"The person who works his land will have plenty of food.
But the one who chases useless dreams isn't wise." Proverbs 12:11
who's the judge of "useless"?
sometimes i hear people's dreams and i'm privately relieved for them that they didn't pursue them. some people's dreams don't make good sense, and they can't see it for themselves.
but i still like dreaming and people who dream. I'm going to add to this verse: the following
"the one who chases useless dreams without calculating opportunity costs isn't wise."
Nelly's top secret printer in her bedroom woke her up at 12:01am
she clicked on the table lamp beside the bed in time to see the following text print out
"top secret operation cyber autophagy -----"
the words printed one by one on the ticker tape coming through the cryptographically secure mini-printer .
the paper automatically fed into a shredder after 5 minutes.
"oh yeah, today's the day we test the cyber-security systems of the vendors." Nelly remembered.
Just the afternoon before her boss had asked "Nelly, have you prepared the ransom-ware notices and randomized the addresses?"
"affirmative," she replied, "scheduled to be sent."
at 12:02, those emails would already be arriving in vendors inboxes. each email contained security breaches that her AI hacker agents found in the vendors' systems. each email also contained a ransom EmailCoin address.
"what do we do if they actually send EmailCoin to the wallet?" she asked her boss.
"they get fined and fired." he replied. "the department has been wanting to stockpile these tokens already, and it's their fault if they fail the security test anyway.
...
Fun fact: for TSLA to qualify for OWNB ETF tier 1 status (33% of balance sheet in Bitcoin) the price of Bitcoin would have to reach 5 million dollars.
Weighting of TSLA in OWNB would then be 2.5%.
Tesla is currently weighted at 1.7% in S&P500 and 1.71% in OWNB.
it's never a bad day for this Samsung stock
staring at the stars at 4am, and i realized that the flowerbed is glittering.
small sluglike creatures that have a firefly-like light blinking on and off.
a side effect of NAC pills may be not wanting to wash dishes.
this is a treatment that's supposed to help get rid of spike protein or just get rid of free radicals.
however, I've left dishes in the sink for hours. I've even used the dishwasher. i've always happily hand-washed dishes and disliked dishwashers
so i looked up NAC side effects and discovered it was used to treat OCD... go figure. Does that mean worrying about spike protein is what this is treating? if that's the case, i may have to stop taking it so i can go back to washing dishes.
Trying to conceptualize Tesla over the last couple days has seen me browsing thru some content of this fellow James.
He just mentioned that $MSTR has a "sovereign put" that protects the MNAV above 1.
That makes sense to me for all the BTCTCs' MNAVs to remain above 1. Because not only would there be a sovereign put on a larger Bitcoin Treasury Company like MSTR, but I could also imagine larger companies buying the smaller BTCTCs at a premium to MNAV=1.
I'm trying to imagine the S&P index in which every company has bitcoin on their balance sheet. It already seems like Bitwise OWNB etf is the new S&P index.
like, Bitcoin should outperform the S&P. But companies who earn more Bitcoin than they spend (and save it on their balance sheet) should outperform bitcoin.
So therefore, if OWNB is a passive "bitcoin company" index, it *should* outperform bitcoin?
after weeks of 1 vByte fees for Slow, Medium, High prioirity, we get a huge spike tonight!
my mom has been orange pilled by the youtube algorithm. she started quoting Saylor to me.
i was shocked and a tad bitter. i'm coming around to the realization that i am not gatekeeper to the land of orange.
"Where are your orange shoes?" she asked me. (my shoes are yellow).
"Where did you learn all this stuff, mom?" I asked.
"I've been watching Youtube video of Saylor standing on a table. He says we are in year 1 of adoption. So that means I got in in year 0."
She explains bitcoin as the alphabet. 26 letters but infinite combinations.
If bitcoin didn't exist, i would be interested in TSLA for self driving taxis and Optimus robots.
however, i still cannot answer the question whether 100% self driving is possible.
TechLead mentions that he thinks cars will be tele-operated. a human needs to be in the loop in the case of hallucinations.
part of me wonders, is AGI constrained in some sort of spiritual way.
like AI can only be a tool for humans but never replace humans.
perhaps 1 human can oversee multiple AIs but only if the humans have really good parenting skills and eyes in the back of their head from raising humans.
June 16 to September 16 QTD portfolio comparisons:
Bitcoin only control group: (106,000 to 116,000)
33% BTC | 66% Bitwise OWNB ETF: 0.2% BTC gain
33% BTC | 66% Grok AI managed portfolio: -0.25% BTC loss
33% BTC | 40% MSTR 10% Metaplanet 10% SmarterWebCo 6% MSTR Leaps: -15% BTC loss
As much as it sucks to be beat by AI, bitcoin, and by a passive ETF, this makes me happy about the OWNB etf. Passive investing has a lot of proponents, and this is an ETF of companies who have committed to a bitcoin standard in some shape or form.
The OWNB weighting for Tesla is 1.8% which isn't far off of the Nasdaq weighting. Tesla is the most interesting stock to me outside of bitcoin. However, I don't want the TESLA risks of CEO, batteries, supply chains, LLM hallucinations, etc. I also don't want the public miners.
what i'm trying to do is just strip out the companies from OWNB that have any risk other than accumulating bitcoin. I just want the ones that have publicly active management so I can judge their characters/actions. I want the 20% foreign exposure that the classic portfolio recommends. even tho this is kinda silly because bitcoin is already global.
I can't go to public mining sites and make sure they are getting good deals on land, electricity, etc. I can watch presentations of BTCTC CEOs and have confidence for how they handle business.
December 16, 2025 will tell if my bets paid off, and I will beat OWNB, AI and "just buy bitcoin".
