Eric Gravengaard
@EGravengaard
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Dad, @AthenaBitcoin Founder, CFO, studied where all the fun went to die (MIT, UofC)
Chicago, IL
Joined March 2011
My two favourite politicians. Coming from different angles, but they both end up proving the same point.
You can LITERALLY incarcerate your way out of violence. That’s precisely why incarceration exists in the first place.
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Is he retarded?
The Bitcoin UTXO set is 11 GB now. At current growth rates it will exceed 128 GB in 2035, preventing many people from running nodes. In 2043 it will exceed 1 TB, and many larger mining operations will struggle to run nodes.
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Was watching @anduriltech's video for Ghost this morning and saw a flash of gold on this typist's hands. Which @mit alum is in this video? And can I follow you? If you don't know, that's a brass rat.
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I love how crypto keeps reinventing from first principles basic asset pricing theories.
The day of Treasury BTC mania is OVER. If you don’t have a real business at the core of your BTC strategy you won’t have a sustainable business. Seems everyone running to duplicate what @saylor did forgets he had a real business, real products, real sales, customers & cash
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Glad to see this is trending down. Also that's 2% less than the age-adjusted average. Well done Crimson!
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For treasury companies to be worthwhile investments, they must have positive cash flow and a method to compound it over time. Otherwise, they are actively managed closed-end funds.
I genuinely feel bad for people who got roped into the @nakamoto hype. The stock is now down 96% from the top and 50% alone today. I hope you treat this as an investment lesson and learn something.
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Before this week, I had never seen a bloody, violent, unsolicited murder in almost real time. This week I’ve seen two. There is something deeply evil and rotten with a society where people devalue human life at its core - Erode the feeling of safety for humans living their day
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I'm genuinely sad about what happened today. Even more sad that former friends would celebrate it. I'm a believer in the 4th turning, and it's tough watching society tear itself apart like this. I am hopeful that we'll get to a better place - for the sake of my kids.
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We’re not supposed to say this But the truth is we’re at War
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There is a housecleaning that needs to be addressed if this once great institution is to redeem itself in latter half of this century.
MIT President Sally Kornbluth Is A Magnet For Research Fraud And Medical Misconduct
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Your only problem with this list is that the first two were suggested by FBI in order to allow them to make terrorism arrests.
In the last few years we've seen: - The plot to kidnap Gretchen Whitmer - The Storming of the Capitol and pipe bombs left at the RNC and DNC - The break-in to kidnap Nancy Pelosi and the brutal on Paul Pelosi - Multiple assassination attempts against Trump - The assassination
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I read the fourth turning books. I'm again updating my priors on how likely the crisis crashes upon us. Just this week: Charlie Kirk Iryna Zarutska Banksy Mural This is not a functioning society. We cannot have both a mission to Mars and a civil war. I hope we choose the first
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At least we aren't droning our own citizens...
Killing cartel members who poison our fellow citizens is the highest and best use of our military.
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Not that anyone asked but i just want my grandchildren to live on Moon.
@LorenHodl All is vanity. "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness and high places".
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The fair value on BTC treasury companies is ~0.9x NAV (typical CEF discount levels) but you shouldn’t buy the dip until about 0.7x.
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True. If he doesn’t approve of what you do with your money, he just makes you a non-customer.
NEW: "I don't believe in Bitcoin, but you're the customer. I don't like to tell customers what they can and can't do with their money," says JP Morgan CEO Jamie Dimon.
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No one was ready for the tax implications of distributing the capital gains out to shareholders.
3) In kind promotes a more efficient market and improves the experience for fund shareholders. This has tax benefits because Grantor Trusts (and most ETFs) can have efficient creation and redemption without realizing taxable dispositions for in kind c/r.
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This has been true for years. The most mispriced asset I this market is sub 75MW FEAs.
An interesting comment from a Former $META employee. ENERGY is the biggest bottleneck right now. Even if $META wants to spend $100-$150B on CapEx for AI infrastructure, they can't. It is not just $NVDA. Transformers, power equipment, cooling equipment, and the availability of
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