reply on: So maybe this is the business - whose in? \ stacker news ~bitcoin

13 sats \ 4 replies \ @thecommoner OP 17 Jul \ parent \ on: So maybe this is the business - whose in? bitcoin

I work for a couple of non-profits right now and understand some of the scrutiny they face.... I think building one based on Bitcoin and based in Bitcoin's ethos is a recipe for infinite success and continued growth and prosperity for all who utilize/interact with it.

Tangent --- I think a whole lot of "regulation" and "laws" are/have been put in place as an emergent behavior of the current monetary/financial system and its base layer "technology" being the good faith and whatever the fuck the people programmed in those systems want or try to believe....

Bitcoin - overwrites all those systems....rewrites - all those programs.... and replaces it with ones that simply cannot be manipulated.... so with Bitcoin as the base protocol of all those systems - the people/businesses that are programmed and operate within or upon them, and that are successful in the long term, do so by enacting emergent behaviors/rules/regulations that are the best aligned with the network.

This takes me back a little as well to my thoughts on the incentives bitcoin companies are currently utilizing to try and drive their growth....and how most companies providing incentives are doing so by providing incentives based on the old "FIAT" models and how I think that those are going to prove out to be unsustainable for the "long term." (but this would be another tangent :) and I will stop here)

Back to your comment though....and hopefully some find these thoughts helpful.... It is not a surprise to me that us (humans-supercomputers running on inputs based on a protocol that is able to be manipulated) would have started "nonprofits" that attempted to manipulate the system(s) they were working within...and my hope/belief is that the model I suggested and hope to start up is closely aligned with the network protocol it is going to operate on/in and therefor will be among the most succesful and long-lasting systems built upon and adopted by a majority of the users of said network.

But that's just my two sats.... :)

42 sats \ 3 replies \ @Bell_curve 17 Jul

Sounds like you have lot of knowledge and experience in this field

FYI: trying to establish a non-profit cannabis company? Ha, good luck with that

13 sats \ 2 replies \ @thecommoner OP 17 Jul

I am sorry - I wouldn't consider myself as having a lot knowledge in anything really....

Wasn't trying to come across in that way for sure - just got on a bit of a rant :(

I guess - I think all businesses should not be in business for the profit....they should be in business because they provide "value" to someone or some group of someone's that are willing to pay them for that value? Maybe it is splitting hairs/hares?

I guess this business model as I originally described could also be started as normal or for-profit business but when I try to build that business in my head it always gets jumbled up when I try to figure out how to reconcile the need to provide a "profit" or "return" to the investor....with operating on a deflationary monetary system that "as it grows it also grows in value" until it is the value and when that happens....and you stop increasing the rent and start decreasing the income in BTC terms... you are no longer able to provide a "return" you will simply be providing value until these items reach their "marginal cost of production" in which case your product or service needs to be providing the most value to its users or it will fail...and it needs to do that in a self-sustaining or circular way or it will fail....