Part VI · Risk and Conclusion · Chapter 13 of 14
What Could Go Wrong
The honest failure modes: sustained CAGR below dividend rate, mNAV collapse, Bitcoin drawdowns, execution quality, regulation, liquidity, and sizing.
Where this sits
Risk and Conclusion
Measure in Sats builds its argument the way geometry builds proofs: simple primitives first, then each layer cites the ones before it. This chapter is part of Part VI — Risk and Conclusion. The full chapter is in the book; the chapter preview shows how all fourteen fit together, and the optionality layer and public explorer show the framework applied to live filing data.
Read the full chapter
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