I have always wanted to quit my job and work for myself, but this has been an intimidating goal.
When you leave fiat world, it gets so much easier. You dont even need to earn that much. If BTCβs purchasing power keeps growing the way that we know it will, a very modest inflow of sats today will pay for your lifestyle tomorrow.
An increase in the supply of a good does not reduce the utility of that good. For example, the functionality of my car is not reduced when the auto manufacturers build more cars.
An increase in the supply of money, however DOES reduce the utility of the money. When the Fed prints more money, my dollar loses utility.
Progressives have erroneously flipped this. They attack β the richβ for acquiring goods/services even though it has no impact on their quality of life. They are silent, however, about the expansion of the money supply, which demonstrably reduces their quality of life.
Guns, Guns and Steel goes into great detail about why certain societies have thrived and others have been conquered. The main takeaway is that geography is probably the main driver.
While useful, this book is explanatory for times when property is largely physical/tangible. It does nothing to explain or even anticipate a time when property is digital. When property is digital, it doesnβt matter who has the horses, who has the gunpowder, and who has the domesticated animals. What matters is whether you possess wealth and influence in the powerful domain which, as Bitcoiners know, is transitioning to cyberspace. Praise Guns, Germs, and Steel for its explanation of the past, but be skeptical of its predictive power going forward.
#bookstr
