Avatar
grey
4c5ff42cf007d83ca2bbd77c7708511305407c7fe96e9b8034a2bcbea4fe4b42
LITF Bitcoin maximalist Low-Carb Aspiring dev

Can’t control how many we get. But we can make sure we don’t miss the ones we do get.

Ownership is not a binary - it's a spectrum.

Most people think you either own something or you don't. But as inflation and taxation continue to make themselves felt, the line between ownership and "non-ownership" becomes progressively blurred.

Here is what I mean...

One the extreme end of non-ownership is something like your neighbor's house. Provided you are not a communist, you don't assume to have any claim to your neighbor's house. On the ownership spectrum, this would be a 0/100.

On the other extreme end of the spectrum is complete ownership, the only true allodial title - your soul. You can't give away your soul even if you wanted to. It's not tangible. It cannot be stolen. It cannot be outsourced. Your soul is 100/100 owned by you.

These are the extremes. In between, we find financial assets such as real estate, equities, fiat currency, precious metals, and bitcoin.

You pay property taxes on real estate (ie unrealized capital gains, subsidized rent to the government). You pay capital gains on equities when you sell them. If the price of gold and silver rise high enough, miners will mine more of it, debasing your holdings. Governments print money, debasing your fiat savings.

The punch line is this - apart from your soul, bitcoin is the most "ownable" asset in the world. Assuming you self-custody intelligently, it's practically unseizable. The only reason bitcoin gets a 99/100 instead of a 100/100 on the ownership spectrum is that unlike your soul, you could give away your bitcoin if you wanted to.

Other than your soul and your bitcoin, every asset in your life is, at best, partially yours.

The takeaway here is to invest in things in proportion to the degree that you can own them.

Spend no time worrying about the size of your neighbor's house and not much more worrying about how much US govt tokens you accumulate.

Spend as much time as you can purifying your soul. With the time you have leftover, stack some sats. Because those are the only two things that are actually yours.

People who think prepping is “overkill” or “kooky” seem to have forgotten that they made it illegal to go to work in 2020. They shut the world down and nobody was held accountable. They can (and probably will) do it again.

Next time someone says you need to "diversify" away from bitcoin, ask them how many Argenitine pesos they own. If the say "none," ask them why not? After all, Argentine pesos would likely diversify their portfolio.

The improvement was precisely because the government was limited. In other words, we moved closer to anarchism.

I’m shocked more Bitcoiners don’t live off-grid

I run it on a system76 meerkat running StartOS. I honestly don’t think it’s that hard - I just haven’t put much effort into it. My point is just that if it’s the slightest challenge for me, 99% of normies are never giving it a shot

Even if my issue is a unique one, this isn’t good enough. Mass adoption only happens when the edge cases are accounted for.

My Alby node keeps going down and I have to switch my nostr wallet to a custodial wallet over and over.

Realistically, I could spend the time to figure out what’s wrong (and will) but most people are far too lazy and will give up at the first sight of trouble.

As an anarchist, as you long as you respect private property rights, I cannot object

As a bitcoin nerd, I will put in the time and effort to manage an Alby Hub Lightning node.

But unless it gets more user-friendly, few others are going to to through this effort.

Helpful info - thanks Guy.

Curious about your thoughts on Dr. Jack Kruse. On one hand, his work on circadian biology makes a lot of sense. On the other hand, he’s pretty overweight so I’m not sure how much I trust his health advice.

Where do you stand on this?

Replying to Avatar HODL

As a libertarian, I respect Christianity largely for its alignment with individualism. But how do we ensure that the Church never becomes the corrupt institution that the State is?

You get what you pay for.

Unless it’s college.

In that case, you do a lot of paying, but not a lot of getting.

It’s one thing to buy things for yourself, but there’s nothing more fiat than buying something to impress someone you don’t even like