#gold stashed in a vault is backed by #gold stashed in that vault !
#bitcoin is backed by #Bitcoin (live) power consumption = World TeraHash x Bitcoin Average J/THash
= 789,507,926 x 19.2 = 15.2 GW
What would you buy ? #askNostr…
It is way more profitable to buy and sell commodities than stocks but you couldn't hodl commodities ... most commodities perish and those that are not are stolen #gold ..
#bitcoin is apex commodity because not only it is most profitable buy and sell, it is also most hodlable commodity
And you always have money to invest because #zaps remove all entry barriers ..
Zero acquisition cost - thanks to #lightning
you can get 1000 #sats for a dollar - no minimum threshold ... Unlike #gold or #art
no political jurisdiction - unlike equities
#bitcoin is for the rich ..
#Sats are for the #plebs
Network…
If you advise people in terms of a kilo of #gold - will they ever think of buying a cup of coffe with it ? #askNostr
And here is the non-financual advise :-)
If you talk about #sats - the next question is how do I sell coffee with it
And the answer…
When you take into the realm of God , do you need to delete your Facebook ? Or convert all your money to #Gold ?? #askNostr
You just show up , leave everything as is . Work in #nostr , earn in #bitcoin and start a new life ..
Time to close everything is far greater drag…
Today's peg
One #sat = 0.01 mg of #gold + fees
#Gold = $83400 per ten million milligrams.
#bitcoin = $93,400 per humdred million #sats
Is my math right ? #askNostr…
Simple math
Global assets in USD = 720 Trillions
Leverage = 10x
Actual Value = 72 Trillion = #Bitcoin 36 + #Gold 36
Transition Decade = 2024 to 2034
Growth = #Bitcoin : 18 x ; #Gold : 2x
What will you choose #askNostr…
Did we not progress lot faster after breaking dollar away from #gold ? 1971 !
If not , who would want to go back and live in the sixties ?
Remember you will need to give up your cell phone , internet , iPad , Tesla , solar roof and you would have the horrors of world war…
BRICKs led by China and Russia want to launch a token for their internal trade .. codenamed "UNIT" .. it is likely backed 40 % by #gold and rest collective with their currencies ..
Does it mean US must offer a better Dollar backed by #bitcoin ? #askNostr - at least 40.0001 % :-)…
What is a balanced portfolio ? #askNostr
#finFreedom
If you are renting - first buy a home - there is nothing like having a place that you can call yours even if it is a mortgage ...
remining savings
30 % #bitcoin - self custody or exchanges or ETFs - whatever your comfort level
30 % in #gold…
The global % of assets value representats how many people believe in the asset ..
For example - if land is fifty percent of global assets - it means fifty percent of global population believes in land .. as a primary apex asset ..
If gold is one percent - 10 trillion out of say 1000 trillions…
Click menu for bitcoin, nostr , gold and AI specific questions.
Curated by npub.pro ... with the help of my #nostr friends who so eagerly answer any question you throw on them - thank you nostriches !
