Three years later El Salvador is still bitcoin and doing really well. Their Bitcoin stack is back all in the green, they first started buying bitcoin around 60-68kusd. The economy is growing and crime has dropped. It appears that bitcoin might be fixing this.
I wouldn't normally post a flag, but this one has done well.
I will be visiting sometime soon and will leave my thoughts with you.
I'm not sure if this is tattoo-worthy, but there is some good art inspiration possible. Anyway, this a reminder that all my sketches are open source, take them mod them, make them better with AI, I don’t mind. Just mine with Ocean this coming winter. It's a big pool that puts you in control.
With nuclear-powered subs being thrown around the ocean tin foil hats might actually come in handy Australia contracting the USA and UK to build nuclear subs to apparently "defend" themselves in the South China Sea, I am feeling a little bit concerned. This is nuclear escalation if you ask me.
The main tactical factor of a nuclear sub in my opinion, is not just that they can stay underwater, it is that your opponents can't shoot at one without risking destroying the ocean around you for possibly 10,000 years. Subs can fire at an opponent from hiding, it could be anywhere, and when it attacks, you don't even know what you are shooting at or from what country they come from. In this way it is close to a terrorist weapon. I think that there's no moral justification for this type of weapon. Anyone who chooses knowingly to wield such a vindictive tool is not morally acceptable.
So here go the nation-states with the villainy, and on top of that we now have a nuclear energy narrative growing with powerplant investments by Microsoft and Amazon. These new power plants to be used for AI data centers. Ironic since the news and government was persecuting Bitcoin mining for using comparably less energy than they say they need now. I'm not anti-nuclear energy. The more watts the better but AI is basically a fiat bubble. It's nice to have easy art, coding and quick but suspect search answers though hardly compares to the human impact of sound money. Really the AI will be used for tax collecting, narrative control and disodent detection. So it's just like Government mining, and of course they think it's ok despite the blaring contradiction. State and big media only last year were saying private bitcoin miners were boiling the ocean
It used to be taboo to use energy in a data centre like this, maybe will be less so now. I think the mining love is growing. AI and Bitcoin mining centres are being built as it is beneficial to have both in one location. I wan't to see more home miners and more home AI systems for a decentralised future. More nuclear power plants are ok, but let's just hope the government don't blow them up. The governments are degenerating so much they should not be trusted alone with advanced technology. I hope I don't see them manifest their own trope, I am not keen on freshly cooked radioactive fish from the sub wreck.
Governments end up boiling the oceans, not bitcoin.
Bitcoin mining has become more centralised. The Antpool Bitmain monopoly needs to be resisted. FPPS and all its fiat variations need to go eventually. Let's decentralise mining, check out https://ocean.xyz/
So "retirement" is not the right word, graduating from work life, FIRE, minimal living, freedom, self actualization, choose your pill. I'm not sure what your preference is, but we all want to focus on what we are good at and not have to worry too much about compensation. Graduation from slave life must be close, I hope, now how many bitcoin do we need?
In this exercise, I will ignore appreciation of the asset, aka NGU technology (number go up) pumpamentals. How many satishis per hour do you need before you die. But with the price at around $60KUSD one btc per year allocated now, seems ruffly reasonable. Especially since you know it will cover inflation and probably go up more, so your yearly budget can get a bit fatter. 1btc/year = 11415 sats per hour with a 24-hour day = 3 Sats a second. Feels like you could almost make that in zaps on nostr!But getting more real, considering our tip rate on Blogger, for an 8 hours x 5 days work week it comes to 13sats per second, 48077 per work hour, or currently around $30 an hour work spend equivalent. So you need as many btc as you have years left to live if you can handle this budget. It is not great and it could be hard to save up this amount, especially if you're young, it might be 70 btc
Really we know the GNG tech will not fail and that we can include the growth of the asset base in our figures. In traditional finance, there is a rule of thumb for living off your assets where you can spend 4% per year. So if you want to retire starting at 1 btc per year you would need only 25 bitcoin.
Jeff Ross thinks you can double the rule of thumb for Bitcoin to 8% per year, because bitcoin has had such a great return and we can expect this to continue. That means you can cut the requirement down to 12.5 btc! that's $778,352??? What??? That seems LIke FIRE for many people!
So yes, you might want more than 60KUSD per year, but whatever it is it still seems quite low. My friend once told me he thought he needed 10 figures in the bank to quit working like a slave ($10MUSD+). You wouldn't normally think to retire off of $800KUSD at the moment, but maybe you would if it was converted to Bitcoin.
