84 lines
4.6 KiB
Markdown
84 lines
4.6 KiB
Markdown
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# Operation Saylor - Episode 10/120
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Hi again and welcome to another episode of the Operation Saylor. This is update number 10, corresponding to April
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2023.
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If you are reading this for first time, you might want to check [Episode 1](https://stacker.news/items/47539), where my
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plan and details are explained. That will get you in context.
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---
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## Stats
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- BTC stack: 1.4435 BTC
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- € stack: 404.20 €
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- Current total value in €: 36,926.24 €
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- € into BTC: 30,000 €
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- Paid back to bank: 3,295.80 €
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- Outstanding debt: 40,648.53 €
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- Installments to go: 111
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## Charts
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[](https://postimg.cc/rRs94jFR)
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[](https://postimg.cc/ygvPWtBz)
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---
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## Log
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Another month drops by, and we finally enter the phase of Operation Saylor when the bitcoin stack starts getting
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smaller. For the first time since this operation started, I have sold some sats to get euros back to put towards
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the installments. Specifically, I sold around 2.5M sats to buy myself enough € for a couple of installments.
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I usually never sell bitcoin in exchange for euros. I never try to speculate with the shor-term swings of bitcoin's
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price, so whatever I buy, I just hold. So, reversing the flow feels nasty. Oh well, that's the plan, so let's just
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stick to it. I do spend bitcoin here and there directly for goods and services, but that never feels nasty at all.
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Quite the opposite, it feels great.
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I have actually stumbled across many discussions on HODL vs Spend and replace during the past month. I am actually
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kind of dissappointed that there's any kind of debate. I am strongly in the camp that believes that spending
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bitcoin on goods and services is the right thing to do (assuming you have some way to replace the lost sats by
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exchanging fiat for them). It makes me sad to see people propose that we should only spend our fiat. I see a lot of
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ignorance and short-sightedness in that idea.
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In my opinion, the true wealth that Bitcoin will bring to us won't be in the form of being valued at millions and
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gazillions of $. That might happen, indeed, but it's not the whole point of Bitcoin. The point of Bitcoin is to
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have a decentralized, permissionless, borderless, dilution-proof, interoperable open money. And why would we want
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to have such a money? So that truly free trade can happen. Trade across all the world without the intervention of
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regulators, governments and greedy middle-men that act no value and oppress free, working people. Peer to peer,
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untaxed and uncensored. Can you even picture how much value society would unlock if we stopped being taxed and
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regulated on every economic transaction we made? Have you ever ran the numbers on how much money would you have at
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the end of the year if not every tiny bit of your economic life had leeches sucking you dry?
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It bothers me how people can even imagine that it's not in their best interest to start spending their bitcoin in
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trade. We need to create a decentralized, permissionless, borderless, dilutionproof, interoperable _economy_ if we
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are to reap the true benefits of bitcoin. How are we going to enjoy our stacks in the future if there is literally
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nothing that can be bought with it?
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What will you do if authoritarian CBDCs are deployed at the speed of light, and all on and off ramps between Fiat
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and Bitcoin get shut? I hope there is a strong free market (black, as it's usually called) by then, because
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otherwise, I'm genuinely scared that we might be fucked.
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If you are reading, I challenge you: this month, find somewhere where you can spend some sats and do it. It doesn't
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have to be anything important or expensive. Just make sure it's truly peer to peer. Pay somebody straight for him
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to provide something straight to you.
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Thank you for reading and see you around next month.
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---
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## Previous episodes
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- Episode 1: [https://stacker.news/items/47539](https://stacker.news/items/47539)
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- Episode 2: [https://stacker.news/items/61708](https://stacker.news/items/61708)
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- Episode 3: [https://stacker.news/items/71794](https://stacker.news/items/71794)
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- Episode 4: [https://stacker.news/items/83670](https://stacker.news/items/83670)
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- Episode 5: [https://stacker.news/items/98216](https://stacker.news/items/98216)
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- Episode 6: [https://stacker.news/items/111818](https://stacker.news/items/111818)
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- Episode 7: [https://stacker.news/items/124601](https://stacker.news/items/124601)
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- Episode 8: [https://stacker.news/items/140816](https://stacker.news/items/140816)
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- Episode 9: [https://stacker.news/items/154229](https://stacker.news/items/154229)
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