🚨 We're launching a new SaaS product 🚨
And here's why👇
Remember what it was like to use Universal Analytics?
- Real-time reporting was actually real-time
- Useful reports were a click away
- And conversion tracking was easy
Then in typical Google fashion, they decided to
Given everything going on in the global economy, we began accumulating
#Bitcoin
starting in March and holding it as a reserve asset on our balance sheet.
My latest article explains the full reasoning behind this decision. Feedback is welcome :)
"
#Bitcoin
is too expensive. I'm going to wait for a dip."
*Dip comes*
"Well I'm not buying now we're entering a bear market."
*Price recovers*
"Damn should have bought the dip. I'll just wait for the next one."
The
@michael_saylor
interview with
@APompliano
about MicroStrategy buying $425M worth of
#Bitcoin
was truly remarkable.
I've compiled a list of all my favourite quotes and remarks in the thread below 👇
"For the first time in history we have an electronic bearer asset and an open source monetary network, that together can achieve cash finality anywhere in the world, any time, 24/7 365, with liquidity in any currency pair you care about."
Ross Stevens, Stone Ridge CEO
#Bitcoin
It's a lot easier to stomach massive
#bitcoin
dips when:
- You hold your own keys
- You haven't taken on leverage
- You have a multi-year time horizon
- You don't mess around with shitcoins
- You've been through this before
- You believe in the underlying value prop
The
#Bitcoin
network is a beautiful thing.
Due to the recent drop in hash rate, difficulty is estimated to adjust downward by ~23%. In the meantime, fees have increased to compensate miners.
All of this is programmatic without the need for a private "cryptocurrency board."
#Bitcoin
has a tendency to lull you to sleep then wake your ass up when you least expect it.
So much stuff is happening that’s going under the radar right now. Keep playing the long game.
Agreed. I don’t own Bitcoin as a “hedge.” I own and continue to buy Bitcoin because I believe a return to sound money will create a more prosperous and fair society for all.
A good buddy of mine just had his PC accessed remotely by a hacker. The hacker was then able to access his gmail account and searched for '24 words', 'ledger' and 'bitcoin.'
He then found the exchange he uses to buy bitcoin and reset his password. But fortunately for my friend,…
We officially crossed $1M (USD) in ARR! Super grateful for our amazing team and all the customers who continue to support us 🙏. Looking forward to releasing our biggest update ever later this year!
Pretty blown away right now... After taking 4+ years to hit $1M ARR, we've already added another $500k in the past 5 months.
With a new website and brand refresh launching next week, I'm very excited for the rest of 2020!
In 2016 we decided to focus heavily on content + SEO as our core marketing channel. As you can see from the graph of our organic traffic, this channel has really paid off for us.
Here are some of my thoughts around growing traffic with SEO 👇 [Thread]
My most memorable days as a founder:
- Launch day
- $10k MRR
- Hiring our first employee
- Turning off Stripe notifications
- Relinquishing customer support
- $1M ARR
- Being interviewed on Mixergy, SFTROS and TMBA
What were yours?
Imagine listening to this interview and thinking we're going back to a gold standard 😅
Gold bugs are sleeping on Bitcoin's network effect and 2nd layer protocols enabling instant value transfer.
Thanks to
@JackMallers
and
@PrestonPysh
for this one.
I’m pretty devastated by what’s going on in my home province of Ontario and the complete disregard for rights and freedoms. It’s time to move to the U.S. permanently.
If you know a good immigration lawyer experienced with E2/EB5 investor visas please get in touch, DMs are open!
The older (and wiser) I get, the more I tend to reject mainstream ideas. Current thinking:
Bootstrapping > venture capital
Remote work > office
Bitcoin > fiat
Intermittent fasting > 6 meals a day
Butter > vegetable/seed oils
Eating meat > vegan
Sun exposure > sun avoidance
Not surprisingly I’ve been getting a lot of messages from people now interested in bitcoin asking for advice. Here’s what I recommend:
Step 1: Get off of zero! It is now irresponsible not to own any. Buy an amount you can stomach going down 30% if a pullback occurs. /1
After laying the groundwork over the past year, my wife and I went back to Canada to have our wedding, sell our house, and complete our visa process. We're now back living in Florida and life is good. Excited for the future!
"There’s something like $200T worth of debt and treasury instruments that have a negative real yield and the only debate is how negative it is. Bitcoin is the only thing I could find that is positive." /end
The bootstrapper's guide to marketing:
1. Nail down ONE repeatable marketing channel
2. Double down
3. Keep doubling down
4. Slowly layer on another channel
5. Repeat steps 2 - 4
This week alone I received 4 emails from people asking about using
#bitcoin
as a reserve asset. Two of them were founders wanting to do the same for their company and the other two were journalists who are writing a story about the use case.
Definitely seems to be catching on...
"There’s 3500 publicly traded companies and there’s $5T in their treasuries and it’s all melting. At some point you have a fiduciary obligation to not lose the money. It used to be acceptable to be conservative but that was before the asset inflation rate went from 6% to 30%" /11
"You’re not getting inflation on YouTube and Netflix streaming videos and candy bars manufactured by robots in factories. You’re getting inflation on everything you want. If you wanted anything scarce, everything you want is going up 7% and that’s asset price inflation." /2
"There’s never an example of a $100B monster digital network that was vanquished once it got to that dominant position. All you gotta do is see that chart and think about the dynamic and the network effect. [Bitcoin] has already won." /7
Just got another friend setup with
@mynodebtc
@COLDCARDwallet
and
@SpecterWallet
.
The Bitcoin class of 2020/2021 doesn’t care about fiat gains. They’re stacking sats and they ain’t selling.
You love to see it!
Mindset is something that can evolve over time.
Hitting $10k MRR gave me the confidence that we could hit $1M ARR at some point. Once we passed $1M, it gave me confidence that we could hit $5M.
However, I never would have thought $5M was possible when we just started.
"The winning formula for the past 10 or 15 years has been find a digital dominant network that has dematerialized some fundamental thing. The mobile network: Apple, the information network: Google, the social network: Facebook, the retail network: Amazon… /5
Things I'm looking forward to in 2021:
- Getting married (finally)
- Spending the winter in Florida
- Snappa hitting $2M ARR
- Bitbo hitting 1M+ page views per month
- Investing in bootstrappers through TinySeed
- Bitcoin breaking $100k
Let's go 🚀
"I dismissed commercial real estate, a market basket of equities... that stuff is just not compelling. What I want is something that might be cut in half that can go up by a factor of 10. That’s what any intelligent investor wants." /4
This is one of the best podcast episodes I’ve listened to in a while and I listen to a lot of freaking podcasts.
Well done
@saifedean
and
@michael_saylor
👏
The latest Bitcoin Standard podcast is with
@michael_saylor
!
We discuss:
@MicroStrategy
's Bitcoin for Corporations conference
The Fiat Standard
Asset classes obsoleted by BTC
His mental models for bitcoin's price
Will we see another big crash in bitcoin?
"I don’t want to hear that you’ve got a new idea and you’re upset over transaction fees and you would like to implement smart contracts so you got to change everything. I want to hear that you’re going to defend the network to the death." /9
"I look at this thing in awe. When I look at these exchanges at Saturday night 9:30pm and I’m watching the thing stream… this is the most magical hardest working security in the history of the world. It’s remarkably non-volatile in that regard." /14
50% of the main stage could have easily been replaced with the
@SwanBitcoin
dome talks. Plebs knew. They gravitated towards the signal through the noise.
"The hard forks are a big advantage. The fact that Bitcoin went through it and we saw that the community would defend Bitcoin. That’s what gives a person like me confidence to invest hundreds of millions of dollars in Bitcoin." /8
"…You buy them when they’re $100B market cap. When they’re 10x bigger than the next biggest thing and they’re $100B, they’re probably going to crush everything." /6
"I have a mega mega mega problem and the mega problem is I have a lot of cash and I’m watching it melt away… and I’m helped to realize I have a mega problem by this insane V shaped recovery in the bond market and the equity market." /3
@patrick_oshag
Most of the companies I've invested in create products that I use and love:
- Apple
- Amazon
- Cloudflare
- Costco
- DocuSign
- Google
- Lululemon
- Netflix
- Shopify
- Spotify
- Starbucks
- Square
- Slack
- Twilio
As expected, great interview with
@stephanlivera
and
@PrestonPysh
. Given the macro backdrop, we've also started converting a % of our company's free cash flows into
#Bitcoin
. I wonder how many more companies are going to start doing the same over the coming years.
Today in
#Bitcoin
1) Morgan Stanley to offer wealth management clients access to bitcoin funds.
2) VISA to enable bitcoin purchases at 70M merchants.
3) You can now send bitcoin to other $cashtags for free via Cash App.
Getting hard to keep up with all the bullish news...
I'm officially sold on South Florida and starting to look at properties down here. Don't think I'll ever spend another winter in Canada.
Short-term plan is to spend 6 months in Florida and 6 months back home in Ottawa.
Log charts are now live on !
We've also added 1 hour and 5 year intervals to the price
chart.
Finally, we've added bitcoin priced in natural gas and combined fee estimates with the mempool stats.
Enjoy the update :)
"I think in the next 10 years you have people coming in that are moving hundreds of millions of dollars in and out of the market they’re going to tend to dampen all the volatility. If there is any it’s just going to be to the upside." /15
As our core SaaS business continues to grow and our team takes more work off our plate,
@TheRealestMarc
and I have spent a lot of time thinking about the future.
And with that, I'm very excited to announce a new project.
Introducing:
[Thread] 👇
"I’m holding it for 100 friggen’ years. I’m not the day trader guy that’s worried about it. I think that as the institutions come in and they buy bigger amounts, they’re damping the volatility." /13
FYI we started a dedicated Twitter account for Bitbo.
You can follow us
@BitboBTC
and ping us with any questions/feedback or tag us in your posts.
Thanks for the support 🙏
"We buy $175M I’m in the market every minute of the day for multiple days in a row. I’m damping the volatility. Every trading day that I’m in the market I’m damping it to the upside and the downside and I’m damping it with large sums of money." /12
Now that $TSLA has bought
#bitcoin
, the cat is officially out of the bag.
If you have excess cash on your balance sheet that you don't need in the short to medium term, you may want to buy some too.
I explain why in an article I wrote back in August👇
Something I’ve noticed...
Many people who are already very successful don’t seem to have the incentive nor the desire to properly understand bitcoin.
We’re still very early.
The logic on Bitcoin appears to be:
1. It’s scarce 🔭
2. It could go up or down in value 📉
3. Accordingly, buy 1% of your net worth in it 💸
4. It’s an agreed upon store of value 👯♂️
Should we all put 1% into coal or any finite commodity? 🏭
Bitbo's traffic has been growing steadily since launch and we've done it by focusing on Bitcoin only.
Huge thanks to all the plebs for the support 🙏
Big updates coming soon 🚀
A few thoughts from this great debate:
1) Am I crazy to think that the U.S. could actually embrace
#Bitcoin
as a free market technology in the same way that it embraced and benefited from the internet?
2) Is it really unpatriotic to want to protect your savings from inflation?
HODLing
#bitcoin
is much easier when:
- You have incoming cash flow
- You have a multi-year time horizon
- You understand what you own
- Your position size is appropriate