Hehe Nver gets old - you can feel the pain - especially if you've done dumb stuff like buy USD with BTC in the past.
Me <- dumbass - learned my lesson !
nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgew2ua As a small company that saves in BTC and serves large enterprise with SAAS:
Payment (as opposed to receipts) in BTC is currently not of interest to large enterprise. Yes, there are benefits (cutting out middle men) - but these are negligible vs costs of internal administration.
Do you have views about enabling the enterprise circular economy e.g Pick'npay or Steak 'n Shake accepting BTC then passing on to small suppliers ?
It seems if 'hacked' it would massively accelerate adoption amongst margin sensitve suppliers.
It requires pump-priming a double-sided network vs incumbents - but how?
Compare 'loving your neighbour' & trading with bitcoin:
Both are Peer2Peer
Both are voluntary
Both parties gain
Both are permission-less
Neither require a third party
Community is the network effect
Both are contagious - do more !
Just thought I would leave these here
If #fiat is a problem degenerate leadership and distractions from problems perpetuates the sad state of affairs
https://www.britannica.com/story/did-nero-really-fiddle-as-rome-burned
https://bread-on.earth/Bread-and-Circuses-Panem-et-Circenses-04-17
Thanks - appreciate you taking the time to answer.
Can't see myself buying any of that filthy fiat though😁
Also appreciate that you made the caveat that at a personal level you plan to DCA come what may.
As a Dr I expect you are aware such habits are good for your well-being
Ahh nostr:nprofile1qy2hwumn8ghj7mn0wd68yetvd96x2uewdaexwqgewaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2ap0qy28wumn8ghj7un9d3shjtnvdesh2tnwv46qzxnhwden5te0wfjkccte9ehhg6r9wfehgatxvchxv7tfqy28wumn8ghj7am0wshxw6tjd9hx7tn0wfnsz9thwden5te0wahhgtnnd9sk6um5wghxxmmdqy2hwumn8ghj7am0wsh8xmmkvf5hgtngdaehgqgjwaehxw309amk7apww468smewdahx2qpqk7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7sxzhfwu + nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qydhwumn8ghj7mn0wd68ytn0wfskuem9wp5kcmpwv3jhvtcprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgewaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmp0qqsd0uazmzmhwseeym3rjhf3txyjapreapc6sq8yq8cy07cg45tlx2cvj3xfg that was a great mellow listen after a winter afternoon stacking wood followed by a hot shower.
Your commentary raises a Q.
If late 2025 gets very toppy and we go risk off - you suggested not being ashamed to get into cash (by which I assume you mean fiat).
I will probably ride out the bear - but would ask if Gold might not be better than fiat in a late 2025 crash a) on principle - it is less fiat b) because it could do well vs stocks
Any feedback greatly appreciated.
PS great work Danny
Correct - It is part of a leaning process - but a reducing median sats ownership is a good sign.
Smaller sat balances belong on L2 - but a claim to 1000 sats is fundamentally good.
It is merely that L1 is not designed to scale - hence need for L2+
KYC is a permissioning system!
This is why KYC/AML must ultimately fail (ie be eradicated) for BTC to serve the unbanked.
KYC / AML is an evil in exactly the same way that freedom of speech isn't !
However KYC cannot prevent p2p transactions (they remain permissionless given decentralisation)
With this in mind - name something / anything more useless than a private blockchain.
I'll wait!
Surprising but Good !
Now assume 1M USD BTC - a 1000 sat UTXO is worth 1/ 100,000 of a million USD = 10 bucks
We want billions of people to have 10 USD (equivalent) - this can only happen if money is more evenly distributed - from the banks and major institutions to the plebs (billions of them)
A low median UTXO value is evidence that Bitcoin is redistributing wealth - it is a good thing !
One of the amazing things about bitcoin is that :
Once a mid-wit like me has worked out that #BTC makes for a better world, that same midwit understands more than all of Wall Street about money.
The beauty of this is that as Wall Street works ever harder to collect ever less meaningful paper we acquire for an under-appreciated, ever strengthening, ever more widely accepted call on all future goods and services.
By implication simply understanding what money is makes the world a better place.
Skate to where the puck is headed in 2025
Stack sats
(ohhh and try to be ever so humble - yup its getting harder ) h/t nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksqgqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveyr9lldz
Yes to discernment, bitcoiners have that, the first step in bitcoin is often one of overcoming FUD - it takes discernment to defeat FUD; daring to stand alone, believing you can DYOR - and finally the leap of trusting those fearful thoughts.
Thoughts on FIRE ❤️🔥
Financial Independence Retire Early
Reads to me like a recipe for wasted dissatisfaction.
Retire = Withdraw, Retreat, Quit & coast
To really live involves an ongoing effort, find meaning, to strive & to realise goals.
Better:
Find, Intend, Realise, Enjoy
If you can do this, you can enjoy a sovereign success free from unwanted externalities
nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksqgqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveyr9lldz GM 2025
Sometimes I worry that BTC & Nostr & freedom technology adoption is slow.
I believe Thought Go Up is THE best freedom enabling technology but has the slowest adoption rate in history.
TGU is hard work and a result of diligence and an open mind.
Wishing you and your readership TGU in 2025, since:
where thoughts fear to tread - bitcoiners dare to follow
It looks just the way it does now.
#IYKYK
Ten31 CoFounder Grant Gilliam provides a deep dive on the idea of "sats flows" and how the hurdle rate of producing positive bitcoin-denominated profits will reshape institutional investing over time.
https://cdn.satellite.earth/acd6e9570deb04a334f87a5643764e20488594ea8de9127347c5312b427e2fb4.mp4
Excellent - Essentially prefer pain now vs pain later.
A debt-free bootstrapped company with net +revenue is in great shape to achieve this. (Founders have shown long time preference).
None-the-less this is not a money-machine because in a deflationary environment any sats balance sheet accumulation will attract competition.
But a good network lead will make a company like this look great.
Any company with accelerating sats accumulation will have a very bright future prior to eventual decline.
I think I may hove found the techological muse that inspired the latter day thinking of nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ...
Interesting take on Bitcoin and MSTR from a giant of business education https://www.youtube.com/watch?v=1z3bxzu_5E8
If you, like me, have struggled to grasp nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe s
"You can't measure (or change) a system from within a system" - you should watch this.
A beautiful understandable illustration of the concept using Galileo as an example
