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Guy Swann
theguyswann@iris.to
npub1h8nk...rpev
“The Guy who has read more about Bitcoin than anyone else you know.” Adjectives: Smart/Sexy Host of Bitcoin Audible 🎧
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TheGuySwann 1 year ago
I'm in Bitcoin for ideological reasons. If you try to counter my arguments with "you're just an ideologue" I'm just going to agree with you. Bitcoin is about a system to protect and enforce a foundation of liberty for the world. I wouldn't fight for it otherwise. This is why there is no option for pessimism or defeatism. There is only what path we must take and what we have to build to win.
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TheGuySwann 1 year ago
GM Orange piled someone this morning in 15 minutes. They are going to start buying bitcoin and I’ll be sending them a link to my basics series 🫡
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TheGuySwann 1 year ago
Hot Take: The tradfi narrative that Bitcoin is "just a commodity" is nothing more than this cycle's capitulation. Adoption as a "commodity" is the next step to a medium of exchange, then unit of account. The narrative will make no difference, same as "blockchain, not bitcoin" was DOA.
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TheGuySwann 1 year ago
Crypto is doomed and always has been… All crypto suffers from the same risk and will ultimately reach the same end as #ETH is coming to. The reason 90% of the "investors" buying any particular “crypto token” are there in the first place, is because they were excited about the “cool new hyped tech that will launch to the moon!” It’s only interesting to the majority of them because it’s illiquid and could rocket up quickly, and because it’s got a fresh new narrative that makes great marketing. Meaning after their token is already somewhat established, they all just look for its replacement. They are in love with the commercial for it, while the long term reality is boring, so they just move on to the next great looking commercial. Only the new crypto with “better tech” can fulfill a narrative of being "new" and the promise of overnight riches. It must have low enough liquidity to jump 300% in a few days. In fact most only find their "new token" because they looked at a bunch of charts, saw a ton of green candles, and then went to read their website and join their discord. As soon as their current token can no longer provide that energy and hype, the overwhelming majority lose interest and move to the next one. This is why there are MILLIONS of these things. We will see this chart over and over and over again, but it will increasingly be on shorter and shorter time frames as the infrastructure matures and slowly Bitcoin eats any and every random "utility" that crypto bros are certain needs its own blockchain and consensus system -- for no good reason (which is a very small set of uses anyway). image Consider, what on earth can ETH not do in a world where almost every claim I’ve seen of “utility” that has any real use is about creating tokens and trading them in token swapping markets? Did ETH lose the ability to do those things, or has it just become old news? The reality is that $ETH is literally the poster child for the entire crypto narrative... and it’s failing. The fall of ETH isn’t a signal that there is "better crypto," it’s the signal that the entire crypto narrative is nonsense. The crypto ecosystem made one grave error due to ignorance of the role that money plays. Being a trustworthy, incorruptible set of rules for the definition and ownership of the money itself is the most foundational and, by orders of magnitude, the most valuable utility. Every last one of the 10s of millions of tokens they printed cannot even slightly compete with the assurances and consistency that Bitcoin provides. And because of that, they will all suffer the same fate together. But that’s just my 2 sats.
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TheGuySwann 1 year ago
You can spend 20 years studying the intricacies of a single discipline, get a doctorate and every accolade there is, but have built it all on an incorrect premise. While someone else can be interested only in discovering the truth of the premise, and "know more" than you after a few youtube videos. If you start on the wrong foundation and never reassess, all the study or degrees in the world won't save you from being wrong.
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TheGuySwann 1 year ago
Building stuff is stressful AF but it’s just so awesome when it comes together. 🔥👏🏻
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TheGuySwann 1 year ago
People who don’t realize the problem of trust and custodianship is one directly proportional to the amount of value just really confuse me… It makes perfect sense to me to have a hierarchy of risk/trust based on how much value is at stake: • Large savings, planning for the future, major life purchases = on chain holding your keys, best as multisig, imo. • Monthly expenditures and income, regular purchases, a few weeks worth of funds = Lightning non-custodial, your own node when possible, otherwise LSP on mobile (like BitKit, Phoenix, Breez, Blitz, Zeus, etc) is a perfectly reasonable trade off. • Daily zaps, small amounts, playing with features, a few hours or a days worth of value = custodial Lightning, ecash, Liquid are all fine. Very little risk, can easily withdraw up a level to self custody Lightning if it grows too large. The people who hyper focus on the bottom of the value totem and squeal that the system is “broken” or “doesn’t work” because a lot of people use a custodial service, are missing the forest for the trees, imo. Of course, we would love to have perfect UX for self-custody from top to bottom, but in the meantime, there is nothing wrong with using custodians for explicitly low value payments and small amounts. In fact ecash is pretty dope in that scenario, because you get amazing privacy with it. This isn’t even a controversial take to me, yet it seems like it is to tons of other people. To the point that even noobs are made to feel guilty about it. Thats ridiculous, imo. Analogy: It’s the difference between sitting on a bench with a stranger and leaving $20K in cash and asking them to “hold onto it” while you go buy a donut, or asking them to watch your cup of coffee. If you come back and your coffee is gone, you’ll be like “damnit”… and then get on with your life or go back into line and grab another. Spending more energy than it’s worth arguing and coming up with some brilliant way to keep your coffee chained down and secure on the bench, isn’t a huge priority. But securing the $20K in cash sure as hell is. So anyway, if you have a node, run your own lightning, and can use NWC with something like @Alby Go, definitely do it because it’s awesome. But if you are using a custodian for some small payments, a Lightning address, or to zap people and you understand the risk you are taking, then that’s perfectly fine too and you don’t have to feel guilty about it like you’ve “sinned.” Just withdraw to your keys when you look at the amount and think “it would suck to lose this.” Just my 2 sats
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TheGuySwann 1 year ago
Use P2P, independent, encrypted, sovereign tools in all the ways you can if you care about liberty. If it's a little clunky or unfamiliar, I get that is a barrier for broad adoption, but if that stops YOU, then why would it be unreasonable for someone to assume you simply don't don't care that much about freedom? 🤔
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TheGuySwann 1 year ago
China’s capacity to build and manufacture is as great as what made the United States the center of the world. The United States has been gutted from the inside by our monetary and political system. The only chance we have is to end the dollar as the global reserve currency. People think this would be bad, to the contrary is has destroyed our country and ending it and our central bank are there only way we bring it back.
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TheGuySwann 1 year ago
If you “recorded” with Odell for an hour and 20 minutes but you didn’t hit “record”… then did you really record? 🤔🤯 View quoted note →
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TheGuySwann 1 year ago
Once upon a time, there were people who had the job title “computer.” Then we invented computers. All those “computer” jobs shifted from actual calculation, to coding, configuring, and using computers. Once upon a time there were people called “programmers.” Then we invented LLMs… [you are here]
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TheGuySwann 1 year ago
“Feature” This is why legacy models are doomed. Seems obvious to me but still feels like most don’t see it. The walls will just keep getting higher and the KYC will just keep getting worse until we are forced onto a key based internet, or the people who refuse to change will just no longer have an open internet. View quoted note →
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TheGuySwann 1 year ago
Naming the country Israel was the greatest and most elementary trick for Christians imaginable. It has absolutely nothing to do with the “Israel” of the Bible, but sure enough hundreds of millions of Christians read that word in the Bible and that’s enough to then defend anything done by the arbitrary government lines that recently received the same label. 😅 View quoted note →