Good #meme from the Daily Bitcoiner

Good one to pass along to nocoiners - provides a few interview snippets (like 60 minutes, WBD, etc) on the positive economic/climate impact of bitcoin mining. And Trump's recent tweet wanting all remaining bitcoin to be mined in the USA to become energy dominant.

https://www.youtube.com/watch?v=l-dBLPr8VVY

====

40% of respondents said they can't plan beyond the next paycheck they're living paycheck to paycheck while 46% said they don't have $500 saved for an emergency. Keep in mind these are middle class people. In fact one in five said the most they could cover is $100

====

Bidenomics simply magnifying and accelerating the result of every empire ending fiat collapse.

https://www.youtube.com/watch?v=Ru_h7s0ahow

====

the bureau now says we lost almost 300,000 job openings last month. Worst they revised down the previous month so that comes to 750,000 lost job openings in just 2 months

Those following along at home that makes 2 million lost openings in the past year even by the bureau's creative math

====

https://www.youtube.com/watch?v=fiQAo_L2zH0

My wife's 200+ day streak in DuoLingo isn't cutting it.🤣

"whether you're right-wing or leftwing, it's all the same bird and that bird is broken money"

via The Bitcoin Daily show and Dante Cook

I also always appreciate a good Thomas Massie soundbite, also...

and how about that 2.3% change...WTFHappened2020-2024.

https://www.youtube.com/watch?v=3DKGeOxP6cI

====

$14,000 per migrant...that's roughly 10x what the border wall would have cost.

...

it is 7 times more expensive NOT to deport...

...

150 billion could be the deal of the century

====

https://www.youtube.com/watch?v=6KK1vfuA7JA

From Robert Malone's Friday Funnies... #memes

Let’s go with that 🥃

Interesting - I’m not celiac but I am sensitive to gluten and avoid all pastas, breads, etc.

But no issue with bourbons - will also do gin or vodka and use an LMNT electrolyte pack to get a strong flavor without all of the sugar crap.

Bourbon a few nights/week. Occasionally red wine on the weekend.

Rest of time is meat, eggs, dairy, berries, honey…occasional chocolate.

Finally got a chance to check out the sites you posted. The Power Law numbers seem to be "reasonable" with the price not reaching $1M until 2033.

Gut feeling seems like that is going to come sooner (but not 2024/2025), and the resistance line says 2029.

I think we could still have it rise that quickly without chaos if it "slowly" starts eating the monetary premium of other assets. Although the two lowest hanging fruit - in my opinion - should be taking market share from bonds (worst investment), gold, and other currencies. And if people really awakened and started buying bitcoin rather than bonds...then yeah, chaos will ensue.

Knowing the possibility of chaos ensuing, I was contemplating property in Mexico - for access without technically needing a plane or a boat - and they hire a socialist president??

Then I think about getting property in Texas (I'm a native), and I hear Marty Bent interviewing Cathie Wood, and he talks about it being115 degrees...reminding me of why I don't live in Texas (I played South Texas football and the heat index during 2-a-days is brutal).

My short list - that I'll probably research over the next several years unless expedited with a stolen Biden re-election - remains:

- Texas, South Carolina, Tennessee...maybe Wyoming

- International: Mexico, Costa Rica, Panama...not sure I'd do El Salvador because it is still one charismatic leader overcoming a lot of years of "inertia" to turn the country around. Although I'm definitely rooting for him (and Milei in Argentina...another beautiful place).

====

there's finally an option that's not about the lesser of two evils...they finally see a road to salvation

====

https://www.youtube.com/watch?v=OXqA7lJoBD8

Yep - one reason why I always chose to be out of debt (never wanted to go under water on my house). But with this, I'd be willing to start small just to get a little more free cash flow.

Only issue I have with the DEBIFI is the minimum LTV it will do is 30%...and I'd prefer to do 5-15%...especially if trying to anticipate those big down years based upon a pretty good history of 3 up, 1 down.

I feel that 2024/2025 would have been an excellent start because bull likely to run well into 2025 (or at least not drawdown hard), but need a longer runway for the BTC to appreciate more than enough to only take out a loan to cover a cup of coffee. 🤣

Educational...

But...how did they stand on the pronoun issue?

The good news - barring an outright stolen election which is never outside the realm of possibility - is that even three rate cuts late in the year should not be enough to save the current administration.

Bad news is that whoever takes the seat in the Oval Office may get to conduct the orchestra on the sinking titanic known as the US (and thus, global) financial system.

I'm really struggling to see the drawbacks. Moss does a good job laying it out in his eBook, and you can download and tinker with the spreadsheet numbers.

You keep your bitcoin, his suggestion is to keep LTV in that 5-20% range to avoid forced liquidation, pay the loan off each year. So maybe you pay 10-12% interest, keep the asset and pay no capital gains, and have an asset that ULTRA CONSERVATIVELY may go up 20-30% per year? The next year you borrow a similar percentage to pay off the prior loan and still have a growing "free cash flow" due to appreciation. And his spreadsheet does take into account heavy draw-down years...and you get to play with those numbers, too.

And going with a multi-sig arrangement with no rehypothetication.

And I'm evaluating this from a perspective of always paying down debt years ahead of schedule. I wanted to sleep better at night vs stress the next payment if I lost my job, etc.

Sticking with the "lying government numbers" theme - revisions of all the "beat estimates" numbers continue to be DOWN. You know, the revisions that never get reported by MSM?

The economy is great! I'm glad I'm semi-retired...also glad that I started saving in #bitcoin. Otherwise, I'd be worried that my retirement funds would NOT last my lifetime.

After initially hearing Michael Saylor bring it up (maybe a couple years ago), and then reading Mark Moss' book and playing with his spreadsheet on the topic, I'm looking into the "borrow, never sell" approach to bitcoin.

Now I see nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 did a video on DEBIFI...and I was doing some reading on their website. Very interesting...

Nice compilation...take away that M2 and the stock indices and real estate flounder. More people should see (thanks to the ETFs and visibility as a political issue in an election year) that #bitcoin will break all correlations and be the only pristine asset whose REAL VALUE goes up when M2 goes up...but stays up when others plummet (again, thanks to math and immutability).

Time to take some of that orange and put more of it into sound money...the S&P 500 is not sustainable by reality while #bitcoin is sustainable by rules and math.

Banana republic...clown world...are we finally getting enough common people that are seeing reality? Will it really matter if we get somewhere between 11-22 million illegal immigrants voting for Uncle Joe?

Luckily, I have a few decades of not blinking on price action when it came to equities...the #bitcoin ride is fun, but I'm not tempted to sell when going up - and almost to a fault, never sell when things go down.

I'm also more willing to adopt the strategy that Saylor originally proposed...and Mark Moss did an excellent little eBook and some videos about: Never sell your bitcoin (and incur capital gains while losing the asset). Instead, borrow against it with very low leverage (5-10%) and watch your free cash flow grow while not paying capital gains and losing the asset.

But I know I still need that multi-sig to have better protection and in today's world I also like the multi-jurisdiction setups.

I know I need to ultimately get around to doing this (I'm 56 and incredibly healthy...but things happen). I'm currently making the classic error of waiting for price to go up to then "afford" to do this level of legacy planning for asset transfer...as well as setup multi-sig across jurisdictions/etc.

Because I setup an IRA - and through current legal precedent (McNulty) aren't allowed to hold a quorum of keys - I've held off on pursuing multi-sig.

Saw this stunning graphic yesterday - compare IBIT to the previous "fastest growing ETF in history"

I didn't know you could monitor the omissions so easily...

I agree about the changes in houses...you walk into a 10x10 room nowadays and say "next". And I do frequently wish for a 3rd car garage (for lawnmower, bikes, motorcycle, etc). The good news is that we actually PARK in our 2-car garage vs using it for a junk magnet.

We did pay off our house - didn't go with "shorting the dollar" because we preferred peace-of-mind with having no debt. Our daughters also both got into their houses before they became completely out of reach (and one is using real estate as their wealth-builder). But I'm still always pondering those "unrealized gains taxes" as well if you don't pay your real estate taxes - which the government unilaterally determines how much they should be - they take your house away. So, do you REALLY own your house?

We also have a cabin, which we now use for short-term rentals, so I could get double-whammied with the taxes. If that happens, I'll just hope the asset prices have stayed up enough to get out and reallocate more to #bitcoin. We are over 55, so I'd even consider the sell one house, write off the gains, move into cabin for a couple years...sell the cabin and write off the gains again.

But will I be selling to BlackRock?? Do not like that idea at all!

Good point - only would be of value if inflation-adjusted. Can't imagine it would not be inflation-adjusted?!? I mean minimum wage was around $3.35 or less when I entered the workforce...and what is it now, $17-20/hr?

Same with all of the #bitcoin pricing - but someone said when they were spouting numbers like $1M or $5M/coin it was in today's dollars/purchasing power.

That is incredibly extensive analysis/sleuthing.