Scott Dedels

Realizing money is fake is step one. https://youtu.be/dR8Svg71bBo?si=0RDm5RanCd_jShoL

If you spent the last 2 weeks worrying about how low the Bitcoin price might go it's worth considering how much energy and attention gets consumed with things completely out of our control. A young man once asked a Daoist monk how to stop worrying. The monk responded: "You worry because your mind is grasping for control. It tries to assert its power over powerless situations and aims to shield you from the imagined dangers of the future. But we can never see the future for what it will actually bring. The best we can do is imagine. Therefore, worrying is your mind causing itself pain. There exists one remedy for this affliction, and this is trust. You must trust that you will meet the problems of the future the same way you have met and overcame the problems of the past. Problems themselves are an inevitable and natural part of life. Trust that you will overcome them, and you will gain power over your worries." Bitcoin will go lower and it will go higher. So far entertaining the calls for 87k seem to have been a waste of time. Worrying won't change anything anyways. The emotional roller coaster that comes with the volatility of Bitcoin is mostly self inflicted and entirely optional.

First Nation land claims appear to be calling into question titles of up to 95% of privately owned land in BC. Surrey-Cloverdale MLA Elenore Sturko says the B.C government needs to “come clean” about the number of Aboriginal title claims that could impact private land. I believe we are in the early stages of a transition away from old 20th century ideas about ownership and how we conceptualize physical things as stores of value. The potential dispute in BC is just one way for people to think about the uncertainty that comes with owning physical property and the danger of having that property be your primary financial asset. We used to till land and pour our lives into it and the state provided protection of our property rights as a service in return. Over the last 50 years real estate became less about living on and caring for land — and more about financial leverage, speculation, and debt. What people are mostly trying to do with property ownership today is get ahead. To find peace of mind and plan for the future with certainty. Bitcoin confers a type of ownership that is in many ways preferential to real estate. You can not live in your Bitcoin but it is much harder to have the rights that come with owning that Bitcoin taken away from you. If your goal is to protect the fruits of your labors, you are better off using something that is non-physical, can't be diluted, portable, ageless, and incredibly difficult to confiscate. As a form of property, Bitcoin is immune to most of the negatives that come with owning real estate. It's very possible we are in the early stages of a large scale transition that will end our current conception of property ownership and how we think about real estate as a financial tool. Bitcoin already today offers a life raft for those who are willing to let go of how we are used to things working. Growing cracks in the real estate system — both financial and regulatory — create an opportunity to broaden our understanding of why storing financial energy in the digital realm, though unfamiliar, makes sense. Bitcoin is much more than an investment. It's a zero to one improvement in property rights. https://vancouver.citynews.ca/2025/11/05/independent-mla-calls-transparency-ndp-aboriginal-title-claims/

Had an amazing time this past weekend at the Canadian Bitcoin Conference in Montreal. High signal event with an incredible crowd. I feel so fortunate that I get opportunities to participate in events like these. Had so many cool interactions with the guests and speakers.

One of my favourite rabbit holes as a historian is the anomaly of lost architectural knowledge how. If the money is fake and almost nobody realizes it, what should that tell us about history? https://youtu.be/5el8IpbKqYw

I was class of 2020 and the first real dump where I had skin in the game was Elon talking about dumping his btc in May of 21. I was leveraged and greedy and got absolutely wrecked that day. Today didn’t feel anything like that. I’m not doing anything degen anymore so it could be my experience of it but I don’t think so. There was a type of pervasive panic then that didn’t hit today and I was wondering if it would. This tweet could age like milk but days like today do make me notice how much things have changed in 5 years.

Bitcoin is a tool for long term capital preservation. Generational, timeless capital preservation. It's a hard lesson Bitcoin savers need to learn. Companies choosing to save in Bitcoin will need to learn the same lesson throughout the DNA of how they make decisions as an organization. There are no reliable ways to cheat or accelerate what Bitcoin provides. This lesson is equally true for all types of participants. There are no shortcuts in Bitcoin. This is a feature not a bug.

While we focus on who is left and who is right the world we knew is being replaced right under our noses. Our money debased, surveillance society implemented, basic freedoms eroded. All this stuff is possible because we willingly give our attention to things designed to distract us from the real heist.

Money is a technology we invented to describe the value of energy and time.

Today we think of bitcoin as having a price in dollars, so we rationally equate it to other things that also have prices. We are moving towards a world where we simply think about how much bitcoin things with prices are worth.

Got to talk about a few of my favourite subjects on this one. https://fountain.fm/episode/YbsiTgJe8XNrzsrkbnPt

Excited to share my presentation from nostr:nprofile1qqsqhucmda0927e6dhrj8yf66lq6r4xgx7gyd8t4l3dhj0qhxfh32nqpydmhxue69uhhyetvv9ujuun9ve5kuetj0yhxxmmjv93kcefww3hk7mrn9uq3samn8ghj7dp49cmnjt3jxvmjuvf3xgargwp58qhs62jwv0 2025 “Monetary Entropy & the Variable Value of Time” https://youtu.be/O4Zebq4hDqk?si=cr85x9mDYKmvGcf4

If I told you I owned the Empire State Building, would knowing how to get there jeopardize my ownership of it?

It’s September 2025, you sold a Bitcoin for 250k and bought a Lambo. It’s September 2035, that Lambo cost you $10,000,000. Pizza day is permanently on repeat. Plan accordingly.

There is no second best. https://home.cern/news/news/physics/alice-detects-conversion-lead-gold-lhc

This week on The Block Reward we are in the studio with the one and only nostr:nprofile1qqsr8djpqa2nr8cm8zuuxly3gfgujk58wmaweh3ke58uvdwr2kc88fgpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqppamhxue69uhkumewwd68ytnrwgty0pem https://youtu.be/b8Q03u1RP3g?si=gOi_nF79cZKOw8e_