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Ryan Reynolds
21e21de0a97c6c17ea3a44ddde83bd9f5469063fc10da997669950e09ff47d15
Yes, this is my real name. BTC Class of 2020 Mansuetus mane et sats accumula

I had a history professor many years ago, whose tests all ended with a big, complicated historical question, and a very short answer line. It was a freebie, if you had paid any attention to the man, but also a lesson. The answer was always:

‘Multiple Factors of Causation’

Boy, they really don’t understand us……should probably move their HQ

GM & Merry Christmas!!

Shrimp & grits, with Andouille……

Merry Christmas!!

100%.

I use Swan, but that is more because I have been for so long.

River (bitcoin interest on fiat is sweet!) and Strike are great as well.

Wouldn’t it be more of a Private Bank Digital Currency or a hybrid, in the very American Public/Private way? Not saying that is any less nefarious.

So, I’ve been pondering D.O.G.E.

Everyone is saying ‘you can’t get to $2 Trillion, because you can’t touch Social Security, Medicaid/care, Defense, and the Interest on the debt’.

I’ll grant the debt payments. But as to the rest, I think a distinction is being missed. We keep talking about how much they cost/spend, not how much they deliver.

If, say 60% of Social Security’s cost is payments to recipients, the other 40% (or most of it) is fair game through streamlining and efficiency, no?

Kind of makes me think Elon has played this game before (Twitter).

I understand you still have Congress to deal with - last week was not promising - but I don’t think it is mathematically impossible.

Replying to Avatar Luxas

I have several friends from HS who I knew only by last name or nick-name, until we were approaching 30

‘Dan, who the hell is Dan?!?’

‘Oh, Verno. Got it’

Replying to Avatar HODL

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

2ish. I don’t sell, rather borrow against.

I realize this isn’t feasible, right this second.

But 2 over 1, all day. Plus I’m a tightwad, so I sell way less.