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ChaoticDad
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Recovering Metals Stacker Minarchist Aspiring Chaotic Neutral

No one knows nor should pretend to know

I don’t believe we will see diminishing returns yet because we’re not leveling off in adoption yet, but literally anything can happen that can suppress price and adoption, at least in the short term

The only thing we can be certain of is that the dollar is doomed…if we start talking hyperinflation, all the models are broken

Yep, people act like 3 data points is enough for a reliable trend

I only own my primary residence, so very very little.

I think it’s a better asset if you’re able to reduce costs and maintenance via your own handyman skills.

I have a buddy who lost a lot in stocks, but is a journeyman level handyman. My advice to him was to pretty much go all in on RE because he has an edge there, rather than gambling in stocks.

Yep, I mean, I want to hope he’s just playing the game here, but no real need to dish on self custody. He’s probably right to point out that extremist concerns are probably not very relevant, which is also true for the other side that thinks def custody is bad.

Both have their place for widespread adoption. L2s and L3s will eventually have some flavor of custody, which have some useful applications, just as self custody certainly does in eliminating counter party risk.

Housing should never have been monetized, though

RE is a hard asset, so Bitcoiners shouldn’t hate on it so hard, but too many inferior assets have been monetized that shouldn’t have been.

In addition to taxes and insurance, the maintenance costs can be highly variable and uncertainty (not great for an asset). Additionally, not very liquid and higher slippage when selling.

RE has its place, but Bitcoin SHOULD lead to a demonetization of real estate moving forward.

Lastly, you need to consider total returns, not cash flow or money udders. Cash flow lulls people into a false sense of assurance, imo.

Good luck buying bitcoin in 2009 tho…not the best comparison there

You mean the free market doing its thing is a centralization risk?

No, it’s not. It changes nothing about the decision making of the network.

It may be a honeypot and a price risk, but don’t mistake that for less decentralization.

How about no nostr:note1hm3wddlcprd2g8uum97nwrye25w5lrgyhfs64y5x3es2lna04znqrfaq2z

#asknostr

So I see in my album that the Addy bot zapped me some sats yesterday, and I enabled the zap button, but not seeing in zaps pull says out of my Alby

The Addy bot says everything is kosher with my Lightning address…any thoughts on why sats aren’t leaving my account when I try to zap?

#btc #bitcoin

Stock bros don’t get that +/- 5% moves are perfectly normal for Bitty. They think it’s crashing…

I hope they get it one day

#btc #bitcoin

It’s going to be great holding Bitcoin into retirement. I’m not sold yet on generating yield, but volatility should decrease which will be ideal as we get older, especially after being conditioned to high volatility.

Well, that’s a crock of shit…not unexpected, unfortunately…ty!