Damus

Recent Notes

Toby McMann profile picture
Growth, advances and adoption in Bitcoin start small and move slowly, despite reporting that tends to present value future potential.

But after 3-5 years, the reporting tends to be prescient and directionally correct -- even if not fully realized.

For example, 3-5 years ago nation state adoption was the trend. Samson Mow and Jack Mallers were front and center. But not much happened in that moment. El Salvador arguably went backwards accepting IMF loans, and all of Samson's predictions and conversations mostly failed to materialize, etc.

But now, we are seeing military adoption (also first discussed by Lowery years ago), and strategic reserves (maybe?).

As we think to the coming 3-5 years, prediction: The current euphoria around "digital credit" (as the latest "killer app"), and predicted hypergrowth of day-to-day payments (on Square terminals), etc -- all likely overstated.

It all takes time. But the trend is positive which speaks volumes to the genius and commitment of this community.

We are changing the world, and the change necessarily needs to be slow, if it is going to take root and succeed.


ODELL · 2d
i have been helping eugene on his bitcoin and nostr journey and have got to know him quite well. the film is exceptional. julian’s message is more important than ever. as bitcoiners we are in a u...
Toby McMann profile picture
Jack is on stage calling Julian and Snowden heroes, while getting his ego stroked for having funded this film. Really? And from the guy who let the government capture Twitter and censored the fuck out of Covid vaccine dissent, etc, etc? This talk should have been on a smaller stage, if at all.

Anita · 3d
I am boycotting these conferences too. Main speakers are a lot of government officials and it seems they threw out people with „Free Samourai“ signs. This is not the Bitcoin I advocate for. htt...
Toby McMann profile picture
The bitcoin conference has changed.

It is less about a freedom movement and new ideas / debate.

It is more about 30 minute commercials from big company executives talking their own books.

David Bailey, BTW, is not impressive and is cringy when he talks. I fear the conference decline reflects his mediocrity.

This is Andy · 5d
Network effects can expand and improve AI (or anything), but I would still view it as much less fundamentally dependant on network effects as something like bitcoin. A relatively small group of people can benefit from AI if they have the money to power it. A relatively small group of bitcoin users ...
This is Andy · 5d
Whether or not other people use AI, you generally benefit from it the same. If you're the only one using bitcoin, it doesnt help you out much. It doesnt require a human network of users interacting to work. No protocol. No common standard. You just either have it or you dont.
Joe Nakamoto · 1w
It’s a bit sad that my videos in zambia, Ghana, peru and les developed countries tend to underperform on youtube and socials. I have a coupe of amazing outliers from Kenya, but I think they truly ...
Toby McMann profile picture
Feels like your ego is hurt. I would suggest that you stop judging yourself by likes/views on YouTube, etc. Instead, prepare videos and live your life for the love of it -- unconditionally.

When your work reflects your true self, authentically, you will gain satisfaction and fulfillment -- no matter what. Then, you will have happiness. You will be alive. Not a slave to others, or whether they "like or subscribe" or not.

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Joe Nakamoto · 5d
Sounds like you are financially free! Nice