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Hobbit
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In a hole in the ground there lived a hobbit...

Funny enough. I learned yesterday that solar panels disconnect themselves when the grid is down.

So much for solar sustainability….

Sometimes it just feels weird to be in a meeting when the rest of the people are worried about short term things while Bitcoin has put the S&P500 at record low measured in Bitcoin and Realized price crossed 44K.

They are focused on the trees and missing the forest...

So give or take about 40 million people want to get some corn?

Your phrase needs to become a viral Meme. Perhaps you might add some image to enhance the message …

Yesterday I was able to listen to your podcast with Preston

Amazing conversation

GM ostriches

#introductions

I understand it is the standard, but I don't think is accurate, since it values based on Market Cap and not on Realized market Cap.

Those projects where there were pre mining issuance coins at 0$ value are now accounted at the spot value, which is totally inflated.

More likely Bitcoin dominance is north of 80%

I love this video from Adolfo Contreras, worth watching.

However it got me thinking. Sometimes "us humans" believe we are special and different, and we try to compartmentalise things for simplicity.

Quantum economis has shown us that this might be more tricky that we want to believe.

In nature things change from state seamlesly, and bitcoin as mathematically expressed energy (PoW) might be similar.

Why does it have to be one thing or another?

For someone it can be a Store of Value for ever, digital property like.

For others it might be a medium of exchange as a P2P payment system, for someone else just a rail to chanel other financial tools.

The beauty is that anyone can use it for what ever purpose he wants, without having to fit in a specific category.

Just food for thought.

https://youtu.be/1LDYH12MQoY?si=VNy_F9rW5aL_CkpN

By the way.

I just re-listened to your 2020 interview with Preston. At that time it helped me put together a many things and gain a deeper understanding of what is really at the core of this change.

Thanks for being so generous on sharing your ideas.

Replying to Avatar Jeff Booth

GM from beautiful Colombia.

With all the chaos and nonsense going on in the world right now, I wanted to share something that I believe is critical as it relates to what is happening on #bitcoin (the first global free market that can’t be cheated) versus a system of corruption (trying to stop that system) Either 1) through willful intent or 2) lack of knowledge.

(*the majority of people fall into the lack of knowledge group)

According to game theory and playoff matrices: even when there are very high rewards and low punishment (they wouldn’t get caught) approximately 10% of people won’t cheat - no matter what!They place a higher internal value on integrity that overrides external rewards. I’ve seen this number as low as 2.5% and as high as 20%.

Why is that important:

Although everyone wants to see themselves as one of the honest, the math says that between 80 - 97.5% of people will cheat depending on the rewards. Now enter money - the ultimate pot of gold with high rewards and low punishment for cheating because people don’t understand it. Most people will cheat - a mirror of the world we see and have seen in Bitcoin since its inception. Need inflation, bad for environment, drug money, doesn’t scale, crypto, meme coins - the list will go on and on because if people can “get rich at someone else’s expense - most will. Those are simply the numbers and always have been.

In fact, in prior periods of history, the honest were at a massive disadvantage because and would often be killed by the cheaters. Because the integrity was so rare, society would often celebrate these people after their deaths as lessons of what we wanted our higher selves to look like.

#bitcoin has changed the equation. Giving those with integrity the power. Why: because 2.5 - 20% of people that won’t cheat is a massive number - especially if many of those people are decentralized and can’t be “found”. Those are the people who eventually run nodes, contribute their time and energy to keeping #bitcoin decentralized and secure, watch for attack vectors, build value on top of this protocol, call out the cheaters, teach and advocate to help others see it. Those people simply can’t be bought, and more are joining every day.

That decentralized and secure protocol bounded by energy is repricing everyone and everything from the other system and it will continue to do so as that system tries to grapple with: the cheaters no longer make the rules.

It will be chaotic, many more will try to cheat (don’t be afraid to slay your heroes) but in the end…..Satoshi unlocked a way to put the best of us into a protocol that was best for all of us.

What a time to be alive.

Well said.

In nature there is no way to fake new energy. Either you are efficient and find positive collaboration strategies or you are left behind...

Time is the inevitable judge...

Does it really matter ?

If he plays the shit coin, short term gain, he will be the first casualty..

Tick, toc next block.

Bitcoin does not care.....

Replying to Avatar Blockstream

Announcement:

Today, we’re excited to announce the launch of Blockstream Asset Management (BAM), our new asset management division, alongside two institutional-grade Bitcoin funds designed to bring regulated, secure, and innovative financial products to investors.

Here’s what you need to know:

https://blockstream.com/press-releases/2025-01-23-blockstream-asset-management-launch-bitcoin-funds/

1️⃣ Blockstream Income Fund

A USD yield fund designed to generate stable, predictable returns. By lending against Bitcoin collateral with conservative loan-to-value (LTV) ratios, the fund targets high single-digit to low-teens yields.

📌 Focused on loans from $100k to $5M, this fund capitalizes on pricing inefficiencies in Bitcoin-backed lending markets while leveraging Blockstream’s network of Bitcoin-native businesses to ensure high-quality borrowers.

2️⃣ Blockstream Alpha Fund

An actively managed fund combining diverse strategies like derivatives trading, event-driven opportunities, and Lightning Network operations to deliver consistent, risk-adjusted outperformance.

📌 Tailored for institutional and sophisticated investors seeking enhanced returns within the Bitcoin ecosystem, this fund balances risk and reward while actively contributing to the broader Bitcoin economy.

💬 Why it matters:

“The launch of Blockstream Asset Management and our inaugural suite of funds represents Bitcoin’s evolution from a niche asset into a pillar of modern investment portfolios,” said Dr. Adam Back, CEO and co-founder of Blockstream.

Both funds are structured under the 506(c) exemption, ensuring the transparency, security, and performance that institutions and high-net-worth investors expect.

🔜 Looking ahead: Later this year, we’ll launch the Blockstream Yield Fund, offering Bitcoin holders consistent, low-risk returns.

This milestone marks a key step in our mission to integrate Bitcoin into mainstream finance, enhance adoption, and drive innovation within the ecosystem.

Get in touch to learn more about Blockstream Asset Management and our Bitcoin-based financial products:

blockstream.com/finance

Once again Blockstream setting the standards....