Most people are caught in a weird place where they want stuff but hate working and thinking about money. Unsurprisingly, this doesn't lead to great outcomes.
This is about the time that we all start thinking about the goals and dreams that we'v had for years coming closer to reality. It's an exciting time because the goal is within reach. But it's also anxiety inducing. Will this goal I have be a disappointment? What will I be looking forward to after this? It's enough that many just don't go through with it.
But here's the thing. In the fiat world, goals are far enough out there that you can chase them your whole life and not get there. So we've become used to being aspirational without actually expecting to achieve what we've set out to do. It's self-deception, to keep us slogging through the fiat grind.
But this is the Bitcoin world and goals are achievable because we have savings that's not debasing. So when we get to that goal, it can be a little disorienting because in the back of our minds, the fiat mentality was always there expecting some disappointment to set us back.
We need to learn to live. This is why we say that you have to learn how to win. It's not enough to get close.
As we embark on another bull run, remember to live and to win.
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#Bitcoin Tech Talk #424
You can basically do covenants by creating pre-signed transactions and throwing the private key away. To my knowledge no wallet has any UI for it and no service advertises that they do anything like this.
Which raises the question, if covenants are so useful, why don't people do what I've described?
Fun is overrated. Yea, it's great when you have it and certainly attracts people to your activity, but it's way too easy to chase all the time.
I think Bitcoiners have learned this lesson. They're seeing that savings lets you pursue something worth pursuing. Goals, dreams, accomplishments.
Sh*tcoiners have not. They're still all about "fun" and doing so in more and more degenerate ways. It went from disrupting Facebook to digital art to financial games to memes. They've run out of "fun" and are in the depths of despair as they start questioning their life choices.
There are a lot of money managers that will keep fighting the last war.
Fight inflation all you want with diversification, leverage and politics.
Bitcoin has no concern for any of those things because it's an order of magnitude better.
If you think about it, every fiat-printing central bank and every company that can issue their own stock or bond is essentially able to print a non-scarce resource to buy something scarce.
Altcoiners knew this in the ICO bubble of 2014-2019 until the market realized that Bitcoin performed much better.
The investment of Bitcoin now by these institutions is going to create a lot of Bitcoin Maximalists in 5 years.
