Every year you get a 7% pay cut, because that’s how much the money supply increases which devalues what you earn. It’s unjust and unsustainable. During Covid you got a 30% pay cut.
I was saving to start a business during Covid, and was really discouraged because I felt like 👇
@JoeCarlasare I think the expected value of hodling is massively higher than betting the 4 year cycle will continue. But I also see value in trading. 90% hodl, 10% trade
@sweatystartup If $200k of a $300k home value comes from the building itself (vs the land), how much is it worth when you can 3D print a $20k building on the plot next door?
Where’s the buyer that wants to pay $300k when the house across the street is BETTER and costs $120k?
"Bitcoin isn't backed by anything."
Let me stop you right there.
Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.
Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.
The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.
The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.
Now let's talk about what is backed by nothing.
The dollar.
It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.
In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.
"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.
Follow if you're serious about building wealth they can't print away.