Maybe I’m late to the game and I’ve been walking around with blinders since 2020, but it’s a weird feeling to know almost everything was a lie up until that point starting from a young age. Why did it take me 40+ years to figure this out?
Santa, Easter Bunny, Tooth Fairy: Lies
Religions around the world: Lies
Politicians justifying their actions: Lies
COVID: Lies
Financial System and Fiat: Lies
AI Videos and social media: Lies
It’s sad to know the only truth I know right now is how many Bitcoin exist and how many I own.
Inflation Buddy says my Fiat inflation rate is 6% and my BTC inflation rate is -32%. #Winning
This is all I need to show those who I’m trying to orange pill.
nostr:nevent1qqsp4vp53sc8q9t3kxdle6gpvaex6k085ucclxdjhqtajypelgp5s4q6hty5n
This was an awesome experience. Paid for coffee today in Bitcoin at my local coffee shop that’s using Square terminal. I sent US Dollars from Strike over the Lightning network. As local merchants pop up on my “pay with bitcoin” CashApp map, I’m buying whatever they’re selling even if I don’t need it just to support them. Nice work nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle and the rest of the team. 💪
Just continue weekly DCA on the way down until the refinance games are over I suppose. 🤷‍♂️
“Embrace volatility if you want to have life changing gains.” Love it. Well said.
nostr:nevent1qqswknpwdlsgq5l0atq8ftfj77njx0puz5lfvndwl2h8faq5wm2t2fsv5e8d2
My bags are packed and ready to go. nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l - Are you seeing what I’m seeing?
Can anyone recommend a utility to wipe a laptop with an SSD? In the past I’ve used DBAN, however the individual use doesn’t work on SSD. It looks like they link you over to Blancco for enterprise use when you need SSD. Anyone have recommendations? Thanks!
BitKey’s social recovery feature offers a nice solution for backing up your private keys in a Multisig wallet.
If you’re not a Bitkey customer, you could recreate a similar setup using something like PGP. Simply encrypt the private keys locally using a friend’s public key, and upload it to your preferred cloud storage. That way, if you ever lose access to your private keys locally (Think natural disaster) you could decrypt the version you stored in the cloud using their private keys.
I’d also recommend not having all your private keys encrypted by the same trusted contact. Has anyone tried this?
https://bitkey.build/content/files/2023/11/Bitkey-Recovery-Features.pdf
I asked ChatGPT to estimate the size of the Bitcoin network to AWS’ global computational power. Wow
“The Bitcoin network is roughly 65,300 times more computationally powerful than AWS, if we compare Bitcoin’s hash rate to AWS’s general-purpose computational capacity
I need your help Bitcoin family!
I’m trying to get my HOA to adopt Bitcoin as part of our reserve fund. I need to write a brief letter introducing the idea without overwhelming the group, peaking their interest to learn more.
Please help me tweak the message below.
Dear HOA Board Members,
Thank you for your time and dedication to maintaining our community. It’s in all of our best interests to ensure that our neighborhood remains financially healthy, allowing us to manage necessary maintenance while keeping HOA fees manageable for all homeowners.
Our current financial situation, with depleted reserve funds due to historical spending, deferred maintenance, and rising operating costs, is concerning. To ensure we build a stronger financial foundation and avoid depleting reserves so quickly in the future, I would like to present an alternative solution: allocating a portion of our reserve funds to Bitcoin. While this may sound unconventional, I ask that you approach the idea with an open mind.
The Problem
Like many communities, businesses, and individuals, we face a common financial challenge: how do we preserve our purchasing power in a world where inflation and rising costs erode the value of our reserves? Traditional currencies, such as the US dollar, lose purchasing power over time due to inflation and government policies that increase the money supply at a rate of at least 7% per year. By the time we need to access these reserve funds for large expenses in 5 years, the reserve fund would have lost over 30% of its purchasing power when held in fiat currency.
Since 1971, when the US went off the gold standard, the dollar has been backed by the government’s promise rather than a tangible asset. As a result, the dollar’s supply has expanded significantly, leading to inflation, which affects our community’s ability to cover costs effectively.
The Case for Bitcoin
Bitcoin offers an alternative that has proven to be a valuable store of value for individuals, companies, and even governments. Unlike the US dollar or other fiat currencies, Bitcoin has a fixed supply of 21 million Bitcoin, meaning its value cannot be inflated by central banks or governments. This makes it an attractive option for preserving long-term purchasing power.
While Bitcoin can be volatile in the short term, its long-term appreciation and decentralized nature have made it a trusted asset for many. Its resilience is demonstrated by the growing number of institutions and corporate treasuries adopting Bitcoin as part of their reserve strategy including Tesla ($TSLA), Microstrategy ($MSTR), Mass Mutual Insurance, Semler Scientific ($SMLR), and Square ($SQ) as well as countries like El Salvador to name a few.
My Proposal
I propose that the board consider allocating at least 10% of our reserve funds to Bitcoin. Additionally, we should contribute 10% of annual HOA dues to gradually increase our Bitcoin reserves, helping to secure the financial future of our community.
To further demonstrate my commitment to this initiative, I am willing to pay five years of my HOA dues upfront, with the understanding that the entire amount will be used to purchase Bitcoin for our reserve.
Learning More
I understand this may be a new and unfamiliar concept for many of you. I encourage the board to research Bitcoin further, starting with the resources below:
- *The Bitcoin Standard* by Saifedean Ammous
- *The Price of Tomorrow* by Jeff Booth
- Ross Stevens and Michael Saylor's "Bitcoin for Corporations" presentation
I’m more than happy to answer any questions or discuss this idea in more detail. This is an opportunity for our community to consider a modern approach to protecting our financial future.
Thank you for your time and consideration.
This guy has one of the best Trump impressions out there.
If I knew how much time I had left, not sure I would change too much.
We all were diagnosed with a terminal illness the minute we were born. Some realize that earlier than others and live their lives accordingly.
Thanks! I’ll check it out!
I’ve been buying grass-fed meats forever. I was always wondering if I was overpaying for not much benefit. I’ll give your video a watch.
Thanks for the response, Liam! That makes sense! I’m exploring being a lender using this strategy for both property and business loans. I like the idea of a shared custody model as well requiring a share of the increased value in fiat for the BTC. Still exploring…
In your opinion, is it worth it to spend extra for grass-fed, or prime beef over the standard option at the grocery store, or are the standards so low to qualify for “grass-fed” or organic label that it really doesn’t matter?
Question nostr:npub1v5k43t905yz6lpr4crlgq2d99e7ahsehk27eex9mz7s3rhzvmesqum8rd9 - When you hypothetically lend say $100k to a business / developer and require 10% be allocated to Bitcoin for default protection, who gets the Bitcoin (at the appreciated value) at the end of the term loan assuming there’s no default? The lender, or the borrower? I could see a situation where the Bitcoin is almost 30-50% of the value of the loan in a few years. Appreciate your insights here.
Focus your energy. If you’re building a business, just focus on building the business if you want it to be great.
I’ve seen too many entrepreneurs think they can do side gigs at the same time and rarely ends well.
#Bitcoin
#Philosophy
#travel
#IT
#Business
#Spirituality
Holy shit. What nostr:npub1v5k43t905yz6lpr4crlgq2d99e7ahsehk27eex9mz7s3rhzvmesqum8rd9 says starting at 29:00 regarding lending businesses fiat but requiring a portion of it to be in Bitcoin as default protection is brilliant. Give it a listen!