Achieving 80-90% will make those other things very bad investments by comparison. But anyone who has an 80-90% allocation to bitcoin should do well.
Yes, all of those things have value, but because one of them is perfectly scarce I think all monetary premium will accumulate there.
Yes, that is the Keynesian bullshit that I meantioned.
The idea that people are going to trade with one money & save in another money is just a hangover from all of the Keynesian bullshit people have been fed. The scaling & privacy tools on Bitcoin are going to drain the value out of Monero & everything else.
You cannot force anyone to fund a cause you like.
You cannot delegate a power that you do not have.
You DO have the moral right to respond to initiations of force with force. So you can delegate some defense of yourself & loved ones to a 3rd party, so long as they are voluntarily funded.
Voluntarily funded security & other services are part of a free society.
Force funded organizations are not services. They do not "serve" anyone, they quite literally force you to serve them. This is a form of tyranny, no matter how they try to dress it up & pretend otherwise. Force funded organizations are criminal organizations.
The flag is the symbol of the govt religion that makes all govt criminality socially acceptable. Let go of your false idols.
I don't really have the legal freedom to stop funding the never ending banker's wars, so my opinion of the flag flying over all of said wars is meaningless, which was the goal. The superficial appearance of freedom without the ability to act on one's beliefs without breaking the law. But fuck their laws too.
Unfortunate that he was misled into fighting to promote the interests of corrupt people.
The founders said no entangling alliances, the bankers overthrew the country & got us into all sorts of entagling alliances.
Currently, getting people on #Nostr is probably the best way to show people how #Bitcoin matters.
It's funny how shitcoiners like to attack the tech that has allowed Bitcoin to do ~100x what any other coin has done, & of course you have to ignore Ark & attack federated mints too, because the existence of these things are basically the death knell for Monero. But the one thing you are all sure not to do is ever acknowledge that the only reason Monero works at all is because almost no one uses it. You have to pretend that Monero's scaling problems aren't the same (or actually worse) in order to pump your beloved dogshit to the "non technically inclined" in the hope of marginally improving the almost complete lack of a network effect.
#m=image%2Fgif&dim=360x360&blurhash=U7B%7By6JC00%7D%40MKIpPV-U%25N%24%23MxIo0Ls.%5EkI%40&x=7ca64596798d52d8d04e9a72fae20d32b7d94772c643af46a71cbdf5c551782fYou cannot put the same savings in both Bitcoin & Monero. They are mutually exclusive networks. You can put the same savings into Bitcoin & have it on a privacy layer built on top of Bitcoin. This, plus Monero's higher inflation rate & the larger scaling challenges, is why it doesn't make much sense to hold Monero at all.
It's not about religious devotion. It's about the unforgiving nature of monetary network effects.
Good luck with that... I think economic reality is going to hurt you.
Unfortunately many of my convos lately make me think we really are beyond the time for orange pilling. All the people who were going to learn from education alone have already found bitcoin. Most of the rest are too fucking stupid to be talked into anything. I used to think libertarians were just generally more curious & intelligent people, I was definitely wrong about that. A large portion of them are completely retarded & seem to be the sort who will self sabotage no matter how much things go their way.
We have to show people.
Relevant:
Something also missed is the risk that brokers & other 3rd parties represent in a system where political stability is no longer a given.
Diversification of income streams makes sense.
Diversification of passports & potential places to call home makes sense.
But when it comes to saving & investing, buy & hold the best thing. Buy the one thing you can really own in a truly sovereign way. Put all your eggs in one basket & watch the fucking basket.
#Bitcoin
💯 privacy tools are extremely important when it comes to protecting kids & families, & govt bureaucracies are highly attractive to the sort of psychopaths people need to be protected from. Best thing we can do is build better privacy tools, better webs of trust, & teach kids how to navigate safely through dangerous waters.
"The destruction of a value that is, will not bring value to that which isn't."
Ah, THOSE markets... I think markets of that nature are all going to look at lot different in the coming years. I think they'll all eventually be running on newer, more decentralized protocols & using ecash or some other privacy layer on top of bitcoin.