LOL, I almost forgot. I attended yet another financial conference in legacy biz the last thursday.

There was this guy speaking and his thesis was:

“We don’t invest to get rich, we invest to outrun inflation.”

Then proceeded to give a 90min long speech. He didn’t ask a single questions if that inflations is needed, desirable, natural, avoidable or anything.

It’s just is. They [legacy bankers and investors] are so blinded they are just playing along and not looking for solutions anymore.

#bitcoin #legacy #investment #grownostr #plebchain

I wish that every day, really. My life is now a constant race with me mining fiat every way possible and then transforming it into Bitcoin - the hardest asset in the world… and the price.

Cool. Need to look into it. 👍

That’s AI, right? Would it be great though… almost like that meme with grannies cooking on youtube.

Hele tezko rict. Vim ze jsem ho tam tenkrat cetl. Kdyz to ted prozenes googlem, tak tvrdi ze to byly nejaky fake listy a ze tam nikdy nebyl.

Coz by presne tvrdil pedofil, ktery si narychlo delal recke obcanstvi, kdyz to tenkrat prasklo… who know, who cares.

I wonder if he counts those trips to Epstein’s island as well.

Well… still a better war than Israel and Ukraine. I wish we could fight only in this manner.

The last one? I did. I deleted my #Twitter app for #Nostr.

I see your point but again - they pay so I don’t have to and that’s fine by me. If anyone goes and buys a product because some company is sponsoring someone, he is an idiot. Always DYOR and maybe listen to a review, not an advertisement.

Still think it’s not a Pete’s fault.

Yes, please do. I still wonder how that is a Pete’s fault they mismanaged and didn’t make it.

Don’t we say “don’t trust, verify” even to a stupidiest desicion, yet when it comes to sponsoring - which was never different - we suddendly stop care and blame the podcast?

Why would that be a red flag?

I’ll add second. First time inflation will go below that one of gold’s.

But yes, ETF’s are a bigger deal, I agree.

RIP. This is what a state does to you.

#memestr #meme #funstr #grownostr #zap #gaystr

Exactly. I think part of the problem was just inability to imagine that he will normally work for Bitcoin, not trying to exchange it for fiat. So when he spends something, someone else will get the money and then he will have to work to get it back.

The other point is that he insisted you can’t collect yield from borrowing non-elastic money because

1) it’ll be diflationary which = negative interest rates. Total bullshit again.

2) or otherwise it will create that interest from thin air, which will inflate the money supply of Bitcoin. I said - it might if we allow fractional reserve all will not trigger enough bank-runs to make sure it’ll not happen… but he instisted that it will happen anyway, not considering the concept of mining.

This one will be hard but I’ll break him.

Some #nocoiner #fiat maxis are so desilusional that they can’t cope with #Bitcoin even when they are hard trying.

Today one guy told me that you can’t have non-elastic money like Bitcoin because you’ll eventually run out of money.

At first, I thought it’s a divisibility problem and tried to explain that we actually have 4.2 quadrillion satoshis and that’s more than enough. And if everything fails, we can divide further.

He instisted that even then it’s not enough. His idea was… Let’s say if everything will be priced in Bitcoin, then when something new comes which doesn’t have a price tag already, you’ll not have the money to buy it because you’ll have only “that much” money to buy everything else on the planet.

I was shocked for a moment, then I realized he just isn’t able to understand how he is wrong. He was dead serious about it being the reason why will Bitcoin ultimately fail.

Stay calm. They will fuck everyone over as they did with Mt. Gox or Celsius - the ammount will be paid in fiat, and they’ll keep the BTC.

They will cancel you, you’ll not ne able to pay your mortgage and such and eventually end up beign homeless. That’s the point I am saying to myself. I’ve became a slave because of my debts.

Time to get rid of them ASAP.

There are four reasons I am extremly bullish on Bitcoin.

- ETFs - growing demand

- Halving - suppy squeeze

- lowering rates which might lead to another money printing

- inflation lower than gold - first time ever.

I don’t see much on the fourth one, which is exactly why am I going to elaborate on this in my new article. Coming out soon!

#bitcoin #btc #gold #inflation #etf #printing #halving #grownostr

#meme #memestr #funstr #grownostr #zap