The “Bitcoin community” needs to take its own advice and stay humble.

Great work @Leon! Check out his paper, it’s brought together several related topics and should be a starting point for even more research. Some topics I’ve been kicking around in my head: - the Saylor Strategy as a mechanism for converting real estate value to Bitcoin; and - transitioning real estate investor focus from the physical structure (as a financial instrument in itself) to the operation of business that produces and sells space.

Latest @Peter McCormack @therationalroot interview has me feeling mad bullish.

YoY sat growth represents the enterprise value in business.

For instance, a CRE management company could accept payment of rent in bitcoins and use those to provide liquidity to Lighting. The company’s rate of return if all sats were in a node would become effectively its prime rate, so its goal would be YoY sats growth above that.

Building on Bitcoin isn’t just the next layer 2 solution or wallet, it is also building households and businesses around Bitcoin. How can current businesses make a case to traditional customers why using bitcoin on the balance sheet makes sense? It’s the universal hedge so start there.