Few words can explain how much I hate bureaucracy.

If you're a public company holding bitcoin, your xpub — or your custodian’s sub-account xpub — should be public. Audited SEC filings are fine, but they’re lagging, permissioned, and opaque. Bitcoin is real-time, permissionless, and transparent. Corporate bitcoin strategy should reflect that.

> complain about the shitcoin conference > still go because that’s where all the cool people hang out

Some fights aren’t worthy fighting for me personally. I’m highly adaptable and can use sats, BTC, bits, MIM (magic internet money) or whatever else as long as the substance remains the same.

For public companies, *confirmed* bitcoin holdings are either public on-chain figures (cryptographically signed from time to time) or the figures in their SEC filings because those have to be audited/verified for filing purposes. Everything else can be considered *unverified holdings*.

The best way for a public company to show their bitcoin holdings is to have a dedicated page. Strategy, Metaplanet, CleanSpark do it well! The second best is to include the amount of BTC in the 10-Q SEC report alongside the fiat amount. The worst is a10-Q only with the fiat value. The public has to guess!

So, I’m working on @Bitcoin Reserve mostly for myself to understand one thing: if you want to convince me, someone who has no fiat, to invest my sats into a public company, what will it look like if I naturally price everything in bitcoin? Why is one company better than another? Why does investing into one company is actually a loss in bitcoin terms while a share of another one gives me more sats than I invested? And other questions as I delve into this. Maybe I’m not the only one interested, so I’ll run it for now.

New arrival. I have no idea what to expect from this but I was looking for something “practical”.

The unrelenting gay desire to show how masculine you are.

This is literally how Sam Altman talks.

My 6-year-old son listens to Zero Signal by Fear Factory on repeat because it’s the song to which Johnny Cage fights Scorpion.

I am now convinced that the AI revolution is under-hyped. Perhaps, because most people (including me) don’t understand what’s actually happening. Things will move fast and crazy. Coupled with bitcoin’s continued rise, this timeline may be the best we could wish for.

This indoor grill is the best purchase I’ve made in a while. A solid machine! Sats well spent.

GN