Exactly. "Speculative attack" doesn't mean going into debt to buy a jet-ski while stacking a few dollars a week in BTC.

Bitcoin increase ~25% per year, over the past 10 years. How much debt and how little Bitcoin do you have, that your BTC wealth isn't outpacing your fiat debt?

Have you calculated the ROI? According to some online calculators, an S19 will earn about $11 USD a day, if running 100% and with zero electricity cost. I assume you're way less than that and that amount will get reduced every 2 weeks with the difficulty adjustment (also it will be cut in half in about a month).

How much are you spending on hardware for this setup?

Also, remember you can just buy Bitcoin now with the USD you're buying hardware with. In fact, the $125 you bought the S19 with back in November would be worth about $225 right now. I doubt you'll ever see $100 profit with this mining setup.

Yeah, @zuspotirko here's a thought experiment: suppose Bitcoin becomes the world's reserve currency and it triggers a gold age of economic growth. Within a few decades almost no one lives on less (the equivalent of) $35k a year. Very few live on $100k a year. Almost everyone has a standard of living way beyond that.

What would this graph look like? The "High Income" area would fill 90%+ of the area.

There are a lot of struggles with the middle class standard of living these days, but this graph doesn't show it right.

Wouldn't this website collapse without the lighting network which runs on Bitcoin?

Yep. Try being a libertarian pre-Bitcoin. "We'll get Ron Paul elected, he'll audit The Fed!"

There was very little hope for true freedom prior to Bitcoin.

100%. The Western world is on a fast track to collapse. Bitcoin is the saving grace. Fiat currency hyper inflation is inevitable for the entire West in the next two or three decades. Without Bitcoin, there is no "safe harbor" for economies to switch to and we'll be facing a significant economic collapse.

Enjoy the last years of freedom on Earth, before we're all forced to use WEF social credit coins and sent into COVID camps.

Seriously, if Bitcoin fails, the prospects for human liberty in the next few generations drops 99%.

If anything, the WEF-type people running the world would ban unprocessed beef and mandate ultra-processed foods like pop tarts and "bugs".

Bitcoin loans probably can't survive in a fully bitcoinitized world, but we're far from that. There's nothing inertly wrong with taking a levered position in Bitcoin's price going up.

I'm not saying YOLOing with FTX or some 20-to-1 options buying. But it's not an unreasonable bet to take a loan and delay selling BTC until the price is much higher.

How does Hodl Hodl compare to Unchained in terms of BTC allocation? At Unchained there is no rehypothecation and each loan's collateral is stored in on the blockchain in a 2-of-3 multisig (Unchained and their partners have 2 of those keys).

This news is a massive hit to bitcoiners who wanted to extract some cash value from their stack, while delaying selling.

Hypothetically, if an individual wanted to continue using Unchained loans, could they create an LLC and have that entity take out the loans on their behalf? I assume the LLC would have to pay the individual so the money could be spent personally (thus triggering an income tax requirement).

Could the individual fund the BTC loan directly? The LLC doesn't really own the BTC used to collateralize the loan. I assume when audited, the IRS is going to have all sorts of questions as to how a brand new LLC with no stated income was able to collateralize a $100,000+ loan.

Yep, Bitcoiners shouldn't be naive and get caught flat footed. But don't be a doomer and move to a cove in the mountains tomorrow.

It's interesting that there was a few months of "heads up" prior to the executive order. A hear a few libertarian Bitcoin types talk as if Bitcoin confiscation will happen over night, and if you're not already secure (coins off an exchange, living outside the US/Europe, coin mixed and difficult to trace, etc) then you're going to be in big trouble.

Keep alert to the narrative and news stories. I believe some sort of crackdown or discrimination against Bitcoin holders is in the future as fiat currencies collapse, but if you stay alert, you can weather the storm much better.

John Taylor Gatto (NYC Teacher of the Year in 1989, 1990, and 1991 and NY State Teacher of the Year in 1991) explains why schooling is horrible.

Gradually then suddenly

Don't forget the adjectives: woke, leftist, trendy, and consumerism.

Only a handful, and those aren't the friends I spend much time with these days.

Although I've been a hardcore bitcoiner since 2013, in recent years I've been pursuing other interests (raising my family). Bitcoin is not really a big part of my social life or daily life.

I agree with @zazon, What is the point of running a full node, if you're going to leak your xpubs in other wallet information to hosted services?

You might as well not even run the full node, and just use a SPV wallet like Electrum or Sparrow.

Have you ever had to rescan the blockchain for balances -- for example: adding a xpub to help a friend troubleshoot a wallet? How much longer would it take to rescan 1 year or more of transactions?