Yep, I agree and I spend zero percent of my time worrying about it. Just noticing and thinking.
My Journey To Bitcoin
I’m 47. Outside of my unrelaized carry in our portfolio companies nearly 90% of my liquid net worth is in BTC (ok maybe 80% BTC and 10% MSTR).
I use to be the poster child for Trad-Fi. Ivy League MBA and trained in Keynesian economics. Worked in Investment Banking at JPMorgan and witnessed the 2008 collapse and effects of money printing first hand.
For the last 7 years I’ve run a lower mid market PE shop and the effects of the monetary policy during the pandemic and the near 600 basis point rate increase in a span of 9 months and the cash impact of that on our levered portfolio companies (yes a few of them failed) was another moment of realization that the system I was trained in just doesn’t work.
Finally decided to humble myself and put in over 300 hours and relearn EVERYTHING I knew about economics and hard money even though it conflicted with everything I learned in my successful 16 year career on Wall Street / Private Equity.
The Result of The Inquiry: Came to a clear realization that Bitcoin is a once in a 1000 year phenomenon and is the Hardest Money ever created. AND even in my best years as an investor I can’t beat Bitcoin’s 4 year average returns. That was humbling.
As they say if you can’t beat em - Join em! I have been fully converted to a BTC Maxi 🫡
Glad to Join The Nostr Community!
Shoutout to nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l for the inspiration to join 🙏🏼
Welcome to Nostr! Good to see you young guys still in your 40s make the move. 🚁😁
I don’t think anyone is going to jail for assuming they don’t have all the bitcoin. If you mean people in the companies would go to jail, you’re correct if there are actually regulators savvy enough to discover the fraud. If they can prove it to a regulator, they can also prove it to me. Until then, my assumption stays the same.
Until proven wrong, my assumption is that Microstrategy, Coinbase, and the etfs do not have all the Bitcoin they claim to have. Why would anyone assume otherwise?
Max pain is still headed our way.
Hopefully there is some pain and lessons learned soon. Many small pain lessons is better than one huge one.
Don’t feed the system that feeds off of you.
#BitcoinOnly
#NostrOnly
(H/t nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe)
Done 🚁😎
Nostr works, that’s why I’m reading what you wrote. There is not a single closed source place where you could have written that and I’d ever see it. I’m just a user and I’m only on Nostr. Thanks #nostr developers!
Frustrating some times how easily the free snacks at work derail my good intentions.
Either we know by March or this administration is just more of the same.
What a miserable lot.
I have no idea what you’re doing but I know you’re doing awesome! Keep it up. 🚁😎
💯 maintaining freedom requires work.
Wherever you are right now, good or bad, it is the sum total of every decision you’ve ever made in your life. There are 1000s of decisions we could have made that would have resulted in living a different life. Once I realized this truth as a young man, I knew a victim mentality would never cut it in my life.


