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Author Topic: Is there a place in the world you could live like a king via sig campaigns?  (Read 7474 times)
wozzek23
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April 03, 2022, 08:54:09 PM
Merited by The Sceptical Chymist (4)
 #101

There is really none, and people forget that living like a king is relevant to where you are. If you think that you could "live like a king" in Zimbabwe or Venezuela, you are forgetting the main reason why they are poor, it is not just lack of money in the people, its lack of "stuff". Do you really think that you could go there, and buy a ps5 that easily?
Well, I didn't state it outright but I'm making the assumption that I would bring all of my possessions with me to wherever it is I can wear my crown (lol).  And I'm going to make a further assumption that if I needed something like a PS5 I could buy it online and have it delivered.  Am I wrong in that assumption?  I don't know if Newegg or Amazon ships to Zimbabwe or Venezuela, but I can't imagine those countries don't have people buying stuff online.

I'd love to go to Zimbabwe, by the way.  I've read stories of the bush and its climate, and a lot of that appeals to me.
The main problem here is not the fact that you can't buy online, maybe you can and I do not know. But the signature campaign doesn't pay a lot. Even the best one right now has like 1200 dollars this means that they are going to allow you to live like a king in the regular sense, but when you want to buy like a PS5 then you gonna spend 300+ dollars, plus a high tax probably because you are in a bad nation, so maybe half or over the half will go there, there are nations (where I live) that will take literally 2x of it as taxes, so you would pay 900 for it.

This is the trouble, if you already have stuff that's fine, but when you want to buy it, with the signature campaign, even on the best one, you would be doing badly.
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April 13, 2022, 09:20:43 PM
Merited by The Sceptical Chymist (5), JayJuanGee (3), pooya87 (2)
 #102

I cannot be sure as the level of comfort varies from one personal standard to another.
Well, you read what I wrote as far as cock-of-the-walk standards, and I probably should have included buying some sort of luxury vehice--not a Bentley or Rolls, but a slick Mercedes or sporty BMW would do just fine.
A high standard of living and luxury vehicles at the same time even in poor countries is not possible, especially when we take 5 people in account. You can make saving alone and it would even take years to buy luxury items but I think you misunderstand some aspects of product prices in poor countries. For example, if Sporty BMW is worth $40,000 in Germany, its price will be slightly lower or higher in other countries, even if the country is diving into poverty because you know, the product is sold to the highest bidders and business doesn't know empathy like this: Oh, this country is poor, we should give our cars to them at cheap prices.


There are many problems that you may face in "Cheap Countries":
  • High rate of corruption and nepotism
  • There is a high chance that crime rates are higher than in developed nations (I don't mean the USA)
  • Language barrier (especially in post-soviet countries if you don't know Russian or the local language)
  • The different culture of having fun
  • Not all cities/towns in poor countries have GYMs or swimming pools.
  • In countries where major society lives poor, everyone will chance to rob you! Believe me!
  • Streets may be dirtier with bad public transport (if any)
  • You may become a victim of racism and it will be far more visible than it's in your developed country
  • It may be hard for you and those 5 people to make friends.
  • There may be serious stigma around Drugs in the society and you may find it even very hard and expensive to get them.

Seriously, there are things that we don't appreciate and don't understand. Everything has a price, different one but the rewarding ones always cost more.
You are either lucky and born in Switzerland or life sucks!

I'm a senior unix system engineer with 2 masters in a developed west european country and i make about $3500/month.
The sad fact in Europe is that people in IT industries are paid very low compared to the USA market and our tax rates are just insane, I know it has its huge pros compared to the USA but things are mandatory even if you don't need them or aren't afraid of them and you can't improve yourself, you can't become rich. You can just live a happy normal life but if you are ambitious, just forget it.

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April 13, 2022, 09:59:24 PM
 #103

I think first word country people need to travel a bit and realize how cheap living could be.
Some do, and I certainly would if I had enough money.  Unfortunately I don't, nor do I have anyone to travel with (sadly).  I'd love to check out India and the surrounding countries, and some countries in South America as well--Brazil and Belize in particular.

I believe you should consider South East Asian countries, which are typically third world countries such as the Philippines, where the cost of living is low because renting a small boarding house here was around $40/month (this is a decent one, you will have your own room a shared kitchen and bathroom), renting a whole house here is mostly $200, with the bills sometimes being free and also wifi depending on your landlord, but the problem is very low salary, with the minimum wage being only $1.25 an hour. I saw a lot of Americans visiting our country because of the climate and also they knew that Filipinos are very accommodating to visitors.

Like what I also previously mentioned, the cost of living in the Philippines is relatively cheap compared to other South East Asia countries. Unfortunately, the minimum wage of our country is around p537.00 (~$11)/day and majority of the people are below the average income median. With this in mind, lots of tourists visit the country in which there are also foreigners who migrate and live in this country.

Since in essence, the value of currency is relative per country, you could say that participating into campaign signatures are privileges that our citizens seek. Having that convenience of working online and at the same time earning/investing is a blessing to everyone in our country.
There are places on the globe which does have big conversion of their local currency from USD which it would really be looking that big whenever you do really earn on USD value and since we know that signature campaigns does really have good rates thats why it would really be that normal that people who do live on this areas would really be focusing on getting a slot.
You wont really live like a king but you would really be having a decent way of living in terms of finance but of course we know that campaigns shouldnt be treated as main jobs.
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April 14, 2022, 11:29:16 AM
Merited by JayJuanGee (1)
 #104

Thailand? Where you can lead decent life for $6000 per month and probably can live like a king as well
Thailand might be a good choice as far as climate goes, and I'd certainly consider it on that basis, but $6k/month for a decent life?  Hell, I could have that right here in the good old US of A if I had that much income.  Lol.  I don't.  That's why my semi-fantasy crypto paradise castle has to be located in a country where the cost of living is cheap.  It doesn't sound like it is in Thailand--and I'd be able to eat just fine for $10 in the US too.

Since in essence, the value of currency is relative per country, you could say that participating into campaign signatures are privileges that our citizens seek. Having that convenience of working online and at the same time earning/investing is a blessing to everyone in our country.
I bet it is, given what you've said about the average income, which pales in comparison to what you could make in a decent sig campaign.  So assuming the climate and cost of living boxes are checked off as far as the Philippines goes, is there a possibility of buying or renting a very large house that's free of insects, has stable electricity and internet, and isn't going to be a target for local gangs (I don't know if there are any, but I'd assume a bunch of foreigners in a castle would be eyed with suspicion if not outright hostility.  That could be said of many countries.)?

Also: do houses in the Philippines typically have basements--or do basements exist there at all?  There are parts of the US where basements can't be built, so I know they don't exist everywhere.

This is the trouble, if you already have stuff that's fine, but when you want to buy it, with the signature campaign, even on the best one, you would be doing badly.
For the purposes of this thread (and speaking for myself only), let's assume that I have pretty much all I need already in terms of possessions, which I'd bring with me to the castle.

Which means that you could earn 4.5 times more than what a minimum salary worker could earn, simply by working on chipmixer and nothing else.
WOW!  But Turkey is out of the question for reasons you and I both know.  I've no grievances with Turks, but I doubt any Americans are going to be moving into a Turkish town and trying to roll around like bosses with cigars, booze, women, and whatever else the Chipmixer funds can buy.

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April 14, 2022, 02:45:14 PM
Merited by The Sceptical Chymist (4), JayJuanGee (1)
 #105

Since in essence, the value of currency is relative per country, you could say that participating into campaign signatures are privileges that our citizens seek. Having that convenience of working online and at the same time earning/investing is a blessing to everyone in our country.

Quote
I bet it is, given what you've said about the average income, which pales in comparison to what you could make in a decent sig campaign.  So assuming the climate and cost of living boxes are checked off as far as the Philippines goes, is there a possibility of buying or renting a very large house that's free of insects, has stable electricity and internet, and isn't going to be a target for local gangs (I don't know if there are any, but I'd assume a bunch of foreigners in a castle would be eyed with suspicion if not outright hostility.  That could be said of many countries.)?

Oh it is definitely possible! To give you a concrete example, my cousin rents a two-storey house in which he pays around $300/month. The place is semi-furnished and the house is located on a relatively safe village where security guards patrol the said area.

In addition to the said house, my college friend rented a condominium unit (kindly refer to the image below) in which he also paid roughy $280-$320/month inclusive of association dues in which the said unit is secured by dozens of security guards everywhere. It also has a pool, public amenities, etc.





Quote
Also: do houses in the Philippines typically have basements--or do basements exist there at all?  There are parts of the US where basements can't be built, so I know they don't exist everywhere.

As far as I know, houses that have basements are usually owned by people who are living above the median household. Of all the houses that I have visited, I have yet to see a house with a basement.

R


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April 14, 2022, 03:53:07 PM
Merited by The Sceptical Chymist (5), JayJuanGee (2)
 #106

Well depends on the signature campaign isn't it?

-snip-

There are waaaay more serious reasons why you shouldn't come here though Cheesy

Surely average signature campaigns are enough for the good life, but living like a king is an open-ended definition. You can have a life above the standard of living of ordinary people. It wasn't like this before. Especially in the last 6 months, the rise in the US Dollar/Turkish Lira currency has caused this. Not so long ago, last November, USD was half of its current price. I remember when Legendary accounts earned less than minimum wage. So this may be a temporary situation. Just don't rely on it here.
One thing is for sure, the opportunities in crypto are endless.

The country is geographically in a very beautiful location, but political actors don't let people breathe. Even if you have money, you lack many freedoms, including freedom of speech, which is a valid reason not to live here. To put it simply, it's forbidden to access many sites without using a VPN. It's forbidden to pass many products through customs or there are very expensive taxes. As you said, buying a house and a car is next to impossible because of taxes. The healthcare system is very expensive. Public officials are corrupt. The refugee problem -almost 5 million?- is huge etc. It's enough to have an ordinary life though. If you are not a luxury lover, you can live with signature campaign money.

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April 14, 2022, 06:16:55 PM
Merited by JayJuanGee (1)
 #107

Well I can honestly (and sadly) confirm there is like 20-30$ difference left between my signature campaign gain and monthly wage in Turkey. And I am working in a guarenteed job which can be said that paying at average level for Anatolian cities. It is so sad that Turkey became like this, in past retired wages were more than 500$, many people was getting paid more than $1000 at least like 10-15 years ago. Now 1000 dollar is like a dream for many new graduated people. Especially costs are increased and even if you make 1000$ you won't feel that safe. Anyways, with forum income of legendary account, you can 'survive' if you don't pay rent.
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April 14, 2022, 06:27:48 PM
Merited by The Sceptical Chymist (6), JayJuanGee (1)
 #108

WOW!  But Turkey is out of the question for reasons you and I both know.  I've no grievances with Turks, but I doubt any Americans are going to be moving into a Turkish town and trying to roll around like bosses with cigars, booze, women, and whatever else the Chipmixer funds can buy.

This is exactly why I said there are way more serious reasons why you shouldn't consider turkey Cheesy I mean it would be financially possible, I am doing it myself and I can tell you that its not too bad, I am in full time crypto and trying to earn any buck I could and have been a content writer for almost 6 years and never worked in an office, pure crypto content writing including signature campaigns as well and I have been living a decent life. But I am turkish, so its where I am from, for you? I would stay away as much as possible Cheesy


I agree, its also not really "possible" to live with just signature campaign, even if you have a legendary account, because the "possibility" and willingness are different things. Could you live and not die? Yes, but that is no way of living if you ask me. I make over a grand every month, just a little, you could say I make 1k, and even with that I have nothing left, and I "live", there are people working for 300 bucks a month and they survive, they do not live, they just simply stay alive, those are different things. Living like kings requires more like 5k a month, which you could really live like kings for sure.

Good thing is, when the dollar was low, the prices was low, so I was capable of living the same exact life 6 months ago, 1 year ago, 3 years ago, and even today, yes life became more expensive, but dollar went up, so my wage got up, so I am living the same exact life as I did for the past 4 years.

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April 14, 2022, 07:35:04 PM
 #109

Do you mean receiving $1500 a week? This is a huge sum of amount that can even buy a clean car in my country. This is a luxury pay and even if it is the total pay of family of five, it's still good for the whole family. For you to receive this kind of pay my country as a work, you'll have to be a manager or probably a politician.

There are lots of things you can do with the huge sum of $1500 in my region, like it can get you a plot of land maybe in a remote area. You can leave a luxury life here with beautiful babes if you are a bachelor. So many things to acquire with such amount of money.

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April 14, 2022, 07:59:14 PM
Merited by JayJuanGee (1)
 #110

I live in Indonesia and the average salary of people here is $200 - $300/month. just imagine if you earn $70/week from a signature campaign (I use the rate on legendary member rewards in many BTC paid campaigns) then you can live comfortably here, especially if you have other side income, your income will increase 2x or 3x.

R


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April 14, 2022, 09:30:15 PM
 #111

Don't take the signature campaigns as a main income. This is should be just a bonus for the time and effort spent on the forum but turning it into your main income, there are too many negative effects.
First, spamming the forum because of the fulfilling of the minimum requirements often are quite high and if you have nothing to add to the conversation, you just post low effort posts and turn yourself to a spammer.

Even if the current signature campaigns today are paying well, but its never advisable to make it as a priority and be a sole source of income. Even if you live in countries where there is low cost of living, the funds we get from signature campaigns are not sufficient enough. However, if you treat it as another source of income, that will be more great. I believe working in signature campaigns alone will never give you a very comfortable life, but working in it as another source of income, there will always be high probability that it will give you a comfortable life.

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April 18, 2022, 04:04:34 PM
Merited by JayJuanGee (1)
 #112

Yes, you could settle down in India and live like a king with $1500 earnt per month through your family. I'd suggest you find a great place in Bengaluru where you could get a posh place to live along with security for a rent of around $600 per month. The groceries are cheap and you can call in food and squeeze everything in with the next $400-$800 depending on how you spend and still have some cash left at the end of it. India might be considered as a third world country and there might be a few riots here and there, but you can always find a safe place with enough guards to look after you.

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April 18, 2022, 05:32:08 PM
 #113

Don't take the signature campaigns as a main income. This is should be just a bonus for the time and effort spent on the forum but turning it into your main income, there are too many negative effects.
First, spamming the forum because of the fulfilling of the minimum requirements often are quite high and if you have nothing to add to the conversation, you just post low effort posts and turn yourself to a spammer.

Even if the current signature campaigns today are paying well, but its never advisable to make it as a priority and be a sole source of income. Even if you live in countries where there is low cost of living, the funds we get from signature campaigns are not sufficient enough. However, if you treat it as another source of income, that will be more great. I believe working in signature campaigns alone will never give you a very comfortable life, but working in it as another source of income, there will always be high probability that it will give you a comfortable life.
You would be fucked up hard if you do make signature campaigns as a main income because we know that it do only last for few weeks, if in luck then you would able to be on a campaign for a year or couple but it wont really be lasting forever thats why it isnt really that good for you to rely on.

For side income or extra then it isnt really a bad idea to have.In third world country living then this kind of pay would really be putting you on a decent life but of course everything does have its end if ever you do able to reach out that situation.

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April 18, 2022, 06:34:42 PM
 #114

I'm asking this question seriously, though I'm going to qualify that by saying that I'm not planning on doing anything like this.  It's just a fantasy of mine, and the question very much has to do with economics, i.e., it basically has to do with economies in various parts of the world and the cost of living.  **Edit: This thread would be appropriate for Bitcoin Discussion as well, but mods, please don't move it there.  This isn't a thread that's meant to be funny, and I'd like thoughtful replies--which I won't get if the thread gets buried in a picosecond within the wasteland of what should be the most important section on the entire forum.**

Let's say a few of the Chipmixer crowd wanted to escape whatever tyranny they were living under in their country or countries (I picked that campaign because I think it's the highest-paying one, but correct me if I'm wrong).  We'll assume for the sake of argument that the campaign is going to continue indefinitely and that each member (let's say five in total) make the maximum number of posts per week, earning $300 worth of bitcoin in the process.  Let's further assume that these Chipmixer snobs demand only the best--Havana cigars, a large dwelling with a decent amount of land and no neighbors, a wine cellar (to be filled), and all the illicit and legal substances their cadre of well-endowed women can procure.  And a lawyer on retainer.

My question is whether there's any place on earth where $1500/week could allow five roommates to live very comfortably--perhaps not as boss-like as I described above, but maybe at least the big house and property.  Over the years I've heard stories that Filipino members were able to pay for a good weekly allocation of food just from campaign earnings, and they amounted to a lot less the last time I participated in one of those discussions.  I'm not picking on the Philippines; it's just something I remember and I don't even know if it's true.  What I'm fairly sure of is that there really do exist bounty farms within single households, where multiple family members are all on bitcointalk spamming away and earning who knows how much.

That tells me that there's something to it, because there's no way father, sons, mom, and whatever grandparents are still alive would be bounty hunting if it weren't at least a little bit lucrative.  So I'd love to know how far campaign earnings ($1500 per week for 5 people in my example) could be stretched.  Are there actually places out there where one could not only survive but thrive by earning bitcoin on the forum?

<and how does one go about getting citizenship?>

I'll lock this thread if anyone reports that this has been discussed ad nauseam.  But if it has, I've certainly missed it.

There are many places around the world where you could survive on that sort of money. Infact outside of Europe and North America, along with a few other high cost places to live like Australia, it can actually be a huge sum of money. However it is all relative, you might be able to "live like a king" in certain places, but even then you would end up more like a slum lord in some dirt poor village. I would much rather live a comfy life, maybe in the cheaper parts of Europe, and pick up a part time job to boost earnings, rather than move to a place where you might even need to hire security and you would constantly be looking over your shoulder out of fear.

R


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April 18, 2022, 06:39:40 PM
Merited by The Sceptical Chymist (4), JayJuanGee (2)
 #115

~ its lack of "stuff". Do you really think that you could go there, and buy a ps5 that easily? I mean even if you have the money for it? Or you could go there and have a luxury food? Order sushi from somewhere?

If he finds himself in an area where he can't buy ps5 easily means that is a very remote area and with the amount of money he presumably earn per week he shouldn't be in such area don't you think?
With that amount he can live very comfortably in any major city of most of the third world countries and be able to buy ps5 or order sushi easily  Wink

~These are pretty regular normal stuff for an American. Forget about living like a king, just learn to live a decent and happy life in a great nation, that can be the real goal for a common man (at least in my born and brought up). You cannot be a mid income person in the USA or UK with just signature earning, that's for sure.

These things you mentioned are also very regular to the average person in most third world countries, and by regular I mean not earning close to the amount mentioned, I honestly do not know why you think these things will be hard to get, all you need do is get a place in the right location and you will be surprise what you can get.

Plus I love the idea, I think changing location is a good thing because it gives an opportunity to explore and understand the world better. Although am not sure about sustaining that idea with earnings from signature campaign only. @The pharmacist I hope you will get the capital to fulfill your desire soon.

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April 18, 2022, 08:23:26 PM
Merited by JayJuanGee (1)
 #116

my cousin rents a two-storey house in which he pays around $300/month. The place is semi-furnished and the house is located on a relatively safe village where security guards patrol the said area.
Wowza!  In New York City you can't even rent a hotel room for a night if you only had $300 in your wallet, and I don't think there are any apartments in the US of more than one room that are going for $300/month.  That kind of boggles my mind.  However, I've lived in apartments that were managed by "associations" and I can't say I liked the business model very much.  I'd much rather buy a free-standing house and not rent anything--and I would not want security guards around unless they'd been hired by my castle staff.

As far as I know, houses that have basements are usually owned by people who are living above the median household. Of all the houses that I have visited, I have yet to see a house with a basement.
Huh.  So you're saying they exist in the Philippines but are only in the more expensive dwellings?  That'd work.

I'm about ready to lock up this thread.  I've enjoyed hearing all of your suggestions and this has helped me distribute a lot of merits--no doubt that's why I got so many replies, but I didn't just merit posts indiscriminately.  And if anyone would like to join my signature campaign posse in as close to a paradise as can be achieved, give it some thought.  My fantasies grow more intense by the day.

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.HUGE.
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April 25, 2022, 10:44:33 AM
Merited by JayJuanGee (1)
 #117

By request I'm unlocking this thread for further discussion--and I probably should have just kept it going anyway since it fuels my fantasies and is like retirement porn for me (lol). 

And yeah, I realize word's gotten around that there's a merit jamboree happening all up in this piece, but I'm only meriting posts that have obviously had some thought put into them.

Some of you may remember that infamous picture that's been posted a few times on the forum, which shows a bunch of people sitting around a table with their computers, at least one of which has bitcointalk on the screen.  Well, I'm looking to create an upscale version of that....whatever it was.  Probably a shitposting farm.  If my small group were in such a photograph, there would be leather chairs, cigars, and a finely-carved oak door leading to the wine cellar.

I'd also like to point out that $1500/week divided between five people isn't the maximum income that could be achieved.  Sig campaigns would be the primary source, but there could also be some mining or other crypto-related activities adding to the coffers.  So keep that in mind when you're posting.

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.HUGE.
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April 25, 2022, 03:40:01 PM
Merited by The Sceptical Chymist (5)
 #118

By request I'm unlocking this thread for further discussion--and I probably should have just kept it going anyway since it fuels my fantasies and is like retirement porn for me (lol). 

For sure, I am glad that you have unlocked this thread because as you mentioned, I think that batting around ideas in this topic can appeal to a lot of possible scenarios besides merely the signature campaign income and even sharing cost with 5 guys.. as one of the earlier posters had mentioned.. why the fuck would you want to live with other people if you could live pretty well on your own with your own portion of the signature campaign income?

Don't get me wrong.  To some degree, I do appreciate the idea of sharing costs, and for sure, if you had not yet reached a kind of high enough level of savings - such as reaching a kind of fuck you status, then for sure, you can save money as you are still stacking away savings in order to be able to live off without having to worry about income from external sources, whether that's a signature campaign or some other forms of income that you might have.

I have also heard quite a few theories that make sense to me is to earn your money in western countries, and go to retire in lower income countries where you will not need as much money to maintain your previous standard of living.

By the way.. I did go back and merit a couple of your posts, The Pharmacist.. and part of the reason that I had not merited them previously was because I had noticed that you had locked the thread.. so I was harboring some passive/aggressive resentment about that... hahahahahaha

Of course, another angle that makes this whole thread to be a great topic would be that in about the last nearly two years, I had been asserting that in western countries, we need to move our entry-level fuck you status level up from $1 million to $2 million... which has some presumptions of having to have a passive income of more than $6k per month rather than $3k per month in order to feel comfortable pulling the fuck you lever (meaning quitting your job and living off of your passive income - in a western country).

So far this thread seems to have allowed for a lot of discussion regarding how it may well still be quite feasible to live way below what I had suggested to be entry-level fuck you status in the west..... and guys here are considering incomes of less than $1k per month to have the potential for living pretty well in some places.  So in that regard, the actual examples (even if not specifically applicable in the west) might be providing some on-the-ground experiential evidence that the fuck you entry-level can practically be adjusted to pretty low levels in some parts of the world, and whether that would be realistic may well have to do with what kinds of “giving things up” trade offs that guys might be willing to undertake, and surely each place has its plusses or minuses whether we are referring to infrastructure, safety or even the exotic factor (which could cause benefits and costs)…

For sure, if we might be able to live quite comfortably with $300 or $500 per month, it still might be good to have $1k per month in order to maintain an emergency fund, continue to invest, or for sure there would be some need to account for possible traveling costs from time to time that many times would need to be saved up if we might choose to live in a part of the world that is far away from what we had already had as a family and built some friends, perhaps? 

I am not even sure if there would be any necessity to increase luxury levels upon retirement, but those would be individualized matters to consider.  For example, some folks do want to travel more if they were to retire - which surely there can be ways that traveling ends up being a kinds of expensive hobby to maintain, even if it might not have to be if long-term rather than short-term lodging rentals are part of the traveling package.  For sure many of us realize that if we rent longer term, we may well pay only a fraction of the price of a short-term rental.. and surely levels of furnishing changes the pricing as well.

And yeah, I realize word's gotten around that there's a merit jamboree happening all up in this piece, but I'm only meriting posts that have obviously had some thought put into them.

Some of you may remember that infamous picture that's been posted a few times on the forum, which shows a bunch of people sitting around a table with their computers, at least one of which has bitcointalk on the screen.  Well, I'm looking to create an upscale version of that....whatever it was.  Probably a shitposting farm.  If my small group were in such a photograph, there would be leather chairs, cigars, and a finely-carved oak door leading to the wine cellar.

I'd also like to point out that $1500/week divided between five people isn't the maximum income that could be achieved.  Sig campaigns would be the primary source, but there could also be some mining or other crypto-related activities adding to the coffers.  So keep that in mind when you're posting.

When I first came across this thread, my initial thought was that the income from a signature campaign would be too unstable and too uncertain to really rely upon, and personally, I have always considered that any budget that any of us develops should attempt to account for various income sources changing or drying up, and in some sense, it can really take a while to be able to build enough of a savings to then later be comfortable to live off of the passive income from that savings... but gosh with so many examples of being able to live fairly comfortable with sub $1k per month living expenses, there still could be ways to continue to save while living in those lower cost areas, but still if your income did all of a sudden dry up, then you may well have to have some where in the ball park of $300k plus saved up in order to somewhat reliably be able to have a passive income for that.. and maybe I am getting beyond the topic if I am arguing the different ways that passive incomes may well be sustainable. .and how much might be needed to have them be sustainable... and for sure, guys want to do it for way less than some of the cushion numbers that I suggest to be minimum levels to have assurances of sustainability of such passive income without depleting the principle.


1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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April 29, 2022, 12:21:38 PM
Merited by JayJuanGee (2)
 #119

Do you mean receiving $1500 a week?
Man, don't make me regret I unlocked this thread--I think I've explained the scenario that's been playing out in my head in enough detail such that anyone who can read would be able to understand what I'm talking about. 

Five members.  Each member earns $300/week in the Chipmixer campaign (best case scenario).  Use advanced calculus and integrate all of that info, and you get $1500 total--but that's for all five members.  In addition to that, there could be some GPU or ASIC mining happening as a side hustle (but not in the basement where my crib will be located), and there's also whatever money we bring with us to our paradise.

Got it?

why the fuck would you want to live with other people if you could live pretty well on your own with your own portion of the signature campaign income?
One reason would be that I'd be moving to a foreign country with no friends or family, and having at least a few people with a shared interest would make the move much easier.  Plus I'm talking about living in a Big Effing House and that's something too expensive for me all by myself.  Otherwise, you're right:  I'd much prefer to live by myself.

Of course, another angle that makes this whole thread to be a great topic would be that in about the last nearly two years, I had been asserting that in western countries, we need to move our entry-level fuck you status level up from $1 million to $2 million
Fuck-you status is a state of mind IMO, not a number representing how many dollars or crypto you have.  Even people locked up in prison with no money whatsoever can have enough balls to tell the guards to go fuck themselves, consequences be what they may.  If you're looking at life through the lens of a 9-5 worker bee, sure, you can't jump on your boss's desk and piss in his trash bin.  But if you're a psychotic nihilist with a pseudo-Buddhist mindset like me, there's nothing standing in my way of yelling FUCK YOU to the world atop the Empire State building.

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April 29, 2022, 01:37:12 PM
Merited by The Sceptical Chymist (3), JayJuanGee (2)
 #120

I really appreciate the reopening of this insightful thread and i see it relevance even at the current econmy downside going on globally with inflation everywhere, discussions here could just be a solution to someone's economic challenges amidst the ongoing global crisis, one thing i see most people missed out is on how to derive a means to make all ends meet, managing economy for survival is what is very important in decision making, many don't know how to plan and budget themselves but this thread will give a guide through in achieving a good financial plan for oneself and the entire family as the case maybe.

This is the best time to re-strategize and cut cost of living expenses, we noticed how fiat currency are going down as a result of inflation but the value of bitcoin is still maintained despite volatility, and i see the need in the maximization of this opportunity to evade the effect of the economy clampdown, it's not necessary that one must find a living in a developing countries before they can leave like a king via their signature campaign, I've seen people doing pretty good in the remote areas of a developed country because they know how to manage things and cut cost appropriately in other to meet up to a living standard.

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