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How to solve the shit zombie company blackhole bitcoin is inducing?
Bitcoin Fixes This Companies (BFTCs).
Instead of $3m at $15m as a startup, you raise $400m at $500m. With 1.25x to NAV you are in the black.
Then you spend $50m a year to grow a real underlying company that makes money, while buying call options as a hedge to the bitcoin short that allows you to spend those dollars, which grow future revenue, to allow more speculative attacking later than if you just buy bitcoin immediately the way anyone can, almost as if you were trying to lower your time preference or something!
You would need to be capable of identifying people who are able to build and fix things in a scalable way, which is different from selecting for fiat ponzi "company" builders and you would need to have good taste as to what is worth fixing/doing in the world... alas, I find almost all bitcoiners are clueless here, or vague to point of futurism gibberish.
This would be far more transformative than the fake tech startups funded by retards that are really just labor arbitrage schemes and pension ponzis that underperform public markets by a lot (compare to 2-3x levered QQQ).
It would also mean bitcoin can fix things immediately rather than after fiat dies because as these organizations grow with bitcoin, they can keep fixing the things that are broken. You probably can't do it even if you have 100k coins because you have no taste so you will keep acting dead and playing out the strategy an "AI" from 2 years ago probably could have come up with. Sad!
An organization such as Tether, suffering from the problem of having more cash than they know how to allocate, would find that problem instantly solved if they elected to have me help them execute on this strategy.
In fact, any high AUM fund!
Originally posted on X where I am shadowbanned and also Nostr. https://primal.net/e/nevent1qqsza8ftxdyew94wytrkvr0ldhq0d0hd9rlsl2nv86gtlpsnunps6vsd8777y