Yeah, I think I’m really just seeking another hobby business. They usually don’t succeed but are fun and take my spare cash. Bitcoin isn’t fun for me anymore. I’d like to find the joy in it again.
Discussion
Completely understand. So many other variables to consider. I have hobbies / existing business. I just use #Bitcoin as my filter for new ideas to pass.
I used to pour myself into making 3D art for Bitcoin on twitter but I got jaded. Not very satisfying from an external motivator perspective. I should re-vamp it. It’s hard spending hours on something to get a couple likes.
Interesting you say that. I also did similar years ago. Twitter just isn't the space. Its all signalling. Good honest art and design ( not tring to sell an NFT) genuinely does have potential. But maybe not as a living wage. Ive earnt sats from design here but just for generosity...never set a price. Worth looking into for sure.
My best work was leading up to the halfinning. I would take the mempool of the latest block and render a 3D scene with the block displayed in an interesting way. Nobody cared. LOL
That's awesome! Maybe have a look through your back catalog and share it. Would love to see it. I'm pretty deep into Houdini so as I learn I think of projects that are related to bitcoin. Instead of the usual fantasy 3D noise.
Here's some of the ones I did leading up to the halfinning.
I hear you. I’ve learned about Bitcoin to the extent where I hit my saturation point on learning about it or consuming Bitcoin content. It’s freed me up to focus on other stuff and just stack methodically. I won’t lie though consolidations and use of the Network is still fun to me.
the epiphany of a 65% hurdle rate to match just holding BTC certainly puts business ideas in oerspective. That could make too many business ideas unattractive, though if that 65% is viewed in terms of hard cash returns and no understanding/ grace that to make say a construction business +65% profitable from say 30%, with the best will in the world eould take time.
So I guess BTC is going to have to be the pioneer empowerer. The niche nut jobs breaking new ground. Which makes sense, seeing as it is such a tiny fraction of the economy.
Over the past 5 years Bitcoin has had a 49% CAGR.
The other factors in play in this consideration are: increased cash flow (if business is successful), skill stacking, the potential to sell a profitable business and the potential for failure.
Imo it is a lot more risky to spend excess fiat on a venture but there is ample reward if successful.
It is weird how with so much excess fiat in circulation there aren't more enterprises springing up. I know with the cantillon effect it mostly stays at the top, but when you hear Buffet saying he can't find decent businesses downstream to plant his cash warchest in, and the little guys with some excess cash facing a ton of risk, it looks like the system is grinding to a halt.