What we call the present is all possible quantum fields of both past and future collapsed into one. You are here, now. The future holds all possible, but so does the past. The present is not part of time. Projection is time, through imagination, or what we call memory. We can recall the future just as well as the past, except that we only remember a fixed past because this is how it collapses in the present. You don't know the difference because you remember it only one way.

Doing one thing consistently wrong can have enormous consequences. Fractional reserve banking is such a thing.

The current world order is over. A new one will be forged. My wish is that it will be one based on principles, not on beliefs. Decentralized protocols have the capacity to end ideology based power, bringing an end to the abuse of that power.

Epistemology > ideology Don't believe what you can know. Don't fixate what will remain uncertain.

Apparently the next cast iron pan discussion in our #bitcoin bubble is raw milk cheese. So wen raw milk cheese USA?

I remember last time #Bitcoin went up sharply. I was mostly marveled by the hesitant accuracy of the bullish predictions. I remember thinking "next time I should buy some calls".

Technological advancement is extremely hard to halt over the long run, because knowledge builds cumulatively and diffuses across societies. As technologies mature, the marginal cost of reproducing information, designs, and even many physical goods tends to decline toward zero, driving continued innovation and adoption.

There are four types of people when it comes to making money: 1. Those who are not yet earning — unemployed or dependent on others. 2. Those who work for others — earning wages by building someone else’s vision. 3. Those who own competitive businesses — earning marginal profits in crowded markets. 4. Those who own innovative or dominant businesses — earning high profits in markets with little or no competition. #Bitcoin mining is #4

Today marks a decade since I stopped selling my time merely for the upkeep of my existence.

Strategy > moralism Fight me. #mindset

Whale strategy: Step 1. Dump #bitcoin Step 2. Load up on deep OTM calls Step 3. Buy as much bitcoin as you can right before expiry. Step 4. Collect on ITM calls

Do you think it's just a matter of time that market makers will need to start buying #Bitcoin to prevent getting margin called? Wtf is absolute scarcity anyway? 🤷‍♂️

Pain is the basis of good character. Suffering is the result of bad character under the influence of pain. #mindset

Being a non player when others are playing is what most humans experience unknowingly. Not understanding that a game is being played, not being willing to learn the rules of the game, Dunning-Kruger-ing the rules or simply being ignorant of the existence of rules; it is clear that disqualifying oneself is the main feature. Opting out isn’t neutral: it’s a forfeit. #NPC #gametheory

“You all see in the matter of coinage, in which it is felt that we have some interest, how we have even invented an art, and how many means the tester employs to test the coinage—sight, touch, smell, finally hearing; he throws the denarius down and then listens to the sound, and is not satisfied with the sound it makes on a single test, but, as a result of his constant attention to the matter, he catches the tune, like a musician.” -Epictetus (on validating #bitcoin blocks)

I'm grateful someone was willing to sell me some #bitcoin.

#Bitcoin is the first and only money ever.

If every HODLing Bitcoiner would get a loan at their own capacity today, to buy bitcoin with it straight away, it would send Bitcoin to $200k-$500k overnight. They could then liquidate a small portion of their #Bitcoin to settle the loan with. Rinse and repeat. Absolute scarcity is a monster fit only for real apes 🐒 It would require discipline and coordination, not ape like mayhem.

This is simple ape like financial advice for fellow apes, a thought experiment for very rudimentary thought capacity: Get a loan, borrow $100k @ 5% interest Keep $40k in a separate account so you can pay the interest for 8 years. (8y X 5% X 100k = 40k 🐒) Buy #Bitcoin for the remaining $60k Wait. Don't spend the money you set aside for servicing the loan. Don't spend the bitcoin 🐵 Check the price after 8 years. Celebrate.

I'm not competing. I never have. I produce that which nobody makes yet. When marginal profit arrives I offer my work for free.