Daniel Batten

Some of the best responses I've got on social media has been from my non-Bitcoin related posts on Nostr.

This current series is no exception.

This is part #3 of the 9 rules of habit forming. If you missed the first two, it's in my post from earlier this week

For context: I put this together for clients some years ago - and many used it to successfully develop new habits (and end old ones) so I decided to make it more widely available.

Here's the third in the series (where I get completely upstaged part way through)

Reason to meditation #3: It eliminates the sunk-cost bias

This one should matter to any Bitcoiner who's ever held an altcoin too long.

Andrew Hafenbrack at INSEAD ran four studies - one correlational, three experimental. These studies showed that meditation reduces the tendency to let unrecoverable past costs influence current decisions.

Fifteen minutes of focused-breathing meditation was enough to shift participants away from sunk-cost thinking. The mechanism: meditation reduces focus on the past and future, which reduces the negative emotion that drives the bias.

Source: Hafenbrack et al. - Debiasing the Mind Through Meditation (Psychological Science, 2014)

https://journals.sagepub.com/doi/10.1177/0956797613503853

What this means is, meditation doesn't just help you HODL, it helps you make the decision to HODL or DCA based on what's in front of you now, rather than what you've already spent.

Things I enjoy about Nostr #3:

If you add an extrernal link to a post on X or LinkedIn, your whole post automatically gets seen by ~10% the number of people.

Nostr does not do this! Nostr thereby incentives people to give source links, which improves both quality of the post and the ease of verifying a claim or getting more information.

This well-researched piece of media coverage from BusinessInsider shows how Bitcoin mining in Africa

"boosts local economies, expands energy access, and lowers electricity costs for communities."

And here's the link to the original article ...

https://africa.businessinsider.com/local/leaders/meet-the-founder-backed-by-jack-dorsey-using-bitcoin-mining-to-provide-cheaper/0xswxpw