The point is to stay solvent in the next few years without needing to rely on your bitcoin stash.
If you manage that, you'll emerge as a sovereign individual with generational wealth, and have a chance to integrate with or shape the new economic paradigm.
If not, then your stash will get you through, and you'll start over with zero instead of negative, which is still something I guess.
It's likely that will be a similar paradigm shift to post WWII, with widespread poverty, rationing, and other challenges. I don't think it will be a dystopian apocalypse but it will feel pretty rubbish in the western world not used to such a rapid drop in comfort levels.
I'm thinking about how sovereign individuals helped to build society in previous generations, in particular the landed gentry and the new industrialists on both sides of the atlantic in the 19th century. It's Andrew Carnegie's "gospel of wealth" and the Lord Shaftesbury types in Britain.
Bitcoiners are already getting started with these kind of projects, but it's something to think about as we enter an era where food, clothing, and shelter will be far more pressing concerns that yachts and lambos. We're having to grow up fast, the age of 69,420 memes is passing and the age of bearing responsbility for the future of humanity is almost here.
PS - Generational wealth may not mean a dragon's hoard, but simply having something in your hand to pass on to the next generation, which they in turn can build on, care for, and pass on again. Generational wealth itself implies training the next generation on the responsibilty that comes with holding, but that's a whole nother story for another time.
#Bitcoin
berean jones
npub1qf…hx6k5
2024-04-25 08:48:14
Author Public Key
npub1qf6gsfapq94rj0rcptkpm9sergacmuwrjlgfx5gznjajtvkcx3psfhx6k5Published at
2024-04-25 08:48:14Event JSON
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"id": "7cbf73ea7a556db7f5992830cb43189e52041ac792a9eb9dfd52338a90f8b374",
"pubkey": "02748827a1016a393c780aec1d96191a3b8df1c397d09351029cbb25b2d83443",
"created_at": 1714034894,
"kind": 1,
"tags": [
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"content": "The point is to stay solvent in the next few years without needing to rely on your bitcoin stash. \n\nIf you manage that, you'll emerge as a sovereign individual with generational wealth, and have a chance to integrate with or shape the new economic paradigm.\n\nIf not, then your stash will get you through, and you'll start over with zero instead of negative, which is still something I guess.\n \nIt's likely that will be a similar paradigm shift to post WWII, with widespread poverty, rationing, and other challenges. I don't think it will be a dystopian apocalypse but it will feel pretty rubbish in the western world not used to such a rapid drop in comfort levels.\n\nI'm thinking about how sovereign individuals helped to build society in previous generations, in particular the landed gentry and the new industrialists on both sides of the atlantic in the 19th century. It's Andrew Carnegie's \"gospel of wealth\" and the Lord Shaftesbury types in Britain.\n\nBitcoiners are already getting started with these kind of projects, but it's something to think about as we enter an era where food, clothing, and shelter will be far more pressing concerns that yachts and lambos. We're having to grow up fast, the age of 69,420 memes is passing and the age of bearing responsbility for the future of humanity is almost here.\n\nPS - Generational wealth may not mean a dragon's hoard, but simply having something in your hand to pass on to the next generation, which they in turn can build on, care for, and pass on again. Generational wealth itself implies training the next generation on the responsibilty that comes with holding, but that's a whole nother story for another time.\n\n#Bitcoin \n\n\n",
"sig": "cb51aed7d58cd5f0a9275bb096ea005da85f34205774e86693a6cb7452dd392a46a9d87730cece766c9a9c66fba4b269e210521ca2f9f3e3e3cfc22c3723c8d1"
}