BULLETIN #1
Bulletin #1, April 20, 2021: To the Moon. A rocket leaves a climbing candle chart, beside one red candle that falls all the way down.
TO: Limited Partners, Prospective LPs, The Community FROM: C0mrade RE: $BONE
On May 22, 2010, a man in Florida paid 10,000 bitcoin for two pizzas. At this morning’s price those coins are worth more than half a billion dollars. The pizzas are gone. The man who took the bitcoin was, for one evening, the greatest liquidity provider in history.
This is the whole lesson. Every bitcoin was once a shitcoin. Somebody got it for nothing. Somebody bought it from them for more. Somebody bought it from them for more again. Bitcoin is not different from a shitcoin. Bitcoin is a pump that has not finished.
THE THESIS
A pump and dump is a market with the boring part taken out. Traditional finance takes forty years to move your money from you to someone else. The blockchain does it before lunch, transparently, on a public ledger, which is more than your bank will do.
- Pump. Price discovery, upward.
- Dump. Price discovery, for the community.
- Rug. An exit with a shorter runway.
Dogecoin was created in 2013 as a joke. Today it is worth tens of billions of dollars. Nobody involved has stopped laughing, except the people who sold.
THE COMMUNITY
The firm does not use the word “rube.” A rube is a liquidity provider who has not yet been told. Every cycle needs new liquidity providers, the way every reef needs new fish. The firm regards them with gratitude and, at the appropriate time, with distance.
PRECEDENT
C0mrade has seen this before. In 1994, MMM sold shares to millions of Russians and paid the early ones with the money of the later ones. It had television commercials, a beloved fictional investor named Lyonya Golubkov, and no product. It collapsed that summer. Its founder, Sergei Mavrodi, was elected to the State Duma that autumn. The investors were not.
MMM’s only mistake was that it was on paper. Paper can be burned. A smart contract is forever.
Satoshi Nakamoto is believed to have mined about a million bitcoin and has never moved one. The firm regards this as the largest unexecuted rug in history, and the most patient. We respect patience. We will not be using it.
$BONE
Baculum Capital Management is pleased to announce $BONE, an AI-powered, community-driven, deflationary reflection token on the Binance Smart Chain. $BONE is named for the bone in the firm’s name. It is the first token backed by a bone.
SUPPLY 1,000,000,000,000,000 $BONE (one quadrillion)
████████████████████ 40% Team. Locked, in spirit.
███████████████ 30% Community. Held by the team,
for the community.
██████████ 20% Liquidity. Unlocked.
████▌ 9% Marketing. Paid in $BONE.
▌ 1% The oceans.There is a 10% tax on every sale, to discourage weak hands. There is no tax on buying. Selling is not a priority of the protocol at this time. Ownership of the contract has been renounced, to the team.
ROADMAP
Q2 2021 Fair launch (team first, for fairness) Q2 2021 Listing. Influencers. Doge-adjacent memes. Q2 2021 The moon Q2 2021 Liquidity event Q3 2021 ─ Q4 2021 ─
RISK
There is no risk. There is only time preference. Those who sell early were never part of the community, and those who sell late are the community. This is not financial advice. It is a bulletin.
OUTLOOK
Number go up. Have fun staying poor. To the moon.
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