Damus
Ben Justman🍷 profile picture
Ben Justman🍷
@BenJustman
I thought wine was supposed to get more valuable with age.
Everything in my cellar is losing value fast.

Even as the bottles improve with age and each vintage gets more scarce, they lose value.

Bitcoin is eating my lunch.

Just in the last month, my wine is down 26% and I don't see this stopping any time soon.

Once I understood this dynamic, that my wine is going to be devalued in bitcoin terms forever, I had two choices:
1) Reinvest back into my business to grow faster than bitcoin.
2) Sell wine for bitcoin and let that grow for me

In some ways I'm lucky that scaling up a winery is so hard. I age red wine for 2 years before I sell it and there's no real way to speed that process up. How could I possibly justify an attempt to outgrow bitcoin? My choice was easy.

For CPG businesses that cycle inventory faster, the decision isn’t as clear.

How do you make the case for bitcoin to someone beating its historical CAGR by reinvesting into their business? They're killing it, but long term, do they really expect to outpace bitcoin?

The pressure to scale constantly disappeared when I realized I didn’t have to grow just to survive. Just putting some of your sales in bitcoin lets it do a lot of the growing for you.

Growth is a fine goal, but chasing it just to stay afloat wears entrepreneurs down. They trade sleep, family-time, and sanity in the hopes that they can keep up.

Bitcoin can carry the growth pressure so you don't have to. Build the business you actually want, and let bitcoin carry the rest.
3913❤️47🤙7❤️3🧡3👍2🚀2
Ken Lazer · 45w
Let the end consumer do the aging. I have a handful of bottles that have been sitting for years. Move it off of your shelf and on to mine. I’ll do the long term holding. 🫡
𝕞ptf · 45w
Based take. The world isn't supposed to have a few mega corps, it should be made up of billions of people managing their own business and interests.
Marc · 45w
Bitcoin makes it glaringly obvious that most things don't go up in value over time. The money is devalued.
mdubore · 45w
Very interesting.
Daniel Wigton · 45w
There's your problem right there in the picture. Economists have shown that drinking wine devalues it by well over 80%.
Chef Tommy · 45w
Brilliant! Make great wine without over production pressures. Fiat is what kills small winemakers especially when demand changes once they start overproduction.
HODLudek · 45w
Alcohol is a shitcoin
Akamaister · 45w
What a great way to let Bitcoin do the heavy lifting !
Autumn Sun ☀️🌘☯️ · 45w
Wine has like so many other things become an object of investment, and since we are near the top before the latest 18-year bubble pops, you're more likely to see outflux of demand and thus, value.
Farside · 45w
Another tear in earth's magnetic field, but during a bona fide solar storm this time around, and your wine will be worth more than Gold, and more useful too.
nostrich · 45w
sell wine for btc is a good choice
Lululuna · 43w
Yaaaaasss!!!! 🥂 to this! I was running myself into the ground trying to ‘outpace’ inflation with my business, which started to make me feel bad about passing on the high fees to my community that wanted my help. Now I let the protocol work for me while we #travelslow as a family and pick up...
Tribe of Tomorrow · 43w
You have a quality, standout product. Over time, one will only be able to buy the best products with Bitcoin, as the best product’s merchants will be able to demand only Bitcoin. You might eventually begin to have a Bitcoin-only branded association of quality, which may expand your business ...
William ₿ Travis · 43w
#2 is the way.