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257 sats \ 5 replies \ @elvismercury 15 Apr \ on: What Would You Do With 50 Bitcoin? AskSN
I've tried to get at this a few times, too, usually wrt what Saylor could do, who seems to be really missing out on building out the broader ecosystem to do one contentious thing.
Current thinking, w a 50 btc budget, is to fund btc social - good and thoughtful writing and media on btc-related topics, and ecosystem things that allow that to be expressed and integrated into the wider economy. Imagine a series of grants and prizes to fund ten writers / podcasters to post good shit on SN, and to grow audiences and territories, and knit into the larger culture?
Concretely: create and amplify the Henrik Karlssen of btc, the Dwarkesh Patel of btc. We have enough of the usual type.
Seems like high ROI, although hard to measure. But I'm someone who believes in the inexorable power of ideas and culture, even if they're difficult to see sometimes.
Thanks. This is what I was looking for.
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A little more on rationale:
I figure we've got like ... 3-5 years before the thing either
a) takes hold robustly, or
b) sort of skulks around until the end of time or the end of humanity, whichever comes first.
The nature of the influence that can be exerted for the next 3-5 years is to build the sinews of real people who care about real stuff, where btc is attached in their minds and lives not to what the world considers to be a fringe ideology, but to them and their concerns, which are far vaster than btc.
One can pursue this by trying to transform everyone into Darthcoin, a strategy that comes with its own catalogue of issues in addition to being impossible, and whose success has (imo) already reached its asymptote; or one could stoke the furnace in a way that might set other things afire. A broad fire, not just people playing financial chicken.
And so, napkin math: 50 btc = look to fund 10 people full time for 5 years, at 1 btc a year. Hopefully that price becomes ludicrous six months from now, but that's a rough algorithm for dry powder.
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I pulled an @ek and doubled the length of this comment since I originally submitted it. :/