Ah man. I had the same thought about Cardano a few years back. I lost a lot of money on Cardano but thankfully I saw the light and educated myself on Bitcoin. Haven’t looked back since!
Morning all Bitcoiners! Gresham’s law is currently in play allowing you to spend inferior fiat whilst stockpiling the good stuff (#bitcoin ). That makes you incredibly fortunate since today you can accumulate way more bitcoin than people will earn in the future - earning it will be the only way to obtain it then. Therefore, whatever the fiat price is doing, just be thankful that history puts you in a place where you can obtain a lot of sats for relatively few dirty pieces of paper!!
Stay humble and stack, whatever you can manage. Much love people.
I first bought bitcoin at the height of the 2021 bull run. Then i watched in horror as it went from $64k to $17K.I then learnt about it, getting fully sucked down the rabbit hole. I didn’t panic. I found every way I could to accumulate more sats at the lower levels. I’m juggling my fiat constantly but I still haven’t sold a single sat nearly 3 years later!
When I first heard @Jeff Booth say that people who are trading their time for fiat money are merely trading it for pieces of paper, it hit me like a bolt out of the blue! It’s insanity that people are blindly still doing this. No judgement though, as being brainwashed by a system you’ve only ever known is a powerful phenomenon and it takes a lot of education, thinking and courage to follow a different path.
For me it has come down to this simple question. Do I want to use a dishonest ledger or do I want to use an honest one. The latter every time #bitcoin #freedom
I’ve been thinking about Bitcoin security, particularly single sig vs multi sig. I personally have a single sig set up. I was thinking about dividing my 24 word seed phrase and giving each of my 4 trusted family members 6 of the words for safe keeping. That way I don’t have the technical obstacle of educating them about multi sig, which is much more involved than single sig. If someone discovers the hiding place of my seed phrase, they will only have a quarter of it and therefore won’t be able to gain access to my funds. Thoughts?
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