This is the way … but best to do it during the bear market. nostr:note12p7yk940kdp0emmj8da3dsm2xur0phevu8qvjay0avgzxvfm0emstfanp7
“Long your longs!” David Bailey 1/18/2025 nostr:note10xjnrvs4enfpjk5yk7f2ldpe46e4p9yqvk4e3xjs850jjusj6ddq2793um
Hope you’re wrong … I still think there are some big time players out there yet to allocate.
Also, rumors that OTC is running low on Bitcoin could be a big deal in a month or two. The miners are only making ~165k Bitcoin/year … apparently we’re down to 150k after being around 450k last year…
Finally, the Fed is letting the economy grind on itself with these current interest rate levels … the pain is building in fiat land … probably have to add some liquidity soon or fiat world is gonna lock up.
(Objectively) Worst. Bull. Run. Ever. (Still.) nostr:note17e02rpddmtvra5d4hhm6mm39p33smwn8pz2rgzwahc4aa0ta9tlsqw6wum
NGU is necessary to bitcoin’s success.
Sorry, I don’t make the rules.
Bitcoin proper is fine. I’m referring to the ecash / mint / lightning L2 applications.
Most people want an experience similar to what they have in their physical wallet and online bank account.
Bitcoin’s UX still sucks. Im not a complete idiot and I can keep track of all these different products providing different services. Which ones can I trust? Which ones are used where?
Just like in VC enabled Web3…there are far too many options and none of them make life “easier”
Except Ten31 isn’t doing the sats flow. He is allocating capital to companies doing the WORK and then advising others to flow sats. They’re taking a cut of their LPs’ capital.
Thats like the literal definition of VC…
The middle man is unnecessary. Funds are unnecessary. Bitcoin fixes this.
I disagree! We will (eventually) see … conventional reservoirs always go on ~10% decline … even the most prolific ones.
It’s interesting to watch Europe act like they’re still relevant.
What happens when Saudi Arabia’s 80+ year old conventional oil production goes on decline? We “suddenly” lose ~1M bbls/day … the supply shock to global markets will be real. The oil industry will hustle to build capacity to compensate but meaningful replacement supply will take 3-5 years to come online. And it will be from more expensive sources (oil sands, extreme deep water, very tight shale oil, etc.).
Existing oil production (even that already on decline) will become much, much more valuable.
Gonna have to get the network effects that Facebook, Twitter, WhatsApp, LinkedIn have achieved in order to really unlock the “value” of social media.
I have good friends who are huge bitcoiners, anti-government, “sovereign” who are still off NOSTR and on Twitter because the content (network effect) is so much better on Twitter…regardless of the censorship/throttling.
They have a point…the GM culture over here is “cute” … but it isn’t valuable. The content over here is far inferior to Twitter.
Time in the market vs. timing the market. nostr:note1sfe459cdg5nv55v3wm7schr4wtex3exyfmny6554fzjt2m28usrs87dzwn
The worst part is knowing what could be … at any moment. I guess it could create excitements for some.
Since I expect it and I’ve been all-in for years, I’m just sitting over here bitter that it isn’t here yet…
Objectively, it is the worst performing bull market so far.
Because the pools of capital that will soon be allocating to bitcoin are much larger than the pools of capital that were allocating to the retail rips. Also, those pools of capital will not be trading, they will be holding (per mandates) for 5-10 years.
Also, the legitimization of the asset that comes from traditional institutions participating.
Finally, the absolute scarcity and Bitcoin hodlers inclination to hodl the majority of their stack, whatever the price.
(Objectively) Worst. Bull. Run. Ever. nostr:note1644fvx7xjt3admngup0tc64c2vj3w2srn8s0qur7fsnlwvce3u7qs9ma9m
Don’t know how you define “VC”. To me, investing in a bunch of start-up companies, sitting on their boards, raising LP funds pretty much makes Ten31 a VC.
Obviously, y’all have a niche investment thesis but it doesn’t change that you’re a VC.
