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Mistakes of the poor or mistakes of the undisciplined?

Paying off a credit card on time and taking advantage of the zero-interest period is something that the poor can learn too.

That's interesting. I don't really think I'll be dead myself. One of the reasons I'm stacking is so that I don't die too soon.

But isn't criticizing the Fed barking up the wrong tree?

It's fiat that's broken, not the institutions that run it. They're just doing their job of fulfilling contradictory mandates.

I should have used the acronym TTS!

eBooks all the way. They're downloadable, searchable and extractable from with LLMs. And I can t2s them with Librera.

I don't need paper to take space and gather dust.

It's below 1 now.

Actually the median NW is higher in the UK

https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult

It's interesting how just a couple of years ago everyone was saying "Google missed out on the opportunity to win the AI race and they're going to become another Kodak, Nokia etc."

And now, with all the data they have from Search, YouTube, Gmail etc. their latest Gemini is smashing it and leaves OpenAI in the dust. But it's sad that AI is such a centralizing power.

My take is that most bitcoiners are operating under cartoonish assumptions about this, mainly from having never really thought critically about any of it and having instead incorporated the btc talking points as a matter of religion.

This is partly due to how many disciplines Bitcoin touches, and no one can be an expert in all of those.

Some bitcoiners will read Saif's books, which focus on the monetary side and talk about Austrian economics, and they'll conclude Bitcoin is the perfect form of money, with all the benefits of gold and none of its drawbacks, while skimming through the technical aspects and ignoring issues like the security budget, miner centralization, the risk of contentious forks, quantum threat etc.

Most of Saif's readers won't read Micah Warren for example, and most math heads are probably not that interested in reading Mises, and even less so in anything to do with politics or sociology.

Bitcoin is too complex for most bitcoiners to understand, and there is reflexivity in it, e.g. the differences in people's understanding can affect its future.

Also, Bitcoin adoption relies on proselytizers and orange-pillers, who understandably tend to idealize, simplify, reduce nuance to catchy phrases etc. to reach and inspire the masses.

A collapse scenario: https://fxtwitter.com/ActuallyClimber/status/1985835237947936871

Politicians will do anything, no matter how absurd, to prove themselves useful.

@ClimbThatLadder, who has a TradFi background and is probably far from what many on here would consider a 'true bitcoiner', posted a comment on X about how Strategy could fail. A good read.

Stem cells and organs will definitely be in demand. It should go hand in hand with the biological immortality Ray Kurzweil predicts.

Welcome to the club of the infected!

It depends. If it's your wife, it may be hard to hide, and you may have reasons not to.

And for that reason, if I become wealthy, I won't tell anyone and I'll try not to show it. The latter may be harder. I'm in r/FIRE, which despite all its ills, teaches that one thing well.

One of the most obvious signs (and greatest benefits) of wealth is retirement. The usual advice is to tell people you're a freelancer working from home, a portfolio manager or something like that.