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Well you're not the only one :) Don't forget where I came from. From one door kicking hobby to another.

Yeah.

Just sometimes muse over the way Bitcoin inverted the correlation between risk and reward. It has effectively demonetized almost all investment because it rises in purchasing power so fast, and investments take so long, that hardly any investment can recoup the financial opportunity cost, even if the nominal investment is returned with profit, because it needs to at least 10x within 5 years... forever.

I don't think any investment has ever brought such high personal returns, before, except maybe the colonization of a New World. So, settling Mars or something. Or rebuilding Germany and Japan, after WWII. Or Russia invading Ukraine. Territorial conquest is probably the only thing that can compete with Bitcoin's returns, since anything digital has no lasting value.

So, buy-and-hold Bitcoin or annex Canada. 😅

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Discussion

Laeserin 11mo ago

And the thing with Bitcoin is that the threshold for savings is so low (as you can purchase individual sats), and the threshold for investment is now higher than it's ever been. You need to have a certain amount of resources, to even launch an investment capable of beating Bitcoin's returns.

We've already burned through the equivalent of €100k, in man-hours and money, and we haven't even released yet. Meanwhile, Bitcoin blew past us at over 2x and will probably 2x next year and the year after that and the year after that...

It will never end. You can never catch up, even if you grow and grow. The only thing you can do is leverage your investment to buy Bitcoin faster and more efficiently than simply working at a day job. Or invade your neighbor. LOL

ChipTuner 11mo ago

>Or invade your neighbor. LOL

Laeserin 11mo ago

My eye is on you, Italy. 🧐

Laeserin 11mo ago

That's why I'm thinking that the only smart financial investment, if you don't want to invade Canada, is Saylor-style. Incorporate a real business, take out a corporate loan or issue shares or something, buy Bitcoin, cover running costs and pay back the investors with revenue from the business, repeat. And I think a smart business person can do this more effectively with a business, than an individual can do with their day job. Businesses leverage human potential, especially the potential of groups of humans.

Of course, as you and I know, not all investment is done for merely financial gain. Sometimes people build things because they want those things to exist, more than they want to become rich. There have to be intrinsic human motivators because money is actually a relatively recent invention and humans invested before then, and not merely in their own survival.

DasFrettchen 11mo ago

what if the USA creates a Canada base company that does whatever, funds it and do the Saylor speculative attack on the canadian dollar x10.

I mean is peanuts to them and could gain a massive leverage to eventually anex Crimea, sorry Canada.

basically a misinterpretation of what you just wrote.

Laeserin 11mo ago

That is why I think the people who think we're stupid, because we don't only "just stack sats, duh" are showing a lack of business sense. Bitcoin means that investments no longer have to bring returns _greater than Bitcoin_, they just have to somehow raise your personal Bitcoin-acquisition potential or lower your running costs dramatically, or some combination of the two.

My personal investment, last year, did not net me more than Bitcoin's price increase YoY, but it dramatically raised my ability to purchase Bitcoin, going forward. Bitcoin is cheaper to me, now, at €100k, than it was at €35k, because my purchasing power and liquidity rose so dramatically, so I'm stacking more and faster, than at the lower price. If I play my cards right, it will look even cheaper to me at €1 million, than at €100k.

This is the new investing-return measure:

Can you increase your ability to stack sats faster than the Bitcoin rise in purchasing power?

DasFrettchen 11mo ago

in the future, you will be happy to break even in bitcoin terms. we are lucky to be able to "purchase" it.

HolySats 11mo ago

I am glad I was able to read the whole thing because until the last note I was thinking you’ll forget THE ONE THING why investing in a new business might ever outperform Bitcoin’s gainz.

And that’s exactly the rise in income. And that’s why you don’t have to worry about it and there still be people starting new business just because it can improve their chances to acquire more Bitcoin.

Anyway, well put.

ornedii 11mo ago

Interesting take, makes sense 👍

gojiberra 11mo ago

What was the investment that dramatically raised your ability to purchase BTC?

Laeserin 11mo ago

I invested in my personal skill base, using the project, and got a job earning twice what I was earning before, in full-time homeoffice, so that I didn't need a car.

And then I took the extra time I won, by doing that, and we completed the renovation and move of three houses ourselves, and now I pay no rent and have significantly lower running costs.

gojiberra 11mo ago

Sounds like a lot of risk and a lot of work, and I'm glad it paid off.

I've got to pull a similar manuever soon

Tim Bouma 11mo ago

Just ice and snow here. Canada is Portuguese ‘Ca nada’ meaning ‘Here, nothing.’