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GRANTGILLIAM profile picture
GRANTGILLIAM
@GRANTGILLIAM

Bitcoin, Ten31

npub1saxmd5km0vusxhl84tqeaqaysftezh3h6ne22h95efntutth42yqlju5fvnpub
[email protected]nip05
[email protected]lnurl
Relays (19)
  • wss://brb.io – write
  • wss://eden.nostr.land – write
  • wss://nos.lol – write
  • wss://offchain.pub – write
  • wss://relay.current.fyi – write
  • wss://relay.nostr.band – write
  • wss://relay.primal.net – write
  • wss://relay.snort.social – write
  • wss://nostr-relay.wlvs.space – write
  • wss://nostr.fmt.wiz.biz – write
  • wss://nostr.orangepill.dev – write
  • wss://nostr.oxtr.dev – write
  • wss://nostr.v0l.io – write
  • wss://nostr.wine – write
  • wss://nostr.zebedee.cloud – write
  • wss://puravida.nostr.land – write
  • wss://relay.damus.io – write
  • wss://relay.nostr.bg – write
  • wss://nostr.bitcoiner.social – write

Recent Notes

GRANTGILLIAM profile picture
Ten31 Timestamp 830,861
courtesy of @npub1g0euj...

While the S&P and Nasdaq were down modestly on the week as investors digested a potentially longer path to central bank rate cuts, bitcoin ripped off another ~10% move up as net inflows to new spot ETFs accelerated to the tune of ~$2.5 billion. As price inflation proves stickier than hoped (even as measured by questionable official statistics), major pockets of traditional investment like commercial real estate continue to look more impaired, and central bankers worldwide say the quiet part out loud with growing frequency, we wouldn’t bet on this strong trend for interest in bitcoin reversing in the near term.

https://www.ten31timestamp.com/p/ten31-timestamp-830861
GRANTGILLIAM profile picture
Imagine a company that denominates its income statement in bitcoin, is profitable, and accrues bitcoin on its balance sheet. That sounds a lot like a bitcoin mining company. However, bitcoin mining companies are extremely capital intensive and fiercely competitive (anyone can plug in a miner and compete). In an open monetary network like Bitcoin, it is plausible that certain Bitcoin technology companies could establish early leadership positions in their respective fields with sustainable competitive advantages (sticky business models, technology infrastructure, network effect businesses, brand loyalty, etc.). Those companies would implicitly look a lot like bitcoin miners (generating a consistent stream of sats flows), except with a less capital intensive business model (no constant replenishment of equipment) and with less competition than bitcoin miners. This is a very compelling financial profile and an underappreciated aspect of investing in the future leaders of the Bitcoin ecosystem, and we are pursuing these types of investments at Ten31.