pull down to refresh
0 sats \ 0 replies \ @TheBTCManual 19 Jan \ on: Is it still early tho? bitcoin
I think we're still early 2 trillion in global cash balances in an asset is a relative drop in the bucket, plenty of upside to go.
Of those cash balances how many are individuals who have no other cash balance to spend? I venture to say very few, once your fiat cash doesn't get you jack shit, which is coming for me sooner than those in developed nations I will have to be prepared to use my Bitcoin.
If I just look at my personal experience if I spend Bitcoin i'm replacing immediately, because I still have the luxury of fiat income I want to spend the bad money first and also secure as many sats so I have a bigger pool to draw down from since there's no yield on Bitcoin
Unless you have insider knowledge of where some major public project is set up and preferential access to capital so you can frontrun those developments I honestly don't see how flipping makes much if any profit in nominal terms.
Another is if you were able to prospect land that has minable resources, if you're sitting land with some kind of commodity then sure you can mine it or lease it to a prospective miner
I think land as an investment can also make sense if it's your place of business, your farm, your guest house, your business premises, it must be a functional piece of land that is the basis of economic activity, otherwise it's just a utility for you to comfortably sleep, wash, poop and store stuff
I think residential land is way overvalued for what it provides, how are you taking x10 leverage on variable interest rate over 20+ years and still having 1-5% loss on repair cost, taxes, etc and generating no income to offset it and the CAGR doesn't either in real terms, its a shit deal
Lol i'm sure their user base has pamped since Alby went non-custodial so maybe some heavy traffic and they need to upgrade the server
Call me an eternal optimist, but I still think V4V will be part of the future internet, ad revenue models don't work for everyone and they're declining in returns for many smaller creators, blogging for ad revenue is basically dead
Paying creators directly is growing with memberships, subscriptions and donations becoming the norm, but fiat transactions you are inefficient and platforms eat into your margins
I think there's an obvious use case here
But I think this is one of those cases where being early and being wrong looks the same, lol!
Lol as someone who never used it it doesn't phase me, but its a good example of why you shouldn't be placing your livlihood on a platform, you just asking to get rugged
Very cool, could be a nice value add for co-working spaces and coffee shops being able to sell internet connection per hour in sats, could be a nice little sat flow stream
I agree, but OP is talking about least complex/effort you adding more variables now, personally I do a mix, my cardio comes from soccer and I do strength training inbetween, and none of that matters if you eat like shit
Lol depends on your goal if you just want to be lean just eat well and do cardio, if you want to be jacked you'll have to do a bunch of excercises to work on each muscle group
I think the two main selling points for stablecoins is getting a USD based account in any part of the world, it's a pretty killer app for most countries, just getting out of your local shitcoin is a blessing in itself
Stablecoins are cheaper to remit and do business, not that they are cheap in general, just cheaper than a PayPal or whatever service you're forced to use with tradFI. if your doing cross boarder trades or you work remote stables allow you to settle faster and give up less margin so you can charge cheaper prices locally
Then they also allow provide a global liquid market that you to settle at the same speed as Bitcoin which is great when you finally figure out that fiat isn't worth holding long term. instead of having to find your currency pair to swap into BTC you just get stables and you can buy Bitcoin from anyone in the world
I checked thor scan looks like theres around 500 BTC in their ecosystem, it looks like there would still be enough volume to print their shitcoin and bail themselves out but if the markets spooks, oef its tickets
But at 500 BTC size hardly a dent really so not much cheap sats, pity
That's also a good point, we can see that with elder millenials who put it all on getting a home in a big city, a portion of them choose to be dinks because A they're overleveraged and have very little savings and B they might feel they're too old now to start a family
I agree generally that obtaining a house can lead to more family creation, but not when you're leveraged to the tits to do so, if you don't have much dispossible income after covering your home, you're less likley to pop one out
As for the quality of home that also comes into play, if you're in a tiny ass flat you might also be less inclined
As far as I understand it you would have generated a BIP85 set of keys for your Greenlight node, if you still have those 12 words, you should be able to regain access, but I have not personally tried this using Green yet so I speak under correction
Try enabling exerimental features again on the app
Then adding the LN wallet and use the seed phrase the wallet created for you previously and see if you can restore it
Lol DOJ dumping coins and Trump donating to the miners to get AI generated jpegs stuffed into blocks, ey 2025 is off to a good start
Lol not really universal and often not a basic but an income none the less. It's definitely a resource distribution mechanism
Does this person provide a good or service the market needs or wants? No
Does the customer purchase from the government because it has a choice? In some instances no
Does the service provider have a profit motive tied to their performance? No
I see it as welfare with a few extra hoops
Oh no! People who are prudent, acted responsibility, saved the wealth they earned get rewarded for their decision, we can't be having that now can we?
Rather give it to those who can get access to preferential credit and are willing to leverage themselves to the tits
Lol that the funds fall to a 3Arrows Capital type situation, even if they take a 10% loss on their stack, how does that reflect in their stock price when they announce hey we lost 730 BTC
I first started stacking for the fiat gains, then I started stacking because there wasn't anything else to do with my left over income, then I started stacking to get out of fiat completely
I now consider myself an artisanal stacker, someone who meticulously crafts his UTXO set, someone who consolidates old coins, someone who loves a nice even number of sats lol, god I need a new hobby