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HAS ANYONE SEEN A COWBOY HAT LAYING AROUND?
Stay away from debt. This is an important rule.
Debt is for slaves. Stop using fiat money in any form or shape.
Simplify your life. Why do you live a complicated life?
Satoshi created Bitcoin EXACTLY to avoid all these practices and make people think and start SAVING MONEY for later, instead of borrowing more than they can afford. Many will say that this is against advancing in technology and building more new stuff. But I am coming and ask: what are you need for your daily life, basics, to live a simple and healthy life? The answer is simple: energy, food, shelter. So why are we not concentrated into that only?
Why do we need 2-3 cars/ family, why do we need 2-3 houses /family, why do we need 2-3 phones/individual, why do we need to buy stuff and food that we really don’t need it and so on…? We are living in a world full of unnecessary stuff, just for the sake of consumerism.
Bitcoin is changing the mentality of consumerism into mentality of savings. Save today for having tomorrow enough to buy the stuff you really need it. Don’t stretch you legs more than the duvet.
This is a special chapter in Bitcoin economy. There’s a lot of controversy about these practices. And all comes from GREED.
Here you have a very good explanation of how this financial market DeFi works, to have a good view about the mechanism.
But let’s dive a bit more into this aspect and see what Bitcoin can do, or is trying to do.
Greed is a characteristic of human behaviour that could not be erradicated, but at least controlled at a low level. Each wo/man have a desire and attraction to “have more”, it is in our genes to desire more even if we can’t afford it with what we have or can do. And this come from long time ago, from the deep human history. But in the last century it was accelerated and even became a “religion”. People will do whatever they can to get more stuff, even no-necessity/util stuff, just hoarding so others don’t. and this greed was creating a huge system of lending/borrowing of money that people do not have and even cannot create, perpetuating a forever debt. Practically we are living in a debt slavery world. People are buying all kind of stuff, with money that they do not have it.
Bitcoin come to fix this paradigm. You cannot spend more bitcoins than you have in your own control. It cannot be created more than 21 Millions. FOREVER.
So what “smart guys” are doing now? EXACTLY what banksters did in the 17th century: offering to those gold owners, a place to deposit their valuable gold coins, into a bank vault, in exchange for a piece of paper, an IOU of x amount of gold. Now they are offering digital platforms for Bitcoin owners, to lend their BTC for a % of interest. But nobody ask: “from where is coming this %of BTC interest, if will not be created more BTC?”.
Michael Saylor say it very clear: he will buy all bitcoins available, will HODL them and later will lend them as collateral to all poor guys that today do not want Bitcoin. In plain sight you have the banksters and billionaires plan: to enslave you again in debt. If you still do not understand that, means that humanity deserve to be forever enslaved by few…
To sustain this aspect, please watch these two amazing videos (one is a Spanish movie about a guy that won the lottery and one is an animated documentary about debt). Both documentaries are a must watch.
Concursante – Spanish movie (EN subs), with a guy that won the lottery but he entered into total debt, just because of the evil system.
The American Dream – animated documentary about how the american dream is actually a debt nightmare.
Here is a bonus: I dare you flyer
And live in the Bitcoin circular economy:
- https://darthcoin.substack.com/p/living-with-bitcoin
- https://darthcoin.substack.com/p/a-bitcoin-adoption-story
- https://darthcoin.substack.com/p/bitcoin-lightning-irl-examples
- https://darthcoin.substack.com/p/pay-bills-with-bitcoin
- https://darthcoin.substack.com/p/be-paid-in-bitcoin-using-bitwage
- https://darthcoin.substack.com/p/21-rules-of-a-bitcoin-maxi
What you see happening with lightning?
Yeah wonderful questions!
Tldr; exclusivity, small scale, and art (as hobby on the side).
What's so liberating about this perspective is that instead of thinking of music as work and a difficult (globally accessible) industry to make it in, it becomes art -- and much more localized.
My village has a surprisingly active music scene (given its size), with a few musicians putting up performances (with like 10 people in audience) or inviting their friends from elsewhere to play. It's usually all donation based and those in attendance are happy to part with money for exclusivity -- and direct support of artists.
They all have real jobs on the side, realizing that their art is a passion, not an economic value-add.
But yeah, wavlake and special performances on Nostr etc would be one way to go.
In an informational overload era of next-to-infinite supply and very limited demand (and even less limited dollars), you have to realize that however good you think your stuff is, it's probably not that good globally speaking.
Access, or local in-the-here-and-now, on the other hand -- very different story.
Appreciate all the hard work and thoughtfulness with the security considerations file. I'm just still unsure that it's wise to be doing this. The attack vector for crypto SGX honeypots are high. At the end of the day, you have to extract the seed in order to present it to the user, and do occasional SGX server migrations which will require this seed again to provision.
Is this all so that you can offer offline receives for consumers? Because this is being worked on as far as the concept of Lightning goes.
Or do you see this as something you get enterprise customers with that already feel confident in the SGX model, whether that is wise or not?
they’re incredibly counter-intuitive for anyone who doesn’t intimately understand cryptography and security, and they make it way too easy for people to make a mistake
it’s a long discussion but there are other ways to handle key management and recovery that don’t require people to manually handle backups
I honestly think I heard one. I didn’t see any though. The fishing down there is second to none!
Uncle Gary did mention you at dinner the other night.
all I know is if it’s called Mutiny they’re probably up to no good
No, I don’t like it. At the same time, I understand what you’re saying is true and there is indeed little I can do to change this fact. But that does not mean I will stop acting like an old man yelling at the clouds. I will continue to try to shit on custodial wallets, and I will keep encouraging self custody solutions.
Just because I can’t change everyone’s mind doesn’t mean I can’t change someone’s mind. If my rants can get just one person to ditch a custodial wallet for a self custody wallet, it would be well worth all the time and effort typing up these rants.
One orange pill at a time; one person at a time.