21 sats \ 0 replies \ @thecommoner 13h \ parent \ on: SCOTUS Overturns 'Chevron Deference' In Massive Blow To 'Administrative State' news
I can't believe we are only 9863 blocks into this epoch and it is already EPIC!
My initial reaction is that this is likely to have broad ranging impacts on entire swaths of societal systems... working in housing and with HUD at that...this is likely to impact their "administrative" interpretations of laws and how they are to be acted on....Hold on to your hats boys and girls....things are about to get wild!
This sounds intriguing...are you talking about paying a "bond" as in a "security deposit" type of thing? What happens if the price of the Bitcoin being held falls below the agreed upon FIAT value? Do they then have to pay in more?
Hi frostdragon - I am fairly new here, and don't spend a lot of time here, but that may change... I just wanted to say that I like this post and find some of your thoughts resonating with me...and I often find myself thinking back to the concept of the Uncarved Block which I first came across when I was supposed to read and write something about the book "The Tao of Pooh." Well I didn't write anything about it but I did read and have often felt this concept of simply being what one is, natural and whole, is really quite a difficult state of mind to grasp let alone to project - and yet it has always struck me as a worthwhile state of being to be in as much as possible....
Your comments on slowing down, developing moves, finding meaning in the dark parts of the journey....these feel like closely related flows...
Anyway - just thought I would say HI and thank you for your post - it helped me remember the littlest things often have large effects that we never notice.
Maybe try offering them a % share of any price appreciation for a couple months....its a bit of extra paperwork to track it...but you could either return BTC to them or give them a rent credit for the amount?
Absolutely - Rome was built in a year right?
I for one am hoping for a slow, methodical and orderly transition to Bitcoin....if it were to happen too fast than we would likely have much bigger problems....as it is Bitcoin is being utilized and safe guarded by too few of us. We need to accelerate the masses that will buy the 100-200-300K sats and then but as time goes on there is simply fewer and fewer sats available.
Sorry that wasn't more clear....
Businesses that spend more value than they create - is how things work under FIAT more often than not....
Businesses that create the most value - will be the Bitcoin businesses that are most successful.
There will certainly be Bitcoin businesses that fail and there will be FIAT businesses that hang in till the bitter, bitter end.... Hope that clarifies it a bit :)
I think that this chart is a good one except for that highlighted Cash Flows section stating Bitcoin no.... It just seems to me that Bitcoin is a system of value communication that is completely opposite to the FIAT system.... Under FIAT you have inflation to the monetary supply making the which lessons the purchasing power of the future supply and On a Bitcoin System you have an ever increasing amount of purchasing power due to its scarce supply. In turn the entrepreneurs' that build business that excrete value the most will be the most successful in the long term (as they will be the business providing the most utility/value to their customers - of which they are looking for the best value for their Bitcoin)?? If the customer/consumer you are looking to attract is looking for the best value? Businesses that are able to lower their prices in BTC terms over term are going to be the successful businesses....not businesses that constantly need to refinance themselves in FIAT terms to keep up with inflation or businesses that are owned by people who spend more than they create? Those businesses will always be chasing the customer and offering discounts for paying in Bitcoin....vs....simply building a business that is creating more value than it is taking?
I guess now that I walk through all that - maybe the chart is right....its just that instead of looking at "no cash flow" as a negative on Bitcoin it is actually a positive and the negative here is the FIAT system with positive cash flow?
I am not sure that this concept comes through in Leon's article...I am not sure if I even articulated it correctly? It certainly makes some sense to me though - businesses need to incentivize their customers to participate in the Bitcoin economy and the only way to do that is to provide maximum value to them...???
Leon Wankum certainly has some good points and his articles sound a lot like some of the posts I have made here.... He is definitely on a Bitcoin track.... I think he makes some really great points about how Bitcoin is going to extract the Store of Value currently in the Real Estate market and how it can be done using the cash flows of the business....
I think the key for me at least is not being over leveraged....My time horizon has always been long, I like slow and steady growth...
I can't make specific recommendations for your LL but if he utilizes any of the money coming from his property for savings - he could consider accepting at least that much in BTC opposed to FIAT...err...at least that's how I handle it. I manage the FIAT cash flow I need to pay my FIAT bills and the rest I can accept in Bitcoin. If more of my residents want to participate by paying in Bitcoin I would simply adjust amount of BTC I accept from everyone to be fair about it... If all 4 of my residents wanted to participate in one building they could each pay about 60% of their rent in BTC and the rest in FIAT... I have a lawyer working on lease language now so I don't find myself in "fair housing" trouble!
I will share that language as well when I have it....should be before the end of the summer I hope.
I do like the idea storing the FIAT needed for taxes in the form of BTC - Its just hard not knowing exactly how Ol' uncle sam is going to treat the taxes on the sale of that as well as the volatility of BTC's value in FIAT terms right now makes it a little more uncertain when it comes to pay the extortion fees :)
Guess I have some math homework to work on :)
As for real estate investing becoming obsolete....I believe we will always need other people providing housing to others and as such there will always be a value to it... Given your profession, you understand as much as I, that there are people that simply do not know how to fix their toilet or leaky faucet.... Just as much as I couldn't fix a plane or space ship, but I like flying and would enjoy going on a space adventure someday...I would be willing to exchange "value" with someone that provides me with that opportunity.
Of course the value currently stored in real estate will be extracted over time as more people utilize Bitcoin to store their value....There will be an equilibrium developed over time but the initial transition is likely to be a bit chaotic...I tend to think there will be markets that will crash hard, markets that move slower, and probably some that don't budge much as they are in desirable areas or markets?
No matter what happens though - I know earlier bitcoiners will benefit more on a percentage basis but it will continue for a long time to come...
Absolutely agree with the need for Bitcoin Circular economies 100% -
I have some posts that resonate with this idea and creating a new incentive model that is perhaps better aligned with Bitcoin than FIAT... I find a large number of Bitcoiner's offering discounts in FIAT terms if people pay with Bitcoin....which is/was a great start...but as I sat and though about this, it always struck me as a very FIAT mindset - offering a discount to an inflated price of something.... I suggest we change this paradigm and instead offer Bitcoin users the opportunity to share in the appreciated value of their Bitcoin used for payment....
I believe this is a benefit for users that is much more in keeping with Bitcoin ethos...
When my tenants pay me rent in Bitcoin I give them 6 months (this time period could vary) after they paid to tell me when they would like to have returned to them upto 50% of any appreciated value of that paid bitcoin. There is no downside risk to them...if Bitcoin FIAT value goes down they don't owe anything additional - the option just runs out after 6 months.
I wish there was an app that allowed this to happen automatically cause right now they have to trust me to give them the credit and to have the BTC available...but I could see something like this driving adoption of BTC even quicker if it was easy...
I imagine almost every transaction you have with any business accepting Bitcoin you could have a negotiated time period and % share. It could be negotiated right on the app...right at the time of sale - quick and easy...some businesses could have their terms posted and not fluctuating and others could....larger payments could have the time frame extended and smaller transactions would have shorter time frames... you could buy your coffee and the business could offer 75% of the appreciated value for 24 or 12 hours.... or possibly 100% for 1 hour...or something (at that point it would be a marketing plan dictating the terms...it could be based on what the value of BTC is at the time, or whether the business needs FIAT to pay bills vs. BTC to save....it becomes a cash flow management plan at that point?
Again - back to your point - we (as bitcoiners) need to get out of the FIAT mindset and the FIAT Business model and quit focusing on the FIAT value of our Bitcoin and start operating like we only have Bitcoin.... a world operating on Simply Bitcoin (shameless plug to Nico and Opti) is a very different world indeed - the old FIAT business Model is broken and our Better Bitcoin one needs to be adopted - we need our incentives better aligned with Bitcoin!!!
You may be right in that Bitcoin might not be known....but I have found in my experience "where there is a will there is a way!"
It all starts with you....or the person you know that is running a business.... I would need a few more details on your specific situation to give you the best information I can...but again if this is something you are interested in the solution is likely built out there already... There are likely people willing to help make it happen for whoever wants it to happen? there are companies out there that are building products for access to the Bitcoin network in all sorts of unique ways... but again it all starts with that 1 person