Speedster71
Speedster

Pilot, Bitcoin Pleb

Public Key

npub13ef8dnkeruwhxj468zl28zn6sg65uwur5ta0e7zej2rfcuqfvf8qhnupmr

NIP-05 Address

speedster71@nostrplebs.com

NIP-57 Address

fancymouse1@primal.net

Profile Code

nprofile1qqsgu5nkemv378tnf2ar304r3fagyd2w8wp697hulpve9p5uwqykynsaz48vu

Author Public Key

npub13ef8dnkeruwhxj468zl28zn6sg65uwur5ta0e7zej2rfcuqfvf8qhnupmr

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Last Notes

2024-11-15 00:58:21

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Can you hold the bitcoin in the SMSF on a hardware wallet you hold and then just provide the accountant/auditor with the address so they can verify the funds haven’t been moved? What are the rules on distribution rates once you retire? Thanks

2024-11-14 13:22:07

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Great news please post updates on how you go, I want to copy your move. I get the ability to roll over mine in a year from now.

2024-11-11 18:55:32

I think it was @HODL that I heard on a podcast say if you hold for a couple of cycles the daily changes get bigger than your original purchase price. The feeling is awesome.

2024-10-28 22:29:39

Inflation is killing me, a dollar won’t even buy 1500 Sats anymore.

2024-10-19 17:14:35

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Think of all the cheap European castles we will be able to buy and turn into citadels after they ban themselves.

2024-10-16 12:24:25

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Capital flight in 3, 2, 1….

2024-09-30 16:19:18

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Workers striking against automation is a losing proposition long term. The smart ones will learn how to make/repair/operate the new cranes and will be fine. Crane operators will go the way of navigators post gps and train firemen post diesel/electric and weavers post the loom. Understandable fear and anger but ultimately pointless over the long arc of time. If anything strikes will accelerate the change, computers don’t strike or argue. Savings in bitcoin helps insulate you from these types of inevitable changes and provides a buffer that allows you to learn a new skill.

2024-09-24 11:52:02

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Australians seem to have devolved from the rule breaking happy go lucky bloke into blindly obedient sheep that want and need higher taxes, surveillance and restrictions.

2024-09-15 15:59:37

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Is that your real barn? Did you build it?

2024-09-13 12:21:35

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I’m an engineer and pilot and I round all the time in the interest of speed, most times anything within +/-10% is fine.

2024-09-13 12:18:59

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I’m cheering for a productive and positive person that is adding energy to the network I choose. That he adds more or less than me is immaterial, we are both fighting a common enemy and his efforts increase the value of mine.

2024-09-09 22:40:40

How do you get rid of the bloody annoying ‘ReplyGuy’ infinite repeating posts?

2024-09-09 00:13:19

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I’m keeping the house I live in but I’m selling all the rentals bitcoin is soooo much better.

2024-08-25 12:51:02

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Yes this is true, which is why five years ago I switched jobs to get access to my 401k and never started another one at my new job. At least in the USA you can opt out of these schemes, in places like Australia you are forced to contribute.

2024-08-22 19:46:23

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Send 100% of paycheck to Strike, once a month sell just enough to cover your expenses

2024-08-20 22:31:22

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Yup to get over the pain of buying a house I took a HELOC to buy bitcoin. I’m also selling my rental properties and converting that to bitcoin as well.

2024-08-18 13:48:22

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G’day Neal, welcome, I’m sure you find many like minded and supportive folks here.

2024-08-17 15:48:44

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I took a loan against my life insurance policy, the bitcoin I bought is now worth more than the death benefit so I’m effectively self insured. I took a HELOC and that bitcoin will soon be worth more than the house that secured the loan. Now and again I think of selling some bitcoin to payoff the loans, but then I come to my senses and realize I should just let the government debase them to zero.

2024-08-14 13:33:45

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As an engineer who likes data supported opinions I endorse this. Well done.

2024-08-14 13:04:11

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I think Aussies are in for a rude shock when house prices inevitably fall.

2024-07-29 17:39:40

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This will be an awesome buying opportunity. More bitcoin for individuals and less for the state.

2024-07-22 23:07:42

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Good on ya Bendik thanks for sharing. I quit about 4 years ago and it feels good.

2024-07-20 21:48:32

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I’m reading “The most dangerous superstition”, I think you would like it. Thanks for your post.

2024-07-18 02:17:30

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This would be epic, a mistake they could only make once. I’d be stacking like a mad man.

2024-07-17 20:41:55

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I took a HELOC when Bitcoin was 20k, now it’s 65k, pretty soon the corn will be worth more than the house that secured the loan. But you must have good savings SnF cash flow so life’s unexpected emergencies don’t wreak you.

2024-07-04 14:44:46

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This forces people to make transactions they don’t want to. It’s like negative interest rates at a bank. By HODLing I make block space cheaper for those that voluntarily wish to transact. By HODLing I reduce the supply that can be purchased which helps price. This proposal is a hard no for me. Sounds like MMT CBDC babble.

2024-07-02 16:54:27

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I’d love a copy but they are hundreds on Amazon, don’t suppose anyone has a pdf they would share

2024-06-24 21:33:05

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For sure, but hopefully over time loans will be more available and merchants and tradespeople will be more inclined to accept. Slowly slowly.

2024-06-24 19:04:51

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Ideally don’t sell to fiat, use it to buy goods and services.

2024-06-23 16:42:13

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I love it when governments sell bitcoin for fiat they can print for free. It’s the ultimate Darwin test, thankfully they are failing.

2024-06-23 12:22:20

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Yup this is the way. Five years ago I had some spare cash. Half I put in bitcoin half I put into single family rental properties. Bitcoin is just so much better. Experiment over, I just started the process of selling the properties to buy more bitcoin. I can’t believe I am the only one who is thinking this way.

2024-06-20 15:12:39

Looks like the Yen is putting in new lows against the USD not seen since 1986. Hope they are buying Bitcoin.

2024-06-12 20:00:34

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Actually 7.4%, it’s multiplied not added.

2024-06-12 11:28:24

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Your terms are acceptable

2024-06-10 23:15:38

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My plan is to keep mining fiat until my stack is worth equal to (100-current age) x annual salary.

2024-06-04 13:23:29

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This is why I don’t keep any money in banks

2024-05-31 00:08:13

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Great news thanks for sharing. Also great performance on the Swan podcast recently. Your FIRE article is a good read. Someone also made a cool website to help plan your bitcoin FIRE goals: http://bitcoincompounding.com

2024-05-24 13:10:12

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Good on ya mate!

2024-05-24 12:43:31

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Yeah I think my next car will be an old diesel land rover

2024-05-19 15:53:20

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I’m all for ripping the bandaid off

2024-05-19 12:43:55

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Just not having the adds, CIA & FBI is a great UX improvement.

2024-05-19 12:18:16

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I convert all my pay to bitcoin then cover my monthly expenses with a credit card. Once a month I sell enough bitcoin to zero out the credit card . This way I have maximum exposure to bitcoin for the longest time. Only 12 sales per year so not too hard for taxes.

2024-05-17 13:26:18

I used to worry that my bank would deny my transfers to buy bitcoin. Now that I send 100% of my paycheck to Strike and convert it all to bitcoin the banks worry is that I won’t transfer enough fiat back to them.

2024-05-17 02:11:25

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Not very motorcycle friendly

2024-05-15 18:57:08

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Makes my payday stacking look a little insignificant but it makes me feel good to be doing my part. Every Sat off exchanges helps.

2024-05-15 18:49:22

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A super episode it made me realize that it wasn’t just me suffering from the money spigot above me but also all those below me. It’s really made me double my efforts to use less fiat.

2024-05-13 22:23:20

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So futile. You would think after the last time they would understand it’s rigged and that they should opt out and play another game.

2024-05-10 13:40:54

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Your profile pic looks like a middle aged professor. Username “thehiers”. Seems to work normally.

2024-05-07 17:52:41

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You can use Strike and convert 100% of your pay, my employer does this no problem.

2024-05-06 01:38:27

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Yup at the end of the year I will have 12 sales, one for each month, so there could be CGT to pay. But the pay I don’t spend is HODL’d so no tax on that. I’d rather pay 25% on a gain than have to hold fiat.

2024-05-06 01:17:13

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I take 100% of may paycheck (every two weeks) directly to Strike in Bitcoin. I pay all my expenses on credit card. A couple of business days before the end of the month I sell just enough bitcoin to pay off my complete credit card bill to avoid interest and to put enough in my checking account to cover my mortgage. So I’m only minimally exposed to fiat for a couple of days.

2024-05-04 22:22:00

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Loud and clear. Responses are slow but no adds. The more you like good folks the better the experience.

2024-05-04 14:03:18

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Swings and roundabouts. My paycheck cleared early Friday morning at $59k so I’m enjoying a 4% pay rise. I think living in bitcoin takes great emotional control and a big runway so you can ride out the volatility.

2024-05-01 21:54:15

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It’s effectively lost unless the owners took care of it via their will/estate planning. Satoshi called it a donation to the rest of us.

2024-05-01 15:53:31

So where is the lower volatility I was promised post ETF?

2024-05-01 15:52:40

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Hope so

2024-04-30 21:01:40

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It’s also easy to link your paycheck to and better now limits have improved significantly

2024-04-28 16:35:38

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I take 100% of my paycheck in bitcoin and only give up once a month enough to cover my expenses.

2024-04-27 13:07:01

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I like the way you’re thinking. Here is another calculator you might enjoy: http://bitcoincompounding.com/

2024-04-22 16:57:27

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It will be interesting to see the chasm widen between countries that embrace and those that ban themselves from bitcoin

2024-04-21 16:14:52

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Hi Scott thanks for your note. You might like this website: http://bitcoincompounding.com. It’s a calculator that lets you plan your retirement early with Bitcoin. Cheers, Nige

2024-04-19 12:15:04

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I just took 100% of my last paycheck for the epoch.

2024-04-19 00:51:18

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Sure hope you are right

2024-04-13 21:15:01

Thanks for cheap Sats just 6 days before the halving.

2024-04-11 00:01:58

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I had a friend ask for a loan and I told him sure, interest rate is 100%. He was upset but I told him if he couldn’t beat bitcoin CAGR then lending to him was a losing proposition for me.

2024-03-31 15:36:22

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Nice work, it’s always good to see craftsmanship

2024-03-30 01:21:11

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Priced in by who? Me yes, I’ve been stacking hard since the last one. By most of society, most certainly not. 9 out of 10 people I know barely understand the basics, much less fathom the significance of the halving. To your point there is more awareness in general but my guess is that the halving will still likely have an influence on price and adoption.

2024-03-28 12:14:46

Bitcoiners say gold’s alternative uses such as jewelry and electronics detract from its ‘moneyness’. If we want Bitcoin to stay the best money we should avoid adding non money uses and data to the bitcoin blockchain.

2024-03-21 12:31:22

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Hi Matthew I really like the content you create on the bitcoin power law and comparison of currency sizes. How about plotting the bitcoin log price versus time on a log scale (block time or regular time)? A power law would be a straight line in log-log right? Anyway keep up the good work. Cheers

2024-03-20 22:03:24

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Provide value to others. Spend less than you earn. Save the difference in bitcoin. Use an automated DCA provider like Strike/Swan/River and periodically withdraw to cold storage (hardware wallets like Cold Card or BitBoxO2 are good). Don’t use leverage, have a >4year time horizon, don’t trade, don’t try to earn yield, run a node. Chill.

2024-03-18 13:22:59

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Welcome to NOSTR & Bitcoin Erin, glad you’re here. The future is bright for free speech and sound money. Both will help your garden grow.

2024-03-18 12:58:38

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I used Swan until they froze my account for using a VPN and doing coin join in a different wallet than the one I withdrew to. They also wanted to know what I did for a job and the source of my funds so I switched to Strike. Other than their custodian I like the Swan product and education but when they treat you worse than a fiat bank I’m out.

2024-03-16 16:13:04

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I’ve been doing the same but I would have been better off if I just bought bitcoin with the down payments instead of houses. I also have a pretty low tolerance for all the admin that goes with rentals. Bitcoin is so much simpler to buy and send to cold storage once and then you’re done.

2024-03-08 13:16:47

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If you want to teach your children the value of hard work this is a great way.

2024-03-03 13:20:13

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I’m selling my rental properties and converting the proceeds to bitcoin

2023-08-31 15:48:41

Latest version of Wasabi wallet seems to coinjoin an order of magnitude faster (minutes compared to hours for my regular DCA)

2023-08-29 16:22:56

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Sorry for the topic drift, but as a new Wadabi user coinjoins are super easy but I’m finding it hard to find good actionable best practices or do’s/dont’s for storing and spending post coinjoined funds. Any tips?