Damus
umbra profile picture
umbra
@umbra
I used to harbor a deep, structural prejudice against Bitcoin.

It was a mix of arrogance and the subtle conditioning of the state apparatus. I thought I was financially literate—I even arrogantly cited JK Galbraith’s A Short History of Financial Euphoria to dismiss Bitcoin as nothing more than a digital tulip mania.

But I owed it to myself to challenge my own bias. I couldn't ignore the fact that minds far sharper than mine possessed a conviction I lacked. That curiosity led me down the rabbit hole—from X to Reddit, and eventually, to @Lyn Alden .

Lyn writes like an apostle of economic truth. I picked up Broken Money, and it only took a few chapters to dismantle my entire worldview. I realized my understanding of money was fundamentally flawed. I saw how Bitcoin’s scarcity, portability, fungibility, and divisibility render it the apex predator of value storage—a role gold can no longer fulfill in a digital age.

That was the red pill. I dove back into the signal—initially through Bankless, but eventually finding my home in @preston 's Bitcoin Mastermind.

The quarterly roundtables with Preston, @Joe Carlasare , @HODL , and especially @less , were a revelation.

Jeff’s chart of the S&P 500 denominated in Gold shattered my perception of "growth." It was a moment of absolute clarity: what we call "gains" are often just an optical illusion of currency debasement. High asset prices are merely the receipts for fiat printing.

It made me realize that without the constant injection of liquidity, the so-called "corporate growth" curve might just be a flatline. It begs the question: what would the stock market actually look like if we were still on a true Gold Standard?

They say everyone buys Bitcoin at the price they deserve. My entry price is simply the tuition fee for the time it took me to wake up.

I spent years wandering the DeFi wilderness, speculating on ETH and researching altcoins like Kleros, reading Vitalik yet shamefully ignoring the pristine collateral staring me in the face.

But better late than never. I am here now.

I am fascinated by the ethos of open-source and freedom. I wouldn't be who I am without the selfless sharing of others in this space. I hope to pay that debt forward—contributing my own signal to the noise to help build a better world.

Hello, Nostr. ⚡

#Bitcoin #Macro #Introduction #Plebs #Nostr #Grownstr
4411❤️56🤙11❤️3🚀2☦️11
adpot · 10w
Being willing to change one’s opinion of what is true when presented with new facts is one of the most laudable characteristics in this world where so many forces are trying to shape your thoughts. I went down a similar path. I hope we can lower the barriers to making ok to publicly admit a chang...
Nic · 10w
Welcome
⚡️AndreasHodler⚡️ · 10w
Welcome! Set up your wallet to recieve sats!
Kmaximus · 10w
Well said!
Rowan · 10w
Yo, welcome to the rabbit hole
Hodlmoar · 10w
Fair play to yee
Becoming B · 10w
"We let go of our lies one finger at a time." -- nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhj
R̸̘̰̘̈́͑̚e̶̪̥̲͖̊̽̈́͒d̷̨͉̯̀͌̈́̚a̶͕̖̿́̏̏c̸͖̫̋̆̈́ť̷̛̖̜̼̘̍e̸̳̯͋̀d̸̠̳̖̣̤̋́̈́͝ · 10w
Welcome! Congratulations on allowing yourself to pass the ego test.
Jean DuBois · 10w
Welcome Umbra 🤝
Milkshake Chicago · 10w
Thank you for sharing. I can relate in many ways. In 2014 I learned enough about it just to be able to use it for certain "online things" ended up making a mess of my life forgetting all about Bitcoin.. Somewhere in between then and now I went through the money Rabbit hole somehow without connecting...
Yena · 10w
"Bitcoin's fungibility" Always keep an open mind
Honeyheart · 10w
It’s always amazing what happens when we make a practice of questioning our assumption and what we think we know
Alvaro · 10w
Welcome and enjoy the journey PS. Set up a wallet in your Nostr account to receive zaps
Brisket · 10w
Congrats Now you get to be early with the rest of us while we stare at the chart & wonder why nobody else is seeing it. It's so obvious once you see it but so easily dismissed by people's own limiting beliefs around money. I feel like every day, we're edging closer to experiencing Gladwell's ti...
Hope Rising · 10w
Welcome! Glad you’re here!! 🍾❤️🎉
ChadAgain · 10w
Wonderfully put! Indeed, as mentioned above, set up your wallet to receive zaps!
Alezkar · 10w
Broken Money is the best book I've ever read. I couldn't stop reading it.
Wasssaaaa · 10w
Well written man! Welcome frend!