Orange pilled my mate down the pub last night.
Honestly, it’s so simple once you explain it properly.
I told him Bitcoin is just money you hold yourself.
He liked that. Then he asked how you hold it.
So I explained you buy a hardware wallet, but obviously not that one, and not that one either.
Then I said don’t trust its randomness, you’ll want to generate your own entropy with dice.
He said “like Monopoly dice?”
Bless him.
No, mate. Casino-grade precision dice, and verify they’re fair first, because a biased die is a biased seed.
Then I said roll it 99 times.
He asked why not fewer.
I explained that anything less than 99 rolls gives you less entropy, and while 50 rolls and 12 words is technically unbreakable by every computer that will ever exist, we don’t do technically round here. We do 256 bits.
He asked what a bit was. I told him not to worry about it.
Then I explained you do this in a room with no phone, no smart speaker, no camera, ideally soundproofed, because the acoustics of a dice roll and your keystrokes are a side channel.
He’d gone quiet by then, so I gave him a minute.
Then I said you’ll want 3 seeds, not 1, because single points of failure are what wiped out 500 people last week. So that’s 297 dice rolls.
Then multisig, 2-of-3, and you’ll need to back up the descriptor as well as the words, because 3 seeds alone won’t rebuild the wallet, and yes, that’s a fourth thing to lose.
Then I said store the 3 backups in 3 separate locations, because if a burglar or a house fire gets two, you’ve achieved nothing.
He asked where.
I said somewhere fireproof, ideally stamped in steel, definitely not the loft.
Then I mentioned the Faraday bag.
And the airgap.
And that you sign transactions by waving QR codes at a Raspberry Pi you built yourself.
And that you should rehearse the whole thing on a parallel test network with fake coins first, obviously.
He asked what happens if he gets it wrong.
I said you lose everything forever, and nobody is coming to help you.
Anyway, that’s another one onboarded. 💪
How old were you when you realized your original plan of playing the hero at work, working relentlessly, doing way more than you were paid to do, and assuming you’d be rewarded without ever having to ask was a stupid idea?
@TheFlowHorse Brother, nothing coming from Ukraine is real. They've been posting official fake videos since day one in order to, quote, "boost morale." It's as if Hollywood became a country. They may be on the right side of history, but their methods are questionable at best.
@LeilaHormozi That's maybe the best way.
The fastest way to become confident is to lose interest, stop giving a f***, becoming ambivalent to any and all outcomes regarding the subject.
@LeilaHormozi That's maybe the best way.
The fastest way to become confident is to lose interest, stop giving a f***, becoming ambivalent to any and all outcomes regarding the subject.
I love being a rational optimist. As Matt Ridley described it: ‘rational, because I have arrived at optimism not through temperament or instinct, but by looking at the evidence.’
Dr. Mike Israetel on the economic fallacy he says explains why AI won't cause mass unemployment:
"Once we have 4 billion robots doing labor in the world, which we're like orders of magnitude off of that currently, then we've just only doubled the human workforce."
"From 1700 to today, we've 10 or 20x'd the human labor force. And, seemingly, the economy's not like, ah, we don't need any more people, that's enough. We could just consistently have better jobs and pay people even more money."
"This idea that robots are gonna show up and all of a sudden we're all completely unemployed makes a technical fallacy in economics called lump of labor fallacy. It's the idea that all the jobs currently are the only jobs that could be."
"Imagine in 1750, you're like, well, 98% of us work in farming, and then you come back from the future and you're like, you guys, 2% of people in the 1990s work in farming. It'd be like, so everyone's starving to death? Like, no, no, we're super fat, actually."
@misraetel
All these posts about "Europeans" are getting tiresome. I'm a European. Anyone who can afford an aircon, has one. Same for thick isolation, passive technologies etc. Those who don't are either old or poor people. It's not really a choice despite the political nonsense.
The amount of Europeans that don’t understand insulation is blowing my fuckkng mind.
IF IT KEEPS HEAT IN, IT CAN ALSO KEEP HEAT OUT. FUCK.
Do you have a different thermos for hot drinks and cold drinks? No, you have 1 fucking thermos because insulation is insulation.
I will never stop shouting this from the rooftops: the most underrated skill you’ll ever develop is the ability to genuinely enjoy your own life. Not someday, when you’ve healed enough, earned enough, or finally figured everything out. NOW. Because your life isn’t waiting for you somewhere in the future—it’s being built in the way you experience this ordinary Sunday, this cup of coffee, this conversation, this sunset, this breath.
We are PRIVATE citizens, the government should know very little if anything about us at all.
They are PUBLIC officials, we should know damn near everything about what they are doing.
The cameras are pointed the wrong way.