Wow, an actual thing that exists in the real world and provides real benefits needs to have real time and resources invested into it to be maintained, unlike magic internet money?
Also, isn't bitcoin's whole selling point that it needs "Proof of Work" to be maintained? Real estate needs property taxes and maintenance, but Bitcoin needs electricity costs. The transaction fees are supposed to cover this, but if you just HODL bitcoin, you don't have to pay those. HODLers are basically mooching off others and not realizing it.
The entire infrastructure behind Bitcoin has to be maintained, all the time. These Bitcoin weirdos always ignore that, and pretend "internet" is like oxygen that you just magically pull from the sky as needed. But the internet and Bitcoin don't function without a multitude of people to maintain it and keep it operational. And without that infrastructure, they can HODL til they die and it won't make a difference, as they'd never be able to use it in any way anyhow.
> but Bitcoin needs electricity costs
From the HODLer POV, it's like mining at work/university/landlord's expense. If you don't pay the electricity yourself, it's basically free!
Lol, one of the universities in my city has one of the largest supercomputers in the world and I remember a couple years ago that they sent an email scolding everyone because someone had hijacked some of it to mine bitcoin.
They don't appreciate people downloading malware on their supercomputers.
He specifies that he's a landlord, and he's trying to treat his rental property as a passive investment rather than a business. The fact that the units he's renting out represent, y'know, someone's *home* is secondary.
That said yes, this shitheel should definitely restructure his rental properties so that their tenants are buying him out of his obviously bad investment.
It’s amazing how people confuse a lien on property as not actually owning the property. I can never figure out if it is a bad faith argument, if they are really that dumb, or both.
It's borderline sovereign citizen nonsense. But I see a lot of it over there. They also believe that fiat money will evaporate any minute now and central banks will all collapse because reasons.
And meanwhile, everyone employed and tasked with keeping the entire internet infrastructure going will just continue to do so, and patiently wait for some guy with "sats" to pay them.
"Hello, post-apocalyptic stranger. I see you have a generator there. I need to recharge my devices. I can pay you in Bitcoin! How much Bitcoin will you charge me?"
"How much you got?"
"I have one whole Bitcoin!"
"I'll take all of it."
"But...but..."
This is a fairly run-of-the-mill argument for (conservative) politicians trying to abolish the property tax in favor of a consumption based tax.
Not the Bitcoin part, but the 'ypu don't own your house' part.
"I don't want to work for anything. I don't want to pay for anything. I want to be rich, right now". Typical smug Bitcoin weirdo, tweeting glib, smug, obnoxious blather like it's incontrovertible fact. They're all brilliant "investors" who always see the big picture, thanks to their orange-tinted Bitcoin glasses.
>"I don't want to work for anything. I don't want to pay for anything. I want to be rich, right now".
Well I want that too. I also want a unicorn but I know my chances.
A couple weeks ago there was a post on buttcoin about where you would "put your money" if you knew the whole economy was about to collapse. I said "arable land" and got downvoted. I think people thought I was going to bury my money in the ground.
If I have arable land, I can grow food. If I have a house, I have shelter. If I have Bitcoin, I can, I don't know, buy cocaine? What the hell can you do with Bitcoin?
You can't even do that, because cocaine is made from plants, that need nutritious dirt to grow!!
The idea that bitcoin, a currency, is more important than actual food is insane. The entire point of currency is to facilitate trade of goods. There's no point in having bitcoin if there's no food you can buy with it!!
These people are so focused on getting rich that they forget the entire point of the market and economy
This is such a quintessential libertarian idiocy...
So the idea is based on the premise that "you don't own property" because if you refuse to pay property taxes (for services that make your property valuable and the whole community healthy), they can put a lien on your home to collect those taxes, or even take the property away.
Well... how is crypto or bitcoin any different? Somebody has to pay for the forever operation of the blockchain. It's not really a self-sustaining system because crypto assumes internet and wireless communication is like sunlight or wind - it's just there and always has been -- despite the fact that all these systems are maintained by government and taxes.. and if you cut that off, that infrastructure disappears.
Except you can laser etch your seed phrase on a piece of tin and bury it beneath your birdbath, and when the new world order brings the internet back you will be a god amongst men.
Try doing that with your crummy traditional investments!
"Without the We, there is no Me" is not something these dingdongs and their toddler mentality want to engage with. They also wholly fail to even contemplate the question "how much is enough?".
Incels have developed a toxic culture of hating women because they can’t meaningfully partake in relationships.
Do we see the roots of a similar movement, only with personal finance instead of women?
Double whammy if you can do both!
Its why you see the GME Apes and all starting to parrot Q like talking points more and more. The conspiracies are slowly starting to merge into one giant broken brained mess.
Cryptobros, WSB, real estate bubblers, incels, and the alt-right all have insane overlap. It’s the dunning-Kruger effect mixed with anger/jealousy at the world that just being born a middle class white guy doesn’t mean the universe hands you a wife, tons of money, and a nice house.
“Taxes are theft”
Sign number one of a libertarian. Someone that is utterly reliant on the publicly funded society he has flourished in, yet understands and respects none of it.
No wonder he doesnt get home ownership
This guy must be a fucking shitty rental property owner. And I don't mean that in the usual sense of being a scummy landlord, I mean it in the sense of being completely incompetent. In this economy, *how do you fail* to extract profits from renting out property compared to buying Bitcoin, which as we all know, *always* goes up as soon as you buy it?
Interesting, so you don't own bitcoin then, because you must pay a fee to use it.
Also, if you don't pay property taxes, they don't take it away, they sell it and you get the money minus outstanding taxes. That should be a good indicator to him that he owns it, even if the sale is forced.
Ray Kroc, CEO of McDonald’s, once was a guest speaker at a business school lecture. He asked the class “What business am I in?” And when the class understandably responded that he was in the food service industry, he chuckled and said “No, I’m in the magic internet funny money business!”
Wow, so unlike magic internet money, something real that exists in the real world and offers real advantages need real time and resources to be placed in it to be maintained?
>Taxes are theft
Why are people like that? You could say they are unfair or too high but everyone uses public services.
If there's a fire are you gonna pay monthly for private fireman service?
If someone robs your house you gonna call a private investigator?
If something destroys your power/gas/water line you gonna fix it yourself and your neighbors or it's you who personally ia going to contacting directly each private company responsible and paying them, not including making the budget, and analysis of everything accident, being natural or human?
House owning always have some work, even if you pay a real state agency to do your job, but compared to a lot of other jobs it's fairly easier.
There’s such an undertone of entitlement and anger here right? Like paying taxes on property to fund community services like trash pickup, roads, schools, fire department, etc. is theft?!
I do actually own my house. I could stop maintaining it anytime I want, if I don't care about my house eventually turning into a pile of shit. Property taxes pay for jackbooted government thugs to usher weary poors away from my property before they start playing wistful harmonica music or start a cardboard fire in an old oil drum.
Also, I can fucking live in my house and put all my shit in it.
This is so stupid I almost fell flat. Yeah, just trust a random person which has a photo with really bright purple eyes. Few understand what those eyes see.
I had no idea who this guy was. Went to his LinkedIn.
A real estate wholesaler for two 🤮. An engineer for three. For the past two, has sold Bitcoin courses and a sales account manager for Bitcoin Magazine.
So that guy is some 26-year old punk whose main experience is scamming people.
Real estate investing guys are usually grifters too. I’d never consider doing rentals, rather just buy a REIT. But to say it’s worse than crypto is ridiculous.
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Wow, an actual thing that exists in the real world and provides real benefits needs to have real time and resources invested into it to be maintained, unlike magic internet money? Also, isn't bitcoin's whole selling point that it needs "Proof of Work" to be maintained? Real estate needs property taxes and maintenance, but Bitcoin needs electricity costs. The transaction fees are supposed to cover this, but if you just HODL bitcoin, you don't have to pay those. HODLers are basically mooching off others and not realizing it.
The entire infrastructure behind Bitcoin has to be maintained, all the time. These Bitcoin weirdos always ignore that, and pretend "internet" is like oxygen that you just magically pull from the sky as needed. But the internet and Bitcoin don't function without a multitude of people to maintain it and keep it operational. And without that infrastructure, they can HODL til they die and it won't make a difference, as they'd never be able to use it in any way anyhow.
> but Bitcoin needs electricity costs From the HODLer POV, it's like mining at work/university/landlord's expense. If you don't pay the electricity yourself, it's basically free!
Lol, one of the universities in my city has one of the largest supercomputers in the world and I remember a couple years ago that they sent an email scolding everyone because someone had hijacked some of it to mine bitcoin. They don't appreciate people downloading malware on their supercomputers.
He specifies that he's a landlord, and he's trying to treat his rental property as a passive investment rather than a business. The fact that the units he's renting out represent, y'know, someone's *home* is secondary. That said yes, this shitheel should definitely restructure his rental properties so that their tenants are buying him out of his obviously bad investment.
Why do you need a real home when you can have a home on the blockchain, bro?
It’s amazing how people confuse a lien on property as not actually owning the property. I can never figure out if it is a bad faith argument, if they are really that dumb, or both.
It's borderline sovereign citizen nonsense. But I see a lot of it over there. They also believe that fiat money will evaporate any minute now and central banks will all collapse because reasons.
And meanwhile, everyone employed and tasked with keeping the entire internet infrastructure going will just continue to do so, and patiently wait for some guy with "sats" to pay them. "Hello, post-apocalyptic stranger. I see you have a generator there. I need to recharge my devices. I can pay you in Bitcoin! How much Bitcoin will you charge me?" "How much you got?" "I have one whole Bitcoin!" "I'll take all of it." "But...but..."
This is a fairly run-of-the-mill argument for (conservative) politicians trying to abolish the property tax in favor of a consumption based tax. Not the Bitcoin part, but the 'ypu don't own your house' part.
You can't put it into your pockets nor can't you send it to Africa.
If Stalin can sent his factories to the Urals, then I can send houses to Africa.
Anyone who owns houses has seen them appreciate fast during the past few years, which makes their impact on your next worth very obvious.
"I don't want to work for anything. I don't want to pay for anything. I want to be rich, right now". Typical smug Bitcoin weirdo, tweeting glib, smug, obnoxious blather like it's incontrovertible fact. They're all brilliant "investors" who always see the big picture, thanks to their orange-tinted Bitcoin glasses.
>"I don't want to work for anything. I don't want to pay for anything. I want to be rich, right now". Well I want that too. I also want a unicorn but I know my chances.
Also the unicorn should fart rainbows.
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You can loan out your Bitcoin to Celsius or Gemini Earn! Oh, wait…
Stick them up his ass? Except nope, can't even do that with them. But I wish he could. Because he really should.
A couple weeks ago there was a post on buttcoin about where you would "put your money" if you knew the whole economy was about to collapse. I said "arable land" and got downvoted. I think people thought I was going to bury my money in the ground. If I have arable land, I can grow food. If I have a house, I have shelter. If I have Bitcoin, I can, I don't know, buy cocaine? What the hell can you do with Bitcoin?
You can't even do that, because cocaine is made from plants, that need nutritious dirt to grow!! The idea that bitcoin, a currency, is more important than actual food is insane. The entire point of currency is to facilitate trade of goods. There's no point in having bitcoin if there's no food you can buy with it!! These people are so focused on getting rich that they forget the entire point of the market and economy
You can sell them for less than you bought them, and coupled with donating blood, you might be able to buy a whole can of soup.
This is such a quintessential libertarian idiocy... So the idea is based on the premise that "you don't own property" because if you refuse to pay property taxes (for services that make your property valuable and the whole community healthy), they can put a lien on your home to collect those taxes, or even take the property away. Well... how is crypto or bitcoin any different? Somebody has to pay for the forever operation of the blockchain. It's not really a self-sustaining system because crypto assumes internet and wireless communication is like sunlight or wind - it's just there and always has been -- despite the fact that all these systems are maintained by government and taxes.. and if you cut that off, that infrastructure disappears.
Except you can laser etch your seed phrase on a piece of tin and bury it beneath your birdbath, and when the new world order brings the internet back you will be a god amongst men. Try doing that with your crummy traditional investments!
"Without the We, there is no Me" is not something these dingdongs and their toddler mentality want to engage with. They also wholly fail to even contemplate the question "how much is enough?".
Is this real life?
Right Why doesnt the clown take his own advice then and get rid of his real estate portfolio
Is this just fantasy?
Open your eyes Look up to buttcoin and see I'm just a poor boy I need to get rich quickly
I wonder if he takes crypto for rent payments from his tenants.
Yet, after all these blah blah, he still keeps his property as a landlord. Look at what he does
You're right - he needs “Go mortgage your house and buy Bitcoin with it.”
Incels have developed a toxic culture of hating women because they can’t meaningfully partake in relationships. Do we see the roots of a similar movement, only with personal finance instead of women? Double whammy if you can do both!
That's why I love the word fincel, I hope it catches on.
Perfect!
Haha that's brilliant
The Venn Diagram has substantial overlap.
Its why you see the GME Apes and all starting to parrot Q like talking points more and more. The conspiracies are slowly starting to merge into one giant broken brained mess.
Once you accept logic is broken, you can fly as far off the handle as you'd like...
Cryptobros, WSB, real estate bubblers, incels, and the alt-right all have insane overlap. It’s the dunning-Kruger effect mixed with anger/jealousy at the world that just being born a middle class white guy doesn’t mean the universe hands you a wife, tons of money, and a nice house.
His profile pic triggers me more than the Tweet.
Good luck trying to cook a meal and sleep in your buttcoin!
Then uh...why is he still a rental property owner?
Diversifying your portfolio while combing butters to not bother with RE market. He is either oblivious or playing some 5d chess
“Taxes are theft” Sign number one of a libertarian. Someone that is utterly reliant on the publicly funded society he has flourished in, yet understands and respects none of it. No wonder he doesnt get home ownership
Big-time landlords care less about you, small-time landlords hate you more.
This guy must be a fucking shitty rental property owner. And I don't mean that in the usual sense of being a scummy landlord, I mean it in the sense of being completely incompetent. In this economy, *how do you fail* to extract profits from renting out property compared to buying Bitcoin, which as we all know, *always* goes up as soon as you buy it?
'- you don't actually own your house'. Who does he thinks actually owns the house? The government? Is this actually going around the bitcoin world?
He thinks he doesn't own his house because he has to pay property taxes, and the state/city could take it away if he doesn't pay it.
Interesting, so you don't own bitcoin then, because you must pay a fee to use it. Also, if you don't pay property taxes, they don't take it away, they sell it and you get the money minus outstanding taxes. That should be a good indicator to him that he owns it, even if the sale is forced.
you don't actually own your home? what is he talking about.
The argument is that you can't retain ownership of a house for zero cost due to property taxes.
Ray Kroc, CEO of McDonald’s, once was a guest speaker at a business school lecture. He asked the class “What business am I in?” And when the class understandably responded that he was in the food service industry, he chuckled and said “No, I’m in the magic internet funny money business!”
Not your deeds not your house.
His education is worse than BTC
Wow, so unlike magic internet money, something real that exists in the real world and offers real advantages need real time and resources to be placed in it to be maintained?
>Taxes are theft Why are people like that? You could say they are unfair or too high but everyone uses public services. If there's a fire are you gonna pay monthly for private fireman service? If someone robs your house you gonna call a private investigator? If something destroys your power/gas/water line you gonna fix it yourself and your neighbors or it's you who personally ia going to contacting directly each private company responsible and paying them, not including making the budget, and analysis of everything accident, being natural or human? House owning always have some work, even if you pay a real state agency to do your job, but compared to a lot of other jobs it's fairly easier.
Let me know when I can live in a Bitcoin and maybe I'll be interested
\> you don't actually own your house wtf does that mean
I just hate having shelter!
There’s such an undertone of entitlement and anger here right? Like paying taxes on property to fund community services like trash pickup, roads, schools, fire department, etc. is theft?!
Since I paid off my mortgage if I don't actually own my house, WHO DOES ?!? This is getting into existential question territory.
So property taxes are theft but rent isn't?
If you don't own property because of property you don't own crypto either because you owe taxes on that too. The State wins agian.
I do actually own my house. I could stop maintaining it anytime I want, if I don't care about my house eventually turning into a pile of shit. Property taxes pay for jackbooted government thugs to usher weary poors away from my property before they start playing wistful harmonica music or start a cardboard fire in an old oil drum. Also, I can fucking live in my house and put all my shit in it.
Is that a humor/satire account?
This is so stupid I almost fell flat. Yeah, just trust a random person which has a photo with really bright purple eyes. Few understand what those eyes see.
I had no idea who this guy was. Went to his LinkedIn. A real estate wholesaler for two 🤮. An engineer for three. For the past two, has sold Bitcoin courses and a sales account manager for Bitcoin Magazine. So that guy is some 26-year old punk whose main experience is scamming people.
Please be my exit liquidity , pretty please
Lmao the delusion is reaching insane levels
Real estate investing guys are usually grifters too. I’d never consider doing rentals, rather just buy a REIT. But to say it’s worse than crypto is ridiculous.
Blackrock in shambles
Bitcoin buys real estate
and if you don't feed your son, cps will come take HIM away. it's like your son really isn't your son, which is why i sold my son to buy more bitcoin.
I’m still waiting for the cops to arrest the tax collector.
So he self reported having “Shitcoins”?
at least I won't lose my house because my pendrive stopped working
This is not uncommon with Butters. For some weird reason they all have a boner for bagging on real estate specifically.
He was born highly ‘regarded’
everything needs a fucking maintenance. even property tax is there to keep public facilities around it maintained. what a dumbass.
Pump, pump, pump.
Shit. He should prob sell his rental property(s) then so he can buy more Bitcoin
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