Oddbean new post about | logout
 Nah thanks mate, I don’t need to go gambling with #bitcoin, I have a “good work pension”.

Ok then, let’s run the numbers

Contribute 8% with tax relief and work adds another 12%

OR You use 8% of your after tax income to buy Bitcoin.

Yes, even when starting a year later and not engaging in the fiat pension Ponzi scheme, you have 36% more in your pot and only 22% less if you started 2 years later. And this pot is YOURS.

Switching straight to #Bitcoin in 2018 would mean your pot was 83% bigger. For the work pension to match that they would have had to contribute an additional 25% of your annual income to your pension along with your 8% contribution. & where would that money come from? Others in the system, because it’s a ponzi! https://image.nostr.build/f4550fc6f4c2da63b5f74499d551cb7208eb308059e4b8dcde1ce530f675ae73.jpg  
 Also, the rules of access to said pension can be changed on you at any time...

It's not real. 
 This is the math that made me stop contributing to my retirement accounts. If I am saving up for "retirement", what if I want to retire early. Saving in  Bitcoin means never having to ask for your money to live the life you want to live. Not some prescribed retire at 70 BS boomers came up with.

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