Gn #nostr.
Home safely after a 6 hour drive. Visited 2 Harley stores on opposite sides of the state on the same day.
How many have driven through a full tank of gas, no stops? Did this for 310 miles today.
Gn #nostr.
Won't see my daughter for a couple months. Did a lot of shopping today (something we have always enjoyed doing together), so happy we could leave it like that.
Tomorrow is the 6 hour drive home. I may be stopping by a couple HD dealerships.
Better than I expected. But she hasn't ever given me a reason to doubt her, so I'm sure she'll be fine.
Gn #nostr.
6 hour drive today, then tomorrow I move my daughter into her dorm, and set her free into the next chapter of her life.
Big things ahead, for sure.
Or buy less a few months later for 100k. Plenty of pretty smart people thought that had a very good chance of happening. Nobody knows what a future exchange rate is going to be. This is wholly dependent on what your own reserve asset is, and how volatile you expect its future exchange rate to be.
What if I told you...
EVERY transaction you make is a trade against your bitcoin stack, if you are thinking in a Bitcoin standard. Every bill you pay, every coffee you buy. All of it.
That is the way opportunity cost works. Opportunity cost is almost an afterthought in the Keynesian model, but it was briefly covered in my Econ 101 class a lot of years ago. In Austrian economics, it is much more front and center.
If you make a transaction where you got a product or service, and you gave someone some paper bank notes - well, those paper bank notes could have also bought sats at TODAY's exchange rate. Instead, you will pay a different exchange rate (could be lower or higher) the next time you buy sats. You may get more sats or less sats for the same amount of paper bank notes than you would have gotten today.
If you make a transaction where you promise to pay later (likely with interest) for a product or service (or house) - same exact thing. You could have promised to pay later for sats, and gotten sats at today's exchange rate. You could have traded sats (at today's exchange rate) for the product or service - but instead, you took a gamble on what that exchange rate would be in the future.
We do this all the time, in every transaction. We are gambling on what the exchange rate of our reserve currency will be in the future, and trying to make the best decisions to maintain or increase our reserves while also satisfying our needs. My reserve currency is Bitcoin. How that gamble plays out? Only the future will tell, but being aware of the risks, bets, gambles, and leveraged situations I am putting myself in definitely helps me make better informed decisions in every transaction. Like why I bought a motorcycle, in November (fall, here), on credit. A lot of future predictions and bets and gambles were in play here. I could have not bought it at all. I could have bought it with bitcoin, and never paid any interest. I might have been able to buy it with paper bank notes (and probably had to sell bitcoin, because I don't keep that many paper bank notes around). But all that gets simplified with opportunity cost. I bought a motorcycle, which means I wanted a motorcycle more than I wanted bitcoin. This is true. The way I bought it was, in my estimation at that time, the way I could get the motorcycle while also ending up with the most bitcoin in my reserve. That hasn't fully played out yet, but I'm not regretful of the transaction, and I still have plenty of bitcoin in my reserve.
EVERY transaction is a trade against your bitcoin stack, if your reserve is in bitcoin.
I don't make a lot of bitcoin posts here, but wanted to share this note, because it is a very important thing for people to wrap their minds around when considering changing reserve currencies.
What they could have done isn't at issue. Trying to shame past actions isn't helpful either. It is what you do today, with your next transaction. Is that transaction going to be borrowing against your house? Is it going to be handing someone else slips of paper? Is it going to be "charrrrge iiiitttt" on your little plastic thingy? Or are you selling your reserve bitcoin? I actually have another opinion on this, but putting it its own post.
Umm, doing fine? If they had/have a consistent cash flow that enables them to make a fixed home mortgage payment (sorry for those who don't have fixed payments), then all that makes sense and isn't super risky. I absolutely took advantage of a lower interest rate and a much increased home valuation to handle a few things: dropping PMI, and then leveraging up to 80% of my home value with a reasonable monthly payment to get dollars out. Those dollars partly went to some home improvements (new roof, new heat pumps), paid off some higher interest rate debt, and absolutely bought some bitcoin. I don't regret any of that, even though I think when I was doing those buys, bitcoin was around $48k USD. And I haven't had to sell any of it.
Now, doing the same thing right now, at double the interest rate, almost double the house payment? Not the same scenario. Going past 80% of home value, where you are paying PMI? not something I would want to do. Taking on a mortgage tied to rising interest rates, or with a monthly amount that would already be uncomfortable to satisfy based on your income cash flow? Nope. Not discounting your income a bit based on the screwy job market, where you are potentially more likely to be laid off from a tenured position, or are trying to ladder up from position to position between various small companies? Bad idea, your incoming cash flow may be interrupted for months at a time.
So then, for some, it may have been the right idea. I don't mind taking on some low-interest debt, or maintaining low interest debt, to buy bitcoin. That is all MS is really saying and doing. Overall, you are trying to accumulate more bitcoin today, and pay for it by maintaining debt over time. I do this in the smallest of ways anytime I put something on a credit card instead of paying for it with cash, because I already know any extra cash I have sitting around is going to buy bitcoin, not pay down credit cards. That means I need to be comfortable with my monthly credit card payments - and by comfortable, that means I need to be able to make them even if I'm a little short on income for a few months, or if they go up by 25%, even 50%. Or both. I need a plan for that. The last option in that plan might be selling bitcoin, but there should be many options in front of that.
I have not yet had to sell bitcoin to cover debt. I did sell a little bit when I tried to get paid 100% in bitcoin, because I still had to have US dollars to pay bills. I've been tempted to sell some at other times, but converted debt to different forms (like personal loans, for example) or shifted things around so I wouldn't need to. I'm not going to say never sell, but there are other options that may be out there. One of those options may be your house, and changing how that is being paid for. Every situation is different, with different options available.
And I don't know how I will react when bitcoin spikes the next time. Or the time after that. I may sell some, and shift around some debt before buying back the bitcoin. Depends what is going on with my cash flows at that time, I guess. I'm thinking about leaving my current career, even - where I am at with that might make a big difference in what decisions I make. Maybe I use some bitcoin to finance my career change. Maybe I won't have to.
Dismissing (or shaming) an idea that would be risky for one set of circumstances, or even many sets of circumstances, is not leaving yourself open to possibilities that may make sense and be much less risky for another set of circumstances. You are definitely not in Michael Saylor's shoes, and don't have the same opportunities at your disposal - but you can definitely be as open-minded and strategic in the ways you stack.
Gn #nostr.
Getting busy living.
It's been 15 minutes. I imagine you are bleeding out of your eyes now. Stick with it!
Everything is definitely not ok.
However, you yourself are okay, and you are going to be okay. 🫂
I agree. It is different when eating no veggies or other fillers. Still, I would be fine with 12oz most of the time I am eating 16oz.
Usually one meat at a time. 1 lb of meat is plenty. Or 5 eggs. If I only eat one meat, or just eggs, like on weekends, then all at once.
It depends on what you are consuming as calories.
During the week, I tend to eat 1-2 lbs of meat a day. I also eat several pats (maybe a half-stick) of butter. And some milk, but not much. Today I had about 1 lb of sausage, a little less than 1 lb of steak, and 6 oz of of pepperoni. Probably a little heavier day, but Mondays often are, because I eat a lot less most weekends. This weekend, I think I had about 5 eggs and one big piece of salmon, maybe a lb, probably less. That's over 2 days. I also drink a lot of coffee and water. Tomorrow I plan to have about 1 lb of steak, and 12 oz of shrimp.
I don't know how many calories that is. I don't necessarily try to eat one meal a day, but often do on the weekends, or sometimes even skip a day. I do try to eat between 10a and 4p, but sometimes have a snack before bed.
This is plenty to keep me feeling satiated. It is still probably far less than most diets, but I don't have sugar cravings and energy drops every couple hours to worry about and feed, and I'm not stuffing myself with filler foods (starches, pasta, rice) to be "full".
And I have more energy than ever, even throughout the day. Again, thanks to not depending on sugars/carbs for energy.
This isn't a perfect diet, but where I'm at right now. Ideally I would eat less sausage and cured meats. Often curing means dextrose, and possibly corn syrup and/or sugar in sausage. Got to be really careful.
Is it truly wasted if it all served to bring you to the point you are at right this moment? This point of understanding, potential, and acceptance?
I don't believe so. My acceptance of reality and time doesn't even work that way. All which may have come before is only as significant as its part in bringing me to this present, from which I make choices that will determine how I experience a future.
The thing I remember most from sep 11? The media reporting a few hours later that a Quran was found in the trunk of a car at the airport, which was clear as day the symbolic evidence needed to blame brown people.
Looked like a plant then, still does. This just illustrated the power of the media to channel and focus public opinion on the narrative.
I encourage you to all find your bogeyman and give him a hug.