First principles thinking

Yes, they are over-valued in today's dollars let alone tomorrow 's Bitcoin.

It's affordable now only because of Bitcoin. But for the masses without Bitcoin it's still not affordable.

To me this means those prices have to come down so much.

It's like a reverse Hyper bitcoinization as each house buyer wakes up to how bad a house with monetary premium purchase is.

Ok, I get confused on this one.

if 4200 SATs would pay a team of people to build a new house for 6 months and the property...then that's what the house will be worth.

I would assume in that world that a yearly salary would be somewhere less than 4200 satoshis.

So my question is, Is it SATs per house or SATs per monetary premium of a house?

So if a house is valued in 10% above it's utility as an investment asset, then the 10% monetary premium should end up evaporating from the house as there would be no other investors willing to pay the premium as they are already saving in Bitcoin.

So it seems like there's a weird elastic stretchy relationship between money and real world stuff.

I am going to need a bigger napkin

Great point. It's hard to believe that anyone knows enough to invest initially in bitcoin.

So either we get some help from greed

or

we are stuck hyper-Bitcoinizing at the rate that we can get people's attention spans long enough to understand Lyn's book

It's a good memory. Apparently the cold mineral water from deep underneath the city is good for beer, bread and baths.

The Bitcoin mining and gold catacombs are just speculation...

Yah you are

How Norwegian visualizes me on this cruise

Very interesting. Hard to believe. This would be a good low time preference outcome for me personally and probably also Microstrategy.

It kinda makes sense because it feels like there are so many hurdles still for people to get onboard. Even now that people have realized Bitcoin is not a speculative bubble they are slow to get setup. It's one more thing to have to invest the time to learn, and they aren't necessarily excited about technology as the early adopters.

You just reminded me that some of these might make a good Xmas present

Very cool.

I've read the two at either end and nothing in between.

Staring out that porthole wishing myself with what I most enjoy -- to stay at home, and friends possessed who do not invite me on cruises they won in Vegas.

But it's a free cruise they said!

Incoming grouchy rant

I have to go on a cruise in a week and it feels like I'm going back to university with all the online account management setup. I hope I learn a lot for all the effort.

First issue is I don't know the name of the ship in the dropdown for the reservation.

I hope it's not the "Pride of the Americas". I can def see that going well

Or the " Encore". Please this is my first and last.

The Norwegian Joy? Give me a break.

I'm pretty sure it's the Norwegian Escape as that's what I'm going to be tempted to do the first island we reach.

Hehe but the camera

God is painted on the ceiling and all is right with the world

Somewhere deep in the catacombs beneath Munich where the Munich RE stores their gold, below the steam tunnels, someone connects the fiber optic cables and cooling systems of the new Bitcoin mining machines.

And even at this depth through the tunnels sometimes wafts the smell of the beer aging caverns of the brewery down by the river where afternoon tourists drank their tour beers and ate butter brezen sprinkled with chives.

And there by the river, breathing out steam of the sauna, the Muellerische Volksbad Armin's new girlfriend dries her hair in the locker room.

A sun painted on the high ceiling, it's like a church. A group of people hurrying into the sauna for the late swimmer price. Jostling into position to file past the little gate and strip off all their clothes layers into the lockers and speed carefully across slippery tile, their butts peeping out of towels to secure a seat in the hourly sauna meister aufguss ceremony.

The feeling of desert dry heat and wood in the sauna followed by steam and eucalyptus of the sauna meisters towels waving.

And then sweating and overwhelmed with heat everyone proceeds to the outside deck and one after the other submits to the torture of pulling a string to drop a bucket of cold water on each head, or climb down a metal ladder into a cold pool of water under the winter starry night.

I mean, I'm not complaining. I'll take the dopamine. Just curious.

Wait, it is a comedy account tho right? Or are you joking now? I haven't seen this in a long time, but he was always posting goofy stuff on Twitter.

If he really is on serious TV then I have even more questions about reality

I did love watching movies of time lapse flowers while high, and cutting into the sections of grapefruit and feeling like I'm scaling the juicy cliffs.

I get a lot of space planets,, and ivy covered houses with little windows and protruding roofs...which they do look like mushrooms I suppose.

Interesting genre. I did fall asleep to some "binaural beats" track the other week which has a warning on it not to listen while operating equipment.

Keeps your potential partner grounded too 😀 and no pet! Unless it's small