remember from a while back, which resonate’s a lot more now, was that of Pete Evans.

He’s an Australian Chef.

In a podcast I listened to he explained his journey, and how every year he would visit the US, touring the same set of TV shows.

Then one year, he got a call, “we just can’t have you back on, sorry.”

And that was it…

Shut out.

No explanation.

After years working for them, he was edged out, and if memory serves me it was nothing more than a daytime TV slot rustling up a couple of yummy dishes.

What happened?

He confessed he never found out…

And doubted that would change.

The truth is, the point here is to shine a light on the incentive structure, rather than the specifics.

Was it the producer that didn’t like him?

Was it the broadcaster that didn’t like him?

Was it the advertisers that didn’t like him?

As a Chef he had started exploring the impact of a whole food diet, the negative side-effects of refined sugars, and the nefarious antics of the processed food giants.

He was asking questions.

And the status quo didn’t like it.

So enough was enough.

They cancelled him.

He confessed this started happening more and more, as his views became less and less mainstream, slowly being pushed to the fringe’s of the Celebrity Chef TV world.

Interesting.

What threat does having someone with alternative views have when cooking up a storm on daytime TV?

Truthfully, I can’t answer that.

We will never know.

But to hammer home the incentive, it’s clear to me, those paying the bills in the world of traditional TV call the shots.

Advertising revenue is the lifeblood.

Piss off your customers and you don’t have much of a business…

Changing gears, let’s look at another example.

No longer is it necessary to break into the traditional TV world, depending on production companies, and large broadcasters for survival.

You can be your own broadcaster…

Instagram.

Twitter.

YouTube.

Whatever your social media platform of choice, anyone with a smart phone, can be posting content of their own in just a few minutes.

Powerful.

Very powerful.

But what is the incentive structure here?

Quickly, we find ourselves in a similar place, with survival dependent on selling adverts.

Misbehave, in the eyes of the platform, and they’ll cancel you in a flash.

Indeed, in the last couple of years I’ve had friends YouTube channels blocked, Twitter accounts frozen, and Instagram’s shadow banned.

Twitter, pre-Musk, even cancelled the President of the US Donald Trump…

Anyone is fair game should they step out of line.

So where is this all going?

Well we’re in a scary place right now.

The thought police are everywhere.

“You might have freedom of speech, but you don’t have freedom of reach” was a comment that resonated lately.

Hmmm…

The scenario’s I’ve detailed, if only brief, lay out brilliantly why Nostr is so important.

There is a big difference between someone like Rumble saying “we won’t cancel you”, versus a decentralised protocol that is censorship resistant, which literally cannot be switched off.
.
And hence Nostr has grabbed my attention.

So what’s the vision?

Well I see a world that will become a content creators dreamland.

We are going to tear up the miss-aligned incentive structure of old…

How?

Well the ability to receive payment in a value-4-value format, with Bitcoin micro-transactions direct from your audience, obsolete’s the need for advertising.

Admittedly we’re very early.

Very very early.

So as it stands, I don’t know of a creator that is able to live full time on a value-4-value standard.

But this will change.

It will change fast.

Firstly from a user perspective, as the eco-system improves, more and more people will be drawn to Nostr-native products.

Having one public-private key login to multiple different apps has a very powerful network effect.

So eyeballs will arrive.

Of that I am sure.

So secondly, from a content creators perspective, I envision a vastly improved landscape to build their audience and businesses from.

Nostr solves a huge problem for them: platform risk.

As mentioned, they cannot be switched off, cancel culture is nullified.

To me this brings to mind truly solid foundations.

Bedrock to build upon.

So as I wrap this up, I want to share a product idea with you, that I for one would pay for.

Mecca for content creators…

A Nostr client, that helps me catch content ideas that I have, and takes them through a workflow right to the ears and eyes of my audience.

It would include:
- Ideation
- Production
- Hosting
- Publishing
- Scheduling
- Promotion

The ultimate combination of Notion, Riverside, Descript, Adobe, Anchor, Hypefury, YouTube, iTunes, Spotify, Medium and Twitter.

The key: it cannot be switched off.

I would pay for this.

Would you?

Best,
Jake

Ps - cancel culture arrived in my life in quite a spectacular way last September, as my ex-business partners Pete, Juliet, and Andy, of The Bitcoin Adviser, deemed it necessary to cancel me after a single podcast appearance I’d made. No chance to know I’d made a mistake. No chance to rectify the mistake. No chance to apologise for the mistake. Indeed, the internal metrics and stories I shared were never explained to me as strictly private, yet there I was 48 hours later locked out of email and shouted at on a phone. What a journey life is hey! Interestingly, I now feel a sense of gratitude, as I realise had I stayed I would have been shackled to their fear, not able to simply be myself, forever chaperoned by whatever their narrative of the day might be. From the bottom of my heart, good luck to them, but it’s time for me to build a creator’s Mecca.

Are you a content creator? If so, I want to make you a bet... Deep down, very deep down, your biggest fear is having your audience taken away. You know cancel culture is all around us. Well maybe, just maybe, Nostr fixes this...


If you get knocked down, get back up again!


Keep iterating until you find the sweet spot!

Love this sentiment


Some serious hoovering of demand

The next question: can this continue into the halving?

Supply shock with constant demand means one thing…

Price action to the upside!


It’s just the kind of point that makes me quite spiritual

The better your mindset, the better frequency you operate at, which in itself draws in better aligned people

🙏🏻


KG was a great guest to interview on my podcast a year or so ago

Great to see the progress he had made thus far


Pretty cool playing around with nostr:npub1tayp5jjjfqx4ufukxqamsl28wd5pggvteqe6u9n3svjn62lfr0hsp89l42

I love the use of AI instead of a search engine

Home in on the area you need, then get super detailed

Without ages of scrowling through pointless crap

Very similar to what I was thinking in relation to my podcast history

Cool to consider where it is going...


One of the best parts of Melbourne BitDevs last night

"Go & build it"

In response to my idea of uncensorable back-end for RSS

Challenge accepted 💪🏻