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pickle hil
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Part time demotivational speaker 2xEscalator riding champion Goes to 11

Simple workout done:

- 3:00 max: 95 hindu squats

- pullups max: 20

- neck bridge for time: 2:40

- hindu pushups max: 16

- hanging feet to bar: 11

- 1.6km run: 10:25

At 20k users, at what point do we just all follow each other

The cybertruck explosion thing looks like a weird accident to me.

Lots of different takes, my take: he increases the btc you hold per share when he “dilutes”. Basically you buy the share (at a premium to btc holdings) expecting him to increase the effective btc you hold by issuing debt and shares. To me the question is whether the premium is worth it, ie paying 2x the btc you would expect at least a 2x increase in btc per share over the next few months/years.

With governments coming in the mix I think we need more node runners, you know, just in case. Run a node.

Look like it might be Bukele

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Replying to Avatar HODL

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

Fair point assuming btc doesn’t become the standand. If it does the 20mil will be worthless and you are broke.