It would just mean Real Estate, Bonds and Gold are slightly smaller, I don’t think it’s the end of the world at all. In the same way most people just watched as bitcoin went from $1 to $1000, they will sit by and watch it go from $1000 to $1000000. Keep stacking.
0.001% has a 100% allocation
Workers striking against automation is a losing proposition long term. The smart ones will learn how to make/repair/operate the new cranes and will be fine. Crane operators will go the way of navigators post gps and train firemen post diesel/electric and weavers post the loom. Understandable fear and anger but ultimately pointless over the long arc of time. If anything strikes will accelerate the change, computers don’t strike or argue. Savings in bitcoin helps insulate you from these types of inevitable changes and provides a buffer that allows you to learn a new skill.
They should buy bitcoin with it and then return it to taxpayers
It’s the logical chy
Gm nostr fam ☕️ ☀️
Considering figures such as global debt-to-GDP and U.S. unfunded liabilities, there are only three ways I can think of to meet these obligations.
1) Austerity
2) Default
3) Money printing (inflation)
Money printing is most likely — given this insight, please consider this brilliant graph from Sam Callahan and nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a showing that linear increases to global M2 are strongly correlated to exponential price increases in #bitcoin. 10+ year relationship. Don’t overthink it.
G’day Blake. You could also increase productivity faster than your debt. But I think that options will be selected in the following order: 3 deliberately followed by 2 by accident then 1 as a consequence. Only a few will choose Bitcoin.
I had a chat with nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtck0cpm9 about Bitcoin, Cashu, nostr, and privacy, and it was pretty good!
Thank you for having me 🫡
Great interview. I watched Ben’s tutorial on YT and had it installed, joined a mint, funded and seed phrase secured in about 10 minutes. One thousand times easier than opening a fiat bank account. It really is like having a bank in your pocket. Thanks for your efforts they are much appreciated.
Australians seem to have devolved from the rule breaking happy go lucky bloke into blindly obedient sheep that want and need higher taxes, surveillance and restrictions.
Yes it can be an argument over definitions. Taking your description as a general increase in prices, if bitcoin is increasing in purchasing power faster than prices I’d call that a fix or solution.
Depends how you define ‘inflation’. If you think it’s rising prices then changes in supply and/or demand can change it without money printing. If you think it’s CPI then it can be changed on a whim of a government bureaucrat. If you think it’s ’inflation of the money supply’ then it can only be changed by money printing.
Blake this is true. I had a friend who had an idea and wanted to borrow some money. Sure I said, the interest rate is 50%. He was all upset, why so high? You have to beat bitcoin is the answer. If it’s not a necessity that can’t be postponed it’s a high bar that most things don’t meet. So stack and cold storage it is.
G’day Swiss stack hard
Is it wrong to take a fiat loan from someone to buy bitcoin and take advantage of someone's information asymmetry? nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf explains his thoughts
I’m happy taking a loan against the cash value of my life insurance and home equity. Every time I think of paying them off I think of Saylor and go stack harder. If my fiat leverage helps increase the bitcoin price I am helping educate fiat folks.
Six months into sending 100% of my paycheck to bitcoin at Strike, then selling as needed at the end of the month to pay all expenses. It’s been easy and stress free. Bitcoin stack has generally increased over time, as shown on left vertical acid on graph. Two paychecks up followed by one expense down. The value of the bitcoin stacked is now 40% of my take home pay as shown on right vertical axis. So over a full year I should save approx 80% of my take home pay. If bitcoin goes up some over the next six months I may even get to 100% over the year and effectively live for free.
Looks great love the style.
Yup you are right. I’m in the middle of divesting myself of real estate and converting to bitcoin