As I’ve considered entrepreneurship, one consistent concept that shows up is “OPT, OPM.” This stands for “Other peoples’ time, other peoples’ money.”

As I’ve learned about #bitcoin, my understanding of this concept has evolved. The two key takeaways:

(1) when most people say “OPT, OPM” they mean to get leverage at the expense of other peoples’ risk and time. There are many implications of this that I might explore in future notes but - for now - I’ll summarize by saying exploiting others for your own benefit is absolutely caused by fiat money.

(2) #bitcoin is the ultimate way to capture “OPT, OPM” because ultimately not only does #bitcoin represent the productivity (time/money) of others from the past, but the value of the #bitcoin held represents the work others during the duration that #bitcoin is held.

However, in order to have this exposure to “OPT, OPM” under a bitcoin standard, an individual has to put their own skin in the game and take their own risks.

//

A #bitcoin standard is a return to true capitalism. Capitalism where risks are either rewarded or punished enforced on the individuals intentionally taking those risks. No more moral hazards. No more exploitation and coercion. Meritocracy returns.

For the day before the ETF decision…

We have finite time … we can’t say yes to everything.

Saying “yes” to things that don’t help you, your family, or your immediate community is a relic of the broken system.

Amanda actually told me “no” directly once and it was awesome to see in action and -in hindsight - it was a good move on her part.

15000 blocks until the halving.

Tick tock, next block.

#bitcoin nostr:note1zfyl2msuxgr0pu03r7k6hn8fgy9sptstdsja7cradyytt9gzauls9k3dkd

The shorts lost the day…

nostr:note15l2k5z6x0g9jfm6kr4gyke6rl4aw23uknhvcqhsjwn7qc0cl8kdsmm4jnm

The shorts are out there fighting this morning …. How much longer can they hold off the massive green candle?

Climate action is one world government. Climate action is communism.

Strongly disagree. But give it time and you’ll see what I mean.

Who pays for the capex and opex associated with carbon capture? Subsidies and grants from governments.

You’re good up until you get to carbon capture … that’s a big ‘no go’. Most oil companies are cool supporting it because it will quickly reveal the cost to governments and the people won’t have it. Go do some more research and apply the academic conclusions to the real world. Economics don’t work out…

for example, $85 45Q in the US means that 1 MTA/yr emissions would cost $85M to the taxpayers (or money printers). Those numbers don’t include the capital cost of adding a facility, which is $100sM USD.

1MTA represents the less than the emissions from one large industrial facility.

The scale of the numbers becomes staggering, quickly.

Y’all Canadiens need to reign in the ludicrous green energy spending / proposed regulation that is coming down the pipeline. Carbon tax, limits on natural gas generation, hydrogen (ha!), carbon capture and sequestration on new industrial and power generation capacity - the list goes on and on. Absolutely insane some of the communist things your federal government is communicating as it pertains to the future of “fossil” energy.

Eh?

That’s awesome! Such a good practice and giving affirmation does kinda make you feel good too, doesn’t it? A great example in the real world…thanks for sharing that!

It is incredibly simple in concept while being so hard in practice. We should absolutely strive for this standard…and even have a similar approach for the people we don’t necessarily jive with. nostr:note18v42cze97jfjx4kv040w2pl0qpphw8h4eejhunnee9yxgsgteres6xyed2

Fix the money, fix the world.

#bitcoin

It is the money. The dirty, perverted money.

https://news.gallup.com/poll/548120/record-low-satisfied-democracy-working.aspx

I’m all out of fiat and my future prospects aren’t going to move the needle much.

Time to send this thing to the moon so that I have the capital to change my life and make the world a better place.

Send it. Sorry if “you” didn’t stack hard enough…a lesson in game theory.

Companies will do everything that bitcoin doesn’t do. And anything that Bitcoin NEEDS to do, eventually it will do, too.

We don’t need multiple cryptocurrencies. We need an unmanipulated, free market price signal for money. Everything else will derive off of that function performed by Bitcoin.

ETH is an unregistered security and if - for some reason - the SEC doesn’t regulate it as such then you will know that it is a government subsidized alternative to Bitcoin meant to slow Bitcoin adoption.

IMO the only way to accomplish this is to require a fee for every post. Different platforms might have different fees. If Lyn Alden is posting alpha, perhaps she would pay .0001 bitcoin with the expectation that she would receive more than that in value back. If we’re just shooting GMs and GNs around the horn then it would cost less but the quality of content would go down.

Ultimately we’re fighting that information is “free” from a marginal cost of production. So if we’re worried about the good information being lost in the clutter of the other information, then we need a financial “proof-of-work” to post. It would probably include a subscription model of daily expense to consume as well.