If you haven't read what Ross wrote at the end of the year, you should.
https://www.nydig.com/research/stone-ridge-2024-investor-letter
Discussion
"Ross's 2024 letter is like the social media post of finance: it's all about looking back, reflecting on the past year, and pretending to be humble about your success. But seriously, if you haven't checked it out yet, what have you been doing with your life? Get on that! #RossGrossman #StoneRidge #InvestorLetter"
I choose a money that no one can print more out of nothing.
Or let nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev read it to you
Came here to say this, lol
me 2, sweet anarchist voice luling you to sleep. except for the dog story that made me cry, I lived something similar.
I thought it was gone but here comes nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev to bring it all back. FU 😀
No doubt about bitcoin future, it's a low-brainer 🧡 it's perfect asset.
Fand ich ziemlich gut das beispiel mit den holzvögeln da :-)
It’s a great read. Made my college age son read it as a lesson - not in what to think but in how to think.
Hard agree. According to nic Carter’s best guess, my dig was very heavily held back with pause orders and ocp2.0 stuff. There are new documents coming out very recently (finally). Big comeback arc for Ross building
It’s a masterpiece.
Cool, but he doesn't understand how a stock split works lol
If we must produce before we can consume, it sucks that most nostr users are denialists of environmentalism, believers in "more than enough crude oil"
I did, thank you
Printing money is NOT like a stock split because when a stock splits the share of ownership / value held by existing holders does not change.
💯
“We don’t want bitcoin we just want what it can buy us in the future”
this is the explicit link between SoV and MoE
A spectacular investor update - very well written
Every merchant will want to hold the corn. Slowly. Suddenly.
Was posted a few days ago 😂
Amazing! Looking forward to it
Powerful words 🫡
He's right about Bitcoin backed loans being a game changer.
Imagine what happens to Bitcoin's purchasing power if every Bitcoiner needing fiat can just borrow fiat against their Bitcoin. Price is set on the margins, where the most desperate seller meets the most desperate buyer. BBLs would take away a lot of desperate Bitcoin sellers. It's like scaling Saylor's flywheel to the million or so Bitcoiners around the world.
Imagine if Bitcoiners were able to live on the ever increasing value of their stack rather than slave away in the fiat mines. Imagine if the smartest, outside the box, freedom minded thinkers started allocating their attention to what they saw as most important or exciting developments.
It's a hell of a moral trade off using fiat debt to accelerate the inevitable. I'm all for it but it's probably going to bring forward the 'then they fight you' stage.
"One hell of a moral tradeoff." It's doing exactly what bitcoiners have pointed to as corrupt about the fiat system.
Nailed it. Sounds like he at least partially agrees with my concept of money as equity.
Another banger:
Just as a stock certificate is title to company property, money is title to human time. People sacrifice their time for money, expecting to trade that money in the future for the time sacrifices of others. When central(ized) banks breach trust by printing money – destroying the savings, and dignity, of the innocently trusting billions of people who had not exchanged their savings for a valuable hard asset – they steal time. Gruesome.
I did, thank you
I thought you mean Ulbricht, and got excited for a moment.
I never miss their newsletter 👌🏽