Audio version: I switched to podcasting 2.0, which allows you to send micropayments to a content creator over the Lightning Network, a long time ago. In my Slovak language podcast, at the end of the recent episodes I also discuss the “boosts” of previous episodes from value4value apps such as Fountain.fm. The flow of bitcoins (“sats”) in this […]
The core of this text is a thought experiment, not science – and it’s perfectly OK if you disagree with it. I found this thought experiment to be an interesting take on an eternally debated topic. Inequality First, a few basics: the income scissors are probably melting, but what is certain is that the distribution […]
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After reading (well, listening to) Leopold Aschenbrenner’s set of essays (more of a book) called SITUATIONAL AWARENESS: The Decade Ahead, I decided to: First of all. Leopold Aschenbrenner is an industry insider, who used to work for OpenAI on AI alignment problems, in a team lead by now famous Ilya Sutskever. He understands what is […]
This text is a part of my new book The Orange Flash of Freedom: Understanding and using the Bitcoin Lightning network Although most bitcoin users look primarily at price and earnings, bitcoin has delivered much more than “just” digital gold. Even though altcoiners often criticize Bitcoin for being “slow” because blocks are created every 10 […]
TLDR: Bitcoin prolongs time preferences. Fiat mine (job) is short time preference. Bitcoin class of 2018+ have experienced Bitcoin, and what it leads to – peer to peer instead of hierarchy, decentralization, becoming ourselves. Now it’s time to take away the mental fog of fiat mine, step out and take one summer to think about […]
The price of Bitcoin is rising and the internet is soaked in FOMO memes: “ETF funds alone already need more than 10x of Bitcoin mined each day and in 2 months it is halving and they will need 20 times the daily mined amount” => FOMO!!!! Buy NOW!!!!!!! Let’s break this down and see what’s […]
You’ve already read from me why it’s important to use encrypted messengers, which ones I use, or life hacks for asynchronous communication. At the same time, I am leading by example and have started several Signal and Element groups, and participate in many others. And here’s the basic question – how not to go crazy […]
In the first part, we looked at Bitcoin’s success criteria. The path to adoption for me is – how do people that want to use Bitcoin for some reason get their hands on it? I don’t care about the numbers – how many countries, institutions or individuals are using it, or what monetary unit the […]
Debates about how wider adoption of Bitcoin will occur are popular among bitcoiners, though not all that useful. Personally, of course, I have no idea how it will happen, but it’s nice to talk about a few schools of thought as they have a broader worldview connections. And since our eyes only see and our […]