Jonathan

Ten31 co-founder and managing partner

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npub15cdlrrx4lfwpgagz74susd2w5vyre2ulah06rc5rlhvzthek6mxq9x8y2s

NIP-05 Address

Profile Code

nprofile1qqs2vxl33n2l5hq5w5p02cwgx482xzpu4w07mhapu2plmkp9mumddnqprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mqzrnhwden5te0de482mts9ekk27hxyua

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Author Public Key

npub15cdlrrx4lfwpgagz74susd2w5vyre2ulah06rc5rlhvzthek6mxq9x8y2s

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Last Notes

2026-02-11 05:59:17 UTC

Oil was the industrial age’s stored sunlight as buried work, compressed by time and geology, waiting to be unleashed. Compute is the digital age’s stored competence as humanity’s accumulated experience, encoded in language and images, compressed onto silicon, and ready to be leveraged. Yet, an ocean of oil did not create wealth by simply existing…
https://www.ten31.xyz/insights/coherence

2025-12-04 20:17:34 UTC

Infrastructure only became indispensable once the hard work of commercializing the opportunity was completed. Among those early networks, the story of James J. Hill and the Great Northern stands out as a blueprint for today’s bitcoin industrialization. https://www.ten31.xyz/insights/commercializing-bitcoin

2025-11-13 17:36:34 UTC

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https://www.ten31.xyz/insights/credible-finance

2025-11-13 17:35:05 UTC

Equity built the modern world because it rewarded credible reputations and punished false promises.
In bitcoin, reputation only follows credibility: it cannot precede it.
Bitcoin and @nprofile…w8ut work toward restoring that alignment.
https://blossom.primal.net/868b5fb448eb51e20a9d84ed3549a7558e93a9da9cb302a626c650197449df4f.mp4

2025-10-29 21:25:14 UTC

The internet transformed distribution but concentrated value in platforms.
AI will transform access to competence, but consolidate value in the physics that make it possible: energy, compute, and fabrication.
Bitcoin affords everyone access to capital, but concentrates credibility in those who steward it wisely and structure it well. @npub14py…zd6m
https://www.ten31.xyz/insights/digital-land-labor-capital

2025-10-28 23:10:05 UTC

To any artists out there I am interested in commissioning a work. I would like to have a physical rendition of my latest piece. https://www.ten31.xyz/insights/bitcoin-because-were-right

2025-10-21 17:50:25 UTC

Because We’re Right: The builders continue, eyes fixed on horizons not yet seen.
https://blossom.primal.net/0d4137aa12b48a128e344ca41f3e971912a2d4abff8418e45001ea01a99727c8.mov

2025-09-29 04:02:11 UTC

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Pretty cool

2025-09-21 13:14:37 UTC

Congrats to @nprofile…zurx for their high signal event: Imagine If. A lot of work in and a lot of big things came out of it.

2025-07-29 22:30:40 UTC

Do not sleep on Start9, that team is going to change will the world. POWER TO THE USER!!!

2025-07-12 16:47:30 UTC

If you aren’t reading Ten31’s Timestamp what are you even doing with your life?!?! @nprofile…728k https://www.ten31timestamp.com/p/ten31-timestamp-905241
https://blossom.primal.net/d51a7063eec57321003894b0c132f1a23a55d38ff9fe52267f6399095373d280.jpg

2025-02-02 16:54:02 UTC

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what a doomer

2025-01-31 21:51:11 UTC

Talked a lot of large allocators this week and all of them think bitcoin has near topped for this cycle. Probably a signal there somewhere something something isn’t priced in yet….

2025-01-28 23:58:33 UTC

I thought I was bullish, but turns out I am not bullish enough.

2024-11-24 02:10:53 UTC

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https://ten31.vc/insights/bitcoin-medium-for-exchange

2024-11-24 02:05:35 UTC

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Battery loans not mark to market. The loans are for a 10yr duration. Battery is discussed here: https://ten31.vc/insights/bitcoinscarcerthanyouthink

2024-07-10 12:43:47 UTC

Trying to explain what bitcoin is to someone unfamiliar with financial and computer science terms is usually pretty difficult and nearly impossible when the definitions are not clear. There are typically a lot of words like money, bearer asset, trust minimized, network, protocol, as well as many others being used to describe bitcoin. So, to say someone can get lost in translation is an understatement as it can be a frustrating experience for either party. Given that every human on the planet from almost our earliest days has participated in the exchange of goods and services, it is fair to say that there is an inherent understanding of money and why it is useful. This basic premonition follows that money facilitates the exchange when you want to buy a house, a car, or food at the grocery store to alleviate the coincidence of wants problem (i.e. having to barter). Today’s money and all the historical iterations (transition states) can therefore be thought of in a broader approach as mediums *for* exchange. Thus, it can be understood that the advent of money indicates the purpose of an environment for exchange to occur. Bitcoin is simply the end state digital transformation of money from the shared physical environment to a shared digital environment. An openly accessible digital environment without barriers to entry or seigniorage creating conditions that are better described as a medium *for* exchange. What could be brushed aside as a simple change in wording is actually a fundamental shift on how to grasp and explain what bitcoin is.
Medium
A medium is defined as the substance that transfers the energy from one substance to another substance or from one place to another, or from one surface to another.
surrounding objects, conditions, or influences; environment.
Of
expressing the relationship between a part and a whole.
For
used as a function word to indicate purpose
used as a function word to indicate an intended goal
Through this lens, Ten31 sees companies operating at today’s transition point as creating new technologies that will accrue outsized value facilitating commerce in different and innovative ways leveraging a new medium for exchange. These bitcoin technology companies are allowing their customers to interact within the environment of bitcoin in such ways as for the visualization of the environment (Mempool.Space), entrance to a global marketplace for the environment (Strike), and many others Ten31 has supported over the last five years.
https://ten31.vc/insights/bitcoin-medium-for-exchange
https://m.primal.net/JMKo.jpg

2024-06-20 05:35:40 UTC

An idea is a greater monument than a cathedral. -Inherit the Wind

2024-06-11 00:33:25 UTC

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https://m.primal.net/IgIi.jpg

2024-06-01 03:00:12 UTC

Zaps on Primal crush! Congrats @npub16c0…6nvr

2024-05-30 20:58:43 UTC

Alert!!! Top zapper on the feed is the blackhole of sats!

2024-03-10 15:14:42 UTC

Inflation is everywhere. High schoolers coming out with grade school level proficiency. https://primal.net/e/note1cvj78359df2x2mlrlwmtuz6m9qmhcp0sf0eu3f4j6mq4lrxp3c5qt3z2ts

2024-03-08 05:11:52 UTC

@npub1cn4…3vle presentation at BA was a succinct masterpiece on the deep knowledge that is bitcoin.

2024-03-05 20:53:36 UTC

https://m.primal.net/HiAq.jpg

2024-03-01 19:24:07 UTC

talking to ride or dies is a hell of a drug

2024-02-26 01:37:21 UTC

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Who has a mint? Ready to test these nutz!

2024-02-16 05:36:10 UTC

Believe to achieve. Nothing more powerful than the a human mind focused and paired with persistence.

2024-02-15 02:51:27 UTC

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Medicine only gets moving in the right direction when physicians are easily able to own the fruits of their labor. The indentured servitude of medical education costs sold and strapped on the young idealists who want to help others is the way souls are crushed and drones are formed. No one gives up their 20s to be plugged into a socialist hell hole.

2024-02-11 03:06:31 UTC

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Appreciate that!

2024-02-11 03:06:07 UTC

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Thanks, but no

2024-02-09 18:20:42 UTC

Checkout Ten31's latest insight on our contrarian perspective for investing in the bitcoin ecosystem. https://ten31.vc/insights/investing-in-bitcoin

2023-12-12 01:02:35 UTC

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https://start9.com/

2023-12-04 05:19:36 UTC

https://m.primal.net/HSRz.jpg

2023-12-03 06:06:47 UTC

Latest update of primal is 🔥

2023-11-16 04:03:57 UTC

2.187/3.125 = 70%
https://m.primal.net/HQQi.jpg

2023-11-10 23:32:09 UTC

@npub1qny…95gx @npub1guh…6hjy
https://m.primal.net/HPqU.jpg

2023-10-02 15:52:44 UTC

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Bounce Techinque

2023-09-18 13:32:01 UTC

https://open.substack.com/pub/ten31/p/ten31-timestamp-808299?r=x60wq&utm_medium=ios&utm_campaign=post

2023-09-05 03:13:59 UTC

https://open.substack.com/pub/ten31/p/ten31-timestamp-806208?r=x60wq&utm_medium=ios&utm_campaign=post

2023-07-31 17:00:18 UTC

Checkout Ten31’s latest interview with Forbes on Bitcoin and Nostr. https://www.forbes.com/sites/stevenehrlich/2023/07/31/bitcoin-focused-venture-capitalists-strategy-for-investing-in-payments-mining-memecoins-and-ai/?sh=4031d6383fb4

2023-07-20 18:47:39 UTC

Since today is the go live for FedNow you might want to checkout Ten31’s piece about the differences between Bitcoin & FedNow.
https://ten31.vc/content/settlement-networks-bitcoin-and-fednow

2023-07-17 23:29:02 UTC

https://cdn.nostr.build/i/062e81666fb4b2ce20eefbeb63293834c63dc9b48f575ab1bdc0ba31fc6774b0.jpg

2023-07-16 23:58:19 UTC

Checkout Ten31’s latest piece on how bitcoin is a cheat code for technology companies. Strike and Fold have used bitcoin for market segmentation, open network effects, instant global availability, and a passionate growing user base to accelerate their development and adoption to becoming self sustaining businesses. https://ten31.vc/content/cheatcode

2023-07-16 23:12:13 UTC

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Kurt Vonnegut was from Indiana, in case you didn’t know.

2023-05-06 00:11:40 UTC

In July of this year, the Federal Reserve will launch its long-awaited FedNow service for instant payments between depository institutions, adding a new wrinkle to the fabric of global payments. Therefore in this paper, we explore the rapidly evolving landscape of settlement networks, specifically focusing on bitcoin and FedNow, two systems often perceived in direct conflict primarily as competitors. By examining their historical context, technological underpinnings, and the importance of the underlying assets’ integrity, we argue that these entities actually cater to distinct purposes and audiences and are likely to co-exist more symbiotically than most expect. While the rise of bitcoin as the world reserve asset may ultimately challenge US settlement networks, in the intervening decades the US dollar will inevitably interact with and leverage the bitcoin network to facilitate the global economic demands of individuals and businesses that want to interact with US dollars (a co-opetition of sorts). Meanwhile, the financial utility of both systems and the innovative solutions offered by companies leveraging the bitcoin network will provide a superior user experience and potentially counterbalance any attempts by foreign governments or conglomerates to displace the US dollar with a more restrictive monetary asset (e.g. BRICS commodity backed currency or a CBDC). https://ten31.vc/content/settlement-networks-bitcoin-and-fednow

2023-04-09 02:19:12 UTC

This is addictive https://nostr.build/i/nostr.build_656cd84e0cda5bc438295fcfe1296d8c4d8de58ea8771bbcde731a3929094cde.png

2023-03-13 00:41:03 UTC

Yellen and Powell may have put stake through crypto banks, but there are a lot of banks providing services to bitcoin companies.

2023-02-13 01:45:34 UTC

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Zapped

2023-01-03 01:13:07 UTC

lightning:lnbc4200n1p3m8qrhpp5qkr2eu29kdzay8979cue5hmfz4fh4xfp6lj4gpps22v8v8sqgj7qdqqcqzpgxqyz5vqsp5td2mkjnupp384uyq5h93hravsjkh75pdza0xgucut9289mhd6nvs9qyyssqpymkvlya6fpfmpalc0l5cgnzhuyu4u6cplql0u0ph3lfj7asen49r0xfkz994qt4fymmaxys6ka7ynw48qhdn0tdexxc6e7zzs5deyqp9kdv78

2023-01-01 06:26:11 UTC

Happy New Year! 🤙