pdj on Nostr: Below is a post from the founder of West Major, embodying what I imagine a ...
Below is a post from the founder of West Major, embodying what I imagine a founder’s perspective might sound like in a thriving Bitcoin circular economy. I have preferences for quality and want to contribute to this effort, but let’s all discuss what defines a Bitcoin-standard product worthy of sats. Understanding how we evaluate services and products helps us grasp the circular economy’s preferences.
As a disclaimer, I’m an investor in West Major. I don’t yet know the model for investing in Bitcoin companies within this ecosystem, but exploring it seems exciting and purposeful. And even though it seems lucrative if I can figure it out, I do not believe potential returns on investing in companies will outpace Bitcoin's returns. I just think it's an important thing to do. Bitcoin has afforded me the opportunity to pursue a lifestyle where I can take a risk like this and pick the biggest fight I can find to help Bitcoin and my own stack.
After working with the founder at West Major for two years and witnessing their quality and consistency without compromising values, I decided to invest.
I hypothesize that collectively setting quality standards in the Bitcoin circular economy allows us to quickly identify companies worth supporting. This is the secret sauce. If Bitcoiners approve and buy your products, it becomes a strong signal to prioritize the Bitcoin circular economy as a founder. I believe a standard from Bitcoiners is to hold some Bitcoin on a company's balance sheet and be receptive to accepting it as currency at some point.
I looked for funds that had this ethos in American Made physical products and didn't find any so I’ve decided to take it on.
Another reason I'm doing this is because I've seen how much money goes to Facebook, GOOGLE, YouTube, Twitter etc to run ads. It is difficult to make it in consumer packaged goods because the facebook pixel is outstanding at finding people that will just buy anything. This creates an advertising floor of spend to compete with inferior products. High quality low margin products have to spend here or not be seen at all. You almost have to play this game.
Almost.
I have a suspicion that Bitcoiners as customers will be critical of products and direct but kind with founders to maintain this bespoke quality bar for this ecosystem. I have a suspicion that great founders go out of their way to hear critical feedback so they can improve. I think this communication dynamic could only happen on NOSTR with engaged founders because they see the value. This is the flywheel that can keep great products out of the ad spend vortex that creates so many false positives on quality or product market fit for unsuspecting customers and founders.
The biggest risk to Bitcoin is the lack of a thriving circular economy in my opinion. The medium of exchange characteristic for money is one that Bitcoin is losing at right now and could lose in perpetuity without reaching a critical mass of customers and products. The biggest risk to the circular economy is founders not recognizing demand from Bitcoin customers and Bitcoiners not finding products worthy of sats.
Let's see if we are able to change the game.
And as always,
GFY
Whether there’s tariffs or complete free trade with the entire world - it doesn’t matter to me. We’re still going to continue to make western shirts in the U.S., and with as many U.S. materials as we can still get or make. And it’s not a political thing - there’s great high quality products made all over the world. We just actually enjoy the process of making things. Sewing is awesome. And the challenge of trying to still make western shirts in America (where the style was born and originally made) - it’s almost impossible today. Which is what makes it exciting and an adventure.
Published at
2025-04-07 14:21:56Event JSON
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