This article seems to miss so many points.
1. The monthly payment is fundamentally P*r with a small epsilon for principle reduction.
2. Interest rates won’t stay up forever?
3. How long does an average homeowner stay in a house?
P can drop by 50% or “r” can drop by 50%
“r” was recently 2.5% and is now 6.5%
Maybe we need to look at r
Also property taxes are driving sales as much as “r”
Infact property taxes in Illinois have the effect of doubling “r”.
So in Illinois you could create massive wealth by suspending property taxes and dropping interest rates. A $500,000 house would easily be valued at more than $1,000,000.
A bear market helps more than a bull market hurts! - @Samuel
My new quote, adopted from aviation. #nostr 🧑✈️(s) will know exactly where this comes from.
#btc #bitcoin
View quoted note →
Was at a used bookstore in a small Arkansas town, stumbled on an interesting book so I bought it.
#physics #bookstr #science
I got to thinking I wonder who is involved in magnetohydrodynamic back in 1956, very interested so I looked up Louis N Ridenhour and it turns out he has a Wikipedia page. Like many California physicists from the 40s and 50s he did not live a long life but in 1957 this would have been among the most advanced science.
Understand this! Thanks @Carl B Menger
We mine 3300 tonnes of gold each year!
“It’s the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste.” - Satoshi Nakamoto
View quoted note →
@ricko instead you should say thank you #satoshi
The ball is in motion, Trump, Bassett, et al just happen to be at the right place at the right time.
“Opportunity favors the prepared” - Blaise Pascal
View quoted note →
Quantum computers and btc
If you never reuse Bitcoin addresses and only use hashed (P2PKH or SegWit) addresses, your funds are **currently safe** from quantum attacks—even in a future with quantum computers. This is because your public key remains hidden until you spend, limiting exposure. A quantum computer would need to break your key within the short window between transaction broadcast and confirmation, which is extremely difficult.
However, **any address that has ever been used to send funds** (thus exposing its public key) or **Taproot (P2TR) addresses** (which reveal public keys on receipt) are at higher risk over time. The safest practice: use each address only once, stick to modern wallet standards, and stay informed as the network may eventually adopt post-quantum cryptography.
#nostr #cryptography #btc #bitcoin #quantumresistant #selfcustody #satoshi