the guy is just a brainwashed statist slave, deep asleep in the matrix still. Let him pay his taxes and all the interest on his credit card and mortgage accounts until he starts to wake up a little bit.

Interesting to read your anecdote, bravo. I also, would do this again as soon as possible. Working on getting the credit report restored, which would allow me to repeat. It's literally free "money" (credit) if you can understand some law and how banking and UCC work. This ridiculous world of debt instruments and corporate statutes.... Bitcoin hyperization can't come any sooner, it will be good riddance of this trash matrix these clowns created

what does that have anything to do with this topic?

Sue me, dickhead.

the idea is not to "pay the debt". There is no lawful debt. One should study this fact more before doing this in order to understand. You don't have to maintain any debt (make payments on it). Send the "creditor" a conditional acceptance with affidavit demanding proof of a valid contract, lawful consideration, and an affidavit under penalty of perjury that they did not print the money out of nothing using your promissory note. They can't, because that's exactly what they do.

You keep the cash and stack bitcoin.

there's a big difference between him and me. He is making payments on his debt. I am not. Never paid a dime back, because nothing was lawfully lent in the first place. Banks scam you into thinking they lent you money and you owe them something. Reality is they monetized your promissory note as a security instrument and got the federal reserve notes created out of thin air for your account. It's your money that you brought into existence through your negotiable instrument, the note.

I talk about this in my post. You have to find a way to convert that credit to cash first. A portion of most credit limits can be immediately converted via cash advance, but that is usually 30% max.

The rest, I found one way that worked for me is to buy gold with the credit card from an online dealer. Then sell it back to them for ACH payment. You lose about 8-9% on the arbitrage. If anyone has better ideas for converting credit cards to cash I'm interested.

Once the cash is in your bank you can buy KYC or non-KYC, doesn't matter

you simply don't understand how the banking system works. If you did, you would see that you are the creditor in the situation and you are the creator of "money" through your signature on a promissory note, which creates a negotiable instrument as per UCC 3-104. Such instruments are equivalent to federal reserve notes, which are also debt obligations/promissory notes/contracts, not money.

"If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry."

Yeah man that post about using debt can be really valuable for you. The key is to never pay any "debt" to credit card or bank companies. Learn how to write/use affidavits and a Conditional Acceptance that asks the company to prove they did not create the money out of nothing using your promissory note.

I would do what I describe in that post in order to create a big stack of bitcoin from the "loans" to hold now. Then continue working, making the salon business, etc, even if earning little, but living on just what you earn even if it is really hard. You guys are so young. Save the bitcoin (don't spend it) as much as possible for many years. Your life will be drastically different the longer you hold it for you and your family.

Yeah it's tough to make that time and energy allocation - work vs learning. Personally, I found bitcoin to be way more important to learn about. If you're working, it is probably for money - it behooves you to study what that is (bitcoin) and I also found a lot of value in studying how the current system works (debt). I used what I learned about the debt system to get paid. See my post #216497

Either way, if most of your time is spent working, you should have little anxiety at all if you are all-in bitcoin. That changes everything. Just get to all-in. Then you can fucking work as much as you want because you're just in for the ride. If you aren't all-in then you are shorting bitcoin - I would be full of anxiety then. Desperately trying to liquidate my assets for bitcoin until I'm all in.

Then just hold baby. Work, continue to stack your savings, spend time with family. Continue learning more

not exactly. anyone with balls and good credit can increase the limits on the credit cards and simultaneously take out personal loans as big as they can and ape the fuck out of bitcoin with all of it, and simply never pay anything to the banks or credit card companies.

Your credit will go to shit, but you can continue to work/earn money and use debit cards for fiat payments from that point on while you hold your new huge stack of bitcoin. Your credit cards would be maxed out so moving forward it's cash, debit, or bitcoin if accepted.

And it's not immoral or stealing because the credit is created out of thin air from YOUR promissory note (you are the true creditor), the system is deceitful scam that people don't understand at all.

Most plebs could multiply the size of their stacks if they had the balls to do this.

To top it off if they have the time to study how to write a conditional acceptance and send that to the banks and credit card companies and/or debt collectors they would be protected from any possible lawsuits that could arise from debt collectors.

Futhermore - what's more valuable: having a perfect credit score, which resets after 7 years anyway if you do this, or stacking multiple full bitcoins using that credit score by blowing up some credit cards and personal loans? You wouldn't be able to get any further/new loans afterwards, unless you can get the stuff off your credit report somehow, but who cares? You just stacked generational wealth. Rent for a few years if you can't get a mortgage until your credit resets. You shouldn't be buying real estate with bitcoin at these prices anyway.

yeah the educational part is not needed. People will learn on their own when bitcoin is topping $1 million and onward. Fuck em, you can't handhold the whole world lol. Those who had the intelligence and the will to learn early, and the balls to place their net worth in such a nascent asset will reap the rewards and experience what I spoke about in the OP.

exactly. As I included in the post, if you want to PRESERVE your stack, and hodl all of it for 20+ years, then you HAVE to work in order to meet your monthly personal expenses. Otherwise you would be spending your stack the whole way. By working enough to at least cover your expenses, you are living below your means, and providing value through proof of work.

this is the way. But this post I just wanted to give a baseline comparison to illustrate the impact of very long term hodl for younger generation with significant, all-in level holdings.

Indeed. This is because of the massive overhead, taxes, and ultimately the INTEREST that must be paid on debt-based scam money from the FED that businesses/entrepreneurs use in their fiat economy. It should be EASY to make success and wealth in business, if we have DEBT-FREE MONEY and freedom from government taxation/enslavement. Bitcoin fixes this.

Bro. There's a major understanding to take place here for you. Respectfully. If you want to be normie, middle class poor for most of your life, pay off your house and own zero bitcoin.

If you want to be extremely wealthy and in absolute command of any and all resources you desire to live the most magnificent life, keep as much debt as possible and instead of PAYING OFF DEBT (like a dumbass that does not understand the fiat economy, forgive me), you stack fucking bitcoin with all the debt you can. This means maximize your mortgage, long debt everything, don't pay a cent more than you need to any loan, even learn about disputing loans and mortgage fraud if you have the time and seek to legally beat debts without paying them anyway, sell everything you don't absolutely need, sell your 401k, roth iras, gold, etc etc, and hold absolutely as much bitcoin as is possible.

If all that sounds too crazy/radical to you, you haven't studied bitcoin enough, and you can take a lesser approach to my suggestions while you continue to put in the HOURS studying bitcoin to the point where you're all in on a bitcoin standard. This is the way.

TL;DR keep your fucking debt as long as possible as stack your fucking sats. Refinance your house into more debt as much as you can handle and lump sum ape it into bitcoin. HODL and WIN.

So cool!! I want to speak German one day! Love that language. Thanks.

I think governments would be hard pressed to go after hundreds of thousands of bitcoiners. No government has the resources for that. Plus, with forward privacy, we have plausible deniability. Heuristics are basically severed. Not sure what governments operate on absolute authoritarianism in regards to presuming you guilty until proven innocent, but it's not the case for most bitcoiners I'd assume. Plus, if you are in a situation like China CCP government, you do have bigger problems than KYC bitcoin. For people in dire gov't situations like that, I doubt centralized exchanges would even be allowed to exist/operate in the country. P2P would be the only way.

In regards to the rest of the world with bitcoiners under governments that are not for the most part outright authoritarian, going after bitcoiners to try and get their corn is basically infeasible. Gov'ts are fucked and should not be imposing themselves on peaceful sovereign beings anyway. Gov'ts operate on consent and contract with the sovereign individual.

Getting your non bitcoin assets would involve the expenses of lawsuits, if referring to foreclosures, etc. None of that is relevant to bitcoin anyway. But when it comes to privacy, to each their own! If you think 3% everytime is worth it, then it is, at least for your peace of mind.

Welcome good sir