Any thoughts on the thesis that banks can essentially buy these for free by asking for a loan from prime brokers? nostr:note13ulpjg8pc3ytrr7xjx7fu7p3eexwxc392gh4tn2zjysrlhc2wvssntwdzz

A lot of people have heard my moped story, but heres the math on it.

In 2016 I needed $5,000 to pay my wife’s master’s school tuition.

I didn’t have $5,000 cash at the time, but I did have bitcoin.

Bitcoin was trading at roughly $500, so I would have had to sell 10 bitcoin in order to pay the tuition.

I didn’t want to do that so I sold my car instead for $5,500.

I took $500 of that and bought a shitty moped and used the rest to pay my wife’s tuition.

So I rode the moped around the rest of the year and everyone made fun of me. Usually I play this part of the story up, but tbh it didn’t bother me. The people making fun of me were poorer than I was, they didn’t understand bitcoin or the market or even basic budgeting.

When people would make fun of me I would tell them why I was doing what I was doing. Then I would start peppering them with questions about their financial life.

“Oh so you financed your refrigerator? You’re still paying that off huh?”

“You have a timeshare you’ve never been to? How’d you get talked into that?”

People would generally go from laughing at me riding the moped to feeling shell shocked by me popping their bubble of comfortable delusion.

Still I drove the moped and everyone thought I was being weird and ridiculous and silly etc…

At 100k that decision was worth a million dollars.

At a million it will have been worth 10 million.

And at 10 million it will have been a nine figure decision.

100 million dollars.

I only rode the stupid moped for 8 months.

Ask yourself? Would you face 8 months of sacrifice and ridicule for 10 million in the future?

Because there are things you could be doing today that would generate that for future you.

My advice is to have your own moped moment.

Do something a little weird/cringe/out there in order to stack more sats and then check in on the sats in 10-15 years.

I think you’re going to be happy with the results.

Too many amazing events on the horizon for me to be stuck behind a wall of radiology monitors in the dark fiat mines.

I’m of the belief we haven’t really started the meat of the bull market yet. I think that happens when we start moving quickly away from 100k

My daughter just turned 2 last month. She doesn’t go to bed until after 10pm and for the last 4 nights wakes up between 2-4am for about an hour laughing and clapping. She is slowly killing me. lol

This is why I left the Midwest for Vegas. I just couldn't deal with cold and inclement weather any more. Just too old for that shit.