Looks like you are richie to me.


Sure there is going to be some variance in the timeline on a lot of these matters, and for sure, the longer that any of us had contributed into a system, then we might have become reliant upon being able to get some income stream from various work-related retirement systems that we had invested into.

Attacks on the pension systems had surely gone into higher modes since the 80s, and yes it seems that there was borrowing against and mal-investment in regards to social security systems too - since those systems should have been self-sustaining, except that the government was allowed to borrow against that particular system - and yeah of course other health and welfare benefits have been juggled in a variety of ways too... to contribute towards difficulties in keeping them solvent. 

So, yes some of those systems have decent chances of imploding..

Of course, many of us in bitcoin have considered that bitcoin is a way to supplement or to replace some of the other directions that we might have otherwise been able to receive cashflow after we are no longer ready, willing and/or able to work.

Some of us may have been contributing more heavily into bitcoin, and it may have not even been for reasons of believing that we were going to need bitcoin to supplement our status quo cashflow areas, but then maybe in more recent times, including since March 2020, it has become more apparent (to some folks) that various aspects of status quo and traditional systems are imploding faster and more severely than we thought to be likely or possible.

I am not sure if 20 BTC is going to be enough to supplement the cashflow of any person, even though it seems that something like 100 BTC right now would be enough - yet of course, devil is in the details in regards to how much we need and when we need it..

I guess when I mentioned 100 BTC being enough, it is building on Phillipma's assertion from a month ago or so that 100BTC would not be enough for a 50-year old right now, and saying dumb shit about that 50-year old needing to sell some of his BTC blah blah blah.. which just seemed bonkers to me... actually to me it seems that around 82 BTC would be more than enough to be in entry-level fuck you status as long as you are able to wait until the BTC price returns above $24.4k - assuming that at some point in the coming 3-12 months or so that BTC prices will return above the 200-week moving average that is currently at $24.4k.

Anyway, of course, money management.. and of course no guarantees.. and surely by the time we start to get into our 50s or later, then it would seem that many of us shoudl have already created and maintained some investment portfolio that goes beyond merely having BTC and perhaps taking our other income sources, whether social security, pension, 401ks and/or other sources like that with a grain of salt... but still the various uncertain sources of income likely have greater than zero present value.. unless you really are assigning high values to Armagaeddon scenarios.