I can buy $1,000,000 worth of Bitcoin and sell $10 (~10,000 sats) worth of it, if I need the money.
Can you buy a $1,000,000 property and sell $10 (~1 brick) worth of it, if you need the money?
Well, currency will always be worth less than the money it's backed by, simply because it's a claim on the money, not the money itself.
Moreover, currency is commonly issued via lending, which means interest will also be required. If I lend you the first $100 and charge you 5% per year, for 5 years, where will you get the extra $25 in interest to pay me back? You'll need to take out a new loan to pay back the old loan + interest, and so on.
Cash represents final settlement.
However, banknotes, which most people regard as cash, are not truly final settlement, no matter how much you believe they are.
Banknotes are liabilities of a central bank.
So, if you only accept "cash" because you dislike banks, understand that you’re asking me to pay you with an instrument whose function as money depends entirely on the central bank—an institution that could render that cash worthless
We are so freaking early it's not even funny
Money is economic power acquired via the expenditure of time and energy.
Currency is a receipt for money.
Those who work for and save in currency are doomed to fall behind those who instead work for and save in money.
Ditch this poison and cook in animal fats (tallow, lard, duck fat, butter, ghee, etc.)
wouldn't be surprised
New video is out 🧡
PSA: Don't let Ripple cripple your savings.
Bitcoin-only
Do you think GameStop is worth ~118,000 Bitcoin?
Saving in Bitcoin is a peaceful life.
You don't have to worry about what the pRoJeCt LeAdEr will decide to do next.
You don't have to worry about getting rug-pulled by insiders.
You don't have to keep track of what the latest narrative is.
You only have to worry about having enough fiat in your Bitcoin-only exchange account to keep your DCA going and making sure you withdraw to cold storage.
The UK has become one of the least civilised countries in Europe, and it's not the Brits who caused it.
I didn't get to travel much, in my 20s, but I have lived and worked in two different countries than my home country.
I think that was enough to give me that perspective.
Absolute fucking legend! 🫡
If you're 18-20 years old, you have a rare window of opportunity to retire before or by age 30.
The choices you make in your 20s can set you decades ahead of your peers—or leave you stuck in mediocrity or even poverty.
Here's the roadmap 👇🏻
To retire before or by age 30, if I were you, for the next 10 years, I would:
• work as hard as I can
• improve my skills & become more valuable
• live below my means & save as much as possible
• convert my fiat savings into Bitcoin every day/week/month
Most people waste their 20s partying, spending money on alcohol, drugs, and other distractions.
But if you avoid these traps, you can outpace your peers by orders of magnitude.
Your 20s are your launchpad. Use them wisely, and the sky’s the limit. You can do this! 🧡
cRyPtOs are loud, unreliable, and doomed to fail.
Bitcoin is quiet, effective, and built to last.
That's exactly right. Even after only 5 years, the results become silly.
People tend to vastly overestimate how much their Bitcoin will be worth after just one year of saving.
At the same time, they greatly underestimate how much it could be worth after 10 years of saving.
The moral of the story: stick to a long-term saving and holding strategy for Bitcoin, and you’ll be amazed by your results.