10 sats \ 1 reply \ @pillar 4 Apr \ on: My Speculative Fiat Attack Fantasy is Over! bitcoin
I'm glad you've found gnucash and it's helping you see through your finances clearly, but I fail to see what's the issue with the speculative attack. Would love it if you could guide us through that.
If you can't afford another computer, I would say a hot, passphrase protected wallet in your laptop should provide a reasonable amount of safety for the size of your stack.
If we are going for biological metaphors, rather than a meta-organism, I would describe your observation as Tyson engaging in a symbiotic relationship with the environment.
There are many cases in nature of beings that survive only due to peculiar relationship with other beings in their environments. Odd relationships, many times mutually beneficial. Other times, the benefit only goes one way, but the free-loaders will typically aid the environment at large by containing the development of their victims.
Great attention to detail.
All stats were ran on Feb 20. With the current volatility, they get outdated fast.
Shorting is always there, with or without the tax advantaged account regulation you present.
The truth is that the fiat game is won by getting the best debt you can find at the largest amount your cashflow allows. Then buy assets with it.
Ecash custodians are better than regular custodians.
You are missing the point. No decent ecash developer in the bitcoin scene is stating that ecash is non-custodial.
I saw this back in the day and thought: Ain't nobody got time for that.
After fighting for 10 hours with a broken Wireguard topology, only to realise that the issue was a shit rule in
iptables
, I've finally seen the light. Now I want to learn the shit out of iptables
.Thanks for planting this seed in my brain.
Cast iron pans and good quality knives.
Well, generally any piece of high quality kitchen ware that will outlast me.
Can you share more? So far, I have been very unsuccessful. Either, they weren't interested in the tech only in the price; I didn't feel comfortable mentioning it in the store so I just used email or there was a language barrier. Curious how other approach this. I would love to spend and replace my sats more often.
I don't do hard proselytism. If a merchant has zero interest, I don't push even the slightest bit. I don't think it's productive at all. What I actually do is bringing up awful bank fees, excessive taxes, how important cash is for them to survive, etc. Kind of just paving the foundations on how banks and government are a terrible thing for their business. With that, I hope that one day I can slide in the bitcoin thing elegantly.
With merchants that do have an interest, I help them out with setting up wallets, organizing charge info, how to go back to fiat if needed, etc. The usual thing. I focus on providing very simple solutions at first, because if the first thing you bring on the table when they want to onboard is 20 hours of hard learning, it's just not going to happen.
I should also note this works with small and family businesses where you can chat directly with owners. Any business where you only interact with employees and/or the ownership is far away from the trenches are a no-no.
Also very good to hear! Did you simply exercise more or/and eat more healthy? What did motivate you?
Both. I've been seduced by the whole carnivore topic. I have not gone full carnivore, but I am favoring meat more and more. You can catch me having steak for breakfast here and there. I've also been staying away from anything that's not fresh and normal food (normal as in, it's actual food, not industrial garbage). I would sum it up like this: I mostly eat stuff that both existed a 100 years ago and will go bad if you leave it on the counter for 2 weeks. There are some exceptions, but most of my diet fits that.
And I've been very consistent with exercise. I've noticed how exercise is a long-term thing: after the initial couch potato to I'm gonna do something phase, gains slow down. But they still happen. You simply need to show up regularly, even if you don't push yourself a lot. As counterintuitive as it is, the key for my success in exercise has been to take it easy (but always show up). I don't think there's been a single week in the past couple of years where I've done zero exercise.
As for motivation: I've been both very unhealthy and very healthy, and the difference is hard to describe with words. I'm not going back, not even if a truck runs me over. Being in good condition is addictive.
Is it too early to ask what you have in mind? :)
Oh let's wait a bit. I would rather discuss that when I'm in a position to make it happen. I don't want to torture myself with day dreaming.
Glad you are enjoying it.
I hate those never-borrow-under-any-circumstance posts. As you could read in my first episode, it's one of the reasons I decided to document this whole thing publicly.
It isn't.
The simplest explanation I can think of is that an ecash mint is pretty much Wallet of Satoshi, with the difference that the mint doesn't know that you exist and can't keep your transaction history.
Add fedimint's federated approach and then it's WoS with privacy + it's several people holding the keys and having to coordinate to rug pull you.
It's a custodial design. The risk of rug pull is still there. But it's still much better than the custodial services we have today because it provides a tremendous improvement on privacy (plus other little details I won't go into here because it requires a long and boring explanation).
Probably because the countries that have gone Fiat already have an incentive to make the others join.
If the almighty US Government decides to go Fiat, it doesn't want some other little country to stay in the gold standard. Because their currency provides an easy way for US citizens to escape debasement, and makes it obvious that debasement is happening.
And so, you get something like Bretton Woods.