It's literally the worst of both worlds - climate change and fossil fuel consumption continuing to accelerate but I don't even get to use any of that power to watch TV It's like some ironic planet from Star Trek
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I had to have a long, long think and I finally realize that he's claiming Bitcoin stops plastic consumption by making people not want to spend money, which is absolutely spectacular.
1 reply 0 retweets 20 likes -
Replying to @mary_pezzulo @arthur_affect and
Like every single time they're interviewing a person who randomly made a million dollars with Bitcoin on the news, what did that person do? THEY BOUGHT A NEW CAR AND A HOUSE. It's money. You spend it.
2 replies 0 retweets 14 likes -
Replying to @mary_pezzulo @arthur_affect and
You obviously never owned bitcoin. Bitcoin only increases in value, it doesn't make sense to spend it. The opposite is true for fiat money. Why do you think central banks around the world desperately try to create inflation? This is explicitly meant to *increase* consumption.
6 replies 0 retweets 1 like -
Replying to @lost_dogz @arthur_affect and
I'm sorry, if I had a million dollars, I would move away from my slumlord and buy a nice house in Squirrel Hill ASAP. Even if I was gonna have two million tomorrow. I wouldn't spend all of it but at least half.
1 reply 0 retweets 9 likes -
Replying to @mary_pezzulo @lost_dogz and
Right, whoever has actual pressing financial needs gets punished for their "high time preference" and whoever is already happy and comfortable gets rewarded for their "low time preference" Rich get richer poor get poorer
2 replies 2 retweets 23 likes -
Replying to @arthur_affect @lost_dogz and
Don't get me wrong, it would be awesome to have a nest egg. But living in poor polluted Northern Appalachia where everybody is desperate, my priorities are 1) get out of here, 2) save a few of my neighbors who also can't afford to leave, 3) maybe then a nest egg.
1 reply 0 retweets 9 likes -
Replying to @mary_pezzulo @arthur_affect and
The best advice I can give you is, sincerely, to start saving in bitcoin. Start small, educate yourself, and don't be distracted by short term volatility I'm still perplexed to this day how this changed my time preference.
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Replying to @arthur_affect @lost_dogz and
It's very similar to how the MLM huns talk.
1 reply 0 retweets 5 likes
I could give this exact lecture about "time preference" for investing in any dumb shit, from penny stocks to gold coins to POGs
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Replying to @mssilverstein @arthur_affect and
Why would you get a non liquid asset when you can also get an extremely liquid asset (24/7/365) such as bitcoin, which as an added benefit can't be printed into oblivion >25% of USD that has *ever* existed was printed in the last 12 months
0 replies 0 retweets 1 like - Show replies
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Replying to @arthur_affect @mary_pezzulo and
You're talking about investing. I'm talking about saving. There's a big difference.
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