Help me orange-pill my HOA \ stacker news ~bitcoin

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450 sats \ 20 comments \ @libertas 25 Nov bitcoin

Typically, I'm not fond of HOAs. I'm in one, there's no getting around that, and a vast majority of the people here want to be in an HOA - that's their right, so I'm going to try to help myself (while I'm here) and the other citizens avoid any future raises in assessment since inflation is running rampant. We recently had our monthly HOA fees raise from $85/month to $110/month.

The Board members may be willing to let me do a Zoom meeting to explain why I think we should put 5% of our treasury into Bitcoin and if that is approved: why we should also let residents pay in Bitcoin, possibly with a discount (I'll be shilling Strike to help with this). In my initial email, I gave them some reasons as to why, just enough to sew curiosity.

Often, in one-on-one situations with someone who is Bitcoin-curious, I have a pretty high orange-pill rate. This Board is mostly boomers, so my strategy may need to be slightly different.

Have you orange-pilled someone, especially a company? What were the best strategies or resources that you used in doing so?

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14 sats \ 2 replies \ @grayruby 25 Nov

What do they currently do with the treasury?

40 sats \ 1 reply \ @Enemy_of_the_state 25 Nov

Normally it sits in a money market, and that or cash equivalent is probably required by the bylaws

20 sats \ 0 replies \ @libertas OP 26 Nov

I'll have to double-check, but yeah it might be in a MM.

13 sats \ 0 replies \ @Ginepro_Co 25 Nov

You should bring @thecommoner into the conversation as he has a similar situation. Especially on having tenants paying in btc

10 sats \ 4 replies \ @k00b 25 Nov

For boomers, I'd find a good Saylor video and share that. They'll be more successful at projecting themselves onto Saylor, a fellow boomer, than someone younger. Saylor also credibly sells the financial upside of bitcoin better than anyone.

Bitcoin has enough history that rational, thinking people should get it, but I fear most normal people still mistake our advocacy as an attempt to sell them on a ponzi we benefit from. IME it takes at least one full cycle of someone watching you bitcoin and weathering a bear market to appreciate that you aren't trying to scam them and see that your conviction is real.

21 sats \ 0 replies \ @zapsammy 25 Nov

Saylor's presentations at BTC Prague 2023 and 2034 are pretty good, simple, nothing complicated, good vibes. the boomers can watch these on their own:

2023: https://youtu.be/8Mhu6dxj7qk 2024: https://youtu.be/1PkMFIa7rmQ

11 sats \ 0 replies \ @libertas OP 26 Nov

Saylor is definitely going to be part of my education resources for them.

0 sats \ 1 reply \ @Msd0457890 25 Nov

I totally agree with that, Saylor is an excellent reference and representative of Bitcoin.

0 sats \ 0 replies \ @k00b 25 Nov

Oh I don't think he's an excellent reference or representative. I said he's a great salesman of the financial aspect of bitcoin.

0 sats \ 3 replies \ @Enemy_of_the_state 25 Nov

First I would meet with the Treasurer and come up with a plan. Do you have a separate amount of dues set aside for capital expenditures (long term stuff like remodeling and paving) vs normal operating expenses? The capex is where you want to save in bitcoin, maybe 50%. 90% of the annual budget is going out as fast as it comes in, so slave money is fine for that.

You ideally need to orange pill the treasurer and the board of directors, then take it to the community.

0 sats \ 2 replies \ @libertas OP 26 Nov

Caveat: I'm on the board and am good friends with the treasurer. After sending a proposal to the other members, she is the one that suggested I do an unofficial zoom meeting with the rest of the board.

0 sats \ 1 reply \ @Enemy_of_the_state 26 Nov

Nice…I want to do exactly what you are doing. In person with a whiteboard might be better!

0 sats \ 0 replies \ @libertas OP 26 Nov

That's typically part of my strategy so I'll probably pre-draw & pre-write what I normally do

0 sats \ 1 reply \ @ek 25 Nov

why I think we should put 5% of our treasury into Bitcoin

I would start with trying to get 1% or even less approved.

0 sats \ 0 replies \ @libertas OP 26 Nov

We have a decent savings, but yes, if they won't go for 5%, I'll suggest less.

0 sats \ 0 replies \ @justin_shocknet 25 Nov

Wrong mindset, stack with the intent of buying 51% of the houses in the association then demolish them and return them to cattle pasture.

0 sats \ 0 replies \ @itsrealfake 25 Nov

there's no getting around that

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0 sats \ 1 reply \ @Bitcoiner1 25 Nov

What is a HOA?

0 sats \ 0 replies \ @libertas OP 26 Nov

Homeowner's Association

0 sats \ 0 replies \ @Msd0457890 25 Nov

I think it's great that they invest some of their treasure in Bitcoin, but why 5%? I think that's very little, knowing the revaluation capacity that Bitcoin has.