Just went to see if nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg was a part of Ten31 portfolio and indeed it was! Scrolled the list of companies/software they invested and what came to my mind is how can I short this fund ? š
Discussion
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx isnāt those guys turned into solana company ! You really yolod someoneās money into this shit?!
That's normal. A real VC will get a mega return in 1 or 2 of those (which I believe they have) to pay for all the other "failures".
Good sleuthing!
Ten 31 bet is nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 that I also would short š
I thought strike had a quite good reputation. I might be biased because I like Jack Mallers, at least, so far.
Swan raised a flag for me though:
https://www.coindesk.com/business/2023/09/15/bitgo-swan-to-form-bitcoin-only-trust-company/
Jack is the the promise guy that doesnāt keep his words and has childish ego! nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle when I can buy coke via tor in sunny Chicago? š¤£š¤£
P.S. this announcement form few years ago šŖ¦ ā ļø
parents be lyke š¤«
Youād short Coinkite, River, Primal, hodl hodl, mempool.Space, etc? Tons of good ones on there
None of them generate revenue ! Only Coinkite makes a little bit of sense
River as well but itās the hedge to strike
Yeah, good points. Fold might turn out well too if their listing goes okay. Definitely hard to make money investing in startups unless they get bought or go public. I would be much farther ahead if I just bought Bitcoin than do any startup investing!
You can make bigger % cash back with credit cards than with Fold! Also the biggest slap into face is that Fold for years havenāt integrated lightning withdrawals! Dumb!
P.S. I just unfrozen the card to after few years of not touching it just to see how itās sucks to give a review !
Agree. Doesnāt make sense to use them for that, but getting some sats back on paying a bill through ACH is nice. Lack of Lightning withdrawals is really frustrating.
1.5% is nothing
Iād take 1.5% (though that is limited to first $2500), over 0%. Iād take 0.25% over 0%. If the option is to pay with Fold ācheckingā and get sats back or your bankās checking and getting nothing back, Iāll do Fold.
Itās designed for Americans who live in debt !
As I said have fun scaling this
Agree. Will be hard with all the differing regulations around the world
Definitely for Americans but how is using it to pay bills only for people living in debt?
You can use credit cards with bigger cash back and stack the points that will cover more than fold is offering
How do you pay the credit card back?
I never spend cash to buy things! I use credit cards and then cover them right away
Me too. What do you cover them with? Cash from checking account?
Money orders š¤£
Letās say I use a credit card to get cash back and then pay those bills off in full each month using Fold? I get cash back from card and says back for paying the credit card back. Short term debt (but no interest since paying it back right away)
yeah this is the VC model. go big or go home, 1 mega win covers all the other losses