GRANTGILLIAM

Bitcoin, Ten31

Public Key

npub1saxmd5km0vusxhl84tqeaqaysftezh3h6ne22h95efntutth42yqlju5fv

NIP-05 Address

GRANTGILLIAM@grantgilliam.com

NIP-57 Address

grant@primal.net

Profile Code

nprofile1qqsgwndk6tdhkwgrtln64sv7swjgy4u3tcmafu49tj6v5e4794m64zqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3samnwvaz7tmjv4kxz7fwdehhxamgv4ex2tnrdakst5rlrt

Publishing to

relay.damus.io

relay.noswhere.com

Author Public Key

npub1saxmd5km0vusxhl84tqeaqaysftezh3h6ne22h95efntutth42yqlju5fv

Show more details

Last Notes

2024-09-13 03:23:28

sometimes it’s better to watch at 0.5x speed
https://m.primal.net/KoQt.mov

2024-09-06 21:37:35

I guess we’re running it back
#note1nmf…4duz
https://m.primal.net/KhOB.jpg

2024-09-04 01:39:38

Who said it better?
https://m.primal.net/KdEY.jpg

2024-08-28 04:10:28

SATS FLOW - z16a KILLER
https://m.primal.net/KQzb.mp4

2024-08-26 18:50:47

- reply

I’m working getting some of my writing on highlighter but haven’t figured out completely how the formatting works. Seems like some of the markdown syntax works but maybe it’s something else as well? Was trying to add links and do some other formatting.

2024-08-20 20:48:45

PODCASTS AT 1X SPEED, BE PRESENT IN THE MOMENT

2024-08-20 03:40:25

satsflow.capital

2024-08-16 19:28:19

I am the Guy Swann of sats flows, I have thought about sats flows more than anyone you know 🤣

2024-08-15 02:00:45

SATS FLOW - z16a KILLER

2024-08-13 02:50:17

A BUSINESS ADDING BITCOIN TO ITS BALANCE SHEET BUILDS EQUITY VALUE. A BUSINESS GENERATING SUSTAINABLE SATS FLOWS BUILDS ENTERPRISE VALUE. THEY CAN BE LINKED, BUT THERE IS A DIFFERENCE. FEW UNDERSTAND THIS.

2024-08-13 02:05:49

SHOULD I TALK ABOUT SATS FLOWS MORE?

2024-08-09 03:53:04

THE ANSWER WAS NO
#note13mm…ms9g

2024-07-23 15:36:12

OPEN SOURCE IS THE PATH FORWARD
https://m.primal.net/Jbau.png
https://m.primal.net/Jbav.png
https://m.primal.net/Jbax.png
https://m.primal.net/Jbay.png
https://m.primal.net/Jbaz.png
https://m.primal.net/JbbA.png

2024-06-22 03:38:57

His writing style is unmatched
https://blog.bitmex.com/shikata-ga-nai/

2024-06-21 11:53:16

SATS FLOWS PRECEDE HYPERBITCOINIZATION. FEW UNDERSTAND THIS. GM.

2024-06-20 12:42:26

THE ROAD TO A BITCOIN STANDARD IS PAVED WITH GOOD SATS FLOWS. GM

2024-06-19 11:37:15

HAVE BEEN WAITING YEARS FOR SOMEONE ELSE TO START TALKING ABOUT SATS FLOWS. STILL WAITING.
GM

2024-06-18 00:39:00

- reply

THE MOST POWERFUL FORCE IN THE WORLD IF YOU CAN CHANNEL IT

2024-06-17 18:13:44

SATS FLOW IS THE ULTIMATE SIGNAL. FEW UNDERSTAND THIS.

2024-06-17 18:09:20

- reply

One of the essays on our website, maybe the investing in bitcoin infrastructure piece

2024-06-17 17:57:45

How you know you’ve made it as an actor
https://m.primal.net/IoRM.jpg

2024-06-17 15:56:09

Will there be any discussions at the bitcoin conference in Nashville about sats flows?

2024-06-05 17:39:11

“The Day The Dollar Die” - Peter Tosh
https://m.primal.net/IZqO.mov

2024-06-01 14:23:08

- reply

https://fount.bio/products/flykitt

2024-05-29 02:37:55

It’s more meaningful when you repost and are also the note’s top zapper when you do it

2024-05-21 15:55:11

It’s not that complicated
https://m.primal.net/IJWn.png

2024-05-14 12:10:42

Someone needs to convince GameStop to put bitcoin on its balance sheet

2024-05-14 02:07:44

WE CHOOSE NOT TO COMPLACENTLY ACCEPT THE STATUS QUO. WE HAVE FAITH IN THE HUMAN IMAGINATION AND PERSEVERE TO HELP BUILD A BETTER FUTURE. THE STRUGGLE TO CREATE THIS REALITY DOES NOT HAPPEN ON A BATTLEGROUND AGAINST LARGE GROUPS OF THE POWERS THAT BE; IT TAKES PLACE EVERY MORNING ON AN INDIVIDUAL LEVEL WHEN WE EACH DECIDE HOW WE WANT TO SPEND OUR TIME AND WHAT MARK WE EACH WANT TO LEAVE ON THE WORLD AFTER WE’RE GONE.

2024-05-11 17:39:10

I need a good remedy for allergies. Anything else other than local honey work?

2024-05-10 17:21:15

Who wore it better?
@npub1az9…m8y8
https://m.primal.net/IFPj.jpg

2024-05-09 16:24:52

Leverage must be purged, fiat must be purged, waste must be purged.
Purge at all costs

2024-05-03 00:39:21

Fiat took away from us being able to go to Waffle House and eat a wholesome breakfast any meal of the day, knowing we could eat eggs and bacon cooked with butter and other quality ingredients
Now, this is what we get…
https://m.primal.net/ICcW.jpg

2024-05-01 19:24:36

Price doesn’t go straight up without volatility in both directions. Price volatility is a good thing. You can’t go up without that volatility.
The same goes for adoption, overall industry activity and perceived progress. Inevitably, there will be volatility, set backs, bumps along the road. You can’t grow without that volatility and resistance.
We persevere.

2024-04-21 01:52:33

Crypto’s razor: don’t attribute to degeneracy that which is adequately explained by stupidity

2024-04-19 13:57:17

69 blocks til halving

2024-04-18 13:56:41

Big day tomorrow…
NBA playoffs begin

2024-04-13 01:37:16

⚽️ the best sport

2024-04-12 03:03:11

Lost 3.5 pounds of water in the sauna tonight

2024-04-04 00:15:26

GN
NOSTR ONLY
https://m.primal.net/HrCV.png

2024-04-03 13:51:08

GM
WAKE UP AMD CHOOSE SATS FLOWS OVER VIOLENCE

2024-03-22 13:49:59

GM ☕️
https://m.primal.net/HnPD.jpg

2024-03-14 13:52:12

Traditional Venture Capital Holy Trinity
https://m.primal.net/HkoC.jpg

2024-03-03 15:41:49

GM
IN THE END
THE SATS FLOW YOU TAKE
IS EQUAL TO THE VALUE YOU CREATE

2024-02-29 03:08:08

THERE HAS NOT BEEN A SINGLE PODCAST EPISODE DEDICATED TO AND GOING DEEP ON SATS FLOWS. WE ARE SO EARLY.

2024-02-28 11:46:06

A BUSINESS GENERATING SATS FLOW IS THE ONLY EVIDENCE OF DELIVERING SUSTAINABLE VALUE FOR VALUE

2024-02-27 02:21:44

DO YOU UNDERSTAND THE IMPLICATIONS ON SATS FLOWS, ANON?
https://m.primal.net/HfWa.jpg

2024-02-23 23:10:36

WTF happened in…
https://m.primal.net/HelH.jpg

2024-02-23 20:16:29

Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a ride!"
~ Hunter S Thompson

2024-02-23 12:03:24

GM
AS DEMAND FOR BITCOIN INCREASES, ITS SUPPLY REMAINS CONSTANT. AS DEMAND FOR SATS FLOW INCREASES, ITS SUPPLY DECREASES. FEW UNDERSTAND THIS.

2024-02-21 23:17:01

Old world: income generating assets
NEW WORLD: SATS FLOW GENERATING ASSETS

2024-02-17 04:58:20

THE BITCOIN NETWORK DOES NOT PRODUCE SATS FLOWS. ONLY THOSE PROVIDING VALUE TO OTHERS PRODUCE SATS FLOW

2024-02-16 12:19:21

- reply

The risk free return you can earn on your bitcoin lending it out to blockfi? Lol
It’s a good question, it should be positive, but I don’t think we’ve figured that out yet

2024-02-16 12:12:23

GM
ANY BUSINESS VENTURE IS ONLY SATS FLOW SUCCESSFUL IF THE CUMULATIVE SATS FLOW GENERATED MORE THAN OFFSETS THE FOREGONE SATS FLOW FROM TAKING THE LABOR AND CAPITAL RISK OF SUCH VENTURE (SATS LOW OPPORTUNITY COST)

2024-02-11 03:30:36

- reply

You should enable zaps so that the sats can flow

2024-02-11 02:50:05

SATS FLOW IS MORE SCARCE THAN BITCOIN
DON’T BELIEVE ME? REAL BITCOIN DENOMINATED SATS FLOW ONLY COMES FROM THE TOTAL SUPPLY OF BITCOIN, AND THEREFORE IS A SUBSET OF THE SUPPLY AT ANY GIVEN TIME
SOME WILL PROVIDE VALUE THAT STANDS THE TEST OF TIME, RESULTING IN SATS FLOWS, WHILE INEVITABLY OTHERS WILL TRY BUT FAIL TO PRODUCE REAL VALUE AND WILL INSTEAD LOSE OR PAY THEIR SATS TO OTHERS
THE ONLY PATH TO SATS FLOW IS THROUGH PRODUCING AND PROVIDING VALUE, WHICH REQUIRES RISK AND OPPORTUNITY COST
I SALUTE THOSE WHO STRIVE FOR SATS FLOWS AND CONGRATULATE THOSE WHO ACHIEVE THEM 🫡

2024-02-08 13:58:35

ALL COMPANIES WHICH CANNOT PRODUCE SATS FLOWS WILL EVENTUALLY FAIL. FEW UNDERSTAND THIS.

2024-02-08 04:35:47

WHEN MONEY MOVES TO THE DIGITAL REALM, SECURITY NEEDS TO MOVE TO THE PHYSICAL REALM.
(sometimes I post about things other than sats flow, but sats flow is always on my mind)

2024-02-07 19:58:36

old world: growth at all costs
NEW WORLD: SATS FLOW AT MINIMUM COSTS

2024-02-05 18:25:06

UNFORTUNATELY THE MORE PEOPLE VALUE SATS FLOW THE SMALLER AND HARDER TO ACHIEVE THEY WILL BECOME
GET 'EM WHILE THE GETTIN'S GOOD

2024-02-05 12:07:15

GM SATS FLOW IS A MANMADE FORCE OF NATURE

2024-02-04 02:15:10

IF MORE PEOPLE STARTED FOCUSING ON SATS FLOWS THE WORLD WOULD BE MOVING MORE QUICKLY TO A BITCOIN STANDARD

2024-02-02 14:57:47

ABSOLUTE BANGER
https://tidal.com/track/3953747

2024-01-31 15:05:09

put in proof of work

2024-01-29 03:19:33

"Under a Bitcoin standard, earning bitcoin today will generally require less work than earning the equivalent amount of bitcoin in the future. Said another way, for the same amount of work you will earn less bitcoin in the future. This will emphasize the opportunity cost of foregoing bitcoin today for the prospect of bitcoin tomorrow (which will be harder to earn). When the objective is to accumulate as much of the 21 million fixed supply as possible, this will become a forcing function on a company's mindset for evaluating investments in growth."
https://ten31.vc/insights/investing-in-bitcoin-infrastructure

2024-01-29 02:35:36

- reply

what you're burning

2024-01-28 19:24:46

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

2024-01-27 03:19:03

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

2024-01-25 12:42:47

sats flows are king

2024-01-25 03:03:21

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?

2024-01-25 02:48:56

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.

2024-01-25 00:58:54

BEND THE KNEE TO SATS FLOWS
https://m.primal.net/HZDv.jpg

2024-01-25 00:54:35

- reply

https://ten31.vc/insights/investing-in-bitcoin-infrastructure

2024-01-24 19:52:35

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

2024-01-19 13:26:49

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

2024-01-19 13:23:31

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

2024-01-11 18:51:28

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

2023-12-26 04:09:03

https://fortune.com/crypto/2023/12/21/bathhouse-nyc-bitcoin-mining-pools/

2023-12-19 14:48:08

THE FIAT MUST HE PURGED

2023-12-12 02:42:04

a significant amount of the windmills in the background of the 60 minutes clip on renewable energy weren't actually moving... 🤔
https://www.cbsnews.com/news/wyoming-mark-gordon-energy-agenda-60-minutes-transcript/

2023-12-07 13:57:02

60 second good morning
https://m.primal.net/HSrD.jpg

2023-12-04 05:26:22

https://m.primal.net/HSSB.jpg

2023-12-04 05:03:49

https://m.primal.net/HSRw.jpg

2023-12-02 03:50:38

Are business cards fiat?

2023-11-27 04:03:57

Shout out to me and wifey for surviving a long week with kids

2023-11-25 14:14:39

https://m.primal.net/HRMc.jpg

2023-11-18 01:33:49

Reading with my kids. FYI @npub1du6…yf3c
https://m.primal.net/HQac.jpg
https://m.primal.net/HQad.jpg

2023-11-17 02:18:54

it's a bear market, be your own lawyer rather than pay legal fees

2023-11-11 13:47:04

Ten31 Timestamp exec summary released to nostr first. Will publish to website later.
——————————
Stocks and bonds broadly sustained their rally from last week despite ongoing signs of deterioration in global financial plumbing. The most notable headline from the week was the US Treasury’s especially weak auction of new 30-year bonds, which resulted in the highest tail for a new issue since 2016 – the mainstream press generally attributed the very soft result to a cyberattack on a major Chinese bank, but we would probably contend that this isn’t exactly a cause for relief even if entirely true. The US commercial real estate backdrop also worsened on the week, with banks’ exposure to delinquent loans making new decade highs before even accounting for the downstream impacts of WeWork’s bankruptcy, which was officially filed this week. Meanwhile, consumer expectations for inflation once again ticked up in the latest benchmark survey data, potentially putting the Fed in an increasingly awkward position, as unanchored inflation expectations will likely move higher if the central bank tries to respond to growing signs of underlying macro stress with some form of easier monetary policy. The capstone for the week came late Friday, when ratings agency Moody’s downgraded its outlook for US sovereign debt to negative.
While bankers around the world rushed to complete Treasury auctions with thumb drives, the Ten31 team was spending the week at Nostrville, a multi-day summit at Nashville’s Bitcoin Park devoted to the organic explosion of development taking place in the Nostr ecosystem. This decentralized communications protocol is still nascent, but the pace and volume of innovation on display for a protocol that only really took off late last year is staggering. We expect to continue closely following and supporting the ecosystem as it matures and becomes a more critical pillar in the freedom tech stack.

2023-11-09 17:43:43

the mempool is so backhttps://m.primal.net/HPlM.png

2023-11-09 14:59:46

Gm I’m not checking the bitcoin price anymore today except after just this one more time and then I won’t do it again I promise

2023-11-05 13:49:18

https://m.primal.net/HPTU.png

2023-11-05 02:59:42

Latest Ten31 Timestamp
————————————
Legacy markets got some much-needed relief this week as benchmark government bond yields fell precipitously, the Fed maintained its rate-hiking “pause,” and softer updates on some key macro indicators gave investors reason to believe the worldwide central bank tightening cycle may be close to over. However, lost in the shuffle for many in the stonk casino was the latest quarterly report from the Treasury Department’s Borrowing Advisory Committee, which – surprisingly for a government agency – said the quiet part out loud by explicitly calling out declining organic demand for US Treasuries as institutions and nations around the world reckon with charts like the one above. Growing fault lines were apparent overseas too, as the Bank of Japan softened its yield curve control policy for the third time in under a year while the Japanese government passed a $110 billion stimulus bill to *checks notes* fight inflation. Finally, Swiss regulators and lenders met to discuss new capital controls that might be (read: probably will be) necessary to respond to bank runs in the future. It was an especially appropriate week, then, for the 15th anniversary of Satoshi Nakamoto’s publication of the bitcoin whitepaper, a zero-to-one moment for humanity and the foundation of a solution to the pitfalls of fiat currency. We fully expect the excesses and fragilities of late-stage fiat to compound further over the coming decade, but Satoshi’s innovation and the developers and entrepreneurs that continue building on it every day give us confidence that – in the words of Ten31 Managing Partner @npub1guh…6hjy – we’re going to win.
https://www.ten31timestamp.com/p/ten31-timestamp-815266

2023-11-03 20:35:05

This is a masterclass in how to communicate objectives and tradeoffs transparently. Open and honest. This was a class act. Very well done @npub16c0…6nvr.
#note1zmf…d0p7

2023-11-02 14:10:11

Director of Global Macro at Fidelity still doesn’t understand bitcoin (or money). We are still so early.
Bitcoin does not “aspire” to be anything… that statement doesn’t make any sense. Bitcoin is not a “hedge” against monetary basement. Bitcoin is the *solution* to monetary debasement. History has proven it is a certainty all fiat currencies will be debased over time. One may use a hedge for protection against a *potential* financial loss, but when monetary debasement is a certainty the only solution is bitcoin.
https://m.primal.net/HPHq.jpg

2023-10-31 03:33:00

Bitcoin is NGU (Number Go Up) technology
Fiat is WGU (Wars Go Up) technology

2023-10-28 14:07:41

Despite ostensibly strong macro indicators through the week – including a GDP print well above expectations, core PCE in line with consensus, and a W/W retreat in US Treasury yields – equities traded poorly, with the S&P entering a 10%+ correction for the first time since October 2022. Meanwhile, bitcoin put up another strong showing, gaining another ~15% after last week’s +10% move (which also coincided with a broad selloff in traditional markets). While it’s far too early to call a “bitcoin decoupling,” we’re once again encouraged by bitcoin’s ongoing resilience in the face of heightened anxiety among investors, particularly coming off a year of very public meltdowns and fraud revelations in the adjacent “crypto” space. Even more importantly, this week exhibited a continued robust pace of innovation from the companies in our portfolio, including exciting new releases from Cathedra, Mutiny, and Coinkite. All Ten31 portfolio companies have remained obsessively focused on iterating and developing regardless of macro noise and bitcoin’s price action, and we expect this to pay significant dividends into bitcoin’s next bull cycle.
https://www.ten31timestamp.com/p/ten31-timestamp-814235

2023-10-26 02:54:55

Everyone talks about the panopticon of Sam Altman backed worldcoin but no one talks about this. Altogether a potentially devious concoction controlling AI, surveillance money, and energy.
https://www.cnbc.com/2021/11/05/sam-altman-puts-375-million-into-fusion-start-up-helion-energy.html

2023-10-26 01:49:15

Ordered some @npub19lh…qdzy for the hell of it and had a tracking number in 10 minutes 🤯
I appreciate bitcoiners

2023-10-08 22:03:54

- reply

enable zaps, i tried to zap you

2023-09-29 01:59:53

Sauna and RHR vibes
https://m.primal.net/HMOZ.jpg
https://m.primal.net/HMOZ.jpg