I'm gonna establish the Bitcoin standard of yardage book covers in golfing

Yeah the 0hz dosen't make much sense to me. I don't necessarily trust the exact numbers here since I don't even know if it's possible to truly measure those frequencies. But I believe in the idea that natural materials vibrates at a frequency closer to the human body than synthetic one.

Doesn’t everything vibrate at a frequency otherwise it wouldn’t exist?

My latest project: leather haversack

I have found that to get the gear you really want, you often have to make it yourself.

Oil tanned leather, saddle stitched by hand, hand peened solid brass rivets, eyelets and paracord for external attachment of knife and mesh radio

This will now be my daily carry bag.

#grownostr #edc #proofofwork #knifestr #makeyourownshit

WHAT ABOUT A NICE LEATHER GUITAR STRAP????

It truly depends. Fiat game is debt game. If you know how to manage debt in your favor, this can be a great advantage towards buying Bitcoin.

I am assuming you’re talking normal people deeply in debt. Normal people that don’t understand anything about fiat. In that case, you’re 100% right.

I’ll give you a good real life example.

Let’s say you get 500k in debt with a fixed interest of 2% a year using your company. You have a company, and a good cash flow. You also have accounting strategies and have a team for handling taxes and writeoffs. That 500k can be paid in 15 years, for example, something you would have to pay 3k monthly for it. With that 500k you can buy roughly 5BTC. Assuming an average of 10% increase per year on the bircoin price, by the end of the 15 year your BTC would be worth 2 million (500 + (1 + 0.1)^15).

In one hand you have 675k to be paid by the 15 years loan you did with the initial 500k.

In other hand you have 2 million worth of an asset. The trick then becomes make sure you can pay that loan, right? There are dark ways you can around with it.

If you consider the inflation the game is even more interesting. Now, if you consider real inflation M2 of European Union, that would be, on average around 5% a year. The 500k you loan now will transform into 674k, but if you check the value of this money in inflation terms, that 674k will be worth around 325k in today’s money.

It truly depends. Fiat game is debt game. If you know how to manage debt in your favor, this can be a great advantage towards buying Bitcoin.

I am assuming you’re talking normal people deeply in debt. Normal people that don’t understand anything about fiat. In that case, you’re 100% right.

I’ll give you a good real life example.

Let’s say you get 500k in debt with a fixed interest of 2% a year using your company. You have a company, and a good cash flow. You also have accounting strategies and have a team for handling taxes and writeoffs. That 500k can be paid in 15 years, for example, something you would have to pay 3k monthly for it. With that 500k you can buy roughly 5BTC. Assuming an average of 10% increase per year on the bircoin price, by the end of the 15 year your BTC would be worth 2 million (500 + (1 + 0.1)^15).

In one hand you have 675k to be paid by the 15 years loan you did with the initial 500k.

In other hand you have 2 million worth of an asset. The trick then becomes make sure you can pay that loan, right? There are dark ways you can around with it.

If you consider the inflation the game is even more interesting. Now, if you consider real inflation M2 of European Union, that would be, on average around 5% a year. The 500k you loan now will transform into 674k, but if you check the value of this money in inflation terms, that 674k will be worth around 325k in today’s money.

So this is something that has genuinely bothered the hell out of me.

People at My local meetup and even on nostr unfortunately have been excited about these Bitcoin backed loans. And maybe my view is completely distorted here, but aren't we just recreating Fiat 2.0 and giving more opportunities for regulatory capture to happen to Bitcoin?

I thought the whole purpose of Bitcoin was to build something better. Not just recreate shitty fiat mechanisms. People applaud it as calling it adoption, but it just seems like steps backwards to me.