☕️☕️

Not easy, good luck

The “value” that #bitcoin produces and offers to the world is that it is a constant in the economic marketplace.

Its promise is to NEVER CHANGE.

The rules now = the rules forever.

Why?

So participants in that marketplace can trade equitably, which incentivizes them to provide real value.

That improves the quality of the products and makes prices go down.

This incentivizes to keep on improving.

And so on.

Fueling a marketplace with money that constantly loses value over time leads to lower quality because that is what that money incentivizes.

It makes the future more unpredictable.

This makes people consumers. Not builders.

Builders make us progress and innovate.

Which makes prices go down and living standards go up.

Scarce constant money = abundance in everything else.

Study #bitcoin

s/o to Jesse Myers for sharpening my thoughts today 🙏

We recorded a 90-minute podcast today.

It was GOOD 👌

Good question, I believe it unrealized losses. I have to think it’s equivalent to mortgage back securities. Debt that’s been repackaged and sold.

your website shows your NIP-05 identifier--mrjakewoodhouse@nostrplebs.com--but you don't have it attached to your Nostr profile. you should add it.

not sure what client you're using but you should be able to edit your profile and add it.

also IMO it is better to show your raw npub from your personal site. it is easier to search for that on Nostr. the NIP-05 identifier is an extra layer of identification that client software validate for users.

to be completely honest, before i manually validated your NIP-05, i thought this npub was an imposter bot.

> is there a historical business model, or models, that we could mimic?

Good question! Usenet and IRC were often hosted by ISPs, which users paid for indirectly with their internet subscriptions. People also paid for access to Usenet. DejaNews was a popular archive/provider service before it was bought by Google. On IRC people pay for service providers to keep them constantly connected (bouncers) and provide vanity DNS names. Also, people pay to run bots like Eggdrop to manage/moderate their channels.

For email and HTTP there are the obvious hosting and other service providers, but I suppose the biggest value they support is the things built on top of them, which is maybe fitting for a general-purpose protocol.

I'd go with:

- permissionless

- censorship resistant

- portable identity

It's not private, anyone can see anyone's signed events if they connect to the right relay.

Strength is primordial

Masculine power is the essence of survival

Without physical strength, humanity would not of survived

The apex male trait, is physical power

There is no limit to someone showing how intelligent they are

There is no limit to someone showing how wealthy they are

Strength? If you possess strength, you make a list, if u use it you go to jail, you’re stopped by guards and restrained

Without the physical power as a man…. You’re unable to achieve identity

No woman looks at a weak man and thinks “YES! HIM PLEASE”

Being 227 pounds at 5’6 I can tell you quite simply…. Women respond to a powerful look

If you’re muscular it catches the attention of the primal other sex

Why? Because blood knows without the physical… everything else could cost you your life

Everything else is inferior to strength

If you can’t protect your country….

If you can’t protect your home

Your woman

Your race

Your culture

Or your economy

You die

Strength is the primordial Apex….

Get lifting

Turn off mainstream media. Turn off also mainstream alternative media (that would be your Tucker Carlsons and Joe Rogans). Study and focus on your craft. Go outside. Read a book (actual, paper book). Don’t have pointless conversations. Ignore NPCs. Enjoy life.

That's like asking "how does internet make money?". It doesn't. Businesses built ON the internet can though 😉

Argentina is moving up my bucket list of places to visit. Quotes from Milei’s speech at UN today.

“The UN has become a multi-tentacled Leviathan that seeks to decide how each nation should live."

"We reject the 'Pact for the Future'—it is nothing but a socialist blueprint for control."

"Freedom is the only path forward for nations; we must resist any system that curtails it."

"Socialism designs a world it can't achieve, and when it fails, it represses the people."

"Argentina will lead an agenda of freedom, not submission to globalism."

"We must empower individuals, not centralize power in bureaucratic institutions."

"Freedom, free markets, and individual rights are the pillars of a prosperous society."

"We reject the collectivist agendas that destroy wealth and enslave nations."

"Austerity and economic discipline are the only roads to true independence."

"Long live freedom!"

Yeah, I guess I’m talking more about existing funds. There are plenty of funds with a broader mandate than bitcoin which are not crypto funds, but might invest across technology… e.g., maybe generalists, but with a fin-tech focus. They should be salivating on this opportunity.

I agree that to raise a new btc-focused equity fund at substantial scale today would generally be a difficult proposition. Any LP would need to be educated enough about bitcoin and own enough already, but see value in building things which accelerate adoption of bitcoin compared to just owning more of the underlying asset. It’s not quite philanthropy, but it takes a certain disposition.

I believe there are individual opportunities that can beat a bitcoin hurdle (and I invest in them myself as a small angel), but I think this get much harder to do when the volatility gets dampened with a portfolio.

I guess if you want to solve for at-scale capital to invest in bitcoin companies that are breaking out there are probably two paths:

1) build deal-by-deal SPV syndicates for the rare occasions that these opportunities present themselves

2) build a more generalist technology venture fund with a close eye toward bitcoin when these opportunities do emerge

idk, wdyt?

WHY NOSTR?

WHY IS IT IMPORTANT?

WHY SHOULD PEOPLE CARE?

idk if I can name names yet… I’ll ask the founder

I agree there’s not that many good equity investments yet which is, I think to your point, why there aren’t any funds that can do larger checks. It’s a bit of a chicken-and-egg thing. Maybe the market grows up and today’s seed funds have winners which let them grow AUM and write bigger checks, but it’s so extremely inefficient right now my eyes are bleeding. :P

Early stage equity investment from an illiquid captive-capital/blind-pool can’t typically allocate more than 20% to liquid assets at the manager’s discretion. So the actual hurdle would be alternative illiquid equity investments.

Maybe these LPs should just be all-in bitcoin, but if they’ve already decided to invest in a fund of illiquid technology ventures the hurdle is the alternatives from that asset class.

As an independent with your own portfolio you have more latitude so everything gets priced against bitcoin.

Trying to decide where I might move

Nostr has me believing cities are bad

But I've been a city boy all my life, is now the time to be alone in the woods