Niko on Nostr: I need your help Bitcoin family! I’m trying to get my HOA to adopt Bitcoin as part ...
I need your help Bitcoin family!
I’m trying to get my HOA to adopt Bitcoin as part of our reserve fund. I need to write a brief letter introducing the idea without overwhelming the group, peaking their interest to learn more.
Please help me tweak the message below.
Dear HOA Board Members,
Thank you for your time and dedication to maintaining our community. It’s in all of our best interests to ensure that our neighborhood remains financially healthy, allowing us to manage necessary maintenance while keeping HOA fees manageable for all homeowners.
Our current financial situation, with depleted reserve funds due to historical spending, deferred maintenance, and rising operating costs, is concerning. To ensure we build a stronger financial foundation and avoid depleting reserves so quickly in the future, I would like to present an alternative solution: allocating a portion of our reserve funds to Bitcoin. While this may sound unconventional, I ask that you approach the idea with an open mind.
The Problem
Like many communities, businesses, and individuals, we face a common financial challenge: how do we preserve our purchasing power in a world where inflation and rising costs erode the value of our reserves? Traditional currencies, such as the US dollar, lose purchasing power over time due to inflation and government policies that increase the money supply at a rate of at least 7% per year. By the time we need to access these reserve funds for large expenses in 5 years, the reserve fund would have lost over 30% of its purchasing power when held in fiat currency.
Since 1971, when the US went off the gold standard, the dollar has been backed by the government’s promise rather than a tangible asset. As a result, the dollar’s supply has expanded significantly, leading to inflation, which affects our community’s ability to cover costs effectively.
The Case for Bitcoin
Bitcoin offers an alternative that has proven to be a valuable store of value for individuals, companies, and even governments. Unlike the US dollar or other fiat currencies, Bitcoin has a fixed supply of 21 million Bitcoin, meaning its value cannot be inflated by central banks or governments. This makes it an attractive option for preserving long-term purchasing power.
While Bitcoin can be volatile in the short term, its long-term appreciation and decentralized nature have made it a trusted asset for many. Its resilience is demonstrated by the growing number of institutions and corporate treasuries adopting Bitcoin as part of their reserve strategy including Tesla ($TSLA), Microstrategy ($MSTR), Mass Mutual Insurance, Semler Scientific ($SMLR), and Square ($SQ) as well as countries like El Salvador to name a few.
My Proposal
I propose that the board consider allocating at least 10% of our reserve funds to Bitcoin. Additionally, we should contribute 10% of annual HOA dues to gradually increase our Bitcoin reserves, helping to secure the financial future of our community.
To further demonstrate my commitment to this initiative, I am willing to pay five years of my HOA dues upfront, with the understanding that the entire amount will be used to purchase Bitcoin for our reserve.
Learning More
I understand this may be a new and unfamiliar concept for many of you. I encourage the board to research Bitcoin further, starting with the resources below:
- *The Bitcoin Standard* by Saifedean Ammous
- *The Price of Tomorrow* by Jeff Booth
- Ross Stevens and Michael Saylor's "Bitcoin for Corporations" presentation
I’m more than happy to answer any questions or discuss this idea in more detail. This is an opportunity for our community to consider a modern approach to protecting our financial future.
Thank you for your time and consideration.
I’m trying to get my HOA to adopt Bitcoin as part of our reserve fund. I need to write a brief letter introducing the idea without overwhelming the group, peaking their interest to learn more.
Please help me tweak the message below.
Dear HOA Board Members,
Thank you for your time and dedication to maintaining our community. It’s in all of our best interests to ensure that our neighborhood remains financially healthy, allowing us to manage necessary maintenance while keeping HOA fees manageable for all homeowners.
Our current financial situation, with depleted reserve funds due to historical spending, deferred maintenance, and rising operating costs, is concerning. To ensure we build a stronger financial foundation and avoid depleting reserves so quickly in the future, I would like to present an alternative solution: allocating a portion of our reserve funds to Bitcoin. While this may sound unconventional, I ask that you approach the idea with an open mind.
The Problem
Like many communities, businesses, and individuals, we face a common financial challenge: how do we preserve our purchasing power in a world where inflation and rising costs erode the value of our reserves? Traditional currencies, such as the US dollar, lose purchasing power over time due to inflation and government policies that increase the money supply at a rate of at least 7% per year. By the time we need to access these reserve funds for large expenses in 5 years, the reserve fund would have lost over 30% of its purchasing power when held in fiat currency.
Since 1971, when the US went off the gold standard, the dollar has been backed by the government’s promise rather than a tangible asset. As a result, the dollar’s supply has expanded significantly, leading to inflation, which affects our community’s ability to cover costs effectively.
The Case for Bitcoin
Bitcoin offers an alternative that has proven to be a valuable store of value for individuals, companies, and even governments. Unlike the US dollar or other fiat currencies, Bitcoin has a fixed supply of 21 million Bitcoin, meaning its value cannot be inflated by central banks or governments. This makes it an attractive option for preserving long-term purchasing power.
While Bitcoin can be volatile in the short term, its long-term appreciation and decentralized nature have made it a trusted asset for many. Its resilience is demonstrated by the growing number of institutions and corporate treasuries adopting Bitcoin as part of their reserve strategy including Tesla ($TSLA), Microstrategy ($MSTR), Mass Mutual Insurance, Semler Scientific ($SMLR), and Square ($SQ) as well as countries like El Salvador to name a few.
My Proposal
I propose that the board consider allocating at least 10% of our reserve funds to Bitcoin. Additionally, we should contribute 10% of annual HOA dues to gradually increase our Bitcoin reserves, helping to secure the financial future of our community.
To further demonstrate my commitment to this initiative, I am willing to pay five years of my HOA dues upfront, with the understanding that the entire amount will be used to purchase Bitcoin for our reserve.
Learning More
I understand this may be a new and unfamiliar concept for many of you. I encourage the board to research Bitcoin further, starting with the resources below:
- *The Bitcoin Standard* by Saifedean Ammous
- *The Price of Tomorrow* by Jeff Booth
- Ross Stevens and Michael Saylor's "Bitcoin for Corporations" presentation
I’m more than happy to answer any questions or discuss this idea in more detail. This is an opportunity for our community to consider a modern approach to protecting our financial future.
Thank you for your time and consideration.