PaperstreetBTC

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PaperstreetBTC

PaperstreetBTC

@PaperstreetBTC

This is not financial advice. Studying BTC-focused portfolios. Beating the Bitcoin hurdle rate.

Canada Katılım Haziran 2026
139 Takip Edilen38 Takipçiler
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PaperstreetBTC
PaperstreetBTC@PaperstreetBTC·
Paperstreet’s four simple, rules-based Bitcoin portfolios: 1. Berkshire Killer — Balanced but built for growth 40% BTC | 30% TSLA | 20% STRC | 10% PLTR Rebalance STRC dividends into BTC 2. Hodlr Jam Sandwich — Set it and forget it. Keep it simple. 70% BTC | 20% MSTR | 10% STRC Rebalance STRC dividends into BTC 3. Hedge Fund Killer — Keep it simple. But ramp the leverage. 55% BTC | 35% MSTR | 10% STRC Rebalance STRC dividends 50/50 into BTC and MSTR 4. Saylor Moon Degen — Set it and forget it; passive high beta leverage 50% MSTR | 50% STRC Rebalance STRC dividends into MSTR
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Pledditor
Pledditor@Pledditor·
It's very encouraging to me that @Strategy hasn't purchased bitcoin in over a month and the bitcoin price has held steady. Suggestions that bitcoin is being propped up or has a dependency on Saylor's bid is greatly exaggerated.
Pledditor@Pledditor

I'm impressed with how well BTCUSD is holding up this weekend. The Friday close in the stock market took all of @Strategy's mechanisms to raise capital to buy bitcoin away. The market seems to be saying we can still sustain a $60k price level without Saylor's supporting bid.

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BTC Optioneer
BTC Optioneer@BTCoptioneer·
$STRC record date tomorrow. In an efficient market, the price would drop $0.50 after market open. But the market is very inefficient in this case. So, let’s see how much it actually sells off.
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Kalshi
Kalshi@Kalshi·
JUST IN: Michael Burry's substack crosses 300,000 subscribers He could potential be making $140 million.
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Phong Le
Phong Le@phongle·
Introducing the Bitcoin Bank Adoption Index. Adoption of Bitcoin and the related digital asset ecosystem across major banks and financial institutions is accelerating, but still early at 32%. Methodology and updates to follow. Institutions with questions, corrections, or additional public information: ir@strategy.com.
Phong Le tweet media
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TFTC
TFTC@TFTC21·
Adam Back on Bitcoin's quantum resistance: "There are solutions. We implemented it in liquid. Yesterday one of our researchers implemented it in the hardware wallet. It's more of a perception than a reality."
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Pedro ₿
Pedro ₿@StrategyPedro·
Thoughts on today's $MSTR price action? Do you think $3B is enough or are we going for more?
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Zynx
Zynx@ZynxBTC·
In the space of a few short weeks we went from panic about the depletion of the USD reserve to a replenishment to the tune of $3 billion. That works out to roughly 20 months of dividend coverage for $STRC and the other preferreds. This is good. Bullish on $MSTR.
Michael Saylor@saylor

Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC strategy.com/press/strategy…

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Strategy
Strategy@Strategy·
Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC strategy.com/press/strategy…
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PaperstreetBTC
PaperstreetBTC@PaperstreetBTC·
@stephanlivera Yeah Luke’s too bossy for Bitcoin. I think he’s probably contributed a lot. But he can’t be the king of Bitcoin.
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Stephan Livera
Stephan Livera@stephanlivera·
BIP-110 is mostly performative moralizing. They’re not stopping data on a permissionless chain, they’re just enforcing Luke Dashjr’s special definitions of what should be allowed, dressed up as righteousness.
ValentinoZ@vazertuche

Great site, Stephan but sadly, at this point, it won’t help because it was never about spam. It was always about CSAM. And ultimately, that was about non-contiguous data. Unholy images could always be put in the Taproot witness or anywhere else on the blockchain and no one was really losing their mind over it. At least not to this degree. It wasn’t until Core opened the OP_RETURN limit and allowed spammers the option to pay four times the price to put data in OP_RETURN and thus put it on-chain in the best possible manner, so it doesn’t bloat the UTXO set and can be pruned that suddenly everyone lost their mind. Including Pope Luke. Technical people were completely at a loss as to why they were losing their minds. You could already put images in the witness data. What makes OP_RETURN so different? Why are you losing your mind over this OP_RETURN limit? Why is opening up a path that is 4X more expensive and less harmful to the UTXO set so UNHOLY? Slowly, we uncovered the reason. It was because of CSAM and non-contiguous data. Apparently, the all-high ruler declared that an image broken up into 520-byte chunks is canonical and therefore allowed. But if you remove those push-byte opcodes and put it all on-chain continuously, then it becomes unholy because the image can be scanned directly. Sadly, when we pointed out that all this data is fully obfuscated using an XOR key such that no antivirus software could read whatever image was inscribed on-chain without first obtaining the XOR key, nobody really listened. Apparently a program can grab an XOR key and decrypt the contiguous data and that is UNHOLY -- BUT a program removing 8 bits of data every 520 bytes to re-constitute an image is cannon. Someone please...make it make sense. And the whole thing went downhill from there. Somehow, they made a golden calf out of an OP_RETURN size-limit increase, when in reality, the spammers were barely using OP_RETURN. (in so far as aggregate bytes of trash put on chain) Currently, 99% of their OP_RETURN usage falls within the 83-byte limit and will be mined within BIP-110 blocks. The irony is so thick, you literally cannot make this stuff up.

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PaperstreetBTC
PaperstreetBTC@PaperstreetBTC·
@Tylerhill We’re in a phase of bitcoin:native where retail is the fomo rather than the support.
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Tyler Hill
Tyler Hill@Tylerhill·
I’ve been in crypto for 7 years and have NEVER seen retail this uninterested.
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MartyParty
MartyParty@martypartymusic·
@cryptofergani Thats not how the market works. Bear market is when the exchange syndicate liquidates longs and sells shorts, bull market is when they sell longs and liquidate shorts. They are in complete control of the dollar price.
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Crypto Fergani
Crypto Fergani@cryptofergani·
The bear market is over. The bears lost. Bitcoin is going for ATH. And YOU sold the bottom 😂
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Adrian Morris
Adrian Morris@_Adrian·
I agree with @adam3us view on BTC | BIP-110: I don't like spam on the Blockchain, however - "...The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people..." On the property rights and motivation angle: "...You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties..."
Adrian Morris tweet media
Adam Back@adam3us

On the filter fork topic. I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110. My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly. So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow. They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money. Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago. People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation. The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper. You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that. So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money. My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money. I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus. And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately. Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.) Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow. Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

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PaperstreetBTC retweetledi
Michael Saylor
Michael Saylor@saylor·
There are 110 things more dangerous to Bitcoin than spam. BIP 110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions. That precedent is the danger. We should save our energy for threats that really matter. $BTC
Adam Back@adam3us

On the filter fork topic. I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110. My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly. So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow. They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money. Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago. People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation. The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper. You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that. So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money. My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money. I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus. And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately. Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.) Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow. Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

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Breadman
Breadman@BTCBreadMan·
Friendly reminder: Bitcoiners are not geniuses. They’re just retards who figured out how money works.
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Vinny Lingham
Vinny Lingham@VinnyLingham·
When one man controls nearly 5% of the Bitcoin, he can decide the fate of Bitcoin. I’ve been calling this out for years now but nobody cares because number go up… Let’s watch…
Michael Saylor@saylor

There are 110 things more dangerous to Bitcoin than spam. BIP 110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions. That precedent is the danger. We should save our energy for threats that really matter. $BTC

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Majorian / BIP-110
Majorian / BIP-110@MajorianBTC·
Saylor says bitcoin has no spam problem. The irony is that bitcoin has lost 50% of its market value since Core 30 went live, which is sinking Saylor's financial empire.
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