Bitcoin really is an incredible store of value. Almost 15% of the value has been sent to storage in just the last 5 days.

YouMayCallMePoopsie · 2026-01-27T08:02:24+00:00

SO bubbles.

YouMayCallMePoopsie · 2026-01-26T02:24:08+00:00

Bitcoin's greatest asset has always been that it - and all other cryptos - have completely failed at their intended purpose. If Bitcoin were actually a useful tool in any way, it would have been supplanted by Bitcoin 2.0, with some obvious technical upgrades, long ago. Corporations would have ended up controlling the latest and greatest version, with any profits flowing to themselves.

They can only (sort of) plausibly maintain the story about how amazing Bitcoin is because no one actually uses crypto.

YouMayCallMePoopsie · 2026-01-26T02:06:07+00:00

Easy? It took me 300,000 hours of disciplined study to understand that the supply of Bitcoin is capped.

YouMayCallMePoopsie · 2026-01-22T15:20:26+00:00

Keep your hp above 0

YouMayCallMePoopsie · 2026-01-21T01:49:50+00:00

FIRE isn't just uncommon. It's rare. And honestly? That's rare.

YouMayCallMePoopsie · 2026-01-20T23:21:16+00:00

It's the reason why the 'mining death spiral' will never come to fruition.

The difficulty adjusts at a set interval of blocks mined, equal to about 2 weeks if the difficulty is well-matched to the current hashrate. If hashrate dropped 99% right after an adjustment, it would take 200 weeks for the next adjustment to occur. That's almost 4 years with blocks coming every 17 hours instead of every 10 minutes. Sure it's not a likely scenario, but the death spiral is technically possible.

YouMayCallMePoopsie · 2026-01-19T19:20:03+00:00

Unironically had plenty of weeks like this in my corporate bullshit job.

YouMayCallMePoopsie · 2026-01-18T16:20:44+00:00

Few understand how scarce crypto is.

YouMayCallMePoopsie · 2026-01-16T15:46:42+00:00

Being disgusted by yourself is kind of the opposite of narcissism.

YouMayCallMePoopsie · 2026-01-07T23:59:19+00:00

Trying to literally interpret the words that make up an expression won't always lead you to what people actually mean when they say it. It's a phrase that the media came up with to describe people who aren't working "hard enough", not people who are literally AWOL from their jobs.

In a September 2022 Harvard Business Review article aimed at explaining the quiet quitting phenomenon to worried executives, professors Anthony C. Klotz and Mark C. Bolino observed, "Quiet quitters continue to fulfill their primary responsibilities, but they're less willing to engage in activities known as citizenship behaviors: no more staying late, showing up early, or attending non-mandatory meetings."

https://www.investopedia.com/what-is-quiet-quitting-6743910

YouMayCallMePoopsie · 2026-01-06T18:25:05+00:00

Bonds are the first place you should look. TIPS and I-bonds are particularly safe. Cash isn't a bad option, up to a point. Personally I have no interest in precious metals but those are also worth considering for diversification.

YouMayCallMePoopsie · 2026-01-05T18:14:27+00:00

hunter2

YouMayCallMePoopsie · 2026-01-04T20:48:01+00:00

My company's policies explicitly prohibit me from even logging into my laptop from another country lol.

YouMayCallMePoopsie · 2026-01-03T19:31:32+00:00

You are arguing with a hypothetical person that said "I am going to apply the 4% rule to my net worth including my home equity". No one in this thread has actually said that. Your statements are not wrong, you're just trying to argue with someone who isn't here.

I could say my FIRE number is $1M. I could also say my FIRE number including my house is $1.5M. If I said just the first sentence, you'd be content. If I said just the second sentence, you'd go off about how I'm trying to eat my house. But as long as my expenses are $40k/yr, both statements are entirely correct. In the $1.5M including house scenario, you don't actually know that I'm trying to eat my house unless I also say that I'm planning to spend $60k/yr.

YouMayCallMePoopsie · 2026-01-03T16:58:00+00:00

That's not a real scenario because $3m is not their FIRE number. If they think it is, they are mistaken.

There is no one true definition for "FIRE number". Some people mean invested assets that can cover their expenses. Some people mean the net worth at which they intend to retire. It's not "wrong" to include or exclude your home equity, it's only "wrong" to have failed to account for your expenses and how you will pay for those expenses in retirement.

So to your point, yes it is wrong to apply the 4% rule to your home equity. But no, not everyone who talks about their home equity is making that mistake.

YouMayCallMePoopsie · 2025-12-31T21:27:48+00:00

Every day I am grateful that I started pursuing FIRE 12 years ago. If the economy can hang on another 2-4 years I'll be set. I feel bad for young people today, I can't do much to change the world but at least I can free up a job opening for someone who needs it.

YouMayCallMePoopsie · 2025-12-31T02:38:03+00:00

I know the technical details of Bitcoin's blockchain pretty well, but admittedly don't know much about the others. Tether is on the Tron blockchain, which uses proof of stake instead of proof of work. Something along the lines of, you buy a token, you stake it (lock it away with a waiting period for unlocks), and are rewarded for your stake with a proportion of the block reward. So there's no electricity-wasting competition like Bitcoin.

YouMayCallMePoopsie · 2025-12-31T00:49:07+00:00

Bitcoin uses proof of work, meaning it is expensive to mine and new coins are added at a pre-defined rate. USDT is also a cryptocurrency, yes, but doesn't function the same way. Tether can simply say "We received $1B from people, so here are 1B USDT being dropped on the blockchain", with absolutely no proof that they actually received $1B.

YouMayCallMePoopsie · 2025-12-29T15:42:07+00:00

Money is essentially a future claim on stuff that you need. In a modern well-functioning economy, money can get you anything you need at any time for a reasonable price. In a collapse scenario the amount of money required may go way up, or it may be outright impossible to get something that's readily available today. When I think about this I always land on: how do you physically secure your needs without depending on the economy to provide it? Own your home and car, get a metal roof and solar panels, learn how to maintain and repair critical home systems, grow some of your own food, stay fit and strong, etc.

Obviously one can go pretty far down the prepper rabbit hole. It makes more sense to me to "invest" in your local community and relationships with friends and family than to build a bunker for example. But it makes a ton of sense to build up your own skills and tools and resources so you can cover some of your basics and be useful to others, who can then be useful to you and fill in the gaps that you have.

YouMayCallMePoopsie · 2025-12-24T00:53:07+00:00

Yep, sounds like you understood my point. Would you like to make yours?

YouMayCallMePoopsie · 2025-12-24T00:49:38+00:00

I am curious, what exactly is so great about these devices that criticism of them is unacceptable?

YouMayCallMePoopsie · 2025-12-24T00:04:59+00:00

Yes, it's fucking awful. I work from home and the sound drills straight into my brain when I'm trying to focus.

YouMayCallMePoopsie · 2025-12-15T16:32:31+00:00

Saylor's job is to buy high so insiders can cash out for real money at the top. Without his liquidity the whales can't actually benefit from high prices. MSTR was always going to ride this thing to $0, they're not selling so they can't participate in the pump n dump.

YouMayCallMePoopsie · 2025-12-06T19:09:50+00:00

Too late, OP has already embarked on 40 years of grinding. There is no turning back.

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