Was still at work, just needed to type that out. I've looked at the agreement, and it mostly fits the framing that I've been using for a wealth based economy, getting away from the debt based economic system that is destroying us.
The way I define things: Debt based systems pull from the future to build the present. Wealth based systems build from the present to build the future.
Bitcoin aligns well with a wealth-based system due to its finite supply and decentralized nature, avoiding reliance on debt-based fiat systems. The SAFBP’s use of Bitcoin payments supports this, but the minimum payment clause and lack of operational clarity introduce debt-like risks.
Not a lawyer, just some concerns and ideas.
The clause requiring minimum monthly payments of [___] BTC, regardless of revenue, forces the company to pay even if it lacks funds, mimicking a debt obligation. This could lead to borrowing or asset liquidation, pulling from future resources.
New Clause: “The Company shall make monthly payments to the Investor equal to the Revenue Percentage of its monthly Revenue, as calculated in Section 2(b). No minimum payment is required, and payments shall not exceed available Revenue.”
The agreement doesn’t confirm that the Purchase Amount comes from the investor’s own resources, leaving room for borrowed funds that would align with a debt-based system.
New Clause: “The Investor represents and warrants that the Purchase Amount is derived from their own funds, free of any loans, liens, or encumbrances, and that no borrowed funds are used to fulfill this agreement.”
The agreement defines Revenue broadly but doesn’t clarify how the company generates it. If revenue comes from speculative activities (e.g., Bitcoin trading), it risks undermining wealth-based value creation.
New Clause: “The Company represents that at least 80% of its Revenue shall be derived from operational activities, such as product sales, services, or blockchain-related infrastructure, rather than speculative trading or investments in cryptocurrencies.”
The agreement lacks mechanisms for investors to verify revenue or payment calculations, reducing trust and control over their assets.
New Clause: “The Company shall provide quarterly reports to the Investor, including audited Revenue statements and payment calculations, verified by an independent third-party auditor. Investors may request additional documentation to substantiate Revenue figures, subject to reasonable confidentiality terms.”
Payments are calculated using the Bitcoin Price Index at month-end, exposing both parties to Bitcoin’s volatility. This could lead to unpredictable USD-equivalent returns, complicating wealth-based stability.
Revised Clause (Section 2(b)): “The Bitcoin amount of each monthly payment shall be calculated by dividing the USD value of the Revenue Percentage by the 30-day volume-weighted average Bitcoin Price Index, calculated from the 1st to the last day of the applicable month.”
The abbreviated agreement omits details on how Bitcoin payments are handled or secured, risking loss of present assets due to hacks or mismanagement.
New Clause: “All Bitcoin payments shall be sent from a multi-signature wallet requiring at least two independent keys, one held by the Company and one by a trusted third party. The Company shall maintain industry-standard security protocols for all Bitcoin transactions and custody.”
If the company holds or trades Bitcoin to make payments, it could expose investors to speculative risks, diverging from wealth-based principles.
New Clause: “The Company shall not use the Purchase Amount for speculative trading in Bitcoin or other cryptocurrencies. Any Bitcoin held for payments shall be limited to amounts necessary to fulfill obligations under this SAFBP and stored securely.”
The Term ends when the Payment Cap is reached or after [___] years, but prolonged commitments could feel like future obligations if revenue is low. Investors might feel locked in without clear exit options.
New Clause: “The Investor may terminate this SAFBP with 60 days’ notice if the Company’s average monthly Revenue falls below $[___] for six consecutive months. Upon termination, the Company shall return any unused portion of the Purchase Amount, converted to Bitcoin at the current Bitcoin Price Index.”
With these modifications, the SAFBP would:
Rely solely on revenue-based payments without minimums, eliminating debt-like obligations.
Use only unencumbered investor funds and secure operational revenue sources.
Provide transparency through audits and reports, empowering investors.
Mitigate risks via price smoothing, secure custody, and limited speculation.
Offer flexibility to exit if performance lags, focusing on present value creation.
chadlupkes / Chad Lupkes
npub1mu…wcnel
2025-04-12 02:17:10
in reply to nevent1q…hd02
Author Public Key
npub1murdy8k20svu38g9f9jt9k0rqkjzt677x3qrev88je4gw2erqk8scwcnelPublished at
2025-04-12 02:17:10Event JSON
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"content": "Was still at work, just needed to type that out. I've looked at the agreement, and it mostly fits the framing that I've been using for a wealth based economy, getting away from the debt based economic system that is destroying us.\n\nThe way I define things: Debt based systems pull from the future to build the present. Wealth based systems build from the present to build the future.\n\nBitcoin aligns well with a wealth-based system due to its finite supply and decentralized nature, avoiding reliance on debt-based fiat systems. The SAFBP’s use of Bitcoin payments supports this, but the minimum payment clause and lack of operational clarity introduce debt-like risks.\n\nNot a lawyer, just some concerns and ideas.\n\nThe clause requiring minimum monthly payments of [___] BTC, regardless of revenue, forces the company to pay even if it lacks funds, mimicking a debt obligation. This could lead to borrowing or asset liquidation, pulling from future resources.\n\nNew Clause: “The Company shall make monthly payments to the Investor equal to the Revenue Percentage of its monthly Revenue, as calculated in Section 2(b). No minimum payment is required, and payments shall not exceed available Revenue.”\n\nThe agreement doesn’t confirm that the Purchase Amount comes from the investor’s own resources, leaving room for borrowed funds that would align with a debt-based system.\n\nNew Clause: “The Investor represents and warrants that the Purchase Amount is derived from their own funds, free of any loans, liens, or encumbrances, and that no borrowed funds are used to fulfill this agreement.”\n\nThe agreement defines Revenue broadly but doesn’t clarify how the company generates it. If revenue comes from speculative activities (e.g., Bitcoin trading), it risks undermining wealth-based value creation.\n\nNew Clause: “The Company represents that at least 80% of its Revenue shall be derived from operational activities, such as product sales, services, or blockchain-related infrastructure, rather than speculative trading or investments in cryptocurrencies.”\n\nThe agreement lacks mechanisms for investors to verify revenue or payment calculations, reducing trust and control over their assets.\n\nNew Clause: “The Company shall provide quarterly reports to the Investor, including audited Revenue statements and payment calculations, verified by an independent third-party auditor. Investors may request additional documentation to substantiate Revenue figures, subject to reasonable confidentiality terms.”\n\nPayments are calculated using the Bitcoin Price Index at month-end, exposing both parties to Bitcoin’s volatility. This could lead to unpredictable USD-equivalent returns, complicating wealth-based stability.\n\nRevised Clause (Section 2(b)): “The Bitcoin amount of each monthly payment shall be calculated by dividing the USD value of the Revenue Percentage by the 30-day volume-weighted average Bitcoin Price Index, calculated from the 1st to the last day of the applicable month.”\n\nThe abbreviated agreement omits details on how Bitcoin payments are handled or secured, risking loss of present assets due to hacks or mismanagement.\n\nNew Clause: “All Bitcoin payments shall be sent from a multi-signature wallet requiring at least two independent keys, one held by the Company and one by a trusted third party. The Company shall maintain industry-standard security protocols for all Bitcoin transactions and custody.”\n\nIf the company holds or trades Bitcoin to make payments, it could expose investors to speculative risks, diverging from wealth-based principles.\n\nNew Clause: “The Company shall not use the Purchase Amount for speculative trading in Bitcoin or other cryptocurrencies. Any Bitcoin held for payments shall be limited to amounts necessary to fulfill obligations under this SAFBP and stored securely.”\n\nThe Term ends when the Payment Cap is reached or after [___] years, but prolonged commitments could feel like future obligations if revenue is low. Investors might feel locked in without clear exit options.\n\nNew Clause: “The Investor may terminate this SAFBP with 60 days’ notice if the Company’s average monthly Revenue falls below $[___] for six consecutive months. Upon termination, the Company shall return any unused portion of the Purchase Amount, converted to Bitcoin at the current Bitcoin Price Index.”\n\nWith these modifications, the SAFBP would:\n\nRely solely on revenue-based payments without minimums, eliminating debt-like obligations.\n\nUse only unencumbered investor funds and secure operational revenue sources.\n\nProvide transparency through audits and reports, empowering investors.\n\nMitigate risks via price smoothing, secure custody, and limited speculation.\n\nOffer flexibility to exit if performance lags, focusing on present value creation.\n\n",
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