reply on: My Speculative Fiat Attack Fantasy is Over! \ stacker news ~bitcoin

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75 sats \ 7 replies \ @OgFOMK OP 4 Apr \ parent \ on: My Speculative Fiat Attack Fantasy is Over! bitcoin

I'm humbly listening.

I'm no expert. Everyone my age thinks they're an investing genius, because the government has been artificially inflating the assets we own for 50 years.

85 sats \ 0 replies \ @cyberpunk02 6 Apr

LOL ..the truth so funny! the humbling feels

85 sats \ 3 replies \ @elvismercury 5 Apr

It's humbling to get older and realize how many of the ways that you think were you being a virtuous genius are kind of like that -- hitching your coattails on something you didn't control, getting benefit from it, then looking around contemptuously at all the idiots who didn't fall into the same good fortune.

There's definitely a place for really owning your mistakes and your successes. But the more common mistake by far, in my experience, is to misattribute them.

110 sats \ 1 reply \ @siggy47 5 Apr freebie

It took me a while to learn this, both blaming and patting myself on the back. I have retired friends now who blame themselves that they didn't prepare well financially, though their hard earned assets have been slowly stolen from them.

75 sats \ 0 replies \ @OgFOMK OP 5 Apr

This makes me think of the old, wise master who said, "Stay humble, stack sats."

But really in Sanskrit the phrase is/was "Sat Chit Ananda." Which is "Truth, Awareness, Bliss."

27 sats \ 0 replies \ @OgFOMK OP 5 Apr

Well said!

75 sats \ 0 replies \ @OgFOMK OP 4 Apr

I think it goes back much further. Robert Breedlove's piece on "Masters And Slaves of Money" is a good exercise on understanding debt and money supply.

For me the key is that keeping score is still necessary because I've assigned my signature to that and thus I'm going to work it out one way or the other, unless there is a jubilee.

The lending and dumping of cheap money is also as much my responsibility by demand or accepting it.