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StackSatsSkiFast profile picture
StackSatsSkiFast
@StackSatsSkiFast

Bitcoin only plebian and truth-seeker looking for other orange lensed individuals to connect with.

Constantly chasing the orange rabbit down the rabbit hole, still haven't found the bottom.

Nomad living the van -life. Typically found somewhere in the Colorado Rockies skiing or building cool things in the physical world.

npub12jyk03axsjw5yz4ktpuzj0zjfu82kmdfheug8sqj03ncnmc2maxs3elvcmnpub
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Recent Notes

TFTC · 1d
Bernie Sanders responds to Jeff Bezos: "What they are saying is you raise my taxes in California, I'm leaving the state. I'm gonna shut down my company and you're gonna be unemployed." "That's not a ...
 StackSatsSkiFast profile picture
StackSatsSkiFast @StackSatsSkiFast
Absolutely hilarious that any politician considers leaving the state where taxes (legal extortion) are levied is a form of extortion.

The political apparatus is getting harder to control us, voting with your feet is effective now, but may be harder and harder to do in the future. Prepare your plan B

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StackSatsSkiFast profile picture
#Bitcoin #LEDN #Btcloan

Good morning fellow Nostriches!

I have a question for any of you who have done a Bitcoin backed loan.

First and foremost, the idea of parting with ANY Bitcoin right now fills me with a ton of anxiety (as it probably should).

Is anybody willing to offer their insights on BTC lending ESPECIALLY if you have experience?

Am I thinking about this properly in that taking an over-collateralized loan out (12 months) could buy me enough time to allow my costs to drop (in BTC terms) enough to reach my comfort zone, or am I being unrealistic?

Details about my situation:
I'm 99% allocated to Bitcoin.

I was planning on taking some off the table later this cycle to upgrade my living situation.

I just found out I'm going to be a father and I need to do the upgrade sooner than initially expected.

The upgrade at current prices would cost about 18% of my stack for a budget version.

I had become comfortable with the idea of spending less than 10% to make the upgrade happen.
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StackSatsSkiFast · 60w
In addition, I'd like to add that the idea of sending 40% of my stack somewhere REALLY gives me anxiety. My biggest ask is what company do you trust the most. Bonus points if you've used them yourself.
StackSatsSkiFast · 60w
Last addendum: I cannot get a conventional loan for the upgrades I'm doing as I'm investing in my "wheel-estate" and banks won't consider my upgrades as collateral.
Jameson Lopp · 73w
7 years ago today, Mr. Money Mustache published his article entitled "Why Bitcoin is Stupid." BTC was trading at $15,000. Last year he added some fresh cope. https://image.nostr.build/8dad85c285bfda...
 StackSatsSkiFast profile picture
StackSatsSkiFast @StackSatsSkiFast
As somebody who read his stuff ten years ago and had a lot of respect for how he basically jump started the community for FIRE, I feel bad for him and his family. BDS seems to be a common occurrence among people like him. Let go of your ego and learn about money. Don't be like Mr. Money Mustache...
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BTCrevolutionary · 73w
100 especially with Trump in office again, it’s going to ramp up significantly