Huxley on Nostr: Excellent discussion on the merits and incentives behind 'speculative ...
Excellent discussion on the merits and incentives behind 'speculative philanthropy'...
I have always been keenly aware that the time and sats that goes into supporting projects on Geyser, teaching with My First Bitcoin, all the work being done at Cyphermunk House (nprofile…6x8w) is unlikely to make a monetary return on investment; holding bitcoin outperforms.
However, the unquantifiable return of spreading the understanding and appreciation of bitcoin has always been worth it. I should lean into this even more and give up my fiat-minded delusions!
For example, I stand to make a few thousand sats for every Turing Trust node I am selling on PlebeianMarket (nprofile…s7vx). It's not really worth the effort if viewed through cold, hard sats.
BUT I provide U.K. bitcoiners with an easy and cost-effective way to run a node and each machine raises sats for the Turing Trust and for Start 9.
Given that I haven't sold a single machine yet, I will likely lose sats compared to if I'd just held in cold storage. But that's not the point. At the end of May I am going to meet James Turing and his team in Edinburgh to help with their custody and with every machine that I (eventually) sell it decentralises Bitcoin AND helps to send computers to school kids in Malawi.
What is that worth? Its priceless!
Now to find ways to combine speculative philanthropy with speculative attack...
Encouraging and thought-provoking words from bitcoinpierre (nprofile…0asp) and bitstein (nprofile…sj69)
THANK YOU!
Warmly recommended.
https://youtu.be/aEKu3kIv89ss
I have always been keenly aware that the time and sats that goes into supporting projects on Geyser, teaching with My First Bitcoin, all the work being done at Cyphermunk House (nprofile…6x8w) is unlikely to make a monetary return on investment; holding bitcoin outperforms.
However, the unquantifiable return of spreading the understanding and appreciation of bitcoin has always been worth it. I should lean into this even more and give up my fiat-minded delusions!
For example, I stand to make a few thousand sats for every Turing Trust node I am selling on PlebeianMarket (nprofile…s7vx). It's not really worth the effort if viewed through cold, hard sats.
BUT I provide U.K. bitcoiners with an easy and cost-effective way to run a node and each machine raises sats for the Turing Trust and for Start 9.
Given that I haven't sold a single machine yet, I will likely lose sats compared to if I'd just held in cold storage. But that's not the point. At the end of May I am going to meet James Turing and his team in Edinburgh to help with their custody and with every machine that I (eventually) sell it decentralises Bitcoin AND helps to send computers to school kids in Malawi.
What is that worth? Its priceless!
Now to find ways to combine speculative philanthropy with speculative attack...
Encouraging and thought-provoking words from bitcoinpierre (nprofile…0asp) and bitstein (nprofile…sj69)
THANK YOU!
Warmly recommended.
https://youtu.be/aEKu3kIv89ss