3 zaps for your 3 kids.

Thank you for your service JP!

#proofofsteak 🥩 #foodstr

Happy Easter Nostriches

Go forth and multiply!

On this day 3 years ago, this girl became a mom. ❤️

B1tc01n

nostr is the best nostr:note1258dsumcmvzk8uspuqdnuymd4unstl8s6twxk28232p2thxew90que4x5v

Every Sovereign Individual has to self custody his own data and his sats.

Not your keys Not your reality.

#nostr #selfcustody

Confession:

After a solid week on #nostr I don't think there is a way back to traditional social media for me.

I go back just to realize that I completely don't get it.

There is no value, just endless noise, psyop and propaganda. There is hardly any discussion but trolls..trolling each other and people shouting over one another.

I prefer #value4value model and space where I have time to think, absorb and contribute.

Worst UI ever. Do I check or uncheck to unsubscribe? Just kidding, I tried all the permutations and I still get marketing emails. Blocked.

I’m not sure that’s the better financial decision. Let’s say you have $200k in cash and consider building a equity portfolio with dividends to generate income.

You have a choice. You can put the full $200k into bitcoin or you could split it say $100k for bitcoin and $100k for equities.

Bitcoin has averaged more than 50% per year if you consider the full four year cycle.

That suggests your $100k bitcoin investment would be $150k (or more) in an average year.

Your dividend portfolio in comparison would be worth say 110k. And let’s also say that you received $10k in income (which is incredibly generous as I’ve owned a lot of equities and found it difficult to break a 10% dividend rate while also getting a 10% capital gain).

So, a $50k gain for bitcoin and a $20k gain for equities. It’s better to have the bitcoin. And that decision compounds, so over 10 years the bitcoiner is far, far wealthier than the equity investor.

Any bitcoin you buy with your income is being purchased at the end of the period meaning you lost out on the gains of the period.

Also consider that your dividends are likely taxed at income rates while your bitcoin sales could be long term capital gains. Which means you pay higher taxes if you live in the US.

Also consider that your equities are controlled by and can be seized by your government. Your cold storage bitcoin is controlled by you.

It seems a much better decision to invest all of your capital into bitcoin and trade some of your time for income if you still need income. Eventually you’ll have enough bitcoin so you won’t need to do that.

Good luck!

FTX founder Sam Bankman-Fried will be sentenced at 9:30 a.m. ET — Prosecutors are looking for a sentence of 40 to 50 years in prison