Good movie. And free :)

@npub1xtscy... Damus doesn’t lay back 2 hr movies without a few hiccups on iOS :)

Wait until you have kids. I run at least 50 bulbs more than 16 hrs a day. And my wife complains that I have it all turn off at midnight.

Well this abruptly changed my plans. Sweet.

It all depends on the number of bulbs and hours of use per day. 1-10 bulbs you might not notice. But 100+ and you will, especially at 16+ hrs per day.

This applies to a surprising number of areas of life. Or at least I hope 🤞

Someday people will think you must have been rich to afford to run these!

So you know how there are markets for either borrowing against bitcoin you have (Ledn, for example) or to borrow fiat to buy bitcoin (like what Saylor is doing with STRC, for example)?

Have you ever looked at the equivalent for gold?

Gold backed loans are barely a thing for regular humans. I mean, it kind of exists, but not for personal use. Every gold collateralized loan offer I found was shocking similar to Ledn except with higher minimum loan amounts but with similar term lengths and rates, except the gold lenders required you to at a minimum state that the loan is for business purposes, not personal purposes, and all gold lenders specifically require you to attest that the loan is NOT for the purpose of buying more gold.

I suspect there is something in bankruptcy laws that make a big distinction between funds for living vs. funds for expanding a business. Or perhaps they know people only borrow against gold at exactly the wrong times. I’m not sure.

But maybe bitcoin will eventually fix this weird market too.

Provably true in hindsight and to the extent that past can predict future true in foresight: the two asset win loss probability and size model between bitcoin and stocks (or maybe gold…I forget…it has an eponym which escapes me) only predicts 75% bitcoin as proper exposure.

It’s totally possible.

I do expect that in 10-20 years, bitcoin will outperform gold and we shall see both at roughly the same market cap (0.5-2x). But that’s just a guess based on fitting a simple y=ax^n curve through the yearly data…

Is that Prague?

Which trend? The one where gold crushes bitcoin or bitcoin crushes gold?

But don’t forget, we went from $1 to $30 to $2 to $255 to $50 to $1300 to $200….with such a wildly fluctuating price, it was hard to see the trend.

Don’t get me wrong, a 400x return is great. But getting $1M out of that would have required $2500 initial investment. That was money most in bitcoin didn’t have back then. I’m not saying I spent my $20 poorly, but it wasn’t life changing for a physician in training.