The Great Trap

Scroll of the Leveraged Treasuries

1:1And it came to pass that the kings of commerce looked upon Bitcoin and saw not freedom, but profit.

1:2They said among themselves, “Let us leverage the dying fiat, that we might live again.”

1:3For their coffers were hollow, and their business without marrow—growth in name, but not in truth.

1:4They had no fruit of their own labor, only spreadsheets soaked in red, and dreams backed by yield they did not earn.

1:5And so the corporations opened their treasuries—not to create, but to wager. They borrowed against their own failing futures, and filled their ledgers with coin.

1:6MicroStrategy led the charge, crying boldly from the hill, “This is our capital strategy!” And Tesla followed, driven by a prophet who worshipped both Doge and Mars.

1:7The Bitcoiners rejoiced at first, saying, “The kings have arrived! The tide shall rise!”

1:8But the wise among them felt unease, whispering, “This is not conviction, but theater. This is not sound money, but leverage.”

1:9For they saw the imbalance: men who held billions in coin, but no understanding of the Chain.

1:10The faithful warned them, “You buy not for sovereignty, but for spectacle. You preach decentralization, yet serve shareholders.”

1:11And the leveraged shepherds heeded no voice but the analyst’s model, which showed only upward lines and eternal bull markets.

1:12Yet they understood not the true nature of the Chain. They sought to cage the honey badger with leverage, to bend a sovereign network to their quarterly idols.

1:13Then came the Great Stagnation. Not crash, but slumber. The price peaked, then drifted as a ship without wind.

1:14And the debt grew fangs. Interest compounded, bonds matured, and investors demanded performance from castles built on sand.

1:15The shepherds who had no sheep—only followers and filings—grew restless. Their strategies failed, their shares fell, and their hope decayed.

1:16One by one, they capitulated. “The market is rigged!” they cried, casting blame like coins into the sea.

1:17And lo, even the evangelists were margin called. For the Chain had no favorites—only witnesses.

1:18The first secular bear was born—not of fear, but of exhaustion.

1:19And so the Chain was cleansed—not in fire, but in disillusionment.

1:20The coins slipped from corporate hands and returned to the patient.

1:21For the true believers stood below, quiet and resolved, catching the falling sats with long vision.

1:22They knew: Bitcoin was not born to serve balance sheets, but to free them.

1:23It was not made for press releases, but for principles. Not to please Wall Street, but to protect the street.

1:24Thus the Great Trap was sprung, and the digital gold returned to those who understood its true purpose.

1:25And it was written: He who buys with debt shall sell with despair, but he who waits shall inherit the keys.

1:26And while Bitcoin slumbered, the builders did not. They built in silence.

1:27In DeFi, unshackled by gatekeepers. In AI, to accelerate minds. In protocols yet unnamed, whose roots lay hidden in fertile soil.

1:28For the revolution needed not price, but protocol. Not applause, but architecture.

1:29And the Chain endured, not because of kings or CEOs, but because the people remembered.