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33 sats \ 1 reply \ @TheBTCManual 13h \ on: Why UK Homeowners Are Delusional About Property Values (FT, Hugo Cox) econ
I've never met someone who was pro-real estate as an investment factor in the carrying costs of the property it's all just real estate always goes up, its pure profit, whoever sold these people on the idea did a bang up job!
Offering people leverage and poor arithmetic skills, cutting interest rates for 40 years and nominal gains is one hell of a combination that's cooked generations!
I know so many millenials (my age cohort) that did what mum and dad said and are leveraged to the tits making payments with jack shit equity built up, it's wild!
A server that issues tokens backed you can send and recieve to other ecash mints or burn to redeem the underlying bitcoin
Google 1 AI company is pushing out quadrillians of tokens and no one bats an eye at the energy consumption backing it
Bitcoin hash rate goes up, no you boiling the oceans, stop it!
When you start wit
Zero to One: Notes on Startups
but end with
Zero to 666: Notes on the end of times
Rekucation is part of the journey for some, for me it was leaving funds on an exchange and got hacked, hopefully you learn from it and act accordingly! good luck rebuilding your stack
I would say running your own node is like asking people to run their own email server, but holding your own keys is more like holding your own ID which everyone with a bank account would do! You don't leave your ID with the bank! You hold it and use it as proof of ownership
I've been in this game long enough to know analogies don't matter, incentives do and don't hold your keys and get rugged, don't get into bitcoin and get slow rugged, not my problem!
Someone's going to have to make the mistakes that will lead to them exchanging their goods and services for any amount of bitcoin in the future, it just isn't going to be me
It doesn't happen often so I tend to remember it, recently asked a chatbot how do I capture URL parameters in an internal search query and then push the selections as custom variables into a search report for a hotel so I could give them all searches in a clean report based on their rooms, amount of guests, date range, etc and it was able to spit out a solid solution that worked first time of asking.
Was pretty stoked
can't wait to see how the physical gold custody bros want to shave off their gains to spend when i can just ping sats around
If Bitcoin reaches the same market cap as gold $1.3 million a coin! Plenty of upside to go