Planck Constant 🇫🇮 🇸🇪 🇵🇱

Retired engineer, Scientist, Driver, Cyclist, SCUBA Diver. Velocity & Cosmos junkie. Full throttle. Jazz & dog lover. Bitcoin is freedom protocol. E=hf. 1/137

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

I stood at the grave site of Guglielmo Marconi the other day and realized something.

In 1894 Marconi invented the first transmitter and receiver that utilized “Hertzian radiation” to transmit information at the speed of light. No one will ever surpass this. It is the information speed limit of our Universe and our reality. If we want control the message, then we can code and decode the contents, but we cannot increase the speed of its propagation.

“There can only ever be 21 million. No more, no less.”
-Marconi on Bitcoin.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@danywander To whom?

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

Adam, I genuinely appreciate your posts. I like the serious ones, the facetious ones, and the jokes too. I believe this is what caused most of the angst, at least it did for me, “I have made posts about how economically stupid it is to buy STRC”. Now, you do clarify that it’s just your opinion, so I moved on. But if you’re looking for feedback, keep reading, otherwise give yourself a minute back…

In my opinion it is not “stupid”, it is necessary.

I’ve made my retirement on the Bitcoin thesis; but my entire portfolio came with counterparty risk over the last 9 years. The only way to avoid it is to give away half of my assets to the government up front and then stick into BTC directly; so “no, thank you.”

I still own very little Bitcoin directly, but I did what most curious Bitcoiners do, find alternative methods to use a superior asset to your advantage.

Now I own STRC, SATA, ASST, MSTR… why? For the exact reason why you say you don’t need to. You don’t want income, and I do. At some point your journey will fork, and you’ll want some income and some hedged upside.

Telling my parents to take their retirement stack, cash it out, and stick it into a self-custody Bitcoin account would not just be irresponsible, that would really be stupid. We’re all on a different stage of our journeys.

We all live different lives, and this was just a quick lesson on the power of this platform.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@DerPhysiker21 @the_mockingbard @fermatslibrary Oh what fun. “Our current units of measuring distance don’t matter in this case”, would be a better way to phrase it. If we’re being pedantic and all.😜

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@Z06Z07 I was half expecting to hear “Hot for Teacher”, but that’ll do. 😆

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@fermatslibrary Just teasing folks… yes, I realize that even in Planck Lengths the distance is huge. Having a bit of fun with the fact that leaving the units of a number makes the distance argument a bit problematic.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@fermatslibrary There are several units available for distance measurements. That number in Planck Lengths is actually not that far. 😜

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@ATRightMovies

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@Z06Z07 @Strategy Not a “stretch”. I see what you did there.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

I need a metal print of this up on my wall. 😲🤩

[Jason Major @JPMajor]

A view of Saturn's rings captured by Cassini 16 years ago on May 30, 2010 🪐

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

Shhhh…. that’s the alpha.😁

[Miller Cole @medc3005]

Since $BTC hit a local high on May 11 at $82,361:

$BTC has corrected around 12%
$ASST has only fallen 5% as of the timing of this post. $MSTR is down 25%

This is interesting because as a Bitcoin proxy, we would expect $ASST to obviously amplify Bitcoin on red days like $MSTR has been doing.

Why is this not the case? Here's some thoughts:

-> Proceeds from $SATA issuance are deployed into Bitcoin, typically within hours, per management's stated practice.
-> When Bitcoin falls, each dollar buys more Bitcoin.
-> BTC per share improves faster at lower prices.

The market is not pricing spot NAV. It is pricing forward Bitcoin Yield acceleration. See @RoaringRagnar spreasheet.

Three conditions make this work that $MSTR cannot replicate cleanly right now:
1. Zero debt. No convertible note delta hedging creating structural short pressure on the common equity during drawdowns.
2. Perpetual preferred capital. No maturity wall. No refinancing anxiety at the worst possible moment.
3. Daily dividend structure incoming. $SATA trading near par keeps the ATM open. Open ATM means continuous accumulation.

Although this is a small data size, with $SATA running as it is right now it's an incredible observation to watch.

With these dynamics, we can see another reason why @saylor is trying to remove the convertibles and clean the capital structure.

$ASST $MSTR

@ZynxBTC @AdamBLiv @EthanKasner_ @Z06Z07

[ChartsBTC @ChartsBtc]

#Bitcoin Price History
#HalvingCycles $BTC #BitcoinChartBot

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@TheCinesthetic

[Ben Werkman @Werkman]

It was a busy week at @Strive last week! In the 4 days from our prior reporting we captured ~61.6% of the daily natural supply of Bitcoin. With these purchases, we have now passed RIOT and Coinbase to become the 7th largest pubco holder of Bitcoin.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@sminston_with Still 50/50. Every fall is an independent event.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@PhysInHistory No, not in our current form; we’ll have to evolve first, so it’s difficult to call it “humanity”.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

Got a good laugh today…

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

@ATRightMovies Open Range.

[Grain of Salt @Z06Z07]

How does @Strategy buyback $1.5B in converts? $MSTR $STRC @saylor

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

The nature of the Universe or Multi-verse is stranger than any of us can anticipate. We have to recognize our limitations but that doesn’t mean we can’t overcome them. We used and controlled fire for hundreds of thousands of years before we understood what fire actually is. We’ve only cracked ajar the doorway to the magic that creates ‘reality’, it’s going to be a glorious journey, if we survive it.

[Planck Constant 🇫🇮 🇸🇪 🇵🇱 @VetteVector]

The nature of the Universe or Multi-verse is stranger than any of us can anticipate. We have to recognize our limitations but that doesn’t mean we can’t overcome them. We used and controlled fire for hundreds of thousands of years before we understood what fire actually is. We’ve only cracked ajar the doorway to the magic that creates ‘reality’, it’s going to be a glorious journey, if we survive it.