PETROS / PETROS is on Nostr

Financial Literacy with Mr. 401(k)

Last Notes

2024-01-05 13:51:16

Until now, Bitcoin's adoption curve has been filled with people who have done the work to understand it. If Bitcoin adoption experiences hockey stick growth, then later adopters will not do the work. The idea that billions of people will read and absorb The Bitcoin Standard is absurd. The vast majority of late adopters will expect the same level of convenience they have with TradFi. They will not bother to learn how the Bitcoin plumbing works. They will grow frustrated if the systems are inconvenient or impose too many frictions on use. They won't care about or understand self-custody. They won't care about or understand self-sovereignty. They will trade it all for convenience. An ETF is one step down the path of convenience. A 0.39% OER will be a small price to pay in their minds for that convenience.

2023-10-12 21:39:50

Nobel Prize winning economist thinks inflation looks great when you exclude routine consumer purchases. 🤦 You can't make this up! #inflation #CPI
https://image.nostr.build/c133d260e9229594aeebfcdaf3d7174c82581abc9d953e9b7d970b6144f845a1.jpg

2023-10-11 02:50:28

At the family dinner tonight...
Wife (to kids): Mama and Baba have an anniversary coming up. Do you kids know how long we've been married?
Daughter (8): Um, what year did you get married again?
Wife: 2009.
Daughter: 2009!?!? Baba, that's the same year the first block was discovered!
Me (spitting out drink): Omg. Holy 💩!
#Bitcoin #ProudParent

2023-07-22 02:34:55

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Photo h/t to https://twitter.com/chigrl

2023-07-22 02:09:39

Proof of Steak > Proof of Stake
https://cdn.nostr.build/i/9ee08d4501e48de0c10051564354962c78fbfb99088ae263c984b166b81cf171.jpg

2023-07-18 17:22:39

Visualization of the U.S. Treasury Marketable Debt Maturity Schedule as of June 30, 2023. About 30% or $7.4 Trillion of the total marketable debt is due in the next 12 months.
https://cdn.nostr.build/i/9ff001560d3589e22392685a40c84ad2642831937163232f8be60f197f94b7b6.png

2023-07-08 17:19:06

The interest payments on U.S. Government Debt is approaching $1T
http://nostr.build/i/8ccd5ee17313f8be04384a61582412478e0f6b809e1a72ed48c8252ce71fc123.jpg

2023-07-02 18:32:50

What is money?
A seemingly simple question with only complicated answers.

2023-07-02 16:50:50

You do not need permission to buy or sell #Bitcoin   
You will need permission to buy or sell a #BitcoinETF
Know the difference

2023-07-02 00:48:54

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Hardcover with the same dimensions as The Bitcoin Standard.