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sculpture artisan

please do, and maybe there should be a feather in the cap

Replying to Avatar HODL

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

interesting framing. part of this thought experiment has to be longevity, mental health, mental sharpness, and the state of one’s soul

i’m thinking in scenario 2, you might die younger from accumulated stress but with a sharper mind at the end from the need to stay on your toes

hard to say

and then there is the spiritual side. that’s another conversation altogether which is not conveyed in this thought experiment

One way to keep up with what is happening is to watch the news. But governments control their populations this way, so while you will hear about many things, you will not hear about others, and you will be given politically-correct programming.

Ground news tries to show you which news sources are left and right, and fill in your blind spots.

Alternative news gives you stories you don't see elsewhere: greyzone, revolver, people on substack, youtube and rumble videos, etc.

But people lie and exaggerate for many reasons. They may say something is true because they wish it was so ("Ukraine is winning" or "Russia is stronger now"). They may express certainty for multiple propositions, when in reality they are far less certain about one of them.

You could have a show where people are required to not just express their views, but also give a confidence level. But they still would lie and exaggerate.

You could make them put money on the table. Then they will be less prone to lying and exaggeration.

Betting markets do this already. What is true, what confidence level do you have, and also people must put skin in the game. But they are more about events that have not transpired yet. But hell... those are even more interesting than what already happened.

It would be awesome if there were betting markets about past events, including recent newsworthy ones. If that existed I would read that to get my news. The obvious problem here is adjudicating and settling the bets. Maybe the winner is whatever the majority believes 3 years hence. People who bet COVID came from a lab would be paid out already. People who bet against Russiagate too.

This is super interesting. There would have to be some kind of way to leave things undetermined too I suppose, like where is Jimmy Hoffa?

… or for events to become legend or myth, like King Arthur.

Replying to Avatar Cole McCormick

I got so caught up with boostagrams and Primal 2.0 I forgot to do something crucial. Here is my official #introductions post:

My name is Cole McCormick, I live in Los Angeles. I’m an early adopter and innovator. I came out here to Direct movies and tell stories. I am a podcaster, my first being in 2016, currently hosting AMERICAPLUS. I’m also producing promotional videos for nostr:npub1pj3a304qsdh99yr5wkug75rfznr284fzy7zalfnuwkctwyye2djsae7des .

In 2021 I discovered nostr:npub13ql75nq8rldygpkjke47y893akh5tglqtqzs6cspancaxktthsusvfqcg7 and his shows, one of them being podcasting 2.0, that took my down a wonderful rabbit hole. I rediscovered the magic in podcasting and was aligned with the ethos of V4V. I wanted to earn Bitcoin for my work, I was one of the first 1200 podcasts that had a value tag on their rss feed.

My vision for AMERICAPLUS has always been to seek positivity in the world. So I talk about a lot of different topics I think are good to talk about. Bitcoin, politics, spirituality, history, movies, Bible, and most recently Nostr. It’s been a solo mission but I have plans for more conversations/interviews and have that be the main thing.

I have made two short films (which I will be posting to Nostr soon) “The Break In” based a real and random night, and “Magic Mushroom Fun Time!” Which was the first V4V short film using V4V Music and distributed over RSS. I gave my small crew splits of payment from the podcast apps and we all made thousands of Satoshis. That was cool.

Fast forward to the last few months my life has been changing rapidly. My dad died in August 2024, I’m working at a steakhouse that, to be completely honest sucks ass, and I’m going through a break up 😂. BUT…I found Nostr.

I seek to be the best version of myself ultimately. Aligning my personality with my soul. So I am going into 2025 with creativity and an open heart. I want to be apart of this new world in the best way I can serve creatively. More videos and short films coming. More podcasts with cool and innovative people. More light.

If you would like to connect I’m always up to talk. If you want to help me make a movie, the answer is yes! If you want to come on my show, let’s schedule it! If you think this post is worth it, zap it!

My soul goal is to give value to people in the best way I can. We are in incredible unprecedented times, and I see only bright things for our future. Let’s go to the moon plebs.

BRAVO LFG

#artstr nostr:note14tvj49tqhmwl8fzjcuxkf9da97xas4wg80r0cy0r7tudusg7xf2s5fcvyz

Moneybags!! I’m out here buying dozens of 🇿🇦 ZAR worth, DOZENS