How to Build a Profitable Business in Bitcoin

Foss: Don't be fooled by what has emanated from Silicon Valley. You have to grow at all costs because there will always be more venture money if you're doing so. My advice is focus as much as you can on sustainability, on creating genuinely productive assets. No one's printing Bitcoin to bail you out. There will not be an endless wave of VC money to also bailed you out.

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Marty sits down with Allen Farrington from Axiom to discuss his perspective on capital allocation and how it is affected by Bitcoin.

Allen on Twitter: https://twitter.com/allenf32

Allen on Medium: https://allenfarrington.medium.com/

5:30 - Introducing Axiom
9:43 - Cost of capital
14:26 - Debt is not universally bad
16:59 - Capital as a tool
18:51 - The goal of capital allocation
22:13 - Affecting individual savings
26:06 - Capital flowchart and long term thinking
37:18 - Bitcoin doesn’t allow fiat games
44:47 - Bitcoin mining illustrating the point
58:09 - Impact of lightning’s instant settlement
1:06:26 - Building a long term company
1:14:46 - Temperance during the boom
1:18:46 - Liquid BTC
1:27:28 - Axiom and further upcoming writing
1:41:04 - Wrapping up

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