As institutions explore digital asset banking, risk teams keep finding gaps. Key management has no banking analogue. Smart contract risk, blockchain congestion, validator slashing, oracle failures, settlement finality differences, all outside conventional taxonomies.

I landed on a hybrid, Basel where possible, new categories where not. Weighting is unclear with limited loss data.

Building new categories, adapting, or hybrid. How are you calibrating.

Before mining started in january 2009, who knew about btc in 2008? Were computer scientists, cryptography enthusiasts, and cypherpunks the ONLY EXCLUSIVE people who got notification via satoshi's mail list like in october 2008? Apart from the mailing list, what other methods were employed to let people know about btc? How could the average joe know about btc before january 2009 debut online then in the u.s.?

First it was $2 billion, then $4 billion but now it's $6 BILLION (ended up being $5.19 Billion) in buybacks on the long end!

This shows the trouble the US dollar and the US government is in with $40 Trillion in debt. The debt service costs are staggering and nobody wants our IOUs anymore.

This is bullish for Gold, Silver and of course, Bitcoin!!

At this point the incumbent monetary system has to keep convincing people they don’t need an exit. To continue prevailing Bitcoin only has to keep the exit open.