Killer feedback. Need to update the fiat peg to something else and make sure terms are fair.

Come at this from a desperate Bitcoin holder that wants to invest in a Bitcoin standardized company but would have to convert to fiat and recognize a gain. They have no fiat.

This vehicle is specifically for a mutual transaction between parties that don’t want a future where they don’t touch fiat rails ever again and specially for investors in Bitcoin that don’t want to recognize a gain by liquidating to go to fiat. If a note vehicle denominated in only in Bitcoin doesn’t exist then that Bitcoin investor has to forgo Bitcoin’s CAGR, take a cap gains hit converting to fiat and still pay taxes on a liquidity event in fiat if there is one.

That’s a sad reality for Bitcoiners trying to invest Bitcoin in Bitcoin companies. They can’t.

So without a vehicle like this (yes there’s some potential negatives like when a company is a forced seller) the most passionate Bitcoiners will not be able to invest in Bitcoin standardized companies.

Either way this feedback is actually spot on so we have to update the doc.