Bible is pretty key
Bible is also highly effective
Exactly. The governments and banks were tied to not being able to spend more then they had, as the dollar was redeemable for gold, that meant, there was an inability to provide liquidity in a range of different areas. In the 20’s they had solidified the monopoly of the Federal Reserve and allowed for a lot of individuals to take out credit, but stocks on leverage e.g. 10x.
That created a highly leveraged market until it got to a stage that was unsustainable, The fed increased interest rates to rein in the crazy valuations and chaos ensued. The 30s was the unwinding of that leverage, which was gruesome.
They remained pegged to Gold. What got them out of it was a te valuation of the dollar with respect to gold.
The idea that in the future when we have so much abundance, that money will cease to exist is a fallacy.
As long as scarce resources exist, there will be exchange occurring between humans, and as long as we have life, we have death, which implies scarce time, hence scarce resources.
Money will always be present, and now that we have something that reflects the scarce nature of time itself, we will be able to value and exchange value in the most natural and aligned way ever to have graced our species.
The consequences of having Bitcoin as our base money, is so astronomical and unimagined as of yet, that it leaves me in pure awe.
Todo intercambiable tiene una calidad de cierta porción de ‘dinero’ en cualquier mercado. Un mercado siempre va a existir cuando hay recursos escasos, y eso siempre habrá, ya que nuestro tiempo siempre es escaso a base de la certeza de muerte.
Siempre habrá dinero al haber muerte en la vida, y cuando no hay muerte, no habrá vida.
Been thinking about what nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr said on nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqpzemhxue69uhk2er9dchxummnw3ezumrpdejz7q2hwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tmwwp6kyvtnx4uhzdnhv9j8wuncv3jngmrgveen2dn8dcmrg6rh0f6ksmnxvym8ywtddg6rwdnjx4eng6rtw4h85em6w9e8xdn3xaaquwrzjs podcast recently. Trying to work through the math.
Let’s say you start with 1 BTC, currently worth $100k. You borrow $10k against it (using BTC as collateral) and use that loan to buy 0.1 BTC straight away.
Now imagine Bitcoin grows at 20% per year, (very bearish) In Year 2, BTC is $120k, so 0.1 BTC now costs $12k. You take out a new $12k loan, use $11.2k of that to repay last year’s loan (including 12% interest), and with the $800 remaining, you buy a little more BTC about 0.0067 BTC.
You repeat this every year, take out a loan equal to the value of 0.1 BTC, repay the previous one, and stack the difference. Over time, you're gradually increasing your BTC stack with no additional cash input. Even though most of the new loan each year goes toward repaying the old one, you’re still adding small amounts of BTC every year and thanks to the rising price of Bitcoin, that value compounds.
After 20 years, you’ll have grown your stack from 1 BTC to around 1.2 BTC, that's a great return IMO, but if we bump that CAGR up to 60% you earn about 0.5 BTC, a massive return.
In other words, you’re letting your Bitcoin work for you, stacking a little more each year fairly safely,l and "passively", and without CGT.
The main issue is if Bitcoin drops, especially before you’ve built up much buffer you could face a liquidation risk if the value of your collateral drops too low.
For example, if BTC drops 50%, the same $10k loan suddenly represents double the risk, and you may be forced to top up collateral or sell BTC at a loss to cover the loan.
Is there anything I'm missing? because this seems like a great personal "strantagy" to me.
You’re shorting the dollar essentially so as long as you leave enough dry powder as a reserve to add collateral in case of a price tank, and you’re willing to wait out several years and be under water when the $ price remains under the price that you loaned at, it’s fairly sound.
I believe that’s what most property developers have done to acquire their big stack of real estate, except at better interest rates.
Things I would watch out for is assuming CAGR remains at 50% or so, and interest rates for dollar debt remains at 12%
Clare Island, West of Ireland
In BTC terms, all fiat currencies are in terminal decay.
What you do shapes your economic reality.
Whenever you're spending sats, someone is earning sats. Think about that.
https://blossom.primal.net/7221aad0683e08f6683f9a7384aaca47a05cf815968a439ed68585f79d1a42b9.mp4
If you ever want to earn sats, you better be spending them for your goods and services.
GM Nostr
Waking up still energised from attending last night's monthly meet up for nostr:nprofile1qqs0vzw43dp9x3v8drvm4udj326dld0ku6gdnxajwcxg8h36ssxragsprdmhxue69uhkzmrvv4ek7tngv93rxumfw3ax2m3wv3jj7qgewaehxw309akxjemgw3hxjmn8wfjkccte9e3k7mf0jzjm6m and paying in Bitcoin at SB Brewery in San Salvador
Bitcoin and Bitcoiners are alive and well in #Elsalvador
There were so many great people there who understand that Bitcoin is a mission and a movemememt that brings #freedom and #sovereignty
We must deploy
#mustdeploy
https://blossom.primal.net/c61cf0098952dd7b411aa88b5f88109a416a684e9b4cca93cac4f88acbea133a.mp4
Deploying tools and businesses that serve bitcoiners
Apps like Tando in Kenya are what will make a major difference in Bitcoin use.
More people willing to use Bitcoin and ok with holding it, knowing they can use it in any store.
Checking to see with nostr:npub15xd2mmjnh3caykh77djsv73e0zkrp42jp5mwerx8f4m6su40wdvss7t3l3 as feed seems to be primarily images
Can I post something without an image?
Yeah, of course, it’s a work in progress but far from impossible to be realised.
We will still differ in our preferences on what is just or not (hopefully on the marginal topics), therefore I believe there will be, just like today a variance in the laws for each society, where if you want those laws to be enforced for you, you contribute to the specialist in law enforcement in your area. Due to the inability of monopolising money creation, there will be fierce economic entrepreneurial competition, only leaving the best.
Entities will be way better at what they do, we will be able to develop much more complex systems that rely on prices which are based on sats, being incorruptible.
I believe each individual will be able to delve much deeper into who they are and express their essence through their work, whatever form that takes.
Compassion will be much more prevalent, and ultimately we will be much more present beings, being able to come closer to God.