I'll take sats flow over compound interest

Sats flow is the eighth wonder of the world. He who understands it, earns it; he who doesn't, burns it.

wut https://www.statmuse.com/nba/ask/luka-tonight

LET THE SATS FLOW THROUGH YOU

sats flows are king

if you could have sats flows today, would you be willing to defer them for the chance to have the *same or lesser amount* of sats flows in the future? or would you always require *more* sats to compensate for the time value of having them today and risk of not having them in the future?

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.

BEND THE KNEE TO SATS FLOWS

IT'S BEEN OVER TWO YEARS SINCE I WROTE ABOUT INVESTING IN SATS FLOWS BUSINESSES AND STILL NO ONE ELSE IS PAYING ATTENTION

when the money printer is taken away, sats flow is king

growth at all costs is dead because of bitcoin. bitcoin is the opportunity cost now, so the equation has changed

Ten31 Timestamp early leak After months of hype and several highly entertaining false starts, the SEC finally approved 11 spot bitcoin ETFs on Wednesday of this week – exactly 15 years after Hal Finney’s iconic “running bitcoin” tweet – with trading commencing the following day. While the dust has yet to settle on exactly how early flows will shake out and the market’s hysterics leading up to the approval were undoubtedly a sideshow, we do expect these vehicles will make it easier for traditional pools of capital to flow into bitcoin, with positive implications for bitcoin’s price over time. More importantly, though, these ETFs represent the latest piece of clear evidence of Ten31’s thesis that bitcoin is eating the world. After years of deriding bitcoin as not just uninteresting but even outright harmful, the leaders of the legacy financial system just spent the last several weeks in a sprint to not only secure approval for their bitcoin ETFs but also to outdo each other in extolling bitcoin’s unique virtues on mainstream news appearances. Most notably, Larry Fink, who just a few years ago called bitcoin an “index of money laundering,” took to multiple broadcasts to promote bitcoin as an “asset that protects you.” While Larry clearly still doesn’t fully get it, this diametric shift in tone is emblematic of the fact that, sooner or later, every self-interested economic actor will have to embrace bitcoin. We expanded on the derivative implications of this reality in a longform piece out this week titled Bitcoin is Eating the World, where we walk through what growing mainstream acceptance of and interest in bitcoin means for the still highly underappreciated bitcoin infrastructure ecosystem. The ETFs are certainly a bullish milestone and signpost, but they are still just a very early indication of the wave of mainstream adoption we see coming over the next decade, and this wave will have seismic implications for early investors in bitcoin’s enabling technologies. https://ten31.vc/insights/tam

Stop following the news for a minute and consider adding bitcoin to the corporate treasury. Ten31's thoughts about bitcoin and treasury are here: https://ten31.vc/insights/treasury

bitcoiners rolling into 2024 with upcoming etf approvals and halving:

Less is more

THE FIAT MUST HE PURGED

2024 incoming