In retirement planning! People are afraid to run out of money while they are alive. That is why the invest into mutual funds, stocks, annuities, etc. They do that because our money (dollars) are designed to steal from us (inflation steals our power). So understanding the race of keeping up with purchasing power is the foundation of our monetary system. That realization is sickening! And for that, I think #Bitcoin is the solution to the better money. Bitcoin removes the complicated financial planning necessity because the solution is to simply save sats because the purchasing power is designed to GO UP!!! Stack sats folks ⚡️⚡️⚡️
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What you are describing is the usecase of bitcoin which orange pilled me.
Thanks to Parker Lewis's article 'Bitcoin is the Great Definancialization' I've found myself with my jaw dropped to the floor reborn into a different world. And I enjoy every moment in this world since then. 🌈
This is the article: https://nakamotoinstitute.org/mempool/bitcoin-is-the-great-definancialization/
The article was also republished in The Bitcoin Times Ed 3, free download behind email wall available: https://bitcointimes.io/product/legend-of-prometheus/
Do you remember how you've came to this idea?
#[4] : #[8] and me are at this point currently. Can you come up with your thoughts on this or is this topic not your cup of tea?
The thing that hit me the hardest was listening to an episode of The Bitcoin Standard podcast explaining how money is created when people go into debt. But debt has different costs for different people. If you have lots of equity you get debt cheaper than someone without much equity. This results in increasing inequality
What specifically has made your life better since reading the article?
Specifically: The cascades of new knowledge that SUNK INTO me and experiencing myself responding to the same stimuli with completely different reactions. I feel like I experienced a personal Copernican revolution.
Just a few keywords of my input stations:
- How an economy grows
- the bitcoin standard
- 21 lessons h/t #[10]
- bitcoiner.guide h/t #[11]
- bisq.network and what a contract really is
- All editions of The bitcoin times bitcointimes.io
- nakamotoinstitute.org
- many many more
How I saw my values and reaction schemes change:
- from environmentalist to I don't know
- from political left to f*ck you all you corrupt state influences plus there are no states just corporations
- from let me explain this to you again until you understand to if you don't get it or believe it I don't have the time to convince you. Sorry.
- from feeling deep inside me that saving purchasing power the way I was sucks and benefits not me but the goes brrrrrr gang but having no alternative to haha, take my worhless digital numbers and give me those sats that cheap (I still wonder everytime I convert low energy money to high frquency sats which lost soul is my counterparty)
- many many more