I have 1 month left of my fiat mining job contract!!!
I donβt actually know what Iβm doing next. All I know is that it has to be bitcoin related, it has to be untethered from selling time for money..
I want to earn bitcoin. Instead of selling my soul to the fiat slavedrivers, and buying bitcoin, Iβve realised that the easiest way to do that is to provide value to bitcoiners. By serving other bitcoiners I donβt have to persuade them about paying in btc. I know they already understand low time preference and building quality.
If i only accept bitcoin as payment it self-selects the right customers!
π¨ PSA π¨
No one is tracking which post you pause on as you scroll through your Nostr feed. Your attention is not being weaponised to show you more of what you subconsciously want in order to place an ad right after it to hijack your monkey brain to buy something you donβt actually need.
Have a nice day.
how to build a bootstrapped startup without funding:
1. pick a problem you personally have. if you don't use your own product daily, quit now
2. skip the pitch deck. open your code editor. ship something ugly in a weekend
3. charge money from day 1. free users give you nothing but support tickets
4. use boring tech. PHP, SQLite, vanilla JS. frameworks are a trap that mass waste your time
5. host on cheap VPS ($5-20/mo). not AWS. you don't need kubernetes for 1,000 users
6. do customer support yourself. it's the fastest product feedback loop that exists
7. automate everything you do more than twice. cron jobs > employees.
8. grow on Twitter/X by building in public. your journey IS the marketing
9. keep your burn rate near zero so you never need to raise. ramen profitable > series A
10. say no to investors, cofounders, and "advisors" who want equity for intros
i've been doing this for 10+ years now. no employees, no funding, no board meetings
the entire VC game is designed to make you think you need permission to start
you don't
~ @levelsio on X
Still blows my mind every time I read this: π€―
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers.