@Marty Bent mentions the #bitcoin depository receipts in the last rhr - tough to see how the DRs 'help' with distribution. why build a gate in the middle of a field unless you plan to put a wall up?
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Win Smith
npub1q742...d6kr
Fractional finance department for small businesses. Startups, finance, and accounting.
The last time you could have invested in Amazon for a 10x to todays 'mature' valuation was 20 years after its IPO. 100x was about 8 years after IPO.
AMZN is a poor proxy for global 'e-commerce' given its not global and faces competition within that market, and e-commerce is a poor proxy for monetary system because scope pales in comparison, but one way to assuage the 'im too late' #bitcoin #fud
Listening to @Saifedean Ammous
fiat food ep with Dr Ken Berry
They outline 3 possible paths of academic institutions as health science increasingly contradicts fiat science - gaslight, double down, or fail - but what about admit error and course correct?
In more competitive corporate markets, stakeholders of a failing company would regularly elect new executive leadership along with some loud ‘mistakes were made’ sandbagging press releases that would provide room for new leadership to make drastic changes to the organization while maintaining trust in their long term goals.
Why wouldn’t some universities start realigning health studies toward social good (how they get paid in a decentralized world) and away from corporate interests (how they get paid in a captured world) under a more fair financial system?
Spotify
201. Fiat Food with Dr. Ken Berry
The Bitcoin Standard Podcast · Episode
New FASB policies definitely not overrated @RABBIT HOLE RECAP @ODELL . There is a stark binary constraint for institutional treasury management between ‘liquid’ securities that are mark to market vs ‘illiquid’ assets that get impaired - totally different parts of balance sheet and totally different allocations (if even allowable on many balance sheets). Whether valid or not, the accounting treatment pushes assets to a different and much smaller pool of allowable treasury management options - ‘grok’ or not.
More importantly than the ‘meh moar bullish’ argument is that this will defend against ETF sucking up the institutional demand- so for institutions that want bitcoin, it’s a no brainer to use a mark to market security over an intangible asset - meaning they would be stuck with the ETF, no matter what. This standard would put self-custody options on the same level as the ETF. Massive reduction of regulatory capture surface area in the us and allows corp adoption outside of blackrock.
What are the best tools for integrating #bitcoin and #lightningnetwork into small business accounts payable and accounts receivable workflows? For example, a stripe type payment processing tool that easily integrates with invoice/accounting and other existing systems.