diff --git a/evangelism/episodes/episode_10.md b/evangelism/episodes/episode_10.md new file mode 100644 index 0000000..72c0776 --- /dev/null +++ b/evangelism/episodes/episode_10.md @@ -0,0 +1,83 @@ +# Operation Saylor - Episode 10/120 + +Hi again and welcome to another episode of the Operation Saylor. This is update number 10, corresponding to April +2023. + +If you are reading this for first time, you might want to check [Episode 1](https://stacker.news/items/47539), where my +plan and details are explained. That will get you in context. + +--- + +## Stats + +- BTC stack: 1.4435 BTC +- € stack: 404.20 € +- Current total value in €: 36,926.24 € +- € into BTC: 30,000 € +- Paid back to bank: 3,295.80 € +- Outstanding debt: 40,648.53 € +- Installments to go: 111 + +## Charts + +[![episode-10-stack-value-vs-debt.png](https://i.postimg.cc/90tgvg6b/episode-10-stack-value-vs-debt.png)](https://postimg.cc/rRs94jFR) + +[![episode-10-bitcoin-stack.png](https://i.postimg.cc/D0KYp3Mm/episode-10-bitcoin-stack.png)](https://postimg.cc/ygvPWtBz) + +--- + +## Log + +Another month drops by, and we finally enter the phase of Operation Saylor when the bitcoin stack starts getting +smaller. For the first time since this operation started, I have sold some sats to get euros back to put towards +the installments. Specifically, I sold around 2.5M sats to buy myself enough € for a couple of installments. + +I usually never sell bitcoin in exchange for euros. I never try to speculate with the shor-term swings of bitcoin's +price, so whatever I buy, I just hold. So, reversing the flow feels nasty. Oh well, that's the plan, so let's just +stick to it. I do spend bitcoin here and there directly for goods and services, but that never feels nasty at all. +Quite the opposite, it feels great. + +I have actually stumbled across many discussions on HODL vs Spend and replace during the past month. I am actually +kind of dissappointed that there's any kind of debate. I am strongly in the camp that believes that spending +bitcoin on goods and services is the right thing to do (assuming you have some way to replace the lost sats by +exchanging fiat for them). It makes me sad to see people propose that we should only spend our fiat. I see a lot of +ignorance and short-sightedness in that idea. + +In my opinion, the true wealth that Bitcoin will bring to us won't be in the form of being valued at millions and +gazillions of $. That might happen, indeed, but it's not the whole point of Bitcoin. The point of Bitcoin is to +have a decentralized, permissionless, borderless, dilution-proof, interoperable open money. And why would we want +to have such a money? So that truly free trade can happen. Trade across all the world without the intervention of +regulators, governments and greedy middle-men that act no value and oppress free, working people. Peer to peer, +untaxed and uncensored. Can you even picture how much value society would unlock if we stopped being taxed and +regulated on every economic transaction we made? Have you ever ran the numbers on how much money would you have at +the end of the year if not every tiny bit of your economic life had leeches sucking you dry? + +It bothers me how people can even imagine that it's not in their best interest to start spending their bitcoin in +trade. We need to create a decentralized, permissionless, borderless, dilutionproof, interoperable _economy_ if we +are to reap the true benefits of bitcoin. How are we going to enjoy our stacks in the future if there is literally +nothing that can be bought with it? + +What will you do if authoritarian CBDCs are deployed at the speed of light, and all on and off ramps between Fiat +and Bitcoin get shut? I hope there is a strong free market (black, as it's usually called) by then, because +otherwise, I'm genuinely scared that we might be fucked. + +If you are reading, I challenge you: this month, find somewhere where you can spend some sats and do it. It doesn't +have to be anything important or expensive. Just make sure it's truly peer to peer. Pay somebody straight for him +to provide something straight to you. + +Thank you for reading and see you around next month. + +--- + +## Previous episodes + +- Episode 1: [https://stacker.news/items/47539](https://stacker.news/items/47539) +- Episode 2: [https://stacker.news/items/61708](https://stacker.news/items/61708) +- Episode 3: [https://stacker.news/items/71794](https://stacker.news/items/71794) +- Episode 4: [https://stacker.news/items/83670](https://stacker.news/items/83670) +- Episode 5: [https://stacker.news/items/98216](https://stacker.news/items/98216) +- Episode 6: [https://stacker.news/items/111818](https://stacker.news/items/111818) +- Episode 7: [https://stacker.news/items/124601](https://stacker.news/items/124601) +- Episode 8: [https://stacker.news/items/140816](https://stacker.news/items/140816) +- Episode 9: [https://stacker.news/items/154229](https://stacker.news/items/154229) + diff --git a/evangelism/images/episode_10_bitcoin_stack.png b/evangelism/images/episode_10_bitcoin_stack.png new file mode 100644 index 0000000..66fbf05 Binary files /dev/null and b/evangelism/images/episode_10_bitcoin_stack.png differ diff --git a/evangelism/images/episode_10_stack_value_vs_debt.png b/evangelism/images/episode_10_stack_value_vs_debt.png new file mode 100644 index 0000000..538b1e3 Binary files /dev/null and b/evangelism/images/episode_10_stack_value_vs_debt.png differ diff --git a/register.xlsx b/register.xlsx index efba72f..889afd5 100644 Binary files a/register.xlsx and b/register.xlsx differ