tog / The Other Guy is on Nostr

New Source Wales, Australia

Last Notes

2024-08-19 13:29:35

- reply

https://youtu.be/3I9JHYGX_Ho?si=LA9euesaFKXc42Zb
This is a great interview, at 58 minutes he discusses shorting the Venezuelan Bolivar. That is an extreme example of what is playing out at various speeds in basically every fiat currency on earth ( I’m pretty sure 🤔)

2024-08-19 13:19:19

- reply

Yes, to borrow any fiat currency at the present time when it buys a certain amount of goods - houses, bitcoin, cars etc. Then pay it back latter with “debased”(diluted, weakened in purchasing power) currency is definitely a “short” bet on that currency. Because you know that same $amount of borrowed currency will buy much less in 5,10,30 years. Most people think they are just going “long” on the asset.
I have a mortgage on my house… I’m not in a hurry to pay it off. I just sweep any leftover money into regular small purchases of BTC 🙂

2024-08-18 22:05:13

- reply

Hi
Flip that concept around and see that it’s a leveraged short on the currency.

2024-08-14 20:19:46

- reply

Hi @walker, I absolutely love Jeff’s Bitcoin Thesis. But could you please pose this question to him?
Dear Jeff, if we “walk over the bridge to a better system/world” and start to price what we buy in BTC terms. Then, where’s the reference? Like, if my house is worth 20BTC, then; am I not just converting the fiat price into the bitcoin price?? Therefore still using $dollars$ as a reference?

2024-08-10 11:34:16

- reply

I pay in sats for coffee occasionally. But only from a friend’s café, and I consider it to be one of the most generous things I do. I don’t think cafe owner realises how important it is, but it makes me happy to use the tech and share some sats with him 😇

2024-08-06 23:17:02

- reply

Personally, I’d enjoy still being busy. Maintaining and improving my house and yard, cleaning and servicing the cars, attending my kids needs and activities, cooking, exercising, holidaying, exploring and going on adventures, LEARNING, getting up early in the morning and staying productive, helping friends with little jobs, checking in with elderly parents etc. Would hate to waste any time…. What would you do?

2024-08-03 11:18:04

- reply

Yes I agree. All these 99% of people don’t realise how much they need BTC.
At least we’ve found it. Thankfully…
now I try to get those closest friends and family on the life raft 🙂.

2024-08-02 12:03:29

- reply

I’ve done same thing since 2021. There’s companies around that, for a fee of about AUD$1000 per year, support your SMSF. Tax reporting, annual statements, accounting. They walk you through setting it all up… corporate trustee and all that shit. Wasn’t too hard. Definitely worth it to avoid the melting FIAT ice cube.

2024-07-23 22:05:29

#Bitcoin “it’s digital energy!”
We are SO lucky to have Michael on our team.
https://m.primal.net/JbuC.png

2024-05-16 20:51:38

- reply

Stick with calling them tweets. Normies understand that term

2024-03-04 19:21:11

- reply

Hi, could you please advise?
The Lightning wallet that comes with this Primal app, what do you think is the BEST/cost effective way load it up with Sats?
There is a $ icon at top right of screen but it only gives me the option to buy $5.99 of Sats (through Apple Pay) I want to put about $300-$500 dollars of Sats on here and start buying things like coffee with it.
Thanks

2024-03-04 03:03:43

Hello folks
The Lightning wallet that comes with this Primal app, what do youz think is the best way load it up with Sats? There is a $ icon at top right of screen but it only gives me the option to buy $5.99 of Sats (through Apple Pay) I want to put about $300-$500 dollars of Sats on here and start buying things like coffee with it.
Thanks