Broken money has now priced the latest generation of youth out of:
- Home ownership (unaffordable)
- Social security benefits (collapsing ponzi scheme)
- Medicare benefits (collapsing ponzi scheme)
- Savings (inflation exceeds yields)
- Health (state fueled intervention and vaxx mandates destroyed the health of many)
- Ability to think (state schools don't teach how to think - they teach what to think. we have a generation of kool-aid drinkers poisoned by corporate media propaganda)
It's not hard to see why we're having a crisis of mental health in this country we're completely falling apart.
Found a loaded gun in a park today. Less than 50 yards from a playground. Just a reminder please be responsible if you’re concealing. Losing your firearm, especially next to a playground shouldn’t ever happen
Storing any bitcoin with a trusted third party is a bad idea. But storing your bitcoin with a marketing first, engineering second company is a really really bad idea.
Been in bitcoin a bit over 10 years I thought it would be a good time to reflect on some lessons I learned. When I first started buying bitcoin it was purely a novetly thing because bitcoin was the new hotness and I was (still am) a dork who was interested in GPU mining. I had no principled play, no underlying economic theory i was simply in it for the technology as they say. Lessons in chronological order as I can remember them.
I started mining in 2013 with GPU's then eventually moved to a Butterfly Labs Jalapeno device. I stopped mining simply because the ROI wasn't looking good on paper and mining wasn't quite a set-it-and-forget-it style investment. My townhouse was uncomfortably hot in the summer and that sucked. Lesson learned: Don't judge the value of bitcoin at present day market value if you don't need the money immediately. KYC-free sats are the best thing ever.
I stopped buying bitcoin when the market turned down 2014/2015/2016. I still hadn't acquired the economic thesis I have with bitcoin today. Lesson learned: never stop DCA'ing especially when you're gut is uncomfortable with the price action.
I used a paper-wallet with address re-use from 2013-2017. Ooph. Dodged a bullet here - could have had a compromised private key.
I bought ETH. I started listening to all the hype how ETH was so much technolgically better than bitcoin. Ooph. Fortunately I dumped it and did well. Started really fortifying the economic and technical theory for bitcoin.
BCH fork wars. Followed it closely. Post fork I was genuinely scared I made the wrong decision. Further fortified the case for bitcoin and against forks. Thank you Roger for the extra bitcoin.
Moved from a single Ledger setup to a multi-sig collaborative custody setup with Casa. Too expensive. Dumped them.
Moved to Unchained. Multi-sig, multi-vendor, open source. Perfect.
I am fortunate to this day that i have never sold a single-sat. I've exchanged for a few minor things here and there over time but never decided to start selling because I am very comfortable living below my means and securing a better future for my daughter and family.
Things I am doing right today: DCA daily. Strong custody.
Things I need to work on and things i still lose sleep over: better non-KYC stacking strategy, more clear pathway for inheritance.