Oceans of Wisdom

the fund had fund type compliance stuff

no taxes are mostly here and there were many ways one could have gone wrong in Genslers SEC

that is what @[6529Guardian] and @[itsjpower] are here for (along with other things of course)

6529 network state is not going to go down because we did not fill out all the forms correctly and send all the money to the right place

part of being extremely serious people making extremely aggressive moves

we are extremely diligent on legal, regulatory, tax

our second biggest expense each year is taxes

and every year since

correct

1/ I went tens of millions in and said "ok, enough, need to keep some crypto on the side" 2/ will raise the rest from my buddies, then put the rest in bc they were too slow 3/ then actually put more in, borrowed to put more in, was unofficially personally guaranteeing the cash flow in here and also owed the IRS millions of dollars because guess what happens when you sell 2013 era BTC

It was something like

negative $8M

was messing with my head

to temporarily be actually short a material amount of BTC

psychologically for me

which was the most absurd few months of my life

and owed a buddy a lot of BTC

at some point, I was actually -$8M net worth in the crypto side of my personal balance sheet

is downstream from #4 and me being around a loooong time in crypto so I have a view on how a decentralized protocol has to work starting with the cultural, social, etc aspects

the things that @[0xCuttlefish] was saying about culture, attracting the right type of people

4/ fully committed to decentralizing, which is the ultimate survivability

easily an order of magnitude more efficient than the average web3 team

3/ extremely cost-efficient team for the amount of things we get done

2/ If I had not and raised money differently, I would have had to give up governance rights and would have led to all types of decisions that would be different

Without this, nothing else that I am about to say would be possible

1/ Capital structure is first and foremost and my major "sacrifice" to do this: I put a huge amount of my net worth and almost all my crypto net worth so that I could launch it with me in charge.

vs zero

no going to do lowish amounts

but everything else too

what you mention above

my friend, I am hardened veteran of crypto - every single part of our structure was designed for survivability

to do a little bit

he he he in the beginning people got mad, I think it was correct that I stayed out for a while, I think it might be safe now

almost everyone is giving up and going home

that make it

we are going to be one of a tiny number of NFT / NS type entities

and what I just started saying in dive bar

i thought of us when I saw this

so next SZN, is it ok if I start voting a bit too? :)

and where it is

where you can see what all their work is

but I really think artists would benefit from control one place

you can have mints in different places

and ideally decentralized

but your base has to be yours

and then I would make sure my profiles are right on various places raster etc

will be around for the long-term

that a collector will be comfortable

and have at least one options (the decentralized website and long registered ENS)

that is your complete set of work