These Mastermind discussions with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z, nostr:npub1s9z7pwy96thwt7zvmrlpfnddstezxxphx9rx3m0660sgkwld9eescjnszc, and nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs are some of my favorite conversations of the year.
Just four dudes sitting around, talking about life, the economy, #Bitcoin, Blackrock, scams, price targets... and whatever else Preston brings up.
Strong recommend that you pour yourself a beverage, put the discussion on, and enjoy the conversation with us.
Also, tune in to find out why I think nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs will lose his #bitcoin bet and have to eat a pumpkin pie this Thanksgiving.
This was a great discussion. Thanks gents.
What would be your preferred method of hedging, nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l ?
I often wonder who makes all the YouTube videos about every random car repair scenario.
Like who, actually, does it.
Someone. Obviously.
Question though nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa !
How exactly does it work?
1) $100 dollars deposited at institution A, A keeps $10 (with a 10% reserve ratio), and lends out $90, the $90 gets deposited at B, who keeps $9 and lends out $81, and so on and so forth until the $900 is created, or
2) can A hold the $100 and create $900 worth of loans straight away?
And if it’s 2) wouldn’t institution B then be able to create $9,000 of loans straight away from the $900!?!?
The Bitcoin Standard will always have a special place for me of course.
But is it sacrilege in the community to say Broken Money is a more important work imho?
That video (English only for me unfortunately) is incredible. Have shared it with many people.
I have to believe there are a lot of people who bought during the 2021 run that have been suffering from get-back-to-even-itis the last 3 years who are just happy to do so. Still lots of selling from that cohort imho.
As I am receiving my Masters in Finance, I can’t help but feel intense sorrow for the trillions of dollars of capital and the world’s most intelligent and talented minds being spent simply on how to escape to ubiquitous theft of inflation.
Under a sound monetary system, where your money maintains (perhaps evens accrues, h/t nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe) its purchasing power over time, it makes far less sense for laypeople to accept the risk of investing when they could simply save.
Save in #bitcoin and spend the rest of your life mastering your craft, enjoying your life, and building a dynasty.
I am right there with you, Bro.
I just started studying for L3 of the CFA exams.
I am 2 in so I want to finish.
But I can appreciate the feeling.
Sometimes it is difficult to continue on when continuing on means accepting (for that purpose) certain ideas I feel are straight up not true.