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₿itcoin geek who writes a ₿log about bitcoin and other freedom tech on the nostr. My mission is to promote bitcoin as a store of value, medium of exchange, and unit of account. https://nostree.me/bloggingbitcoin@iris.to Get notified of new blogs on [Keet](nosl.ink/TgS14vtN)

I never saw this chart, but noticed the Chapwood index and the SNP 500 went up about the same %.

I'm writing a blog about it, but it's based on this, except using Liquid BTC instead of USD.

https://www.ramseysolutions.com/budgeting/envelope-system-explained

Just listened to Mark and Whitney on TFTC, so I know many people will not agree with me, but I'm bullish on Liquid.

I started using different Liquid Wallets for budgets. It works like Dave Ramsey's envelope system, but with L-BTC and my phone instead of USD and envelopes made of dead trees and lickable glue.

Reduced fees make this system even better!

I don't use USD-T, but my bank started charging me $8.00 for my savings account. At 0.01% interest, we can expect Dave Ramsey's famous baby step one to go to zero in about 10 years.

This made me reevaluate the risk profile of savings accounts.

In the new world(🤡🌎), you're better off holding USD-T in a Green wallet with no interest than holding actual USD in a Bank of America savings account-- unless you keep enough fiat in the BofA to become a gold member or whatever. If you do that, your $10,000 loses $350 worth of buying power if you wear a mask in your car(by yourself) and believe the official CPI numbers. I don't make the rules.

I still prefer bitcoin to USD-T, but the more I think of it, fiat fuckery has now reached the point where banks are too risky for most people.

It's fair to say USD-T requires a trusted third party, but in the new world(🤡🌎), Tether is more trustworthy than BofA.

The sad truth is: USD-T became a better shitcoin than USD in a savings account. The FDIC is broke. USD-T is backed by debt issued by the insolvent US Treasury. It will not stop the USD inflation, but nor will BofA.

I know better savings accounts exist, but most people have less than $400 in savings and don't have time to find these tools.

nostr:nevent1qqsdy4t87g996nw0972t7rd6anf4v2y43r4ejhrh9thkg8fqel5q8acpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyqxrw867m9g8vcf5g05rx8ztvzpga4nmehh6595cldwwn4an9p0lkqcyqqqqqqghw0qp0

The bitcoin timechain is good at enforcing the 21 million supply hardcap.

A newfangled ordinal that records every transaction of the unlimited US budget is not a good idea.

My wife insists we keep $1,000 in our savings account. The interest is 0.01%

The bank began charging $8.00 a month for this savings account.

If I don't replinish this fee, the balance will be $0.00 In about 10 years.

I suspect my wife will reconsider before.then. At this point, Liquid USD-T is better than a savings account at BofA.

Don't get me wrong. My wife is frugal AF. I refused to by chairs when we moved into our new house. We had my parent's folding chairs in our dining room for a year. Our friends gave us a dining room set one of their customers threw away.

My wife didn't complain. She knew it's better to buy the dip than chairs.

If my wife wants a chair this epoch, she can have a chair. 😁

My wife wants an office chair.

She doesn't give a damn about Sampson Mow's predictions.

You're the Shopstr dev? Followed.🤙

Thank you for your service. 🫡

Meanwhile....

On the Liquid Network....

Okay, so I have a decent grasp of how bitcoin halvings work, but when do the interest rates on normie savings accounts go up?

Why is 0.01% still a thing?

#asknostr

That was the best halving ever.

I was on lockdown during the last halving. It was a dark time. I don't drink anymore, but back then, I cracked open a beer and celebrated by myself.

Upon reflection, I think this is a big reason I'm so bullish on nostr. I wouldn't have felt so alone if we had nostr back then. It's just different. I'm grateful to share this experience with so many interesting people now.

If you have more sats today than you had 4 years ago, congratulations. May you have more sats on block 1,050,000 than you do today.

Cheers.

I wouldn't call them scams, but the numbers are bullshit. An 11% annual return looks great compared to 2% inflation, but the Chapwood Index shows a 13% inflation, not the lies they tell you on TV.