In the last week we've seen 1. Bitcoin payments enabled at more than 4 Million stores worldwide 2. Japan announce that they are using Bitcoin mining to help stabilize the grid so they can place more wind and solar power on it 3. The world's first Central Bank make its first purchase of Bitcoin. Probably nothing.

Correct, holding is using. I use it that way too. It's not an either/or, that's why I opened with "Don't sell most of your Bitcoin". The issue with this being the only way people use Bitcoin is that it this use is not seen by those who don't yet use Bitcoin. Because it's not seen, it's not mimicked, copied and spread. Because it's not copied, adoption doesn't go so fast if that's the only way that most Bitcoiners use Bitcoiners. By using a little bit (.1%, 1% whatever) in a way that interfaces with non-Bitcoiners, adoption spreads and the 99-99.9% of your remaining Bitcoin will be worth much more.

Yes, don't sell most of your Bitcoin, but remember: your Bitcoin will be worth a lot more if it achieves ubiquity. Cars, the radio, computers, The Internet became ubiquitous because people used them, and saw other people using them. Kinda weird to imagine that the best way to achieve Bitcoin ubiquity is by everyone not using it.

Absolutely. It's also good they are being transparent about the fact its a fee amnesty (and a long one too, not like a 30day fee-free trial). Very different from Microsoft that would charge zero fees, starve their competitors of oxygen, and then when they burned all competition hike their own fees to above what the competitor used to charge. And .. 1% + instant settlement and a free year is still a lot better than an effective 2.35-4.5% you pay using credit cards when all the myriad of fees (including compliance fees) are taken into account.

If you've ever run a retail store, you know what this means. Years ago my wife and I owned a juicebar. The one expense we resented was credit card fees, but we had no alternative. That 1.5-3% fee could be 10% of profit. Thank you and Square. Gamechanging for small business owners

These are the interesting inspiring stories that increase Bitcoin adoption. If you've ever run a retail store (I have) you know what it means not to have to pay hefty 1.5-3% credit card fees.

In June last year, I was commissioned to write a report on if BTC mining companies should pivot into HPC/AI TL;DR - yes, but with some nuances It had an 18month embargo on it, but is now available to everyone. Some things are out of date, but hopefully still useful Enjoy! https://docs.google.com/document/d/1o22bE4738bLRnpyju9CvgImWaauTvL4dMSejygsZiZ4

When responding respectfully to a whole bunch of people who had some basic misunderstandings about Bitcoin and energy, I used this principle from my own book. It worked! In this video I outline what it is and why it worked.

Imagine waking up to find the money you’ve saved for decades is worthless, because your government decreed overnight it was no longer legal tender This happened to Win Ko Ko Aung. Bitcoin literally changed his life. He tells his story in my newsletter 👇 https://www.batcoinz.com/p/no-country-for-old-money

PS: the author I spoke to was very defensive. More interested in reputation and being right than advancing the field and acknowledging an obvious blind spot in his work. So not sure about whether cc’ing the author is the right strategy or not.

Just finished a great breathworks course with 5 honeybadgers. There's now even more energy in the Bitcoin network! Let me know if you're keen for the next one.

Yes please! Floor them with politeness of your rebuttal and let the data speaks for itself. Even GreenpeaceUSA (an activist org not known for scientific scrutiny) stopped using Mora after they reasoned how thoroughly his work had been debunked.

Completely different opening 20 minutes of a podcast than I've ever experienced ... in a good way! Thanks Daniel Prince. This will help a lot with talking to the people who have a hardened position against Bitcoin Mining! 👇 https://fountain.fm/episode/OiWxyTIVNsIAVb7CcTOr

One of the most revolutionary concepts about leadership in 121 seconds!

Bitcoin cannot give you freedom ... Broke my sub-90sec rule to make this one. But it's topical (and personal)

Watershed moment: de Vries bogus "swimming pool per transaction" metrics get replaced by MARA's (real world) water metrics: Bitcoin mining operations use 1/3 the water of an average US household (The original piece contained de Vries' numbers. But after I wrote to the editor pointing out the evidence these numbers from de Vries had been debunked, they updated their article)

Are you putting in 15x more effort for the same result due to a blindspot? Patient Capital (the world's pension and sovereign funds) are 15x larger than all the world’s hedge funds yet more attention on hedge fund adoption of Bitcoin. Patient Capital is also a much better fit for Bitcoin, because they have a longer investment horizon - as their name suggests. So why does the world tend to focus more on Wall St hedge fund allocation to Bitcoin? I will answer that question with a question. We know that “Cutting methane is the strongest lever we have to slow climate change over the next 25 years” - so why does only 2% of climatetech finance go into methane mitigation, vs 98% CO2 reduction? We know that 65% of all tech company failure is human-centric - so why does almost no resource go into using proven recipes to overcome the causes of human-centric failure. Same answer to all three questions: humans have blindspots. Where we put our attention may be out of habit, convention, traditional, or collective “wisdom” - not necessarily what the data tells us is the area most deserving of our attention. That’s why to date, we have focused more on $5Tr of hedgefunds or $72Tr patient capital: we know more about it. By finding out more about Patient Capital, we can put more of our attention in an area that yields 15x as big a reward - possibly much more, as it is a more natural Bitcoin-fit, with stronger hands than most hedge funds.