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Jocelyn Hinoue
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Replying to Avatar HODL

Story time:

6 years ago my mother in law was left penniless in a surprise divorce at age 67.

My father in law (piece of shit) had left her with nothing and planned to dump her on social security.

She was working as a pre school teacher making $14 an hour.

We had to move fast.

Father in law literally shotgun divorced her.

Showed up at the doorstep with a notary and manipulated an emotionally fragile woman into a binding legal agreement.

I was pissed.

I showed up a few hours later with a series of financial plans.

And with tears still streaming down her face in the kitchen of her tiny apartment, she picked one.

I gave her 3 options.

1. Aggressive

2. Extremely aggressive

3. Dave Ramsey rice and beans

She chose number 3.

Over the next 4 years she rode her bike to work everyday. Watered down her lemonade. Spent nothing on herself. Walked dogs for extra income. Took weekend shifts at the preschool. Showed up early. Stayed late and against all odds was able to save 12k a year on a salary of only 27k.

I set up a couple retirement accounts for her and whenever she would scratch $1,000 together she would give it to me and I would smash buy GBTC or MSTR.

My mother in law has never invested a day in her life and I didn’t want the news or some boomer friend to freak her out, so my wife and I just tell her she’s invested in “the market” 😂

When Bitcoin (the market) is doing good, we tell her and when it’s not we just… don’t tell her lol

So she’s effectively shielded from the emotional volatility of hodling. Which makes her a very good hodler.

Fast forward to today.

I helped her retire from the preschool. She is now living with us and helping look after her grandchildren.

She went from being near suicidal. My wife and I were legitimately concerned about her mental health. To a happy healthy and vibrant grandmother.

And as of yesterday she crossed 500k in retirement accounts.

I expect she’ll be a millionaire soon.

She can now comfortably retire with dignity.

This is not something that would have been possible without Bitcoin.

As cool as it is to see people like @saylor make billions of dollars these are the stories I live for.

The average person fixing their life with bitcoin.

It’s so fucking beautiful man.

Life’s good.

great story and great work bravo

I would not have written this as eloquently but I 100% agree with you Bayman11771 nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx is one of my favourite voice in the space, honest moral unrelenting and dare i say it humble

nostr:npub1kyk7ac33apd7cx0nun3laevf84zfhr8pt8kj4h8v7cpx9t72d4gqkyea0g love your posts, always spot on about nutrition and all the lies we have been told.

well well well things are starting to heat up

ha could not agree more Paco de Lucia and Baden Powell are two of my favourite guitarists of all time :-)

self custody is one of the most important aspect of this new tech: bring it on!

Replying to Avatar gladstein

Whenever I see statists like the ECB get upset about Bitcoin, or when I see more brazen regimes try and actually implement an all-out ban or crazy tax scheme, I turn to my favorite bit of writing anywhere on Bitcoin and remind myself that a ban is the Berlin Wall and that “fragments of any ban will one day become souvenirs of the folly”

Bitcoin is Ariadne by nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt

“Bitcoin is often framed as “competing” with fiat currency. This is true in a sense but I fear there is a rhetorical danger of invoking the wrong kind of “competition”. It is not a fight, for example. There is no conflict. Bitcoin is not trying to damage or sabotage its opponents, because it isn’t trying anything and it knows no opponents. It has no awareness whatsoever of who might oppose it or why. It is simply an alternative; an exit valve; an opt-out. It is competing only insofar as it is proving to be a far superior alternative. It is not a sword for Theseus to fight the Minotaur, but a thread to follow to exit the labyrinth. Bitcoin is Ariadne.

There will be tremendous value in normalizing this rhetoric amidst the likely growing chorus of opposition desperate to smear Bitcoin as inherently nefarious, or hostile, even. Opponents must be forced to explain what is wrong with people interacting freely, and why true goodness can only follow from coercion, in their understanding. Should those who have found a way out of the unbearable labyrinth of capital strip mining not take it? What do they owe the Minotaur?

Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally defined as a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?

… It is worth working through the optics of any decision to engage with Bitcoin in a truly hostile manner, because it is certainly coming. McNeill reminds us that, even some seven-hundred-or-so years ago, “the breakdown of established patterns of conduct always appears deplorable to a majority of those who witness it.” By no means do I have a utopian outlook on this subject — rather, it is something of an intellectual rite of passage to accept the nonzero utility of dystopian paranoia. Bitcoin will be banned, many times, in many places. But a ban is an open admission of practical and moral failure and is arguably the best advertisement of all. A ban is the Berlin Wall; fragments of any ban will one day become souvenirs of the folly and cruelty of repression. Bitcoin doesn’t force anybody to stay. They come, and then they stay, because they want to — because it is both practically and morally superior.”

great article thank you for sharing loved your books too

I love nostr I never used Instagram and twitter and deleted Facebook 4 years ago and linkedin about 6m ago and I feel great thanks to all the devs and people pushing for freedom. no algos just humans