Joseph Moore

Young people were told, whatever you do with money, do not save it.

Spend it as fast as you can.

Now think about this.

If you went to work and you got paid in Dogecoin and I went to work and I got paid in Fartcoin, which by the way is a real thing, the very first thing we're going to do with that paycheck is spend it as fast as possible because we know it could go up, but it could also go down.

It could go to zero and it regularly went to zero then.

when we when we look at the past we find people doing money very differently because they were basically using and living with what we have today in crypto self-issued currencies with no government oversight or limited government oversight and they didn't like it and so they finally got to the greenback and the us dollar coming out of the civil war people flocked to that dollar because they're like i can save this thing

I can use this thing.

I can trust it to not go to zero tomorrow.

And that's what American financial advice flipped from spend as fast as you can to save as much as you can.

And so I tell people the one lesson from crypto is that every self-issued currency in American history eventually always went to zero.

So as a bubble, if you want to invest in a bubble and try to get out before everyone else does, that's great.

You do you.

But the lesson of the past is pretty clear.

This thing will eventually go to zero.

Number one, solve somebody else's problems.

We think personal financial advice is always about you and your problems.

Should you drink a latte?

Should you buy crypto?

That's about you and your problems.

It will keep you from getting broke, but it won't help you get rich.