"Spend and replace" just read as produce more than you spend.
If you are spending more than you're producing you are losing money over time.
If you're spending less than you produce, you're saving.
And you should save when you're young and middle age when you're youthful or highly skilled so that when you're older and less capable you can live on those savings.
We find ourselves in a weird transitionsry period where Bitcoin will not just grow at the rate of our productivity. It's monetizing and it has a long way to go. So early adopters will be very very wealthy. But in the long term, they will either carry it to the grave or pass it down. So on and so forth. Us that pass it down can only hope we instil our children with the same principles or sampling more than they spend.
Fun fact, 70% of families lose their wealth after the 2nd generation. 90% after the 3rd.
OceanSlim
npub1zm…v7f60
2025-06-10 20:31:49
in reply to nevent1q…6v84
Author Public Key
npub1zmc6qyqdfnllhnzzxr5wpepfpnzcf8q6m3jdveflmgruqvd3qa9sjv7f60Published at
2025-06-10 20:31:49Event JSON
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"content": "\"Spend and replace\" just read as produce more than you spend. \n\nIf you are spending more than you're producing you are losing money over time. \n\nIf you're spending less than you produce, you're saving. \n\nAnd you should save when you're young and middle age when you're youthful or highly skilled so that when you're older and less capable you can live on those savings. \n\nWe find ourselves in a weird transitionsry period where Bitcoin will not just grow at the rate of our productivity. It's monetizing and it has a long way to go. So early adopters will be very very wealthy. But in the long term, they will either carry it to the grave or pass it down. So on and so forth. Us that pass it down can only hope we instil our children with the same principles or sampling more than they spend. \n\nFun fact, 70% of families lose their wealth after the 2nd generation. 90% after the 3rd. ",
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