It's a constant struggle yes, 2 steps forward and 1 step back, but humanity has come this far and we will never stop finding ways to improve. I am sometimes pessimistic as well, but I prefer optimism generally. Makes me feel better if nothing else.
âż and Nostr are on the same team, and their network effects accelerate the adoption of each other. I can't wait until everyone uses both!
That's not what us HODLers mean.
https://primal.net/e/note1a6llljefapypz6ukg47ssnm907lxvyrvycumujnhhal8hfm6f7xqju4cn2
I'd like to add that this is not meant to say "don't spend anything! Save everything and never eat out, never buy fun stuff, never go on vacation!" and so on. Instead it's meant to make you be more conservative and delay gratification as long as you deem it reasonable, do I want to spend my money on cheap stuff now or be more patient and have better stuff later?
Because humanity never stops producing more stuff, and Bitcoin will never grow it's capped supply, relative to that capped supply of Bitcoin units the ever growing supply of new stuff gets lower and lower in cost. This is what nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m meant by "It's going up forever Laura!" and what nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe means when he talks about us living in a world of abundance where everything getting cheaper over time.
But do not forget that while our Bitcoin value grows, we're constantly losing time on the slow march towards the end of our time among the living.
We all have to balance whether the enjoyment we get from getting things earlier in our finite lives exceeds the greater value the finite Bitcoin spent on it will grow into.
For example, I have spent the equivalent of about 0.15 âż on my collection of physical media since the end of 2023. But I'm spending far less than I would otherwise because I'm also spending a lot of my free time finding the best deals possible, I find it feels like a treasure hunt! Shopping at thrift stores, online eBay resellers for used copies, or sales direct from the manufacturers.
This collection of physical media is more valuable to me than 0.15 âż is, because it's engineered fun for myself and my family and friends that I get to own and use without needing permission from anyone else, for the rest of my life.
Maximize your enjoyment of life, Bitcoin is just the greatest tool to do so. Don't HODL forever, but be more conscious in how you spend your savings and future you will be grateful for it.
I've thought a lot about this, and base my personal presumptions on the power law model found at https://www.porkopolis.io/thechart/ which says on January 1st 2027 the bottom will be $70k.
Comparing crashes, every time the price has crashed to a bottom of 80% or more down from it's all time high.
Considering this, I expect 5x the bottom of $70k to be the top. Or $350k. it could stutter before then, or crash less or more than 80%+, but even if it were to "only" crash 75% from it's ATH, than we're looking at a $280k top. Anything could happen though, so I'm personally guessing the top will be anywhere between $225k - $450k. If one were to sell any of their stack anywhere in that range, they'd be able to buy back in a year later and increase their position.
This actually helps both the Bitcoiner and the Bitcoin Network overall, because they're extracting economic energy from the liquidity pool when it's too high and at unsustainable levels, and inserting it again when it's at levels that are too low and where people are hurting because of it.
Replied to nostr:npub1x6h3prp8d9xn0dmsw0xsgnhuraw84zsy8de0pak9kly3a9fh0zmqsg0htebut thought a direct reply to you was also a good idea for more visibility, and because it's also directly relevant to your post.
nostr:note1564v26y63ef29z9a2kfry4ukzkq8kux38p4v5dl8lllarr73cv2qe27hsj
I've thought a lot about this, and base my personal presumptions on the power law model found at https://www.porkopolis.io/thechart/ which says on January 1st 2027 the bottom will be $70k.
Comparing crashes, every time the price has crashed to a bottom of 80% or more down from it's all time high.
Considering this, I expect 5x the bottom of $70k to be the top. Or $350k. it could stutter before then, or crash less or more than 80%+, but even if it were to "only" crash 75% from it's ATH, than we're looking at a $280k top. Anything could happen though, so I'm personally guessing the top will be anywhere between $225k - $450k. If one were to sell any of their stack anywhere in that range, they'd be able to buy back in a year later and increase their position.
This actually helps both the Bitcoiner and the Bitcoin Network overall, because they're extracting economic energy from the liquidity pool when it's too high and at unsustainable levels, and inserting it again when it's at levels that are too low and where people are hurting because of it.
Yep! đŻ
Bitcoin's mining network accelerates the development and deployment of ever more efficient renewable energy technology, by providing a huge incentive to create cheap and abundant energy which increases the profitability of the mining equipment. This future of abundance is accelerating towards us and will arrive much more quickly than people expect. The world isn't ready and doesn't expect it, but they're going to be forced to be freed by this abundance whether they like Bitcoin or not. đ
The algorithms are designed to do one thing and one thing only, increase engagement to increase exposure time to ads. What increases engagement the most? Negativity. So they boost negative content and suppress positive content.
On Nostr the negative content has no power if we all simply ignore it.
I received a negative comment from someone last week. "Shut up loser" is all they said, I just blocked them and moved on. The best action is no reaction, to not give them attention. Let them be negative in their little corner of the Internet, doesn't affect me cause I won't engage with it and neither will the people who I do engage with.
This is why when we're on a global Bitcoin standard I believe people will be financially free after only 10 - 15 years of time in the workforce, instead of the current 40 - 50.
Imagine how much better life would be if everyone worked only as much as they wanted to, because everything was affordable. This is what Bitcoin truly gives us, our lives back.
Actual speech disappears instantly and only exists afterwards through first or second hand written accounts. Nostr may not be able to permanently keep a record of all notes, but through nostr our speech is much more likely to last for decades or even centuries and millennia.
Gotta love the central bank grift.
> Never fund critical thinking courses in public schools, or courses on how money works, or on how to protect your wealth.
> Encourages everyone to invest in the stock market for retirement, without teaching anybody how to do it in schools.
> Average people working to make ends meet just keep their excess in a savings account with no interest.
> Borrows dollars from everyone and promises to pay it back with (on average) 4.2% annual "interest".
> Prints on average about 7% new dollars in a year so all dollars are worth about 7% less. This includes the previous loan debts that need to be paid back. 4.2% (interest) minus 7% (debasement caused value reduction) nets a real return of -2.8%. Treasuries are a bad investment.
> Measures the countries economic growth in dollars year over year, without adjusting for the reduction in the real value of the dollar.
> Economy "grows" 2 - 4% every year as measured in dollar units.
> Proclaim: Success! Economic growth goal succeeded!
Gee I wonder why average people earning an the average income can no longer afford basic living expenses anymore, like a average home or childcare or healthcare or university.
Don't worry though, the economy is doing great...
#CentralBanks and #Governments be like:
"The inflationary theft of your savings and wages will continue so the #economy improves."
GM fellow Nostridges!
What y'all having for #breakfast?
Here's what I often have lately, a thick smoothie with tons of fruit and greens. I literally don't feel the same without drinking this regularly, highly recommend it for improving your health!
Recipe inspired by https://alittleinsanity.com/dirty-juice/
I will give one of our limited edition nostr:npub1g3ra9r7duxrh8q0l2l08ku73ptdfgr0z376mvc2earlfhm6s6xxss8lnnz nostr:npub1yjryjq2kdganuc69zme9agk0q4rjcnlxel3fwp3xm9z68phsxngsqd33a9 âThe Liberatorâ cards to two people who â¤ď¸ and âťď¸ this post. If over 100 people â¤ď¸/âťď¸ I will add a third card.
That card looks awesome!
I like it occasionally. Flat water is the OG though.
Twitter is dead, it's grave marked with an X.
