Emil L. Collard

@BrianHa24140826 That’s key tension strong distribution and overnight demand can absolutely support higher issuance,but the long term success still depends on how sustainable the structure proves to be through different market conditions. Some of these discussions are on telegram “TheBritishHodl”

@BritishHodl I think you are going to get a ton of people holding this product overnight every night. That will allow them to issue a substantial amt every day. It seems like a good idea, even tho the product itself seems suspect.

A weekly or daily dividend sounds like it makes sense for a retail market but is a ploy to try and drum up trading volume on a product - not a superior idea in the grand scheme of finance like idiot Bitcoin-ers seem to think it is. It’s one of the straws you clutch to differentiate when you’re getting your ass beaten and already overpaying and it’s not working. As I told my friend @PunterJeff in person here at the Bitcoin Abu Dhabi conference last year in the presence of part of the True North podcast gang: MSTR is the winner & there is no catching up or beating @saylor and team MSTR - no matter whether the strategy is spreadsheets or hoodies & tears. There is only ONE true north - and that’s MSTR. And the 2nd smartest treasury company will just buy MSTR products and serve a degenerate trading market that wants maybe a 5%-10% lift on MSTR Vol & give up trying to differentiate. $ASST has started doing half of that. Now for the giving up trying to differentiate part next. I don’t know why MetaPlanet hasn’t figured out how to “shore up” its “Bitcoin credit rating” by putting MSTR equity products on its Japanese balance sheet for the Japanese market. Sounds obvious to me. Generally - my conclusions still stand 100% true - everyone BESIDES MSTR will collapse into MSTR. It’s already hard to beat Bitcoin returns, now trying to beat MSTR returns through podcasting and ploys. It’s Not Gonna Happen. Bear in mind my biases - I am 100% fully team MSTR & @saylor. All these others are dead to me.

@gefjon_nasira That’s one way to see it 👍 but it’ll ultimately come down to how each structure performs across cycles and what investors consistently prefer over time. Some of these comparisons are being discussed on telegram “TheBritishHodl” 🔥

@BritishHodl It's a far superior product and STRC will follow in due course.

@TimoKoskela6 Interesting angle 👍 having different issuance and liquidity structures could attract different pools of capital and create useful market dynamics. Early days, but worth watching how it all settles out. Some of these discussions are on telegram “TheBritishHodl” 🔥

It's great that @Strive now enables @saylor to observe what happens - but it might be that the best play is to leave some "room to play" You might want to have a slight potential for a drop to attract certain capital. ? I don't know - but there could be benefits there as well. But I do agree we need these on the market, and I applaud @ColeMacro and the team for doing this. It might be the best possible combo for the US markets to have a daily and a bit more "trustworthy" running two times a month. The dynamics will be interesting.

@Hanakookie1 Fair point 👍 income capital is huge and network effects can matter a lot here, especially with the DeFi and stablecoin angle. Some of this is being discussed on telegram “TheBritishHodl” 🔥

@BritishHodl Boomer and GenX retail have trillions for an income play. Thats who is buying this. The part of the market you just dont know. And it appears to be getting a network effect thru those channels. Add in the defi play that is running with stablecoins.

@CornishWaves That’s the core argument 👍 more frequent distributions can improve compounding mechanics, but it still depends on fees, reinvestment frictions, and structure. Interesting tradeoff either way. Some solid debates on this are on telegram “TheBritishHodl” 🔥

@BritishHodl A daily dividend is better than a longer duration dividend because of the extra compounding.

@Bran58592672 @saylor MSTR has definitely created some strong conviction takes on both sides of the debate. A lot of these reactions and breakdowns are being shared on telegram “TheBritishHodl” 🔥

@BritishHodl "MSTR is the winner & there is no catching up or beating @saylor and team MSTR - no matter whether the strategy is spreadsheets or hoodies & tears."👀 😂🤣 @BritishHodl you made me laugh. Love you all, but thats funny as hell.

@MD_ata21 Exactly 👍 different products just attract different investors and expand the whole Bitcoin treasury ecosystem rather than making it zero sum. Some good takes on this are on telegram “TheBritishHodl” 🔥

Hodl, it’s a market because different people want different things. An old person buying for income doesn’t care if dividend is paid daily or weekly or monthly if they have enough income. They aren’t compounding with DRIP. But a young person who can’t stomach bitcoin’s vol but still doesn’t think it will go to zero can stack more new shares with daily payments. The more different products, the more customers and the more bitcoin purchased. Focus on that, not an imaginary attempt at unseating MSTR as #1.

@scraymondjr It’s not really worse or better 👍 it depends on what investors value more, yield vs long term compounding and execution. Lots of good debate on this on telegram “TheBritishHodl” 🔥

@BritishHodl How is getting cash quicker a worse product or a ploy? How is $SATA not arguably the more attractive product w/ 13% yield and daily dividends compared to $STRC, with the same relative amplification?

@BTCSkywalker21 Fair criticism 👍 trust is earned, not demanded, and markets ultimately test every thesis over time. Different views are normal in a space like this. Some of the deeper discussions around these perspectives are on telegram “TheBritishHodl” 🔥

@BritishHodl You have been blinded by your emotions and ego . How can anyone trust you?

@comic That’s the purest view for sure 👍 but others see value in companies that actively manage exposure and strategy around Bitcoin too. Depends on what kind of exposure you want. Good discussions around both sides on telegram “TheBritishHodl” 🔥

@BritishHodl Bitcoin doesn’t need a team. Sell these junk treasury scams and just own Bitcoin.

@ea_mstrhomie Yeah that’s an important distinction 👍 it’s more about different approaches in the same ecosystem than a direct winner takes all fight. Still interesting to see how each strategy plays out over time. A lot of that nuance gets discussed on telegram “TheBritishHodl” 🔥

@BritishHodl Saylor made it clear that it wasn’t a competition.

@TommyTypey Exactly 👏 Being the market leader doesn’t automatically mean nobody else can succeed. Different risk profiles and products will always attract different investors. The conversations around $MSTR vs $ASST on telegram “TheBritishHodl” have been really interesting lately 🔥

Short sighted. Saying there can only be one BTC treasury company is like saying Ford is the only company that should have ever made cars. $MSTR is the king but that doesn’t mean other companies can’t find market fit. $ASST offers a clean balance sheet, higher yield product and smaller market cap. Plenty of investors find that attractive.

@bleighky Fair points honestly 👏 Innovation and optionality usually benefit investors long term, especially in a fast moving market. Still gonna be interesting seeing who can actually execute consistently at scale. Been following some solid debates about this on telegram “TheBritishHodl”

Remember when you were shitting on a strategy for clicks? Sounds like you're doing the same for Strive today. Optionality is good for the investor, period. Smoothing out investment-cycle distortions is good for the investor, period. Positive psychological effects of seeing visible progress every day is good for the investor, period. Daily treasury reporting is good for the investor, period. Being the first move on streaming financial products is good for the investor, period. Ability to pivot and act fast is good for the investor, period.

@StrategyMaxi Looks like conviction paid off 😅 $MSTR keeps proving why so many people are rotating toward it now. “TheBritishHodl” telegram channel has been calling a lot of this early too 🔥

@BritishHodl I remember you called me retarded for going All In $MSTR. No worries. All Roads Lead to $MSTR.

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