Damus

Recent Notes

Jeremy Chiang profile picture
Bitcoiners talk a lot about “incentives” and I’ve recently started to gain a better understanding:

On @Peter McCormack’s podcast, @Brandon Quittem does a great job of explaining that wanting to make everything fair and by removing certain advantages so everyone can get the same outcome, completely changes the incentives of society. It rewards the wrong things and allows mediocrity to compound. Why innovate if there are no incentives?

Whereas free and open markets truly allow merit to rise. The small minority of people who create valuable products and services that change the world need to be shown the incentives in order to innovate.

An easy example of this is taxes: If business taxes are high, entrepreneurs won’t be incentivized to take the necessary risks to bring new products to market.

#Bitcoin helps you understand how market incentives affect human behaviour.
Jeremy Chiang profile picture
Overheard a group of kids (10-12 years old) talking about price increases and inflation. In the purest way, even they know the money is broken. This is why #Bitcoin education is one of the most important causes I choose to spend my time and energy on.
Jeremy Chiang profile picture
This might be a first… Here is the “Proof-of-Work” Bitcoin Bachelor Party!

Cycled 300KMs across 3 days along the Pacific Marine Circle Route on Vancouver Island, BC.

I’m drawn to Bitcoin and fitness because they both require humility, discipline, and dedication. Bitcoin is a complex subject that demands countless hours of study to understand it. It encourages critical thinking and rewards those who put in the effort and are open-minded enough to learn about it. Meanwhile, fitness is all about self-discipline. Your health can't be bought with money or power. You need to put in the time and energy if you want your body to perform in a certain way.

This trip was the best of both worlds for me. To cap it off, we ended up visiting Victoria Kayak where we purchased one person a free ticket to Learning Bitcoin using sats of course! Sad to be missing this event but shoutout all the Canadian Bitcoiners in British Columbia 🇨🇦