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Mindaugas
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Building software in fintech | Bitcoin and Lightning Network | Exploring the future of finance
Replying to Avatar HODL

What’s the book?

People often see #blockchain and cryptography as inherently connected and useful for a wide range of applications. However, while cryptography has countless valuable uses, blockchain, outside of #bitcoin, is largely useless.

Bad actors often exploit this misunderstanding and confusion.

Arcane is a masterpiece.

A bunch of retired people coming back to the market again, looking for any job they can get. Let’s catch up in 4 years again.

This does not seem to resonate with most people, and I genuinely cannot understand why. Bitcoin’s value proposition is such a simple concept to grasp.

They will then call and annoy you every time there is a dip, acting as if they were right 😉

Replying to Avatar HODL

Story time:

6 years ago my mother in law was left penniless in a surprise divorce at age 67.

My father in law (piece of shit) had left her with nothing and planned to dump her on social security.

She was working as a pre school teacher making $14 an hour.

We had to move fast.

Father in law literally shotgun divorced her.

Showed up at the doorstep with a notary and manipulated an emotionally fragile woman into a binding legal agreement.

I was pissed.

I showed up a few hours later with a series of financial plans.

And with tears still streaming down her face in the kitchen of her tiny apartment, she picked one.

I gave her 3 options.

1. Aggressive

2. Extremely aggressive

3. Dave Ramsey rice and beans

She chose number 3.

Over the next 4 years she rode her bike to work everyday. Watered down her lemonade. Spent nothing on herself. Walked dogs for extra income. Took weekend shifts at the preschool. Showed up early. Stayed late and against all odds was able to save 12k a year on a salary of only 27k.

I set up a couple retirement accounts for her and whenever she would scratch $1,000 together she would give it to me and I would smash buy GBTC or MSTR.

My mother in law has never invested a day in her life and I didn’t want the news or some boomer friend to freak her out, so my wife and I just tell her she’s invested in “the market” 😂

When Bitcoin (the market) is doing good, we tell her and when it’s not we just… don’t tell her lol

So she’s effectively shielded from the emotional volatility of hodling. Which makes her a very good hodler.

Fast forward to today.

I helped her retire from the preschool. She is now living with us and helping look after her grandchildren.

She went from being near suicidal. My wife and I were legitimately concerned about her mental health. To a happy healthy and vibrant grandmother.

And as of yesterday she crossed 500k in retirement accounts.

I expect she’ll be a millionaire soon.

She can now comfortably retire with dignity.

This is not something that would have been possible without Bitcoin.

As cool as it is to see people like @saylor make billions of dollars these are the stories I live for.

The average person fixing their life with bitcoin.

It’s so fucking beautiful man.

Life’s good.

Well done. ❤️

We hit omega, and McDonald’s is running on ghost mode - no staff.

You can run it on start9 or umbrel easily, no tech skills needed.

Fair enough! I will take it half back, then - will dive deeper into the protocol and see what it’s all about 😉

Why do you think there is so much hype around specifically this centralised solution?

eCash is kinda unnecessary. If you are taking on high risk anyway, super efficient centralized systems can do the job just fine. Bitcoin and the Lightning Network are next-level awesome.