Oddbean new post about login | logout Gm My accountant is encouraging me to "take some money off the table" I need a more based accountant
He doesn’t understand that the Bitcoin table is the Money. https://media.tenor.com/gthc82EIGvYAAAAC/captain-phillips-look.gif
Fire him
I swear to god it doesn’t even enter into these people’s minds the question of “what is the money that I want to take when I’m taking it off the table.” I try so fucking hard to get them to reframe, but it’s the most stubborn mental block conceivable. YOU DONT “SELL” GOOD MONEY TO GET MORE OF A SHITTY MONEY PEOPLE!!
Mate most people don’t even understand frame, let alone reframing, let alone what incentives they might have in any given situation to consider their current frame and opposing frames. You might as well be asking a dog to solve an algebra problem - it’s beyond them.
Well for the sake of argument I certainly don’t *explain* that I’m trying to reframe or make any notion to what that concept even is, i just ask them questions that should make them think about it differently… if they have the capacity to do so obviously. 🤣
It’s not about capacity, it’s about desire to solve an articulated problem. Bitcoiners are too quick to blame orangepill recipients when they don’t get it without consideration for if they got the pain they have implicated in dispensing that orangepill, right. Most likely you’ve first approached with the wrong frame and subsequently failed to bring them into your frame. It’s on us to dispense orangepills - not on recipients to swallow them. We are after all, opposed to coercion. If you articulate the problem being solved correctly for the audience, they will swallow. If you don’t address their pain then they won’t.
Completely agree, and mostly my comments are really just me being exhausted with the skull density of the average person, rather than commentary on a specific conversation 😆
I get it mate. This is my day job talking - taking normies through complicated things which they intuit they want/need, but they can’t put their finger on why or what or how exactly. I always thought there’d be tons of my type in Bitcoin but there’s like 4 of us. But I don’t focus on their skull density; I let them tell me in their own words what that pain looks like and I adapt my spiel/orangepilling to them, and then meet them where they are. Pills don’t go down well when forced. I try to make sure Im never forcing things down their throat and when I have to employ aeroplanes it’s because I know what’s best and they don’t yet but I’m gonna feed them. It’s weird when you get into this position, but after some time you realise it’s necessary.
Honestly, the best orange pill is just being rich. Like most people, I ignored Bitcoin for a long time… then, someone I trust mentioned the then-current $ amount of his Bitcoin position and it got my attention. He didn’t have to discuss inflation, difficulty adjustments or UTXOs… he only had to be rich. This obviously only works in circles of extreme trust, which are quite uncommon.
You were reference sold. That works sometimes, most will want to triangulate that datapoint (usually ~3rd step) rather than trust it alone but sounds like you trusted him enough to “buy” on that alone. That’s not the common experience though. Already rich people are the easiest to orange pill because they already get fiat for the most part; Bitcoiners are just showing them how to stop the bleeding. Reference selling usually only works for small amounts, ie doubtful you put all your wealth into BTC based on hearing just that chat. It’s a good icebreaker, it’s not good for scale.
You are 100% correct. “Got my attention” …not, became a maxi on that alone. I then triangulated with another trusted friend, bought a small amount, learned, bought, learned, bought, learned… The scaling solution is the suite of resources that are now available for those interested in building conviction.
Yes the resources are fortunately there now. I was more trying to paint the picture of average onboarding.
Funny story regarding framing: I once took a friend to pubkey for a beer. He’s big into stonks and was curious about my gains during a week when number went up. After I explained how things worked, he remarked, “Yes, but your gains are unrealized until you cash out!”. I looked him dead in the eye and said, “The beer in your belly was paid for directly from those gains. What’s more realized than beer in belly? There is bo cashing out, just stacking, spending, and replacing”. I think that cleared things up a bit.
So they want you to put more into Bitcoin?
https://i.nostr.build/q6kjZ.jpg nostr:nevent1qqszt5cu33zt72yrlu28dc7lxmjpyr5wgdy05pxhyc8e8n6wac66l8cpz3mhxue69uhhyetvv9ujuat50phjummwv5pzpckv7l8jqspl8u4y54dn9rcduwlrs4v2040nxce0m2h0cunvrj8tqvzqqqqqqyf0t46y
I'm a CPA. I'll be your accountant. "Stack like our economy is failing and eventually government will confiscate your savings in equities. Better yet sell equity and stack more btc. Make sure nonkyc." There 😅 This is professional advice.
He wants you to swap from a deflationary currency with no counterparty risk to an inflationary dumpster fire. Seems just about right for your average accountant spoonfed by professors who were spoonfed by Keynes.
Just don’t have an accountant.
aka sell your best assets to buy other shitty assets
Damn right you do.
I don't think he understands Bitcoin is the table.
I don't think accountants are qualified to give financial advice. Come to think of it, I don't think financial advisors are qualified to give financial advice.
