if it is not obvious yet the game is gold vs bitcoin

competing monies, one will win

my bet is on bitcoin, all in

Help me decide

Talked to a friend tonight who had a few coins at some point. He leans more left, got scared of Trump and said markets would crash so he sold around $65k. Says he's sitting in high yield savings and will just pay off his house when he can.

Broke my heart.

He bought on knowing me but never really read books or heard podcasts so his understanding never grew

As a millennial, I say it’s time to rugpull the boomers. Maybe they can just cut back on the Starbucks.

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

The world would be a lot calmer if everyone learned how to surf and bask in the glory of the ocean.

Looks like the US Marshal Service is selling bitcoin.

I am a huge fan of intermittent fasting. I’m super excited that Kamala has started promoting policy that will lead to calorie restriction. It’s going to do wonders for public health.

I posted a bunch of evidence on Twitter for how 1) grocery stores have razor thin margins, 2) food producer margins are more average but haven't changed in two decades, 3) of course farmers aren't the ones getting rich so 4) no, the food companies are not gouging you on prices.

It's monetary inflation. Grocery stores and food producers are trying to keep up.

Most people agree due to the inherent audience selection, but the tweets kind of went viral and reached a broader political audience, so a bunch of people came in like, "How come they can put chips on sale for 50% sometimes!?!? Checkmate Alden." (it's because they don't understand fixed costs vs cost-of-goods sold) or "How do you know any of the filings are real? What if they're literally all just lying on their audited SEC filings?"

Post-truth, some of people are. The grasping for price controls is the short-time public and political instinct that ultimately makes things worse, every time.

In n out is the perfect fast food cheeseburger and it isn’t even close.

East coasters in heavy denial over this one.

REPLY AND GET ZAPPED. LET’S KEEP IT SIMPLE.

AND YES, A QUOTE POST IS A REPLY. 😎

Absolutely fucked off with relatives’ reaction to anything to do with bitcoin. I’m expressing the scenario here to get it off my chest as I got quite frustrated and would like your opinions.

Scenario: myself, sister and her husband attend a BBQ with Romanian neighbours. Another Romanian guest mentions bitcoin/crypto. Obviously I’m interested to engage and discuss further with this guest until my sister and husband interject (rudely I might add) and outwardly say “he’s (referring to me) not taking about bitcoin again is he” and literally put me down in front of all the guests - seriously what drives people and even relatives to feel the need to interject or dismiss a conversation that actually had nothing to do with them apart from them hearing the word “Bitcoin”.

Are their minds that negative about it?? Urrrgh!!!! At least just let me have a chat with someone else who is also interested and brought it up. Spoiled the evening entirely!

#Nostr, it is time. Give me your best shot #plebchain

5-3-E (Please don't make fun of me 😅)

Suits have proof of work.

Wish more men in BTC would wear suits and not hoodies/jeans/sneakers.