buy a house with that

"You're telling me, not ALL steak comes from a pocket??"

Replacing, installing a new garage door today. Wish me luck!

Best caption gets a 10k Zap ⚡

Controversial #Bitcoin takes...

1. Holding #Bitcoin in tax advantaged retirement accounts (like w/ Unchained) is only an advantage if you think taxes will be lower in the future than they are now.

2. The real value of unregistered (NoKYC) sats is exiting the nation state and multigenerational estates, not fiat gift cards.

3. One should use a dedicated laptop/device to interact with their #Bitcoin savings, not their daily driver.

4. Retail isn't going to front run institutions like Bitcoiners are.

5. El Salvador is vulnerable to late-stage imperialism by the liberal world order.

6. BlackRock could very well succeed at paperification of Bitcoin in the medium term, effectively trapping most of the "dumb money" from exiting into Bitcoin.

How was the turnout for the meetup? Hello from Bismarck! 👋

Salt lamps unironically make excellent night time lamps for your home:

-They provide light in the 600-700nm range which is what you want after the sun sets

-They are dimmable

-They look great lol

Consider getting one for your bedroom

#healthstr #peatstr #grownostr

To all of the Canadian freaks out there, congratulations.

Got myself a new pair of #Redwing boots.

The space you occupy has intrinsic value simply because it allows you to be. Without action, its value might seem neutral, but restriction highlights its worth. Similarly, water in a glass is inherently neutral—its value explodes in the desert but fades by a river. Context transforms neutral existence into profound significance. Value is context-born, not inherent.

I think this is the most delicious pizza in Yokohama. The owner trained in Italy for a long time, and the kiln is imported from Italy.

#foodstr

I think we call that the economy, a crazy mix of exact and non exact science, value exists when it has context, there is no such thing as intrinsic value.

I think we are forgetting that debt/credit is a 2 way street. As a lender, lending must be both profitable and preferably low risk. The more sound the thing I am lending, the less inclined I will be to risk it on a high risk endeavour. Houses that decline in value over time will be high risk vs the Bitcoin being risked against them.

Lending and credit in a fiat system is much more practical because the ‘money’ you are lending out/borrowing is trash and houses appreciate compared to trash but not compared to sound money (BTC).

It is a challenging paradigm shift.

We see real-estate as an asset if you are really utilising it to generate, something of value; food, tools, living etc

What’s the ratio of properties being used for utility purposes against how many properties are bought as a piggy bank?

In other words, let’s assume that houses could go back to their utility value. We would say that much more people will own their own house and less people would use real estate as an investment (piggy bank)?

There is so much crypto scam on Bluesky it’s actually hilarious

Let’s workshop this idea.

Assume we are on a Bitcoin standard. Everyone has realised Bitcoin is the best money in the world and thus will accept nothing else in exchange for their other scarcest asset, time. That time is converted into products or services.

Also assume technology does what technology does under a hard money standard, reduces the cost of everything to the marginal cost of production and increases production output whilst reducing input.

So you want to get a loan (mortgage) to buy a house. That loan is only available in Bitcoin or in something pegged to Bitcoin thus the ‘money’ is ever increasing in purchasing power. Because it realises the technology gains (these are currently being stolen by inflation but will not be on a Bitcoin standard).

Meanwhile the value of the house is going down against Bitcoin (reduces to the marginal cost of production). But is also the collateral that the loan is secured against (hence the term ‘mortgage’)

Who will give you that loan?

Money go up in purchasing power whilst collateral go down against money. As the lender you’d end up with an unsecured or a lowly secured loan. Any lender doing this would very quickly find themselves out of business and any borrower would find themselves in a worse predicament than they are in the current system.

Because at some point individuals must take full ownership of their actions. We shouldn't be waiting until a quarter of our life has gone by to do that. Also, you can serve in military at 18 fwiw. I wouldn't argue with dropping it to 16 either. Age of consent and all other"adult" activities should be the same. We keep raising it and as a result we have a bunch of reckless irresponsible young adults running around who think they are entitled to everything and take no responsibility for their actions when our forefathers at the same age were getting married and starting their families...