Ten31 CoFounder Grant Gilliam provides a deep dive on the idea of "sats flows" and how the hurdle rate of producing positive bitcoin-denominated profits will reshape institutional investing over time.
https://cdn.satellite.earth/acd6e9570deb04a334f87a5643764e20488594ea8de9127347c5312b427e2fb4.mp4
Adopting Bitcoin as my hurdle rate in investment decisions has been transformative. Thank you for this presentation. I wish I had this mental model a long time ago.
Easily one of the top 3 talks from BH earlier this year
Excellent - Essentially prefer pain now vs pain later.
A debt-free bootstrapped company with net +revenue is in great shape to achieve this. (Founders have shown long time preference).
None-the-less this is not a money-machine because in a deflationary environment any sats balance sheet accumulation will attract competition.
But a good network lead will make a company like this look great.
Any company with accelerating sats accumulation will have a very bright future prior to eventual decline.
