I think the golfers in the PGA need to realize that there is a cap to their value. Many of the changes made to the PGA tour (and LIV) have centralized the $$$ to a few golfers. And the PGA’s response to LIV hasn’t been good for the game of golf. Maybe for the brand value of the current top tier PGA Tour players but not for the broader game.

The more they try to centralize the value and consolidate the events, the less popular watching golf will be among their base. In pursuit of growth (funded by PE capital, btw) they might end up doing more harm than good to the sport.

As with most things PE backed … they may not care about the long-term success of the sport. Just enough to flip out of their position at a profit.

https://www.espn.com/golf/story/_/id/43602107/rory-mcilroy-scaling-back-number-events-aid-pga-tour

Tariffs generally don’t work. Bessent seems to want to slow play tariffs relative to Trump’s rhetoric. I’m betting Bessent gets his way but we will see what ends up playing out.

https://www.pbs.org/newshour/amp/politics/senate-confirms-scott-bessent-as-treasury-secretary

My position is that I’m open to having conversations with politicians and business leaders but I’m not going to push it on them or act as if the existing system has the leverage over the bitcoin protocol … they need bitcoin, bitcoin doesn’t need them.

I’ve started to tell people it’s the hardest thing they’ll ever do.

The number of confused looks I receive in response … ha!

nostr:note16kfh4920kmz4uwkuc8cr4au0wxxm0nh5uan5nfw0vfpdyfl8gmxqlw36h8

MSM is interrupting golf channel programming for a news brief on DeepSeek. lol.

WDE!

Yeah, that’s why I was hopeful to that doing a smaller fund ($50M or less) with fewer participants from directly in my network might have some standard documentation / contracts / agreements that were sufficient to cover the upstart.

The administrative / service state is onerous and costly. Definitely inhibits innovation.

The price action reflected those capital inflows.

I’ve been very intimidated about the regulatory / business documentation side of starting a fund.

Assuming you’re an LLC? Are there requirements for your investors other than being “sophisticated”? Are there documents required to the US government if you’re avoiding RIA designation? Are there thresholds (reporting, etc.) for capital under management to consider?

Is there a good place to research setting up a fund like you did? I’ve looked into it using ChatGPT but the results weren’t specific enough to make me feel confident in setting something up.

nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l nice rip on WBD, btw

nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l I’d love to learn more about how you structured your friends and family fund. I think I’d have a market for a similar product within my immediate network.

I’d love to learn more about where you are and how you’re approaching incorporating bitcoin into power markets. I’m kinda familiar with the opportunity to leverage bitcoin to stabilize grids and monetize stranded and underutilized production capacity but I’ve also experienced the challenges of orange-pilling (very) large, energy corporations.

Cost of production where the commodity price settles at the cost of production that hurdles the cost of capital.

nostr:note1zgpy3qrurptd7632z0ee8hrxqt0846mt6ftvxd4vau6dttnnw3dq83r9u2

Fujikura Axiom iron shafts 👍🏼👍🏼

The best oil and gas company in America has entered the chat.

https://www.datacenterdynamics.com/en/news/hilcorp-to-test-feasibility-of-natural-gas-powered-bitcoin-mining-in-alaska/

https://x.com/nuclrgolf/status/1868746041811779778

I’m a Harvard MBA … I’d put it on the balance sheet.

https://x.com/dotkrueger/status/1866987577707991450

WDE

Why take any risk when bitcoin’s risk-free savings is appreciating with higher returns than any VC company can reasonably be expected to return?

This is a great video drop.