Wait I thought this was called Autophagy? help me here

A lot of words, important words. This is my best attempt to boil down. - In life we must balance extremes, as Aristotle's Golden Mean places courage between cowardice and recklessness. - Tribal ignorance fosters emotional decisions and echo chambers, amplified by social media algorithms. - Analysis paralysis arises from over-researching multiple perspectives, hindering firm commitments. - Ideal approach researches deeply, steelmans opposition, then decides decisively. - Self-awareness identifies personal bias toward tribalism or paralysis, enabling corrective habits.

Me, never really was on X

Read Vadim Zeland

Keep writing until the signal/word ratio remains high. Then you take stock of how much you've ended up writing, if it's above 200 words then probably go long form.

Painfully true.

Integrate a Open source YouTube viewer such as NewPipe / Invidious and allow me watch any YouTube video within Primal. Allow me to zap creators even if they are not on Nostr. If I zap a creator that isn't on Nostr , send the channel's creator an automated message to onboard to Nostr to receive their Zap. Orange Pill them by osmosis. It's win-win-win. It's such a no brainer.

You goddam crazy bastard, I'm in!

Please do I'd be honored.

Pessimism always justifies itself. So always remain stubbornly cheerful. The world holds all possibilities, including the best one for you. It is willing to meet you halfway.

I watched the whole 1 hour of that panel the IMF called "The future of finance" it's on YouTube. These were my notes: IMF REBRANDS TIME CHAIN TO DISTRINUTED LEDGER TECHNOLOGY AND SEEM ONLY TO WANT TO EMBRACE VIA STABLECONS, IT SEEMS TO BE SYNTHESIS, A TRADE OFF, some sort of TRUCE WITH CRYPTO, AN ACCEPTABLE MIDDLE GROUND BETWEEN THE CONTROL THEY CRAVE AND THE DIGITAL CONVENIENCE THE MARKET DEMANDS. MONEY IS A Winner TAKES MOST GAME. THEY CHARACTERIZE BITCOIN AS UNBACKED. EXPECT MORE OF THIS RHETORIC IN THE FUTURE. THEY SAY REGULATION IS NOT OPTIONAL IN ORDER FOR USERS TO BENEFIT FROM THE INSTANT AND CHEAP CONVENIANCE STABLECOINS UNLOCK.

In case anyone prefers a 18 minute summary rather than the full 2 full hours. The Blueprint for A New Financial System By Michael Saylor - Smart Summary Done via hark.now Audios: https://drive.google.com/file/d/1G0eK02j-2tQmSjEHAtJFyTZajDmK45c-/view?usp=drivesdk _ The 20th-century antiquated oligopoly, selling inferior credit instruments, represents a market held back by strategic ignorance. While trading apps now make markets more accessible, the investment cycle moves a thousand times faster, yet the system remains stagnant; NASDAQ trading hours, for instance, are identical to 27 years ago. We're effectively disenfranchising 99.9% of businesses from capital access, making it impossible for small enterprises to raise money in days or for individuals to take custody of their own shares. This inertia stems from highly regulated industries where progression halts, and the knee-jerk reaction is always 'why not do this?' instead of 'how can we build?' Imagine applying such caution to fire or electricity; we would have nothing. Yet, there's immense appetite for over-collateralized debt yielding 10% tax-deferred, capable of jacking retirement income from $30,000 to $120,000—a true Social Security for billions. To build this future, one must appreciate Bitcoin not merely as a coder or an economist, but through a broad, synthetic lens. My background in engineering, system dynamics, and the history of science reveals how technological dynamics have always channeled human history, from the impact of germs and steel to transnational gold networks. Understanding engineering systems, thermodynamics, and the historical evolution of money is crucial. Bitcoin itself is pure digital capital: long-duration, volatile, and high-performance. The real innovation lies in a 'refinery model,' taking this raw asset and stripping away its volatility and risk, compressing its duration, and extracting yield, much like refining crude oil into kerosene—the cleanest, highest-grade distilled liquid energy. _ We developed a Treasury preferred instrument we call 'Stretch,' designed to offer a 10% dividend yield for one month, denominated in US dollars, extracting a significant credit spread. The innovation lies in its robust over-collateralization, perhaps 10x with Bitcoin, ensuring resilience even if Bitcoin experiences substantial drops. Furthermore, we engineered volatility controls: a call option at 101, active selling at 100 or better, and a commitment not to sell below 99, raising the dividend if it does. Crucially, Stretch allows management discretion to adjust the dividend every single month—a novel approach in preferred stocks, mirroring how central banks set interest rates. This makes it the 'kerosene' of the digital assets industry, a highly refined product. The demand is clear: investors seek 10% returns instead of the 0.5% to 4% offered by traditional banks, or even negative yields in some regions. This product targets a vast market, including corporate treasurers and retirees, tapping into the $30 trillion short-term treasury market in the US alone. We've also created a suite of other products like Strike, a convertible preferred offering equity upside and cash flow for those avoiding full Bitcoin volatility; Strife, a senior long-duration credit yielding 9% for the risk-averse; and Stride, a junior version yielding 12.5% for those seeking higher returns. Our model is distinct: we issue credit strategically, not out of necessity, where the preferred instrument is the product, enabling us to scale our offerings. _ The Stretch instrument represented a profoundly different approach. Eschewing perpetual dividends or long-duration promises stretching 8 to 20 years, we opted for a one-month duration. This inherently reduces volatility, offering pure currency yield without the capital appreciation risk of instruments designed to ride interest rate fluctuations. Most people—corporate treasurers, retirees, retail investors—aren't interested in being long-duration credit investors; they simply want a reliable return on their money without undue risk. Unlike a company like Boeing, which issues debt because it needs money, we issue debt as the product itself, backed by an asset and overcollateralized, independent of future cash flows. Traditional credit markets, from corporate bonds reliant on future cash flows to mortgage-backed securities that proved volatile in 2008, or even low-yield municipal and bank credit, highlight a stagnation. Sovereign fiat credit, backed by taxing power or printing, risks currency collapse. These instruments are centuries old, with gold-backed credit ending in 1971. The true innovation lies in digital credit instruments, leveraging Bitcoin as digital gold. Any publicly traded company can now create overcollateralized digital credit with precise control over yield, duration, delta, and volatility. While the appetite for such overcollateralized, high-yield debt is clear, the existing financial infrastructure—from regulatory environments to trading platforms—exhibits significant inertia. Systems designed for 20th-century, opaque, undercollateralized instruments are slow to adapt. Yet, as these new ideas prove their worth, the rails will eventually be upgraded, allowing for the widespread distribution of superior, digitally-native financial products, enabling a perpetual strategy of accumulating digital capital. _ An intelligent approach to leverage aims for a significant Bitcoin accumulation factor, potentially three times more Bitcoin per share over a decade, translating to an MNAV floor of three. This MNAV, essentially a price-to-book value, is achieved through credit amplification, not with risky, short-duration loans that invite force liquidation. Instead, the least risky and most intelligent method involves publicly issued perpetual preferred stocks. Their principal never comes due, rendering principal risk de minimis, and board-approved dividends mean coupon risk is similarly negligible, offering resilience against financial duress. Consider well-run banks trading at a price-to-book north of two, or Microsoft at 20-10; high multiples are a testament to productive capital and intelligent leverage. This isn't a novel concept; banks have long generated leverage on common equity using various tiers of capital. Even operating companies, from retailers to the Mag 7, often employ defective treasury strategies, yielding a paltry 2-3% on money markets. Replacing these with Bitcoin, which can realistically offer 10-30% appreciation, transforms the treasury into a profit center, accelerating market cap and stock growth. While an operating company won't achieve the pure digital exposure of a dedicated treasury company, it will significantly outperform its peers. The potential for this model is immense. Just as there are thousands of banks and insurance companies, we envision a thousand treasury companies. These can be established across every major economy – from Switzerland to Japan, Brazil to the Eurozone – each offering digital credit products like "Stretch," or diversified instruments such as long-duration or institutional bonds, tailored to specific fixed-income buyers. This allows for vast specialization, even for those seeking senior debt rather than preferreds, carving out niches within this burgeoning financial landscape. _ The sheer scope of potential products is staggering; if there exists $300 trillion of credit instruments globally, then every conceivable currency, jurisdiction, and flavor of credit can find its digital analogue. We could see $100 billion senior debt offerings, u junk bonds, or instruments tailored for the annuity and insurance industries, each uniquely adapted to their specific needs, such as the distinct preferences of Japanese insurers. This extends to crafting custom solutions for pension funds and endowments, providing guarantees against volatility or specific redemption rights—like the ability to redeem $500 million quarterly from a $10 billion deal. What we anticipate is a Cambrian explosion in digital credit issuers, akin to the complex mortgage-backed security industry. The beauty of this new paradigm lies in its unparalleled speed and efficiency. Unlike real estate projects that take years to validate, a 144A offering can determine the viability of a billion-dollar product line in a two-day roadshow. We are literally building and transacting in real time; a $500 million trade can be executed in a minute, with collateral acquired and Bitcoin purchased in the same hour. This investment cycle is a thousand times faster than anything seen in technology, real estate, or oil and gas. Bitcoin already enjoys the best regulatory treatment globally, recognized as digital property even where crypto trading is restricted. This empowers innovative digital credit issuers to move forward, understanding that the human race must embrace these superior digital credit, capital, and equity instruments, leaving behind antiquated oligopolies and their inferior offerings. The $300 trillion market for credit instruments demands a Cambrian explosion in digital credit issuers, offering every possible currency, jurisdiction, credit type, and flavor. This includes crafting custom instruments for specific institutional buyers—be it the annuity industry, insurance companies, or endowments seeking a 10% guarantee to stomach Bitcoin volatility, or even quasi-money market instruments with daily redemption capabilities. The profound advantage of this new paradigm lies in its unparalleled speed and efficiency. Billion-dollar product lines can be created and validated in a conversation, a two-day roadshow. Unlike the protracted, risky ventures in real estate, digital credit instruments can be essentially sold before they are fully built, with transactions executing in minutes or hours. This accelerates the investment cycle a thousandfold compared to traditional assets. Crucially, Bitcoin already holds the best regulatory standing globally, recognized as a digital commodity and property even in China. For digital credit businesses, existing, well-developed credit laws, particularly in the US, provide a solid foundation. This shift is an inevitable technological progression, replacing antiquated, inferior credit instruments. Just as the car superseded the horse and buggy, digital capital offers superior alternatives, feeding 400 million companies with better options. Embracing this future is essential; clinging to the past leads only to irrelevance. _ We avoid conventional short-term debt precisely because of the inevitable refinancing events. The burden of raising a billion dollars every four years for a century translates into $500 million in underwriting fees, not to mention the perilous risk of a financial crisis closing refinancing windows and forcing asset sales. This modern complexity is a regression from historical wisdom. The Rothschilds, for instance, famously sold British consols from 1760 onwards—perpetual instruments yielding 3-5%, never coming due. This perpetual model was a superior way for governments to raise capital and for investors to hold stable assets, adjusting par value to market conditions without constant refinancing. We've inexplicably swapped this elegant solution for a labyrinth of three-month, one-year, and five-year notes, creating an accounting and trading nightmare. A bitcoin treasury company is uniquely positioned to create digital treasury credit. We've developed a roadmap of instruments, like Strife and Stretch, that serve distinct investor bases. While early instruments like Strike and Strife were gateway products, it became evident that 'Stretch' represents a refined ideal. Many investors sought high yield but not the associated duration or volatility inherent in other offerings. Stretch stripped away that delta and vol, delivering the yield in a simpler package. It functions like a high-yield bank account, a stable investment designed to return every penny, offering 10% where traditional banks offer nothing. The market isn't for bitcoin enthusiasts but for the vast pool of capital seeking superior yield without risk, bypassing the complexities of short-duration notes.