Been reflecting on what I've learned by reading The Fiat Standard...
1) In the short term need to continue to pay off debt and limit the out flow of funds from my budget.
2) Start saving harder in #bitcoin and become backed by that standard. Also purchase a house to get out of the rent rat race. Lock in my houseing costs against inflation.
3) Once all of this is accomplished, start using fiat debt to build wealth to continue backing my finances off bitcoin. Fiat only becomes a tool or an "un"stablecoin to leverage into more and more bitcoin.
I personally feel that people are too bearish on the USD. Do I think its a flawed system that will fail eventually? Yes. But I think people underestimate the footing it has. I don't think it will fail in my lifetime. Just my opinon!
#plebchain #nostr #btc
beachedwhale92 / Christian
npub1p3…kr09j
2024-02-11 13:15:28
Author Public Key
npub1p3wmchwft27mg8g9cuym98fxvr7pg3fpwfxpcf4ffzurq07575hshkr09jSeen on
wss://relay.damus.ioPublished at
2024-02-11 13:15:28Event JSON
{
"id": "7fcf4d6fb29019678f5a964e0db42ffb06d7cd24c05275e47471da7ba9592d04",
"pubkey": "0c5dbc5dc95abdb41d05c709b29d2660fc144521724c1c26a948b8303fd4f52f",
"created_at": 1707657328,
"kind": 1,
"tags": [],
"content": "Been reflecting on what I've learned by reading The Fiat Standard...\n\n1) In the short term need to continue to pay off debt and limit the out flow of funds from my budget.\n\n2) Start saving harder in #bitcoin and become backed by that standard. Also purchase a house to get out of the rent rat race. Lock in my houseing costs against inflation.\n\n3) Once all of this is accomplished, start using fiat debt to build wealth to continue backing my finances off bitcoin. Fiat only becomes a tool or an \"un\"stablecoin to leverage into more and more bitcoin.\n\nI personally feel that people are too bearish on the USD. Do I think its a flawed system that will fail eventually? Yes. But I think people underestimate the footing it has. I don't think it will fail in my lifetime. Just my opinon! \n\n#plebchain #nostr #btc",
"sig": "f0805d07db62e0eb80bd7ce32036d9638b1d92d3b229788d28b0a68d7ca64d5c7694f1b57d0ff68ec674f425fbf8ff4e3f7f90292623de42fa4620dcd1e0a06e"
}