The MSTY model is nothing new. People have been generating income selling covered calls for a long time. The uncertainty lies on whether or not MSTR can remain liquid and volatile over time.

If you’re giving up control of your keys and taking fiat in exchange, is that much different than owning shares of MSTY from a sovereignty person? I would say it’s a difference without a distinction.

You’re still trusting a regulated third party. If you like Strike more than say Fidelity that’s fine, but if the government comes knocking both of them are going to comply.

No beef with Jack and appreciate what he built, but we are dealing with the fiat system in both scenarios. What Strike allows, which has been offered by Ledn for years is just a bridge to tradfi. You’re giving up control of your keys and dealing with third parties. You can’t have your cake and eat it too. But now people can choose to trust Strike instead of Fidelity.