Saylor is promoting Ethereum.
Saylor is promoting the Runes protocol on the Bitcoin network.
Saylor is promoting issuance of stablecoins on the Bitcoin network.
Saylor is promoting issuance of staking tokens on the Bitcoin network.
Saylor is promoting the use of the Bitcoin network to support tokenized synthetic bitcoin tokens on L2s.
Saylor is telling folks to exchange their BTC for stablecoins, in part so they can earn yield on those stablecoins. That yield is provided by STRC, which is purchased by entities within the stablecoin ecosystem described above.
Saylor/Strategy then takes the proceeds from those entities buying STRC and buys a boatload of BTC themselves.
Saylor use to tell folks to buy and hold BTC, there is no second best.
Saylor now tells folks to buy a security or a stablecoin instead.
Here's what's involved in the stablecoin money flow. Two different stablecoins, one riding on Ethereum, one riding on Bitcoin. Two different staking tokens, one on Ethereum, one on Bitcoin. One synthetic bitcoin token riding on an L2, which uses the Bitcoin network. One security, and last, but not least, some actual bitcoin. What could possibly go wrong?
Here's the kicker, in that whole process, the only entity not buying and holding BTC is the individual customer.
It's an unbelievably complex thing. I'm almost hesitant to even post this out of fear I'm going to look like an ass because there's no way this monstrosity could exist, and I'm just making shit up. Who knows maybe I've misunderstood it all, but I don't think so.
Taproot and OP_RETURN are the two key aspects of the Bitcoin protocol enabling the Bitcoin network to be used for all this non-bitcoin stuff.
All except Strategy are VC-backed.
Here are all the entities, protocols, outputs and tokens involved for the privilege of exchanging your BTC for a yield bearing stablecoin:
Hermetica (USDh, sUSDh) enabled by Runes/OP_RETURN on Bitcoin. Saturn (USDat, sUSDat) on Ethereum. Stacks (sBTC) on bitcoin L2, enabled by Taproot on Bitcoin. Strategy (STRC, MSTR) - securities.. Oh and some BTC, mostly flowing away from the individual into STRC.
Unbelievable. No way this will turn into another FTX, BlockFi, Celsius, Voyager, Three Arrows Capital, etc.. No way. This time is different.
How do you sleep at night Saylor?
Across 5000+ founder meetings, the single rarest success trait we saw was pathological determination (<1% of founders). Having a good work ethic is not enough; these individuals possess a borderline-delusional ability to run through any wall they meet, and don’t have an off switch. It’s not easy to see and most investors don’t ask the right questions in founder meetings to uncover it.
We have 10-15 proxy signals that we use to turn determination into a data point. Across hundreds of founders, we looked for a desperate desire to prove someone/something wrong, multiple previous failed businesses, early-life adversity and irrational optimism when most others would quit.
Our early findings showed that founders with a high determination index were significantly more likely to build bigger companies, even if it took them longer on average. Determination wasn’t correlated with confidence or charisma. The most determined founders were more introverted and did not light up rooms.
Most investors overvalue raw talent and ignore the sheer power of persistence. Brilliance is fragile. Obsession is anti-fragile. When vetting a startup, back the team that refuses to stay dead.
BITCOIN ORDINALS: HOW TO STOP DRAGGING OUR BAGS THROUGH MUD AND LAUNCH THEM TO VALHALLA
Liquidity matters, and right now, the Ordinals community is failing at keeping liquidity flowing. As we saw in 2023-24, Ordinals can pump while the rest of crypto goes down; it doesn't have to be this way.
Let’s discuss the actual problems hurting Ordinals’ growth. No drama, just solutions.
1. Problem: Open Mints Burning BTC🔥
Yes, miners need love (and fees), but when projects turn BTC into a gas-guzzling contest, everyone loses. Miners invest in making Bitcoin more secure, not in buying your JPEGs. Balance = bigger bags. It's simple math.
2. Problem: Projects Hoarding Cash💵
Newsflash: When teams raise millions with zero expectation of reinvesting, that liquidity disappears. We need projects not just to reinvest, but also DELIVER—ship products to mainnet, throw killer events, create educational initiatives to onboard new people, etc. If they’re not feeding the ecosystem, they’re starving your portfolio.
3. SOLUTION: BE A HERO, NOT A HYPEMAN
Stop screaming into the void. New narratives, attracting attention, etc. is a lost cause. Crypto liquidity is down everywhere. Support the LONG TERM builders who actually ship things (mainnet, not memes). Demand accountability. No reinvestment? No community support.
TL;DR:
1. Ordinals mooned in a bear market once. Let’s do it again.
2. Stop letting projects raise without reinvesting.
3. Liquidity stays in the ecosystem = bags go up.
The crypto market’s down? Cool. Ordinals don't need permission to moon. Fix the leaky bucket, refuel the rocket, and let's send these bags to Valhalla.
Introducing ◉RD Partner Collections 🤝
One of the fundamental issues in the Ordinals space has been that creators were never treated as equal partners by the major marketplaces.
Incentives never truly aligned.
◉RD attempts to change that.
We share 1% (min. 1000 SATS) from our 2.5% fees on every sale with our partners.
There are no additional fees for partnered collections.
Buyer and seller fees always stay the same, whether the sale is from a partnered collection or not.
While this may not be a meaningful amount today, it is about aligning ecosystem incentives for the long run.
If you are interested in becoming a partnered collection, please find details 👇
This was all streamed from Bitcoin using Ordinals. The 3D world supports real-time multiplayer interactions, and decentralized land ownership. All this is on-chain on Bitcoin, and as immutable and secure as Bitcoin itself.
The weather in the world reacts to Bitcoin fees, clouds are linked to transaction volume, and time in the world is determined by block height. Makes sense for a Bitcoin world.
Real-time multiplayer interactions is one of the newest features. This is particularly difficult to do because Bitcoin block times are ~10 minutes. Bitcoin has been around for 17 years, and we're now seeing fascinating new things being built on top of it.
Today in RPG history...
Capcom released Breath of Fire IV for PS1 in JP on Apr 27, 2000. For many, this was the last great BoF but the legacy of this series won't be forgotten. Stylistically confident, animated and full of personality, mint OST, and we gotta mention the fishing!
According to Will Price, PGP Corp co-founder and Hal Finney's colleague, in late 2008 Hal was working on Windows fingerprint technology (C++ on Windows) as a remote employee. He sent weekly updates confirming this while also maintaining RPOW work. PGP software was cross-platform overall, but this specific project targeted Windows. No records detail his personal dev machine at the exact time, though Hal was a longtime Mac user personally.
I don't think @lensassaman was Satoshi. He didn't know C++, nor ever used Windows per his wife & he strongly criticized Bitcoin's lack of privacy.
But this is wild: the whitepaper cites an obscure, at that time print-only, paper… and he shared a photo of his office in Belgium in 2007:
Hal Finney was a longtime Mac user. In a 2010 tweet, he referenced troubleshooting issues on both his and his wife's Macs (including PGP workarounds he documented for Mac). This aligns with 2009, when he worked at PGP Corp.
Bitcoin v0.1 (released Jan 2009) was Windows-only. Hal ran it immediately after Satoshi and likely used Wine (or a VM) on his Mac, as early Mac/Linux users did. He was the first non-Satoshi node operator.
No public records specify his exact PGP workstation OS, but all evidence points to Mac.
@DBillionaer@coinjoined@Vladcostea@lensassaman@grok when Hal Finney was working at PGP Corporation in 2009 (the months before Bitcoin whitepaper was released) what Operating System did he use for work?
In addition, what computer Operating System did he use to run the Bitcoin in January 2009 when he was the first person
@TO@coinjoined@Vladcostea@lensassaman That's dumb as well.
Hal was a Mac only user.
Satoshi was a windows user.
This theory is seriously one of the dumber ones