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Nick Yam
nick.yam@nostr.com
npub1a7as...mzde
Catholic husband, father, and lifelong learner. Friendly contrarian. Bitcoiner. ~~NYC Dweller.~~ FL beach bum.
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Nick Yam 7 months ago
I’m kind of hyped for a near future that has BattleBot-style showdowns with humanoid robot gladiators. image
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Nick Yam 7 months ago
There a two things a person can say that instantly signal to me that they are not financially intelligent. 1.) Having any other view on Bitcoin outside of IT’S COMING FOR EVERYTHING. 2.) Thinking that’ bUiLdInG MoRE iNvEnToRy’ is the solution to the housing affordability crisis in the U.S. Another possibility is they are arguing in bad faith. #bitcoin #realestate
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Nick Yam 7 months ago
A positive aspect of #nostr compared to other socials: Users here seem to be proud of how much they have #zapped other users instead of the zaps they have received. Compare this with influencers who talk about their creator income, sponsorship revenue, follower count, etc. Generous in knowledge and in #zaps Built different.
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Nick Yam 7 months ago
I thought my downstairs neighbor slammed their door or something. The shake wasn’t long at all in Manhattan. View quoted note →
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Nick Yam 7 months ago
If you listen to one #bitcoin podcast episode this year, let this @Robert Breedlove What Is Money be it! @Neal get into the weeds of the MORAL objections to fiat and equips the bitcoiner with tools to articulate that message in his book Modern Chains.
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Nick Yam 7 months ago
Is #nostr a nod to the Latin 'nostra' (‘ours’)? If yes, brilliant work, @fiatjaf If no, then what a divine coincidence. 🏛️📚💭
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Nick Yam 7 months ago
What a privilege is it to end the day exhausted by supporting the family you once prayed to God for. How many prayers were answered to bring us where we are today? 🙏🙏🙏
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Nick Yam 7 months ago
Most people are trading generational wealth for a 6% 401(k) match, and believe they are winning... As much as I hate comparing Bitcoin to fiat, there are too many Bitcoiners who opt into their employer-sponsored retirement plan instead of stacking the coin and genuinely think they are winning the trade. I ran the numbers comparing a traditional 401(k) (with a very generous employer match) against simply stacking Bitcoin with post-tax fiat. Assumptions: -$100k salary, 6% employee contribution -Employer matches 6% (total $12k/year into the 401(k)) -401(k) grows at 7% CAGR -Bitcoin grows at just 30% CAGR (a fraction of its 5-year average of 57%) -Bitcoin is bought after taxes (25% tax haircut up front) After 10 years: 401(k): ~$166k pre-tax → ~$124k after taxes Bitcoin: $192k post-tax Bitcoin still outperformed by ~$67,000 (54%) — despite contributing half as much annually. -This was extremely generous to the 401(k) and very conservative toward Bitcoin. Yet the prevailing wisdom — even in many Bitcoin circles like r/Bitcoin — is that you should take the immediate 'gain' and opt into your employer-sponsored plan. That’s how early we are. -We’re not just in a parallel financial system — we’re in a parallel reality. NYKNYC #Bitcoin #FiatTrap #Retirement #StackSats #Nostr
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Nick Yam 7 months ago
#Bitcoin inheritance has kept me up more nights than it should have. That is until I read How To Leave Bitcoin to Your Heirs by Anthony S. Park. This quick read provides guidance for a ‘base layer’ inheritance plan that is low-cost, low-trust, and low-complexity. Give it a read and ensure your stack reaches your heirs. #inheritance #estateplanning
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Nick Yam 7 months ago
You’ve been given the ability to give real value to notes you appreciate with #Zaps, yet you still ‘like’. What’s wrong with you? ⚡️⚡️⚡️⚡️ #nostr #lightning #bethechange