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229 sats \ 3 replies \ @kr 3 Aug 2022 \ on: howdy! I'm Allen Farrington, AMA. bitcoin
If you had to pick one company to outperform Bitcoin over the next decade (public or private, but not your own company), which company would you pick?
I'm gonna cop out of giving a specific answer for 2 reasons: 1) everything I have any familiarity with is at an incredibly speculative stage. if they work at all, they will outperform bitcoin by orders of magnitude, but I have no idea if that's gonna happen! but also 2) it sets up an interesting point that is very heavily related to my new company and that I will speak and write about a lot in the coming months: the way you outperform bitcoin is by running a business on a bitcoin standard and generating a naturally bitcoin-denominated yield.
my professional mission for the next decade at least is to make this as easy as possible and hence make it increasingly natural for people to think in terms of bitcoin rather than dollars. bitcoin's bitcoin-denominated return is zero, so any business on a bitcoin standard with a positive return on capital will "outperform bitcoin" on a technicality. so the point I'm making is that this is a better aspiration than happening to pick something that does well and comparing both to dollars. so long as dollars are still in the mix, there is more work to be done.
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Yes! Love that this is something you’re focused on. Where can we follow this as you write more?
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it is about to become the only thing I write about - you won't miss it, don't worry :)
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