Avatar
Bitcoin Attorney
c368bb4563845c59f7173113d9579700a03c7bd8acfa32c3ec5bf04e5c06be1b
Familia | Libertad | Privacidad | #bitcoin https://bitcoiner.guide/ https://bitcoin-resources.com/ https://bitcoin-only.com https://hrf.org/devfund https://opensats.org

Privacy is a human, right

nostr:note1x6el0axtm4k9csqt33ez92x8ctwvvf7lk3n2x5pdxljkuk00v6pqynjyfd

“Be true to yourself, help others, make each day your masterpiece, make friendships a fine art, drink deeply from good books—especially the Bible, build a shelter against a rainy day, give thanks for your blessings and pray for guidance every day.”

- John Wooden

GM 🤙

nostr:note1c9h69zftrc5nt8xz2nv7r7drjwngpdxlf55u4k7xjzrmkynyt2wq74djmd

“Waste no more time arguing what a good man should be. Be one.”

— Marcus Aurelius

“The disease of our times is that we live on the surface. We’re like the Platte River, a mile wide and an inch deep. I always say, 'If you want to become a billionaire, invent something that will allow people to indulge their own Resistance.' Somebody did invent it. It’s called the Internet. Social media. That wonderland where we can flit from one superficial, jerkoff distraction to another, always remaining on the surface, never going deeper than an inch. Real work and real satisfaction come from the opposite of what the web provides. They come from going deep into something—the book you’re writing, the album, the movie—and staying there for a long, long time.”

— Steven Pressfield in Tribe of Mentors

“I always entertain the notion that I'm wrong, or that I'll have to revise my opinion. Most of the time that feels good; sometimes it really hurts and is embarrassing.”

— Anthony Bourdain

"Tell me with whom you consort and I will tell you who you are; if I know how you spend your time, then I know what might become of you."

Johann Wolfgang von Goethe

When Rodman interview with Kim Jong Un?

"silence encourages the tormentor, never the tormented."

- Elie Wiesel

"The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."

- Thomas Sowell

"You will earn the respect of all if you begin by earning the respect of yourself. "

- Musonius Rufus

"No great thing is created suddenly."

- Epictetus

"Choose someone whose way of life as well as words, and whose very face as mirroring the character that lies behind it, have won your approval. Be always pointing him out to yourself either as your guardian or as your model. There is a need, in my view, for someone as a standard against which our characters can measure themselves. Without a ruler to do it against you won’t make crooked straight."

- Seneca

"Do not be wise in words - be wise in deeds."

- Marcus Aurelius

"The future is already here - it’s just not evenly distributed.”

​— William Gibson

"Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer. But tell me more about your analogy..."

- Naval Ravikant

Replying to Avatar Cory 🦢 Swan

I hear Matt @odell claims people think his VC firm, Ten31, is closely tied to Swan and that some people may be influenced to use Swan or invest in Swan because of Ten31's involvement. Let me state very clearly that Ten31 has no influence on Swan, and no information rights. Ten31's biggest investment by far is in Strike, they sit on the Unchained board, and Matt and Marty's podcast is sponsored by River.

Matt was a very early advisor to Swan, specifically focused on privacy, and we very much appreciate his contributions. He owns some advisor shares in Swan, but has never been asked to invest.

Jonathan and Grant from Ten31 each cut angel checks into Swan very early on, and rolled them into their first fund. They also cut a small check into our A round from Ten31, which was a party round (lots of small checks) in Fall 2021. I don't think we ever received an investor referral from Ten31, nor do I remember ever hearing someone mention Ten31 when getting in touch about a Swan investment.

In summary, as @Odell himself said, Ten31 invested a tiny amount in Swan, long ago, and has no information rights. All large investors in Swan do extensive diligence, and they are not concerned with the names of seed funds from early rounds.

Regarding Swan's small hedge fund that we created for a couple of our institutional investors, which seems to have triggered the latest outburst from Mr. Odell:

We needed a head of trading for institutional clients to execute trades with VWAP / TWAP etc and tight spreads from multiple OTC desks. He happened to have a great track record of asset management, and a strong desire to continue managing money. A couple of our investors wanted a lower-vol Bitcoin strategy (sit in cash during drawdowns, ok with losing a little upside by missing part of some pumps), and decided to seed him in a Swan-managed fund. The fund is already at capacity and we are not marketing it.

My advice to retail investors remains the same as it's always been: DON'T TRADE UNLESS YOU WERE ALREADY A PROFESSIONAL TRADER. 99% get rekt, and it's even worse in "crypto" because that game is rigged even worse than tradfi. Much better to stay humble and stack sats, ideally with a Bitcoin-only company like Swan (we don't even have a sell button! and we have still have FREE automatic withdrawals).

Swan made a public announcement that Swan Ventures deployed $150 million across the bitcoin ecosystem and has a target of allocating $1 billion by 2025.

I think it’s a legitimate question to ask where that was contributed if nobody in the ecosystem has heard of it.

@odell has some good questions though. I appreciate he's asking them publicy 🤙