Argument from authority ceases to work where there is no trust of that authority.

Exposure to Bitcoin isn't Bitcoin. We're not going into a bull market until this lesson is learned. Sorry, I don't make the rules.

The deeper the belief, the longer you stay engaged. Good thing the Bitcoin rabbit hole is deep.

Ultimately, the circular economy will emerge to get around fiat chokepoints.

People secretly like centralization because it gives them someone to blame if things go wrong. Girardian scapegoats are preferred to taking responsibility.

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Bitcoin Tech Talk #508

Interesting Stuff

I tell founders that preparing for success is much harder than preparing for failure, because most people think that success will be easy. It isn't. The more resources you have, the more choices you have to make and the more such choices matter. And those choices have to be made wisely. An abundant future is at hand. The question is, are you prepared for it?

If you're doing drugs, you're not valuing your mind and body enough. If you're scamming people, you're not valuing your soul enough.

Loyalty is admirable. But it is possible to overindex on it.

I suspect a lot of people choose sides not because they believe the side to be true, but because they want to win and increase their status.

I'd hate to say it but a lot of people in Bitcoin still have the fiat mentality of "if enough people believe something, then it'll become true" Reality doesn't care about majority preference.

I wrote on why the neutral position on BIP110 is the right one:

On Overconfidence

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Bitcoin Tech Talk #507

Interesting Stuff

You can just say things.

Understanding intentions is usually pretty straightforward. Understanding consequences, that requires serious wisdom.

We don't do enough reflection about the consequences of the choices we've made.

Sw conflict in a community is healthy

Still confused by how certain people are about the success or failure of BIP110. For me, it's anything but settled.

The real virtue of decentralized systems is that it's very hard to compel others to do anything.

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Bitcoin Tech Talk #506

Interesting Stuff