Never knew who Nikki Haley was before today. Am I doing politics the right way?
It’s not a bear market for VCs everywhere…
They’re going to try to get you to eat ze bugz…
Old world VC ☠️
Silicon Valley VCs got too drunk sippin on that siZIRP, now they gonna learn about bitcoin the hard way
ABCs of Bitcoin
ASIC
Block
Cold storage
Deterministic keys
Entropy
Full node
Gettxoutsetinfo
Hash
Input
Joules / TH
Keys
Lightning network
Mempool
Nonce
Open source
Proof of work
Quorum
Replace by fee
Sats
Timestamp
UTXO
Vault
Witness
Xpub
Your responsibility
Zap
ABCs of Shitcoins
a16z
Binance
Crypto
Defi
ERC-20
Filecoin
Gas
Hard fork
ICO
JPM Coin
Kyber network
Liquidity pool
Metamask
NFTs
Ordinals
Proof of stake
QuadrigaCX
Rekt
Stacks
Tokenomics
Utility token
Vitalik
Web3
XRP
Yield farming
Zcash
Ten31 Timestamp
https://www.ten31timestamp.com/p/ten31-timestamp-816314
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Stocks and bonds broadly sustained their rally from last week despite ongoing signs of deterioration in global financial plumbing. The most notable headline from the week was the US Treasury’s especially weak auction of new 30-year bonds, which resulted in the highest tail for a new issue since 2016 – the mainstream press generally attributed the very soft result to a cyberattack on a major Chinese bank, but we would probably contend that this isn’t exactly a cause for relief even if entirely true. The US commercial real estate backdrop also worsened on the week, with banks’ exposure to delinquent loans making new decade highs before even accounting for the downstream impacts of WeWork’s bankruptcy, which was officially filed this week. Meanwhile, consumer expectations for inflation once again ticked up in the latest benchmark survey data, potentially putting the Fed in an increasingly awkward position, as unanchored inflation expectations will likely move higher if the central bank tries to respond to growing signs of underlying macro stress with some form of easier monetary policy. The capstone for the week came late Friday, when ratings agency Moody’s downgraded its outlook for US sovereign debt to negative.
While bankers around the world rushed to complete Treasury auctions with thumb drives, the Ten31 team was spending the week at Nostrville, a multi-day summit at Nashville’s Bitcoin Park devoted to the organic explosion of development taking place in the Nostr ecosystem. This decentralized communications protocol is still nascent, but the pace and volume of innovation on display for a protocol that only really took off late last year is staggering. We expect to continue closely following and supporting the ecosystem as it matures and becomes a more critical pillar in the freedom tech stack.
Ten31 Timestamp exec summary released to nostr first. Will publish to website later.
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Stocks and bonds broadly sustained their rally from last week despite ongoing signs of deterioration in global financial plumbing. The most notable headline from the week was the US Treasury’s especially weak auction of new 30-year bonds, which resulted in the highest tail for a new issue since 2016 – the mainstream press generally attributed the very soft result to a cyberattack on a major Chinese bank, but we would probably contend that this isn’t exactly a cause for relief even if entirely true. The US commercial real estate backdrop also worsened on the week, with banks’ exposure to delinquent loans making new decade highs before even accounting for the downstream impacts of WeWork’s bankruptcy, which was officially filed this week. Meanwhile, consumer expectations for inflation once again ticked up in the latest benchmark survey data, potentially putting the Fed in an increasingly awkward position, as unanchored inflation expectations will likely move higher if the central bank tries to respond to growing signs of underlying macro stress with some form of easier monetary policy. The capstone for the week came late Friday, when ratings agency Moody’s downgraded its outlook for US sovereign debt to negative.
While bankers around the world rushed to complete Treasury auctions with thumb drives, the Ten31 team was spending the week at Nostrville, a multi-day summit at Nashville’s Bitcoin Park devoted to the organic explosion of development taking place in the Nostr ecosystem. This decentralized communications protocol is still nascent, but the pace and volume of innovation on display for a protocol that only really took off late last year is staggering. We expect to continue closely following and supporting the ecosystem as it matures and becomes a more critical pillar in the freedom tech stack.
You can’t be great without putting in The Work
Bullish on bitcoiners
Bearish on bankers
Save in sats
Dump dollars
Freedom from fiat
We will win
Traditional VC carnage has barely started to bubble to the surface. Tons more pain still to come, no avoiding facing the music.
the mempool is so back
Gm I’m not checking the bitcoin price anymore today except after just this one more time and then I won’t do it again I promise
I do not like posts, I only zap
Just pulled myself out of a zapping hole
Low time preference thinking
Companies that were successful before the bitcoin revolution and companies that will be successful afterwards will be completely different
This was my last post on twitter. Never posting on there again
Same shit, just different day. Always the same playbook, no matter what subject they know nothing about.
The AI Cantillon Effect
One of the many reasons open source AI is critical
This is a masterclass in how to communicate objectives and tradeoffs transparently. Open and honest. This was a class act. Very well done nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr.
nostr:note1zmfx5luad7g5fz2dkv5wvtu7wy9rpxylw5x8tgmacqpqjm77atsqx4d0p7
word count of the bitcoin whitepaper relative to other texts:
Director of Global Macro at Fidelity still doesn’t understand bitcoin (or money). We are still so early.
Bitcoin does not “aspire” to be anything… that statement doesn’t make any sense. Bitcoin is not a “hedge” against monetary basement. Bitcoin is the *solution* to monetary debasement. History has proven it is a certainty all fiat currencies will be debased over time. One may use a hedge for protection against a *potential* financial loss, but when monetary debasement is a certainty the only solution is bitcoin.
Despite ostensibly strong macro indicators through the week – including a GDP print well above expectations, core PCE in line with consensus, and a W/W retreat in US Treasury yields – equities traded poorly, with the S&P entering a 10%+ correction for the first time since October 2022. Meanwhile, bitcoin put up another strong showing, gaining another ~15% after last week’s +10% move (which also coincided with a broad selloff in traditional markets). While it’s far too early to call a “bitcoin decoupling,” we’re once again encouraged by bitcoin’s ongoing resilience in the face of heightened anxiety among investors, particularly coming off a year of very public meltdowns and fraud revelations in the adjacent “crypto” space. Even more importantly, this week exhibited a continued robust pace of innovation from the companies in our portfolio, including exciting new releases from Cathedra, Mutiny, and Coinkite. All Ten31 portfolio companies have remained obsessively focused on iterating and developing regardless of macro noise and bitcoin’s price action, and we expect this to pay significant dividends into bitcoin’s next bull cycle.
SaaS is dying, on-prem is reviving.