Nostr Web Client

Great chat between nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spz3mhxue69uhkummnw3ezummcw3ezuer9wcq37amnwvaz7tmzd96xxmmfdekkz7rfd4skc6tnw3ejummwd35kueg8h22n0 and nostr:nprofile1qqsx2t2c4jh6zpd0s36upl5q9xjjulwmcvmm90vunza30gg3m3xducqpyfmhxue69uhk27rsv4h8x6tkv5khyetvv9ujuenfv96x5ctx9e3k7mf0qyg8wumn8ghj7mn0wd68ytnhd9hx23smfac on real estate and the thought occurred to me, everyone is waiting for a real estate market crash, but if they can print fiat m, they can prop it up forever.

The crash won’t be denominated in fiat, it will be in #bitcoin, it is in Bitcoin, it always has been in Bitcoin. Real estate is something spend spend you Bitcoin on, they get used in exchange for the value you and your family get out of it. It doesn’t store value.

Sell your house, buy Bitcoin, while you still can.

https://fountain.fm/episode/V8fBxqgWoxfG8MMzhNBs

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Discussion

f0xr 6mo ago

Yes. And real estate is a massive chunk of collateral for the banking system. If you understand fractional reserve banking, you understand that nominal price declined in the collateral backing bank-issued debt results in a total banking system collapse.

If you think real estate is going to decline dramatically in price, you're suggesting that either the Fed (a banking system cartel) will allow the complete collapse of the very system that created the Fed for its own self-preservation, or we're going to get 2008 style bailouts with another zero added to the amount.

Dug 6mo ago 💬 1

Fiat system keeps doing what the fiat system does, tick tock, next print. But when it decouples and everyone looking to store value in an actual store of value, I can see it not being long until a single bitcoin will buy a very nice house.