@Guy Swann and I running into Zeno’s paradox in the same week and connecting it to Bitcoin is an act of God. Happens also to be the same week I started reading my blogs and also in which i brought the secret society discovery of irrational numbers in an essay about the value of miners https://risk-fundamentals.ghost.io/what-is-the-value-of-a-bitcoin-miner/

I’m boosting this now so my Nostr friends see this: We covered this episode on Rock Laper Bitcoin. If you’re seeing this , you definitely want to listen to this and a couple of the preceding eps

Fountain: Podcasts & Music

The Path to Bitcoin • Episode #130 – A Message From Us • Listen on Fountain

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There is no requirement for any Bitcoin treasury to prove they can move their coins in order to tell the world of its value in their accounting statements. Microstrategy, Blackrock, etc. can claim billions on their Balance Sheet today thanks to the trust people have in their Bitcoin. Next cycle, it could be trillions of USD value. However, there is no requirement to prove that they control those coins. The reader of financial statements has to accept the value without that proof. The trillions of dollars on balance sheets will be subject to total and complete write-downs to ZERO in the event that an entity discovers they can’t move the Bitcoin. The incentives are also now for those entities to run Ponzis on their Treasuries and not disclose the loss to the public. A requirement would incentivize companies to implement best practices and reduce the likelihood of such a loss significantly. Be aware.

My biggest takeaways from the Bitcoin Conference 1. Matt Odell can’t take a joke (from a comedian he hired to be on his own show) and it’s actually worrisome to me how bad he is at it. An exercise in humility is warranted given how many people rely on his leadership 2. The next 4 years are going to be the craziest in my 50 years of life and I’m not prepared. 3. Privacy will continue go be reduced to a niche movement. 4, Ross Ulbricht should not be in prison but he became a virtue signal at the conference. Nobody seems to be putting pressure to discuss Samourai when they broke no laws and is a far more meaningful and consequential situation to Bitcoin. 5. There are young guys in the space who inspire the hell out of me and it’s good to know that there are people who will fight the good fight. 6. Bitcoin is great and doesn’t GAF about the circus. It’s the constant.