📓 Field Notes · Vol. 3
Why 80 bytes was always enough.
Bitcoin is money. The exploit is small today. The right time to close it is now.
https://t.co/lGRaF234w9 stance on BIP 110, and why a project that writes to OP_RETURN supports keeping it small.
#Bitcoin#4EVR#FieldNotes
@Saveo_pro@BitcoinSapiens You obviously don’t understand how people manage their money. A 1.75% mortgage is probably low LTV and is essentially free money if you leave it and instead invest in the preferreds (if your thesis is that they are rock solid).
@PiusSprenger@mattkratter I think you’re underestimating STRC, the financial strength of MSTR as a company, and the dynamics of the yield product. How much further do you think it could realistically go down?
STRC’s engineering is actually remarkably simple.
This isn’t surprising to me and I follow MSTR and Strive products extremely closely.
The product naturally can draw down and should be expected to on any day/week/month. However, it should always return to 100 at some point.
The tool they use for STRC is the rate. They will adjust up to whatever is necessary to get it to 100, but you have to account for how often they adjust these variables.
@BTCBeliever21@mattkratter To be fair it’s gotta be way more than 0.1% chance that MSTR gets somehow nationalized or stolen from. Let’s be honest. Im favorable to the treasury companies, but have to acknowledge this real risk (the biggest risk IMO).
@mattkratter@MajorianBTC@BTCBeliever21 The reality is that much of the money that moves into the preferreds or common comes from money that wasn’t going into Bitcoin regardless.
@turtlecute33 Noted and won’t forget.
https://t.co/lGRaF234w9 support Knots and BIP-110 because Bitcoin is first and foremost freedom money.
Read our rationale here our support of BIP-110: https://t.co/7B19Hgx6u2