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Phil
5d4ae49e284a95016e944ae5cffc928470c2c3d08dec4d24a972492378c982f4
Sharing thoughts on BTC, Finance, CrossFit, Atl Braves

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx on recent RHR, were you serious about attempting to convert some BTC to gold? Was surprising to hear, but I’ve often gone through same thought process. How to buy, validate it, store it, fees on buying and selling, etc. I either stop there or buy GLD (warts and all). I just keep scratching my head here

Replying to Avatar S!ayer

China

This would imply China and BRICS nations are the likely buyers. You’d think there would be a corresponding move. Like US treasury spreads ripping. But the only thing down right now is Bitcoin.

I’ve had the same thought. But we’ve had war nearly constantly the past 30 years. Why is this time different?

Seems crazy to suggest…but are we seeing a rotation out of Bitcoin into precious metals? When is the last time silver or platinum were EVER up 10% in a day? This is just nuts

Been a really interesting two months. This price action is confusing and uncorrelated to pretty much everything. I can’t wait to learn what’s actually driving it

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyg8wumn8ghj7mn0wd68ytnhd9hx2kz4jk3 Jack, always enjoy the pod. How do we reconcile what feels like a liquidity spell these past few months, with what is objectively an ATH in global M2?

FWIW, tons of liquidity in the commercial banking space. Spreads extremely thin and all credits oversubscribed, it seems.

I get it. I like the idea of an analog hedge to Bitcoin risks. But every time I think about holding bullion, I’ve almost always bought more bitcoin. It’s not perfect, but it’s so much better than most alternatives.

I do continue to think about building a gold stack, I just can’t get my head around securing it in a way that feels secure.

Gold is clearly a massive beneficiary of central bank buying. It’s the right asset for the current time: history of monetary use, embedded in the existing system, large market cap, easily and demonstrably controlled in the past.

Bitcoin may never receive the same benefit. But it’s clearly a huge upgrade for the sovereign individual: easily transferred, divisible and verified, not easily seized or controlled. For these reasons, central banks may never buy and accordingly we may continue to trail gold in market cap for a long time.

But who cares?! We have a near-perfect currency for humanity that will protect us from government debasement and theft. That’s more than good enough for me.

I really admire the effort and dedication. It will be worth it!

The one I bought was in solid shape but wasn’t a daily, so it had a lot of various problems when I got it. Exterior looks great, but engine was showing its age at 225k miles. So I figured, might as well bite bullet and make it my dream car. I’m also putting a 32 gallon tank on it and a bunch of other fun things.

Here’s a link - https://bringatrailer.com/listing/1997-toyota-land-cruiser-fzj80-179/?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_6066658#comments-anchor

Also a 1-HD! It’s currently on the water coming from Australia, and was also fully rebuilt. Are you doing all the work yourself?

Once the work starts, I’ll definitely post. It’s getting prep work done at Land Cruiser Heaven, currently.

Replying to Avatar Contra

I grew up going to Roman Catholic Church. I went through all the motions but understood none of the meaning. I’d constantly ask my mom why I had to do all of the “stuff” and confess my “sins” to some stranger in a confessional booth. It felt hollow and mechanical. I left that tradition the moment I turned 18, determined to forge my own path.

But life has a way of humbling us. I got married at 20, had my first son at 22, and despite my best intentions, I found myself repeating the exact patterns I’d grown up resenting. Generational brokenness is devastatingly real. Another son came two years later, and after 10 years of marriage, I was spiritually and emotionally bankrupt. I’d sit alone some nights, confronting the uncomfortable truth that I’d become a narcissist. Everything I did seemed to revolve around my own needs and ego.

During this season, my wife started attending a non denominational church (Baptist roots). I was working weekend graveyards, so she took our boys with her. Honestly, I figured they’d all be better off without me there anyways as I’d wake up and marinate watching football all day. But over several months, I watched something remarkable happen to my wife. She became more patient, more sacrificial, more joyful. The change was so profound it got my attention in a way nothing else could.

God was working on my heart, creating a curiosity I hadn’t ever had. My wife had been quietly collecting Christian books, and I found myself drawn to Lee Strobel’s “The Case for Christ.” I devoured it in two days, and couldn’t put it down. The historical evidence for Jesus’ life, death, and resurrection was overwhelming. By the end, I was convinced not just intellectually, but in my soul: I was a sinner desperately in need of rescue, and Jesus Christ was real.

That realization changed everything because I knew it had to. If what I’d read was true and the evidence said it was, then this wasn’t just interesting information. It was the most important truth in existence, with eternal consequences.

In the many years since, God has completely reoriented my life. Through reformed theology, particularly RC Sproul’s teaching, I discovered that the dead saints often speak more clearly to our current struggles than most contemporary voices. Reading the Puritans and reformers showed me that God’s sovereignty and grace aren’t abstract concepts, they’re the foundation of transformed living.

The truth is, I didn’t choose God. He chose me. While I was spiritually dead, consumed with myself, He pursued me with relentless love. That grace has transformed my marriage from the inside out, revolutionized how I father my sons, and given me a brotherhood within the body of Christ I never knew I needed.

Now everything I do flows from that love. Everything I do here on Nostr is through that love. Not perfectly, but purposefully. I’m the same man, but I’m not the same man.

If you’re reading this and something resonates, don’t wait. Pick up a book. Ask the hard questions. Examine your life honestly: Are you just happy, or do you have joy? Happiness depends on circumstances; joy transcends them. One is temporary satisfaction; the other is eternal security.

I promise you, investigating the claims of Christ will be the most important thing you ever do. Not because I say so, but because He is who He says He is. And that changes absolutely everything.​​​​​​​​​​​​​​​​

Thanks for sharing! I also loved Lee’s book and if you haven’t read Case for a Creator, I highly recommend

I’d tweak this slightly. I think most Bitcoiners tend to be “truth seekers.” It’s also why we’re into all other kinds of weird subjects

Thanks for clarifying. Fairly bulletproof in that case, but I guess the downside is they do that often enough or pause long enough that people start selling the stock classes and drive the price down.

Been asking this myself. I think it’s indirect, since all profits of the Fed get sent to the Treasury. So not directly funded by taxpayers, but through profits they otherwise didn’t receive. If the Fed can’t keep profits, I think that probably is the right treatment. If the member banks were sharing the profits, then they should have funded the building.

nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzfmhxue69uhhqatjwpkx2urpvuhx2ucpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gvqam0u Jack, on the last Mailbag Monday you mentioned not understanding why someone using Strike would want BTC interest vs being all in BTC. Here’s a quick example:

- work in finance. Industry standard is low salary and like 75% of total comp comes in a bonus once a year

- big family, big fixed costs and combined with low salary, the result is a monthly “burn rate”

- so I need to hold 8-12 months of budgeted expenses in something relatively stable to cover known expenses in the year.

- could do this in bitcoin, but everything outside of those 8-12 months of expenses is already in Bitcoin or otherwise invested. So this is on the margins.

Maybe you’d say put every dollar in Bitcoin, but with the big family it’s certainly peace of mind having that amount to cover < 12 mo. expenses in cash without the downside potential. Would be even better to earn some Bitcoin interest on that.