19 sats \ 0 replies \ @039e7a238d 2 Jul \ on: Why do you think Bitcoin is a good thing for people? bitcoin
Bitcoin is a project for freedom, justice and peace:
- Freedom because you and you alone control when and where you can spend your wealth
- Justice because it's rule based. No-one is special. No-one benefits from the cantillon-effect of being able to create money from thin air.
- Peace because funding wars becomes more difficult in a system where governments need to collect funds by taxing (or by fair market interest rate)
That's the point. With start-ups you probably also get liquidated.
That said, you should obv. adjust your benchmark leverage according to the risk profile of the fund (/start-up).
So. For example, if you invest into a single start-up, you should probably get a 90% failure rate. A simple approximation for leverage would be to check the historical price chart of bitcoin and see what kind of leverage will not get liquidated 10% of the time (historically). You can do other approximations as well.
Sure. That's not enough though. Just beating bitcoins performance as a VC fund is hard enough. Now imagine you need to beat 3x (or whatever you consider same risk as your start-up portfolio) leveraged bitcoin performance.
Most of bitcoin start-ups rely heavily on bitcoin succeeding, so both the leveraged bitcoin and the bitcoin fund are dependent on that.
If your benchmark is a generic tech VC-fund then, maybe, you may be able to beat the benchmark (if and when bitcoin continues to grow).
Unfortunately being a bitcoin VC is pretty fucking hard.
You need to benchmark your performance not only to holding bitcoin, but to holding a leveraged bitcoin position to have a fair benchmark with a similar risk profile.
Summerhill: A Radical Approach to Child Rearing - https://en.wikipedia.org/wiki/Summerhill_(book)
Read it. It'll blow your mind!
A lot of people shutting down their nodes: #486283
Just buy consumer grade HW (a motherboard with integrated graphics cards will do). That's the way to go DIY.
tl;dr - No - everyone needs to adapt - everything will be built on top of bitcoin, fees reflect that reality
Never will we see an empty mempool. The LSP's need to adapt, you need to adapt. Competition is here.
This is only natural since it's the part of the path of "everything will be built on top of bitcoin". If you can't pay the fees to get the onchain security, your application is not worthy of it.
people interested in play2earn should try zebedee (https://zebedee.io/) too!
People do.
Instead of talking about what bitcoin is and how it works, or should you invest in it, I've had success talking about the problems current monetary/payment systems have globally.
It's hard to disagree that people under authoritarian regimes need an escape valve if they are being oppressed using their financial system.