true.

We both irrelevant and dangerous.

@remindme in 14 hours

Seems like a cool way to learn about your body more objectively and quantifiably

I'll think it over. (Plus, spending next week with uni friend, total investment-banker tradfi bro; if there's an error he'll shoot it down... so I'll report back!)

I believe the French did, no?

Gotta check my history here, but... didn't they?

I am one step removed in that it's not a government pension scheme, but (ostensibly) private, and consisting of real assets rather than fake claims on future gov payouts. I have that going for me

Def not — nobody overcomes arbitrage and lives to tell the tale! — and not what I'm claiming.

I believe what I'm doing is financing Saylor in the mid-term — the one I struggle with — so that he carries the bitcoin risk and I get cash flow. Ie he's insuring me against the displeasure of BTC vol in the short to medium term... And in the long run he pays me back with shares he prints for free that wall street (fingers crossed??) price at par with bitcoin.

I can get shafted if Strategy falls apart, or if mNAV increases such as the shares I get back when converted eventually constitute less bitcoin than right now.

Anyway, I'm just guessing over here. Spitting out ideas

yeah, that's the major tail risk. And I'm fairly confident that if/when shit hits the fan, my mafiosos will just tax or outright steal the sums currently custodied with a fund. (see Australia, already trying to tax out large Superannuation accounts.)

I wonder if that risk is rivalled/mitigated by other fiat ways of holding assets -- i.e., property or stocks or bank accounts?

OK, here's something.

MSTR has derivative value off bitcoin -- not always symmetrical or in tandem, but broadly speaking MSTR's value stems from the bitcoin it holds.

STRK (the 8% dividend +convertible instrument) pays me 2% every quarter, while in the limit it is (=becomes) bitcoin. Given that Strategy mNAV doesn't blow out (to 2-3-4x), it'd only be a matter of time until whatever sum I hold in STRK turn into MSTR (...which, remember, is bitcoin)... but I'm paid every quarter for doing this.

Maybe there's some major flaw in this reasoning but it does seem to dampen my swings while not returning to tradfi/banks and staying mostly bitcoin.

Makes sense?

@remindme in 3 weeks

my goood that's brutal

iiiinteresting, interesting.

Good place to advertise it; we're all sats suckers here.

edit: I guess minimum a million sats is a little much for just casually helping out. Will keep in mind, though, when it's useful

Thanks for telling us! :)

Yeah I definitely haaated that as a teenager.

Nope; that's the thing with these sorts of thought experiments. They're coming from a person already having lived through said experiences and seen things happen... For the rebellious teenager receiving the message, it might not compute

That's a good point... The regret and fomo is a pool of infinite size; no matter the stack we assemble, no matter how much we sac, we'll beat ourselves up over not stacking more.

I guess that's the true insight of that Hodl segment

Hahaha parasite!

Mag 7 it is, then.

Also, I'm deeeef not pitching anything. If that's the impression, then you misread me

Bearish. SimpleStacker is into shitcoins!

I wonder if it's something about the lock-up, a corporate security/financial instrument that signals savings over potential consumption.

I'll think more about it

Guess that's an option. No yield, locking in loss...?

ooooh awesome.

LOVE shit like this for when I have the product: walk me through them, step-by-goddamn-step. Explain it to me like I'm 5... "press this button, click that shit here"

GREAT!