G Man

[The ₿itcoin Therapist @TheBTCTherapist]

This is one of the best explanations on inflation by a politician that I’ve ever heard.

This is Pierre Poilievre. He is expected to be Canada’s next prime minister. He is also pro Bitcoin.

We are winning.

[G Man @gmbrackin]

@SeanODowd15 100%. Just have to remind them that reinvested or not, that income is taxable if the Fund doesn’t have enough depreciation to offset it. Will need cash available when it’s time to pay taxes.

[G Man @gmbrackin]

@jasonjosephlee Math is hard.

[Saifedean Ammous @saifedean]

Happy bitcoin halving day!!

For the first time in history, humans have a form of money whose supply increases by less than 1% per year.

This is a big deal because the hardness of our money is a control knob for our time preference: the degree to which we discount the future. The harder the money, the less its supply increases, the better it holds value into the future, the more it allows you to plan and provide for the future, the more you are able to curb your base immediate impulses in favor of rational future orientation.

All human progress and civilization is intertwined with us finding harder moneys. From cattle to salt to seashells to metals to precious metals, we've constantly progressed by moving to the harder money, allowing us more reliable ways for providing for the future, making us more future-oriented. This culminated with gold becoming the whole world's only money by the end of the 19th century, with annual supply growth of ~2%. Everyone on Earth could save in gold without fear of inflation.

A century of human catastrophe followed when governments banned the monetary use of gold & replaced it with their fiat credit, whose supply increases at ~14% per year. Saving became unattainable and the future more uncertain. Time preference rose as people became more present-oriented, and governments had infinite spending power at the expense of their serfs. Wars became longer and more likely with governments able to rob their citizens effortlessly to finance them.

Bitcoin fixes this. Not only does bitcoin allow us a form of money outside government control, it's also the hardest money to ever exist, making it the most advanced form of money ever, better than even gold. No matter what happens, you can be sure your bitcoin will never be diluted by more than 1% per year.

I discuss these ideas in more detail in my books:

The Bitcoin Standard: https://t.co/KxUygWRRHT

And The Fiat Standard:

https://t.co/GYbEWTNqpZ

[Vivek Sen @Vivek4real_]

One of the best videos about what is Money and #Bitcoin

This should be taught in every school.

[G Man @gmbrackin]

@K_Agarwal24 This isn’t Lake Michigan?

[G Man @gmbrackin]

@calmDonDraper @ThePromoguy123 World Series > more World Series > daily specials

[G Man @gmbrackin]

Fitting ticker.

[unusual_whales @unusual_whales]

Home buyers will be able to put as little as 1% down as payment for a home under a program launched by Rocket Mortgage, $RKT.

[G Man @gmbrackin]

@Levijameshere Do you use JS for asset level reporting, or keep any asset level data in there? Or just Fathom FS?

[G Man @gmbrackin]

@drippedIRR I’ve only seen this on one deal, usually just IRR. Had to adjust the model to read both. Depending on the hurdles, I feel like IRR hurdle would be more accretive to the GP developer if they are crystallizing promote immediately after development.

[G Man @gmbrackin]

@MultifamilyMad Bowtied?

[G Man @gmbrackin]

@TheRealEstateG6 Do you use the same spread over cap rate for different real estate classes? 200bps over cap rate for Class A and Class C as example? Logically I’d think you’d want a larger spread the higher the cap rate/ risk.

[G Man @gmbrackin]

@fefemon96 😤😤

[G Man @gmbrackin]

@OmarMoraIes 😂😂

[G Man @gmbrackin]

@adnriyy @BowTiedSalesGuy @BowTiedOpossum @BowTiedTikTok @BowTiedSystems NGMI

[G Man @gmbrackin]

@MultifamilyMad After seeing what rates have done in 2022, I’ll never touch floating debt. Others will not learn / forget, and get burnt in the future.

[G Man @gmbrackin]

@BowTiedBull NOSTR thoughts?

[G Man @gmbrackin]

@RealBrianFox Tall energy

[G Man @gmbrackin]

@cooltweets_cum @JShull11 Ngmi

[G Man @gmbrackin]

@theOGkatieg Still waiting on mine. Could have recovered from covid 3 times over by now.