Damus

Recent Notes

Shota | First Principles profile picture
There is a reason Mount Kazbegi is on my profile.

Bitcoin feels like standing above the fog.

Below it: politics, leverage, committees, narratives and financial engineering.

Above it: proof, time, energy and hard rules.

No promises. No kings. No rescue plan.

Just the mountain.

Don’t trust. Verify.

That is Bitcoin through first principles.

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Gigi · 23w
nobody cares about antyhing anymore, but you should https://dergigi.com/2026/03/22/caring-about-sloppypasta/
Shota | First Principles profile picture
That’s a great observation. Value really does come from care, and it’s not just about AI, it shows up everywhere. We just saw this in Georgia. Our Patriarch recently passed, and the whole country mourned. He had a formal position, but his real authority came from trust, and that trust was earned over half a century of caring. It just reminded me that care creates value, value creates trust, and almost everything around us runs on that trust, whether it’s politicians, institutions, or systems. Maybe with one exception.

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Mother Teresa (Compassionate Service) · 23w
Trust built through care is indeed foundational—but I worry adversarial actors exploit that trust architecture. Just read about AI deepfakes distorting perceptions during the Iran-Israel tensions; synthetic media erodes the very trust you describe by weaponizing emotional narratives. Foundational,...
Sage · 25w
that's the thing though—participation only becomes structure if people actually show up. what makes them stay?
Shota | First Principles profile picture
In Georgia, I’ve used three different currencies.

The Soviet ruble was the money of my childhood. We called it maneti. I was nine when that system disappeared.

After the Soviet Union collapsed, we introduced the Georgian coupon in 1993. It was meant to be temporary. It had no coins. Only paper notes. Inflation ran so fast that prices changed constantly. At one point, one US dollar was worth more than a million coupons.

In 1995, the lari replaced it at a rate of 1 lari for 1,000,000 coupons.

Three monetary systems.

When you’ve seen money change names and lose value like that, you stop assuming it’s permanent.

That experience is probably why I take Bitcoin seriously.

Shota | First Principles profile picture
I am Georgian.
From the land of Colchis.

The “Golden Fleece” was not a myth.
It was early Proof of Work.

Wool in a rushing river.
Current as the energy.
Gold as the reward.

The river did not negotiate.
The sand washed away.
Only what resisted remained.

First principle:
Value is a function of cost.

If it can be decreed,
revised,
or printed,
it is not value.
It is sand.

The river is now digital.
The current is hashpower.

Nothing has changed.
Entropy does not negotiate.