Sourceless (STR)

you are only overreacting if you think @Strategy is the next Luna.

@apyx_fi made a strong case for why this isn't another collapse.

a really good defense of STR, MSTR, and digital credit ngl.

Here's why:

> strategy isn't facing margin calls.

> STRC isn't losing its peg. It's simply repricing for a higher yield.

> the balance sheet is backed by over 847,000 BTC, not empty promises

the luna comparison misses the mechanics here.

Luna was built on reflexive algorithmic incentives that unraveled once confidence broke.

Strategy is sitting on real BTC collateral.

that alone changes the entire risk profile.

the risks are still there, of course.

it's just that they look more like funding pressure than a company going under.

what i liked about Apyx’s take is that it doesn’t pretend those risks don’t exist.

we all know the risks are there.

Apyx also acknowledged them.

and it also made sure to differentiate between financial issue and insolvency.

Apyx also does a good job framing strategy’s digital credi

How I have seen gated milestones for Good Vibes Club since mint

Here are some thoughts on how I have viewed my added conviction in the team since before mint For me these are the stages I have seen and added as each was obvious

1. Chris and Ty impressive - track record working for biggest companies globally - Abstract not a fan so this was initial red flag

2. Question mark is how will web 3 community support the team - people here are drained and bottom feeders - Will they reward quality team and art - Done

3. Reveal happens - team is clearly supported by some of the best collectors in the space - minting isnt enough - capital needs to flow in and stay - Done

4. Early on community felt disjointed even though price action was good - Starting community spaces in August did exactly what I wanted to see - Bring the people together

5. team sharing the building process through streams with the team as well as maison doing community spotlights - Launching Opensea trailer early cred, Seeing Movki and Chris stream together and the respect they have for each other as artists

6. Ronny outreach is first class - done in the right way to the right people

7. Badge system - rewarding collectors - raffles for Vibes etc

8. Strategy token launch - Ty sees the opportunity early for what it could be - Massive level for me personally to add here on STR launch

9. Berk on spaces - Understanding how goated Berk the dev is - Helping troubleshoot things for Token works - GVC is no lightweight

10. Team attending IRL events and doing it in an organic way to build genuine relationships

11. Work with Opensea and tokenworks to be the first to integrate STR platform into opensea - again Berk and Ty - huge wrap