SatoshiSkywalker

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SatoshiSkywalker
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BTC Class of ‘21. Padawan on the road to Master X: @BTCSkywalker21
Bitcoin ruins your perception of money Going to an all inclusive resort soon. Took out $200 in USD for tips. Forty 5 dollar bills. They are just pieces of paper. It’s basically pretend money. Coupons for little activities you can do in certain parts of the world . 10 years ago I would have been nervous holding that much value in my hands at once. Nowadays I can’t stop looking at the paper it’s printed on. A funny thought.
They are trying to shake you out They make quantum computing sound vague and confusing with no clear path to a solution They are trying to shake you out They are blowing the spam discussion so wildly out of proportion, going on and on about CP on the blockchain They are trying to shake you out They are pointing your focus in a million different directions They are trying to shake you out They are constructing narratives that make you question what you know to be true They are trying to shake you out They are offering you ETFs, leveraged stocks, and treasury companies for a “safer” way to get Bitcoin exposure They are trying to shake you out They are trying , and succeeding Don’t let them win
The weird thing about this cycle is noticing the phenomena happening to me that I was reading about a year ago. OG hodlers always talk about how hard it is to hodl. How it’s one of the hardest things they’ve ever done, how much pain it involves, how psychologically tormenting it all is. The crazy part is how right they are. I’ve studied bitcoin more this year than I can remember studying anything else in the past decade. At the same time, we are down on the year in terms of growth. I can explain in rough terms why that might be the case now. I can theorize why I think it’s not forever, and why I think bitcoin will continue to grow in the medium to long term. And yet, Hodling is still fucking difficult. Not physically (thanks to hardware), but spiritually . Never being able to silence that voice in your soul that says “but what if you’re wrong? What if everyone is wrong? What if you didn’t consider something? What if some random variable you discounted was actually a bigger threat than you realized?” These thoughts amplify themselves when Bitcoin move sideways for the better part of a year. People start yelling about quantum computing, AI, government regulation, distrust-worthy companies and hardware wallets, China banning Bitcoin for the millionth time. The narrative sentiment flows back and forth like jazz on water, unpredictable and fluid , yet riding the waves and pullbacks of price and liquidity. I run through the thought experiment where I look at my stack and ask myself “what if this were to vanish today?”. Sometimes every week, but lately , almost daily. It would likely turn my 5 year plan into a 10 year plan. It would mean starting over. Reassessing everything I think I know. Rebuild my financial independence from the ground up. It would be like the past year of saving money to stack sats was just erased from history. Going back to buying Vanguard index funds. Am I ok with this outcome? No. Do I anticipate it to happen? No. Have I been wrong before? Yes. Do I need to accept its possibility and be prepared in the event it happens? Yes . This is the risk we all sign up for without knowing it. However, when I go read my old Nostr posts, it helps to remind myself of where my head was at the time. So in a way, this is more of a diary entry to my future self. Reminding me to trust the conviction, and remember the plan. Jack Mallers said this in a recent podcast and it stuck with me. Future you is depending on present day you to execute on what you said yesterday that you would do today.
This is quickly becoming one of the most impactful books I’ve ever read. I’m only 20% through it and it’s already having a big effect on how I view my own career and responsibilities . I think both bitcoiners and business minded wagies like myself can learn a lot from the insights here. No excuses, total ownership. Anyone else on Nostr already read this masterpiece? image
Blows my mind that there are still so many “it’s going to zero” Bitcoin haters out there for absolutely no reason Next time someone says this to me I want to scream in their face. Why is it going to zero? What is the basis for your claim? What will that look like? Describe to me the events that will set in motion to trigger nearly $2 trillion to flee bitcoin and move somewhere else. Elaborate on the scenario in which the 9th most valuable asset by market cap on existence somehow goes from number 9 to zero. Go on! How long does that take? Do we all somehow wake up tomorrow and find it’s nuked to 0 overnight? Do you know something I don’t know? Do you know something that some of the smartest minds on the planet somehow haven’t realized? For sake of argument, let’s say it somehow does hit zero. How long does it stay there? Forever? It never goes above $0.00 ever again? What happens to the miners across the globe? How will they react? Will they just shrug their shoulders, turn off the miners, and walk away forever? What happens to the transactions currently awaiting the next block? What happens to the small businesses using as money right at this moment? What happens if bitcoin is worth $0, and I decide to go out and buy as many as I can for $0.01? Let me take a guess as to what lead you to believe that moronic idea; Your ego is hurt. You are jealous. You see thousands of people buying bitcoin, holding it for years, and seeing their net worth skyrocket, with seemingly no effort involved. Meanwhile , you stick to what you thought was good investment advice you for 20 , maybe 30 years ago, and avoid anything that’s perceived as marginally “risky”. Maybe you even heard about bitcoin when it was only a few hundred dollars. “Not for me” , you thought, “too risky. Too complicated.” You think you missed the proverbial boat. Hearing the word “bitcoin” reminds you of all the other times you ‘failed’ in life; all the other risks you didn’t take, all the other adventures you missed out on, all because you were too afraid. You have almost a gut reaction when you hear it come up. Minimize it. Deny it. Criticize it , without basis or any relevant knowledge. Don’t let others jump on the boat you missed out on. If you can’t get on it, why should they? I think THAT scenario is 10,000x more likely than Bitcoin suddenly going to “zero”.