One of the unique challenges of running a Bitcoin fund is knowing Bitcoin is likely going to outperform your fund.
But if nobody supports development within the ecosystem, the value of Bitcoin will trend to zero.
Discussion
The last statement is not true. The services on bitcoin and that bitcoin needs will be developed when their services are in demand and entities are willing to pay for that development.
In the mean time, much of the activity on and around bitcoin is a fiat approach to money being applied to bitcoin. Bunch of developers chasing lost leaders on and around bitcoin these days…
“Altruism doesn’t work.” - nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx (shilling donations to OpenSats)
I respectfully disagree.
There is a myth that bitcoin’s success is an inevitability….its not.
Also, open sats or any type of bitcoin donation or funding isn’t “altruistic,” it’s necessary.
NGU requires people running nodes, mining, supporting devs, and supporting projects that are good for the ecosystem.
Otherwise, apathy takes over and NGD.