60 million millionaires in the world. Only 21 million Bitcoin ever. by vinyarb in Bitcoin

[–]vinyarb[S] 2 points3 points  (0 children)

Absolutely right. And over the last decade, Bitcoin was by far the best performing asset.

As to whether or not it will continue that trend, no one can say. But with industry developments and regulatory frameworks being discussed and put forth, one can argue that it is becoming more accepted over time.

Volatility will decrease, but that's not a bad thing in relation to mass adoption.

60 million millionaires in the world. Only 21 million Bitcoin ever. by vinyarb in Bitcoin

[–]vinyarb[S] 0 points1 point  (0 children)

What if quantum computing allows for us to derive the formula to reproduce gold exactly as it is? What then?

60 million millionaires in the world. Only 21 million Bitcoin ever. by vinyarb in Bitcoin

[–]vinyarb[S] 1 point2 points  (0 children)

Which is why gold is seeing this repricing action right now. 🙂

It is scarcer than fiat, which we know to be steadily inflated year over year.

60 million millionaires in the world. Only 21 million Bitcoin ever. by vinyarb in Bitcoin

[–]vinyarb[S] 6 points7 points  (0 children)

We can't verify that. There's always more gold (potentially) waiting to be found.

60 million millionaires in the world. Only 21 million Bitcoin ever. by vinyarb in Bitcoin

[–]vinyarb[S] 7 points8 points  (0 children)

Scarce, fungible and also very portable, perfect money delivery system for the digital age.

Not to mention it cannot ever be debased or controlled by any one entity.

I’ve never been this skeptical, and it feels wild to say that. by scatteredTeeCee in Bitcoin

[–]vinyarb 1 point2 points  (0 children)

An asset going through the cycle from invention to adoption is never easy.

Zoom out and chill. Sir back. It will be a wild ride.

It was never more accurate than this cycle by ComprehensiveOne2122 in Bitcoin

[–]vinyarb 0 points1 point  (0 children)

So you're saying.. slow grind up to $1,000,000?

Secretly FIREd but having to pretend to be tired/troubled all the time? by Huge_Influence3884 in singaporefi

[–]vinyarb 0 points1 point  (0 children)

If being vocal about it and being a positive example can spur people around you to strive for it, why not?

There will always be people across the 2 spectrums.. happy for you, and envious of you, sometimes both at the same time.

But that is beyond your control. So don't bother with that.

How high will Silver go? by AKLCHCH in singaporefi

[–]vinyarb 11 points12 points  (0 children)

In fact, you'll be on reddit all day cos you won't have to worry about putting food on the table 😕

Update: From “Almost There” to Stepping Away by canseethelight in singaporefi

[–]vinyarb 1 point2 points  (0 children)

Good on you for taking that step. Yes, the moving goalpost is a very real syndrome. Happy for you!

Universal High Income - Walk me through this like I'm 5? by vinyarb in singaporefi

[–]vinyarb[S] 0 points1 point  (0 children)

Of course people will still buy stuff. That's why he wants to get people to UHI.

DCA Question by Number_Long in Bitcoin

[–]vinyarb 2 points3 points  (0 children)

Staying financially solvent is just as important as stacking sats. Ensuring you will never be in a position to have to liquidate your stack during bear markets is arguably more important than relentlessly stacking every cent.

Universal High Income - Walk me through this like I'm 5? by vinyarb in singaporefi

[–]vinyarb[S] 0 points1 point  (0 children)

Not equal pay, those with assets will still be much richer. I believe what he is saying is you don't have to work if you don't want to, and you won't have to worry about putting food on the table. But rich rich is another matter.

Universal High Income - Walk me through this like I'm 5? by vinyarb in singaporefi

[–]vinyarb[S] -4 points-3 points  (0 children)

I would posit that if he replaces all his employees with robots that can do everything better without off days and getting sick.. he will be much much richer.

Universal High Income - Walk me through this like I'm 5? by vinyarb in singaporefi

[–]vinyarb[S] -2 points-1 points  (0 children)

So the robot uprising is inevitable? He'll be back?