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Yeah, I suppose you’re right. To clarify, I’ll go full Bitcoin standard as soon as the projects I’m working on allow me to take distributions in sats (Break the Stake book I’m writing, O&G mineral right and working interest PE fund also hodling BTC, as well as a possible podcast in the works). Otherwise, I don’t want to draw against the retirement stack until I have to.

Jon 1y ago 💬 1

That’s awesome. I think one of the mindset shifts that I’m having to work through is the idea of “savings” vs “retirement.”

Fiat world says lock up your money in tax advantages accounts and don’t touch it until you stop working. BTC standard says it’s all just savings and you do with it what you please. I’m not saying it’s wrong to set aside bitcoin for a long time period like retirement but I think we’re really going to have to think through what that means. IMO, retirement is a bad goal. Getting to choose what you work on is not.

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Discussion

Jake Galt 1y ago 💬 1

Yeah, there are many gyrations created by inefficiencies in the fiat matrix (key concept in my book). Take cash flow. My tradfi normie buddies view bitcoin’s lack of cash flow as a negative attribute. But a cash flowing investment is such a fiat concept, as a deflationary asset (as opposed to inflation based valuation w fiat) doesn’t require any cash flow. The mindset shift as the world continues to change will be wild.

Jon 1y ago

Put me down for a pre-order!