The bitcoin treasury company trend reminds me of a lesson I learned in crypto around 2017.

At some point, I had 1/X of all crypto assets tracked in coinmarketcap.com. I made it a goal to maintain this fraction or increase it.

But as I tracked this metric, I realized that it was nearly impossible to keep up. The problem was when new coins appeared, unlike bitcoin, someone already held most of them. They were premined.

Similarly, you’re not going to be able to keep a constant % of all the bitcoin treasury companies because the people creating these companies are committing X coins to create an equity with 2-3X value or more.

The only thing you can keep a constant slice of (without research, active management, or becoming an insider) is BTC.

Many of these can be summarized by “you can’t just do things”

Can we see the segregated coins? I like that you can see them on Unchained, but your rates are slightly better.

They’re the new altcoins

I want to zap people, but when I try to activate my wallet on nostr:nprofile1qqs9xtvrphl7p8qnua0gk9zusft33lqjkqqr7cwkr6g8wusu0lle8jcpp4mhxue69uhkummn9ekx7mqpzfmhxue69uhk7enxvd5xz6tw9ec82cs9w9ha9, they say they can’t.

I tried responding to the email and they asked me to share my strike ID, which I did. Now I received my first zap, but I still can’t send and trying to activate again still doesn’t work.

What now?

It seems people are selling their BTC for altcompanies

I understand people have made the “SoV before MoE” argument before and I’m not intending to agree with everything they said. My claims are based on my own research and understanding of monetary history and predictions about how Bitcoin may differ from historical monetizations (because Bitcoin is unique in that there was a time before it existed and it also went through a brief period of hyper(supply)inflation.

The chicken and egg analogy works at a high level, but I should add some nuance to my claims. I believe _wide spread_ use as a SoV is a prerequisite to wide spread use as a MoE. But the ability to use something as a MoE is a prerequisite to the usefulness in something as a SoV. You can’t store value in something if it’s impossible to transfer or spend it.

So yes transactions must happen as proof that they can happen and this is necessary for anyone to make a decision to store value in it for use in the future.

FWIW I’m not intending to invoke Greshams law.

When you say monetary demand (and when OP said monetary use), I assume you mean as a MoE. One can demand and use money as a SoV also.

Before Laszlo bought pizza with bitcoin, bitcoin’s value rose infinitely from 0 to a fraction of a penny. It stored value better than anything in history despite also undergoing hyperinflation.

Bitcoin will be more widely adopted as a SoV before MoE because self interested actors are incentivized to do so. Bitcoin is an amazing SoV because of game theoretic and praxeologic incentives. The incentives for using bitcoin as a MoE today are not nearly as strong.

I’d argue that MoE is not even the goal. It’s a side effect of the goal. The aggregate of all things valued by humans is deteriorating overtime because we have broken stores of value. Bitcoin fixes this. Once everyone realizes Bitcoin fixes this, they will not accept anything but bitcoin payment. In the meantime, if 99% of people don’t use bitcoin, it’s perfectly fine to pay them in something else so that you can save more time, energy, and money that can otherwise be used stacking sats and increasing the % of global value stored in bitcoin.

80 IQ 🫡

Just make a bad first attempt at starting and we’ll go from there.

I think this is a valid position to take. SOV before MoE is necessary. People are expected to spend their weakest money first and only spend the strong money because there are no other options. Not spending your BTC and acquiring more BTC drives price higher through SOV which brings about incentives for MOe sooner.

Like what? How can I start? I just got laid off so I have time and want to learn.

I just need confirmation I set up my wallet properly so the smallest zap would be appreciated.

Why do you recommend these clients over Primal?

I hear you on hash tags.

I’m curious about the protocol also. I’d like to build something eventually.

Thanks. I need to get some sats loaded up so I can really thank people with good advice. Brb

Why?

Oh so I just haven’t been zapped yet. Now I need to think of something of value to say.

How do I enable it? Like this?

Also breathing, eating,and keeping warm. The environment we live in is not a paradise where we can do what we want without limits.

I copied my lightning address from Muun and Primal says “invalid address”. Hmm

How can I learn more about this and what’s a bunker?

Pack*

Looks like editing is not a thing