Wouldn’t it actually be much higher than $400k? The $8.1T market cap assumes the $6.8T immediately transitioned into BTC at the current market price. However, as it transitioned the price would run…resulting in a much higher ultimate price and market cap. I don’t know the actual math/formula (I’m not sure an exact one exists), but I think this is how it would work.
putting on my finest 3 piece suit for todays rip with nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx ⚔️🥂⚡️ 
Great rip…really enjoyed the manifesto piece. You’re still a dick, though, for cutting in line directly in front of me and about 100 other folks like some sort of VIP d-bag at nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx and nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy ‘s RHR/pubkey event back in July. 🖕
nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u why all the shilling and constant call outs of all the BTC top handles here. Feels like a fiat money grab…love your content, bro, but “be cool honey bunny”.
Get al large BGE with all the accessories. Within the specified price range and is an outdoor cooking Swiss Army knife that will last longer than you will.
And now perhaps we have the explanation:
https://primal.net/e/note1733ehdd9ks84v35952wrcn0sgmxklwg4t26yj8quhs6kfu8gpzcq3xsujf
And for anyone else that, like me, has to pull the thread until things are completely unraveled, Knut says it clearly at the 1:10 time mark in this podcast:
And now perhaps we have the explanation:
https://primal.net/e/note1733ehdd9ks84v35952wrcn0sgmxklwg4t26yj8quhs6kfu8gpzcq3xsujf
Maybe the ‘s’ is space. So, as the time during which BTC is being used as a MoE increases the space/geography over which it is accepted as a MoE also increases. Who knows? Fun to think about.
Was also trying to piece this together but using Medium of Exchange…
Totally agree with this line of thinking. With the App Store-like approach systems such as start9 and umbrel have taken, OCD folks like myself will instinctively feel compelled to run node updates if, for no other reason, simply to make the update notification disappear.
Additionally, I’ve seen some high signal folks in the space suggest that we should treat every core upgrade as an attack while other high signal folks produce reports on how many nodes are running old/out of date versions of core.
It can be confusing for sure.
(PS - please don’t read this as a criticism of start9 or umbrel. I absolutely love them…just using them to illustrate a point).
When I saw the note I immediately tried to find this article…you beat me to it.
Same…kind of. I didn’t even know what UTXO mgmt meant until hearing nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx and nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy preach about it. Still paid 6.5sat/vB, though…lessons learned.
Simulation theory, quantum mechanics, consciousness, and bitcoin…beautiful.
Ha…was about to say “almost as good as the Nirvana Unplugged session.”
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a good to see you on Wealthion again and good to hear Adam report that some of his viewers are looking for intel on bitcoin. Hopefully one day someone can orange pill Adam.