Damus
Open in Damus
Phil profile picture
Phil
@Phil

Sharing thoughts on BTC, Finance, CrossFit, Atl Braves

npub1t49wf83gf22szm55ftjullyjs3cv9s7s3hky6f9fwfyjx7xfst6qaw2j9unpub
[email protected]nip05
[email protected]lnurl
Relays (10)
  • wss://nostr.orangepill.dev – read & write
  • wss://nos.lol – read & write
  • wss://brb.io – read & write
  • wss://nostr.wine – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.snort.social – read & write
  • wss://eden.nostr.land – read & write
  • wss://nostr.land – read & write
  • wss://relay.current.fyi – read & write
  • wss://offchain.pub – read & write

Recent Notes

Phil profile picture
@jack mallers Jack, sincere question for you on XXI that I know you prbly can’t answer on here (would be great if you could answer on next Mailbag Monday).

The weekly “no updates” on XXI…it seems like an odd decision to have a public company with no current operating company and nothing you can really talk about. Was the decision to go public just a timing thing with the momentum(many months ago) for BTC Treasury Cos, and then with the general market pullback the thesis evolved to more of a focus on the ops?

Just seems odd to give these kind of continual updates for a public company. As you know, much easier to develop an operating company while private.

Genuinely curious and appreciate you.
𝕾𝖊𝖗 𝕾𝖑𝖊𝖊𝖕𝖞 · 1w
That’s assuming he’s settling 100% USD https://image.nostr.build/aee63032a1d7d6d93f31c59bff206e97c2b71e82eed4c3d26e2defb75c4b4dab.jpg
walker · 1w
Pretty sure you can choose how you want to receive it. i.e. in Bitcoin or in Fiat. Regardless, that’s not the point.
Apatight⚡️ · 2w
Check out Eric Weinstein and friends on youtube. There was a very careful positioning- they are afraid of Dowd and the establishment cancelling them and ruining their careers.
Mr. "Never puts the Oven Mitts away" Cliff, B.Sc. 🇨🇦 · 2w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqt49wf83gf22szm55ftjullyjs3cv9s7s3hky6f9fwfyjx7xfst6qh88m4f nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqdw840cz87spfe2f4j86a2c0yc23y0l6exygh6fgwk9qxegegj7dqtuf20e because nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqdw840cz...
Apatight⚡️ · 2w
This is largely driven by NIST, and none are in any inplementation, all are researching with targets in 2030. Early, early days. Quantum Physics is coming under heavy scrutiny lately becuase after decades of mental masterbation around the work of Edward Dowd, colleagues are finally coming out of the...
Apatight⚡️ · 2w
Appreciate that centralized decisions are typically faster, but I guess the point I’m making is the economic value of the target. Bitcoin ranges $1-2 Trillion. Legacy finance is 100x that value. It ...
 Phil profile picture
Phil @Phil
Agreed, but I’ve heard a number of banking and defense datapoints about organizations already making these changes. I think that’s where people see the vulnerability. Doing anything like this in Bitcoin is hard by design, and no matter what it’s a hard fork with real trade offs somewhere (higher fees, slower, etc.). Doesn’t feel great with that kind of uncertainty overhang
1
Apatight⚡️ · 2w
Everything is already vulnerable to theoretical quantum attack. I work with large enterprise IT and hypersclalers and I can tell you- none are working hard on this. There are a small number of research projects but that’s it. Banking absolutely not. Military, yes through the DOE and partnerships w...
Apatight⚡️ · 2w
Appreciate that centralized decisions are typically faster, but I guess the point I’m making is the economic value of the target. Bitcoin ranges $1-2 Trillion. Legacy finance is 100x that value. It would be like developing a nuke and only characterizing it as a threat to Costa Rica.
Phil profile picture
This is a really tough and scary dynamic for people new to Bitcoin, but there’s literally NO PRICE that’s off the table at any given moment.

Bitcoin is priced of marginal demand. If Saylor’s or Satoshi’s coins come to market, we fall until all those coins find the marginal buyer.

But the inverse is true. This thing can also go up as fast as it goes down.

Best to mentally prepare yourself for both, and have a plan for what you’ll do.