Real: MSTR, SMLR, MTPLF, FLD, XXI, NAKA Fake: SBET, DFDV, MFH, TDTH, and any other “digital asset” treasury stocks

That’s a reasonable take and worth a debate. I think plebs should be 100% long BTC until they’re rich. HNW investors should have at least 80% of their Bitcoin-related portfolio allocated to real Bitcoin. You’re not going to stop em from playing with BTCTCs.

What’s the over/under date for launch of a real Bitcoin VC or HF called Vibes Capital Management 😂

I'm working on the concept of a "Sovereignty Multiple" Had the idea last year (poll below) and took a quick pass at the definition. Going to try refining it now. One way to go would be to talk about a Sovereignty Index instead, with 100 being Bitcoin in self-custody. That way everything else is rated lower, and can be compared. I think this could be really helpful when comparing various flavors of Bitcoin price exposure. Eg Bitcoin held in full third-party custody might rate 90/100. You can withdraw it, but you have to trust someone to let you. Bitcoin in an ETF might be a 70, since you can't withdraw it, but at least it tracks the price, and there's a chance of in-kind withdrawals in the future. BTC Stocks might be a 50, since you have some price exposure to Bitcoin, but no way to access the underlying BTC. What would you rate Real Estate and Gold, and why?

Not gonna lie, that's a hot chart. Congrats to our sound money cousins, the Analog Bitcoin Bugs!

CTV + CSFS: a letter to the technical bitcoin community from 43 engineers

THE RACE TO AVOID THE WAR We Bitcoiners are in a race. Perhaps the most important race we will ever run. We are racing against time to drive the adoption of Bitcoin as fast as we can... #bitcoin

Think about Arpanet launching in 1969. Now think about the Internet launching in 1983. Now the World Wide Web in 1991. At none of those times did many people imagine streaming 4k video over the Internet. Yet here we are. If you believe in human innovation, believe that Bitcoin will scale as currency for all. Narratives to the contrary fly in the face of history.