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TheBitcoinManual
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Normal people sharing our experience and knowledge around all things #bitcoin • Get our Free eBook • Not financial advice - ➡️ https://thebitcoinmanual.com

Me listing to Saylor and Saif go at it for 4 hours because I want to find out what all the drama was about!

GM! Another day, another exchange gets hacked and another reminder why you never leave money with an exchange, these companies will spend more on sponsoring Chelsea Football club than security

Trust no one, self custody!

https://protos.com/chelsea-fc-sponsor-bingx-tried-to-hide-40m-hack-behind-wallet-maintenance/

Lol its a legal requirement, but when have South Africans ever worried about what is legal?

The premium also wasn't that bad, 5% isn't the worst I've ever seen, and the KYC is not a hard pass, its pretty easy to get someone to purchase on your behalf and since its on LN, you don't have an on-chain transaction tied to your purchase

I was feeling cute so I decided to go to my local supermarket and purchase some Bitcoin for cash and open up a Lightning channel with nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n #greenlight #LSP

Was kinda annoyed that they forced you to hand over an ID but it worked as smooth as butter

South Africans can purchase #Bitcoin directly on LN at their Checkers, Shoprite, USave or even their local post office with cash or card with orders between R50 - R5000 ($2.86 - $286)

Tupperware files for bankruptcy

In fiat land, you either make cheaper products, defective products, have planned obsolescence so you can continue to drive repeat purchases and cash flow or you die

The market doesn't reward making something good once!

Imagine if they had a had a deflationary asset to put on their balance sheet stacking since the height of their popularity in their 50s, where they would be today?

Lesson in there!

https://www.reuters.com/business/retail-consumer/tupperware-brands-files-chapter-11-bankruptcy-2024-09-18/

when i wear my glasses I am told I look like a real cutie yes

So how many more of these FOMC meetings do I have to attend before you finally figure out we should just move to a Bitcoin standard?

Daddy, what was it like HODLING Bitcoin during the first four epochs when it wasn't obvious to the majority of the world that this asset class would change everything:

https://video.nostr.build/290fe25859352c42518ef3b2dc415dc8aaaa7683ac9c4eb3b0636b9e057439aa.mp4

Don't try to wake up the bull run, you don't want that smoke, let 58K protect it at all costs!

I also have a retirement annuity and preservation fund that I was given when i was working, honestly I've already zero'd that in my head because well its in South African rands and Rand-based assets so what's the bloody point?

I'd be so doom pilled if I never found Bitcoin, its so disheartening trying to save in other asset classes, especially if you don't want to leverage yourself to the tits to do it

I just don't know how I will access this capital though, taxes are going to be a nightmare and pulling it out non-kyc is going to be in drips and drabs pulling teeth, alternatively borrowing against your Bitcoin is an option but the interest on it is a joke, 13% annually bro I'm pledging the worlds best collateral here are you high?

I have funds stuck in a pension but I don't think we have access to MSTR or an ETF wrapper I still need to enquire about if I can salvage any of that, but I am happy with my real sats and the odd non-KYC buys I can source

GM! View of my Bitcoin in cold storage reminding me that this is spendable liquid wealth only for me to ignore that fact and dump more into that same wallet