We're thinking about how we politely say to the public and crypto influencers why we're Bitcoin only and why we aren't interested in even talking to them.
We're not saying diplomacy is back but it feels like it's at a time where people might appreciate the right kind of diplomacy. The right kind of diplomacy for us is how we can kindly answer this so we don't need to ever answer it again, existing customers get confidence in us and to think about Bitcoin from the right angles if they're still on the fence. We also think that, thinking of the s curve for adoption, alt guys likely represent the next wave of adoption. We had some alts to start as well. We liked Preston Pysh's pod in El Salvador on how long term leaders that prosper are leading from inspiration.
HFSP was what motivated many people like us and it was effective. If that didn't motivate people by now, they're not competitive. And so we want to test what the next message might sound like.
We envision this response going into a longer form article on twitter. It would be great to get any recommendations on improvement while keeping in mind we still have to defend how we know we need to say things so that we have a consistent voice.
Here's what we've got:
We've done our thousand hours and feel like this is the whole point where we don't see eye to eye. If anyone does even 100 hours of research on this thing, they're not interested in these conversations.
At 1,000 hours they've had these conversations many times.
A thousand hours means you've now dabbled in thermodynamics, securities law, energy, energy grids, monetary premium, inflation, Austrian economics, elliptic curve cryptography, Timechains, time travel, and yeah even how aliens might be the threat or the simulation. When you're at 1,000 hours, these are the conversations you're having with other Bitcoiners that understand how protocols and network effects work. You're rewarding each other in sats to come up with something more creative than the existing FUD to be entertained. This is not an exaggeration. These calls happen at 5 or 6AM PST with one of the most brilliant educators and communicators in Bitcoin but he lives in Australia. Regularly calls with him to understand that is part of that thousand hours.
That's what 1,000 hours feels like.
You did not do that much work yourself. If you did you'd not be interested in talking to us about crypto (yes it is different than Bitcoin) you'd have your time and money into Bitcoin. You'd understand why it's different than Bitcoin. Bitcoin is an actual discovery of matching real World energy with finite and verifiable scarcity in a digital way. We've never seen before and it solves a very big problem.
We're not against innovation. Some things sound cool as hell. Register your company with Delaware or whatever state you want and create a cap table and issue shares like every other company has to so they can't issue something that can serve as currency for free from their keyboards.
If you have to do that to stay within the law so the public has some protection of registered securities law, then you're not a money any more you're a company and we'd be evaluating your stock as a company for potential investment. We'd be evaluating your stock against Apples or others for example which we intentionally do not want or own compared to Bitcoin. And then we would not invest in that either though because you pitch deck slide will seem very silly to us. Your TAM slide is going to be a small piece of what that TAM slide will be denominated in soon enough. We need to invest our money into our cattle, people and savings technologies during a hyperinflationary time period.
If your argument is an ad hominen one because you need help with the law it is because you do in fact need help and changes in the existing laws to exist.
This is part of the sleekness of Bitcoin. It's a commodity. It's protected under 1, 2 and 4th amendment. It's a very very very brilliantly designed and architected feat of human ingenuity that thought of everything and is a species level discovery. In our opinion of course but all we did was 1,000 hours of work.
We don't mean to offend we have to move quickly on this one and be kind but educational to our customers on why we think this is the sound move. We expect to and hope to be paid in all Bitcoin one day. We align with the values of this community and are intentionally trying to appeal to them, their work ethic, their understanding of what the proof of work consensus really solved and why we have to champion this at all costs all without alienating our most sacred existing customers who are frankly the most important to continue to treat well.
There has to be conviction on this idea to work with the community here. We expect and need to win. We are best when we view everything as a competition. Right now we're competing with domestic evil, international evil, imported product from Brazil and everywhere else while costs for ranchers and farmers are putting them out of business. We can confidently say we do not compete nor want to compete with local ranchers, that's how this entire mess started in the first place. We will not have American beef if we don't cooperate. I'm sure we'd all love to be happily competing later on things because it would mean there's actually an industry here.
Competition is great though. It's helpful to give an added boost of motivation and we like to be able to win too. So we are going to treat alts as competition and publicly make it seem harder and harder each day to compete with what's inevitable. Hopefully this will be the thing that gets you to put the hours in and really understand what the proof of work consensus protocol actually is, does and solves. We're very confident you don't understand this yet. We all bought alts at one point and then realized what this thing was. We're hoping some of you are this type of person too that just needed to hear this. We don't want people to lose their money.
We don't have the luxury of waiting on public opinion we have to be incredibly fast and focused on this plan to thread this needle. We've picked the horse and we have to be publicly clear on why we picked this horse. We hope you can understand and also recognize we know the competition we just created for ourselves to compete for your business. We know how much harder it made that for us and we are grateful we have to keep getting better because of you. "
We have a low time preference in Kansas City and ten year decisions are the norm.
We can target 5% net income per year and be happy because we know our savings will be worth more purchasing power when denominated in Bitcoin.
That is our plan. If you want to beat us then your beef has to be from the US, taste better, operate with lower margins, and save in Bitcoin.
We welcome and love this type of competition.
