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Well, this year and next we are the fittest. We will survive.

Replying to Avatar jimmysong

How to deal with smart people that don't know about Bitcoin

It can be intimidating to talk to someone that's smart that spouts nonsense about Bitcoin. Arguing with them is going to be difficult because they likely have flawed economic thinking that is at the core of their beliefs.

If you're arguing with a socialist, for example, they're likely to have some form of class struggle or oppressor/oppressed paradigms that guide all their thinking. If you're arguing with a mainstream economist, they're likely to view centralized monetary control as a good thing. If you're arguing with a gold bug, they're likely to deny the value of digital things.

It's a pretty heavy lift to argue with these people, because, most likely, they haven't studied Bitcoin in any depth. But if you want engagement, start with their assumptions about the current system. Do they know how it works? Do they understand that all money comes from loans? Do they get that inflation destroys savings and that it's a stealth taxation? At the very least, this should get them on a field that's a little more neutral and fact based. But it's also possible that they may understand all these things and still be against Bitcoin. What then?

You can move from there to whether freedom, particularly property rights are a good thing. Even the most ardent socialists don't like having property taken away from them. And really, this is a moral issue that's very intuitive. Usually, you can make headway that property rights, especially over savings is a good thing.

Finally, you can move to Bitcoin. Do they understand that it's decentralized? That it's digital and that digital things can have value? This is where you need to avoid the stupid economics of the mainstream, who like talking about velocity and unemployment and so on. Those are all irrelevant to the fact that Bitcoin is good money.

I’m curious how they will backtrack once the cbdc’s roll out and they want to be able to pay for that extra vacation they aren’t allowed to take.

Maybe I can get some answers tomorrow.

GN.

I took today and tomorrow off, just to prepare and decompress. But right now, I just wanna throw Mises and rothschilds and privacy and so many fiat failings in their face.

I just attended the holiday party for my life insurance fiat mining world.

I think I’m gonna hurl.

Replying to Avatar corndalorian

Surprised nobody said 1 bitcoin = 1 bitcoin ?

It’s somewhere between the street and the boat party. I know it’s so hard to be a victim of hodlr reality.

What these bitches want from a hodler?

I mean, if every treasury manager gets a note from their CFO asking why they still bend over backwards to borrow as much as possible at 5% interest or more, and realize they could just hold Bitcoin with fair value gaap rules, yeah, price could rip.

Could you imagine the de•risking of all the companies not being over-leveraged?

So much good news today!

2 new Bitcoin mining pools!!!

South American country Suriname considering mining Bitcoin

Bitcoin out-lives Charlie Munger.

I will sleep well tonight.

GN

Ihad a long conversation with an old friend.

He humored me on what I had to say.

The crux of the matter in North America, and any place influenced by the US military, in my mind is: “You are the best slave because you believe that you are free.”

And that people will only choose to pay tax if they believe it is a fair deal for them. Some jurisdictions are more fair than others to protect a person’s safety.