June 16 to September 16 QTD portfolio comparisons: Bitcoin only control group: (106,000 to 116,000) 33% BTC | 66% Bitwise OWNB ETF: 0.2% BTC gain 33% BTC | 66% Grok AI managed portfolio: -0.25% BTC loss 33% BTC | 40% MSTR 10% Metaplanet 10% SmarterWebCo 6% MSTR Leaps: -15% BTC loss As much as it sucks to be beat by AI, bitcoin, and by a passive ETF, this makes me happy about the OWNB etf. Passive investing has a lot of proponents, and this is an ETF of companies who have committed to a bitcoin standard in some shape or form. The OWNB weighting for Tesla is 1.8% which isn't far off of the Nasdaq weighting. Tesla is the most interesting stock to me outside of bitcoin. However, I don't want the TESLA risks of CEO, batteries, supply chains, LLM hallucinations, etc. I also don't want the public miners. what i'm trying to do is just strip out the companies from OWNB that have any risk other than accumulating bitcoin. I just want the ones that have publicly active management so I can judge their characters/actions. I want the 20% foreign exposure that the classic portfolio recommends. even tho this is kinda silly because bitcoin is already global. I can't go to public mining sites and make sure they are getting good deals on land, electricity, etc. I can watch presentations of BTCTC CEOs and have confidence for how they handle business. December 16, 2025 will tell if my bets paid off, and I will beat OWNB, AI and "just buy bitcoin".

ok so he did say something: love him or hate him, he's pretty logical "if i wanted to destroy bitcoin, i would fund intelligent, well-intentioned developers and tell them to 'make it better'" --Saylor

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Max Keiser (@maxkeiser) on X

Saylor describes how ‘woke’ ideology (the trans/incels running Core) could theoretically “destroy” Bitcoin. The U.S. needs to get into th...

"La Parure" -- the Necklace. This was my least favorite story. It's kinda like a cliff edge warning sign: "many people have passed this way before and you can save yourself some trouble." From the perspective as a young student it's a depressing, "that sucks that that happened to them, but why am i reading this," sort of deal. --- In brief: a young married woman borrows a necklace from her rich employer/friend for a party. she loses the necklace at the party, and instead of telling her friend, she goes and buys a expensive look-a-like on credit. Many years later, her rich friend asks her why she looks so old and works so hard, and the now middle age, work-worn woman tells her the whole story. the rich lady responds: "my dear, it was fake!" --- this story came to mind as i have been observing some young couples in my life. up til now, the moral for me was always: be truthful & don't borrow things you can't buy. today the meaning that came to me was: even the rich lady is wearing a fake necklace.

On the Blue Ridge parkway, i took a hike down into 1500 foot gorge. there was an old stone chimney at the bottom next to the creek. these people were living here 100-150 years ago, 2 hour hike up 1500 feet from their nearest neighbor. they may have lived much of their life in this little gorge. it made me think about how quickly things are changing. I'v boarded a plane and visited Yosemite more times than I've visited this forgotten gorge a stone's throw away. it feels like life and tech innovation only speed up. living each moment between the refresh button. it feels like all the terahashes of bitcoin miners are needed to keep time from speeding up. the 10 minute intervals are resistance to fast forwarding into a black hole of exponential progress .

so this is the first potential federal interest rate cut that I have lived through as markets-aware person. historically do the asset prices jump immediately when they announce at 2pm?

everything has a risk, not everything has a reward

a brick jostled loose in the wall of reality. if i could just put it back, we'd end up in the roller skating rink again in the 90's. the Limbo line forms down the center and some show-off skates into boy and knocks him over. so his best friend challenges the laughing perpetrator to a race around the rink. of course she looses, and the clumsy kid is just embarrassed by the whole situation, but that's what friends are for.

uhoh, now Jim Chanos is fading NVDA chips. does that mean they are next to go down.

i am interested in hearing sometime soon from the Hurdle Rate podcast folks or MSTR True North folks what their thoughts on the Knots/Core debate and how the financial world folks feel about it. It seems that Jesse Meyers of SmarterWebCo retweeted some pro Knots. I haven't heard a peep yet from the others.

"One of the byproducts of digital, dial-a-target precision warfare is that it makes bomb so precise, so accurate, that we can target individual people. In short, modern war raises an ancient issue: assassination. (119)" Floating eye-in-the-sky: "One could watch a target for hours with a Predator, and pipe the imagery to a command post, the pentagon...even top officials in the White House. They could decide when to order the operator to fire (The New Face of War, Berkowitz, 121)" assassination by zoom meeting "Today the United States can put a bomb at a precise place at a precise time almost anywhere in the world, and often with top officials watching the action as it occurs. (123)" "The term assassin comes to us from Arabic--hashshashin, or those who use hashish. Members of a tenth- to twelfth-century Islamic order were specialists in killing infidels---Crusaders---and were promised paradise if they died in action, a paradise that included...smoking dope (124)."

i am balancing my intake of SImon Dixon with Tom Luongo. i plan financially with the dixon model of the future. i keep the mood chipper by believing in the Luongo vision.