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evangelism/episodes/episode_1.md

@@ -21,9 +21,9 @@ better this and future updates.
 ## The Operation
 
 On July 2022, I took a loan with my usual bank. This is an uncollateralized
-loan with a fixed amortization schedule. The numbers:
+personal loan with a fixed amortization schedule. The main figures:
 
-- Principal: 33.000€
+- Principal: 33,000€
 - 120 installments in 120 months (10 years)
 - APR: 5.99%, APY: 6.16%
 - Each installment will be of 366.20€
@@ -35,9 +35,9 @@ As this loan has no collateral, there is no margin call or liquidation of any
 sort. The loan is completely orthogonal to whatever the evolution of bitcoin's
 price is.
 
-During the following six months, my plan is to swap 5.000€/month into bitcoin.
+During the first six months, my plan is to swap 5.000€/month into bitcoin. I do
-I do this instead of simply lump-suming everyting to softly minimize the risk
+this instead of simply lump-suming everyting to softly minimize the risk of
-of picking a terrible entrypoint.
+picking a terrible entrypoint.
 
 After these six months, I will have a bitcoin stack of a certain amount and
 around 1.000€. From that point on, the plan is to:
@@ -51,19 +51,19 @@ around 1.000€. From that point on, the plan is to:
 As time passes, two scenarios can take place:
 
 - In the SHTF (shit hits the fan) scenario, I run out of bitcoin before the 10
-  years have passed and I am left with 0 stash and some amount outstanding with
+  years have passed and I am left with a 0 btc stash and some outstanding debt
-  the bank. I will be forced to keep paying the installments from my personal
+  with the bank. I will be forced to keep paying the installments from my
-  pocket and Operation Saylor will have turned into a net negative for me. This
+  personal pocket and Operation Saylor will have turned into a net negative for
-  could happen both in case a black swan completely destroy bitcoin and its
+  me. This could happen both in case a black swan completely destroys bitcoin
-  value, or simply because bitcoin's € price doesn't go up fast enough to make
+  and its value, or simply because bitcoin's market value doesn't go up fast
-  a net return.
+  enough to make a net return.
 - In the Moon scenario, I manage to pay all the installments by taking small
   bites of my bitcoin stack and I still have some amount of btc left in the
   end. I will have succesfully earned value with my bet, and I am left with a
   nice stack of some unknown value. This would happen in a scenario where
   bitcoin behaves the way it tipically has for the past 10 years (or with a
-  slightly watered-down behaviour in terms of return and volatility) and I get
+  slightly watered-down behaviour in terms of both return and volatility) and I
-  lucky with the early volatility.
+  get lucky with the volatility in the earliy months and years.
 
 My hope is that Moon scenario will happen, but I am very well aware that SHTF
 scenario is a serious possibility.
@@ -91,18 +91,18 @@ There are several motivations to doing this.
   bit like a peer review, with the only difference I am reviewing my own plans.
 - As discussed before, I find personal, real life stories of bitcoiners and
   their actions fascinating. Macro environment analysis, papers, technical and
-  economical books, ... They are all great reads. But I think sometimes we also
+  economics books,... They are all great reads. But I think sometimes we also
   need simple stories from regular people like us, with all the crisp of the
-  real life and down to earth practical issues. Bitcoin is, after all, a
+  real life and down to earth practical issues and details. Bitcoin is, after
-  grassroots, bottom-up phenomenon. It is the small actions of you, me and
+  all, a grassroots, bottom-up phenomenon. It is the small actions of you, me
-  everyone else which compose the emergent behaviour of the network.
+  and everyone else which compose the emergent behaviour of the network.
 - I think that, on most forums and communities, there is a dogmatic rejection
-  to any kinf of idea related to borrowing money for investing. I am the first
+  to any kind of idea related to borrowing money for investing. I am the first
   to agree that, for most people, most of the time, it is a terrible idea that
   should be avoided. But it is also my belief that under the right
   circumstances, it is a valid strategy. And so I am slightly pissed off
   because this automatic, parrot-like "NeVEr BorRoW tO INvEsT" comments hijack
-  any kind of honest debate around this. I hope that these series can be
+  any kind of honest debate around this. I hope that these series can
   counterbalance this and get people discussing in a calm and thoughtful manner
   the possibility of doing something similar to what I am doing. If the angry
   mobs hijack my posts anyway, at least I hope that whoever is curious about
@@ -130,9 +130,11 @@ decision. During the series, I will share my own train of thought and the
 numbers I ran before pulling the trigger.
 
 If you reached this far, thanks for reading. I'll be happy to discuss further
-in the comment section.
+in the comment section. You can find below the numbers that I will be posting
+regularly.
 
 ---
+
 ## Stats
 
 - BTC stack: