Real: MSTR, SMLR, MTPLF, FLD, XXI, NAKA Fake: SBET, DFDV, MFH, TDTH, and any other “digital asset” treasury stocks

That’s a reasonable take and worth a debate. I think plebs should be 100% long BTC until they’re rich. HNW investors should have at least 80% of their Bitcoin-related portfolio allocated to real Bitcoin. You’re not going to stop em from playing with BTCTCs.

What’s the over/under date for launch of a real Bitcoin VC or HF called Vibes Capital Management 😂

I'm working on the concept of a "Sovereignty Multiple" Had the idea last year (poll below) and took a quick pass at the definition. Going to try refining it now. One way to go would be to talk about a Sovereignty Index instead, with 100 being Bitcoin in self-custody. That way everything else is rated lower, and can be compared. I think this could be really helpful when comparing various flavors of Bitcoin price exposure. Eg Bitcoin held in full third-party custody might rate 90/100. You can withdraw it, but you have to trust someone to let you. Bitcoin in an ETF might be a 70, since you can't withdraw it, but at least it tracks the price, and there's a chance of in-kind withdrawals in the future. BTC Stocks might be a 50, since you have some price exposure to Bitcoin, but no way to access the underlying BTC. What would you rate Real Estate and Gold, and why?

Not gonna lie, that's a hot chart. Congrats to our sound money cousins, the Analog Bitcoin Bugs!

CTV + CSFS: a letter to the technical bitcoin community from 43 engineers

THE RACE TO AVOID THE WAR We Bitcoiners are in a race. Perhaps the most important race we will ever run. We are racing against time to drive the adoption of Bitcoin as fast as we can... #bitcoin