I believe some responsible leverage makes a lot of sense. When bitcoin is at $1mil + and you want to take advantage of some of that purchasing power. We know that the dollar is going to zero so if you can get favorable loan terms I think it is a smart move. What is the point of Hodling forever if you never get to enjoy any of the gains?

security backed lines of credit (SBLOC) have been the tool of the ultra wealthy for a long time. The "Buy, Borrow, Die" strategy has proven to be extremely effective against the backdrop of a collapsing fiat currency.

Bitcoin is the most pristine collateral that humans have ever had and as it explodes in purchasing power over the coming decades I encourage all of you not to sell but to borrow dollars against your bitcoin in order to acquire more desirable assets. This is effectively a means of shorting the dollar as you pay back weaker dollars in the future and your assets continue to appreciate.

We all might as well use the Cantillon Effect to our advantage

"Buy Bitcoin, Borrow, Die"

nostr:note1vnqdcegc2ezw35fw92p4j3r9a0wvcgsjgttevktxj9gcgajklqxqrld64r

$boost

The ability to borrow fiat to purchase real estate is going to be a superpower for those who use it correctly in the years to come.

Combat offers the lowest lows and the highest highs.

I always say no matter how good you think you are you will always run into someone better eventually.

sometimes you are the hammer and sometimes you are the nail.

Such is life

Proverbs 20:4 "The sluggard does not plow in autumn, he will seek harvest and have nothing"

You get out of life what you put in. #proofofwork

GN

It is painful trying to explain to my political friends why I don't care about politics anymore. They feel like they're fighting back against the crazy leftists but I now see it as one big game where the state and central bankers always win. Republican and Democrat are just there to give the illusion of choice.

"Give me control of a nation's money and I care not who makes its laws."

-Mayer Amschel Rothschild

I think that makes a lot of sense. I tend to think that adoption of bitcoin itself accelerates the downfall of Keynesian ideas and the fiat system. As more and more people fiat and enter bitcoin they are also incentivized to borrow dollars to acquire further bitcoin and other assets essentially shorting the currency. We all have some level of time preference to use Saifedean's example the man that defers consumption to build a boat still intends to use the boat before he dies. We are all willing to be patient while bitcoin grows and fiat fails but I think we should do what we can to help it along.

PS I stole your profile pic for my banner...

I am unfamiliar with acceleration theory. is this it? anything that supports Keynesianism is high time preference in my book. Investment comes before production which comes before consumption.

https://www.investopedia.com/terms/a/acceleratortheory.asp

Yes, it just manifests itself in many different ways. People blame it on corrupt politicians, greedy businessmen, racists, other countries, ect.

We all know there is a problem but few understand the solution.

Nothing at all would happen to bitcoin.

Im guessing some bad things would happen to Satoshi however.

Agreed Dave Ramsey is clearly a smart man who does give good advice. however, unfortunately many of the things he preaches are broken due to the perils of fiat. Staying out of debt is good unless your currency is collapsing in which case savers lose and debtors win. As a multimillionaire with many appreciating assets he has little incentive to understand fiat or bitcoin.

Good point Dave we never thought of that! LOL

Something tells me Dave hasn't done his research...

Wild I also started my no THC journey 5 days ago. It's incredible how much sharper I feel, sleep is a challenge but my dreams have been amazingly vivid.

Stay strong brother we need to be functioning at our highest level to be prepared for the coming years.

1.) 21million

2.) 2016 Blocks

3.) sha 256

4.) 10 min

5.) Craig Wright is a liar and a fraud, We are all satoshi.

Elon on the latest Joe Rogan pod stated that X is the only social platform that isn't currently caving to the demands of the government.

Either he hasn't heard of Nostr ( which I find very unlikely) or he is unwilling to mention it because he knows it is a threat to his business.

Either way, #Nostr doesn't care and cannot be stopped by anyone.

GN

not sure i've had this issue with other people as well, I use alby for my lnurl I will have to tinker with it because I occasionally receive zaps but people often tell me they cant.