Side Notes

Built with ❤️ by Joe Rodgers

PoW Equivalent Days

PoW equivalent days is the number of days it would take to rewrite the entire BTC chain, using the current total hashrate.

Block

I've been struggling hard with an essay about Bitcoin and memes. I've done a bunch of research and have a decent outline but the juice isn't flowing. 

Maybe it isn't time,.maybe I should walk away.

Maybe I should stick with it, even one line at a time. It needs to be written. It will be written.  

On imposter syndrome

I struggle with it. My pain body1 is no joke. You know more than you give yourself credit for. Sure, there is someone out there more knowledgeable about certain topics, but no one knows everything you know. This is a feature, not a bug.


1. Pain Body "Our emotional pain body is stored in the cells of the body. Old memories and negative emotions can become fuel for our pain body, if they are not faced at the moment. Learn about this ”parasite” that causes you suffering and emotional pain." Link

On email automation

I am thinking through the logistics of an email on-boarding series for new subscribers.

I am cruising around 450 subs on the email newsletter and getting around a 25% open rate. Not too bad. I think part of the issue is getting sent straight to spam folder by our friends at google.

Regardless, I am still thinking of ways to bring value to subs. WORDS has developed quite nicely over the past year and I've rolled several new products on the site.

I think I could bring value to subs by showing them or better yet highlighting different products on the site.

Current On-Boarding Email:

  1. Welcome email - contains a request to mark email as safe and links to different products on the site.

That's it, a single email that contains a couple links and a request to mark as safe. This is better than nothing but I can certainly do more. The question I have is what will be valuable and what will piss people off. They are subscribing for a monthly newsletter, not an on boarding series. Gotta balance value and respect the inbox.

Proposed On-Boarding Email Series:

  1. Welcome email - thank them for the subscription, consider including a video link that thanks them for the sub. Maybe throw them some sats. Ask them to mark as safe and save to contacts.
  2. Journals Email - link to the journals archives. explain the current state of the journals, that there is PDF and ePUB available for 2020 journals.
  3. Posts Email - A call to action to browse journals by tags OR chronologicaly. The tags list is kind of wild because the it's massive. It includes dates, authors, and keywords. The list is massive. Probably a bit intimidating. The chronological list of posts is much simpler but not very intuitive, just a timeline of posts.
  4. Special Journals Email - This would call out the Bitcoin Financial Journal and the anthology series of journals. This is not a huge part of the website (yet) but it will continue to grow over time.

I don't think this is too obtrusive, but I am not a user. If I sent this series weekly over 4 weeks, that doesn't seem too bothersome but you never know, again this isn't what they signed up for.

Always be testing.

End the Fed

Steve and Louise, the soulless lizard people.

This is why we #Bitcoin.

Propaganda by Clancy

Little Rock Smoke Hats

Looks like we're getting our shit together. Shwag is on the way. We suck at grilling but love to party, hats matter. 

WolfSparklz

I never knew it would be so much fun gaming with my kiddo. Decking her out in gold armor in Minecraft made her so excited. I swear it is the little things!

Announcing Links

I built something pretty damn cool. It's something I've wanted to do for a long time. It's called Links. It brings together two of my favorite things: blogs and Bitcoin.



What is Links?

Links is a Bitcoin content aggregator. The goal of Links is to deliver you the absolute best commentary on Bitcoin. Our sources are carefully curated and constantly updated as we uncover more signal. See an interesting article?Click it, sonate some sats to the paywall via Lightning, and read your content. The goal of Links is to deliver you the absolute best commentary on Bitcoin. Our sources are carefully curated and constantly updated as we uncover more signal.

RSS and Lightning Network

This project is the product of RSS and Lightning Network. RSS (Really Simple Syndication) is a protocol that enables the distribution of blogs and pods. If you’re subscribed to a pod in iTunes or Spotify, RSS is the magic that pulls in new episodes. This also applies to blogs. Some people read blogs with “feed readers”. A popular one is @feedly. From almost any blog or webpage, you can grab the url and plug it in a feed reader and it will use the blogs RSS to pull in new articles. This allows you to have the new articles delivered to you, rather than going to each web page. The Links project takes RSS from carefully curated Bitcoin blogs and wraps them in Bitcoin Lightning Network. All the blog posts that are pulled into Links are paywalled with Lightning Network invoices.

The million satoshi question is this… Will people pay to read curated content?

I’ll be trying to figure that out.

Enabling Technologies for Links

Superheroes

So much time and energy went into this stuff! Crazy to stumble across this picture! I believe I had this exact collage. 

The Bitcoin Diaspora, a Confederation of Tribes

The Bitcoin Diaspora, a Confederation of Tribes

 9 minute read

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The Bitcoin Diaspora, A Confederation of Tribes

By Joe Rodgers

Posted March 11, 2020

Introduction

“There is no Bitcoin community” - Everyone

This is the battle cry of true-believers and deniers alike. There is no CEO, PR, or speaker for Bitcoin. Bitcoin is decentralized, so there is none of that. So why do people get triggered so easily when people utter the phrase “Bitcoin community”?

Surely there is something, but what is it?

During Bitcoin’s short existence, it has grown from a small cryptography email list to a globally traded money with a $100B+ market cap. How can something like this happen with no “Bitcoin community”.

Surprisingly, there is “no Bitcoin community” but there is a Bitcoin diaspora, a confederation of tribes.

To fully understand this social phenomenon, we must have a basic understanding of these concepts: diaspora, tribes, specialization and disciplines, and confederation. This will not satisfy all critics, but the aim is to present a mental model we can use when describing all individuals and communities that use Bitcoin.  

What is a Diaspora

A quick search on the internet will yield many different definitions for diaspora. Traditionally, the word has been reserved for describing the dispersion of Jews beyond Israel but it is now commonly used to describe the scattering of people away from their homeland.

While traditional diasporas are rooted in the physical world, the Bitcoin diaspora is rooted in the digital world. Over time, we have witnessed the transformation of the Bitcoin diaspora into a hybrid of both physical and digital worlds.

From the beginning of Bitcoin’s creation, users were geographically scattered but shared a common digital home via the Cryptography Mailing List.

The original cryptography mailing list members eventually scattered to join other digital communities and even made joined communities in the physical world via meetups, conferences, business, and educational institutions. Once Bitcoin users made the jump to connect in the physical world, the Bitcoin diaspora transformed from being digital to a hybrid diaspora, which is a special characteristic of this social phenomenon.

As their numbers grew, so too did the Bitcoin diaspora voice and influence. Finally, a natural tribe would form which we’ll get to in the next section.

A great example of this scattering is their infiltration within Libertarian circles. For decades, Libertarians fought for sound money and more liberty, and for decades they cheered for a return to the gold standard and limited government. Libertarians never had a way to bring change because they needed permission from the state. Then along came Bitcoin. Some core principles of Bitcoin are sound monetary policy and it’s permissionless nature. Diaspora members began to infiltrate libertarian circles and share their domain knowledge of Bitcoin. Libertarians soon discovered those core monetary principles and found they were in alignment with theirs. As a result, we now have a blossoming knowledge base centered around Bitcoin and Libertarianism.

The scattering of the Bitcoin diaspora has resulted in countless physical and digital tribes. As the diaspora continues to grow and mature, we will see more organization and representation.

Tribes

Tribes come in all shapes and sizes but share common characteristics. Tribes are connected people that share an idea. Tribal needs are communication and a way to share ideas. As tribes mature natural leadership begins to form. Leadership delivers better organization and communication.

One of man’s most powerful survival mechanisms is to be a part of a tribe. The opportunity to give and to receive from a tribe of like-minded individuals and to learn from a leader give him a sense of fulfillment. But man is not satisfied with one tribe, he desires to be in many. That is why you probably are a member of many social networks, organizations, and smaller groups.

The Bitcoin diaspora began as a single tribe with a small group of members in the Cryptography Mailing List, but naturally, the members shared and explored the idea of Bitcoin. From that moment, tribes began to form groups outside the mailing list.

As mentioned earlier, a popular example of a tribe is the Libertarian Bitcoiners, but there are many more great examples. One of the earliest tribes that are still around today is the Bitcoin Talk forum. This was the early place where Bitcoin ideas were shared and sharpened. Wild speculation, how-to’s, and fud were all hashed out within this tribe. There are more than 30 local meetups for Bitcoin, many developer communities on GitHub, and Bitcoin tribes are forming across every social network.

The expansion of Bitcoin tribes is a powerful example of Bitcoin’s network effects. The scattering is a positive feedback loop as Bitcoin is strengthened as the network grows and tribes grow the network.  

Specialization and Disciplines

When mankind leaps forward, it’s the result of new knowledge. New knowledge is the product of specialization which occurs when productivity is focused along different skills. Since Bitcoin is decentralized, advancement relies on the shoulders of the tribes and tribal members. Since tribal members are free to work on whatever they choose, this leads to more specialization because they can focus their energy where they are most productive.

Within a specific tribe, there is domain knowledge which makes tribes a breeding ground for specialization. Tribal members peer review, share, critique, and advance knowledge specific to their tribe. This process is another example of a positive feedback loop for Bitcoin. Tribes develop specialization, which adds to the overall value of Bitcoin.

Once a person with domain knowledge got their mind on Bitcoin, they tended to see the world through a new lens, and this outcome was specialization.

“I believe that Bitcoin is a mirror - it reflects who you are; it reflects your beliefs.”  Gigi

Domain experts began crafting new ideas and narratives around Bitcoin. Over time, this specialization has led to the deep study and exploration of Bitcoin which has produced various Bitcoin disciplines. Bitcoin disciplines are branches of knowledge dedicated to understanding Bitcoin.

Disciplines are like schools within a university. They encompass an overall idea or school of thought and have deep focus areas that add to the understanding of that discipline. As you can see from the chart, Bitcoin disciplines are developing along conventional schools of thought, however, specialization is developing which further the understanding of how Bitcoin relates to that discipline.

Once the Bitcoin diaspora scattered out beyond the cryptography mailing list, Bitcoin was exposed to people with different areas of expertise. Tribes formed which led to specialization and disciplines. This all happened organically and is another example of how the Bitcoin diaspora is influencing the world.

These disciplines might look familiar at first glance, but once you dig into the writings, code, and other knowledge created, you will find that Bitcoin is changing us far more than we are changing it.

Confederation

Let’s now dig into the final aspect of the Bitcoin diaspora, confederation. The most useful definition of confederation is an organization that consists of several tribes united in an alliance. History has many examples of tribal confederations from the Iroquois to the Mayans. Each tribe had its values, norms, and leaders, and they found strength in an alliance.

The tribes of the Bitcoin diaspora are like these native confederations of the Americas. Although there are no formal alliances in the Bitcoin confederation, tribes and tribal members all share a belief in this informal alliance.

But what forges this alliance? That is the beauty of Bitcoin. It means many things to many people. For some, it is as simple as sound money and for others, it is their path to riches. Interpretation is up to the individual, but it can be summarized as a shared desire for Bitcoin to succeed.

The strength of the confederation is in the tribe and tribal members and vice versa. This is another example of a positive feedback loop.

  • As individuals are on-boarded to tribes →
  • those tribes create more specialization →
  • which benefits the confederation →
  • which brings more value to bitcoin →
  • Loop repeats

Through scattering and specialization, the diaspora has spawned many tribes that share ideas, norms, and values, and they all work as an informal confederation.

Conclusion

The Bitcoin diaspora has already changed the world and will continue to bring positive changes to humanity. With each epoch, new waves of innovation and users join the Bitcoin diaspora. As new technology is unlocked, this will bring in more areas of study and new disciplines.

Tribal communication will change rapidly over the next decade as VR and AR technology is brought to the mainstream. Already today, we are seeing primitive Bitcoin meetups in VR. As VR technology is improved, this will unlock new levels of human communication and collaboration. Tribes will continue to meet in the real world, but VR will become more and more common and eventually will be the norm. Better tools will lead to the better communication of ideas and more rapid specialization.

Over the next decade, we will see the creation of many new tribes. Some will be unthinkable because they will be dedicated to technology not yet created. Today, we are witnessing new tribes being developed such as the Bitcoin Artists and the Bitcoin Religion.

There are already Bitcoin Artists, but they are just now getting organized. This tribe is already spreading the ideas of Bitcoin through art and is on the cutting edge of technology creating digital and physical art the world has never seen or imagined.

The Bitcoin Religion is an emerging meme within the Bitcoin diaspora. While this might be laughable to some, this is rapidly becoming a more common idea within existing Bitcoin tribes. As more ideas are created and shared around Bitcoin religion, the tribe will find itself. It too will bring value to Bitcoin through self-betterment.

The Bitcoin diaspora will continue to scatter as Bitcoin makes its way into more and more areas of study and human life. Tribes will organize and the confederation will be strengthened. This will ultimately lead to hyperbitcoinization.

Eventually, we will reach a point of hyperbitcoinization which is when Bitcoin is the global currency. This will trigger a switch in mindset for humanity. Humans will no longer think with shorter time preference. Human action will be shifted from inflationary money as a store of value to deflationary money as a store of value. This will make all human actions weighed with longer time preferences. Once hyperbitcoinization is achieved, the Bitcoin diaspora will be the global human tribe, because Bitcoin will be the global currency.

In the hyperbitcoinization period, there will still be tribes of innovators working to improve Bitcoin and their discipline, but for the common man, it will be an afterthought. The common man will use Bitcoin and act with a longer time preference. He will be changed by Bitcoin. He will become a better man.  

Thanks

Thank you, David, for your early conversation and review. Thank you, Gigi, for your review and encouragement.  

Supplemental Resources


6.15

Eternal Riches & BTB