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AJ2884
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No no no, "WE're all getting girlfriends". Them's the rules, you're getting one too.

What kind of shitty purity test doesn't require you to do the stupid thing?!? 🤣

I don't claim to be nostr only because I WATCH YouTube videos 😂

In the world of rock climbing it's sometimes said that there's no such thing as cheating, only lying. I feel like this might be a similar situation 😁

So far, with the exception of Amethyst and Primal, my mindset's been "I can't be bothered", but here's a use case that could motivate me to figure some more apps out 😁

I could see my wife saying the same thing, the problem is that she seems to spend too much time listening to it when it says it wants treats, and too little time listening to it when it's saying that all the treats are making her feel yucky, and maybe she should have fewer next time 🤣

Well good effort and good work!

My wife regularly complains about how bad she regularly feels thanks to her food choices, yet I'm the bad one for occasionally daring to recommend changes 🤣

🤣 I've spent winters in places like Maine and Wyoming, doing tons of skiing, and I thought it was great, but for all the people who live lives where winter is something to be dealt with, not taken advantage of, I don't get why they subject themselves to it. I'm all for doing uncomfortable, demanding things, but I want it to get me more than the ability to look down on those who arguably make better decisions 🙂

I like to think that some of us are sometimes tough 🤣

I remember being tough. Now I bundle up for bike rides when it's in the 50s. But to be fair to me, I do live in a big hole in the ground with lots of shade from the sides of the hole, waterfalls, and a river so it's really damp all winter! 😂

It was interesting, but the mechanical engineer in me who splits his time between special reasoning in the context of Newton Mechanics, and using theory of mind to interpret generally super vague yet terrible requirements in the context of spatial reasoning and mechanics, is left thinking that if it struggles with the glove picture, it's intelligence is far from general. And I don't think it has to out-do me to be general, but it can be outdone by my nephews and a bucket of Legos...

I assume it's related to metabolic efficiency and how, evolutionarily, those who waist energy needlessly moving (or presumably thinking) were less likely to reproduce.

Replying to Avatar HODL

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

While there are exceptions to every rule, a lot of these comments imply to me that many of these respondents have never really, honestly considered what it'd be like to have their nest egg and spending power abruptly cut in half, what it be like to be left wondering: "how much lower will it go?", "how long is this going to last?", "at what point will I not be able to come back from this?", "bitcoin represented a fundamental change in the system, did it change again?", "did I get things wrong?", "did I fail my family and all who count on me?", etc.

When you're accumulating, you have a long way to go, and the price of sats gets cut in half, then that's exciting, but when you're living off nothing but you're savings, and some conviction, the story changes when everything abruptly becomes twice as expensive. Must of trad-fi's lessons are dumb, but it definitely has some to teach about psychology in a downturn during retirement.

Do you honestly think you wouldn't find that situation stressful?

I like to think I'd handle it coolly, but... And even if I did handle it well, I'd still definitely find it more stressful than the first option. 🙂

Reminds me of MMT, there's no reason why it theoretically can't work, but the devil's in the details, so unless the execution is atypically good, and you get lucky, I wouldn't expect theory and reality to match up all that closely.

Also, again like with MMT, my suspicion is that the majority of people who would ask why such a plan won't work don't have a ton of experience executing such a plan, and subsequently won't do an atypically good job of executing it.

I'm always amused by people who have seemingly never been happy, and yet know what will make them happiest, how to best achieve it, and who and what's in their way.