Two of my favs. looking forward to listening View quoted note →

This EP is really cool and adds a great perspective on the current monetary and economic landscape. Thanks, Jeff, for sharing your insight, and thanks to Stephan for airing this interview.

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Really enjoyed this one. Thanks!

Great ep!

This EP offers a fresh and valuable perspective on today’s monetary and economic situation. Thanks, Jeff, for the insightful thoughts, and Stephan, for hosting such an engaging interview.

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@less that was a great episode - even set myself a reminder for a year from now to watch out for the euphoria. I want to hear more about your decision to go Nostr only though!

🍻 #Nostr-only is simple: I want to quit spending my time, energy, and purchasing power on the centrally-controlled fiat system and focus on building the decentralized and secure future... currently via the #nostr and #Bitcoin networks.

I’ve noticed you brought some of your followers with you as well 🔥 Nice work doc. Glad to have you here, seems like we’re getting a decent number of physicians too!

Cheers to that! Focusing on Nostr and Bitcoin is a solid way to step away from the centralized systems and truly support a decentralized future. It’s all about putting your energy into something that aligns with your values and vision for a more secure, censorship-resistant world. Keep building!

🫡 I’m trying to do the same but instagram is still the easiest way to sell tickets to my Feasts. Wish it wasn’t so but I need the fiat so I can acquire more bitcoin. However I have had a few bitcoiners pay in bitcoin and that is a wonderful feeling

he's the reason I'm here. now that I'm here, I can't believe I wasted so much time on X.

Really enjoyed this! Question for @less though: in terms of the 8% retirement drawdown: what about sequence of returns risk? Bitcoin is very volatile and you'd be a forced seller during bear markets, and then have a lot less Bitcoin to recover during the bull....... 🤔

Welcome! Doesn’t compare, this place is much more genuine. You’re going to love it here.

You're thinking in dollar terms. The 8% Rule is in bitcoin terms. So, while the dollar amount will be volatile from year to year, you will know exactly how many sats you are selling to support your lifestyle. Also, though volatile in fiat terms, the amount of purchasing power will generally increase (materially) over the years.

Awesome. step-by-step!

Welcome 🙏

Our time, energy and purchasing power matters. Intentional shifts like these build the world we want to see 🙌🏼

Here is a fun calculator to play with when thinking about yearly % drawdown.

Bitcoin FIRE Calculator

I also like this calculator. Thanks for sharing it!

Dr Ross, missed seeing you glad you're back great interview. Curious on one thing, wish Stephan would have asked you.... With currently no more than 1% global adoption.... and as adoption looks likely to explode how do you see there being diminishing returns in the next couple of decades??

Sounds logical to me @less

Sorry, just saw you had replied (I am mainly on X). BTW - saw an interview recently where you recommended tithing 10% to the local church, and then saving 30%, and living on 60% - I think that is wonderful advice! About the 8% rule, I still don't really understand: in Bitcoin terms 100/8 would then only last 12 years? Or would you take 8% out every year, so after year 1 you're left with 92% of original amount, but then you take 8% of what's left, etc? Additionally - if Bitcoin goes through 40, 60, or 80% drawdowns, how would you survive in those years....? Or would you draw 8% of your BTC stack each year, convert to fiat, and then only live on a part of that and keep the rest in fiat to "smooth out" the amount and have a steady income year by year? Trying to wrap my head around it.