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Shock 1971
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Multimedia artist, sunk cost bias contrarian, always be learning, better late than never

Wow, epic!!

nostr:note1xhun7f58wpv2f87putxrfjv8q4jmhky45d4l3sy4gtvjrpg05l4qw4xnq9

Interesting, I posted a video on #primal but it does not show up in #damus for the same account. Anyone know why this would happen?

Replying to Avatar HODL

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.

You continue to inspire me, what a story!

Do you think Bitcoin will radically diverge from the S&P at one point and break free of loosely tracking it?

I recently finished reading Jeff Booth's, "The Price of Tomorrow." The book had a profound impact on my existing sunk cost bias with regard to the current financial system and world geopolitical tensions.

I realize now that I'm starting to look at things through a whole new lens and it feels freeing.

I'm learning so much from nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx and nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs from the podcast and that's how I ended up here, thanks to you both!

I was today years old when I learned what Triffen's Dilemma is.

A post photographic image mix

Am I late to the party or is it still early?