Thought of anotherone: Proof of Walk for dog walking Bitcoiner biz 😀
Whatever it is it should be served in an Ostrich egg. Some African tribes use these eggs as water sources in the desert after burying them previously and purposefully!
Yeah its too close to Eth shite surely
Nice!
Could be the right approach. Recently I heard someone say 'you dont want money you want the things it can buy you' and then if you add in inflation it means that you get less goods and services over time ie less of the things you want.
Is there pleb owned butchery out there called 'Proof of Steak'? Or is this too close to Eth shitcoinery to be attempted?
#plebchain #coffeechain #pleb #bitcoin
They dont even know where to start to dig in. Just silence mostly. I was once like that also. I understood over many years and diff touch points so I'm slowly working on orange filling this poor guy.
OK here is a brief version of a convo I had a few days ago with a friend about #Bitcoin vs Residential property investment. I was asking him about ROI and such on property investment. He's a property investor and construction guy so he's well versed. This is in Australasia to be broad about location but think it applies elsewhere also.
Bitcoiner: Last time we spoke you mentioned a 50% ROI on property investment as what you were aiming for. How long before you could realize this you think? Is 5 years fair?
Property Guy: Average property increase is 5-6% p/annum however being able to borrow so much against property means on average you get a 5% or 50,000 ROI on a $,1000,000 house with a $200,000 investment.
Bitcoiner: Ah so 50% gain on initial investment might take 2 years with this setup?
Property Guy: Yeah but haven't factored in expenses yet. Rent on $1,000,000 property would likely not cover interest payments on a mortgage of $800,000. Then factor in insurance, local govt rates (ie taxes), insurance, property management maintenance etc.
Bitcoiner: I was wondering about costs. How much is left after all those expenses after say one year timeframe?
Property Guy: None. With an 80% mortgage you would likely have to add more of your own money to cover all the expenses on top of rent. It is only when your equity % is higher that it becomes cash flow positive.
Bitcoiner: So how long to get enough equity to become cash positive?
Property guy: Hard to say. Lotsa variables. Maybe 7-10 years. By then you will be reducing your loan amount (interest payable) and rents would be expected to have gone up. Its a slow process generally and making money in the short term relies on getting a bargain initially, development or catching a boom.
Bitcoiner: Bro the property game sucks.
Property guy: You looking to get in?
Bitcoiner: No just wanted to understand the property investment ROI and timeframes better. You realise Bitcoin over the same period of 7 years has gone from $628 USD p/BTC to $70,000 USD p/BTC and the cost to hold it would be only a couple hundred dollars that entire time?
Property Guy: Shit that's a lot but I don't get Bitcoin just gonna stick to what I know.
#nostr #plebchain #coffeechain #whybtc
Fine dining KFC only in New Zealand 😅 https://video.nostr.build/2f08b54e790412f11246a140c6caaec9da5b033254c675804c0b73907008482e.mp4
Fiat as bro
On another note, do people use USDT on Tron in Argentina or Strike USDT over BTC rails. Or just BTC via LN and no stables?
Enjoying the kind of based/privacy related content
