A lot of people have heard my moped story, but heres the math on it. In 2016 I needed $5,000 to pay my wife’s master’s school tuition. I didn’t have $5,000 cash at the time, but I did have bitcoin. Bitcoin was trading at roughly $500, so I would have had to sell 10 bitcoin in order to pay the tuition. I didn’t want to do that so I sold my car instead for $5,500. I took $500 of that and bought a shitty moped and used the rest to pay my wife’s tuition. So I rode the moped around the rest of the year and everyone made fun of me. Usually I play this part of the story up, but tbh it didn’t bother me. The people making fun of me were poorer than I was, they didn’t understand bitcoin or the market or even basic budgeting. When people would make fun of me I would tell them why I was doing what I was doing. Then I would start peppering them with questions about their financial life. “Oh so you financed your refrigerator? You’re still paying that off huh?” “You have a timeshare you’ve never been to? How’d you get talked into that?” People would generally go from laughing at me riding the moped to feeling shell shocked by me popping their bubble of comfortable delusion. Still I drove the moped and everyone thought I was being weird and ridiculous and silly etc… At 100k that decision was worth a million dollars. At a million it will have been worth 10 million. And at 10 million it will have been a nine figure decision. 100 million dollars. I only rode the stupid moped for 8 months. Ask yourself? Would you face 8 months of sacrifice and ridicule for 10 million in the future? Because there are things you could be doing today that would generate that for future you. My advice is to have your own moped moment. Do something a little weird/cringe/out there in order to stack more sats and then check in on the sats in 10-15 years. I think you’re going to be happy with the results. image

Replies (106)

Crazy story! I can only have massive respect for someone like you! It takes a lot of courage, discipline and consistency to ignore other people’s opinion and stay confident with your own decisions Cheers buddy! I’ll drink tonight one on you 🥂
Sea Beaver's avatar
Sea Beaver 0 years ago
That's a nice looking ride to be honest.
I’ve lived in the same shit apartment with my gf since 2020. We pay $800 total and the landlord must have forgotten he owns the building bc the price has never been raised. It’s been a big reason I’ve been able to stack my ass off.
Haha yes, I wear ancient clothing with rips and tears in it and I don't heat my home. I look like a bum and I know it. I don't care how it's perceived (any more). I'll buy something decent when fiat dies, or maybe next bull.
I worked two jobs in college and still didn’t eat or buy anything because I needed to stack more sats. Lost like 10 pounds lmao but now I’m 2 years out of school and already thinking about how I can buy a house and retire from my fiat mine job in less than 10 years
Nobility comes from blood. Resignations over something greater in the future is what makes someone noble. Time-preference in behavioral economics.
John's avatar
John 0 years ago
I worked remote, lived with my parents, and threw 93%+ of every paycheck into btc for the last year and half
HODL's avatar HODL
A lot of people have heard my moped story, but heres the math on it. In 2016 I needed $5,000 to pay my wife’s master’s school tuition. I didn’t have $5,000 cash at the time, but I did have bitcoin. Bitcoin was trading at roughly $500, so I would have had to sell 10 bitcoin in order to pay the tuition. I didn’t want to do that so I sold my car instead for $5,500. I took $500 of that and bought a shitty moped and used the rest to pay my wife’s tuition. So I rode the moped around the rest of the year and everyone made fun of me. Usually I play this part of the story up, but tbh it didn’t bother me. The people making fun of me were poorer than I was, they didn’t understand bitcoin or the market or even basic budgeting. When people would make fun of me I would tell them why I was doing what I was doing. Then I would start peppering them with questions about their financial life. “Oh so you financed your refrigerator? You’re still paying that off huh?” “You have a timeshare you’ve never been to? How’d you get talked into that?” People would generally go from laughing at me riding the moped to feeling shell shocked by me popping their bubble of comfortable delusion. Still I drove the moped and everyone thought I was being weird and ridiculous and silly etc… At 100k that decision was worth a million dollars. At a million it will have been worth 10 million. And at 10 million it will have been a nine figure decision. 100 million dollars. I only rode the stupid moped for 8 months. Ask yourself? Would you face 8 months of sacrifice and ridicule for 10 million in the future? Because there are things you could be doing today that would generate that for future you. My advice is to have your own moped moment. Do something a little weird/cringe/out there in order to stack more sats and then check in on the sats in 10-15 years. I think you’re going to be happy with the results. image
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bc21's avatar
bc21 0 years ago
STAY HUMBLE AND STACK ZAPS
Throughout 2022, I took every step possible to reduce my living expenses. Peanut butter and jelly sandwiches for lunch, expired coffee from the discount store. Every purchase was delayed until absolutely necessary, and every want had to sit on a month-long wish list before I even considered it. I shopped for the cheapest phone and insurance rates, gave up drinking alcohol almost entirely, and cut every comfort down to its most basic, affordable version. Every spare cent went into bitcoin. View quoted note →
R's avatar
R 0 years ago
How can this be? I was told early bitcoiners just got lucky😂
Bryan's avatar
Bryan 0 years ago
That’s impressive. I’m not sure I would have had that kind of conviction.
Ped means foot. This a pedal. Similar to pod as pseudopod. Also pada in Sanskrit is pathway as in walking, e.g. Dhamapada, the pathway to/of Dhama (Dharma). You're welcome. Pedagogy is teaching.
Shock 1971's avatar
Shock 1971 0 years ago
You continue to inspire me, what a story!
My uncle had one in the 70s and it was amazing. In the late 90s one friend rigged one to run on alcohol. He started the Hempcar program.
Incredible story, not quite a moped moment, but my 85 Jeep Wagoneer gets a lot of confused looks while cruising around close to the money printer and around indebted communities.
In late 2022 (btc=$16k), my daughter begged me to convert her spared btc to fiat in order to buy a new car, though she literally lives in front of university and doesn't really need a car. Now she's glad I convinced her not to.
Dr. M's avatar
Dr. M 0 years ago
Thank you for sharing this story. Cane at the perfect moment
Love this. My car costs less than everyone’s phone. It gets a slagging but I slag myself first to de fang it. Already it’s worth it imagine 10 more years
S!ayer's avatar
S!ayer 0 years ago
Wtf did I just read
HODL's avatar HODL
A lot of people have heard my moped story, but heres the math on it. In 2016 I needed $5,000 to pay my wife’s master’s school tuition. I didn’t have $5,000 cash at the time, but I did have bitcoin. Bitcoin was trading at roughly $500, so I would have had to sell 10 bitcoin in order to pay the tuition. I didn’t want to do that so I sold my car instead for $5,500. I took $500 of that and bought a shitty moped and used the rest to pay my wife’s tuition. So I rode the moped around the rest of the year and everyone made fun of me. Usually I play this part of the story up, but tbh it didn’t bother me. The people making fun of me were poorer than I was, they didn’t understand bitcoin or the market or even basic budgeting. When people would make fun of me I would tell them why I was doing what I was doing. Then I would start peppering them with questions about their financial life. “Oh so you financed your refrigerator? You’re still paying that off huh?” “You have a timeshare you’ve never been to? How’d you get talked into that?” People would generally go from laughing at me riding the moped to feeling shell shocked by me popping their bubble of comfortable delusion. Still I drove the moped and everyone thought I was being weird and ridiculous and silly etc… At 100k that decision was worth a million dollars. At a million it will have been worth 10 million. And at 10 million it will have been a nine figure decision. 100 million dollars. I only rode the stupid moped for 8 months. Ask yourself? Would you face 8 months of sacrifice and ridicule for 10 million in the future? Because there are things you could be doing today that would generate that for future you. My advice is to have your own moped moment. Do something a little weird/cringe/out there in order to stack more sats and then check in on the sats in 10-15 years. I think you’re going to be happy with the results. image
View quoted note →
Its similar choice today expecting 20M in 2033. Best to get cheaper education today and stack some.
That's actually a cool moped (didn't know they are called that in English, we call them scooters here). Man, imo, mopeds are the shit, I would ride one to 100M BTC and beyond.. 😆
Make the right decisions in 2025, it could change your life in a few years.
HODL's avatar HODL
A lot of people have heard my moped story, but heres the math on it. In 2016 I needed $5,000 to pay my wife’s master’s school tuition. I didn’t have $5,000 cash at the time, but I did have bitcoin. Bitcoin was trading at roughly $500, so I would have had to sell 10 bitcoin in order to pay the tuition. I didn’t want to do that so I sold my car instead for $5,500. I took $500 of that and bought a shitty moped and used the rest to pay my wife’s tuition. So I rode the moped around the rest of the year and everyone made fun of me. Usually I play this part of the story up, but tbh it didn’t bother me. The people making fun of me were poorer than I was, they didn’t understand bitcoin or the market or even basic budgeting. When people would make fun of me I would tell them why I was doing what I was doing. Then I would start peppering them with questions about their financial life. “Oh so you financed your refrigerator? You’re still paying that off huh?” “You have a timeshare you’ve never been to? How’d you get talked into that?” People would generally go from laughing at me riding the moped to feeling shell shocked by me popping their bubble of comfortable delusion. Still I drove the moped and everyone thought I was being weird and ridiculous and silly etc… At 100k that decision was worth a million dollars. At a million it will have been worth 10 million. And at 10 million it will have been a nine figure decision. 100 million dollars. I only rode the stupid moped for 8 months. Ask yourself? Would you face 8 months of sacrifice and ridicule for 10 million in the future? Because there are things you could be doing today that would generate that for future you. My advice is to have your own moped moment. Do something a little weird/cringe/out there in order to stack more sats and then check in on the sats in 10-15 years. I think you’re going to be happy with the results. image
View quoted note →
Ryan Reynolds's avatar
Ryan Reynolds 0 years ago
This story has spoken to me, since I first heard you tell it on What Bitcoin Did. I think of it everytime one of my no-coiner, ‘I’ll buy tomorrow’ friends asks me why I don’t have newer golf clubs, TV, car, etc.
Kind of sort of. The moped made you very independent. You could get 100 miles on a gallon of gas which in the 1970s was under 1 $USD. If you ran out of fuel you could pedal to the gas station. It was a miserable pedal but it was possible. eBikes definitely have a use though. In Portugal I saw a lot of ebikes doing food delivery. The hills were manageable with the electric motor. I still prefer the moped and I'm disappointed that it's hard to buy or find one.
Hmm. Maybe gas stations should add battery change stations for e bikes so you can refill the battery instantly at a station instead of waiting to charge
Jon's avatar
Jon 0 years ago
I know someone who cycles to work as often as they can. When they do they take the savings from driving and buy #bitcoin They call it bikecoin 😁
Ecnal's avatar
Ecnal 0 years ago
This really is a mind bending technology in the current fiat economic dystopia we are all living through. Having the ability to make economic calculations and gauge opportunity cost is such a foreign concept to our reality. Even after 16 years, and an exponential rate of growth, the masses are still looking at us with that same fluoride stare
Jeffrey's avatar
Jeffrey 0 years ago
Absolutely love this. Legendary
Thanks for sharing. Very inspiring! My story is similar but I forgot to stack sats with the saved money. My friends with stock portfolios spent more and saved more at the same time. Probably this fact was necesary for me to discover bitcoin before my stock friends.
Jean DuBois's avatar
Jean DuBois 0 years ago
Legend! Put this picture on a shirt, I will be the first to buy it.
thats a great story, i feel the same. its not about how rich you look, its about financial freedom
Default avatar
Herpaderpa 0 years ago
I've had a guy at work laughing at me for driving an old Mazda, when he spends most of his paycheck keeping his fleet of cars going and paying his part landlord on his part ownership help-to-buy scheme I just smiled, thought of my stack and went on with my day 😄
Hallo Bitcoin's avatar
Hallo Bitcoin 0 years ago
Thanks for sharing. Any chance we have a video chat for my german YT Bitcoin only channel? It will get <2k clicks because it's english, but I would love to have some kinda philosophical takes on Bitcoin and life from you. 🧡 🔥
The key message here is to not care what other people think of you. Seriously. I wouldn’t have even bothered wasting my time trying to burst their bubbles. As soon as you start caring what others think of you, you are no longer living your own life but instead living one through their eyes - a version of your life dictated by their own perspectives, judgements, prejudices, closed-mindedness. Ain’t NOTHING wrong with a moped too.
Wish I'd figured it out that early, kudos. Im doing my best, though - happily driving my 15 year old prius, using my $60 phone, and delicately talking my wife into more economical vacation destinations. Buying a 1/2 cow every year is also a big source of savings which I would highly recommend.
Default avatar
Sabatoso 0 years ago
Love this story and will share with my son. Watch the TV series - Gomorrah, all the Italian gangsters are rolling around on mopeds like that.
Slate's avatar
Slate 0 years ago
could have told the wife to pay her own tuition, and bought 10 more bitcoin.....
Btcfeen 's avatar
Btcfeen 0 years ago
I had my roommate pay me in btc when it was 200 bucks. Not quite the same but worked out
I stopped listening to people and their jokes. At some point, they realized on their own that I was right, and now they don’t even try to engage with me because they probably feel foolish. Proof of Moped. image
Diyana's avatar
Diyana 0 years ago
I once won a brand new sparkling red vespa in a random raffle at an Italian festival in Portland out of 5000+ entries. It was cool but I was too weak for it or just hadn't figured how to get it off the stand and I luckied out to sell it for $3500 to a woman collector and just on time before the rain season. I did need the money but man how I wished I would have just known about Bitcoin and bought some with it instead. 😅 funny thing is years later I rented a scooter for $30 per month for 4 months when I lived there and I realized all would have needed to do is use the side stand to keep the scooter up with no effort whatsoever. oh how I miss that warm breeze in my hair riding my scooter around Ubud☺️
Brilliant story. Hadn’t heard it before Personally, I love a good moped, so would never mock that, but wow those roi figures are nuts aren’t they Everything is an opportunity cost against Bitcoin… In 2017 I bought a 1980 Mercedes SL with Bitcoin Cash I had just after the hard fork Circa 5k gbp I sold it a few months later for 4.5k gbp. Absolute hunk of junk. Leaked. Smelt. Battery died the whole time. If only I’d exchanged those BCH for Bitcoin… Classic example of a tuition fee en route to Bitcoin HODLer
but this is the issue when creating a bitcoin circular economy, I don't want to buy a beer now that in 5 years will cost me thousands in BTC.... it works both ways, Bitcoin can't be used as money until it stabilses enough to not screw your future self off... pizza day is a fine example at what point and at what value will it be stable money? it's only a savings account until 2035 sadly.
₿illy 's avatar
₿illy 0 years ago
I already have a good stack, but I’m selling my Tundra right now and will use it to stack some more. And I love this damn truck image
₿illy 's avatar
₿illy 0 years ago
It’s a third vehicle and I don’t truly need it, which is why I’m doing it. It’s really getting up there in miles too, so I want to sell it while I can still do pretty well on it.
Jose Sammut's avatar
Jose Sammut 0 years ago
Opportunity cost is the same, whatever the mode of payment. In any case, hypothetically; If no one buys anything cause they all decide they'd rather stack sats prices would plummet relative to BTC. Whatever happens you're better off buying something when it is less in demand.
Ridiculed for driving a moped? Tell me you're American without telling me you're American.
satskew's avatar
satskew 0 years ago
Reaping the rewards of a low time preference. Inspiring story image
Took me forty years to figure out, but: "The way you learn to not give a shit what people think, is by not giving a shit what people think."
I hear ya, but better to skip the moped & get one with a much bigger engine that can go as fast or faster than the cage drivers.
The costs aren't much different & many look the same but they don't handle like it.
The Asian countries have the balance just about right with the Nmax & PCX.
Default avatar
npub1vrq8...jm6m 11 months ago
Instead of buying a second car, I bought an eBike in 2022. I saved over 0.3 BTC, cycled more than 13,000 km, and gained an additional 900+ hours of time listening to Bitcoin podcasts. I cycled through all kinds of weather—minus 20 degrees, rain, ice, and about a third of the distance with a child bike trailer. On mornings when it was 6 a.m., raining, and I was cycling to the office for an hour, I would think about the stacked sats and the opportunity I was building for myself and my family.