I'm grateful someone was willing to sell me some #bitcoin.

#Bitcoin is the first and only money ever.

Well, I didn't say this was a very serious strategy, but if it were then all the apes 🦧🦍🐒 would need to go look for the proper collateral. For example; Short fiat with a mortgage, collect rent on the property to service the loan, short fiat by buying bitcoin. Double short!

Hahahaha 🤣

If every HODLing Bitcoiner would get a loan at their own capacity today, to buy bitcoin with it straight away, it would send Bitcoin to $200k-$500k overnight. They could then liquidate a small portion of their #Bitcoin to settle the loan with. Rinse and repeat. Absolute scarcity is a monster fit only for real apes 🐒 It would require discipline and coordination, not ape like mayhem.

This is simple ape like financial advice for fellow apes, a thought experiment for very rudimentary thought capacity: Get a loan, borrow $100k @ 5% interest Keep $40k in a separate account so you can pay the interest for 8 years. (8y X 5% X 100k = 40k 🐒) Buy #Bitcoin for the remaining $60k Wait. Don't spend the money you set aside for servicing the loan. Don't spend the bitcoin 🐵 Check the price after 8 years. Celebrate.

Why the fuck would anyone ever hold that up with their hand.

Everyone with half a mind started shorting dollars at a certain point, whatever the asset or commodity of choice. First principle: every unit in a credit system is credit owed to someone. Which means that every unit is owed with interest, which means the interest needs to be newly introduced into the system to maintain the debt. Interest is the natural growth rate of fiat. The extra money to pay the interest does not exist yet → it must be created by someone else taking on new debt. This is exponential decay, it is exponential because a percentage, no matter what the percentage is, is added every year to service the debt. This exponential property of fiat is mathematically absolute, totally glossed over by most economists, and only requires you to buy some #bitcoin in case it catches on.

shit is fine

😆