GM!

Here’s the secret to getting what you want:

There is no secret.

The process for getting what you want is pretty simple though:

You have to focus on the goal, put in the work and time necessary to obtain it, and do that every day until you succeed.

The hardest part is the consistency of getting up every day and repeating the process. Especially at first when results seem too far away or even impossible.

#letsgo #nostriches #plebchain

I agree it would be a mix.

I’m certainly no economist but I just don’t see how the US can move towards being fully backed by hard money given the global debt is exponentially larger than available currency and quite larger than most asset classes. This doesn’t even include the compounding interest on that debt.

Partially backed by hard money, maybe, but the repricing would be fascinating to watch. The level of defaults/bankruptcies/restructuring would be jaw dropping. I still really don’t see it happening but way more likely than fully backing up the USD.

The more realistic scenario is the USD continues its trajectory and BTC exists side-by-side increasing its market cap.

Thanks, I’ll add it to my list. I’m vaguely familiar with the hyperinflation that happened in Weimar. It’s still insane to think about. For example, $15-100 a gallon would easily be a possibility.

The closest I’ve seen is how people in Argentina literally can’t save and have to spend it all asap before it devaluates.

If Bitcoin reaches the millions in 10-30 years (I’ve seen bear case of $4M, base case of $13M, bull case of $49M+)…

Will it be due to inflation/debasement or #btc absorbing the market cap of other asset classes (gold, bonds, equities, real estate, etc)?

The former would be hard to imagine. How much will a gallon of gas or a happy meal be?

#asknostr #plebchain #nostr

Agreed! Visualizing works but only with work.

I’m sure there are rare cases of people just sitting lotus position and things just happen for them, for the rest of us, we need to make it happen.

Fancy friends!

Forgot to tag #plebchain and #nostriches

Hoping for some good convos!

Honest question: Do you believe hard work (or hustling) is a negative thing?

I’ve seen this brought up on #nostr a few times and people here seem to frown on hustling. My definition of hustling is having drive and getting ahead via proof of work (ideally, you can find a way to work smarter and more efficiently).

I definitely think you need to enjoy your life. I’m a strong believer of “work to live, don’t live to work”.

However, it’s vital to have a strong drive if you want to get ahead. You want to start a business? Good luck manifesting customers without putting in the work. You can watch and re-read “The Secret” all you want, it won’t replace hard work and/or hustle.

Can’t be Apple without the grind and hours to go from a garage to the most valuable company in the world. Can’t be the USA without the hard work and lives it took (and still takes) to be a truly free republic. I enjoy watching lots of MMA, all those men and women (shout out to nostr:npub1wv79gfl4tn46qxs0vcr6kr73rqethvna0kchk4cw06mmdzsgrkdqmkxye0) have the hustle to compete and be the best.

I’ve read a lot about “fiat mindset”, but nothing seems more fiat than sitting back watching your BTC grow and waiting to retire rich without contributing and putting your time to good use.

This all came up from a recent nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs post. I understand his perspective now but it got me thinking. Was curious what the sentiment is here from others.

#asknostr

This is the way. Much easier said than done for me though.

I guess.

To me someone with drive to get things done is a hustler but I see what you’re saying.

I still think it’s essential to have the drive to get up and make things happen.

I have never met a billionaire (that I know of) but most millionaires I’ve met over the years worked hard and had a lot of drive.

Some examples: Chiropractor that had the drive to open more than one practice. Several construction GC’s. Lots of immigrants from the Caribbean/South America/Middle East which opened restaurants, hotels, operate other businesses. They all had drive/hustle to push them above others.

Even billionaires like Bezos/Jobs/Musk hustled or still do. Don’t you think?

I do agree there are some exceptions, Munger was a lawyer but he disnt seem to lift a finger lol

I disagree but I think my interpretation of hustle may be different than yours.

Buffett for sure hustled. In his early years the dude was doing newspaper routes and running small businesses.

He spent endless hours, neglecting his family, to devour the moody’s manuals and find bargain investments. Some of these he had to work hard to overthrow the management, including Berkshire Hathaway.

Buffett is constantly working, more than a traditional blue collar worker.

Yes, a good chunk of that is behind a desk but to me that’s hustling.

GM!

My goal today is to do the least amount possible.

Let’s see how that goes.

#coffeechain

*alone

Wha? There’s someone out there that became a billionaire by sitting and reading, along, thinking?

Maybe if they hustled first and then had the time to do the chill study part…

You become an adult by taking on and overcoming challenges and hardships. Like rings in a tree.

A lot of people choose the easy way and let life happen to them, like children. They deal with obstacles and pain but numbing themselves and looking the other way.

I think most people do, me included.

Sometimes a quick fix is needed. For example, you’re on a road trip and gas line is cut. Duct tape it. If your app/site is down and you can hack a fix to get it back up, do it. Just don’t let these quick fixes become permanent.

If you have some time though, it’s worth putting in the effort to figure out a more permanent solution.

This goes for investing as well.

Problem is figuring out how to preserve your savings and beat inflation. Money printer keeps printing, hard assets get more expensive, salaries remain fairly stable.

Quick fix is to try and day trade or leverage up investments to make up for the gap in assets and salaries.

More permanent solution is figuring out why the system works the way it does, what benefits the most, and then figure out how to get on that bandwagon.

I think you know what the answer is ;-)

One of the best things I learned was troubleshooting.

Troubleshooting taught me to find the source of the problem rather than figure out endless quick fixes.

Troubleshooting, first principles, call it what you will. Breaking a problem down is critical and has served me well in every aspect of my life.

Very good idea. Would be great to think of more ways to integrate with a small team, especially with older reluctant management.

Too many people worry about things they can’t control. Politics, economics, etc.

Focus on what you can directly control. Work, health, family, finances, etc.

You’ll have tangible results and be happier over the long run.

GM!

Put any excuses you have aside.

Don’t let excuses get in the way of getting things done today.

Identify the issues, figure out solutions, make decisions.

#letsgo