Satoshi Streets Base.eth

Mid 30’s is the most difficult time of our life.  We are worried about the admission of our kids.  We are most busy in our careers at this stage. We know that our parents are getting old and they won’t be with us for long, yet, we hardly find time to spend with them.

Response to MSCI Index Matter Strategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital. This year alone, we’ve completed five public offerings of digital credit securities— $STRK, $STRF, $STRD, $STRC, and $STRE —representing over $7.7 billion in notional value. We also launched Stretch ($STRC), a revolutionary Bitcoin-backed treasury credit instrument that provides variable monthly USD yield to institutional and retail investors. Funds and trusts passively hold assets. Holding companies sit on investments. We create, structure, issue, and operate. Our team is building a new kind of enterprise—a Bitcoin-backed structured finance company with the ability to innovate in both capital markets and software. No passive vehicle or holding company could do what we’re doing. Index classification doesn't define us. Our strategy is long-term, our conviction in Bitcoin is unwavering, and our mission remains unchanged: to build the world’s first digital monetary institution on a foundation of sound money and financial innovation.

🚨 BIG: MSCI is weighing a rule that could exclude companies with balance sheets holding over 50% in digital assets from its major indices.

The purpose of the MON token sale is to achieve the broadest distribution. We chose Coinbase (and their allocation algorithm, which is democratic and transparent) because of their unique ability to reach an audience that we think is important to engage and re-activate. The world is a big place and it's so important to break out of the bubble. The allocation algorithm is transparent about what it incentivizes. - There isn't a prorata component, which would have inflated total bid size but put more tokens in the hands of whales. - There isn't a time priority component, which would have incentivized early commitments but created unfair outcomes from users slamming the servers with bots to be first. - The algorithm is highly transparent, where a less-transparent algorithm or team discretion might have caused bidders to bid earlier or larger in the hopes of a larger allocation. Token sales are a major trend this year, and with many sales, there is a sense in which the sale terms are constructed to make the outcome sound as impressive as possible - "XX oversubscribed" and so on. It reminds me of years back, when I was raising from VCs and people would advise me to gather as much VC interest as possible in order to pitch to other VCs that "this round is 10x oversubscribed" to get them to FOMO in. I was never interested in doing that though. To me that always seemed a little cheesy, and like a short-term optimization. Smart people see through the gamesmanship anyway. Better to be transparent and to focus on the stakeholders who will be most beneficial to the project's growth. In the MON token sale on Coinbase, users get 5 1/2 days to decide whether to commit, and once they commit, they're locked in. (That actually incentivizes people to wait until the last minute to evaluate, which is an interesting dynamic that might be revisited for future sales.) For someone on Crypto Twitter, that optionality might be a big deal. For someone not in our bubble, maybe not so much. We'll see how this plays out, but I am grateful for the opportunity to try something different, and to expand the set of stakeholders beyond our bubble

I have a solution for India's inflated IPO problem. Introduce "Shark Shorts" What's a Shark Shorts? Story-time- Micheal Burry shorted PLTR and NVIDIA. If there is a way to short stocks like Lenskart and friends, people can bet on that. The way to short a stock is generally to buy a long-dated Put option. The way this works is: you place a bet saying that if Lenskart falls by , I get to sell the stock to the option seller at a predetermined price of In order to "buy" this option, I pay the seller of such an option some money-- let's say 30Rs/stock. And, buy a certain quantity of this option. This is exactly what Micheal Burry did with Palantir & NVIDIA. If the stock price falls, the option buyer benefits. Back to India IPOs:- Just hoping that some structured product comes up in India, let's call it "Shark Shorts" -- that allows shorting of such stocks (I think that is a very fair ask). I would personally put 1Mn$ onto shorting Lenskart and friends. Why? because Indian IPO bubble is the easiest short in the history of shorts.