I'm not suggesting that what I'm about to say should be done now. It may be too late. But, I played the fiat debt game. I wanted my little piece when the faucet was flowing. The real crime is that kids in my generation were taught to save your money in the bank. Stay away from debt. Meanwhile, the big boys borrowed as much as possible and now own the assets that appreciated during the Ponzi scheme. The savers are eating cat food in their retirement. OPM- buying assets with other people's money.

If debt makes you feel enslaved, you're doing debt wrong.

Poors use debt to buy consumables. Elites use debt to buy assets. Debt will also exist under a hard money standard.

Debt has liberated me, personally. If I had no debt, I would still be renting a roof over my head. Since I "own" my dwelling, I am free to make upgrades (like an ASIC mining central heating system that saves me money)

If I had no debt, I would still be living paycheck to paycheck, killing myself and wasting time working a dead-end office job. Instead, I used debt to make a large inventory purchase and kickstart my business.

Debt is a powerful tool for liberation OR it can be the gateway to enslavement. But the outcome has less to do with debt itself and more with how individuals choose to engage with debt.

Slow day at the fiat mines. I'm listening to this now, thanks.

Stephan, where should I start... you asked in the end of the show that you want to hear others opinions about this amazing talk with @jimmysong. Sorry if is too long answer.

I will start with this, how I see Bitcoin: Bitcoin is ENERGY stored in the most secured and brilliant way.

What people do every day, every minute? People are always in a continuous run for gathering energy, in many different forms: to eat, to store, to trade, to use it as money, to use it as savings. People depend 100% of energy. People are spending also large amounts of resources just for STORING energy.

And then Bitcoin comes and fix all of these problems: Bitcoin is pure storage for energy, secured by mathematical algorithms, something that will be eternal. If you own Bitcoin YOU OWN ENERGY FOR THE REST OF YOUR LIFE.

Now comes the debt...

So what “smart guys” are doing now? EXACTLY what banksters did in the 17th century: offering to those gold owners, a place to deposit their valuable gold coins, into a bank vault, in exchange for a piece of paper, an IOU of x amount of gold. Now they are offering digital platforms for Bitcoin owners, to lend their BTC for a % of interest. But nobody ask: “from where is coming this %of BTC interest, if will not be created more BTC?”. They even push the idea of so called "stablecoins". Another fucking trap that only want to sustain the insane world of fiat debt slavery.

Even Michael Saylor say it very clear: he will buy all bitcoins available, will HODL them and later will lend them as collateral to all poor guys that today do not want Bitcoin. In plain sight you have the banksters and billionaires plan: to enslave you again in debt. If you still do not understand that, means that humanity deserve to be forever enslaved by few…

Also another aspect is that these platforms usually end up in scams/hacks/lost funds. Owners greed is so powerful that in the end will make them run with all the money. Happened many times in the past, it will happen again. Why? Because people are dumb and trust these platforms and give them their BTC. Simple as NOT YOUR KEYS = NOT YOUR BITCOINS.

Satoshi created Bitcoin EXACTLY to avoid all these practices and make people think and start SAVING MONEY for later, instead of borrowing more than they can afford. Many will say that this is against advancing in technology and building more new stuff. But I am coming and ask: what are you need for your daily life, basics, to live a simple and healthy life? The answer is simple: energy, food, shelter. So why are we not concentrated into that only?

Why do we need 2-3 cars/ family, why do we need 2-3 houses /family, why do we need 2-3 phones/individual, why do we need to buy stuff and food that we really don’t need it and so on…? We are living in a world full of unnecessary stuff, just for the sake of consumerism.

Bitcoin is changing the mentality of consumerism into mentality of savings. Save today for having tomorrow enough to buy the stuff you really need it. Don’t stretch you legs more than the duvet.

Bitcoin WILL PUMP FOREVER in value! No need for anything else than just HODL and use it when you need it most. More you HODL = more value will have in the future. Do not sell your BTC to billionaires! Is the only way to keep them away!

If you want to risk your money (and is a huge risk in this) for just few % of fake interest (based on fractional reserve), is up to you, but at least I did what I can and warned you about this.

To sustain this aspect, please watch these two amazing videos (one is a Spanish movie about a guy that won the lottery and one is an animated documentary about debt). Both documentaries are a must watch.

Concursante – Spanish movie (EN subs), with a guy that won the lottery but he entered into total debt, just because of the evil system.

The American Dream – animated documetary about how the american dream is actually a debt nightmare.

When I see @jimmysong mentioned, I always hit the button to watch/listen/read. He always drop some wise words and you have to listen carefully his words. Thank you for this Stephan !

🤘 looking forward to listening to this one