I will my friend đ
Just landed for the #BTC23.
Miami, itâs good to be back đ«
Exactly. + As a digital property, bitcoin will create a financial system where owning property and using it to store value and build wealth will be far more accessible than it is today. This will enable greater productivity and efficiency in the global economy.
I've just had the pleasure of speaking on behalf of #[0] about Austrian Economics at Utrecht University. It was exciting to infiltrate the fiat academia and give the students a different perspective and thus give them the opportunity to understand #Bitcoin.
How #Bitcoin, #Lightning & #Nostr allow for innovation without (institutionalised) credit ⊠:
The fiat-based monetary system has made it increasingly difficult for innovations to emerge from the market without institutional funding.
Monetary inflation has made fiat money a poor store of value, which has made it almost impossible for entrepreneurs to save and self-fund innovation.
The capital requirement can usually only be covered by state-affiliated banks and institutes (these include venture capital firms, almost all of which are motivated to maintain good relations with the state).
This development is problematic because the state and its affiliated banks and institutions are pursuing a political agenda. They support projects that follow this agenda.
Satoshi (2009) broke through government imposed gatekeeping and the control mechanism of fiat and institutionalised credit with open (source), permissionless, sound digital money (#bitcoin), laying the foundation for progress free from the shackles of central banking.
Bitcoin is the hardest money ever created. Due to its fixed supply cap, it allows to save and preserve the value of time and effort - giving market actors the time and capital to focus on problems and find appropriate solutions.
The #Lightning Network (2015) introduced a second layer payment protocol for Bitcoin, enabling fast transactions and micropaymentsï»ż.
With the launch of #Nostr (2020), a decentralised protocol for the uncensorable transfer of information, we have a Bitcoin-based tech stack that serves as a basis for market participants to work, communicate and collaborate successfully outside of government control.
Innovation can now emerge from the free market (bottom-up) and is not suppressed, imposed or manipulated from âaboveâ.
#[6]â #[7]
I joined Robert Breedlove on The âWhat is Moneyâ? Show to discuss #Bitcoinâs influence on the #realestate business, how the traditional real estate business model is changing with the Bitcoin concept, the prospect of digital real estate, the consequences of bad money, and compatibility of Bitcoin with ethical and religious beliefs.
âBitcoin is digital real estate (WiM 291)â
Physical vs. digital property
The auctioning off of Jewish property was popular in Nazi Germany. Jews were deliberately humiliated by having their property confiscated. Families who secured their wealth in real estate lost everything overnight.
After their property was confiscated, Jews were often no longer able to leave Germany for financial reasons, and they were at the mercy of the Nazi henchmen. Many lost their lives.
This is a painful history lesson that teaches us the importance of storing wealth in a digital asset like #bitcoin, which is difficult to confiscate and easy to liquidate or move in times of crisis.
Nothing can stop you from taking your #bitcoin with you. You are not dependent on lengthy bureaucratic processes as with #realestate and do not have to worry that your bitcoin will be destroyed in the event of war.
New article up on EuropeanBitcoiners.com "Bitcoin vs. Real Estate: Which is the more
resilient store of value in times of crisis?
Picture: mdr.de
Bitcoin = Hope
Fiat = Fear
Bitcoiners = Fearless
This is the world's number one store of value (330T). Guess what, #bitcoin will eat your lunch.
Bitcoin serves as an ideal hedge against the threat of war, taxation, confiscation or destruction. It is easily portable, divisible, durable, censorship-resistant, noncustodial and easy to move or liquidate in times of crisis.
Bitcoin reflects many of real estateâs value offers on top of fundamentally more secure custody, easier maintenance and most importantly the ability to take your wealth with you, whenever, wherever you need to go.
New article âBitcoin vs. Real Estate: Which is the more resilient store of value in times of crisis?â up on EuropeanBitcoiners.com: https://europeanbitcoiners.com/bitcoin-vs-realestate-which-is-the-more-resilient-store-of-value-in-times-of-crisis/
With #Bitcoin, we can benefit from the success of others. This is difficult for many to understand because the existing (fiat) system does not work that way. We always think that in order to have more, you have to take it away from others. With Bitcoin, everyone benefits when the network benefits.
#Bitcoin & #RealEstate
If you're serious about long-term wealth management and have a portion of your net worth in real estate, you need to pursue a bitcoin strategy.
ï»żReal estate serves as humanity's most used store of value. 330T stored. 67% of global wealth. More than bonds or equities. 33x the value stored in gold. However, bitcoin serves this purpose much better. It is fixed in supply, easier to maintain, harder to confiscate and tax and easier to liquidate or move in times of crisis.
Real estate investors are experts in using real estate as collateral to incur debt for real estate purchase or development. If you own real estate, using your real estate to incur debt to buy bitcoin is a much better business decision.
Bitcoin's upside potential is much higher as it is just at the beginning of its adoption cycle. You can use the rental income to service debt.
If we assume that bitcoin captures 15% of the value stored in real estate (15% of 330 T = 50 T = 100x) - it is becoming clear that the upside potential for bitcoin will be significantly higher than for real estate. You could also sell some of your properties and diversify into bitcoin, or use the rental income to stack sats or build maintenance reserves. It's entirely up to you.
Whatever strategy you pursue, as a real estate investor you must follow a bitcoin strategy because bitcoin is a digital real estate.
https://bitcoinmagazine.com/.amp/business/why-bitcoin-is-digital-real-estate
My No-Coiner and âI allocated 2% of my investment portfolio to bitcoinâ friends miss an important point. With near-perfect money like #bitcoin, all other instruments for maintaining your purchasing power become obsolete. Investment is not required to offset monetary inflation; saving is enough.
Bitcoin acts as an economic battery, which stores the economic value created in the world. By holding bitcoin, you benefit from the productivity of everyone else using it. It acts as an ETF on global ingenuity. I published a new article for EuropeanBitcoiners.com on this.
âBitcoin is an ETF on global ingenuityâ
https://europeanbitcoiners.com/bitcoin-is-an-etf-on-global-ingenuity/
I just published the 2nd edition of "The Bitcoin Newsletter" đ. In this issue, I refute that buying bitcoin is speculation. Is not it. It's a logical decision. I also talk about #Ordinals, #Nostr and #Crypto regulation. Read, share, subscribe ⥠https://t.co/aXPGgoLS33
I agree. Getting people on Nostr is the challenge. Once they made that effort, orange piling will be a âpiece of cakeâ.
#Bitcoin vs. #RealEstate: more recently, macroeconomic and geopolitical headwinds have exposed the weakness of real estate as a store of value. It is easy to confiscate, difficult to liquidate, easy to tax and costly to maintain. What do you do when war breaks out? A property is difficult to take with you. It's also easy to destroy. This may sound like a dystopia, but if you're serious about long-term wealth management, you should consider the worst-case scenario. I don't think a world war, in whatever form, is at all illogical. Who would have thought that there would be war in Europe? Bitcoin serves as an ideal hedge against the threat of war, taxation or confiscation. It is easily portable, divisible, durable, censorship-resistant, noncustodial and very easy to liquidate or move in times of crisis. Bitcoin can be sent anywhere in the world at almost no cost. In addition, unlike real estate, it is easy to maintain. You can self-custody bitcoin. All you need to have is a hardware wallet, which costs around $50, to store it safely.
lnbc20230n1p3l895lpp5xnw6nzkf0acywek67qpyfrlr0u6w7e8lfrq9uwu5a8ev9u0amtyqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp57k94dw4v8us9hwx8y5g8rwsg8mse3jd5z7dqzncrzezpswttnxes9qyyssqdfyqaeglhh4lf9c7t38kempjmn086qe24uge5z26jrw29wsf2flsfc0xxnte2fr9zvcx2ut5hu4k9alltqffhavjx76shkr2gj46w3cp3dmdgg đ