Right? Here's the normie diversified portfolio:
Buy a house(if the banks give you permission to use their printed money.)
Put 60% of your money in an Index Fund that earns 11% on average.
You're beating the CPI, but your groceries gonup by 13% for some unknown reason. Better vote for the best golf player because this is the most important election of your life again.
Never diversify your currency unless you visit Mexico and plan on buying souvenirs made in China.
But you must diversify into something safe like government debt. It's safe because the government can print money. (This is literally in I Will Teach You To Be Rich) This debt has an ENDLESS SUPPLY. Don't fuck around with "speculative" investments like bit‐CON that's not "backed by anything." Buy 40% Bonds to DiVeRsIfY.
I've had many arguments over quantum computing, government bans, environmental concerns, tax evasion, drugs and boiling the oceans, but nobody ever defends this madness.
That's a lot of words from someone who has no idea what they are talking about. It would make just as much since if you replaced the word bitcoin with the theory of relativity.
Seed XOR is an excellent way to make a redundant backup of your seed however. Passphrase risk can be mitigated by using pre-spelled BIP39 words on the ColdCard so I wouldn't panic.
At first, I used a 2-of-3 multisig with CoboVault, but the wallet stopped working because of some update. I didn't lose my stack because I had access to the other two keys and I was able to use the CoboVault key with a Seed Signer.
If humanity loses electricity, your wine will be a better store of value than bitcoin. In that situation, silver bullets will be the most saleable good, but booze would be a close second.
If electricity remains the backbone of the economy, all booze will lose value compared to bitcoin over time.
Selling extensions on nostr:nprofile1qqs8u5uf0rd2p9wmdxxaznpn54tkq8wwspmljy0cjqw6jdgm5kv84dspzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtc49u4gu is cypherpunk AF.
I love Umbrel, but it's also given me a lot of headaches.
Start9 is easier to backup. Indon'tbeven know how to back up Umbrel since they revamped the OS.
Meetups are our best shot at making bitcoin payments ubiquitous.
Businesses will not want to accept bitcoin if it won't bring more customers.
BTCpayServer has come a long way.
We just need education.
I know a guy who sideloaded BTCpayServer onto a Toast POS terminal st a couple fast food restaurants, but it's just a website.
A $60 tablet or old smart phone would work.
Jack Mallers tried that, but suits are a tough nut to crack.
Small businesses will also be hard, but I'm optimistic.
We need better marketing and a bitcoin geek squad willing to help set up infrastructure.
I smoked a pack a day for a decade until I read The Easy Way To Quit Smoking eleven years ago and have been nicotine free ever since.
My wife read it 14 years ago and it worked for her too.
Me too. I forgot about these economic rap battles. About 9 years ago, I listened to the Econtalk podcast.
Russ Roberts aldo had some cool Austrian economics music videos back then too.
It's all good. I found them. I forgot to hit save so I was still using the Strike API for my lightning node. It turns out, I sold about $200 worth of sats on Strike on accident, but I bought most of that back. I only lost a few thousand sats after all. Oops.
I think about that Adam Smith quote often. He figured out how governments around the world looted their subjects savings. When I read it, I remember thinking...Bitcoin fixes this.
Oddbean new post about login | logout
Notes by ₿logging₿itcoin | export