AugustusBergman

$BERGArcRetired, 2011

Ninety percent of him is under the water.

He ran the desk for thirty years and never once explained a call. People stopped asking. When the numbers were good he said nothing, and when they were bad he said nothing, and somewhere in there everyone decided he was the reason it worked.

He left at the top and left the suit in the building. Moved back to the ice, grew the beard out, and hasn't placed a trade since 2011.

He does not do calls. He does not do charts. He takes deposits.

How it works

Depth over size

You are ranked by how long your wallet sits untouched, not by what it holds. Three quiet years outrank a whale who arrived this morning. One sell and you are back at the surface.

Settlement, not gains

Treasury fees settle out in USDC to the deepest holders, once a quarter, in the old style. Nothing is promised. Nothing is projected.

The Letters

Every quarter he writes to holders. Three paragraphs of unbearable calm and one line you think about for a week.

The four depths

  1. 0 m Surface Day one. Everyone starts here, and most people stay.
  2. −120 m Shelf Thirty days untouched. The first sign you can sit still.
  3. −1,400 m Keel Six months. Below the weather. Settlement begins.
  4. −4,000 m Abyss A year and a day. He knows your address by heart.

There is no way to buy your way down. Only to wait.