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Run a node. Not that hard. Even old guys can do it.
Constant stream of ETF bros and “macro” on my xitter feed. Low signal.
Work. Provide value. Learn to enjoy working hard for yourself and your family.
“Work-life balance” is a psy-op.
Save in Bitcoin. Refuse to “be an investor”
Refuse to save your work in the broken legacy system.
Deleted xitter. Staying away. I’m guessing I will later delete the account. I’m worried for my 263 followers😜
My bitoins are secure.
Locked with scripts that only my private keys can satisfy.
Stored on shared ledger with redundant copies geographically distributed.
The monetary policy is secure.
The risk has always been about f-n up your private keys: yourself or your custodian.
The skill set and knowledge required to secure your own private keys is currently still not trivial; but is far easier than in the first decade. Those (keys/humans) that survived the first decade were rewarded handsomely.
Clear trend has been for better and better tools. Outlook is bright.
Eventually the tools to secure your private keys will be so good that the *risk-gap* closes. Then price appreciation rate will fall significantly.
Those who took - and continue to take- personal responsibility will be rewarded. As it should be.
Those that say “….you were lucky” can GF themselves.
Freedom is all about property rights.
That is it.
Looking forward to the Coinbase hack/f-up that looses 1000s of the ETFers private keys.
🍿
Do they have Fort Knox level security? Do they have an insurance policy? What happens after the insurance policy pays out for key loss/compromise? Coins would either be lost, or in the hands of the hackers. The network doesn’t know about the insurance payout. What would happen to the fee rate of the ETFs?
Private keys safely distributed across the world by individual HODLERs taking personal responsibility is the way.
The Real McCoy is the Real Dan
RFK should be on NOSTR - any sign of him or his supporters?
Insidious effects of inflation:
Everyone feels like they’re “owed something”. Every purchase you make feels a bit like you’ve just been taken.
Then market participants start pointing the finger at each other (or at corporations or certain groups of people).
Then conflict.
Not new. Hard working pleb. Give a follow.
1000s of 5-8 sat/vByte transactions likely to get confirmed in next 300-500 blocks. Act accordingly.
Whoa: Satoshi. Cobain. 6102.
1.1578 x 10^77
#Bitcoin allows for humans to produce value with real work, save without having to “gamble” on risky assets or waste time on developing “investment strategies” to secure their future. Work. Save. Live.
Signif inflation erodes trust. Not just trust in govt or economy, but btw regular market participants➡️You feel it with every exchange: shrinking size and quality of goods leads to feeling like you didn’t get what you paid for➡️Distrust of everyone you exchange with.
Saying that bitcoin transactions are “irreversible” is not exactly accurate in practice. It is like cash. I buy a good or service from a business/person. They have my cash/bitcoin. Product/service is “less than promised”
Presumably they care about their customers/reputation/long term business….I ask for my cash/bitcoin back. Transaction “reversed”. We did this with physical cash or gold for centuries. Some trust in the human you are exchanging with is always required.
Debt crises looming…… some thoughts:
✅Boomers + “older”Boomers had massive gains in wealth since 1970’s. Mostly index funds and real estate. ✅Now they r attempting to drain the last bit of wealth from our failing fiat system via inflation adjusted entitlements
✅20-40yo “kids” will be increasingly focused on this unfair outcome and will attempt to find “political” solutions
✅it won’t work
✅what they should do is go all-in on the parallel antifragile system
✅#bitcoin - ignore at your own peril
…….
✅if u are lucky enough to straddle both “eras”, r open minded & willing to take some risk, u can take wealth from the old system & transfer it to the new one
Hoping to clear some 5-6 sat/vbyte transactions
Could happen soon