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  • Announcements regarding our community

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    raduR
    This has now been resolved - thank you for your patience.
  • A place to talk about whatever you want

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    S
    On the MSTR True North Live episodes Jeff likes to show prices if MSTR gets into the S&P500 and if MSTR achieves an average P/E ratio upwards of $2000+... but will that really happen? Looking at a likely bitcoin top of $150-170k, it would seem that MSTR would top around $660 a share. That being said, I'm curious what others think is likely to happen and why throughout the year.
  • Got a question? Ask away!

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    schustan0S
    Any chance there's a bug with the days to mNAV cover? Not seeing it for Metaplanet Also one thought that came to mind: Would it be possible to include an update timestamp in the tooltip? Definitely would come in handy when volatility spikes and there's lots of buying taking place
  • Blog posts from individual members

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    raduR
    This paper introduces a 3D thermodynamic framework for understanding Bitcoin across three key dimensions: (1) Perfected Digital Energy, (2) Perfected Energy Conduit, and (3) Perpetual Gradient Minimization. In contrast to gold—traditionally seen as a “static” store of value requiring no ongoing energy to maintain—Bitcoin operates as a dissipative structure, fueled by continuous energy inputs from mining and human effort. Proof-of-work ties the creation of digital scarcity to the laws of thermodynamics, securing Bitcoin’s network through real-world energy expenditure and effectively transforming electrical power into “digital energy”. This design not only draws legacy capital into a lower-potential reservoir but also perpetually drives innovation in energy production, network security, and monetary architecture. By examining these three dimensions in tandem, the paper posits that Bitcoin’s adoption path becomes thermodynamically inevitable, compelling individuals, businesses, and societies to “work for Bitcoin” as it increasingly permeates the global economic landscape. https://zenodo.org/records/14686888