By presenting inflation using the CPI, you can fool people much more easily and make them believe that inflation is low. This can be done, for example, by selecting the products in the shopping basket or their weighting. This way, you can lie to people and say that "everything isn't that bad after all."

Happy sunday ☺️

I suspect few people in the world have interacted with more individuals who lost bitcoin than I have.

I answered support tickets for a non-custodial web wallet that, at the time, was the most popular in the world.

I'm talking about 100,000+ tickets over five years, many from users who lost access to their funds. Not just tiny amounts, mind you.

Sometimes hundreds of bitcoin.

My inability to help them still weighs on me.

We added warnings and info about the importance of backups. It's not that I could have done more. The nature of the old Blockchain(.)info wallet made that impossible.

The bottom line is personal responsibility demands extraordinary effort, and not everyone is up for the challenge.

Lost password? Sorry, I can't help.

Lost seed phrase? Sorry, I can't help.

Funds stolen by a phishing site? *Sigh*

What troubles me most isn't the sadness I felt from doing this daily for so many years. No, eventually you grow numb to it.

That's what truly hurt.

I imagine this is a lesser version of what people in the medical field have to do to cope with their jobs - learning to stop caring so much.

It takes a toll on your humanity if you live this way for too long.

I could have stayed in that job. Stacked more sats. It made sense, financially. I'd have a lot more bitcoin today if I did.

Instead, I left, choosing to be with my family and focus on self improvement.

Anyone who has worked during the early years of a startup will understand how incredibly burnt out you are once you finally step away. It took me years to push through that.

But I still think about those users.

The ones who made all the mistakes of the past that you, the bitcoiners of today, would learn from.

Almost seven years have passed since I left, and I'm no longer numb to their pain. I feel sadness for them again.

And I'm grateful for that.

I hope you all have a Merry Christmas, and take some time to reflect on the things that truly matter in this life. 🧡✌️

#Nostr makes me grateful that my young adults are compassionate. after reading some of the views on here, I realize that maybe some were never taught that ( by parents or society ) and how sad that is.

1btc will be 1btc, just a guess ✌️

gm Good morning good morning!

Bitcoin is on sale

but it right now

That’s good. I think that’s what most parents want for their children.

Great morning!

What are you looking forward to this weekend? Myself its flank steak

Good for him. If it makes him happy.

Wow, that's amazing! You've done so much for your family, and it sounds like you created great memories in your houses! Keep your head up about the Bitcoin, better days are ahead! 😊🚀

I have buy orders for Bitcoin at 97k 90k and 69k based on volume spikes at those locations

and I get interest on the cash of those buy orders in Bitcoin which is cool so even if they just stay in dollars and never convert I'm still winning a little bit

🎯

I got #rejected for 50+ jobs.

Every rejection was my new direction. When I look back… everything make sense now.

🫡

2

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?

THERE IS A RISK OF THIS THAT IS MUCH GREATER THAN 0

IGNORE IT IF YOU WANT, BITCOIN DOESNT CARE BUT THE GOVT CARES ABOUT YOU

ok, I’ll move on for now