Nostr

Replying to

Tom

Spend less than you make and patiently save in #Bitcoin

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nobody 2y ago

Simple advice, but it is the true road to long term wealth.

Replying to

Bitcoin for Freedom

Debt is a way for the wealthy to steal from the rest of us. That’s why there’s no tax on debt.

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nobody 2y ago

Exactly. New money is created when banks loan money, by that bank entering a number into a computer. There is no proof of work nor is there any real work at all in creating this debt money, yet banks loan it to us at interest. The whole system is a scam and it is why we need sound money. #Bitcoin

Replying to

zerohedge

peak complacency https://twitter.com/zerohedge/status/1664451964346814464/photo/1

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nobody 2y ago

Saul Goodman

Replying to

zerohedge

Here’s What Trump Has Promised If He Wins In 2024 https://www.zerohedge.com/political/heres-what-trump-has-promised-if-he-wins-2024

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nobody 2y ago

Without reading the article, let me guess. He is promising to solve all world problems in 48 hours, and it will be easy, and like nothing you have ever seen before.

Replying to

jb55

Another reason accounting in bits might be a good mental model:

Assuming 4-5 million bitcoin lost against the current supply: this gives about 14 million spendable btc. Market cap of gold is 13 trillion. 13 trillion / 14 million is about 930k (lets say approximately 1 million).

Therefore if bitcoin is as valuable as gold (reasonable exchange pricing method?) then 1 bit is a good mental substitute for $1, 1 sat is a cent.

Who knows, maybe bitcoin will never be as valuable as gold, but it’s hard to see how that would be the case. It should be worth more given the fact its *unconfiscatable, teleportable, mathematically scarce programmable money in cyberspace enforced by the laws of physics* but what do i know.

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nobody 2y ago

Closer to $6T in gold used for investment.

Replying to

Rico

Explaining #bitcoin at $100 to an empty room.

Explaining #bitcoin at $1.000 to an empty room.

Explaining #bitcoin at $10.000 to an empty room.

Explaining #bitcoin at $100.000 to an empty room.

Explaining #bitcoin at $1.000.000 is illegal.

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nobody 2y ago

At BTC $1M, Bitcoin will be too big for lawmakers to be able to censor speech about Bitcoin.

Replying to

ODELL

if it takes you four hundred pages to get your point across then you probably don't understand what you are writing about in the first place

proud to release my bitcoin thesis to the public for free, I hope you find it helpful

https://werunbtc.com/thesis.pdf

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nobody 2y ago

Ha ha. Beautiful.

Replying to

HODL

The tax treatment is the thing that keeps me from adopting that mindset.

Because if I spend bitcoin for lunch I just incurred a capital gain.

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nobody 2y ago

Technically if you zap someone you are incurring a capital gain/loss, right?

Replying to

Ben Goggin

As someome who has wasted years on posting with little reward, the zaps concept is actually genius

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nobody 2y ago

Exactly. Post something of value, receive value instantaneously.

Replying to

Ben Goggin

So it seem like RFK Jr is openly courting the crypto and bitcoin communities.

I’d love to hear what people on Nostr think about him, and about his reputation and viewpoints.

#rfk #btc #nostr

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nobody 2y ago

I generally vote libertarian but may vote RFK Jr if he is the Dem nominee. His stances on freedom/censorship/defense are more important than whether the tax rate is a few % pts one way or the other.

Replying to