I am a #BTC centrist as well. The only thing that matters is not playing around loosely with layer 1. Outside of that, things built on BTC will create value for it. Many newcomers don’t even remember BTC used onboard the entire alt economy and that did not hurt BTC
You can be a bitcoin centrist and still believe that most other projects are scams/overvalued. You can believe BTC is unique and special compared to other non POW projects. You don’t have to renounce any of that. It’s just about realizing the best way to play the game
People have made a lot of money this cycle in non BTC cryptos. What’s going to make them take a deeper look at bitcoin and it’s unique properties? Calling them scammers/dumb shitcoiners or congratulating them and encouraging them to zoom out and roll some profits into BTC?
Furthermore if you look at something like ETH, the layer 1 functions very poorly compared to BTC or centralized ETH killers but the token has performed well largely because stuff built on ETH was accretive to ETH the asset.
It’s always important to incorporate new information in your framework for anything. It’s possible to be a small blocker and pro layer 2 development and not let vocal stakeholders dissuade new innovation in BTC that compromises their interests
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Following up with a Quick thread on some pros and cons on certain types of condos for breaking into RE investing in today’s environment. Multifamily cap rates/returns have fallen as institutional money has flooded in RE. Many areas people are priced out of SFR and MFR already…
For people who are experienced and/or intend to do deep value add obviously you don’t really want to touch condo’s. Dealing with hoa’s is generally a nightmare especially if doing extensive renovations. However for buy and hold with modest touch ups there can be some sweet spots
Although hoa fees are generally an inefficient use of capital I do find I get some return when it comes to condo rentals. Not having to coordinate logistics of lawn care or snow plowing removes pain points. The grounds are always nice to show a new prospective tenant
I’m Gabe, I’ve been lurking #retwit wanting to engage more so I’m going to give this a go. I’m small potatoes compared to @realEstateTrent and some of the giants here but figured I would give a little background and current thoughts in case anyone finds it interesting.
2021 was a big year for me! I cashed out some crypto profits and had a great year of poker in a challenging environment with Covid. I paid off my first property (cool feeling) and bought 2 more which are rented and cash flowing well.
My wife and I welcomed our second son in October as well so it’s a full and blessed year. (I can’t wait to sleep why I am tweeting 🤣)My motivation in RE is building passive income to supplement my poker income and eventually pay for kids kids college/our retirement passively.