Hey Freaks!
Hustle recently stumbled upon an article titled "Top Ten Ways to Stack More Bitcoin." Of course, Hustle clicked on the article... but after skimming through, he didn't see anything he hadn't already come across before. He sat back in his chair and pondered an interesting thought:
Our Primary Focus Shouldn't Be on Accumulation
If you think you need 3 BTC to retire and have obtained it, how much of your corn would you give to Coinbase for yield? Hustle remembers running a lightning node to get "routing yield." He attended a bitcoin meetup and saw the irrational exuberance of new stackers, the eager and crazed eyes of someone who has recently discovered the fountain of eternal youth.
A Key Realization
Everyone reading this already has an immense advantage in accumulating life-changing wealth before the rest of the world figures this stuff out. And in a deflationary world, the deflation is the yield.
A Shift in Focus
I'm thinking it would be more constructive to focus on...
1. Properly Secure Your Stack
Don't trust third-party custodians like JP Morgan with your Bitcoin. Take control of your assets and secure them properly.
2. Bitcoin Usability
Ensure you can easily spend and use your Bitcoin without relying on intermediaries. Improve your Lightning setup and explore alternative payment methods.
3. V4V
Engage with like-minded individuals and support online V4V community through platforms like SN and Nostr, where you can earn thousands of sats while learning and contributing to the constructive conversation.
4. Meatspace Communities
Connect with local Bitcoin enthusiasts and explore Bitcoin-friendly jurisdictions. This will help you stay sane and build strong relationships with others who share your ethics and morals.
5. Switching Your Unit of Account
Abandon fiat currency units and adopt Bitcoin as your standard unit of account. This will help you make clearer economic decisions and avoid the pitfalls of inflationary yield ridden thinking.
6. Finding Work that Pays in Bitcoin
Seek out opportunities that pay in Bitcoin or explore alternative income streams that are denominated in sats. This will help you build wealth more efficiently and avoid the risks of being associated with fiat currency.
7. Preparing Your Uncle Jim Setup
Be ready to assist and onboard the laggards, they wont know whats happening to the world around them or where to turn, you'll have sub accounts, spending and saving wallets ready for them.
8. Curating an Environment that is in Total Contrast to Fiat
Create a community or environment that rejects the values and morals of fiat culture. Focus on building and growing in a new thriving ecosystem while disregarding the system that is doomed to fail (to the best of your ability).
9. Health
Prioritize your mental health. Be ready to properly Sheppard your generational wealth. Face melting god candles have a way of shaking up your resolve or distracting you from your mission. (whatever you mission may be).
10. Node Running and Solo Mining
Contribute to the decentralization of the Bitcoin network by running a node and using open source mining solutions like the Bitaxe. ** We run the Network** Bitcoin dies if we don't.
Conclusion
Prepare for a future where Bitcoin is widely acknowledged as the global world reserve currency. Prioritize your preparedness, security, health, and community involvement. Run bitcoin like Hal Finney and don't give your bitcoin to JP (Freaking) Morgan for 5% yield.