Distributed. Trustless. Why I am a crypto convert in 2021

I have lived in San Francisco, the petri dish for disruptive innovation in the US, for 20 years. I’ve witnessed the rise of Google, the revival of Apple, the inevitable spread and unnecessary fall of Uber, the unlikely success of Airbnb, and the metastasization of Facebook and its twisted business model. I also read the news, all of it, and have for the last 18 years. Every day.

I heard about Bitcoin in 2010, and even had some kids stay in my Pac Heights apartment, using AirBnb, while making a documentary about Bitcoin, in 2012. At that time I was occupied with other things, and the barriers to buying were too high, the shadiness factor too prominent, so I ignored it. For every AirBnB there are 500 other startups promising to change the world, paying for me to use their product or service for free. Bitcoin was just another crazy idea, born drowning.

I caught the hype cycle in 2016-2017. I patted myself on the back, got out, and forgot about it. I used Coinbase, obviously, because I was too busy with my life to bother with more friction.  Investing in private equity is tough and requires capital to start with. I was focused on the old-fashioned methods of attaining that. Work.

Then 2019-2020 happened. All of a sudden the volume turned up 10x in the chattering tech startup community. I missed the rise, now, when I had the potential for exit-level appreciation. I always like to be careful, even in risk-taking. I was playing a game of attrition, while learning how to play the stock market.

I watched as friends got rich. I am not jealous. I just observe. I have made the decision to start my own company recently, and feel inspired about it. I still have no idea what that will be… but the discovery is fascinating. I read broadly. I practice. I exercise patience, diligence and deep thought. I decided to finally go to the source on this bitcoin thing.

That meant I read the Satoshi Nakamoto white paper that started it all. I connected the dots to the last financial crisis. And my mind exploded.

Figure 2 from Satoshi Nakamoto Whitepaper

I now believe that Bitcoin is here to stay, and it is a hyper-growth disruptive technology, just like the other giants whose shadow has been my home. Whose rise and rise has shaped me. Except Bitcoin is a different thing. It is disrupting not just dollars, but cash currencies all over the world. And its unstoppable. In whatever future awaits us, as long as the lights are still on, Bitcoin will be a dominant store of value. Like Gold. But so much better.

Bitcoin is the best performing asset in history

Bitcoin is a trojan horse for freedom

Because of the blockchain, there is no authority that controls the value of Bitcoin. It is pure liquid supply and demand. And the supply is limited. To our current knowledge, this will never change, even with speculative computational capability.

The lack of control is one side of a coin that also contains the distributed nature of Bitcoin. It is truly peer-to-peer, and therefore can not be stopped by anything less than the alignment of the majority of the power on the globe. Even then, there are such incentives to allow it to continue, and disincentives to trying to stop it, that it seems unfathomable that any serious attempt would be made, let alone successful. The longer time goes on, the more this becomes true. IT is truly anti-fragile.

The technology behind Bitcoin, the Blockchain, has so many applications beyond finance, it may truly be able to fix the broken trust and social contracts that have been destroyed by social media, fragmented society, and social divisions, especially in the US. It may be true, actually, that I am more of a blockchain enthusiast than I am pure Bitcoin.  But the one and the other are connected, as Bitcoin is the fist Blockchain to have been built.

Bitcoin is like a peaceful Manhattan project

The technological breakthroughs represented in Satoshi’s simple 9-page thesis paper are transformational. They have shaped the last 10 years and will continue to shape more and more the next decades and longer to come. Surely Satoshi, whether a person or a group, wherever they are, have become wealthy from their invention. Surely this is the way of time immemorial and cannot be held against them. And so too have many others. But the path Bitcoin took to the mainstream ran through drugs, and worse, notoriously. As well as making dreams come true. It is not a weapon, but liberation. Women in third world countries can accept bitcoin without needing a bank account. This allows them to own property and value and therefore assert independence from abuse, or control, but family or husband.

The true nature of Bitcoin is not speculative. The price will stabilize. The liquidity and usability issues will have networked solutions. And any government that does not start keeping reserves will be left in the dust. It will supplant the US Dollar as the global benchmark, both because of what it is, and because of the Dollar and Geopolitics of the US world order.

“I don’t trust crypto”

I hear this when I say these things, from skeptics. I used to say it too. I have seen too much vaporware and PR spin on the bootstrapped backs of hacked attacks on fortified industries. But I no longer feel that way. It is to be trusted, or not. It simply is, and what it is is eating the cash world. There is still more to disrupt, and the same financial bobbleheads telling you to sell are also saying in the following paragraph that they think it will ‘eventually’ go to 400k, or 600. Or 1 million. Nobody knows. But they are buying when you sell. And that is just the business plan form financial sharks. Don’t listen to them.

“they won’t let it take over’

This too is common thinking. They have tried. China banned it, but is also expending massive amounts of energy to mine more of it than any other country. They started their own cryptocurrency, but nobody is fooled, it is a tool for surveillance. Bitcoin is peer to peer and designed to be the opposite of that, which is why it is so helpful

India banned it. But that just made the citizens of India want it more, and it does not distinguish between ‘legal’ and ‘illegal’ since it is trustless and distributed. Reference it’s history.

Some can go missing, sure. But not like Gold. 80% of the worlds gold has been stolen by governments in the last 100 years. More is mined every day.

Instead, change your thinking. Bitcoin is here to stay. At some point we won’t be asking ‘How many dollars is my bitcoin worth’ but rather ‘How many Bitcoin does that cost’ and once that happens, government backed securities, and fiat currency, will no longer drive the financial world. Crypto will. Ruled by Bitcoin. And buttressed by Blockchain technology. Which might potentially solve some of the world’s biggest problems, including the human ones…

I am not a Bitcoin Maximalist

There will always be a need for other forms of exchange. And Governments will play a role, as will corporations and capital markets, just as they have during the capitalist world. Corporate feudalism often has no other check and balance than a properly governed cooperative national and international organization of concerned citizens, and power brokers.

I am not a financial advisor. This is just a personal blog. But if you are interested, here are some resources for further study:

Satoshi Nkamoto’s Whitepaper

Debate between Michael Saylor and Frank Giustra about Bitcoin vs. Gold

Federal Reserve: Defi will be Paradigm Shift

Warren Buffet on Inflation in the US (current May 2021)

US potentially working on Digital Dollar

Podcast and Blog resources

Dreams and Quiet Voices #4

Stella by Starlight

Last month, playing the solo on Billie’s Bounce, the first Parker tune I learned

I have recently realized that the link between dreams and quiet voices – the messages I get from my subconscious self, or what people call intuition – is actually a two-way enterprise. I can tell my subconscious what to work on, in a manner of speaking, as I lay sleeping.

Stella

The song in my mind, as I passed in and out of dreamland in the morning, was ‘Stella by StarlightThe Charlie Parker tune. I have been listening to it on Spotify nearly every day for the last week, as I learn the solo on my saxophone. This in itself isn’t remarkable, I have been learning Bird solos for 5 or 6 tunes for the last few months. I have started to go play outside. Yikes, it has only been 8 years since I had a saxophone, and another 10 before that since I practiced. Been awhile…

The Muse(ic)

I have never woken up dreaming in music like I did this morning. All of my other DQV posts were written while I was playing the sax again, so nothing outward has changed in my behavior.  However, I am pretty inspired by Stella. It’s a heart-wrenching, beautiful, sorrowful, unforgettable tune and Parker’s solo is the passionate cry of a vulnerable and beautiful soul. The Romantic Soul.  I am in love with it, and I’ve been trying to learn it for over a week, the same way I have learned a few others (Now’s the Time, Billie’s Bounce) but I was literally practicing and singing simultaneously in my dreams


When I took some first and second year Cognitive Science courses in college (undergrad), the primary working theory of cognition was that it takes place on a spectrum between word and image (though what we mean by image has changed with technology).  This was something else. This was thinking in pure melody.  I heard it in my mind, I sang it silently. My fingers were likely moving in my sleep though I can’t know that for sure.

It wasn’t even particularly about anything I did yesterday, since it was my one day off practicing saxophone each week. I didn’t even play yesterday. But the music was real, as if it was coming from my speakers and I were playing it at the same time.


In this way, I can see how to program my subconscious. I just finished practice today and I was far better than I left off two days ago, specifically at Stella.  How did that happen if I wasn’t playing?

In my dreams

Which begs the question: how much of my quiet voce, my intuitive truth, the remainder inside when all else is still… How much of that is under my active control? I think this is at least a different take on the phenomenon of visualization that athletes and new age coach’s practice.  The one in the seminal Think and grow rich’ by Napoleon Hill and many other echoes of the ‘be successful’ lifehacking promises in pop marketing and self-help circles. Some is legit but most is poorly communicated, and much to the point of being less than useless. I tend to ignore things like that, and have never read ‘The Secret’.  It seems a bit wishy-wishy.  My mentors showed me that sweat and suffering were part of success and that hard work separates those who find it from those who don’t.

The thing is, I’ve worked hard, for years, to varying success. And I’ve had success that looks like it was luck. 

So, which is it?

I’m not sure. But I do know I’m having fun playing fantasy, and that I have been working every day for a long time now, and am still motivated and enthusiastic to keep going. 
The most beautiful part, the music came into my dream last night as I was chasing dream-criminals with my father.  Hi Paul! Thanks for the gifts.

DQV#3
DQV#2
DQV#1

Portals to the Underworld

Prismatic lakes of Yellowstone, from my summer sojourn in 2020 wile the wildfires raged

Amethyst chasms open underneath boiling cauldrons of deep earth water, hot enough to cook.  Pools, deadly gaping maws designed to sparkle, dazzle, and mesmerize, lure humans like flies in traps set on shifting sandy earth. An alien landscape touched by the alchemical curse of Alkali…

The Leap Taken

So many kids grow up in fear, and never taking the leap of faith. I try to seize every chance I get to feel grateful to have been raised in the woods, 15 miles outside a town of 2000 people, at the end of a mile long dirt road. Of course as a child I just wanted to go learn about the culture of the big city… Now in my adulthood, I want to find a place just like it and stay there for a long time (ok, with internet).

Motorcycles and the Art of Zen Maintenance

If you have not read ‘Zen and the Art of Motorcycle Maintenance‘ by Robert M. Pirsig, then stop reading this and go get it on audiobook. The book is a foundational exploration of the metaphysics of quality; or a rambling, semi-fictional semi-autobiographical novel that expounds, though never professes to be a factual doctrine, on topics including epistemology, the history of philosophy, and the philosophy of science.

I read it when I was in high school, searching for signs of who I was and what I could call Truth. The book is about a son and a father primarily, which was a good reason for me to read it. At that point I wanted more Father in my life… and my own dad spent time reading metaphysical books… I was drawn to the mysticism of Carlos Castenada and classics like ‘Stranger in a Strange Land‘ by Robert L. Heinlein and ‘Brave New World‘ by Aldous Huxley, two books I would also recommend any teenage boy (and teenage girl) to read. Blow your mind, it’s good for you.

But this is not about those books. I read them all before I took my first motorcycle ride. Long before I owned one of my own.

Since then, I have carried my love of riding motorcycles through decades… and more than one accident. Most were close calls without injury. One of them changed my body – and my baseline level of pain and discomfort – permanently. But, as the Chinese saying goes, no illness, short life… one illness, long life. I’ll save any more than that for another story.

Still, I Ride

This is about riding. I love riding. I love everything about it. I love the vibration of the machine, a rumble-hum under me. I love the rush of the passing air, each moment rich blasts of thick, heady mixed pungent smells and sensual signals – temperature, sounds, air quality – and somatic sensations of velocity, acceleration, inertia. Smells like miles of cut grass or the salt of the sea, on cliff-spanning rides near my longtime home in San Francisco. Or in Bali, smells of damp earth and mushrooms after the rain, or the acrid sting in eyes and nose caused by smoke from local villagers burning refuse.

Or here in Nayarit, Mexico, where the chalky smell of dust permeates even the densest olfactory notes. A bouquet that includes heavy intoxicating flowers, the oxygen-rich air of the jungle around the road, Dust and sand kicked up by passing machines, or even the man-made smells of engine oil and steel shavings coming from local shops or passing trucks. Or the other manmade smells of cooking meats, shrimp poblano, chili and lime. Confection stands and taco carts. Here there is also smoke from burn piles among the Agave farms.

These smells tell me the story of the land I am passing through, of which I am part as I pass by. A motorcycle does not separate you from the land or the city or the country or the road… rather it gives you superpowers as you move through, over and in it; you become able to slice and swoop, to crawl or wander. To soar triumphant like you just won your deepest desire. A soul-filling power.

The atmosphere is more than the smells it contains. It gives you feedback on your speed and direction. You begin to see the land you pass through as a map of billions of different chemicals floating all around in a soup of air. You pass through pockets of floral chemicals. Culinary terpenes and rich oxygen from the forest. The local pocket of the stench of a dead animal somewhere off the road.

The wind on your face tells your body that you are free, moving fast. Both of these sensations contribute to the best feeling of all: that of flying! Low to the ground, following the contours of a descent or the swell of a rising hill, passing through shaded tunnels made from tree branches grown all around you like a flat solid roof and rounded walls as you rocket through curves and climbs.

There are moments on my motorcycle when all care about destination or the slow things in your life melt away; moments when no other vehicles are around, and I am alone, with just the body-feeling of acceleration, of the thrill of exposure, sounds of the birds or the rushing air, or better still of the music I listen to when I am happy. Times when I crest a peak, or round a new bend, and the world lays out a vista that takes my breath away. Sprawling splendor splayed spectacularly for my sore sight, like I am being shown a gift of wonder, and allowed to explore it on wings of controlled explosion, the power coursing through me with a hint of danger. No worries can keep up with a man on a motorcycle.

I Am Alive

Now, in this moment. For sure. All others might be a matter of debate, but not this one. In this moment, all that exists is this moment, with me as witness. And I am free. Tomorrow might be another day, but right now, I am completely free, released from all judgement or expectation, and releasing all others from any obligations to me. I am free in a free world. Free from the tyranny of mere ambulation. Free from the extortion of the local Taxi mafia. Free to simply experience the wind on my face, and the wonder rushing by.

At least for these next few months, the last part of an 18 month sabbatical from working full time, I am calling the west coast of Mexico my home. Soon I will return to the world of traffic, of deadlines and meetings, of deliverables, of expectations and obligations. But for this time that I have left, I allow myself to fully experience freedom. Also, I need a way to get around that doesn’t rely on anything tourist related, especially the taxi drivers here. Believe me it’s a racket…

For this reason, I just took a 5 hour bus to Guadalajara, and spent 3 days in negotiations, testing, and dealing with a large international payment, and returned to San Pancho, riding my new Honda 150 custom Cafe Racer, back over 300 kilometers. It’s a long ride, and I had a heavy backpack. That combination takes a toll on my body. But it’s worth it. I have a main line to euphoria, an always-ready emergency exit from the drudgery of the world of things. An off-ramp to the metaphysical realm. And a practical means of transportation in my adopted ex-pat community- the area just north of Puerto Vallarta, near Punta Mita.

Now, instead of being a drag, or a chore, or feeling like work, I am excited to plan days of errands… a trip to PV to take in my dry-cleaning becomes an adventure. I can say yes to friends that live the next town when they are having people over. And going to the beach now feels like a red carpet event.

I am sure that my mother, who will read this, has an entirely different feeling about me riding motorcycles than I do. But to her credit she does not pass guilt on to me for my dangerous habit. Perhaps now, reading this, she will understand a bit more why I choose to ride here. Because the flavors of all other things in my life stand out, are stronger and sharper; all experiences take on their own identity, made clearer by the feeling of being completely alive. It is like salt on the plate of food that is my day.

If I go too long without that feeling, I can forget to look for it, and to cultivate it. Its my little garden and I keep it alive, surrounded as it is by chaos and mere anarchy. That feeling is a phase – shift, a state. Like the places I go in meditation. Or it’s the exact yang to meditation’s yin. The latter is done in the dark, inside, in the quiet, with eyes closed. The former is done fast as can be, outside, engine growling into the rushing wind, eyes wide open. A quickening, to meditation’s stillness. Both make me feel present, in this moment. I ride to keep the balance.

We must all maintain our Zen. It is the contemplation of impermanence. Without constant practice, it will disappear. My motorcycle is one way I maintain mine. A way for me to not be bothered by the rain. Or the noise. Or the pressures of my particular perspective. Or other people. Or unimportant things. Or my own shortcomings. Or the shortcomings of others. Or the natural, unconditioned state of my free spirit.

I get that from riding my motorcycle.

And that is a little piece of Zen in my life, that I can share with you.

Observations on the Via to Guadalajara

Cement and cinder blocks dot and bunch in lots alongside the Via to Guadalajara. I am on a bus, to get out of the noise of San Pancho, to celebrate a week of slow travel in Mexico, and maybe to buy a little moto… we will see. It’s an adventure.

A fat and lazy sun does its mediocre best for a February midday. Such things matter here. Oxxo’s everywhere, like some monocultural organ in the body politic.

Haciendas directly front the main 4-lane Via – turning into apartment buildings – then shops – and – Voila! A Pueblo, or a major Mercado Central.  There’s little difference between the two.  Here’s the taxi stand… white stenciled sedans fleet and flit about, marked by their home Mercado.

I pass dry dusty earth, caught in a mess of tropical vegetative chaos. Agave farms, i would guess to make into alcohol, in various stages and healths, like a Mezcal version of Napa county in my home state. The wild vegetation here is hungry, clawing to climb anything that stands, reaching like a drowning castaway clings to a would-be-rescuer, pushing both down.  The whole vast landscape looks sun-blasted, yet right now seems to be catching its breath.  At least a few months of respite from the ruthlessness of the summer sun. 

Palms proliferate, happily sprawling any expanse of favorable earth, cultivated or not. Some palms are made to live in order, some worship the gods of Chaos. The countryside presents itself gently with rolling hills in partial vegetative cover, greens and browns in mostly agrarian formations, much of the flat land cultivated.

Orchards, of this or that or those, grow into a single solid overstory, otherwise seemingly healthy. A dark mystery lies waiting between the trunks. The shadow stretches quickly away into darkness, out of sight. Nothing much grows under there, though thoughts of what may lurk are easy-come. The mind speculates quickly out of control.

Little country huts, half hidden in fruit trees on hills, tickle my simple, pushing invisible buttons of a dormant child-like imagination. I smile.

People, in surprising quantities, everywhere. Mexicans like pastels. It’s a thing here. But it’s hard to say why? Likely because they are the furthest away from the ubiquitous didgy gray of the unfinished cement block houses. That and bright shocking purples, yellows, and reds are the colors represented by flowering succulents of all types, the mainstay of the native flora. I see a fair amount of ‘Se Vende’ signs, on buildings, complexes, hotels or lots, from my tinted bus window.

A man emerges from the tree line, his face all shadow and angle in the overhead sun. His smile exacerbates the shadow, just as the local friendliness of the gente makes the chaos and disinterest in my comfort all that much harder to bear. I am challenged by paradise here, spoiled for the paradise I left, where I long to be now, where warm arms await, at least in the back of my mind, where partially-imagined hopes lie.

Goodbye Sweet Sedona

My sweet refuge

Sedona 2020

Goodbye to your vortices, your scrub oak. Your bittersweet manzanita hills, crimson woven to ash grey fingers, crowned in red berry and mini green leaf. Your krumholtz tree-spiked cliffs, gnarled and wizened… Goodbye to the winding trails that always give more than take. Goodbye to teacup, coffeepot, ship rock, snoopy rock, rabbit ears, chicken point, bell rock, cathedral, soldier pass, bikini rock, mitten, devil’s kitchen and devil’s bridge… and all the undiscovered devils waiting to be revealed in future rockfall. I have but to walk 100 feet for your faces to change.

Goodbye to the dune buggies and trucks with confederate flag-painted doors. Goodbye to the mostly out-of-towners in your restaurants, and out on your popular trails. Goodbye to your good residents trying to navigate a disappearing middle ground.

Goodbye to the expanse of time and space that makes all of this disappear. Goodbye to your secrets, your surprises, your unknowns. Your twisted vortecies, your roaming Javalina families, your high-country Elk and occasional predator sightings. Goodbye to the birds- the canyon wrens, the hummingbirds, the robins, the bluebirds, the western Jay’s. The owls, hawks, crows, and falcons that rule the sky.

Goodbye to your ruins, your caves. Goodbye to your bone-dry air and your Imperial sun. Goodbye to the threat of needles needlessly lining every path- the agaves, yuccas, prickly pears, your grasses and brush. Your junipers and sage, and the occasional baby-sat barrel cacti.

You have made me appreciate the stillness, the solitude, the peace found in the expanse of an alien landscape, living with a tenacity unfamiliar to the lush, rain-fed greens of the Northeast, or the Pacific Northwest, where I have spent my whole life. The minimalist beauty of the un-developed raw desert landscape. I have grown fond of your endless generous gifts of surprise and delight, just around this corner… just up over that rust-colored mound of wind and rain-sculpted wonder…

Here, where no human touch demands to be seen, out on your bridge to the unknown, I found my rhythm. I hit my groove. I caught my stride. I landed on your soft, age-crusted dirt, and began to live again in harmony with myself, which cannot happen without harmony with you.

May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds.

-E. Abbey

Dreams and Quiet Voices #1

Spending a lot of time alone with oneself does strange things to one’s mind. Not bad, don’t get me wrong, but things that you might not want to talk about in public. So of course I run to my blog to talk about it, because it’s so private…

I am convinced my subconscious, my intuition, my quiet voice speaks to me through the songs that get stuck in my head. Not all for the same reasons, and not all in the same way. But for example, if a song is in my head while I am asleep, and I dream the lyrics over and over and over, as happened yesterday, it is significant.

One song that stuck on repeat in my unconscious mind – that vast, fathomless multitude of self that processes 80% of the information I absorb daily, and tries to make sense of it nightly – was ‘Apple Tree’ by Erika Badu. It’s significant that this is a song on a playlist that I listen to, so it did not come from deep within me, as some songs do that I haven’t heard in years… but it wanted, and got, a moment of its own, to make its point.

The lyrics ‘I work on pleasing me ’cause I can’t please you…/ and that’s why I do what I do’ and ‘I don’t waste my time trying to get what you got,/ and I don’t mess around tryin’ to be what I’m not’ are exactly why this song hijacked the feedback mechanism between my conscious and unconscious mind, for a few hours in the early morning.

I’ve been working on myself, developing my creative expression, and asking myself what I want to be and do, and who I want to be daily for the last 5 weeks. The questions are part of a project, a program, if you will, that I built around my day, to give my free time structure and myself some direction and discipline. It’s difficult to structure time and spend it well, when there is nothing external to peg to. No schedule, no commitments to other co-workers. My priorities, my goals, my time is entirely my own. That has been a problem this year as we all deal with social isolation and the pandemic. It has been a fruitful time of introspection at long last.

My subconscious was having a party. The party had a one-song soundtrack. And Erika was the guest of honor, because she wrote a song that is just TRUE for me right now. I am just being me, not anyone else, and I can’t be bothered to care what anyone thinks about it because I am LOVING it! My life is full of the things I love, all day long. Not just in a short term satisfaction way, but the long term, important not urgent things that help me progress towards my life long goals – Creative Writing, brainstorming for business, talking to friends, and good, comprehensive physical health goals. Exercise, diet, and clean living.

When my unconscious sings to me, I listen. My muse, my guide, my self is talking to the tiny part of the multitude I am that is called my conscious mind. All of my daily meditation, all of my journaling, and my exercises to face the tough questions in myself; all of it together helps my conscious mind shut up and listen, and choose to be quiet. This is the way to pursue that elusive Jungian goal of total integration of self. My practices are my chariot, diverse forces harnessed to pull me towards the goal of self-knowledge. It is a bonus that I know myself enough to recognize the message in the music. Party on!