
CAPTURE An investigation across four articles into how informal power over Bitcoin Core was assembled, exercised, and defended. Article Two: The Lever citadel21.com/the-lever
Va♰oshi🪢BIP-110
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@Vatoshi
赌城不是天堂 Neon Dreams aren't Paradise

CAPTURE An investigation across four articles into how informal power over Bitcoin Core was assembled, exercised, and defended. Article Two: The Lever citadel21.com/the-lever





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?




1/8 Today, we introduce CTR, the coordination asset for the Bitcoin economy. Over the past two years, we built an end-to-end Bitcoin economy that relies on the Bitcoin Network as its source of truth. With CTR, we're handing control of this economy to the people who use it.


“老巴最值得每个人学习的是长久,投资是一辈子的事情,今天之所以大家还在讨论这位90多岁的老人是因为他在市场活下来了。”


I feel genuinely sorry for Crypto Bros Tunnel vision, waiting for coins to pump… …and meanwhile their chance for real wealth went to someone else. Pokémon cards are “just cardboard”, until they’re not. So much higher📈🤝