Fear not, they can just decide to rollback the chains.
They are all in Discord right now, trying to find a consensus on how to boot it up the first time
My car seems to be breaking down.
What would you do?
a) Get a loan for ~70k
- buy new Tesla Model Y (~60k)
- put remains in BTC (~10k)
b) no loan, lease
c) walk, stack sats
both technologies are playing the infinite game.
short term, there might be competition but it doesn’t matter long term.
very beautiful analogy.
that’s basically exactly what happened when I stood in front of the doorway with the bitcoin sign.
eventually, I just didn’t listen anymore and walked right pass them and never returned
That’s an option Bitcoiners can choose more easily.
Buy Bitcoin, hold long enough.
Then decide if you want to keep renting or buy a house at some point.
It’s the mindset. Always pushing, always searching. We keep getting lucky 🍀
Very true!
The ones already having debt/mortgages will move very late, or maybe never.
The mindset shift certainly will take quite some time.
But I still think it will accelerate over time. And faster than we think.
The people who do understand Bitcoin and were able to get rid of the thoughts/mindsets like „you have to have to own real estate“ demonstrate this shift already.
Their results will speak for themselves. Others will see it and follow suit.
That’s the basic thesis.
You did it.
You crazy son of a b*tch.
You really did it.
Congrats 🥂
Banks will start seeing real estate as risky.
Bitcoin is the best savings technology.
It’s therefore also the best collateral.
Hence, Bitcoiners will become the best and most "risk-free" borrowers.
Everyone who does not have Bitcoin will be considered as a more riskier borrower.
This will create pressure on real estate that is used as collateral.
What if banks are starting to see this?
How will they act?
Will they reevaluate real estate?
What if they start to think real estate is even riskier than it is today?
What will happen to the underlying real estate?
As Bitcoin monetizes and establishes itself into TradFi, money is moved from other assets to Bitcoin.
That's the "wealth shift" we're talking about all the time.
Yes, we all need a place to live. But the times where you buy nice property thinking you will be able to sell it for a much higher price may already be over.
Bitcoin is here to stay and it will be adopted more quickly from here on out.
Bitcoiners know the value of what they own.
More and more are starting to never sell their Bitcoin just to buy things, especially an overpriced home.
They will keep their Bitcoin, rent instead and wait for it all to play out.
As more and more learn about this and start doing the same, the price of Bitcoin will increase faster while the prices of real estate will fall faster.
However, as this happens, people dealing with other assets than Bitcoin will start seeing the other asset as riskier and riskier in at least two ways:
- there's opportunity costs of not having moved wealth into Bitcoin already ("Time in the market beats timing the market", especially in Bitcoin).
- there's increased risk that other players will realize the same and front run them.
That's the game theory part that will play out faster and faster.
The more I think about all this, the more I believe the "suddenly" phase will happen way faster than we all think it will play out.
AI knows how to make a peanut butter sandwich and this will change everything.
Let me explain.
There's a very popular example in software engineering and computer science classes.
It aims to teach someone to "think like a computer".
Simply ask someone the question: "How do you make a sandwich?"
(If you like, stop here for a couple of minutes and think for yourself :))
Well, how do you make a sandwich? We tend to think this is very simple and, typically, come up with generic and broad descriptions.
"Place the bread, use a knife to spread peanut butter, easy."
Ok, true, but what if you want to program a machine to do the same?
Will this be enough?
See, computers were very stupid up until recently. It's all just zeroes and ones.
You have to explain every little detail, in the correct order, or else the program will crash and, in this case, the machine will fail to produce something as simple as a peanut butter sandwich.
"Place the bread, use a knife to spread peanut butter, finished."
What bread?
How do I need to place the bread?
What if it is not sliced already?
What knife do I need to use?
What if the peanut butter bottle is closed?
Does the machine know when to stop adding peanut butter?
How much is enough peanut butter?
Does the machine know to only add peanut butter to one side of the bread?
...
You get the drill.
Computers were very stupid.
You had to explain every little detail.
You had to.
That's history. We now got AI and that will change everything.
Yes, it's still clunky and doesn't work right away. But you can now just ask the AI "how to make a peanut butter sandwich" and it can comes up with a much more detailed version than just the generic and broad version presented in the beginning.
This is the very reason why robots will become reality.
Before, robots were just machines and you had to explain everything in full detail.
Very cumbersome, error prone, and expensive.
It's also why we build huge factory lines that do just a few single jobs at a time.
A factory line for baking bread.
A factory line for slicing bread.
A factory line for packaging.
A factory line for ...
AI makes it possible to have robots that learn and teach things to themselves.
Now, AI and robots might not replace factory lines.
Doing one thing is "easier to explain to the one machine" (i.e. slicing bread). But there's other benefits as well. You can add multiple knifes to one machine and slice the whole bread at once.
A human like robots with AI might be more intelligent than that single machine, but still not faster when it comes to slicing bread, because it may also have just 2 arms.
But AI and robots will change industries like we never saw before.
We saw this before.
It took 40 workers a whole weak to work a field of potatoes.
It now takes 1 worker and a tractor to do the same amount of work (or maybe even faster, or work bigger fields).
The same will happen again. But it will affect pretty much any industry.
I don't think we should be fearful of it.
We should embrace it.
It will make producing goods and services cheaper than we can imagine now.
It will make us more productive as a species.
The future will be bright and abundant.
100 sats = 1 freedom unit
or
100 sats = 1 fu
1000 sats = 1k sats or 10 fu
100.000.000 sats = 1 BTC
or
1.000.000 fu
or
1 Mfu
#Bitcoin is fu money.
Just leaving this here.
2025 will be 🔥
We’re winning 🥂
See you all next year 🤝
Congrats to everyone! 🍾🥂🤝
Now the fun begins.
The real FOMO starts when the 1st big exchange runs out of #Bitcoin.
Miners are starting to withhold #Bitcoin.
Instead of selling, they buy more.
Nation states adopting.
Big corporations.
@saylor as bullish as always.
Things will get wild.
Plan Accordingly.
CPI is utter bs.
Just got back from my hairdresser.
She was nervous because she had to increase prices.
But she could *not not* do either.
Worked too many hours already.
Suppliers increased their prices.
Guess by how much?
That’s right.
40% over the years, not ~7-10%
40%.
This number keeps showing up over and over again when talking to real people working in all sorts of industries.
By how much was the money supply increased?
Yep. Roughly 40%.
Why do they keep telling us CPI is only ~3-10%?
This is why we study #Bitcoin