Be nice.

The lazy lose to the average. The average lose to the focused. The focused lose to the obsessed.

On November 20, 2016, Bitcoin's price was approximately $734.46 USD. This period marked a steady price increase for Bitcoin as it moved toward a historic bull run in 2017, eventually reaching several thousand dollars in value by the end of that year. On November 20, 2020, Bitcoin closed at approximately $18,622.06. This marked a significant price for BTC at the time, as it was during a period of rapid gains leading into its major bull run that continued through early 2021.

The only thing that interests me about price anymore is that classic liberals (open minded, truth seeking, enlightened individualists) will be elevated while egomaniacal, statist totalitarians will be demoted. Wealth inequality is a great, great thing. Always has been. View quoted note →

Celebrate the hodl

Fuck the motherfuckers who looked at me like I was retarded when I was talking about bitcoin for the last 10 years. Fuck them and the horse they rode in on.

I managed to avoid getting caught in the Mt. Gox debacle by pure luck. I stuck with Kraken and Coinbase mostly during the 2016-2018 era but still wasn’t hardcore on self-custody. By 2020 I was convinced that we’d arrived and putting some bitcoin on Voyager to earn interest was safe. I read a piece by @Jameson Lopp that convinced me I was wrong so I pulled my bitcoin back to cold storage and after seeing how easy it was I went and got it all off exchanges. Voyager collapsed a few weeks later. I ran into @Jameson Lopp In El Salvador and got to thank him in person. Saved me about a half million in today’s prices. Bull markets make us dumb and the side effect is exchanges blow up and plebs get ruined. Self-custody is easier than ever. If you don’t self-custody, please start. If you do, find someone who doesn’t and teach them.

The future of all fiat backed governments. View quoted note →

Who benefits and is incentivized to self-custody? Those with some technical abilities who are concerned about protecting themselves from existing or future government oppression. Who benefits and is incentivized by custodial services? Governments, banks, corporations, financial institutions, yield seeking investors, sovereign wealth funds, those with limited technical capability, those wanting to hold bitcoin in a tax advantaged account, 99% of the world’s money. If a bill were passed that ensured bitcoin is legal to use as long as it’s custodial would most of the world care? Wouldn’t Larry Fink call the politicians on his payroll and tell them to support such a bill to increase flows to his ETFs?