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36 sats \ 0 replies \ @thecommoner 15 Apr \ parent \ on: What Would You Do With 50 Bitcoin? AskSN
:) - I have heard plenty about the "scammy" concerns as well - that's why I am leaning towards the just giving the "50/50 split in appreciated value" and then saying if you want it to continue you will have to "opt in" after a certain period or something....
still working on it - but things are slowly coming along!
This is really hard to lay out fully as a gift like that would literally change ones life....this reply is going to be a bit long so hodl on :)
I think it is important to note that I believe that deep down the rabbit hole of Bitcoin we are all looking for ways to constantly provide value to other through either 1) exchanging our Bitcoin with people or, 2) providing value to others in exchange for their Bitcoin. Either way this concept of HODL slowly fades due to the entropic characteristics of the network.
OK -
I would instantly inform my boss that I would be quiting as soon as they could find a replacement for me...
I would then begin the process of setting up a "non-profit" organization that's first focus would be on purchasing apartment buildings and immediately transforming them to run on my version of Bitcoin - which is - everyone pays a split amount of Bitcoin/FIAT - the FIAT paid is equal to the FIAT needs of the property and the Bitcoin paid is equal to the "profit" that the property would otherwise realize. That Bitcoin would then become the "Reserve Account" for the property after it first worked as an incentive for the residents that paid it... (That incentive would be a 50/50 split in any appreciation of the FIAT value of that Bitcoin as a discount on their future rent) (this is a simple concept that not many seem to understand in Bitcoin land....but I am confident it is coming)
The groundwork for this would all come out of my 50 Bitcoin and the non-profit would be the recipient of the other 50 Bitcoin -
My hope would be that "donor's" would allow me to purchase properties for cash (which would help ensure a "reasonable" price for the properties and allow me to maintain rents at below market rates which would help affordability and the rent credit would make them even more affordable for the residents - This will change the paradigm of housing from a Landlord vs. Tenant relationship to one that is Cooperative and where the tenant is incentivized to help the landlord/owner keep rents lower...less evictions/less lawsuits/less damage....everyone treats their apartment as their own due to the Bitcoin incentives coming through....
This flywheel of sustainability first becomes recognized locally as a good idea....then goes from their....before you know it - our housing crisis is over....
I know that seems like a lot - but its happening already with my little property...and once I get it set-up in a non-profit and start just giving rent discounts to my "FIAT" paying residents they will be incentivized to pay in Bitcoin in order to maintain the discounts.... this has the ability to onboard literally everyone in a fiarly short yet orderly manner....
or at least that's what I would do/am doing....the gift of Bitcoin would just let me do it now instead of over the next 1-10 years or so :)
What a dream :)
When you play with fire....well you know the rest :)
I think this is the best possible scenario playing out
Wish me luck - I am applying for the analyst job the egodeath has open currently :)
My gut tells me I'm gonna need all the luck I can get! But you never know so....
A few more thoughts on it.....
"I feel like this group is so close to the solution and I just have believe they just don't see the problem as a result of being too focused on simply trying to survive from one day to the next....and that seems like a "shite" way to live...."
continued from here....
.....I mean I guess if you believe the gobbligook put out by the "humans" running the "fed" or "gov" to be the "one and only truth about money".....but come on?? What are the odds that the system built upon something that only certain people have the ability to "print" or "create" is really going to be the "most adopted" system for long is? Like once the system started showing cracks and smart people started thinking about the problems with the current system, you can't tell me that they wouldn't start trying to find a new, better system....and well holy hell....Satoshi didn't come up with it???? And now....well holy hell again....it isn't proving out to be the best system for handling this "money" thing and all that humankind does within it????
I believe it is inevitable....that Bitcoin continues proving out its "positive and growning influence" over the monetary systems of the world until it is usurped by something better that is solved due to some flaw no one sees (or hasn't played out) yet in Bitcoin.....but hey....unknown, unknowns are a bitch!
I've blocked out the memory of just how long I had one stuck for previously....but it was at least two months.....and I really think it was like 6 months about 8 or 9 months ago I think???? I was so "shitting my pants" and like "this is crazy, I did everything right so I wonder just how long this might take" and "wonder how I can speed this up?"
Which also coincided with mempool.space coming out with the testing of "boosting" your transaction....but I was willing to wait it out....it was a great learning experience to just pay the extra sats to ensure you don't get left out of a block for eternity???
The hardest thing I have ever done.... was finally accepting that I did not have to maintain relationships with those in my life who had hurt me the deepest. Specifically my parents...
It took a lot of really hard work to build up the mental lattice and strength to finally put an end to those cycles of abuse....but I gotta say....it really feels good to be on the other side of those relationships :)
Danny is working hard to put "What Bitcoin Did?" back on top.... and I thought this interview with Lepard was on point!
While I am a little concerned that his book might be more of the same, I do like his take on things and am sure it will be a good read :)
This is a great post @siggy47
You do a really good job making the case for Bitcoin....almost like a lawyer might do :)
Bitcoin is a seperate system from anything humanity has encountered - and as more people come to understand this and build upon it....it is going to continue to grow more and more valuable and become more and more ingrained into our daily living...until it becomes the system everything is based upon and we are writing history books about the dark ages under FIAT systems
Bitcoin is so much more....to so many....talking in absolutes is difficult when it puts "baby in the corner" - lol
What about it being an open, secure, decentralized, protocol bounded by energy.... I mean it is pretty hard to say that has to only be a ledger?
161 sats \ 0 replies \ @thecommoner 27 Dec 2024 \ parent \ on: Embody your weaknesses FiresidePhilosophy
That is an extremely interesting article for sure...I can't imagine not imagining talking to myself :)
I wonder if some other part of the brain is activated or if they simply talk out loud and "role play" responses to themselves?
So many questions....thanks for another Rabbit Hole of learning courtesy of all of you and Bitcoin!!! I love you (and sometimes hate you) all!
It immediately fills me with frustration and sadness - Bitcoin is appropriate for everyone wishing to step outside the FIAT rails in a decentralized, secure and soveriegn manner.
If you are passing it on to someone else, or simply "sticking it to the man" and removing it from the world upon your passing....it is appropriate :) Also if you plan on living more than a couple years it could be a very beneficial decision.
I think I could make an argument that Bitcoin is appropriate for everyone, at anytime and in anyplace....but I am a little wierd!
I remember getting an Optimus Prime transformer and thinking that was pretty cool....
I also remember seeing my parents putting the christmas gifts under the tree while my brothers and sisters were waiting in the car to go to church....(I can picture this moment like it happened yesterday)....I felt as if I had the rug pulled out from under me...because obviously I did....
My parents had been lying to me, while waiting to bring me to a place were people preach about truth, honesty, integrity.... LOL
This was definately the greatest "Gift" I could have received looking back on it but back then....it was just to much to reconcile