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Why in the world would I part with hard money for low end garbage bar food? Why would I part with it for a scone? Why?

If you want my Bitcoin you need something lasting to get me to spend it. I would not even spend it on a production model home that I know will be falling apart in 15 - 20 years.

It is clear to me many simply do not understand where we are in the arch right now. There is nothing you can buy today that will as value able as Bitcoin will be in 5-6 years, NOTHING.

HolySats 11mo ago

I think you simplify a bit too much.

You need to include a value added from using a product along the way. Example: living in a one bedroom apartment and be able to buy a house would significantly improve my life, so even in if I had to do a major reconstruction in 20 years, I think it’s easily justifiable to do so since you don’t have to live squeezed in a small apartment in a bad neighbourhood.

But still a good point, and mostly I agree with you. I am also extremely hesitant to part my way with any satoshis I have.

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Discussion

William ₿ Travis 11mo ago

the house point is a big one. if you are spending to improve your quality of life, man that is worth every sat.

Jack Spirko 11mo ago

But my point is YOU ARE NOT.

If you are going to spend BTC on a house you'd better be building it from the ground up or at this point you are pissing away money even with interest rates at 7%.

I have done walk thoughs on 500K new builds as bad as they have been for 40 years, they are beyond bad now.

HolySats 11mo ago

But still I think you are still considerating only the money side of things.

We are talking about “quality of life” improvements that can justify spendatures that you wouldn’t otherwise do.

William ₿ Travis 11mo ago

I agree. quality of life is not measured by build quality. my new house was expensive and not at the quality I would have preferred, but it's on 25 acres of land in the north texas countryside. my quality of life has been vastly improved even though my house isn't as good as the custom home I built in Dallas 13 years ago.

I was convinced of that yesterday as my son and I spent the afternoon cleaning out several of the hundreds of trees I have on my property.

couldn't do that without the bitcoin I put into my less-than house. fortunately, from my equity I replaced the bitcoin i put into the new house, but it would have been worth it to me even if I had been unable to spend and replace.

HolySats 11mo ago

Would love to visit your ranch in the future. Sounds incredibly good.

HolySats 11mo ago

Maybe it’s specific to US?

Because for me owning a $500k “dream house” is something of a endgame for me and my family and would dramatically enrich my life.

And yes, even though it might as well plunder most of my stack (not that I am near close to that number) I would still do it and then stack again even though I’ll probably end up with less Bitcoin.

Jack Spirko 11mo ago

What value added? What in fees to buy and replace, fees to send?

Autism is strong in the BTC space.