Here, early in Romans 8 - we see the concept that any person or system controlled by people will be corrupted. I’m not proposing that Bitcoin was sent by God. However this aligns with the principle that we do not try to control money, but allow it to be independent and immutable like the spirit mentioned here, we cannot give into human temptation to corrupt and exploit the issuance and structure of money. Bitcoin is a better independent and incorruptible spirit of money than anything that has come before.
“For what the law was powerless to do because it was weakened by the flesh, God did by sending his own Son in the likeness of sinful flesh to be a sin offering. And so he condemned sin in the flesh, in order that the righteous requirement of the law might be fully met in us, who do not live according to the flesh but according to the Spirit.”
Romans 8:3-4 NIV
Romans 7 & 8 provide the most powerful case for Bitcoin as a Christianity-aligned tool as exists in the Bible.
Here in Romans 7, Paul describes a pattern we see replicated in fiat. A corrupt system forces us to make choices that we can see are wrong or short-sighted. You feel compelled to borrow and spend even if you know those aren’t the right things to do. You want to save, but even if you think you are saving - your savings disappear. There is a force stronger than you that is guiding your actions, and until you step outside of it and recognize the corruption of that system - you are a slave to it. Fiat is sin in this example.
“We know that the law is spiritual; but I am unspiritual, sold as a slave to sin. I do not understand what I do. For what I want to do I do not do, but what I hate I do. And if I do what I do not want to do, I agree that the law is good. As it is, it is no longer I myself who do it, but it is sin living in me. For I know that good itself does not dwell in me, that is, in my sinful nature. For I have the desire to do what is good, but I cannot carry it out. For I do not do the good I want to do, but the evil I do not want to do—this I keep on doing. Now if I do what I do not want to do, it is no longer I who do it, but it is sin living in me that does it.”
Romans 7:14-20 NIV
The optimistic view is we have an army of miners working at fiat corporations - extracting fiat to convert into BTC. We’re digging a tunnel to the future.
Random finds on the weekend walk.
nostr:npub1rjc54ve4sahunm7r0kpchg58eut7ttwvevst7m2fl8dfd9w4y33q0w0qw2
#photography #junk #salvage #nature #carstr #mountains #desertstr #picstr 
If you find a car broken down in the desert, maybe look for bones too.
Traveling today. Just got notified of a 5 hour delay on my second flight.
It’s like a whole day being stolen from you.
Reading/viewing suggestions to make use of my time?
Bitcoin is divisible into Satoshis or sats. Everyone knows this.
Now - without doing research name the subunit of any shitcoin.
Tells you something that you can’t, doesn’t it.
And if you are over 50? Asking for a friend.
When I came here from Soviet Russia, I was interested in politics for only one reason - to reach the day when I would not have to be interested in politics.
- Ayn Rand
I’m currently driving a car that cost me ~10 Bitcoin when I bought it. I didn’t know or appreciate this at the time I bought it.
I know now and it makes me smarter about all my financial decisions.
Still would be nice to have those 10 bitcoin….
If they wouldn’t have sold them, I couldn’t have bought them. I thank them for their service.
Sanity is not truth. Sanity is conformity to what is socially accepted.
- Robert Persig
Not working today, so I did some options math on $iBIT. Either I totally screwed this up, or it is just a terrible deal.
The farthest dated, highest target Call options I could find were January ‘27 at $100.
$100 iBIT implies a Bitcoin price of $175k.
These calls cost $16.30, so $1,630 for a 100 share contract.
To break even, you thus need Bitcoin price of $204k in January 2027.
Break even means Bitcoin more than doubles from here, but you have no gains.
If Bitcoin hits $306k, then you would 3.5x your money. Big move from $98k, but decent payoff.
However, just buying and hodling from $98k to $306k gets you 3.12x your money - without the risk of losing all your invested capital should you not hit the break even price.
The risk/reward makes no sense. These guys are pricing in a ton of volatility.
For you to get a meaningful delta between hodl returns and option returns, you really have to be assuming a Bitcoin price of >$400k. This would get you 7x on your options vs. 4x on your hodl.
Greedy pigs get slaughtered. I’ll take the 4x. Stay humble, stack sats. nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
A hero is omeone who understands the responsibility that comes along with his freedom.
- Bob Dylan
My family will think I cooked all day. Don’t tell them.
One of the few things i miss living in Nashville is authentic Asian food.