anil
Anil

teaching #bitcoin

Public Key

npub14hn6p34vegy4ckeklz8jq93mendym9asw8z2ej87x2wuwf8werasc6a32x

NIP-05 Address

anil@bitcoinnostr.com

NIP-57 Address

anil@getalby.com

Profile Code

nprofile1qqs2meaqc6kv5z2utvm03reqzcauekjdj7c8r39verlr98w8ynhv37cpz3mhxue69uhkummnw3ezummcw3ezuer9wcwc5lv3

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nostr.oxtr.dev

Author Public Key

npub14hn6p34vegy4ckeklz8jq93mendym9asw8z2ej87x2wuwf8werasc6a32x

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Last Notes

2024-08-18 04:59:47

Just buy index funds they said.
It will work out great they said. https://image.nostr.build/74646b6a6f9c70aff38aa7b53f9b17748f2366b05bc346413304e0c2b3ab00a7.jpg

2024-08-16 04:17:35

1,000 songs in your pocket.
https://image.nostr.build/949b9fb96ab81b872c1fdd67fac4167f44267bad93cbbfc6edb1879ccfc4c82d.jpg

2024-08-07 21:55:52

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Yep, npub QR will be on the last slide of my bitcoin2024 talk (when it's published) to confirm.

2024-05-16 17:23:58

The money in your bank account is not yours, not money, and not there.

2024-05-09 02:22:30

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You've got to make money to spend money.

2024-04-16 18:08:02

Bitcoin breaks the duopoly.
https://image.nostr.build/047fcb2157c7700ca0c5db491e25e3db54563ff52c252c31b9cd05f9a25e8ca7.jpg

2024-04-14 17:19:12

Bitcoin will be the primary engine of prosperity of the 21st century. https://image.nostr.build/1bce83a6a8095e3d7e04dd165d03a101b1cf69a1791547b14b659b88b964ec70.jpg

2024-04-14 17:13:19

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I came for the free speech, but I stayed for the Gigi.

2024-03-26 03:12:44

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a wonderfully written piece 👌

2024-03-04 22:39:59

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Thanks for the msg. I wish you all the best educating your local community- nothing is more important. 🙏🤙

2024-03-04 22:39:04

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Just an email required. Use a burner.

2024-03-04 22:38:44

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🫡

2024-03-04 22:38:35

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V4V FTW

2024-03-04 21:39:16

I spent 6 MONTHS building the most effective bitcoin course for visual learners.
All my best content in 2hrs of narrated videos.
High-level, non-technical & self-paced.
Previously $99. Today it becomes FREE.
Enjoy🤙
*All previous students will be offered a full refund via email.
https://bitcoincourse.io

2024-02-27 20:31:31

Michael Saylor is an intense guy.
https://m.primal.net/HfiH.png

2024-01-18 16:19:59

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🙏

2024-01-18 15:55:59

ANNOUNCEMENT:
Knowledge deserves to be free.
From today, anyone can download 📕The Bitcoin Handbook as a free PDF.
Enjoy 🤙
www.thebitcoinhandbook.com

2023-12-06 23:32:41

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That's awesome. Keep up the good work, sir!

2023-09-19 16:55:22

proof of work creates the will to work.

2023-08-28 16:52:10

Achievement unlocked.
https://cdn.nostr.build/i/189bf01963aa569ded69ea2049986e47788f313471edc5cec04ce6f088f6e859.jpg

2023-08-26 17:04:35

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https://cdn.nostr.build/i/03cd44b314a8c26c4657273ae8b9bfaea6a92a34a944be3f589fed6e1df39d36.jpg

2023-08-26 16:57:10

Want to really piss off the government?
Learn basic economics.
They spend a lot of their time and your money to prevent this.

2023-08-22 19:00:06

Publisher just released a premium matte version of The Bitcoin Handbook.
Currently only available to 🇪🇺EU customers via the Konsesnus shop. I also have a handful of copies that I'll sign & ship within 🇺🇸&🇨🇦 (DM,⚡only, $40+📦).
https://cdn.nostr.build/i/6194562f0556a9a93c7d032da907c8dc9b52bfce24f21b3c6bff4b77d501b908.jpg

2023-08-11 19:47:23

If you don't know what this is, I want to follow you.
https://cdn.nostr.build/i/8463165b6bc22abd67c8a3cdc23c98e7643cec5ca16002638e59f3daa108b257.jpg

2023-08-07 20:29:50

When inflationary fiat systems are the default setting for someone's understanding of the world, money that doesn't have dilution risk seems alien.
https://cdn.nostr.build/i/4614f5a2c95c2ec646f66fd83d8ea5665e380bd29a8b4ee807d06101a1faf06b.jpg

2023-08-05 19:22:59

Take a look at this recent CBO projection.
Then recognize that the CBO is often wrong because their projections are overly optimistic.
https://cdn.nostr.build/i/7ddcf0fe8b99beaa5ec463250aab48c69f698693a5a9f47ad1459b10444e8723.jpg

2023-07-14 04:33:12

My understanding and appreciation of bitcoin has been shaped by a handful of essays that brilliantly capture its unique properties and potential.
Here's my reading list:
⛪The Bitcoin Reformation by Tuur Demeester
"The 21st century emergence of Bitcoin, encryption, the internet, and millennials are more than just trends; they herald a wave of change.."
👑Masters and Slaves of Money by Robert Breedlove
"An exclusive right to produce money without regard for competitive market pressures is an apparatus of enslavement"
🥇Bitcoin Obsoletes All Other Money by Parker Lewis
"It does not matter how complex bitcoin is. At the end of the day, bitcoin becomes an A/B test. The need for money is real and individuals will converge on the form of money that best fulfills the function of exchange."
🏎️Economics of Bitcoin as a Settlement Network by Saifedean Ammous
“Using Bitcoin for consumer purchases is akin to driving a Concorde jet down the street to pick up groceries: a ridiculously expensive waste of an astonishing tool."
💯The Bitcoin Central Bank’s Perfect Monetary Policy by Pierre Rochard
"The BCB enforces the strictest deposit regulations in the world by requiring full reserves for all accounts."
🐂The Bullish Case for Bitcoin by Vijay Boyapati
"If Bitcoin exists for 20 years, there will be near-universal confidence that it will be available forever, much as people believe the Internet is a permanent feature of the modern world."
🏴‍☠️Bitcoin Becomes the Flag of Technology by Balaji
"Bitcoin is not about accomplishing change through folk activism. It's a network-based phenomenon which has accomplished a revolution in monetary policy through a billion private actions."
🛑Can Governments Stop Bitcoin? by Alex Gladstein
"The rich and powerful will always design systems that benefit them before everyone else. The genius of Bitcoin is to take advantage of that.."
⏱️Bitcoin is Time by Gigi
"if we want to have trustless money in the digital realm, we must remove any entity that creates and manages timestamps and any single entity that is in charge of time itself."
😈Everyone’s A Scammer by Michael Goldstein
"Long term investors should use Bitcoin as their unit of account and every single investment should be compared to the expected returns of Bitcoin."
🛶Bitcoin is Venice by Allen Farrington
"Modern banking is the legacy of a problem that technology has since solved. [Bitcoin] is a foundation to scale the next great phase of economic progress."
🖨️Stone Ridge Shareholder Letter (2020) by Ross Stevens
"You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you."
📡Bitcoin Miners Beware by StopAndDecrypt
"No matter who you are, or how big your company is, your transaction won’t propagate if it’s invalid."
🧩Bitcoin Is Worse Is Better by Gwern
"The interesting thing is that all the pieces were in place for at least 8 years before Satoshi’s publication.."
🎓Why the Yuppie Elite Dismiss Bitcoin by Jesse Myers
"When you’re in the ivory tower, you think the term 'ivory tower' is a silly misrepresentation of your very normal life; when you’re no longer in the ivory tower, you realize how willfully out of touch you were with the world."
🧰Decentralization: Why Dumb Networks are Better by Andreas Antonopolous
"Bitcoin allows any application to be developed independently, without permission, on the edge of the network."
🐚Shelling Out: The Origins of Money by Nick Szabo
"if money is not just coins or notes issued by a government under legal tender laws, but rather can be a wide variety of objects – then just what is money anyway?"
🪨It’s the Settlement Assurances, Stupid by Nic Carter
"You can create something which looks cosmetically similar to Bitcoin, but you cannot replicate the settlement assurances which derive from the costliness of the ledger."
🦈The Greatest Game by Jeff Booth
"The best way for people to understand how important Bitcoin is for the future, is to first understand how the existing system amplifies insecurity and how a change to a different monetary policy would produce infinitely better results."
⚖️Bitcoin Reveals Exchange Rate Manipulation and Detects Capital Controls by Gina Pieters
"Bitcoin can approximate unofficial exchange rates which, in turn, can be used to detect both the existence and the magnitude of the distortion caused by capital controls and exchange rate manipulations."
🫂Bitcoin and Me by Hal Finney
"When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs."
Links to all essays: https://www.teachingbtc.com/essays/

2023-07-13 04:54:18

What people consider money changes over time as innovation alters the incentives of holding one form vs. another.
Choose the hardest money or get demonetized.
https://nostr.build/i/dfa569e48ef327c271498dbc3e2096a57578deccf11a2db1e72c6cff33524e5a.jpg

2023-07-02 21:31:05

The total addressable market for bitcoin is everything everywhere all at once.
1. Draining Monetary Premiums:
•Investment Real Estate
•Precious Metals
•Corporate Bonds
•Gov't Bonds
•Equities
•Physical Collectibles
2. Re-denominating Existing Business Models:
•Insurance Policies
•Credit Card Rewards
•Loyalty Programs
•Salaries
•Lotteries & Gaming
•Savings & Loans
3. Replacing Fiat Weightings in Portfolios:
•Pension Funds
•Endowments
•Mutual Funds
•Corporate Treasuries
•Sovereign Wealth Funds

2023-06-24 18:05:25

The 5 most difficult words in the English language:
"I was wrong about bitcoin."

2023-06-02 00:37:10

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Buy direct from the publisher, pay in sats, ships worldwide.
https://bitcoinbook.shop/products/the-bitcoin-handbook

2023-05-10 19:14:34

https://i.imgur.com/n9H822C.png

2023-04-27 04:54:18

Announcing this 1 day early here on Nostr.
https://i.imgur.com/11R1owf.png
The Bitcoin Handbook is a collection of key concepts for understanding the most significant monetary innovation of the century.
And it's now available in hardcover for the very first time.
With a foreword graciously written by Jeff Booth, the book spans the fields of economics, technology, and psychology.
I hope it can earn a place on your bookshelf.
Amazon: a.co/d/5wDCLvT
⚡: bit.ly/3Ayy3Hm

2023-04-10 19:14:13

https://i.imgur.com/GTEBjKd.png
My latest book has a fresh title and is finally being released in hardcover thanks to Konsensus Publishing.
"The Bitcoin Handbook: Key Concepts in Economics, Technology, and Psychology"
It's a collection of what I believe to be the most useful heuristics, frameworks and phenomena for making sense of bitcoin.
Pre-oder today (⚡️accepted):
http://bit.ly/3Gusgpw

2023-04-06 20:47:11

The Bitcoin Standard by Saifedean Ammous is one the most helpful books in exploring the relationship between the soundness of money & time preference.
https://nostr.build/i/nostr.build_029735b769d4ba240c3273e7639051494cc498f4c175c75fa96054636c4851a2.jpg
“Sound money is chosen freely on the market for its salability, because it holds its value across time, because it can transfer value effectively across space, and because it can be divided and grouped into small and large scales..”
https://nostr.build/i/nostr.build_5105e33b6b1ece706e491bc136c7a0d2d6da19a4fb7cd69f7417b7914e0e6d5e.jpg
“One of the prime functions of the monetary unit is to serve as the unit of measure for economic goods, whose value is constantly changing.
A theoretically ideal money would be one whose supply is fixed..”
https://nostr.build/i/nostr.build_f7d7b40dd30d4bc317e90ea09f8e2c0f754cc3b2cbf5460a0a5f34117e037dd2.jpg
“[It’s] supply cannot be manipulated by a coercive authority that imposes its use on others.”
https://nostr.build/i/nostr.build_2e4af0cffdec3746ff3fcce1f6e6dadfb14bd5fd61500da5b23aa6fee1a52239.jpg
“Unsound money, being controlled by central banks whose express mission is to keep inflation positive, will offer little incentive for holders to keep it, as they become more likely to spend it or to borrow it." https://nostr.build/i/nostr.build_ffcd700b37c6eb116a59584f2d0ff66e5524ba518cfb6aef4c14b6ba473342ec.jpg
Sound money "gives people a bigger incentive to think of their future..
[because] the wealth stored into it would not depreciate over time, incentivizing people to save.
https://nostr.build/i/nostr.build_5fef7e30ed378b41670d95ad770853f43832cf4eccf4587bd026fcd69516e344.jpg
Sound money is a prime factor in determining individual time preference: the ratio at which individuals value the present compared to the future.
Because humans do not live eternally...there is always a discount on the future compared to the present."
https://nostr.build/i/nostr.build_b52dca8f41ea1e7d3465944f81f53f45243d7aa24b7b7bd3c4a5ecf6c16eac14.jpg
“Human beings' lower time preference allows us to curb our instinctive and animalistic impulses, think of what is better for our future, and act rationally rather than impulsively.”
https://nostr.build/i/nostr.build_dabd1f74663b39c662b03e427af62319841d3ab503dc5e7161d61f6a0adf3a26.jpg
Determinants of Time Preference:
1. Security of person (exposure to conflict or violence)
2. Security of property (exposure to criminal theft or govt expropriation)
3. Tax rates (does it incentivize working more or less at the margin?)
4. Expected future value of money (will it hold its value?)
https://nostr.build/i/nostr.build_8255553d2f24e02f640a32dd3ca06634db9d04c6ded935738142c83db184cd21.jpg
The essence of investment: "as humans delay immediate gratification, they invest their time and resources in the production of capital goods which will make production more sophisticated or technologically advanced and extend it over a longer time‐horizon..
The fisherman who builds a fishing rod is able to catch more fish per hour than the fisherman hunting with his bare hands. But the only way to build the rod is to dedicate an initial amount of time to work that does not produce edible fish, but instead produces a fishing rod.." https://nostr.build/i/nostr.build_dabd1f74663b39c662b03e427af62319841d3ab503dc5e7161d61f6a0adf3a26.jpg
“A society in which individuals bequeath their children more than what they received from their parents is a civilized society: it is a place where life is improving, and people live with a purpose of making the next generation’s lives better.”

2023-04-04 20:33:07

RIP paid ads
https://i.imgur.com/I14Ajzz.png

2023-04-04 17:25:23

"Don't criticize what you can't understand."
—Bob Dylan
https://i.imgur.com/00gGGFc.png

2023-04-04 15:57:22

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🙏🤙

2023-03-28 16:05:44

What Johannes Gutenberg and Satoshi Nakamoto unleashed would prove to have ramifications far greater than anyone could have imagined at the respective time.
Their information-freeing innovations challenged stale and burdensome institutions, ripe for grass-roots disruption.
https://i.imgur.com/ih9Rgdq.png

2023-03-27 20:04:37

This presentation deck is 112 slides of pure first principles. It's an essential resource for educating others about bitcoin. I put 100's of hours into it.
And it's now free for anyone and everyone.
PV🤙
https://anilsaidso.gumroad.com/l/bitcoin

2023-03-26 22:06:35

Bitcoin is kind of a big deal.
https://i.imgur.com/bb7FkNb.png

2023-03-24 02:29:43

bitcoin enables the transmission of value at speed, size, and scale never before witnessed by humans
https://i.imgur.com/8nrAwc2.jpg

2023-03-19 21:04:04

Don't trust, verify.
https://i.imgur.com/VRJIONp.jpg

2023-03-19 16:05:14

https://i.imgur.com/NoDEk2h.png

2023-03-18 16:54:18

Greater fidelity.
Greater finality.
Greater certainty.
https://i.imgur.com/0OshyLj.png

2023-03-14 21:11:29

So good, it sells itself.
https://i.imgur.com/W5cg6Zh.png

2023-03-08 05:52:51

Both are just a bunch of 1's and 0's.
But only one is money.
https://i.imgur.com/Ex9X7Bd.png

2023-03-06 08:16:36

Bitcoin demands humility.
https://i.imgur.com/s65KPxv.png

2023-03-05 15:22:04

Protect yourself against the oncoming storm.
https://i.imgur.com/9pUY8rb.png

2023-03-04 23:49:05

Money with integrity attracts people with integrity.

2023-03-04 04:19:39

Disruptive technologies can come to define a generation.
Children born today will never know a world without bitcoin.
https://i.imgur.com/2sJa7UW.png

2023-03-03 22:04:29

Money that has no cost to produce will be produced ad infinitum.
https://i.imgur.com/G6Zb7HO.png

2023-03-03 03:58:07

A finite unit for measuring value enables greater precision in economic calculation over long time horizons where fiat has proven unreliable.
https://i.imgur.com/80dKlNa.png

2023-03-02 18:02:59

Same shit.
Different day.
https://i.imgur.com/YTh4gtR.png

2023-03-02 16:18:44

Capital allocators face career risk for betting on new technologies too early in their adoption curve.
But eventually this flips and it can then be career-ending to continue to ignore a permanent shift in consumer behaviour.
Ignore bitcoin at your own peril.
https://i.imgur.com/5eFwi4d.png

2023-03-02 07:42:54

Through the process of innovation, we come up with ways to get more output from less inputs.
This naturally drives costs down over time.
A monetary system that requires ever-increasing prices is incompatible with the deflationary force of innovation.
https://i.postimg.cc/y8DLWV11/Clean-Shot-2023-03-01-at-23-39-10-2x.png

2023-03-01 04:06:09

Inflation isn’t always obvious.
It’s often intentionally hidden.
https://i.imgur.com/lt0eFli.png

2023-02-28 05:11:29

Upgrade your monetary OS.
https://i.imgur.com/gnVSmBN.png

2023-02-27 18:31:28

Bitcoin is water.
Shitcoins are soda.

2023-02-26 01:31:42

Bitcoin evolved from decades of collective wisdom.
The result was the methodical elimination of central points of failure and regulatory attack vectors.
https://i.imgur.com/WzbpzJI.png

2023-02-25 23:17:28

Bitcoin is the sum of many existing pieces.
The white paper lays out how they are woven together and what purpose they serve.
https://i.imgur.com/5mvxrc0.png

2023-02-25 16:52:00

Many can identify symptoms.
Some can identify the root cause.
Few can identify the solution.
https://i.imgur.com/2tGbseX.png

2023-02-25 15:47:53

Money is technology.
https://i.imgur.com/HaeBlu1.png

2023-02-24 15:35:22

Stay humble, zap sats.
https://i.imgur.com/fKLIssp.jpg

2023-02-20 23:33:06

Without labor, nothing prospers.
—Sophocles
https://i.imgur.com/rrS0ymv.png

2023-02-17 17:30:35

"History has always been a series of pendulum swings, but the individual doesn't have to get caught in that."
—Robert Johnson
https://i.imgur.com/Bgnnoir.png

2023-02-16 21:25:31

The one certainty of fiat- it always ends on a high note.
https://i.imgur.com/h2FAQZH.png

2023-02-16 19:24:28

- reply

https://i.imgur.com/48nWHo1.jpg

2023-02-16 19:07:55

https://i.imgur.com/A0DGN7Q.png

2023-02-16 16:15:42

Felt bad that we're single-handedly destroying the advertising model, so here's a Raytheon ad.
https://i.imgur.com/4xFMLHj.jpg

2023-02-16 15:54:35

https://i.imgur.com/02HEn4D.png