'Buy Bitcoin, plant trees, lower your time selection': Sequoia story

‘Buy Bitcoin, plant trees, lower your time selection’: Sequoia story – Mail Bonus

When the market falls faster than a tree in the forest, the phrases “zoom in” and “lower time selection” take root.

“Zoom out” refers to taking a break from nearby price charts that contain news feeds and Twitter threads. Consider looking at the price of Bitcoin (BTC) over the past five years – as opposed to the last 6,12 or 18 months.

HODLing Bitcoin has outperformed HODLing stocks over the past five years.

But what does “lowering your timeout,” – a popular phrase among Bitcoiners, really mean? Usually referred to as Saifedean Ammous, the scout author who wrote Bitcoin standard, Reducing time choices means thinking long-term and evaluating the future over the present.

In contrast to the fiat standard, where money loses value due to inflation; a system where fast gains, instant gratification and instant orgasm make the drug decline, the Bitcoin standard contributes to the delay in orgasm. The theory is that in the Bitcoin standard, the value of money saved in Bitcoin increases over time to be enjoyed at a later stage.

This lesson is a difficult pill to swallow, (especially during the encryption winter) but it is an important step in understanding Bitcoin. At least, that’s what Fangorn, a passionate Bitcoiner who became a tree planter, believes. A software developer and historian with a background in biology, he came across Bitcoin on the Hacker News page in the summer of 2017 (when one BTC was worth about $ 3,000).

Something caught fire in 2017 and 2018, but it took the Covid-19 market collapse in 2020 for Fangorn to “go down to the rabbit hole”. He read widely and participated in the work of the popular Bitcoin author Gigi, who wrote 21 lessons as well as an article called Bitcoin is time. At this point, the light bulb went out:

“Look, this [Bitcoin] is much more than just digital gold. This is a very sophisticated engineering for civilization. “

His desire to understand healthy money grew and he has not “looked back since”. He shared “the only thing to focus on is Bitcoin – the rest is full of fluff.”

Sequoias are the largest trees in the world. What better way to envision low-end choices? Source: Twitter

An outdoor family father with a tendency to plant trees – he regularly gives his father Sequoia trees for Father’s Day – Fangorn’s ideas, like a giant tree, began to sprout. He linked the points between the low-choice, Sequoia trees and the Bitcoin network:

“I can look at these trees when I’m 100 years old and think, damn it, it’s going to last another 3,000 years. And my grandchildren, great-grandchildren, great-grandchildren will think, “Thank you, Grandpa, for planting this tree thousands of years ago!”

Like many Bitcoiners, Fangorn believes that the Bitcoin network will sustain civilization as a safe haven for years to come. In addition, Bitcoin and Sequoias are quite similar, they take “a lot of work, stand the test of time and lift the human spirit.

“This is what enables us to focus our minds for thousands of years, plan for the long term and reconnect with this core element of civilization, which is to lower one’s time choices and plan for the future.

In fact, while Bitcoin is a tool known for its “number-raising” features, it is also a tool that allows for long-term prospects.

He says that “planting trees is very easy, a great cost-effective way to explain” what a short-term choice is. The tree is a visual representation of low-end selection; the roots are the internet. In addition, the planting of trees flies in the face of the environmental FUD that Bitcoin is often exposed to.

Fangorn encourages Bitcoiners and no-coiners to plant trees to provide low-end choices. He sent seeds to Andre Loja, the man behind the Bitcoin policy of the island of Madeira; he distributed seeds at the Bitcoin Miami conference in 2022 as well as at meetings in Winsconsin where he resides.

Sequoia seeds were given to Andre Loja in Madeira. Source: Loja

He jokes that when Hal Finney (the first person to get Bitcoin traded) comes out of his freeze, “After 3,000 years, I want there to be 21 million trees full and 30 feet in diameter – trees that were planted in the early days. “

Bitcoin will enter its fourth period sometime in 2024 and its last period – when the last Bitcoin is processed – in 2140. In 2140, Sequoia seeds Fangorn and other Bitcoiners will now still be considered young trees: they reach full maturity after 500 years.

For Fangorn, Bitcoin earned today should still exist, even used to pay for the goods and services of his great-great-grandchildren.