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Of course, fancy trucks and cars with fancy cup holders.

A few monhs ago, my son was embarassed because his friend came over and made fun of me for driving a 2012 Prius C.

Most middle class people don't know how to deal with being made fun of for "looking poor."

I've learned how to deal with it my whole life, because I've never made that much money. Turns out, that was a blessing in disguise.

Dr. Bitcoin, MD 5mo ago

This!

My kids grew up watching me drive a used 2008 Kia Sedona minivan…until about a year ago when I embarked on teaching them another lesson: borrow dollars, don’t sell bitcoin.

My cybertruck cost ₿2.25 the day I had to pay for it. But by shorting the dollar, total cost were I to sell bitcoin today to pay for it would be ₿1.35, including finance costs, taxes, registration, etc.

I learned at a young age that borrowing was bad, especially for a car, which is why my wife’s middle of the road new 2017 Honda minivan cost me ₿7. Ouch.

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Discussion

Marc 5mo ago

I hate debt, but it doesn't make sense to sell sats and pay cap gains to buy an $8,000 fence, so I'm taking out another loan.

I would try a bitcoin backed loan, but I can find a better interest rate with a FICO score backed loan.

That's how I know we are still early. The bankers are still retarded.

Dr. Bitcoin, MD 5mo ago

Yup. And beware the bitcoin loan capital gains trap: if you give up unilateral control of bitcoin, it’s arguable you have transferred ownership and hence triggered capital gains tax.

Marc 5mo ago

Good point.