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Wednesday 1 March 2023

Reflecting on Efforts for Orange Pilling

I don't try too hard to orange pill people anymore and I think this is proving to be my most successful method. I meet the person where they are and try to really listen to them and be in their ideal friend conversation mode. In other words, I am just relaxed and tell them, if they are interested, about the good things that have happened in my life because of bitcoin. 

I think it's valuable for bitcoiners, who for good reason are passionate and excited about telling people and teaching people about bitcoin. Sometimes I think less is more when trying to win over people who can be quite sceptics. Here is my example orange pill dialogue.

To keep it simple it often starts off with the financial aspect. A new person you meet often asks

>"what do you do?" 

I say "well I kind of semi-retired when I was 37 a few years ago and now I work on small projects that excite me to do with bitcoin and the lightning network."

>"Oh man that's cool, my job is such a grind." 

They might ask and continue the conversation on bitcoin or your work, or not, but it doesn't matter because you have planted a powerful seed. The financial benefits seed.

You can say (responsively to what they said and if they want to talk about the subject) "yeah I know how you feel, my job used to be like that, I still like to work hard though."

Let them talk, and leave space, there is no pressure or urgency to explain to them all the beautiful things about bitcoin, it would be too much at once anyway. 

I might say " my main thing at the moment is .... it's pretty cool, you should check it out." 

Shilling your stuff to newbs however, I think is a personal thing and might not be the best for bitcoin overall. Most importantly you have planted a financial seed ( could be your retirement plan) and the most important is that you stay friends with this person. 

Next, you can have a drink (non-alcoholic of course) and so you can really become friends. At a bar, if they want, you can pay them for half of a round with Bitcoin, a good time to introduce the lightning network. This payment use is the second step. 

Getting people to experience what bitcoin is, might take years, but people generally need to see how bitcoin works. 

>"its that easy?" 

"yeah anyone can get into it, you can go really deep though."

Once they have seen an app and seen the price movement, hopefully up, they can build a basic understanding and this has the power to break a lot of built-up scepticism. The material experience can do things an abstract conversation often can't. 

You might have to wait till the third date or after the dating stage to tell them about all the other great bitcoin things. I know you wan't to talk about the huge wide-ranging positive effects on people, to their minds and their health, about the great liberating political implications and peaceful but potent killing off of parasite corporations, the dirty banks and the F** federal reserve, but you can't. If it comes before building new friendships you might not end up getting anywhere and might struggle to tread water yourself.

I say stack friends and orangepill gently.

 


Monday 13 February 2023

What is a Trend?

A trend is a direction that you can decifer in a chart at the stage, when you zoom out, where you can see INFORMATION in the chart just by looking at it. 

Different people see information in different charts at different resolution depending on their level of knowledge and connectedness. 

For instance. If you look at an NSD100 you can see history depicted in the chart .com bubble, recessions pandemic, at that stage most people can see the trend. 

If you are an oil trader or someone who follows say bitcoin very closely then you have more granular knowledge of the environment and can see other events materialise on the charts at closer resolution you can see the trend.

@hughhendry podcast "the Master of all bear markets"

Follow me on Etoro https://etoro.tw/3I4qtYu

Friday 10 February 2023

Ordinals, You and Satoshi Inscriptions

Bitcoin has always been able to do smart contracts dummies. Now we are just doing them more NFT's are going crazy and some how more artistically tastefully, in a introspective reflective way.

You can learn about it on this great podcast, very in right now. https://fountain.fm/show/W8pjfavWchv8diXjikgC

You can also check it out the website here https://ordinals.com/

Etherium maxis and bored apes must be flipping in their digital yacht club right now, especially with the smart contract stuff coming up, simplicity and RGB on lightning etc. Rocks are selling for more on the everlasting blockchain.

The Dark Knowledge Of The Lightning Dev


To become a truly powerful lightning developer there are cirtain things you must know. Even worse you must know how to do these things and to test them out. The public use of these skills could hurt, maybe even destroy the lightning networks great potential, if it is found to be fragile and humans to be untrustworthy. Sounds like something from a sci fi movie but it might be true. 

On a recent battle with the terminal I have been trying to recover a lightning node which I ran on  using some rare beta software and which I hastily thought i could simply recover with a seed phrase and a channel.db file. Its is not always the case, at the moment none of the funds are recovered. Somewhat luckily there where only small amounts on it and most of the channels are to known counterparties. Now if find my self digging into the darkest corners of the web to find out how to modifying commitment transations so that I can close channels with my self in favour of nodes that still work. Dangerous knowledge indeed, but I think I can call myself a lightning wizard should I pull it off.


Sunday 29 January 2023

Too Much Too Fast

Bitcoins next biggest problem durring global financial crisis may be that bitcoiners make too much money too fast.

Given a strong flow to sound money, the obvious advantages of bitcoin over gold and silver and the small current market cap of bitcoin.

If people get wealthy to quickly without any work other people get jealous and feel justified in taking the supposedly ill gotten gains away. Bitcoiners need to make sure they are deserving.


Wednesday 30 November 2022

RBF?

RBF (replace by fee) has been put into Core v24 release. It's a non-committing change, but it does have some pretty major consequences on large parts of the bitcoin circular economy and UI. It allows people to change their transactions to make sure that they are confirmed on the blockchain, to adjust their fee proportion after you have set and submitted it. This is useful given the fee market is constantly changing and might go up and stay up for longer periods of time when you need an important large transaction to go through. 

I think it is more controversial than it seems. I don't think that the occasional bounced transaction is such a problem for anyone and I am concerned that it moves trust from miners to the providers/sellers with account models which, as is very current lately, we obviously don't like. Zero-confirmation transfers do work on the bitcoin mainchain and do allow for near-instant transactions with a high level of certainty. They are very practical for vendors of real products and provide a good simple, private, honey pot-free user experience. People have said that they are insecure (you don't know you have the money for sure until it is "confirmed" in the blockchain), but they don't understand that there are no absolutes in this world and that they are better than many alternatives. We could ask how many confirmations it takes before you are sure?

Listen to this podcast for the details https://www.podpage.com/citadeldispatch/cd80-building-a-bitcoin-circular-economy-with-ziggamon/. The controversy is ongoing and the subject needs much more discussion. I don't want to lose Muun and Bitrefil. This is something that shadowy super coders could always do, but should there be a toggle? should it be on by default?




Lightning Cards

The Bolt Card NFC Card Creator is so freaking cool https://www.boltcard.org/