Thank you - I will remember that as well for next time (I am fashionably late to the party) :)

I found this to be a really well written newsletter - from a systems/network perspective Lyn is spot on....

The question no-one can answer is what value will be added to the network before it is lost in FIAT land

I even searched and came up with nothing....note to self-search multiple terms vs taking the results of the first one and running with it :)

Thanks -

Again only at 44:50 through it here....but I could have probably skipped much of what I have listened to (struck me as lots of talk about price and inflation)...though it is kind of fun listening to Jack set try and wrangle the other cats :)

I feel I am to far in to not listen to the rest but - sheesh.... I hope the rest isn't all about inflation this, inflation that....and I bought in way back when and sold again....

Space - no doubt about it....

LOL - realize I am late to the game here....but this one just popped into my head reading through your question....

While it could certainly snowball into something way deeper and "difficult" I think it has some real possibilities.... (and to give credit where it is due - Jeff Booth recently said something about this topic on a podcast)

How do you define the difference between hot and cold?

or something like that....for some reason when Jeff said it, it struck me as an impossible task when you really dig into it?

To set the stage - I have 2 boys that are 14 months apart in age with the oldest being less than half the age of an adult....

I would have to say I find simply the act of being with them and giving them 100% of my mind/attention/focus is probably the most pleasurable time for me....just getting to sit, watch and occasionaly interject a thought or idea....makes me tear up just thinking about it and makes me yearn for as much as I possibly can.

(It also makes me angry at the systems we have in place, built upon FIAT, that put pressure on myself, my partner, and all parents to have to literally work themselves into oblivion and that helps ensure "their" education gets ingrained in their little heads)...but alas....I digress....Fucking fucked up FIAT State bullshit....

I just feel such a deep connection to them right now and find so much enjoyment in watching them learn from each other and from the environment around them...it really is the little things that matter most....they have too many distractions in their young lives already and at those times that we are flowing through this life in proximity to each other - it just really is such a peaceful and happy place :) it is even more pleasurable when I am able to observe them using those super-computers inside their heads to figure out solutions to problems they encounter (I think it gives me a sense of peace knowing that they can think critically and solve problems themselves).

Anyway - I could probably point to numerous other pleasurable moments....but for everyone of those, there are the difficult times as well :)

Thanks for posting the question and givng me the opportunity to share.

This is the way...

I'll be your huckleberry....

I tend to agree based on the content I watched through today...found myself fast forwarding through a whole lot of sales pitches and while I am sure they were fabulous products - not what I want to view.

Hope the edited snippets are better....

I realize I am a little late to this party here but I am going to chime in anyway as this is also my area of operations....

I understand and agree with the creating of FIAT inflation when signing for the loan not necassarily being a net positive for Bitcoin...however, I think the other side of this trade is a net positive for Bitcoin - here me out....

I am looking at this from the lense of a Bitcoiner (I think) and as such here is how I play this out in my head.... these numbers are estimates but close enough....

At the end of the 10 year term - my building might be worth $27Million at a 5% compound annual growth rate (cagr).... the Bitcoin....based on 29% cagr would be valued around $20Million - now in my little head I don't think it is likely that real estate will continue seeing 5.5% cagr's for the next 10 years - and the value of the Bitcoin will likely equal if not exceed the value of the building as the real estate market realizes its store of value is extremely riskier and more expensive to own than Bitcoin....

In this scenario (again in my head) the value of the building becomes its Bitcoin value in 10years....In this scenarion the owner still likely loses a significant portion of their FIAT (imagine and inflated) wealth to either higher inflation or falling values due to recession and shrinking of the economy but maintains a portion of their wealth in Bitcoin terms (I say a portion because if you watched the UnChained interview Marty Bent did with Andrew Hohns he mentioned that they (the lender) and the borrower share in the appreciated value of the Bitcoin after the end of the 10 year term with 80/20 split....

Yea- that's the part that blew my mind too (due to my 50/50 split with my resident paying in bitcoin?) if you remember that? I thought it was awesome that someone else is catching on to that plan....I haven't seen the agreement but I imagine it is a variable split % based on the length of the borrow holding the loan? but I digress....

Back to the original scenario....

It seems to me that this type of product in the lending market is going to accelerate the "defiatization" of real estate and grow the Bitcoin network - I called this the popping of the real estate balloon - moment. I think this loan product becomes the only way FIAT maxis loan there FIAT in the near term and this helps give the world a more slow, orderly switch to Bitcoin....

These are just my thoughts - and I probably didn't do them justice but am curious for others thoughts

Well said....

The Bitcoin system can be (when used well) a completely seperate system from that of FIAT. When we realize this and utilize this, it truly is how to win!

Unless you can participate in sharing any future price appreciation of that Bitcoin....then we win even harder potentially!

I agree that getting a discount for spending Bitcoin is better than nothing... Of course I would argue that being able to obtain a % split of any appreciation in FIAT value of your spent sats is a better model...Just saying.

Its going well for both my tenant and myself :)

Saving all the sats I can and currently removing the FIAT value of the building and replacing it with the Bitcoin value....which as we all know keeps getting better and better!

The one resident I have has now saved over $1800.00 in USD terms and is about to recognize another $300ish USD tomorrow!

I keep trying to figure out how I am going to get recked and for the life of me....I just can't figure it out... Which makes me wonder why the entire world isn't working this model???

It is so, so easy to fall back into the FIAT systems....especially when I can't build all the Bitcoin systems at the same time myself :)

Man - I am having some really existential thoughts about this one...

I mean even the definition of Late depends upon the system from which you are measuring? Every instant you are alive...you are late for your own funeral? From the perspective of the dead....if there is such a thing?

I think the reason so many humans fall into this trap of thinking they are late to something is due simply to how we have measured everything in our lives up to 1/3/09. Until Bitcoin's release into cyberspace measuring anything over long periods of time was subject to the system being used to measure it...think about how long it took to agree upon standard units of measure...height based upon "hands"...

We now have the ability to not just set something in stone, but set it in the blockchain... That information being recorded is immutable and eternal. (Period)

We have never - in the history of man - been able to record something and know that it will be there forever for all who come after us to see and learn from.

Late...sheesh... Imagine thinking you are late to learning how to read/write because the printing press was invented 600ish years ago so...no one is going to write a book anymore? Well we all know that isn't true...

Anyway - not sure where I was going with that other than to say - I agree with you - we are not late - we have just made the first atomic stratch in the infinitely large blochchain of the future and none of us have even the slightest idea of what that future will look like beyond that which we are building towards now.

And for what it's worth....

My family motto is:

If you want something done right....do it a second time!

Just remember that the path which you walk is your own and while yours will cross those of others....you do not have to follow them.