You should add BTC to the chart. I hold BTC and MSTR.
Debunking debt disaster from RBC Wealth Management. According to this article we have nothing to be concerned about.
U.S. debt picture is relatively benign when you add in household and corporate debt.
By happy coincidence, the U.S. government can manufacture dollars at the push of a button.
The biggest increases are from the global financial crisis and the pandemic. Without those two events, the U.S. debt-to-GDP ratio would likely be around 40 points lower.
If the U.S. were to shift to debt reduction, it’s very likely that economic growth—and by extension corporate earnings—would decline, at least in the short term.
What does this sound like a bunch of poppycock?
https://www.rbcwealthmanagement.com/en-us/insights/debunking-debt-disaster
Is a master account a must have or a nice to have for BTC to succeed?
https://x.com/bitcoinmagazine/status/1842654530212679976?s=46&t=ZidKllRfIy9Y6yncQCm7DA
Even though agricultural technology has gotten exponentially better/more efficient/more productive, and technology is naturally *DEFLATIONARY* (cc nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe ) food costs more now than ever.
Why? How is this possible?
Because our money is fundamentally broken.
When the government/central bank cartel prints money out of thin air, the purchasing power of the monetary unit (e.g. the U.S. dollar) goes down.
This is called “inflation.”
When centralized powers are in control of the monetary system, they will *always* debase the currency. The efficiency/productivity gains of technology (which should be making everything cheaper to buy) are stolen from you.
This is why #Bitcoin is so important. There will only ever be 21 million bitcoin and no one can print more.
When you save in Bitcoin, you benefit from the deflationary gains of technology. The things you want to buy get cheaper over time when priced in Bitcoin, not more expensive like when prices in any fiat currency.
When you save in fiat currency, your purchasing power shrinks.
When you save in Bitcoin, your purchasing power grows.
Love the technology but wish the harvesting would result in healthy food and not poison.
That is awesome! Please make sure you wrote down your seed phrase and have everything secure.
You are correct, first thing is to fund the on-chain wallet. This depends on what is your goal of this wallet?
If you just need a wallet, for small purchases i think 500k-2m is a reasonable. just remember that you need to have a little bit more in the on-chain wallet than you intend to have in the lightning channel.
If you use Telegram, I suggest you find Nodstrich nostr:npub1hxfkcs9gvtm49702rmwn2aeuvhkd2w6f0svm4sl84g8glhzx5u9srk5p6t and join. I can help you there and many others can provide even better insights.
Thanks. I downloaded Telegram and sent a request to join The Nodestrich group.
Hi TKay,
I downloaded the LND lightning node. I believe I need to fund it with some BTC and open a channel. How much BTC should I allocate to the node and what channel should I open?
Hey!
For 95% of the use cases, yes.
No need to tinker with it. It will just sit and do its thing.
The first setting you might want to change is giving your lightning node an alias and a unique color 😊
There are some settings that you might need to change down the road, but really all of this is due to specific functionalities you will learn with time. Of course feel free to go through the settings page, and read all the settings, nostr:npub1aghreq2dpz3h3799hrawev5gf5zc2kt4ch9ykhp9utt0jd3gdu2qtlmhct does a great job explaining each toggle.
Is there something specific you are noticing?
Nothing yet. I’m waiting for the BTC node to download the rest of the blockchain. I thought I would be able to set up the lighting node today but this may be a tomorrow thing.
Hi TKay. Setting up umbrel now. Currently, updating the blocks on the BTC node. Should I leave the factory settings alone on my BTC and lightning node?
nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle Jack, your patience and respect with Peter was remarkable. He obviously doesn’t understand Bitcoin. Or maybe he does and realizes BTC is a threat to his gold narrative. His idea that gold is physical and Bitcoin is digital and therefore worthless has no merit . All my fiat transactions are digital and my paycheck is digital. If I wanted to exchange my digital fiat for physical currency I could but it would take an act of Congress to withdraw a meaningful amount and many merchants prefer digital payments over cash.
Anyway, I enjoy your analysis of BTC because your explanations are simple enough for me to understand. You make Mondays great again with your Money Matters podcast. Enjoy your Dad’s commentary and Dylan’s insights as well.
Which hat looks better, Ten31 or My American Bitcoin hat? Help me settle my blood feud with Ten31 over nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx ‘s cranial real estate.
Ten 31 but the Bitcoin hat is cool.
Ramsey, Berkshire and even Suze Orman don’t get it, even though Suze advocates buying Bitcoin.
Suze Orman says 'everyone should absolutely' own bitcoin—here's why https://www.cnbc.com/2024/09/08/suze-orman-says-everyone-should-absolutely-own-bitcoin.html?
Good morning Nostr. Been trying to add a wallet to my Fountain ap but when I click on the link in my email or copy and paste the code it’s say “Something went wrong please try again.”
I have tried this process for several days with the same outcome.
My Fountain account is connected through my Nostr account but I believe I need a funded Fountain wallet to send sats to the creators of the pod casts I follow.
Good Day Uncle. Disconnecting is a must.
I deleted my FB account about 5 years ago. In short the site was toxic and the content was useless.
I then turned to X for my daily news and content. Lately my feed is full of political discourse which leaves me with anxiety and an increased sense of how inept our government is.
I’m hopeful the combination of Nostr with What Bitcoin Did, (Rebooted), Rabbit Hole Recap, The Bitcoin Podcast, Coin Stories, Money Matters, Bitcoin Park and Pomp will eliminate the need for X.
Done, love your show. The news block is a great way to catch up on the weekly BTC news
I've been doing consistent long walks in the sun around my neighborhood while the weather's nice. Doing some business calls while walking, or listening to a podcast while walking.
I mostly blame nostr:npub1dvufvl73s0xdz8d75dgcyjvl0wrmczczvr0ef88g5x8uehmr4fus0j0pwx for getting me into this trend.
Love it. I walk 2-3 miles a day. Clears my head, allows me to reflect on the positives in life, and focus on the good each day. A walk a day keeps the Doctor away.🤪
Senator Lummis and the state of Wyoming understand s Bitcoin.
https://x.com/tftc21/status/1830668548668342766?s=46&t=ZidKllRfIy9Y6yncQCm7DA