Hal Finney: running Bitcoin
GitCitadel: running on Bitcoin dust
That also makes you more attractive for investors, after all.
I see that with nostr:nprofile1qqsggm4l0xs23qfjwnkfwf6fqcs66s3lz637gaxhl4nwd2vtle8rnfqprdmhxue69uhhg6r9vehhyetnwshxummnw3erztnrdakj7qfqwaehxw309ahx7um5wghx26tww4hxg7nhv9h856t89eehqctrv5hsz8rhwden5te0w35x2cmfw3skgetv9ehx7um5wgcjucm0d5hsjmvd7t. We're building something massive and novel, while basically running on Bitcoin dust from individual npubs, where other people have blown through investor's money at 100x -- or even 1000x! -- the rate, and have achieved less.
We can keep that massive margin, for a long time, continue to build, undercut everyone else, and spend the difference on stocking up Bitcoin in the company reserves.
At some point, investors will realize that we're the superior investment opportunity, and the money will begin to reorient.
At the moment, Nostr investment is a mere popularity contest, but I suspect someone will eventually want to see something useful and sustainable produced, for the money they invest, and they will begin to care about production and maintenance costs. It only takes one large investor, or many small ones, having a modicum of business sense, to cut a deal.
Hal Finney: running Bitcoin
GitCitadel: running on Bitcoin dust
No replies yet.