Lead with Love

Humorist extrodinaire.

[Lead with Love @ChSchollmeyer]

@mountnebopizza Awesome pizza

[Jeff Clark @JeffClarkUS]

.@nataliegwinters continues hitting it out of the park.

[Phong Le @phongle]

"Strategy is the JPMorgan of the crypto economy." I join @KellyCNBC and @TheDomino on @CNBC today to discuss $MSTR and $BTC.

00:53 - Bitcoin’s bear cycle, macro headwinds, and how Strategy is navigating volatility through active capital management
02:05 - Legislative clarity as the catalyst for tokenization, stablecoins, bank adoption, and Bitcoin’s role as an inflation hedge
02:45 - Why Strategy is not a forced seller of $BTC, and why Bitcoin Per Share matters more than average cost
03:43 - Net Bitcoin accumulation: ~170,000 BTC added this year and 35x more bitcoin bought than sold
04:02 - Why Strategy sells bitcoin: funding dividends, buying back $STRC below par, and increasing Bitcoin Per Share
05:01 - Strategy’s Bitcoin scale: 842,138 BTC, over 4% of total supply, and the largest institutional Bitcoin position
05:36 - Balance sheet flexibility: $4B of USD reserves and multiple ways to fund dividend obligations
06:00 - The Clarity Act, executive rulemaking, and why regulatory decisions matter for the broader digital asset industry

[Western Lensman @WesternLensman]

Dana Bash freaks out over RFK Jr telling her that she was part of the problem with the media coverage of Covid.

"No, I wasn't."

Fauci noted in a diary entry that Bash was texting him quotes bashing Republicans.

[Clay Garrett @clay_garrett]

👋I'm knowledgeable. Full disclosure, I lead the team that builds Bitkey. Gonna share some thoughts to help you make a decision and aim to be totally honest and transparent here. Hope you're OK with a long post so I can just share my full thoughts. This isn't canned, this is me just sharing my thoughts live.

What's great?

The 2-of-3 multi-sig setup is a superpower for a number of reasons. It helps protect against the type of things that happened in this incident. Our entropy is solid, but if it weren't on one of the keys, that's not alone enough to threaten your bitcoin. We generate entropy in 3 different environments (the phone, the hardware, and the server). This helps diversify, where a bug in one wouldn't be present in the others.

On top of this, 2-of-3 gives you flexibility where you can spend funds without Bitkey being involved. Even if @blocks disappeared (we have the Emergency Exit Kit for that). Block can be involved when you lose a key and need to recover.

You can also turn on a feature that lets you set a daily limit you'd like to spend on the go. With this on, our server will co-sign with your app key up to that limit daily, so you don't have to take your hardware if you'd like to spend while you travel or are out and about.

Our recovery system is unmatched. Lose your phone? Tap your wallet on your new phone and you're back in. Lose your Bitkey? Tap your new hardware, wait 7 days while we make sure nobody contests your recovery request, and you're in. Lose your phone and your Bitkey? If you've spent the 2 mins it takes to set up a recovery contact, they can help decrypt your app key from your cloud, without ever having access to it.

The 2 of 3 also allow us to provide an inheritance feature that is extremely easy to set up. It requires that your beneficiary have a Bitkey, but we give you a discount when you set it up and within minutes, your loved ones are protected.

We have a design without a seed phrase, which just means we take care of storing the seed for you in a redundant, resilient way. Because of this, onboarding is dead simple and takes less than 5 minutes and is easy enough for anyone of any age / experience level.

We're the only collaborative custody service that can't see any of your activity except one's we're involved in signing. This is because we invented Chaincode Delegation (https://t.co/jVGOV9GGeA).

We're fully FOSS. Our code is online and editable.

Where can we get better?

We need more utility features and we've already planned many of them. We've got support for transaction notes on the way, which is our first step towards ultimately supporting UTXO labeling and coin control. We're talking about how we can use this to support features like account separation.

We don't yet support lightning. Do we want to? Yes. Is it hard to do native lightning for mobile self custody? Yes. But there are lots of really interesting newish options that some type of lightning support much more straightforward and we will talk to the community about the right shape/tradeoffs for this when we make it past some of the other stuff I mentioned.

The lack of seed phrases is a tradeoff. We think it's the right one for most who self custody now and will in the future, but certainly not for all. If portability of your keys to other wallets is a crucial feature for you, Bitkey isn't right wallet. And that's OK. If portability of your funds is most important, then luckily we have Bitcoin transactions which allow you to move your funds from Bitkey to any other wallet.

So many of the things that make Bitkey great are because of the seedless decision. It reduces phishing capability, takes the burden of securing cryptographic materials off of customers, and in our opinion, greatly reduces the stress of self custody.

I'm not trying to do a sales pitch, so pardon if any of it sounds that way! There are other great products and services on the market as well. I do want people who have questions about our product to get the answers they're looking for. I'm really sorry you've gone through the roller coaster you've been on.

[Lead with Love @ChSchollmeyer]

@saylor Fuck yeah!!

[Michael Saylor @saylor]

Strategy announces Q2 2026 results:
- Increased $BTC Holdings by 11%
- Reduced Convertible Debt by 18%
- Increased USD Reserve by 12%
- Increased BPS by 5%
https://t.co/2hQp4Rvhji

[Lead with Love @ChSchollmeyer]

@saylor You’re the man!

[Lead with Love @ChSchollmeyer]

@jameslavish What are they gonna do?

[Cynthia Lummis 🦬 @CynthiaMLummis]

It’s time.

[The Assembly @InTheAssembly]

This is not good.

Do you remember what happened last time?

[Glenn Greenwald @ggreenwald]

One of the main guilty acts of Fauci is not the claim that he got the COVID origin wrong at first. It's that he and his Lancet crew fabricated a certainty about COVID's origins they plainly did not possess -- due to entirely self-interested reasons (namely, their careers and reputations would be endangered if COVID had been caused by gain-of-function and other Wuhan research they funded and participated it).

They then weaponized that fake, deceitful certainty to label anyone who suggested a lab leak as a racist (which never made sense, since the "wet market" theory was always the more racist one), and then also used that non-existent certainty to bully and coerce media outlets and Big Tech to aggressively censor anyone questioning or dissenting from their proclamation.

The complete shutdown of debate, discussion and dissent over some of the this century's most consequential policies was one of the main crimes. That they did this not out of good faith error but crass self-advancement and self-protection made it all the worse.

[Lead with Love @ChSchollmeyer]

@piersmorgan

[Lead with Love @ChSchollmeyer]

@piersmorgan

[Lead with Love @ChSchollmeyer]

@PiersUncensored @piersmorgan @benshapiro

[Lead with Love @ChSchollmeyer]

@PiersUncensored

[Natalie Winters @nataliegwinters]

EXCLUSIVE: Anthony Fauci quietly joined a stealth mRNA vaccine startup in 2023.

Then the Biden administration awarded it more than $28 million to develop vaccines for viruses with pandemic potential.

Now Eli Lilly is buying it for up to $1.55 billion.