Directionally, a redemption in kind is a move away from confiscation.

Gensler’s replacement is open to in kind redemption for the ETFs. The rumor is that Blackrock wants to be able to redeem for Bitcoin. (Not sure if I buy the rumor or not)

For Saylor's flywheel to work in 2025, he needs to attract fiat whales. It only works while increasingly more fiat is being drawn into it either in the bonds or the shares. What he's essentially doing is accelerating Bitcoin's monetisation process.

I can't see who doesn't benefit from this process other than those exposed to fiat. Selling Bitcoin to buy MSTR is increasing your exposure to fiat.

I've also fallen in love with the self sovereign aspect to Bitcoin. I think Bitcoin teaches us that we are each sovereign souls here. That we are far more powerful as individuals than we have been led to believe. That sovereignty is found by taking responsibility for everything in your experience. We each individually learn these lessons essentially by fucking around & finding out.

I believe as sovereign individuals we need to respect people's chosen path even if we believe they are going to get hurt. We should warn them of the dangers we see, but ultimately respect their sovereignty.

MSTR is very much in the fiat system. The system many of us despise. Playing with MSTR can at best only lead to more fiat for the individual. Most of us are Bitcoin rich & fiat poor. Most of us have plans that at the moment require fiat. My own internal guidance is telling me that the lesson this Epoch is patience. Whether you exercise patience this epoch or not, the lesson is there for anyone who's open to receiving it.

The path to mass self sovereignty is not via influencers. It unfortunately will require contrast, both the desirable & the undesirable. Our job is to show people just how joyous being self sovereign can be. To shine our own light as brightly as we can.

🫂💚

As a result of the IRS wallet-for-wallet cost basis, people will FEAR self custody. They’ll FEAR trying different wallets.

This BENEFITS custodians and ETFs. It BENEFITS exchanges. It HURTS wallet developers. It HURTS humble self-sovereign Sat stackers.

This is the “then they fight you” phase. The State is actively trying to capture #Bitcoin. Don’t let them.

Yeah - pretty sure you're wrong man.

What are they supposed to be critical of?

What should they be so outraged by?

Anyone selling Bitcoin to buy MSTR to one day have more Bitcoin is retarded. It's a fiat bet but it's permissionless money. FAFO

It looks to me like Saylor wasn't too discerning about his invite list. You just needed to be doxed.

My first compliment on my podcast in 2025 💥🎉 nostr:note1anwy9n024q0874jc5we2ajlcq98spm0q8vs5yvuupnn7qgmleyuq90jwnq

Happy new year 🎆

Its weird, I have no problem with Saylor or MSTR. it's a great product for investor bound to buying bonds. But it is a shitcoin compared to bitcoin. Don't talk about MSTR like it's better then bitcoin!

This is the way. I had the same question a few weeks ago and ended up updating

No, but you might run into problems when you need to use it with Sparrow or other apps. I would regularly check the changelog for updates so you're aware of bug fixes and vulnerabilities.