drgo on Nostr: Except you would though. This debt is risk free. That’s the point of this lesson: ...
Except you would though. This debt is risk free. That’s the point of this lesson: some debt is good. Some debt is great. Some debt is fatal. Not all debt is created equal.
If I would have borrowed $10,000 and bought bitcoin at 7¢, I’d be a billionaire. But I was damn near broke (and in fact was broke a year later)…every monumentally stupid move I’ve done with bitcoin has been related to a fear of debt and miscalculation of risk.
Published at
2025-02-23 20:30:51Event JSON
{
"id": "30ecf36f10cd7b56709c453f941e459948054f0c9cc1a8249157761bb61db658",
"pubkey": "4f4f82846698ff66ae5fa9fad4c0c4eb7823afb07fa9f54ea9d15f1217ae96cc",
"created_at": 1740342651,
"kind": 1,
"tags": [
[
"e",
"beefad49efe801793ac4d71e3766d60373ad09d85c316755653cb4393226f314",
"",
"root"
],
[
"e",
"cde38a3d6b5e5eda8d8cf508f9b5dcf5cc9177d6a54fb1131b16ccc9b2bde582",
"",
"reply"
],
[
"p",
"1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d"
],
[
"p",
"e88a691e98d9987c964521dff60025f60700378a4879180dcbbb4a5027850411"
],
[
"p",
"8476d0dcdb53f1cc67efc8d33f40104394da2d33e61369a8a8ade288036977c6"
]
],
"content": "Except you would though. This debt is risk free. That’s the point of this lesson: some debt is good. Some debt is great. Some debt is fatal. Not all debt is created equal. \n\nIf I would have borrowed $10,000 and bought bitcoin at 7¢, I’d be a billionaire. But I was damn near broke (and in fact was broke a year later)…every monumentally stupid move I’ve done with bitcoin has been related to a fear of debt and miscalculation of risk.",
"sig": "f9cccdc6f4a9e9b18086ea78778eeee1f8131207c440df0b26ebd2ce8b1b19c3dc9b8350de5dedfde481069390284dac0eb0c741c7a339ce0dcb9ad9c53f48ed"
}
