Did a little mental math that blew my mind just as much as those I was trying to make a point to.
2017 a house costing $300,000 would have set you back 75 Bitcoin.
That same make believe house in 2021 costs $345,000 and would set you back 6.77 Bitcoin.
Moral of the story, start pricing things in Bitcoin and all your inflation woes disappear.
Looking for some audible book recommendations. I have 4 credits to use. I've been on a history bent lately but open to any suggestions out there.
Books I've finished
Genghis Khan & the Making of the Modern World - Jack Weatherford
The Lessons of History - Will & Ariel Durant
When Money Dies - Adam Fergusson
Atlas Shrugged - Ayn Rand
The Fourth Turning - William Strauss, Neil Howe
The Price of Tomorrow - Jeff Booth
Snow Crash - Neal Stevenson
City of Thieves - David Benioff
Busy week in the Bitcoiner Chat Matrix room this week! Topics including...
- Segwit address types
- China mining FUD
- Migrating Dojo's
- Sparrow Wallet
- Specter wallet + pruned nodes
What you waiting for?
Just got this email from my legacy fiat bank. I'm so glad they're letting me know about all the opportunity I'm missing out on. What a broken system.
Hi Normie Norm,
Your Online Savings Account has a zero balance, which means you're missing the opportunity to earn money at our high-yield rate of 0.50% APY.
We also want to let you know that we may close your Online Savings Account unless you make a deposit within 30 days of the date of this email.
Protip: "how money works" from the #Bitcoin book list can be claimed for free till Monday on Amazon 👇
I heard about the Lightning Ring of Fire concept on @NunyaBidness podcast this morning.
Anyone interested in trying out a Bitcoin Mastodon Ring? The concept seems very interesting and as a LN noob I'd love to get my hands dirty, seems like a great way to learn.
afaiu, LND itself will only create a single wallet, but LNDHub can allow you to manage multiple (custodial) wallets from it (the LND node owner is the custodian). Found this through: https://github.com/lightningnetwork/lnd/issues/2652
My niece turns 4 next week. She was born the year I fell down the rabbit hole. I decided to give her bitcoin instead of dirty fiat for her birthday and Christmas gifts. The amount I’ve given her has appreciated over 900%. Hopefully by the time she turns 18 it will help give her some degree of financial independence. Bitcoin is the greatest savings technology we’ve we seen.
Need good follows from Bitcoiners who are still active here?
If I forgot you, or you have some please add.
(pls delete these names if you reply)
Current Open Positions:
Sold 2021-03-26 Call $75,000
Premium Price/BTC $790
1.8 BTC mini (0.018 BTC)
Collateral locked: 0.18 BTC
Net Gain: $14.13
Sold 2021-03-26 Call $60,000
Premium Price/BTC $1,425.68
18.8 BTC mini contracts
Collateral locked: 0.188 BTC
Net Gain: $265.21
Trading Options: +26.65%
Buy and HODL: +27.71%
My 3/12 puts expired out of the money so I collected $28.48 in premiums. With the collateral released I had a total of $1038.48. I decided to buy 0.018 BTC at $54,600 giving me a total of .206 BTC. LedgerX settles BTC purchases the next business day so I had to wait before I could sell more covered call options.
Woke up this morning and BTC broke new ATH and by the time my 0.018 BTC purchase settled the price was $61,300. I decided to sell 3/26 call options with a strike price of $75k.
Just a random pleb. Class of epoch 3 ('17-20). Ready for the moon.
Bitcoin Maston Instance