Hongbeom Park

Investment

Meta
2021-10-29·Hongbeom

Meta

Facebook is probably the world's most hated company. And yet, I think it's a great stock to own for the next decade. Facebook is one of the few big tech companies still founder-led and betting everything on building the future. Zuck is laser-focused

Stacks Thesis (STX)
2021-10-21·Hongbeom

Stacks Thesis (STX)

While we have BitFi on other chains like Ethereum and RUNE, it's still a tiny fraction of the Bitcoin market cap. Most Bitcoiners don't trust these platforms. A significant percentage of Bitcoin either stays unused or sits on CeFi platforms.Any

Risks of investing in Bitcoin for long-term investors
2021-08-26·Hongbeom

Risks of investing in Bitcoin for long-term investors

Bitcoiners expected a state-level attack to come in 3-5 years, but I believe the ESG is a state-level attack wrapped in the environmentalist argument.Eric Wall had a great tweetstorm explaining the gist of ESG FUD.The ESG meme will not only slow

Doubts about long-term censorship-resistance of Bitcoin
2021-08-21·Hongbeom

Doubts about long-term censorship-resistance of Bitcoin

I am increasingly skeptical that Bitcoin can remain permissionless without maximum privacy. The Bitcoin Network itself is permissionless and censorship-resistant: governments can't shut it down or censor its transactions. But Bitcoin lacks access

What differentiates Bitcoin from altcoins
2021-07-01·Hongbeom

What differentiates Bitcoin from altcoins

In this note, I lay out my reasons for holding 90% of my portfolio in Bitcoin as a non-maximalist. I will update my thesis and investment risks as more info is available. I will gladly accept corrections for anything I've written. Feel free to leave