Ryan Shea

@NickDarlington @realityblob More power to ya. Love that you're using and adopting it. Medium of exchange is the ultimate end goal anyways. Curious on your thoughts of MoE. Do you foresee lightning or something else being the main layer for transaction? Since base layer is obviously the settlement layer.

The financial advantage? None. Not everything requires a financial advantage. I do it because I believe in a world where Bitcoin is an MoE and I choose to start living that world now rather than later. By doing this monthly the swings up or down also the even out over time. I don’t think much about it anymore. It’s just what I do 😊

How do we get people who are hoarding Bitcoin to also spend it?

Not sure I fully understand. Long term savings in Bitcoin, I understand. Your purchasing power goes up over time and then later, you may sell/borrow against to utilize that increase in purchasing power. Short term savings I dont understand. You get paid in Rand, then you convert that to Bitcoin for short term savings. Then spend it anywhere between 1-30 days later. During that time, it could go up, it could go down. You're taking a chance that it doesn't go down. What is the financial advantage to what you're doing?

@Ryan_Shea_1 @realityblob Because I save in Bitcoin and spend my Bitcoin. When I earn X, a portion goes to saving and a portion goes to spending. I see Bitcoin as money so I treat it as money in the same way I save some dollars and choose to spend others.

@NickDarlington @realityblob What's the point of converting to spend? Why not hold in the thing you are looking to spend? Why the extra step?

@Ryan_Shea_1 @realityblob You can spend and save. I have a holding stack and a spending stack. I’m not telling people to spend their hoarding stack. They can download a Lightning wallet, convert some fist to Bitcoin and start spending today. It’s not hard.

"They are underwater based on assumptions I completely made up to fit my narrative"... lol Common stock is not a liability. It's equity. Think about how many companies are insolvent if you believe that common stock is a liability. There is 8.2B in debt and 10.3B preferred at par value. So 18B in liabilities (with preferred being approximately 1B per year in dividends and they never have to pay back the par value). So conservatively, we will say 18 Billion. And they have 53.5 Billion in assets. 3x their liabilities.

@Ryan_Shea_1 There is $44.2B common stock + $8.2B debt + $10.3B preferred notional value supposed to be “backed” by $53.5B in Bitcoin…which they could never actually sell without tanking the market by 50%, at least They are underwater by $18B-$30B, generously

🚨⚠️ $MSTR has diluted common share holders another $144 M + issued $329 M $STRC ponzi preferreds (which dilute common share holders via a 11.5% infinite dividend) The common share dilution this time did not buy Bitcoin, but entirely funded ponzi preferred dividends

Strategy does not have to sell a single share of common stock or preferred stock going forward and it could still be successful. Every ponzi does not have the ability to pay its liabilities without new money coming in the door. That is not strategy. They do not need new money to come in the door.

@Ryan_Shea_1 Every Ponzi pays its liabilities…with the money of other investors. It works until it doesn’t.

@BTC_JEDI21 Only once it becomes more adopted, yes. In the current world, with them not being able to buy it, and living paycheck to paycheck, it does not help them.

Realistically, can someone who is barely getting by living paycheck to paycheck really benefit from Bitcoin?

@comic @0xSisyphus Nah. Thats only if they are 100% amplified, which they are not.

@Ryan_Shea_1 @0xSisyphus Bitcoin needs to cagr over their cost of capital (11.5%) to break even for their common share dilution.

There is a big difference between how Bitcoin trades when Saylor has funds, versus when he does not For those not yet aware, Saylor started to market a Luna-style stable yield ponzi a few weeks ago called STRC (you buy it, he dumps new shares, you get an 11.5% cash yield)

@comic @0xSisyphus Sure is.... without selling another share, they need: Bitcoin to cagr 7% to achieve success in usd terms but not bitcoin terms. Bitcoin to cagr 12% to achieve success in usd terms AND bitcoin terms.

@Ryan_Shea_1 @0xSisyphus That’s not true at all

@adamtaggart Looks like Europe.

For those feeling the bite of $4/gal gas, be grateful you're not in California paying near $7/gallon I'm back in NorCal for Easter and snapped this photo a few hours ago

@kokeshimum Nothing can be done structurally with the current system. You have to individually opt out and buy bitcoin.

In 1991 35% of 16-24 year olds had a mortgage and bought their own home. Today it’s 1%. And absolutely nothing is being done to fix this.

@BoomerDivvies lol youtube.com/watch?v=XbZ8zD…

Bitcoin is approximately the same price as it was two years ago. The S&P is up 26% since then. Anyone here surprised?

Well, i think its pretty easy to see when looking at median income and housing. 1970: Median household income - $9,870. Median Home price - $23,000.... Ratio - 2.3x Today - Median household income - $80,000. Median home price - $420,000... Ratio - 5.3x AND both spouses need to work now to reach that median household income while 1970 was much more likely to have a single earner household income. If you're point is that houses are bigger/nicer today than then - that's a point that can be made about every generation. 1970 homes were nicer and bigger than 1920s homes with better insulation, central heating, modern appliances, etc and the ratio was still around 2.5-3x

It’s hard to have a conversation with 90% of Bitcoiners because of how much they try to overstate the impact of inflation Sorry bro, a cashier at Target today doesn’t have a worse lifestyle today than a cashier did in 1970

@mc_khristina Government is the answer.

I grew up in Arizona, and moved east over 20 years ago ... but I remember, in Arizona you can go to a grocery store and not only buy everyday groceries, but you can also buy beer, wine, hard alcohol ... you can buy it all and that is literally where you buy it! In Arizona, you can also just pop into a 7-11 or gas station .. and buy beer/wine/liquor. Super convenient. I now live in NJ, where you cannot buy alcohol at the grocery store, you have to go to separate store to buy your alcohol ... even worse, most of my family now lives in Pennsylvania and in PA, you have to go to a beer store to buy beer and another store to buy wine/hard liquor. WHY?

@NickDarlington @realityblob Using the term hoarding implies negative associations with not spending. Good luck on your mission. Convincing people to hold a 60 vol asset with the intention of spending it will be a difficult one.

@realityblob @Ryan_Shea_1 Who said it’s a bad thing? But getting more people to spend their Bitcoin is good for the network.

Yup. The banks only hold 10% of the dollars they are liable for. And yet there are no bank runs due to the FDIC guarantee and unlimited money they can print at the Fed. But imagine there was no backstop and you knew exactly how many bitcoin your bank had at all times relative to liabilities. Imagine how much discipline there would be in the financial world and society as a whole.

@Ryan_Shea_1 @LawrenceLepard yes this is a good explanation... essentially what is stopping tokenized gold from issuing "gold stablecoins" with Bitcoin its impossible to "fractional bank it"

You are a good person to ask @LawrenceLepard since you are gold and Bitcoin guy... but Peter Schiff makes a pretty compelling argument when he says Bitcoin is pointless if we have tokenized gold... do you know any good podcasts, articles, or general arguments in favor of Bitcoin in a tokenized gold world?

@NickDarlington Hoarding is a term to imply that not spending is a negative behavior. Except it’s the natural state. Why is not spending money a bad thing?

@Ryan_Shea_1 Why not?

That's forcing it. It will be used as everyday money when its the best option to do so. Right now, its the best store of value, so continue to use it as that while the volatility is high. Forcing a 60 vol asset to be used as a medium of exchange is just not understanding the current reality. Bitcoin becoming a 5 vol asset over the next 20-30 years and then medium of exchange can enter the picture. Without vol coming down, it's not useful to be used as such.

@Ryan_Shea_1 So it becomes everyday money. So it fulfils the orignal vision of P2P digital cash.

How do we get more people using Bitcoin as everyday money?