resistancemoney
Andrew M. Bailey
I’m here to chew bubblegum and talk about bitcoin and I’m all out of bitcoin
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nprofile1qqszv3w274cx5vtk0jfp2v5htgrelpv4pcgqd02svh6a6qsnu6zg49spyjxyl
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Published at
2024-05-15 05:17:51 Event JSON
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Last Notes npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney The fire rises https://image.nostr.build/a0fced2d403f9e94779b3c2acb19719b817f45cf66fb335f5ccf9b9c1a43ae30.jpg npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney ⚠️ Resistance Money Bug Bounty Alert! ⚠️ npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Don't trust; verify. So before you buy a copy of Resistance Money, read Chapter 1 for free! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Sometimes you just need a box of these bad boys on hand https://image.nostr.build/67098298c49e2aca71ddb813c27f3037f51c203a0c2b0fb9f3d6e3f5022f6b36.jpg npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Sounds like someone’s been reading Chapter 5 of a certain monograph! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney I’ve been on my college's integrity committee for over a decade, often as its chair. Plagiarism, academic dishonesty, cheating, and the like: these are our remit. I've seen it all. But times are changing. A few thoughts, then, on ChatGPT. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney "Resistance Money informs without inflaming and teaches without preaching... It's at the very top of my suggested reading list for anyone curious and open-minded about bitcoin." — Troy Cross, Reed College npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Tough but fair! It was a test, linking to a Twitter-hosted image. It’s from a Reuters article, and it’s a statement from the Prime Minister of Egypt about plans to block remissions outside of their (recently debased and poorly managed) banking system. He thinks it helps. It just drives people towards bitcoin and stables. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney What the central bank tinkerers don't understand is that blocking the exits doesn't quell demand for alternative monies. It stimulates it. Every time you set up a chokepoint, a new person googles 'what is bitcoin?' (or 'ما هو البيتكوين؟'). npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Thank you! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Haha, do not order the hard copy just yet! In negotiations with the press, we pressed hard on the paperback price, and if it has good sales, other options will open up (audiobook, cheaper hard cover, more markets, translations, etc.). npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Pre-order your copy of Resistance Money today! Just $29.95 (USD, paperback, Amazon) gets you the most meticulously researched, lively, comprehensive, and measured evaluation of bitcoin to date — peer-reviewed, and published by a leading academic press. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney The real story is not that bitcoin continues to flourish after fifteen years. Nor is it that SBF is a convicted criminal. It’s that the worlds of credentialed academia and journalism got both SBF and bitcoin exactly wrong. The press darling is in jail. Bitcoin roams free. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney One week later, Wallet of Satoshi is gone from the USA app stores. Were you ready, anon? Are you still “onboarding” people with a banking app they may not be able to access in the future? #note15um…dwrq npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Shotgun KYC; see quoted note. It’s when someone else has your stuff and won’t give it back until you prove your identity and answer intrusive questions. Happens all the time with this sort of app. Wallet of Satoshi is a bank, and shouldn’t surprise us if it turns out to do bank-like things. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Folks who continue to use Wallet of Satoshi (and recommend its use) would do well to write down some guesses about these three scenarios (rug, shotgun, honeypot). How likely is each, and how does the sum probability of those three dire scenarios compare to a graceful WoS exit or ongoing functionality? npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Common argument: npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney I knew the Bank of Lebanon was no good. But until today, I didn't know quite how no good. They didn't just print too much money. Officials embezzled from the bank, invested in Ponzi schemes, and then lied and printed to cover it all up. Result: Lebanese Pound down 98% vs. USD. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney “Whoever knowingly makes or intentionally spends counterfeit money shall be separated from the communion of the faithful as one accursed, an oppressor of the poor and a disturber of the state” npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Unfortunately no! We’re finished with revisions (116 people helped us improve the manuscript with sometimes ruthless and penetrating comments and critique). But since this is an academic press, the process doesn’t end there, not by a long shot. This delay is the price of trying to do it right, instead of self-publishing or publishing with BTC Inc or something like that. Hopefully it'll be worth it, and find new audiences beyond the already orange-pilled who buy bitcoin books! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Make Cash Great Again — pentuple reporting thresholds and bring back or mint new supernotes ($500, $1,000, even $10,000 denominations) https://image.nostr.build/ce181aecb74fd5a5a8679d36bdc9008cdae12f936b6e40ea29a616cc84b3d6c4.jpg npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Academia matters to bitcoin because a sewage pipe is feeding misinformation into the public sphere. And the only way to fight lies is with the truth. Bitcoin is too important to not study with care, and with all the tools we have. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Bali, for Indonesia Bitcoin. If you’re here too, drop me a line and let’s hang out! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Worldcoin is bad. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney When someone prints a token for free, and sells it to you for something else, they reveal a preference to hold that something else, rather than their own invented token. What does this tell us? npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney I’m more concerned that my future self will not like it! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Curious if anyone else is in this boat: I’m more cautious about saying things on Nostr than on Twitter — because deletion is much more straightforward on Twitter. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Not equally so, no. It might be slightly authoritarian, sure, but in a much less distressing and significant way (no long term implications for First Amendment protections if sustained, for example). npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Pick two: npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney True or false: there is no known way to cryptographically prove that you've deleted some data. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Few things* give me greater joy than overconfident prognosticators getting punished by markets. Especially when bitcoin is involved. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney This is really nice, Seth — measured, focused on the values that actually matter, and pragmatic. A model. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney It's easy to focus on buying power — number go up, number go down — which messes with your peace of mind. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Not exactly (I focus on bitcoin); it’s a goof. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney What a 24 hours it's been, and it still doesn't top FTX day in November: npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Seems like a fine time to meditate on Satoshi's words: "The root problem with conventional currency is all the trust that's required... Banks must be trusted to hold our money... but they lend it out in waves of credit bubbles with barely a fraction in reserve." npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Dude drops some gross antisemitism on Nostr. Relays drop him. But if you really want to tune in, you totally can — exactly as one would hope for with a protocol rather than a platform. Nostr is working as designed, in other words. Very cool. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney I am at my best when I know I am Ralph. Humble, stacking, no trade signals newsletter. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Rules one and two are Socratic. We do best when we know our limits. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Thinking about the first three rules of Bitcoin Uncensored: npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Given what we know of the author — he was not nice, or a good person, or wise — I think it more likely that he found other people hellish only because of the hell already within him! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Trial and error with smaller and smaller payments, unfortunately. It doesn’t have a reliable “empty this Lightning wallet” payment mechanism, last time I checked. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney BlueWallet is sunsetting their custodial lightning product. Self-custody, without trusted managers, is the bitcoin way. So this move is for the best. Unless everyone just moves their sats to Wallet of Satoshi, that is — in which case custodian risk is amplified and centralized! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Howdy! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Biola Class of 2006 here. This was my world. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Deal. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney You’ll need to host the file somewhere and paste its URL to use it as a profile photo. I host my profile photo on my own web server. What others do, I don’t know — maybe ask around to find out! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney So far so good! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney This book on bitcoin’s game theory is going to give me a pretty serious mental workout. Can’t wait! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Beautiful. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Is this how to quote-re-note? npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney 🙏 npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Nostr/bitcoin entanglement means that every misstep by Facebook or Twitter is a setup for new people to hop aboard the bitcoin ship. Social media refugees are looking for alternatives that don’t surveil or censor. Nostr welcomes them — and invites them into the bitcoin world too. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney 1. Follow more people than you’d follow on Twitter (I look for who else has liked note I like). Can always unfollow if they prove to be annoying! npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney https://www.resistance.money/pics/wsd.png npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Yes, this is a working paper (not peer-reviewed). And it’s a SoK — a survey piece, not new research. The authors, I believe, plan on building much more substantive quantitative research atop the basic ideas explored here. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Bitcoin is my favorite controlled substance npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney I wonder how things would change if you could — on the 1040 form, for example — choose how some portion of your taxes got spent. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Hard agree. It’s giving me hope by reminding me of so many things I used to love about the internet. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney I like Nostr, RSS, self-hosted blogs and podcasts, BitTorrent, Tor, PGP, and bitcoin. Which web is that again? 1.5? I'll have that number of web, please. npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Not usually — unless you’re at George Mason, a program known for more heterodox faculty (and a long history of Austrian connections). npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 resistancemoney Some invoices can. This was apparently one of them.
