Most people I've coached over the years have had some funky ideas about what "being committed" means.
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)
Thank you HMRC* for the free Bitcoin marketing🙏
*UK's IRS
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.
Start of something new …
Instititional adoption is preceded by regulatory comfort.
So who is educating the world’s financial regulators about Bitcoin?
Answer: Cambridge University
Every year more than 300 financial regulators from Security and Exchange Commissions, Central Banks and Govt Agencies from around the world take part.
As a result they are starting to get more comfort about how they regulate bitcoin.
1/8 of the entire program is on ESG. They asked me to present the lecture and Q&A on this section of the program.
Whether you like ESG or not, the reality is, it’s a critical checkbox for almost all regulators, especially outside USA. Therefore addressing it head-on with regulators is critical to Bitcoin’s adoption story.
I went into the data and case studies which overwhelmingly support bitcoin having well-evidenced environmental, energy security and social benefits and equally well refute the earlier commentaries on bitcoin that suggested otherwise.
Most of them had never heard any of this data and they were grateful to have it available to them as it allows them to make evidence-based regulations around allowing institutions to invest into bitcoin and into bitcoin mining companies.
I just got the feedback that the presentation landed very well, in fact it was the most highly rated one of the program so far.
In fact they’ve invited me back to give future talks, including their enterprise group which includes a number of the large asset management firms.
Probably nothing.
The most important thing happening in Bitcoin this week is not the ATH...
Just gave a 35-min online talk + Q&A to 115 financial regulators from countries including US, UK, Australia, Egypt, Brazil, Indonesia, Ukraine, Nigeria, Uganda (over 20 nations in total) about Bitcoin
In the audience was the director of the central bank of paraguay, deputy director of the central bank of pakistan. director of the Securities and Exchange Commission (CVM) for Brazil, deputy director of the Monetary Authority of Singapore and many divisional heads.
A big focus for the talk was how Bitcoin is financial inclusion technology for the world's 1.4Billion unbanked, and how it is financial freedom technology for human rights activists around the world. Strongly featured the work of Alex Gladstein and HRF, the work of Bitcoin mining companies who are helping bring people out of energy poverty, while stabilizing the grid and improving energy security and affordability, and the work of the Digital Assets Research Institute who've quantified how Bitcoin has been used as re-locatable re-settlement money for 329,000 refugees.
Most had not seen any of the data I'd shared, and were eager to see the real world data that backed up these stories - which thanks to the people and entities mentioned above, we have a lot of.
Probably nothing.
No breath, no life. That’s obvious. But …
Know breath, know life - that is less obvious to people (yet equally true).
Yes, just as whether you are breathing defines whether you are alive
How you are breathing defines how you life
You can be eating right, exercising right, even meditating regularly. But if you have not learnt how to optimize your own breathing, you have not yet learnt how to optimize life itself.
I was fortunate enough to discover this by accident at age 30. A friend suggested I went along to a breathing course. Like a smart-alec I thought “I already know how to breathe, what’s the point?” but I went anyway out of curiosity.
What followed showed me that I knew how to breathe to survive, but not to thrive. And as a result, I was needlessly living with a lot of more stresses and a lot less freedom than I could have been
I was so amazed by the difference I felt, I decided then I wanted to teach it to others, so they didn’t have to wait as long as I did to find out how to optimize the conditions for life itself.
If you’re curious (you're a Bitcoiner, of course you are!) to find out more firsthand, the next step is DYOR. No, not by reading a book: by experiencing it.
Your breath is an asset that everyone can self-custody without permission. But it does initially take a little training to use it optimally.
So DYOR step entails coming along to an intro session which I’m running (online) this Friday 7pm PDT.
You’ll pick up a simple technique you can use to calm the mind during the day, more knowledge about the breath, and clear next steps if you want to deepen the extent to which you optimize your breath and therefore your life.
Anyone can come. Just drop me a message or comment below.
I will then send you the link, and you can get started in applying this to your life.
