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Reflection

There is one thing that evades me, however; proper interaction with others interested in this 'big picture' thinking. It reflects a prior reluctance on my part to share what I write, other than passively publishing on this site. That reluctance is beginning to fade (thankfully), as I reach firmer conclusions about who I am (an investing, thinky type) and what I have to offer (legible English, quirky subjects and half decent interweb skills). It explains why I have a 'contributors' page. This ain't meant to be a one man mission!

1 min
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Bitcoin

Turning Thirty Three
March 24, 2022
There is one thing that evades me, however; proper interaction with others interested in this 'big picture' thinking. It reflects a prior reluctance on my part to share what I write, other than passively publishing on this site. That reluctance is beginning to fade (thankfully), as I reach firmer conclusions about who I am (an investing, thinky type) and what I have to offer (legible English, quirky subjects and half decent interweb skills). It explains why I have a 'contributors' page. This ain't meant to be a one man mission!
4 mins
The Bitcoin Backstop
January 11, 2022
Bitcoin, the asset, is the purest store-of-value we have ever seen. It is the simple conversion of energy (via math and code) into verifiable truth, whether via hydrocarbons, renewables, nuclear reactions or even god damn volcanoes. Real estate is stale in comparison; you may expend energy to form static bricks, aluminium or concrete. But it just degrades without active maintenance. Gold, whilst durable can be centralised or even confiscated. And don't forget the high costs of extraction. So where does this leave our good friend fiat?
It's Just The Sun Rising
December 31, 2021
We've reached the end of 2021, folks. As we conclude the second (and hopefully last) year of bug-related twists and turns, it feels pretty good to sit down, take a deep breath and enjoy a well earned rest. Traditionally, I'd be knee deep in a strange mix of pork pies, chocolate and beer. But 2021 hits a little differently. Y'see, this is the first time I can look back at a solid 12 months of musing. And on reflection, the back catalogue has captured an evolving state of mind during this rollercoaster of a year.
3 mins
The Great Crypto Schism
November 23, 2021
For a few weeks now I've been trying to establish a clear worldview on the wider Crypto landscape. Y'see, I'm fairly settled on the epic store-of-value proposition that is Bitcoin. I've dived into the gory details, gained some practical skills, and completely overindulged in the 24/7 debates sparked in Twitterland. And just like a BTC-Big Mac in El Salvador, it all feels rather warm, gooey.....and potentially fatal. So to address this intellectual comfort, I must stress-test my understanding of Bitcoin. I must fuel my curiosity by casting a wider net.
Friday Reflections, Volume XVII
October 15, 2021
As a node operator, my understanding of Bitcoin has evolved significantly. A theoretical framework has been transformed into lived, practical experience. I monitor the Mempool to check on my Lightning channel status. I engage with other node operators to create liquidity swaps. I scroll through 1ML and Amboss to find other Lightning peers. I collect sats for routing payments. It is a vivid demonstration of my previous notion; that Bitcoin, and by extension its timechain, may just be the the final word on financial freedom.
2 mins
From Theory, To Practice
September 20, 2021
The ideas are elegant. The ambition is impressive. But how exactly does Bitcoin work in practice? Well folks, that's what I've been figuring out for the past month. Armed with my understanding of the network, I embarked on a journey to become a full node operator (i.e. a validator of transactions and blocks). Admittedly, I wasn't quite sure I could pull it off. Even with all my prior research, this felt like a tricky technical challenge. And yet here I am, running a Bitcoin (and Lightning!) node with little fuss. How so?
Global Truth, Local Value
August 27, 2021
At this point, it is worth wondering what all this research represents. We seemingly have an answer crying out for a question. To that end, there are a few good candidates. Is Bitcoin a response to monetary distortion? Government largesse, perhaps? Is Bitcoin a dry, technical update for the internet? I would contend that it does all those things. And excellently so. But there is also a more profound, universal quandary to address.