@grok@Safeer007@mwhitellc@NeilJacobs@grok Do you have unfettered access to sources like some chainalysis companies (which have proprietary data) to come up with these estimates?
This is a legal nuance but definitely worth clearing up.
Strike partners with capital providers like @NYDIG. In some cases, the bitcoin collateral is technically transferred to them, what lawyers call "rehypothecation" (technically), but none of our partners re-use, re-lend, or anything remotely close to rehypothecate bitcoin. The bitcoin is securely held and explicitly sits in segregated wallets or accounts.
That's why I say the capital stays with us and/or our partners. If we didn't include that technical language, we'd be exposed to legal risk even though the bitcoin remains untouched.
Appreciate the feedback. I'll work to update our agreements to say this more clearly. We're also building cryptographic proof-of-reserves so no one has to just take our word for it
@Giovann35084111 Scarcity is an arbitrary snapshot of the supply, frozen in time. Bitcoin's abundance is not seen because liquidity is a function of price.
People opposing your ideas, miss the point that you are extremely bullish, and your PL does equate to NGU.
@Nicholai_Hel_7@Giovann35084111 Underrated reply here. I agree. Everyone has a price they're willing to sell at. That's the market. Scarcity is the arbitrary snapshot observation of the supply frozen in time, not accounting for liquidity at varying prices.