Was listening to a Scotia-wealth advisor today. He manages the money of a close friend of a mind. My friend told him she wanted to allocated 5% of her portfolio in Bitcoin.
He then went on a rant saying how Bitcoin was for gamblers and low net-worth individuals looking to bet. Told her to go to a casino instead.
You couldn’t even reason with the guy because he kept assuming bitcoin was an NFT.
The conversation ended with him telling her that if she wanted to buy bitcoin, she should do it by herself because he wasn’t going to touch it.
You really reach a point where you don’t even want to talk to people like him. Truly shows how little their understanding of the world is.
There’s no point in focusing so much on bitcoin education, when most wealth managers can’t even grasp the concept of money.
Btw my friend is in her early 40s, so she’s not some old hag looking to buy T-bills.
It’s a pandemic of ignorance here in Canada. I had a similar conversation with one of the wealth managers over at RBC.
Same bullshit comebacks “it’s for gamblers”, “people looking to get fast returns.”
Hope the wealth managers in your country are better.
@linaseiche todavia vives en El Salvador?
I was there recently and I noticed the bitcoin adoption was pretty much inexistent. And by that I mean people actually using bitcoin.
I even hired a lawyer during my visit there, and while she listed bitcoin as payment method, she told me she would much rather receive USD as payment.
Wanted to know your thoughts on this matter? Que opinas Lina? Estuve en San Salvador btw
I should probably clarify that when I say sober I mean from cannabis,
Never in my 26-years of living have I ever consumed a hard drug. To be completely honest, I don’t think I’ve ever seen one.
I’m not fond of alcohol either. My brain was never interested in the funny juice.
But oh lady cannabis, how I enjoyed my time with her. So long now. I wasted enough time chilling and eating snacks.
My two cents:
I deleted all my social media accounts back in 2019, except for twitter.
However, this year I was able to finally get rid of it.
It was hard the first few days not getting that instant dopamine release twitter gives you, but oh let me tell you it is worth it.
The biggest thing is that you make peace with boredom. And secondly, you start noticing the better things about people when a little algorithm is not dictating your sense of reality.
Best of luck on your journey.
Not so much related, but I wanted to tell you that leaving this online-dopamine-hit cycle was the best thing I did for my health. I deleted all my social media accounts back in 2019, except for twitter.
This year I made the decision to actually remove myself from twitter because I noticed how enraged certain posts from my feed would make me feel.
Little by little, I was projecting that rage onto the real world. I realized I no longer wanted the online world to interfere with my physical reality.
I guess what I’m trying to say is that no matter the opinion (positive or negative), the amplification of it, will eventually warp our sense of reality.
After the first few months of being completely cut off from social media, I started noticing more the kindness in the world. I also noticed how comfortable I became with boredom.
Regardless, this is not related to your op, but I wanted to share what worked for me and hopefully will work for you.
Are you a dev? Looking to hire someone to help me with the back end of my wallet app. I’ve completed a good amount of the heavy lifting, I just don’t want to do the processor piece alone
Working on an app that mimics a chequing/savings account, where the savings sats are accumulated through mandatory weekly DCA, and the spending sats are calculated by the accrued value in fiat terms of each savings transaction. In theory, there would be weeks where the app allows no spending sats (provided that the savings sats to not accumulate in fiat value)
And just like a regular chequing/saving account the app collects a monthly fee
Looking forward to a conversation in the near future, not related to this project @ChipTuner
I know we all have free will, so I’ll exercise mine right now to express my opinion
I automatically think less of a person when they pay for twitter
And yes I know I shouldn’t think like that. Perhaps in the future I will reach that level of maturity
I just can’t help it you know? To be fair, I do give Starlink a pretty penny each month for my kit
So I guess I’m in the same hole as the dum dums that pay for twitter🤟
At least my node will keep running in case Canada pulls a Bangladesh
For the last 6 months, I’ve been grieving the loss of my partner. The person who I thought would be the mother of my children. It’s been tough man. Sometimes the only thing that makes me excited now days is working on bitcoin.
I’ve been designing the back end of a wallet that acts as a savings AND spending account.
In theory, the saving sats are done automatically on a weekly basis, and the spending sats are calculated by the unrealized G/L per transaction. So yes, in some weeks, the wallet won’t have spending sats if the saving sats don’t accrue any in fiat value.
Bitcoin maxis (majority) are idiotic. They don’t run a node, over half don’t even know what a mining template is.
For example, my entire net-worth is in BTC, yet I still worry about all the things that can and *will* go wrong at the protocol level.
Why did we make non-technical maxis the face of the movement?
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