Oddbean new post about | logout
 Money is never lost, only transfered. 
nostr:nevent1qqszhfya2xvhhcw7ure2mpxt84qre7lsewe8mdahdnc6g492rh5hfxgpzamhxue69uhhyetvv9ujuvrcvd5xzapwvdhk6tczyr2f4ypr5gwm5xeusvrv5d5m7vjrmz6yhrctd5gevcrl0vyep75d7qcyqqqqqqgslfgla 
 Fuck 😠 
 *except when people pay back loans made in the form of deposit account balances. 
 Transferred or revalued. 
 The first law cannot be violated. 
 Biiiiiiiiitcccooooooiiiiiiiin 
Yes so yummy 
 And typically from bottom to top 
 Like energy. It’s the Money Conservation Law, stupid! 😅🙌🏻 
 *monopoly money 
 yeah, because I definitely lose money from my reoccurring boating accidents. 😂 
 Except when you lose your private key 🫣  
 Nope, even that.
nostr:nevent1qqsp7pp2cgzlm786fg6un3reqm4f26x35s5f2auf5nxz2axjjqj8keqpr9mhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmd9upzpp6hqeru5wm4f8nxedkyhwx3jl6meyw7ww6cavddu7xgmh2la3ltqvzqqqqqqyf9m689  
 I am willing to bet at least a milly sats that I could lose money at least in 5 different ways 

https://m.primal.net/KcTb.gif
 
 If money represents value, and value is created by expending energy, then this is just simply conservation of energy.  
 #Fiat currency's endless printing cycles merely redistribute wealth, not create it, the grand #illusion of prosperity, the grand party of the 1%. #scam 
 I like the analogy to energy. Energy is never lost, only transfered.  
 Yes, true. The saying also goes "
Wealth is never destroyed, it's only ever transferred". 
 Or it is simply devalued 
 What’s the safest cold storage device to use ? Please help #asknostr 
 maybe MK4 or Q but I don’t tried it yet 
 Probably jade diy. Or Bitcoin core on air gapped computer. There's no point to ask this question though because you need multisig if you don't trust your device 
 Money has no owners, only spenders.