I guess you need to explain what "being the house" means in this context.
allow me to do a little history briefing, it is wall of text btw. you may skip to avoid any mental agony.
in my opinion, there is very few house, there is only three items which i can consider it is the house, yup just three and there won't be a lot of house, it has been true since medieval age. the term "house" derived exactly from the word "house" in the oxford dictionary, house being a concrete box, where you can live and start a life or family, that's it, it is just as boring as it sound, there is nothing complex in content or context on it. the three items mentioned as house being the gold(house of money) real estate(house of land) and the casino owner(house of card), all three of them are called the house, all three of them have existed for more than a few thousands years, fyi gold and real estate and casino owner(aka the house of card) has been rooting to a history of over a few thousands years. and you would wonder why there are just three items, because that is the bare minimium for a prepper(or a peasant, a peasant without a political title, a farmer, the lowest rank/class human) to survive under any extreme condition, it has been true for thousands years and never once failed where ruling class is all filthy rich upperclass amass 99% of all wealth and peasant are all dirt poor and there is also middle class who work for upperclass, when you look at society today do you see similarity, the modern feudalism where 99.9% population is peasant while the 0.01% is elected vp, congressmen?
gold, real estate, and the casino owner. only this three "property" is the house, and these house must always win. would i reconsider whether bitcoin could be a "house" too. it is complicated to me, bitcoin only existed in less than ten years, but gold and real estate and casino owner has been around for longest time ever, they are all time tested "house" and they are also time tested always win (they have win rate 100% in thousands years), human races has been visiting casino for gambling and living in real estate and trading gold for many thousands years. yes, all gold and real estate and casino owner can never loss, 100% win rate, even during world wars they still must win 100%! for over too many years, thousands years of civilization, they are still relevant today. i'm unable to decide whether bitcoin can be considered a house, it hardly existed more than ten years and hardly thousands years time tested, not to forget bitcoin need to run on top of a computer, without computer there is no need for bitcoin too. it is hard to decide, i would like to consider bitcoin, but it has a lot of counterparty risk such as electricity, mining, icann, internet, and computer, it is hard to justify bitcoin can be a house, just simply illogical to think so.
although i didn't consider bitcoin a "house", but it is indisputable bitcoin does successfully in changing my perception on "money", a hard money, a money that is as hard as a rock, for your knowledge, money is not time tested, every money during the civilization do not last more than 200 years, (a lot of paper money come and go and never get mentioned again today in the last thousands years, nobody care about the paper money that is traded during the world war II, no bank want to accept the old world war II paper money too), bitcoin can be considered a new form of money, which is in line with the mainstream news perception on "bitcoin is the evolution of money, bank has to adopt it or getting phase out." am i trying to assert the definition that bitcoin is a money and would not last more than 200 years? well i hope i can make it clear, i would hope bitcoin to last forever, but in my lifetime that won't be my concern, i won't be living 200 years in this world to see bitcoin still existed in the future society, but that is more than enough for me survive without having to worry too much on bitcoin getting obsoleted, my only concern now is fiat would face the same fate very soon and in 200 years fiat would die and it is very near to its dead, it is too near to be honest, i need to escape or i would die too, which make bitcoin much appealing, better alternative to fiat which is about to die, bitcoin could last another 190 years that is enough for me to feel safe since i would have likely died by the time bitcoin getting obsoleted in the next 190 years.
back to topic, "you are not the house, you cannot win", it stand very true, you can never dream of beating gold, real estate and casino, even though you risk your life to try, you would still loss, you simply stand no chance to beat them. many try to beat the house, many have failed, many have died trying to beat the house, do not believe me, a lot of gamblers commit suicide trying to beat the house, read the news and horror story, do not just believe me.
about why it has to be 200 years? in my opinion, money is a form of memory in our mindset, in other word a perception "fiat is money" that live rent free in our mindset, we spend time resource and energy (opm opt opr) to make a piece of paper money work, "buying a piece of memory" make a lot of sense, fiat has value on our hand, because the bank spend a lot of time resource and energy to combat the counterfeit fiat, it is said "visa spend more energy on running the fiat currency than bitcoin protocol," it is true, the vast amount of energy on visa transaction is spend on combating the counterfeit digital fiat money, visa did a lot of verifying in their computer system to ensure the digital money they received through the mechant is "valid and genuine", all the anti counterfeiting digital fiat procedure required a lot of computing energy that's also why visa is a very energy hungry money, (that sound like fiat is also a Proof of Work), when it come to oversea money remittance the energy used to combat counterfeit fiat get more tedious, and bitcoin protocol make a better alternative to visa in comparison, "bitcoin consume less energy than visa in the same hundreds of billions dollar transacted with POW" which is a very big milestone to the money transfer system, because the energy saving is jaw dropping! and why money could only last just 200 years? because people would forget the piece of memory as time past, when the last person who accept the fiat cease to existed in this world, that is also spell the end of the memory of the fiat money they hold.
"your wealth won't last more than two generations" hold very true, two generations also means just 200 years, when the last person cease to existed it is also spell the memory with the person would also be gone, just within 200 years, nobody can recall the memory from the 200 years ago, that also include they can't recall the money that is traded by the people from 200 years ago, the memory of them are all totally forgotten. look at the paper money from world war II, anyone care? zoomers try very hard to ignore every memory concerning the world wars, zoomers also do not want any paper money sourced from the world wars II? also the loss of memory of the paper money also result on nothing of value is loss to the future generation, your grand son do not need your obsoleted money and they would still live well in the future society. memory loss and money getting obsoleted might be the only reason warren buffett getting very pervasive on value investing, his approach although is questionable but he did successful in trapping a lot of young people with debt and loss money on investing, the youth who have debt would likely help keeping the money strong and never be forgotten and obsoleted within 200 years, the more debt the young people have, the stronger the money, the stronger the economy, and the less likely the money to be obsoleted.
warren buffett going insane on bitcoin is clear proof that he is insecure about the money (notably his money too) getting obsoleted, when youth all get out of debt and making insane profit out of bitcoin, it make his money getting less and less relevant, and eventually the money is totally obsoleted when all the youth pay off their debt with the profit coming from bitcoin.
now you challenge me to explain what is "being the house",
it is as simple as to be doing nothing, just be the house and always win. to be the house and always win, all you need to do is buy gold, buy a house and lastly be the casino owner. to be value investing, you do exactly the opposite, believe in you can beat the house, do not buy gold, do not buy house, do not be casino owner, but believe you stand a chance to beat the house, you think you are more powerful than a house and can beat the house alone and like the superhero who beat every villian in the video, and believe by sticking with value investing, looking at the value on the screen, the stock screener, you think you saw an opportunity to make a winning "the beat the house" bet and success, fat hope.
