Here are the key points: 1. "When the security budget drops to $2B (which means BTC's security market value accounts for 0.1% of its asset market value), a 51% attack will almost certainly occur. In the next decade, this will become obvious. This issue is the elephant in the room in the Bitcoin community, something everyone knows but no one talks about, pretending the elephant doesn't exist." 2. 85% of risk-weighted assets (RWA) twitter.com/gphummer/status/19...