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₿ Raider
94.9K posts
₿ Raider
@BitcoinRaider
₿itcoin class of ‘99. Vet.
Katılım Şubat 2015
9.1K Takip Edilen69.5K Takipçiler
@simpleminingio tell me this again like im a retard and sell me some miners
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Section 179 lets you deduct the hardware in Year 1.
Most people stop there.
What they miss: the electricity bill is a fully deductible business expense every single month.
$1,350/month in hosting fees at $0.07/kWh. Deductible.
$16,200/year in power costs. Deductible.
Every year the machines run.
The hardware deduction is front-loaded. The electricity deduction is ongoing.
A business owner running 5 S21 Hydros for 5 years deducts the full hardware cost in Year 1 and $81,000 in electricity across the life of the fleet, while the machines produce Bitcoin the entire time.
The IRS didn't create this for Bitcoin miners. It created it for any business that runs equipment and pays for power.
Bitcoin miners just happen to be running equipment that pays them back in the scarcest asset on earth.
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I have been in Barranquilla 🇨🇴 for three days now talking with the government, companies and universities and me and my colleagues are in love with this place:
- Explosive FDI exploded 130% to $602M which makes it #3 in LatAm
- Colombia’s golden port + nearshoring rocket
- Amazing surfing and kite surfing hub
- Pure Carnival soul ( Like Rio carnival but in Colombia)
- Magdalena riverfront boom
- Very authentic “costeño” life
- 83% cheaper rent than Medellín
- Great higher education with top global high quality universities like @UniCostaCOL
This is one of the smartest capital allocation + highest-quality life play right now
The wise money is already positioning
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@BitcoinRaider Don’t think so mate, skill issue
BowTiedMara@BowTiedMara
$8 USD/kg Dudes whining about meat 🥩 prices in Argentina 🇦🇷 should get a bigger freezer
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Is Argentina 🇦🇷 expensive in food and beverages vs other countries? It depends.
With regards to bread 🍞 Argentina is more expensive than 56% of other countries, for cheese 🧀 Argentina is one of the cheapest countries.
Only 22% of countries sell cheaper white rice, and in mid-range wine Argentina is ranked 86th in the world (from expensive to cheap).
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@graemelamperson The point was the broader pattern, not the venue. Premium coworking in the nicer parts of Bogota has crept up significantly with the influx of nomads. The prices follow the demand regardless of whether the local economy justifies them.
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Just walked through a "luxury" coworking space in Bogota.
$800/month for a desk.
€7 coffees.
Everyone on Zoom pretending to work.
Half the "digital nomads" here are burning savings, not making money.
The laptop lifestyle is expensive when you're faking it.
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@russellcrowe @jangrewe the movie was epic. I've been to the courtroom in Nuremberg and it is so small in real life.
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@jangrewe No Jan.
There is a possessive intimacy.
Go to the cinema .
Botn in New Zealand. Moved to Australia at 4, back at 14. I have lived in Australia 50+ years of my 62 years. Traveled the world & worked on every continent bar Antartica. Bottom line man, idiots are everywhere
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Hello to my friends in Germany.
This week Nuremberg opens in cinema’s.
I hope you go and see it.
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The Argentine app some women use to rate dates before going out started in Buenos Aires eight months ago as a private project among friends.
Today it has 22,000 users.
It works like this:
You upload screenshots of the chat of the guy you're talking to, and an AI analyzes patterns of manipulation, narcissism, passive aggression, love bombing, likely lies, and chances of being ghosted.
Then it returns a score.
"Emotional risk: 78/100"
"High probability of infidelity"
"Profile compatible with emotional dependency"
"Language similar to men previously reported"
Premium users can even connect the guy's Instagram and let the model analyze follows, likes, activity times, and changes in behavior.
The creator is 27 years old and studied psychology at the University of Buenos Aires.
She says the idea came about after a friend ended up hospitalized due to domestic violence.
Lawyers want to sue her, while female users love her. Several men have started asking for screenshots of their own results on the app before accepting a date.
The app is called FirstRedFlag and has a waiting list 😂
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NEW: @Boltzhq launches trustless Bitcoin-to-USDC swaps with no account, no KYC, and no custodial risk.
Users keep control of their BTC until the USDC arrives in their wallet.
GIF
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@jordanurbs @tommyswriting Argentina reminds me of mad max except people wear expensive clothes they can’t afford and are in debt up to their eyeballs and everyone is bankrupt.
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11 months ago, we moved out of El Salvador.
This week, we officially moved to Argentina.
After a few days here, I'm reminded of why I like this place so much.
Here is a list of reasons why we chose to live here and why I still have hope for Argentina:
1. It shares some of the best qualities of Europe + Latin America.
This is perhaps the basis for the rest of the list.
For context, I'm a North American. I spent years traveling Europe as a young adult and I miss what it felt like before the late 2010s... it still felt European, a revered Old World.
Meanwhile, I spent years in Latin America as well—and I miss the pre-consumer days. As El Salvador proves, "development" seems to mean pouring more concrete and building more corporate strip malls, while things get unbearably expensive for the average person.
Yet Argentina, to me, represents something in between the two worlds. It used to be a supremely wealthy country, so despite its history of Peronism or CIA intervention(s), its development has been on a much different path than most the rest of LatAm.
With its dominant Spanish/Italian heritage, Argentina's Old World-ness lingers on... but meanwhile, it still encompasses the chaos and beauty of Latin American culture that (again, despite its history of socialism and recent hyperinflation) ironically hasn't yet been fucked up by the fiat corporate development epidemic.
Let's unpack that...
2. Quality still matters in Argentina.
I think the more a country "American-izes", the more its people lose appreciation for the finer things in life and just wants things faster, quicker, cheaper.
Argentina is still very un-Americanized.
Unlike life in the USA, where even buying expensive groceries from Whole Foods means mass-produced processed packaged goods, the Argentine people still appreciate gourmet eats.
Go to a restaurant and it takes forever to get your meal... because in large part they take pride in how it turns out. Even many of the products in a health food store (dietética) will generally either be made in-house or from a local brand.
(There are obviously still national brands whose products span the entire country, but this is not as common as in the USA and the handful of franchised stores that distribute everything.)
Espresso is taken seriously here, even though most people are purely yerba mate drinkers; the gelato is the best I've ever had; and as the saying goes: "the French invented the croissant but the Argentines perfected it (look up the 'medialuna')"
We ate at a "natural" cafe yesterday and all the bread (keto, normal, or whole wheat) was homemade and delicious.
And lunch was hardly expensive—no more than $10 per dish. (for context I recently paid $23 for a hamburger in Vegas.. what a time to be alive)
3. Prices have gone up since we were here last in 2023, but truth be told it's still not nearly as expensive as the States is getting.
We're paying $2500/mo. for a 4-bedroom/2-bath home with a huge living/dining area, spacious quincho (patio for asado/barbecue), with a pool in a grassy yard, on about a 1/3 acre lot... It's a peaceful suburban neighborhood not too far from the city but far enough to have a lower rate of crime. This is considered expensive rent.
(cultural-economic quirk: due to inflation, the rent price will go up $100/mo every 3 months—apparently that's just how they do it here, my wife explained to me when I protested)
We shop as organic as possible, so food prices are not too far off from Whole Foods lifestyle—the difference here is that there is a huge contrast in quality, as the eggs still have bits of chicken shit residue on them and many products are (or at least feel) homemade. Beef goes straight from farmer to butcher.
(and if you don't care for organic, I imagine you're looking at saving anywhere from 20-50% on groceries compared to N America or Europe—check out @BowTiedMara 's posts on costs of living in Buenos Aires for more on the subject)
4. Businesses are still local and people want that.
This is a generalization but it doesn't take much time in Argentina to notice: aside from maybe gas/petrol companies, a few international grocery store chains and big industries like that, the corporate enterprises you do see are NOT ubiquitous.
For example take "Easy", the hardware store equivalent of Home Depot... as of 2021 there were only 49 Easy branches in ALL of Argentina—and it's considered the biggest retailer of DIY stuff.
(Compare that to 52 Home Depots in Los Angeles County alone, lol)
It's much more common to just find a local hardware store (ferretería) for the tools or supplies you're looking for... they are basically on every corner.
Another example: the local mall has a Starbucks and 2 other cafes inside it... the Starbucks is normally empty, the other cafes packed. I love that.
Yes, there are McDonalds and things like that. But the type of franchise strip mall culture rampant in N America (and El Salvador, now) is not common here—I would even venture to say it's not appreciated at all.
This type of thing may or may not change with a continued Milei regime, I really don't know, but overall culture is a big ship to steer. I imagine it would take some serious financial/economic incentive for big corporate shopping malls to change how people do their shopping here.
5. People aren't in a rush (unless they're driving)
Sit at a cafe for hours, sit at the dinner table talking for hours, sip yerba mate with friends for hours at the park... in the European way, it's still cool to just hang out.
(Meanwhile, roads are quite like anywhere else in Latin America. Drivers in a rush, ready to honk at you, etc.)
6. People still greet each other.
Not random strangers, but acquaintances and friends of friends will greet each other with the European cheek kiss (single, not French double style)
At a social gathering, one doesn't walk into a room without greeting every single other person there.
It is rude to not say "Hola como estas?" before bringing up your business with a person—IRL or in chat. (I am often guilty of this)
As superficial as this at times might feel, I think this is an increasingly important thing as the fabric of society is ripped apart by all the different elite forces at work in the world.
7. Family is still family.
We have family here (my wife is Argentine) and our kids haven't spent much time with them... that was actually a big factor in moving here.
In my experience, family in Argentina will always do favors for you without expectation of anything in return. They will not accept money from you for helping out (even if they could use it). They have your back should something ever go wrong.
(I was fortunate to have been raised in a family like this in the States, but I think this probably came from the Italian roots on my mom's side)
Perhaps the most important thing I'll say about family is that politics will not divide it. We lived here in 2020 and there were plenty of disagreements about the state of things. And we were visiting during the Milei elections of 2023 and there were even more disagreements... but everyone stayed chill.
Family members and friends can politely discuss politics in Argentina without destroying relationships in the process. Huge.
8. Flaunting wealth isn't as important in a low-trust society.
Despite all the good I've mentioned, there is still high crime here. Windows are barred, garages locked, and security alarm systems are commonplace.
I remember in 2023, my in-laws were parked on the street visiting us and their car was broken into, their spare tire stolen... while we were a mere 20 feet away inside the house.
This sucks but it does bring up some positives: there is no culture of conspicuous consumption or flaunting wealth to show off, for fear of becoming a target.
You don't see many luxurious vehicles on the road, and maybe it's just where we're living but there seems to be a tinge of pride found in how much rustic or animated personality one can give their establishment in its decorations and vibe.
In my observations, the result of this is a general consensus among citizens that everyone is just out there doing their own thing; a lack of feeling like comparisons are being made consciously or subconsciously.
(Still contemplating this point, for example in Buenos Aires there's probably more of this conspicuous consumption than where I have spent most my time... I'll probably have more to say about this in a few months.)
---
There is more to say which I'll cover in a future post, like how many people are starting to use crypto in their everyday lives, and how shop owners, after hearing how she's been gone for 6 years, tell my wife how they're "doing GREAT lately"... but for now I'll leave it here.
Argentina's unique history seems to have created a very particular flavor of both continued "Old World" vibes on top of an atmosphere that still respects and demands local business, local goods, non-corporate character and personality, and just a general persistent "human-ness" that might be strongly correlated to the fact that it was economically closed off from the world for so long (and thus wasn't overridden by global financialization and big corporate interests).
I'm probably missing a lot from my "analysis" here, but the irony of my conclusions is not lost on me: it required decades of suffering to be in the position it is today, which appears to be extremely hopeful thanks to its unique culture and current administration.
In the context of local business and what I've written about in this post, I don't know what will happen if Milei is re-elected and his efforts are successful over the long- run—it's a nuanced conversation and a double-edged sword, if nothing else. I do know that things will probably not feel so bright for folks if he is not re-elected.
If you haven't read it yet, this post I've RTed explains my feelings about what was happening in El Salvador when I left (and how it contrasts to why I still like Argentina):
Jordan Urbs@jordanurbs
WHY I LEFT EL SALVADOR (long-form edition) TLDR: The type of "development" happening in El Salvador isn't for me. I learned a lot, I'm grateful for the experience, but I've chosen to move on for reasons I'll explain in this post. I would make the argument that much of what is happening in El Salvador (especially in the realm of fake beaches and middle class spending) is about an illusion of quality. Very high prices for low quality results. Maybe it's to be expected. Late stage capitalism, Latin America kind of thing. (And there are obviously exceptions to my generalization, so take my perspective for what it's worth before you raise your pitchforks. This is a post about my personal experience and you don't have to agree.) But in moving to ES, we weren't signing up to be surrounded by more fiat lifestyle. We thought we'd see "progress" and development happen in more... Proof-of-Work ways. Or at least we thought we'd witness a transition in that direction.. obviously, societal transformations take time. Even after visiting 3x before moving there in summer '24, there was HOPE in the air. It wasn't so obvious where things were headed, it felt like there was still time. We wanted to contribute to the revolution. We felt alive. And little did I know what moving into a brand new neighborhood in the suburbs of El Salvador would teach me about the country's actual trajectory. Instead of there being a transition towards sound money principles, all signs pointed in the opposite direction: High prices, poor quality. Fiat. Even before we moved there, when we were just visitors, it wasn't so obvious that this country's "development" would just mean more corporate strip malls... the same Super Selectos, the same fried chicken fast-food joints, the same Dollar City at every corner. High rises blocking views of the volcanoes or ocean. The argument is "jobs, better for the economy, etc." But it doesn't take much to see that the poor are struggling just as hard, if not more, as prices rise. (and it ain't cuz of gringos moving in that prices are rising) In fact, as the development continues, it became very difficult to fathom how things turn out awesome for most people there. All of this development is just more destruction of the natural beauty to make spending places for more consumers. (and anyone trying to build with the natural beauty having to do so outside the watchful eye of bureacracy, from whence are delivered the construction permits.) We rented a brand new ugly little box tract home in the burbs for an astounding $2400/mo. It cost the owners almost $400k. Because the contractor cut corners, we had nothing but problems in that house for the first 6 months. Most did, in our neighborhood. Workers coming in and out of the house with muddy shoes to fix molding drywall and leaking pipes on the second story. And our neighborhood wasn't the only one. At least if you live on the beach, or anywhere else where prices are more reasonable and the house is older; at least then you know what you're getting into. In these cases, there's no illusion of quality: WYSIWYG. But living at the beach, or rurally, comes with other trade-offs. For example, if you want to live somewhere accessible to schools, a place to buy healthy food products, and have good home internet, well... you're pretty much limited to the [sub]urban areas. In my experience from living in ES for a year, we Bitcoiners all shared a mission but had different reasons we came to live there. More exposure to IRL Bitcoin adoption, for example. More "non-fiat" lifestyle happening on a social scale since it was "Bitcoin Country." Living in the tropics and building a farm. Learning Spanish. Etc. So where you live in ES plays a big role in your goals. For us, we just wanted to build a simple life. Good school for the kids. A business. Beach on weekends. To this end, we lived around the city--where the fiat development is in full swing--so the kids could go to a school with values we aligned with. (THIS was a huge blessing and we will forever be grateful for that school.) Living in this place also helped me be close enough to be involved with the Bitcoin movement (ex-pat driven, obviously), even though the traffic eventually discouraged me from leaving my shell much. But in living in that area, we learned that that there is a growing lifestyle of materialism that honestly felt much stronger to me than that of middle class USA where I'm from, the suburban America I grew up in. Maybe it's just my own bias. But I think this is an epidemic of fiat development. And personally, I wasn't expecting it. As someone who's tried so hard to avoid that lifestyle for so long, I had no idea I'd be diving headfirst into that when we signed the lease in that central American neighborhood. So with all that in mind, after the IMF loan was approved, I was left examining my priorities in this life. Do I double down or re-evaluate? We thought we were joining the "rising tide lifts all boats" story. We thought Bitcoin would be a core part of the country's future at a State-level, which would trickle down economically, socially, whatever. We thought that all the people having "jobs" meant the poor were not going to get poorer. In short, we bought into a marketing campaign. I think the dream did exist at one point, and even thrived, for a while. It was an awesome feeling, riding that wave while I was there for it. Adopting Bitcoin 2024 for me encapsulated that experience. The energy of our BIES retreats captured that energy. But with time, the whole narrative of what was happening in ES started feeling more & more like a façade that you weren't allowed to mention. A veil felt lifted as big decisions were made and loud voices stayed silent. Lots of talk, not much walk. Cheerleaders at every corner acting like everything was dandy, that no one in a position of influence could ever be lying about what was going on; that everything was still peachy for the principled despite all outward appearances. And I felt all but forced to self-censor, because every time one speaks anything remotely negative about their experience with El Salvador or how they view the administration's policies, the masses of X bring out the torches. I ended up not posting at all on X anymore because I couldn't stomach trying to sell or even talk about ES after everything I'd been witnessing there. "...is this really how I want to live?" I would ask myself at night. Mad props to the hardcore bitcoiners in ES like @MyfirstBitcoin_ that continue unphased; doing amazing work as grassroots movements, unsupported entirely and even fought by the government... the true mission-driven who aren't as bothered as I am by the development of corporate strip malls at every corner. Those who live for the mission. YOU are the hope for the future. I believe in YOU and I still hope in years to come that I will be proven wrong about Bitcoin Country. Same with you @MURPHSLIFE and those doing things like you in ES, doing God's work supporting local communities on the ground. This is the kind of energy that can transform a place in the non-fiat direction. I still believe in your mountain. There are others, I'm not trying to exclude anyone, I just want to acknowledge that there is a lot of good happening in ES. It just wasn't compatible for me. As for my reason for living there, I was trying to grow roots for my kids where I thought the future looked bright. I had no money to invest in a big (land) project, but lots of productivity to offer in a place that supposedly had a forward-thinking trajectory, trustworthy leadership, and a growing economy. (and least of all, bitcoiner capital.) But I left ES earlier this week feeling that this narrative had become a deception. There are non-profits doing amazing work, but the buck stops there. Most bitcoiners (not all) still don't seem to be investing their coin in meaningful ways, many still hanging onto every sat out of fear of lack, or simply because the opportunity isn't there like they desire it to be--it's sad but it's true: the only impactful development happening in ES is the big money developers, the bankers, the financiers, the corporate strip malls popping up on every corner, rapidly homogenizing all aspects of life just as they did corporate America so many years ago... while making the poor of El Salvador even poorer. Not to mention, it's still very inconvenient (not impossible) to live without a legacy bank account in ES. Will it stop? I don't see how, but who knows. Maybe it will. It took a year for me to realize that it's so, so out of my control. So that's the "Bitcoin Country" part of it. The story goes further for me, personally: I want to live somewhere where I feel peace. I like nature. I like privacy. I want my kids to feel free to run, to explore without concrete walls blocking their path into the forest. I don't want my wife to have to stress out every week when she has to drive through latam traffic to 3+ "health" stores in different parts of town in order to get her celiac's food. For the first 8 months living there, I convinced myself that it was all worth it, because "Bitcoin Country." "But Jordan, you could just live somewhere else in ES." Yeah, I could. But it's all trade-offs, like I mentioned: schools, food, utilities. (I'm a family man so I'm not even counting dating or nightlife, which is another factor for many.) Unfortunately, in ES at this time, to achieve a good balance with as many of these boxes ticked as possible, there is but a small surface area available for one to make it happen. Godspeed, if you can make it happen and stay peaceful. Especially with a family. I couldn't. My wife and I did our best, we stayed positive for as long as we could; but ultimately if a place doesn't contribute to a peaceful day-to-day existence and one can no longer reasonably hope for an aligned long-term future (I'm thinking of the ramifications of the IMF loan and the silent response by the cheerleaders)..... Well, one might finally start to think "hey, with all these things happening, maybe this isn't the place for us." In my eyes, based on my overarching experience in ES, the fake beach is just symbolic of all that. A high asking price for continued low quality results. A story we're all telling ourselves because we want to have hope. Sure, I'm biased. I probably belong in a jungle cave somewhere, away from civilization. And hopefully I'm even wrong about this fake beach. Maybe it will be totally awesome, high quality, Singapore of central America, etc. But either way, it's not for me. It's not what I'm after in this life. So... Lesson learned. It's on me now. Again. No State is going to save me, you, or the world. You gotta build your sovereignty on your own. Grow community, orange pill your neighborhood, learn to build & sell online, live abundantly and start providing value to others without concern of what you get in return. It doesn't matter where you live. ...and if I've learned anything, it's that you DEFINITELY should not force yourself to do that in a place where you're uncomfortable or triggered by your day-to-day environment, just because you think the jurisdiction stands for what you believe in. There are more important things in life than a potential future that may never come. Choose peace in the here & now. So that's my story about living in El Salvador. There were some great times, I learned a LOT, I made some amazing friends and connections, and made giant strides in my life. I have 0 regrets about living there. I imagine I'll be back to visit as a vacationing tourist. But I don't desire to be present as the fake beaches and "Dubai-style" high rises start littering the countryside... I didn't know that's where it was headed when I moved there, and I'm blessed enough in this life to be able to decide that it's not for me. Good luck to you all staying there, I'm rooting for you.
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@jordanurbs @tommyswriting Try to go to a doctor or spend more than a few hundred dollars or use a bank. Then get back to me.
GIF
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🚨Asombroso: ha nacido el bebé más inteligente del mundo y lo primero que ha hecho el comprar Bitcoin.
Español
@retireinarg What? lol are you kidding me a beer is 8 dollars here
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"You need $3,000 a month to live in Argentina."
For a family of four in Palermo, maybe. For a single adult using a seasonal property? Nowhere close.
Prepaga: $73 to $182/month by tier. Add 10.5% for direct payers.
Groceries (one person, outside BA): ~$200 to $250/month.
Utilities (small property, interior): ~$100 to $120/month.
Own your place outright, outside Buenos Aires: $800 to $1,000/month baseline for comfortable, not luxurious, life.
The catch: no car payment, no private school, no Palermo rent in that number.
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Just so we’re clear, Florida beaches like Clearwater Beach are 💯 times better than California beaches. Just like @CaliRN619 mentioned, No crime, no homelessness, no druggies passed out on the beach, no panhandling. Thank you @GovRonDeSantis for keeping Florida great.
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Tengo una pregunta real para las que tiene implantes y hasta para los hombres que han tocado tetas así. Cómo es la textura cuando la aprietan? se siente como si hubiese una bolsa de agua dentro o algo similar?
Ojo no es critica solo es una duda.
Español
₿ Raider retweetledi
NEW: Plane crashes into building in Belo Horizonte city of Brazil
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