Oddbean new post about login | logout I don't want to wake up at sixty-five and realise that my seventy thousand plus hours of life, working a nine-to-five, have been devalued by inflation bc some central planner has enriched himself and his mates. Go f* yourself. #Bitcoin is insurance against government theft.
Você não quer acordar aos 65 anos e descobrir que seus mais de 70 mil horas de vida, trabalhando em um horário de 9 às 5, foram desvalorizados pela inflação porque um planejador centralizou a si mesmo e seus amigos. Vá se foder. #Bitcoin é seguro contra roubo pelo governo. Translated with https://venice.ai
I always invested as a savings oriented person. Just vanilla S&P 500 and bond index funds starting in the 90’s. It allowed me to tread water against debasement. New nothing about how money really works. Thought I was getting better off financially. Tough pill to swallow after discovering bitcoin that I was running in place. Fate smiled on me and allowed me to go down the rabbit hole. Can’t change the past but the future is filled with Hope and peace. #Bitcoin saves!
This. My father passed away in his early sixties before he even had a chance at retirement. To this we can add that the social security system is a scam - gen X and future generations will not be able to exist, and certainly not independently with their dignity in place, on government handouts. In the face of the threat of CBDCs, which are programmable coupons that can be restricted in any manner imaginable, Bitcoin is the only chance of permissionless hard money that cannot be debased. I wrote a short program that calculates the loss of purchasing power over a 45 year career. If the taxrate was zero and inflation was "only" 2% per year, the loss of purchasing power on savings is ~35% over a 45 year career. Below is a visualization of 6 examples of how savings are impacted by taxes + inflation on a year-by-year basis. After 45 years of work, the savings from the first work year might have lost 96%+ of its purchasing power. https://image.nostr.build/5d5a6d70d01d34df73297e4ae75196ce39a3f3a64560a1939ea7ea2f69880df2.jpg https://image.nostr.build/1d81d64c1986bf407a521e0dcf9e088618a4df59df263292936efbad331c7c9a.jpg https://image.nostr.build/0902852ae0f7e4977115bda795a64bc9075962e7c7701cd20596d6e9c9594972.jpg https://image.nostr.build/29e105b5087f3106e6d507f77721cd326a57276beadf7529ce815821cf1f7207.jpg https://image.nostr.build/29574cf22bdebbcd6611481a43f3e06d35ec36b5acad993f89ca90d64be341b2.jpg https://image.nostr.build/25a5908a9f44ba4872e45783763432832f78b86e0cfb0f00ce5f5fa40ae8fced.jpg
