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Simon Ousager

@SimonOusager

I do blockchain stuff - Questions are genuine - Opinions are my own - Retweets are not endorsements - Jokes are not funny
Joined February 2015
1.6K Following 647 Followers 1.7K Posts

Latest posts 5

Simon Ousager @SimonOusager
Thanks to Morten from @kaupr_io for having me on to discuss #cryptobanking problems, #stablecoins, Payment Orchestration networks, #Bitcoin's #LightningNetwork, #MiCA, @januar's future strategy & Series A plans.
Danish Januar working to solve the banking problem for crypto companies
Januar, a Danish company, is addressing the "banking problem" faced by crypto companies, where traditional banks are reluctant to offer standard banking services to businesses in the cryptocurrency sector.

The article and the video interview is in English.

Founded to bridge this gap, Januar has evolved into an interesting player in the future of payments.

kaupr.io/nyheter/danish…

Kaupr has had a talk with @SimonOusager, founder of @januar, where we are covering a lot of topics: the bridge between fiat money and crypto, stablecoins, Bitcoin, and digital central bank money (CBDCs), as well as the positioning and future of Januar.
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Simon Ousager @SimonOusager
This post is brought to you by the guy who literally tried to build #Bitcoin miners for your toaster 🍞⚡️
Balaji Verified account @balajis Feb 28, 2024
Hardware is hard.

That’s why Elon is by far the greatest founder of all time.

Remember — countless startups die just while trying to put stationary beige boxes on desktops. Very smart people get crushed by supply chain disruptions, or China tariffs, or lockdowns, or shipping interruptions, or regulatory delays.

Not Elon. He didn’t just survive financial crisis and coronavirus. He managed to build physical things in America while fighting the state and the laws of nature at the same time.

Somehow he managed to simultaneously build not just a car company but a rocket company. Those don’t just have “moving parts”, they are a moving whole.

The difficulty level here is insane. Hardware is completely different from software. One recall, just one serious bug, can destroy your company. If you are charging $50 for something that costs $40, and you need to recall and replace a million units, you’re usually dead.

So just one of these companies — just Tesla, or just SpaceX — would be an incredible accomplishment for anyone. Even a very intelligent and hardworking person would have to live an incredibly boring, disciplined, focused life to possibly maintain the extremely low error rate needed to profitably ship such complex products.

Not Elon. He did SpaceX and Tesla while having N children by K women. While also cofounding OpenAI and Neuralink and Boring Company. While fighting and defeating countless journalists, politicians, haters, and short sellers. And of course while buying Twitter, posting all the time, and building a following larger than almost any politician.

The better you are, the better you understand how much better Elon is. If you’re good at math you appreciate Ramanujan’s greatness. If you’re good at basketball you respect how amazing Michael Jordan was. Elon is like that, for tech. Everyone in tech understands the sport we’re playing, and he really is the greatest of all time.
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Simon Ousager @SimonOusager
Another tweet that will age like milk 🥛
European Central Bank Verified account @ecb Feb 22, 2024
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.

The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog

ecb.europa.eu/press/blog/dat…
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Simon Ousager @SimonOusager
My next startup venture will likely be one of these two ideas.
1. Make printers and printer software that just works (seriously why has this not been solved yet)
2. A solution that lets you mine #bitcoin on your grandma
Eliezer Yudkowsky ⏹️ Verified account @ESYudkowsky Nov 3, 2023
Among the dangers of AI is that LLMs dual-trained on code and biology could enable computer viruses to jump to DNA substrate. Imagine getting a cold that compromises your immune system and makes it start mining Bitcoin
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Simon Ousager @SimonOusager
Well said
Lyn Alden Verified account @LynAldenContact Jun 7, 2023
Yes, and a person can believe two things at once.

1) Securities are pretty clearly defined by existing law. Some exchanges and token companies want an exception for themselves, tried to change the law, and ignored the law. A lot of crypto VCs/founders have also separated their monetary gains from the (lack of) success of their projects by drumming up hype and dumping their positions on retail 2 years in thanks to these exchanges (i.e. fast exit liquidity), unlike traditional VCs/founders that tie their fortunes more closely to the fundamentals of their businesses over the long run. So, there's a lot of similarity between modern day crypto operators to the boiler room operators in the 1990s. The modern day Stratton Oakmonts, basically. And people have rightfully developed negative heuristics for crypto, similarly to how they developed negative heuristics for penny stocks, after countless scams.

2) The process to register a security should be streamlined in the 21st century. Seems obvious. If people want to bet on digital penny stocks or moonshot early-stage innovations or collectibles from their favorite singer, they should absolutely have a path to do so even if it's usually not a wise financial decision. Some basic disclosures should help with that. And to the extent that people want to trade those things, there are safer environments to do it than others (e.g. audited exchanges with proper separation of funds, and separations between exchanges and securities issuers and market makers rather than all being the same entity). The SEC has thus far not really prevented people from getting hurt financially, and generally comes in afterward like a vulture, so they're not the heroes here either.
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