GRANTGILLIAM

Clankity clank clank, clankity clank, look at clanker go.

Most investors are not humble enough, to the detriment of their returns

Clank around and find out

Inflation is the fog of war

's Ten31 Timestamp, subscribe so you don't have to wait for me to repost to nostr. https://www.ten31timestamp.com/

https://x.com/playgolfcollege/status/2029558289621557662?s=42

Bitcoin is absolutely right!

Is there even a second best bitcoin and macro newsletter out there? (NO, THERE IS NO SECOND BEST). Courtesy of

THE BEST BITCOIN NEWSLETTER, COURTESY OF

Anytime your kids are harassing you nonstop, just make them freeze and tell them “hold on, compacting our conversation so we can continue chatting”, then make them wait 5 minutes

Clankers gonna clank

Build the things you’ve always wished you’d had

THE BEST BITCOIN NEWSLETTER, COURTESY OF

Less is more, now more than ever

checking the bitcoin price is not one of them

There are better things you could be doing with your time

https://www.radiofrance.fr/fip

It’s special to find someone who does their work with a genuine smile and joy

Strong endorse

Every morning is a test of whether you can still put on socks standing up

The work never ends.

You have to exercise perseverance

When everyone be ziggin it’s time to be zaggin ✌🏻

Ten31: an investment platform, not a VC fund

https://primal.net/gilliam/ten31-an-investment-platform-for-bitcoin-adoption-

Miracles happen every day

Sometimes the smallest wins can be the biggest ones, giving you an outsized emotional boost

Nah, I’m good

Let your phone die more often

There is no easy button

You can just lower your time preference

"Darkness cannot drive out darkness, only light can do that. Hate cannot drive out hate, only love can do that." Martin Luther King, Strength to Love, 1963.

You can do amazing things if you decide to

In my experience 90%+ of first class seats on flights are taken by boomers.

Treasuries will come, treasuries will go. Only those with sats flow will remain.

Started stacking’ sats, I been geeked ever since

There are only 3 ways to outperform bitcoin:

1. Leverage: adding leverage can work, but it adds risk and must be understood.
2. Multiple expansion: can’t bank on it, as it can be driven by factors outside your control (and can go the opposite direction).
3. Sats flows: least risky, most durable avenue to outperform bitcoin (and the most under your control).

Focus on sats flows.

You can just build a new bitcoin miner

Sats flow generating companies are more rare than bitcoin treasury companies

SATS FLOW REMAINS KING

Ten31 Timestamp 909,295 by

ENGAGE

ENGAGE

Ten31 Timestamp 908,247

https://primal.net/gilliam/ten31-timestamp-908247

On a bitcoin standard your batting average will be much more important than it is now. The consequences of bad decisions and bad results are diminished when holes can be filled with the money printer and losses are absorbed by the masses.

In the future, behind every capital investment decision there will be two critical questions:

1. how much sats flow do I have at my disposal to invest? [input]
2. what are the expected sats flows from such an investment? [output]

You will only have sats flow to invest by having previously provided value, and you will only generate incremental sats flows by continuing to provide value in the future.

Simply holding bitcoin is not a strategy to outperform bitcoin.

Generating sats flows is a strategy to outperform bitcoin.

Cool to see last week

Ten31 Timestamp

https://primal.net/gilliam/ten31-timestamp-906235

Sats flows provide freedom.

Control your own destiny.

Flow the sats you want to receive in the world

Have gotten so many inbounds from people who are planning or contemplating starting a bitcoin treasury company. Last cycle it was people starting mining companies. Rarely if ever get an inbound from someone explicitly targeting a sats flow strategy.

Satoshi said, "Let there be sats flows." - Genesis block 1:21

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

There is a extremely positive correlation between happiness and generating sats flows.

GM

The only evidence of creating value is generating sats flows

Sats flows are what dreams are made of

Sats flows are the only way to sustainably add bitcoin to your balance sheet. The capacity to continue capital markets transactions will eventually deplete.

Don't chase the shiny object, chase sats flows.

Sounds simple, but sustainable sats flows are difficult

An individual or company that doesn’t generate sats flows redistributes wealth over time to others who do.

You can read this week’s Ten31 timestamp by

on nostr as well

https://primal.net/gilliam/ten31-timestamp-905241

Can there be a bubble in bitcoin treasury companies? Yes.

Can there be a bubble in sats flow generating companies? No.

The best time to focus on earning sats flows is when they are less understood and less valued... which is now.

Warren Buffett would have loved sats flows if he was born after 1950

In times like these it can be tough to turn off

LLMs do not yet understand sats flows. We are so early.

Don't mistake capital markets transactions for sats flows. They are not. Only internally generating profits can constitute real sats flows.

Most bitcoin treasury companies have no idea what sats flows are.

Generating sats flows makes it marginally harder over time for everyone else to earn them. Others generating sats flows make it marginally harder for you over time to do the same.