If you earn in bitcoin, spend in bitcoin, save in bitcoin, and use bitcoin as a unit of account. You can ignore the fiat conversion rate (unless you plan on buying fiat).
When your living on a bitcoin standard, you've switched from an inflationary system to a deflationary one. Every year goods and services will cost less sats, rent becomes cheaper every year and Instead of arguing for a raise, your employer would have to argue for your paycut.
You'll probably be able to retire off of a couple million satoshi's, because by the time you retire, your rent will have dropped from 5 million a month to 1k a month (and I'm talking about satoshi's). Groceries will cost a couple hundred sats a month maybe.
I told my dad that prices of everything fall forever until they're free.
He said "Huh? That's not true, just look at the grocery store or housing prices" I said "I know, exactly. Every year it costs me less and less, the only reason I was able to afford my condo, was because the prices started rapidly dropping. Buying the condo was a bad idea, because real estate is a depreciating asset akin to a liability, they fall in value over time compared to the money in my savings"
And to top it off.
We're living in an environment were we are getting seriously overpaid in bitcoin while fiat is seriously overpriced. I'm making millions of satoshi's a month. I'll never be able to make this kind of money again. When the dust settles and you tell your children how much you made a month in satoshi's, they'll call you a legend.
TheWildHustle
npub1xr…85uum
2024-09-19 13:39:24
in reply to nevent1q…7fy6
Author Public Key
npub1xr8tvnnnr9aqt9vv30vj4vreeq2mk38mlwe7khvhvmzjqlcghh6sr85uumPublished at
2024-09-19 13:39:24Event JSON
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"content": "If you earn in bitcoin, spend in bitcoin, save in bitcoin, and use bitcoin as a unit of account. You can ignore the fiat conversion rate (unless you plan on buying fiat).\n\nWhen your living on a bitcoin standard, you've switched from an inflationary system to a deflationary one. Every year goods and services will cost less sats, rent becomes cheaper every year and Instead of arguing for a raise, your employer would have to argue for your paycut. \n\nYou'll probably be able to retire off of a couple million satoshi's, because by the time you retire, your rent will have dropped from 5 million a month to 1k a month (and I'm talking about satoshi's). Groceries will cost a couple hundred sats a month maybe. \n\nI told my dad that prices of everything fall forever until they're free. \nHe said \"Huh? That's not true, just look at the grocery store or housing prices\" I said \"I know, exactly. Every year it costs me less and less, the only reason I was able to afford my condo, was because the prices started rapidly dropping. Buying the condo was a bad idea, because real estate is a depreciating asset akin to a liability, they fall in value over time compared to the money in my savings\"\n\nAnd to top it off.\n\nWe're living in an environment were we are getting seriously overpaid in bitcoin while fiat is seriously overpriced. I'm making millions of satoshi's a month. I'll never be able to make this kind of money again. When the dust settles and you tell your children how much you made a month in satoshi's, they'll call you a legend.",
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