Dave86ch

Bought more BTC under $100,000.

Got it. The CEO of ALTBG has the right attitude to succeed. Unfortunately, my broker prevents me from buying Japanese stocks.

Why selling ALTBG?

At some point, people will start collateralizing their Bitcoin to take out loans and live off the proceeds, instead of selling their Bitcoin. Jack Maller of Strike is already working on this, offering products in that direction. As Pompliano points out, Bitcoin is becoming the new bond—a global bond.

Bitcoin is like a global land market, there’s always monetary excess somewhere in the world looking for a scarce asset. A global hurdle rate, indeed.

The main reason is emotional instability—an outcome of an unhealthy lifestyle. Bitcoin is the easiest asset to hold in history, designed to redistribute wealth. It's as simple as a religion, where the only sermon is: “HODL and stack sats".

From a historical perspective, aside from the branded “freedom for the plebs”, sovereignty was never meant for everyone. Freedom is often just an excuse to entrench power in a new aristocracy, which typically uses semantics to spread the meme, rethorical weapons. From a technical perspective, nothing has really changed, mining centralization remains something to monitor, even if many solutions are emerging at the protocol level.

Starter $ALTBG

Tools.

The cryptographic one-way functions that underpin Bitcoin can't be "hacked".

No one’s buying the products from the companies you own if no one’s marketing them. People need to know what a tool is for before they'll actually use it. We humans are tool inventors, and we memetically copy each other — that’s the power of our species.

+1 for the Will Durant reference. I’m reading through all his work—currently at the Renaissance chapter. He laid out a complete framework for understanding and navigating our environment.

If people stop believing in Google as a tool and decide to use DuckDuckGo, that’s the real question. You shouldn’t value the company; you must value the tool. In Bitcoin’s case, the tool is a protocol that enforces scarcity through the most extensive Proof-of-Work (PoW) network.

The difference between the screw and Bitcoin was pointed out in the post itself. Bitcoin is the first network that enforces digital scarcity by channeling physical energy. Scarcity is the screw we need in the cyberspace. Its extension, absence of a founder, and dominant protocol mindshare make it a superior tool compared to alternatives, including gold and fiat currencies. Think about it: historically, whenever new markets opened, new forms of money emerged. Silk Road introduced the idea of using the internet for trading; new trade routes opened, and a new monetary system was born. Ironically, the same money used for trade is now part of the U.S. Bitcoin reserve. The disparity of views is natural. How many things can you build with a simple screw? Versatility is a defining feature of a true tool. Bitcoin, like the screw, is foundational — it enables the construction of entirely new systems, not just isolated use cases.

You’re trying to value a tool, In the same way you’d value a company that sells tools. Take a metallic, tapered helical cylinder. By itself, it’s worthless. Just a strangely shaped piece of metal. Does it have value? To the inventor, yes. It solves a problem. To everyone else? Probably not. Most people don’t try to solve problems. They don’t even see them. They just accept reality as it is. To see its value, you have to engage with it. Study it. Use it. Build systems around it. Teach others how it makes life better than before. Eventually, it gets a name: the screw. Other tools are created to interact with it. Mental models are formed. A new standard is born. Life becomes easier, but only if you have the screw. The screw has a network. And now, it’s valuable. Because you have to buy it in a free market. Digital tools follow the same path, But they’re harder to see, harder to grasp. They're abstract. They don’t feel real until someone puts them everywhere. And only then do we realize life has improved. What we need now is digital scarcity. But who can deliver it? No one. Because no one can be trusted Not as coin masters, Not as information keepers. What have we had until now? Illusions. Systems that work Until they collapse. Currencies rise and fall. Empires with them. What do we need? A tool.

In my country, the employer has a fund where it invests money on behalf of its employees. The employees don't decide how the money is managed, and I'm quite sure that at some point, many people will be exposed to Bitcoin without having chosen it.

It's not for everyone, but it will eventually become part of everyone's pension fund.

I agree. However, I summarized the most important points that came to mind, those for which I had some rational metrics to analyze.

In some contexts, owning a self-certifiable, highly transportable, widely accepted protocol that acts as a form of money—and can be transferred on private channels instantly just by accessing a bash terminal can make the difference between being rich and poor. Where I live, many places, including grocery stores, accept Bitcoin. This means I can run a node and pay without intermediaries, in a private manner. The Bitcoins are transferred from my node to the grocery store, allowing me to buy food using private channels. Alternatively, I can use CoinJoin to mix my transactions and transfer value without intermediaries, ensuring that nobody can link these transactions to me. Everything operates without intermediaries, is digital-native, and utilizes surplus energy. It incentivizes energy use as needed, anywhere on the planet, at any hour, every day of the week.

Decision-making about one's life must be based on multiple perspectives. Writing, and then processing those writings through an LLM, is simply a way to connect some of the dots. Creating digital content becomes an asset in itself. Personally, I define my success through four dimensions: Physical fitness Wealth Emotional stability Mental clarity I also share my blood tests, running and weightlifting routine, supplements, and dietary regimen with O3, asking it to remember everything. Then I ask various questions to triangulate its insights. This approach is still far less biased than relying on the average person, who typically: Doesn’t cite sources Has opinions shaped by envy or some other bias. Operates with limited context. O3 is proving to be a powerful tool, increasingly valuable in managing and optimizing various aspects of my life.

I’ve realized the value of creating qualitative content by asking GPT-4 (o3) to analyze my blogs, tweets, and a PDF where I share various thoughts.