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

Show more details

Last Notes

2024-08-20 22:31:22

- reply

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

- reply

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

2024-08-17 15:48:44

- reply

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

- reply

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

2024-08-14 13:04:11

- reply

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

2024-07-29 17:39:40

- reply

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

2024-07-22 23:07:42

- reply

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

2024-07-20 21:48:32

- reply

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

2024-07-17 20:41:55

- reply

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

- reply

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

- reply

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

2024-06-12 20:00:34

- reply

Actually 7.4%, it’s multiplied not added.

2024-05-24 13:10:12

- reply

Good on ya mate!

2024-05-24 12:43:31

- reply

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

2024-05-19 12:18:16

- reply

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.

2024-05-13 22:23:20

- reply

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

- reply

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

2024-05-07 17:52:41

- reply

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

2024-05-01 21:54:15

- reply

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 15:52:40

- reply

Hope so

2024-04-28 16:35:38

- reply

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

2024-04-21 16:14:52

- reply

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

2024-04-11 00:01:58

- reply

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

- reply

Nice work, it’s always good to see craftsmanship

2024-03-30 01:21:11

- reply

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

- reply

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

- reply

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

- reply

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

- reply

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

- reply

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

- reply

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

2024-03-03 13:20:13

- reply

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