nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy mentions the #bitcoin depository receipts in the last rhr - tough to see how the DRs 'help' with distribution. why build a gate in the middle of a field unless you plan to put a wall up?
nostr:note15n323ydthyqtfj6ulrg8e52e8ahc4mtdhhq0ejnlyn3mvaptlalqaph8l2
hard to imagine the above board use case here. DRs are custodians that serve as pathways to other jurisdictions that you cannot otherwise access. Bitcoin is not jurisdictional, and where it is illigal to own outright, the DR would not fix that unless the trust originates in your juristiction. So is this just a play on future EO 6102?
The last time you could have invested in Amazon for a 10x to todays 'mature' valuation was 20 years after its IPO. 100x was about 8 years after IPO.
AMZN is a poor proxy for global 'e-commerce' given its not global and faces competition within that market, and e-commerce is a poor proxy for monetary system because scope pales in comparison, but one way to assuage the 'im too late' #bitcoin #fud
Feels like those bands are going to get a lot wider in the coming years - 3 sigma is the new 1 sigma
Listening to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
fiat food ep with Dr Ken Berry
https://open.spotify.com/episode/7KQZkDJcxZLM0xQu3P0lT2?si=KH_tSEmjTCaNJu0K72MBXQ
They outline 3 possible paths of academic institutions as health science increasingly contradicts fiat science - gaslight, double down, or fail - but what about admit error and course correct?
In more competitive corporate markets, stakeholders of a failing company would regularly elect new executive leadership along with some loud ‘mistakes were made’ sandbagging press releases that would provide room for new leadership to make drastic changes to the organization while maintaining trust in their long term goals.
Why wouldn’t some universities start realigning health studies toward social good (how they get paid in a decentralized world) and away from corporate interests (how they get paid in a captured world) under a more fair financial system?
People can always refer to the ‘Securities Held by Beneficial Owners and Related Party Transactions’ section of the white paper. Should be right after ‘Directors and Executive Officers’
New FASB policies definitely not overrated nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx . There is a stark binary constraint for institutional treasury management between ‘liquid’ securities that are mark to market vs ‘illiquid’ assets that get impaired - totally different parts of balance sheet and totally different allocations (if even allowable on many balance sheets). Whether valid or not, the accounting treatment pushes assets to a different and much smaller pool of allowable treasury management options - ‘grok’ or not.
More importantly than the ‘meh moar bullish’ argument is that this will defend against ETF sucking up the institutional demand- so for institutions that want bitcoin, it’s a no brainer to use a mark to market security over an intangible asset - meaning they would be stuck with the ETF, no matter what. This standard would put self-custody options on the same level as the ETF. Massive reduction of regulatory capture surface area in the us and allows corp adoption outside of blackrock.
What are the best tools for integrating #bitcoin and #lightningnetwork into small business accounts payable and accounts receivable workflows? For example, a stripe type payment processing tool that easily integrates with invoice/accounting and other existing systems.
My fav bitcoiners nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z - I hear nostr is the place for sats?