Damus
Open in Damus
Phil profile picture
Phil
@Phil

Sharing thoughts on BTC, Finance, CrossFit, Atl Braves

npub1t49wf83gf22szm55ftjullyjs3cv9s7s3hky6f9fwfyjx7xfst6qaw2j9unpub
[email protected]nip05
[email protected]lnurl
Relays (10)
  • wss://nostr.orangepill.dev – read & write
  • wss://nos.lol – read & write
  • wss://brb.io – read & write
  • wss://nostr.wine – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.snort.social – read & write
  • wss://eden.nostr.land – read & write
  • wss://nostr.land – read & write
  • wss://relay.current.fyi – read & write
  • wss://offchain.pub – read & write

Recent Notes

Phil profile picture
Just cleared out my Coldcard Q wallet. Every time I use this thing, I’m amazed by the technology and methodical steps required to create, sign and broadcast an airgapped transaction.

How could something so advanced have a critical error so basic in nature? How cruel this failure is to impact so many hardcore plebs trying to store their time and wealth, and challenging themselves with “the best” HWW tech out there.

This isn’t a bitcoin failure. But this is sure going to hurt bitcoin’s grassroots army and future adoption.

No ill will as we’re all human and doing our best, but as investors in Coinkite I’m interested to hear from @MartyBent and @ODELL as to why something like this slipped through so many filters.
Phil profile picture
@Jeff Booth @Lyn Alden Jeff and Lyn, would love to connect on OJ venture. I literally penciled out the same strategy after 15 years in middle market IB / PE and never pulled the trigger. Your AI efficiency angle and collective brand / name recognition were the missing pieces. I’d be interested to connect with you all to see if I can help
❤️1
Oshi · 8w
Fantastic!
BitLo · 11w
Just a theory at this point, but would make sense.
Phil profile picture
Got into bitcoin in 2020. All the reasons I decided to start buying then exist today, and SO MANY more. I’m certainly disappointed in the price today, but the case for a permissionless, peer-to-peer cash that can’t be easily confiscated or debased has never been stronger. The world desperately needs Bitcoin.

I’m riding this thing to zero (if that’s what it takes), and then all the way up again.

Been nostr-only for 2-3 years now too. Also riding this to zero (active users besides me, I guess?)
1❤️3
sitting at an airport bar · 11w
Zero chance it goes to zero.
Juan Galt · 11w
Hi there. What's good? what has your attention these days.
pietre · 12w
Completely agree but what if this "eventually" happens in 20/30 years time? I don't want to "start to live my life" in 20 years.
Phil profile picture
Phil @Phil
I have the same mindset.

For me personally, that translated to a 5-year accumulation period where I put all excess cash flow towards a target bitcoin amount. I set this target based on what I’d be comfortable losing, and what I’d be comfortable holding if Bitcoin goes to $1M-$10M+.

Once I hit that target, I started then using excess cash flow for other investments and lifestyle upgrades. Enjoying life and diversifying the balance sheet a bit more. But I did maintain a reasonably sized DCA (hourly on Strike) to keep that total Bitcoin number going up. But it’s very small relative to total excess cash flow.

This feels like the happy medium to me. And now I have no fear of missing out if Bitcoin moons overnight.

At this point, I’m really just underallocated on gold. But I tried accumulating last year during the bull market and it was such a bad experience, I put that target goal on the back burner.