Not this time. Maybe a one time issue or connection issue at the time
I believe I clicked settings, then lightning channels, then got stuck on a spinning wheel screen, was offered to click on emergency kit, which I did, and got the dangit screen
Running Mutiny+
99% of investments in “crypto” will go to zero. 99% of investments in AI will go to zero. The value is not going to accrue where most believe it will. Follow the crowd and get rekt, tail as old as time.
They are telling you what they’re planning
https://www.cnn.com/2023/10/20/business/tyson-insect-ingredients/index.html
The people who will get bitcoin late are those who have strong bad opinions, strongly held. Usually it means an ego is in the way and there is an inflated view of knowledge and lack of realization of blind spots.
Everyone talks about the panopticon of Sam Altman backed worldcoin but no one talks about this. Altogether a potentially devious concoction controlling AI, surveillance money, and energy.
https://www.cnbc.com/2021/11/05/sam-altman-puts-375-million-into-fusion-start-up-helion-energy.html
A central planner walks into a bar and orders one drink for everyone. The next day, there's a shortage of beer and a surplus of confusion!
Why did the central planner cross the road?
He wanted to regulate both sides, but now no one knows which way to go!
Bitcoin knowledge distributes over time, but not that quickly. It certainly does not distribute as quickly as the price moves. Very little of the price appreciation is driven by a material increase in the understanding of bitcoin more broadly. When we begin to see an actual step change in broader appreciation of what bitcoin is, that’s when we’ll start to see multiple God candles (collectively, the Big One). Before then, there will be lots of speculative driven bulls which may seem like the Big One, but the Big One will come later, and it will be prolific. Until then, we continue to educate, build, contribute, invest, provide Proof of Work to bitcoin in our own unique ways, and stay humble and stack sats.
Ordered some nostr:npub19lhkt6w7q4nqcxllztrs8kg3x4asvh4fcahr246yp9rfpashj87qz5qdzy for the hell of it and had a tracking number in 10 minutes 🤯
I appreciate bitcoiners
Sitting middle seat next to a 400 pounder for 2 hours, sweating all over each other, is an exercise in meditation not to cede critical shoulder space or else never get it back
That works too, just need to be mindful of potential lumpiness (maybe use an average if necessary)
EBITDA = earnings before interest, tax, depreciation and amortization. It is a proxy for cash flow, but not a perfect substitute, especially for capital intensive businesses. The preferable metric in my view is EBIT, which would take into account the capex requirements of the business, but you always have to be mindful of potential lumpiness of capital outlays which may not be perfectly reflected in D&A. Why does this matter, and who cares? I expect cash flows (sats flows) are going to become more important than they have been in recent history. Sounds business models with sustainable profitability will be the focus.
My investment philosophy is simple. Invest in companies where “there is no second best”.
On my way to visit an artist founder who has done The Work
Every time you eat fiat food your body punches back
The long term hodl waves are going to be lit once the ETFs are approved
Not gonna lie I have a weakness for buying bitcoin art. My key criteria are aesthetic and proof of work, and with very rare exceptions any blatant bitcoin symbol makes the art a deal breaker for me (just seems too tacky).
Will truly great bitcoin art hold its value into the future in bitcoin terms? I assume the vast majority will not, but perhaps there will be exceptions for those artists who were truly pioneering and where there is real scarcity.
That being said, I buy the art not based on any expectation of any type of bitcoin return, but instead based on the appreciation of The Work, an acknowledgment of the period we are going through in the long-term global adoption of bitcoin, and there being a unique creative approach or meaning which resonates with me personally.
We can find artists everywhere in life, not just in those creating actual artwork, but also in those with a dedication and mastery of craft in their work or vocation. I respect and am drawn to Life’s artists, and I will continue to gain satisfaction in supporting them.
Burn rate is such a fiat money and old world VC term. “How much money are you burning?”
Ten31 early leak of weekly Timestamp
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In a volatile week filled with headlines across the macro and regulatory landscape, a notable dichotomy continued to take shape: the simultaneously growing acceptance of and resistance to bitcoin among legacy investors and institutions. The first theme was on display in the divergent price action of bitcoin and US Treasury bonds – while Treasuries took another beating on the week with the 10-year yield spiking ~40bps W/W to nearly 5%, bitcoin held its recent range and took a ~10% leg up on Friday. At the same time, the many financial institutions with spot bitcoin ETF filings noted continued progress toward approval, and BlackRock CEO Larry Fink even went so far as to call bitcoin a “flight to quality” trade. While Ten31’s thesis on the power of bitcoin infrastructure investing is uncorrelated to near-term bitcoin price swings and the progress of ETF filings, we view this week’s divergence between traditional markets and bitcoin as a noteworthy signpost for the way legacy asset managers will ultimately come to view bitcoin and bitcoin technology as the unbroken 40-year bond bull market sputters to a halt.
On the flipside, this week also saw signs of institutional resistance to bitcoin, as the US Treasury Department’s FinCEN arm released new, excessively broad guidance on the treatment of cryptocurrency “mixing” services. Under FinCEN’s proposed guidance – which will now enter a 90-day public comment period – virtually any use of bitcoin could conceivably be categorized as “mixing” and made subject to additional oversight and burdensome, invasive reporting requirements by regulated financial service providers. In the battle between economic incentives and the inertia of sclerotic institutions, we expect the former to ultimately win out (as suggested by the capitulation of long-term bitcoin skeptics like Larry Fink), but this latest proposal from FinCEN serves as a reminder that bitcoin’s path to global monetization still faces hurdles that demand attention and response.
In the early stage investing world, everyone likes to be last money in. I think that’s reversed. I like to be the first money in. I don’t need others around me to give me comfort or help me build conviction in an opportunity. Following the crowd is a weak strategy.
the companies that will thrive going forward will be the ones who are more open and creative about working together
i like to golf but unfortunately i rarely get out to do it. i think people need to ditch all the *str* naming conventions, they are getting to be too much!
there are much better things you can do with your time than looking at twitter...
this is fund to do when you want to kill some time and reward proof of work
nostr:note14y5837mlqrlt63zqyw4rdxzh705zffa893lamgl570ta9cw5zd3q6za8gn
The deluge of “highest since 2007” headlines continued over the past couple weeks, as sovereign debt yields around the world continued to spike to alarming levels. Most notably, the US 10-year breached 4.8% in an upward impulse that ranked as the fastest move since the current rate hiking cycle began, before finally retracing some of this move in the last few days. The ongoing selloff in the bond complex has prompted a variety of stories in the mainstream press about the precarious position of US public debt and interest payments, a stark reminder that deficits don’t matter until suddenly they do.
While the foundational assumptions of the world’s reserve asset were being thrown further into question, the Ten31 team spent the week at our annual portfolio retreat in Utah with nearly 40 portfolio company representatives diving deep on topics ranging from AI and the lightning network to banking, custody, and mining. This year’s event was even more successful than last year’s inaugural retreat and has already led to many synergistic relationships and new opportunities for intra-portfolio collaboration within and across all major verticals of the bitcoin and freedom tech ecosystems. We see the retreat as just the latest example of the power of open networks, where innovations by one company can easily cross-pollinate to benefit a whole portfolio in a way that simply isn’t possible in most legacy investment platforms...
“The internet digitized information, bitcoin digitized money, and LLMs digitized human cognition”… 🤯
Investment judgement requires proof of work, and even after 20 years of it you still make mistakes
I’m purging the fiat and high time preference out of me with sauna and water
I call bullshit, Zuckerberg is not a bitcoiner.