All Updates

10/20/26 The Bitcoin Retirement now opens with a quick answer: the bitcoin needed to retire on $100,000 a year, by retirement year, on both price scenarios and the floor stress test. Also new: common questions on How Much Bitcoin? and Bitcoin vs. the Stock Market. 10/20/26 Bitcoin, Priced in Gold: fit the trend from 2011, 2013, 2016 or 2020 and every reading follows; a new card splits the gap into bitcoin's side and gold's side; and the Power Law's out-of-sample test, run in both units: in dollars an end-2017 fit lands on today's trend, in gold it misses by about 2×, because gold itself moved. 10/18/26 New: Bitcoin's Hash Rate. The network's computing power fitted as a power law: it fits any stretch, but the exponent keeps falling, price rises about as its square root, and the price moves first, by about six months. 10/18/26 New: Bitcoin, Priced in Gold. The Power Law measured in ounces of gold: where bitcoin sits against its gold trend today, the cycle lows in dollars and in gold, and why the two readings have come apart since 2024. 10/18/26 Bitcoin vs. the Stock Market: the history calculator can now measure in bitcoin, counting each position in coins instead of dollars. Also fixed: the cyclical-top presets were buying a few weeks after each top, at lower prices; they now buy at the top, so bitcoin's results there are lower than before. 10/18/26 The Fixed Share, The Half-Life and three essays: gold's supply growth is now about 1.7% a year, doubling in about 41 years (was 2% and 35), from the World Gold Council's 2025 figures, with a note on where the number comes from. The Fixed Share's chart and figures recompute. 10/18/26 The Bitcoin Retirement Stress Test: the default plan now withdraws $100K a year (was $175K), a plan that lasts without a crash if bitcoin stays where it is, so the first view shows what the crash alone does. 10/18/26 Paper Bitcoin vs. Real Bitcoin: the self-custody side now carries three 2026 incidents. A hardware-wallet maker's shipping partner leaked about 80,700 customers' contact details; a Coldcard firmware flaw let attackers recompute keys and take about 1,800 BTC; and Ledger devices sold through a Southeast Asian reseller carried a hidden implant that sent recovery phrases out over the mobile network (more than $86 million by on-chain estimates). None was a failure of the Bitcoin network. 10/18/26 Bitcoin vs. the Stock Market: the projection gains a stress test. The stock lines can run at each index's own record since 2010, about 14.6% a year for the S&P 500 and 19.5% for the NASDAQ-100, instead of their long-run averages: the stronger version of the stock market's case. The default stays on the long-run averages. 10/14/26 Bitcoin and Fixed Income: Strategy at a glance is updated to October: 848,250 BTC (11 October) and mNAV still about 0.8×. The reading now follows the money: $368.7M of STRC bought back in two weeks, paid mostly from USD Cash (down to $640.5M), while the $4.88B reserve pays dividends and interest. 10/14/26 The STRC Mechanism: filing figures brought up to October 11: three more buyback windows (3.7 million shares for $368.7M, at averages of $99.31 to $99.58), a $4.88B USD Reserve (about 34 months of dividends and interest), $640.5M of USD Cash and a float of about 87.9 million shares. 10/14/26 Bitcoin vs. Rental Property: Strategy's treasury (848,250 BTC) and USD Reserve ($4.88B) updated to October 11. The coverage tiles are unchanged. 10/14/26 The Bitcoin Fixed Share: the dollar's supply now grows at about 6.5% a year, the money supply's 50-year average and the figure the rest of the site uses; it was 7%. After 10 years a dollar holder keeps 53.3% of their share, not 50.8%. 10/14/26 The dollar's half-life now reads the same across the site: about 11 years, at the money supply's 50-year growth of about 6.5% a year. The Bitcoin Migration said about six years, Money Trees 7 to 10 and What Money Has to Be under 10. 10/14/26 Charts across the site now lay out their legends and axes again once the page's font has loaded. On a slow connection a legend could lose an item, such as 'Upper band (3× trend)' here at phone width, and lines on The Bitcoin Horizon, The Doubling Ladder and The Power Law. 10/14/26 Bitcoin as Collateral: the $100-of-collateral table is updated to October 2026. The 30-year mortgage rate is now about 7.4% (it was about 6.6% in August), and India's cap on gold loans is 75–85% of the gold's value depending on loan size (it was 75% for all loans until April 2026). The bitcoin loan terms ($40–60 per $100, about 9–14% a year) and the margin rates are unchanged. The Basel watch now notes that the Basel Committee expects to update its crypto rules by the end of 2026. 10/14/26 Disciplined Rebalancing: the results now say plainly that they are hypothetical: what the rules would have done on past prices, which nobody actually traded, before exchange fees and spreads. No figure changed. 10/14/26 How Much Bitcoin?: the two Power Law presets are now the site's two scenarios for bitcoin's price, side by side, each with its full-Kelly answer: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. The page starts on the lower of the two, so the default reads about 105% of wealth where it read about 124%, and that answer stays on screen beside it. The old Conservative preset is now a stress test, the hostile case (−8% a year at 60% volatility). 10/14/26 The Bitcoin Hurdle Rate: the two views are now the site's two scenarios for bitcoin's price: if it stays as far below its trend as it is today (the trend's own growth, the same bar at any price), or if it returns to trend over 3 years (the bar from today's price, read from 3 years). The page starts on the lower of the two and no longer remembers the view you last picked; a link still carries it. 10/14/26 Bitcoin Portfolio Allocation: the return to trend now takes 3 years rather than the whole horizon, so a hold shorter than 3 years ends part-way back (2 years: 2.97x rather than 3.52x). The buttons carry the site's scenario names, the line under the verdict gives the other scenario's figure, and the default switches at 1.0× trend (it was 0.98×). 10/14/26 Borrowing Against Your Stack: Borrow vs. Sell vs. HODL now prices bitcoin on two scenarios, side by side, each with how much cheaper borrowing is than selling: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It used to price every path at the trend, a full return over any horizon. It now starts on the lower of the two, so the 5-year default reads $24,990 cheaper where it read $62,500, with that answer beside it. 10/14/26 Bitcoin-Backed Mortgages: the sell path now values the bitcoin sold at what it sells for today, then on one of two scenarios: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It had priced that bitcoin at the trend from the day it was sold, about 1.9 times its sale price. The page starts on the lower of the two (a $3.41M sell-path cost at 15 years, where it showed $6.47M), with both answers on screen. Also fixed: a line said the price came from the trend; it comes from the latest monthly sample. 10/14/26 Bitcoin vs. the Stock Market: the two forward bitcoin lines are now the site's two scenarios, both starting at the amount invested: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. The second line had started at the trend price, about 1.9 times the amount invested before any time passed; its values from year 3 on are unchanged. The note above the chart now updates itself, and the convergence dates in the text are corrected. 10/14/26 The Rundown: the retirement module now gives the stack your target needs on both scenarios for bitcoin's price, if it stays as far below its trend as it is today or returns to trend over 3 years, with the floor as a stress test, and measures your surplus or shortfall against the lower one. It had shown only the first, beside the floor. 10/14/26 Your Bitcoin Deployment Plan: the Projection's range now spans the site's two scenarios for bitcoin's price: it stays as far below its trend as it is today, or it returns to trend over 3 years. The return used to take the whole hold, so the 2-year column now ends part-way back (lump sum up to 3.0× rather than 3.5×); the 8-year figures are unchanged. 10/14/26 Bitcoin vs. Rental Property: the entry-timing indicator's bar now runs from the floor (0.42×) through trend at its centre to 3×, so the marker sits under the right label; it had put 1.5× trend under the "1× Trend" label. 10/11/26 The Bitcoin Retirement: bitcoin's price is now two scenarios side by side, each with your plan's verdict and what the stack is worth when you retire: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. The page now starts on the lower of the two, so the default plan reads "shrinking from 2064" where it read "escape velocity", and that answer stays on screen beside it. The return used to put the price at trend from today, which valued the stack you hold now at about twice its market price; it now takes 3 years. The floor is a stress test, and the sitewide growth-model setting is gone. Also fixed: with monthly buys, the "stays" stack value had left out the extra bitcoin those buys get at the lower price. 10/11/26 Bitcoin Escape Velocity: the two scenarios for bitcoin's price now sit above the verdict, each with its own answer: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. The page starts on the lower of the two, so the default plan now runs out in 2045 rather than shrinking from 2057, with that answer beside it. The thresholds on each scenario are unchanged, and the floor is a stress test. 10/11/26 Compare Retirement Plans: one switch now sets bitcoin's price for both plans, with both plans' answers on the other scenario shown under it: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It starts on the lower of the two (the page ran on the return alone until now), so the default pair now runs out in 2045 and 2048. The summary names the scenario, and the floor is a stress test. 10/11/26 The Bitcoin Retirement Stress Test: the crash now lands on the scenario you pick for bitcoin's price, with the other scenario's answer to the same crash beside it: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It starts on the lower of the two. There the default plan runs out in 2056 even without a crash, and the crash pulls that to 2039; on the return it survives, as before. When the crash would take price below the floor, the assumptions line says how that compares with the record. 10/11/26 Living on Bitcoin: bitcoin's growth is now two scenarios side by side, each with its rate and what the float nets: if bitcoin stays as far below its trend as it is today (about 33% a year), or if it returns to trend over 3 years (about 51% a year over the default 5 years). It starts on the lower of the two, which lowers the default result from +$31,231 to +$12,774. Corrected: the old default, "Current trajectory", was described as starting at today's price but assumed a full return to trend; the Math tab dates the change. 10/11/26 Bitcoin vs. Real Estate: the projection now opens with bitcoin's price as two scenarios side by side, with your result under each: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It starts on the lower of the two, so nothing depends on a recovery, and your default result is unchanged. The return now takes 3 years rather than the whole plan, which lowers that scenario's result a little, since the renter's later monthly buys are at trend prices. The floor and 2.5× trend are now stress tests. 10/11/26 Bitcoin vs. Rental Property: bitcoin's price is now two scenarios side by side, each with how your path ends against keeping the rental: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It starts on the lower of the two, and the floor and 2.5× trend are now stress tests. End values are unchanged for holding periods of 3 years or more; a shorter one now ends part-way back to trend in that scenario, and says how far. 10/11/26 Compare Housing Plans: bitcoin's price is now two scenarios side by side, each with which plan ends ahead and by how much: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It starts on the lower of the two, and your default result is unchanged. The return now takes 3 years rather than the whole plan, which widens that scenario's lead for the plan holding bitcoin. The floor and 2.5× trend are now stress tests. 10/11/26 Bitcoin vs. Paying Down the Mortgage: bitcoin's price is now two scenarios side by side, each with how far holding bitcoin ends ahead of paying down, or behind: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It starts on the lower of the two, and your default result is unchanged. The return now takes 3 years rather than the whole plan, which lowers holding's lead in that scenario. Also fixed: the ledger's Bitcoin held column showed dollars at today's price under a ₿ heading; it now shows bitcoin. 10/11/26 Bitcoin and Fixed Income: the bitcoin scenarios are now two, side by side, each with what selling bitcoin as needed ends with: if bitcoin stays as far below its trend as it is today, or if it returns to trend over 3 years. It starts on the lower of the two, and your default result is unchanged. The return now takes 3 years rather than the whole plan, which raises that scenario's result, since the yearly sales happen at higher prices sooner. The floor and 2.5× trend are listed as other paths to test. 10/11/26 Bitcoin and The Power Law: a "What would change my view" box, shared with The Bitcoin Floor and Bitcoin's Spikes, so the three pages state one test for a break. The volatility-compression figures now come from the spike record (14×, 12×, 5.4×, 3.2× and 1.2× so far), with the cycle lows beside them: the compression is at the top. And the 3× line is called the upper band, not a ceiling: price has crossed it at past cycle peaks. 10/11/26 The Bitcoin Floor: a one-line definition of the floor as a level that rises with the trend, and the "What would change my view" box after the tripwire, shared with The Power Law and Bitcoin's Spikes. 10/11/26 The Bitcoin Horizon: the volatility-compression section now checks its claim against the spike record. Spikes have shrunk every cycle, but not on a steady schedule, and the cycle lows haven't compressed at all. 10/11/26 Correction to The Bitcoin Retirement: the 60/40 comparison line now grows at its return above CPI plus CPI (3.5%), as the benchmark intends. It had been converted at the inflation setting, M2 growth (6.5%) by default, which grew the 5% benchmark at about 11.8% a year instead of about 8.7%. The line is now lower, which favors bitcoin; it is a fix to the arithmetic, not a new assumption, and the Math tab says so. 10/11/26 Bitcoin and Fixed Income: the calculator's bitcoin scenarios are now the four the real-estate pages use (drifts to the floor, today's gap persists, reverts to trend, peaks at 2.5× trend), and the default no longer assumes bitcoin returns to its trend. The floor case is always drawn faintly on the chart, and the upside case now gives the record of past peaks: 12×, 5.4× and 3.2× trend, and 1.2× so far this cycle. Its note had called 2.5× the historical peak. 10/6/26 Disciplined Rebalancing: set your sell and buy-back levels on two sliders marked with every past spike and cycle low, see how often each rule actually fired, and look ahead at what your rules might do if future spikes are smaller. In bitcoin, against HODLing. 10/4/26 Disciplined Rebalancing: set your own sell and buy-back rules, in multiples of the power law trend, and see what they did in every cycle since 2011, in bitcoin and dollars, against HODLing. 10/4/26 New: Bitcoin's Spikes. Where bitcoin sits against its trend today, every spike above it since 2011 measured, and what HODLers who funded a bill, trimmed or ran a standing rule ended up with, in bitcoin and after tax. 10/2/26 New: Bitcoin and Real Estate, one place for the real-estate calculators. The same housing decision from each chair: the renter, the landlord, the homeowner with a mortgage, and the buyer comparing two ways in. The four now have their own group in The Numbers menu and their own section on the homepage. 10/2/26 New: Compare Housing Plans. Two ways to house yourself side by side: buy now or later, 20% down or 10% with the difference in bitcoin, this house or a cheaper one. Same savings, same spending, the result after tax. 10/2/26 New: Bitcoin vs. Paying Down the Mortgage. A mortgage and spare cash each month: pay the loan off faster, or hold bitcoin? The growth bitcoin needs to come out ahead, how often it has, and the risks on both sides. 10/1/26 Bitcoin Lenders Compared: a lender’s change is now marked on its card for two weeks, with the changed line and its old value, and every card says when it was last checked. 10/1/26 Bitcoin Lenders Compared: Strike’s and Ledn’s cards updated from their own pages: Strike’s monthly-interest rates (from 7.49%) and state table, Ledn’s state list. Every card is now re-read in full each month. 10/1/26 Bitcoin Lenders Compared: a dated “What changed” log above the cards, a badge on recently changed lenders, and each card’s own history. 10/1/26 Site-wide: the line “Bitcoin, measured.” now sits under the Last Coin Standing name in the header on every page. 10/1/26 Wait or Deploy Now?: where it matters, now says whether price was falling into a position or rising through it, and how the record differs. 10/1/26 The Power Law: every past fit tested on what came after (unreliable before 2016, stable since), plus three live tests of what would break it. 10/1/26 About: the name explained, the thesis that bitcoin is built to be the last money standing. The site’s line is now “Bitcoin, measured.” 10/1/26 Bitcoin vs. the Stock Market: data through September 2026. At five years bitcoin and the S&P 500 are now almost level; a 2021 claim corrected. 10/1/26 The Gallery: the affordability chart adds 2025 (Demographia’s 2026 edition); most 2021 entries trailed over five years, not all, as it said. 10/1/26 Bitcoin vs. Real Estate: the affordability chart adds 2025 from Demographia’s 2026 edition; Greater London eased to 8.5×, the US to 4.5×. 10/1/26 Bitcoin vs. Rental Property: Strategy’s treasury (847,666 BTC) and USD Reserve ($5.02B) updated to September 27. 10/1/26 Bitcoin & Metcalfe’s Law: chart data through September 2026 on Coin Metrics’ revised holder counts; exponents re-measured (full history 1.83). 10/1/26 What Daily Conviction Bought: the $30-a-day FAQ restated at the September 30 price: about $107,000 put in, worth about $950,000. 10/1/26 Disciplined Rebalancing: the Math tab’s percentile table now matches the calculator (median 0.85× trend); results unchanged. 10/1/26 The Bitcoin Horizon: monthly closes through September 2026; the sixty-four-month finding is unchanged. 10/1/26 Borrowing Against Your Stack: Corrected the lender categories. The page no longer names three current platforms as lending out borrowers’ collateral, which their published terms don’t confirm. The risk itself, and the 2022 failures it caused, are unchanged; the lenders page records what each lender’s own terms say. 10/1/26 Bitcoin vs. Real Estate: the retrospective's house now runs to July 2026 (Case-Shiller 337.306), and the whole index carries S&P's latest revision; every start year's house value moves a little. 10/1/26 The Doubling Ladder: September 2026 added to the deviation wave and monthly highs (194 months). The mean distance from trend is +0.002 in log terms, still essentially zero; 41.2% of months above the line. 10/1/26 The STRC Mechanism: Strategy held STRC's dividend at 12.00% for October, the fourth month at that rate, and says it will recommend 12% until STRC trades sustainably near $100. The rate status line now reads correctly: 12.00% since July 2026, after 8 changes. 10/1/26 Bitcoin Lenders Compared, rewritten for a reader new to the vocabulary: a short section on the seven things every card measures, plain-language cards, a ‘How this loan works’ paragraph for every lender, a link to each lender’s own page, and tooltips on the terms that recur. 10/1/26 Bitcoin Lenders Compared: a twentieth card, Cadena Bitcoin, the only DLC lender on the page: no custodian and no margin call, but you sell your own bitcoin for the cash and the contract restores the exposure. The ‘You hold a key’ group is now ‘Multisig and DLC’. 10/1/26 New: Borrowing against bitcoin: the lenders. Nineteen lenders on one page, one card each: the published rate, the loan-to-value lines, the bitcoin price that triggers them today, who holds your coins, and the catch. Nothing ranked or recommended. 9/30/26 Bitcoin Bull & Bear Cycles: The CLARITY Act's status updated: the Senate's September 15 cloture vote failed, 49 to 50, and a motion to reconsider keeps the bill alive. 9/30/26 Bitcoin as Collateral: The CLARITY Act's status updated: the Senate's September 15 cloture vote failed, 49 to 50, and a motion to reconsider keeps the bill alive. 9/30/26 Living on Bitcoin: The CLARITY Act's status updated: the Senate's September 15 cloture vote failed, 49 to 50, and a motion to reconsider keeps the bill alive. 9/30/26 The Doubling Ladder: the deviation wave and monthly highs extended through August 2026 (193 months). The mean distance from trend is now +0.005 in log terms, still essentially zero, with 41.5% of months above the trendline. 9/30/26 The STRC Mechanism: filing figures brought up to September 27 from Strategy's weekly 8-Ks: a $5.02B USD Reserve (about 35 months of dividends and interest), 13.3 million STRC shares repurchased since July, a smaller float and lower coverage breakevens, and the rate dial populated with an estimated September VWAP. 9/30/26 Bitcoin and Fixed Income: STRC's dividend rate corrected to 12% (it moved from 11.5% in July), with the tax example and the calculator's STRC path recomputed. The Mechanism tab's June snapshot is now kept as a dated record, with current figures on The STRC Mechanism, and the reserve and mNAV passages reflect September's filings. 9/29/26 Bitcoin vs. Real Estate: This page and Bitcoin vs. Rental Property now form a pair, the tenant's side and the landlord's side of one decision. A strip at the top links the two, and a Run this on the other side link opens the other calculator with the inputs they share: horizon, bitcoin scenario, home appreciation, sale costs, view and tax settings. 9/29/26 Bitcoin vs. Rental Property: This page and Bitcoin vs. Real Estate now form a pair, the landlord's side and the tenant's side of one decision. A strip at the top links the two, and a Run this on the other side link opens the other calculator with the inputs they share. 9/29/26 Bitcoin vs. Real Estate: New sensitivity grid under the projection: the after-tax difference under three bitcoin scenarios and three rates of home-price growth (or three horizons and mortgage rates), with your case in the middle. 9/29/26 Bitcoin vs. Rental Property: New sensitivity grid under the calculator: the after-tax difference under three bitcoin scenarios and three rates of home-price growth (or three holding periods and net yields), with your case in the middle. 9/29/26 Bitcoin vs. Real Estate: New wealth chart in both calculators: the house and the bitcoin each year, if sold that year after tax, with a Held view and a line showing the difference. The projection also draws the Floor scenario faintly. 9/29/26 Bitcoin vs. Rental Property: The chart now shows each year's value if both sides were sold that year, after tax, matching the headline, with a Held toggle for values before any sale. A new line shows the difference between your path and keeping the rental. 9/29/26 Bitcoin vs. Real Estate: New Show the calculation section under each calculator: the house and the bitcoin, year by year, and both sold at the end, with a CSV download. 9/29/26 Bitcoin vs. Rental Property: New Show the calculation section: the rental and your chosen path, year by year, and both sold at the end, with a CSV download. 9/29/26 Bitcoin vs. Real Estate: Three optional tax settings in the Tax on a sale block: bitcoin held in a tax-advantaged account, a mortgage-interest deduction for those who itemize, and custom tax rates. All are off by default, so the results you see first are unchanged. 9/29/26 Bitcoin vs. Real Estate: Results now include tax on a sale. The house pays tax only on gain above the home-sale exclusion ($500,000 filing jointly, $250,000 otherwise); bitcoin pays tax on its gain, including coins sold along the way to cover rent. Both calculators lead with the after-tax figure, with the before-tax figure beside it. Set the regime, filing status, bracket and state in the new Tax on a sale block. At the defaults the projection's bitcoin falls from about $790K to about $648K in today's dollars; the house is unchanged, its gain within the exclusion. 9/29/26 Bitcoin vs. Rental Property: The headline and table now compare both sides as if sold at the end of the holding period, after tax: the rental pays recapture and tax on its gain, bitcoin on its gain, and STRC and SATA on the gain their return of capital left in a lower basis. At the defaults the lead rises from about $54K to about $92K in today's dollars, because selling the rental costs more in tax than selling the yield portfolio. The chart still shows values held, before tax. 9/29/26 Bitcoin vs. Rental Property: Corrected the tax model. Depreciation recapture is now taxed at your bracket's rate, capped at 25%, and depreciation runs on the original building cost rather than today's value. Rental income and lending interest now pay state tax. STRC and SATA return of capital lowers your cost basis, and once it runs out (around year 8 or 9) later payments are taxed as capital gains. At the defaults the bitcoin path's lead rises from about $49K to about $54K in today's dollars. 9/29/26 Is Bitcoin a Bubble?: Corrected the crash count. Bitcoin has fallen more than 75% four times (2011, 2014–15, 2018, 2022), not "over 80% three times"; 2022's fall was 77%. The chart's price labels now say they are weekly closes. 9/29/26 Corrections across the site: The Gallery no longer says bitcoin beat the S&P 500 in every 5-year window (entries at the 2017 and 2021 peaks trailed). Also corrected: Lump Sum's recovery claim, Borrowing's worked example and its PARITY Act statement (a draft, not law), Bull & Bear's price reference, and the date of Executive Order 6102 (1933). 9/29/26 Bitcoin vs. Rental Property: results now show in today's dollars by default, with a Real / Nominal toggle as on Bitcoin vs. Real Estate, and a line under it explaining the difference. Home appreciation and the inflation rate are set in Baseline assumptions, and a change on either page carries to the other. 9/29/26 Is Bitcoin a Bubble?: the chart's bitcoin line now runs to 27 September 2026. It had stopped in March, and it is now part of the monthly refresh. 9/29/26 Live bitcoin price restored on every page, now from several sources. When none loads, pages show the date of the price shown. 9/28/26 Bitcoin vs. Real Estate, rebuilt: the look-back now runs month by month to today, with the house on the Case-Shiller index and rent at market rates. By default the look-back and the projection give the renter and the buyer the same cash out each month; both use sourced costs and show results as if sold. The projection now defaults to bitcoin staying at today's multiple of trend. 9/28/26 Bitcoin vs. Rental Property: your existing mortgage now counts on every path. A sale repays it first, and a kept rental carries its payments. Home appreciation now uses the sitewide nominal rate (4.68% a year by default, was a fixed 3%), and selling costs are 6.6% (was 8%). Lending is now generic stablecoin lending at 4%, and states with no capital-gains tax are no longer charged 5% on the sale. 9/20/26 Homepage: the hero now leads with two actions — plan your bitcoin retirement, or start here if you're new. Subscribe moved below Featured. 9/16/26 The Bitcoin Horizon: no-loss hold is 64 months, not 41 — early-2026 closes were too high. S&P/NASDAQ comparators rebuilt from real monthly data. 9/13/26 The Bitcoin Floor: the July 2026 approach has closed — price left the band by 31 Aug. Not scored until its 24-month mark in July 2028. 9/13/26 Strategy at a glance: mNAV has slipped through 1.0x to ~0.8x. The card now reads the sub-par regime, refreshed to the 7 September 8-K. 9/7/26 New: The Bitcoin Rundown — the briefing. The dashboard is the glance and the gallery is the record; this is the read in between: where bitcoin sits in its Power Law channel right now, set against your own situation and the one question you actually carry. Say what brought you here — deploying new capital, starting or continuing a DCA, raising cash, rebalancing, planning retirement, or just looking — and the page assembles only the modules that bear on it, each answered from the shared engine that owns it and routed to the page where that engine is published, so nothing here is computed anywhere it cannot also be checked. What it will not do is round the evidence up: episodes are counted rather than samples, and where the record behind a module holds fewer than three completed ones the page names them individually instead of publishing a median that would look far more solid than the evidence under it. Every module states what it is — historical record, or conditional arithmetic on the model — and what would break the model sits at the foot of the page rather than in a footnote. A briefing, not a recommendation. 8/26/26 New: Plan Your Bitcoin Retirement — one place to start, instead of four calculators and no order. The four questions a bitcoin retirement actually raises, in the order they arrive: build a plan, find out how much is enough, choose between two options, then find out what a crash at the wrong moment does to the one you picked. Each tool owns one question and refuses the others, and your plan travels between them rather than being retyped. 8/26/26 New: Compare Retirement Plans — every plan is a choice against the plan you didn't pick. Set two complete plans side by side, each with its own stack, retirement year and withdrawal, and read what the difference between them actually buys: whether each one crosses the threshold and by how much, when each runs out or holds, and what each is worth at the end. Both plans share one set of assumptions on purpose, so no plan can win by being handed a friendlier market. One switch drops a bear market into both at once, which answers a question neither of the other retirement pages can: does your option's advantage survive a hostile market, or was it only ever an advantage in a calm one? 8/22/26 New: The Bitcoin Floor — the lower edge of the Power Law channel, at 0.42× trend, and a live read of where price sits against it. Price has ridden near this line as its ordinary lower bound for fifteen years; the page shows the four closest approaches it has made and what followed each, with every modern one back above trend inside 24 months. It also measures what entering near the floor actually paid, and makes the honest part interactive: the same entries graded to today or to the last time price touched trend, because what the answer means depends entirely on where you stop measuring. And it publishes the criteria that would break the model — more than 10% below the floor, held more than 30 consecutive days — with a live status line reporting against them. 8/20/26 New: Bitcoin Escape Velocity — a retirement portfolio is supposed to draw down; under bitcoin's historical growth curve there is a threshold past which it runs up instead. Set three numbers (when you retire, what you retire with, what you withdraw) and the page finds where that threshold sits on each of them: the stack you would need, the withdrawal you could sustain, the earliest year that crosses. Move any one and watch the other two shift. Three answers, all first-class — it escapes, it depletes in a named year, or it survives your window while still losing ground, with the year it turns over. Shares the Bitcoin Retirement calculator's engine and asserts parity with it, so the two pages can never disagree about whether a plan escapes. Real dollars by default; both price bases reported, with whichever is currently the conservative one named. 8/18/26 New: Bitcoin as Collateral — four thousand years of the pledge problem, a ten-property scorecard against Treasuries, property and gold, and why lenders still charge more. With a quarterly record that tracks whether the gap closes. 8/10/26 Renamed and reframed: STRC Below Par is now The STRC Mechanism. Instead of taking 'below par' as its premise, the page explains what STRC is, how the board's monthly rate lever targets its $100 par, and how to read the price against par in either direction — below par, a higher effective yield and a priced risk; above par, the market accepting a yield below the stated rate, paying for the mechanism's credibility. The price is now STRC's official daily close, updated automatically each market day. Live coverage math and the both-sides, no-verdict register are unchanged. The old link redirects here. 8/10/26 New: The Bitcoin Dashboard — a live, in-browser read of where bitcoin sits in its Power Law channel. Ten stats: the trend multiple and its zone, the trend price today, how long price has been below trend and the historical record, the reversion rate implied if it returns to trend at the speeds the record shows, how far behind the trend's schedule it sits, the ten-year trend hurdle, and how far below the all-time high it is. Deep links carry today's position into the tools; the site-wide channel ribbon opens it. A read of where things stand, not a signal about where they go next. 8/6/26 New: The Bitcoin Hurdle Rate — every capital decision is a comparison against the next-best use of the money, and for anyone who holds bitcoin the trend growth is a candidate benchmark. Enter the return you're testing and the horizon of the decision; the page computes bitcoin's trend hurdle matched to that window — higher over short horizons, lower over long ones, because the Power Law's growth rate decays with age — and shows where your number crosses it. Two lenses over one engine: a company asking whether a project clears the bar, and a person asking whether a use of money does. The hurdle applies to capital that can wait, at the margin — not to capital with a deadline, a covenant, or a payroll; where that condition fails, the page says the hurdle does not apply rather than pretending it does. 8/6/26 What Daily Conviction Bought gains one look ahead: an 'if the habit continued' block projects ten more years of the same daily buy along the Power Law's planning range — floor to trend, a range never a number — and hands the accumulated stack off to The Bitcoin Retirement. New stats too: an annualized return computed the money-weighted way (IRR, which honestly accounts for when each dollar arrived — not the flattering lump-sum CAGR), and a peak-value high 'visible only in the rearview mirror'. Plus a chart hover reading out contributions, value, BTC held, and multiple at any date. Still retrospective at its core; the forward look is a range, not a forecast. 8/5/26 New: What Daily Conviction Bought — a live dollar-cost-averaging backtest. Pick a start date and a daily amount and the page replays that habit against bitcoin's real price history: BTC accumulated, total invested, value now, the multiple on inputs, the longest stretch spent underwater, and the deepest drawdown. It defaults to the widely-retold $30-a-day-since-2017 run (~$105K in, first past $1M in November 2024) and recomputes it live rather than retelling it — the interactive companion to the Bitcoin Exit essay. Retrospective only; the record of what a habit did, not a recommendation. 8/4/26 Power Law v2: the out-of-sample chart is now hands-on — drag the training-window cutoff (or pick a preset year) and the regression, projection, and a live readout of the fitted exponent refit in the browser; the view is deep-linkable via a ?fit= link. New alongside it: an exponent survey that ranks the competing Power-Law fits by the price each one implies rather than by the bare exponent, a live 'days to double' stat computed from Bitcoin's age, and an honest look at how much of its life Bitcoin has spent below trend. The canonical coefficients are unchanged. 7/30/26 New Gallery entry — The Middle Seat: a three-panel infographic placing bitcoin (the growth engine), STRC (a bitcoin-backed income instrument trading below its $100 target), and Treasuries (the conservative baseline) on a single asset spectrum, with yields, coverage, and volatility marked to market. It's the companion graphic to the author's Substack essay, "How Legitimate is STRC?", now linked from the page — and the live version of every number runs at /the-strc-mechanism. 7/28/26 Repositioned: the site now leads with the tools. The homepage hero ("Interactive tools to see Bitcoin clearly"), the About page, and the page metadata were rewritten tools-forward — the interactive, live-computed, show-your-work explorations up front — while keeping the educational, first-principles framing that sits behind them. 7/28/26 New: STRC Below Par — a bitcoin-backed preferred built to trade near $100 par, trading below it. Both readings of the discount, with live coverage math, the issuer's lever board, and what a return to par would be worth at any speed. No verdict — and the sharp question it keeps returning to: if you're waiting for bitcoin to recover, why not simply own bitcoin? 7/23/26 New: Discount, or Premium? — bitcoin spends its life swinging above and below one long-run trend, and this page tells you which side it is on right now. It shows the current price, the trend price, and the multiple between them, then lets you pick how fast a return to trend might happen and shows what that would mean as an annual return — always beside the return you would get if the multiple never moved at all. It also runs the same arithmetic against the past four cycle tops, where it reads sharply negative: the lens is deliberately two-sided, and it is not a buy signal. 7/23/26 New: common-questions sections added to Bitcoin Portfolio Allocation, Wait-or-Deploy-Now, and Bitcoin vs. Real Estate — the key questions each page answers, stated plainly and up front, with links through to the sibling pages that treat them in depth. 7/23/26 New: a homepage carousel slide for Bull & Bear Cycles — a weathered mooring post standing in dark water at dusk after a storm, each swell smaller than the one before, an ember of light on the horizon. Bitcoin's bear markets so far have each been smaller than the one before; the slide links straight to the page. 7/17/26 Updated: Bitcoin vs. Real Estate — the down payment is now yours to set. Both the retrospective and projection calculators take a “down payment %” (default 20%), and everything downstream recomputes: the up-front amount, the loan and monthly payment, the equity you would hold and the “% owned” figure, and the rent estimate, which tracks the payment. Set 10% for more leverage or 40% for less; a shared projection link now carries your choice. 7/16/26 Site-wide: a slim channel barometer now sits under the header on every page — the live ×-trend multiple, where bitcoin sits in the Power Law channel, and the spot price, at a glance (it links through to the channel itself). Alongside it, quiet “New” and “Updated” badges now appear in the menus and on the calculators, so you can see what has changed recently without hunting; they appear and expire on their own. 7/16/26 Reworked: How Much Cash? is now a two-step instrument on the Power Law channel. Step 1 — set where you sold; Step 2 — set where you want to rebuy, on the same track, so the gap between the two is your strategy at a glance. The rebuy target is a free slider (its ceiling, your own sale, is marked on the track) that moves independently of the sell slider. The verdict reads out as cards: how often the target arrived, the typical wait, and the bitcoin that came back per bitcoin sold after tax — or, with your stack entered, your whole new stack (10 → 11.6 BTC). The sell slider is now colored by the data itself — red where the round trip has historically lost bitcoin, green where it earned, with the crossing where the numbers put it, shifting as you change the tax. The summary chart shades the stretch your strategy spans, today's point glows on it, and a "Show the work" link opens the full historical record behind every number. Beneath the cards, the headline figure is broken into its two branches — what the round trip returned when the target arrived, and what the two-year fallback gave when it didn't (the headline blends both) — all drawn from the modern era, since 2014, with full two-year records only. Step 1 and Step 2 now carry the same blue and green as their lines on the chart, and the channel chart shows the full price history with the thin pre-2014 era dimmed — the model draws its entries only from 2014 on. When you set the rebuy target at or above your sale, the green line now visibly docks onto your sale line (the rule there is simply any lower entry), and the warning copy is concrete about the two steps: where you sell, and how you rebuy. When the target never arrives, the outcome is shown as what it really is — the bitcoin you kept plus the cash you held, valued at the two-year price (the cash was never spent chasing a rebuy far above your sale). The page says "bitcoin" throughout and remembers your settings on this device between visits (a shared link still shows exactly what it encodes). 7/15/26 Rebuilt: How Much Cash? now answers a sharper question. Raising cash is selling, so pick a share of your stack and a moment in the channel, and see how that trade actually ended across the whole record — how often a cheaper rebuy arrived, and what it bought back after tax. 7/13/26 Improved: the "copy chart as image" button now bakes the chart's context into the picture. An exported chart carries the section title and the one-line explainer that sits above it on the page, and on the calculators it also carries your current assumptions — the stress test's "Your plan:" line, the allocation drift line, and so on — read live at the moment you export, so a shared image always reflects the state you were looking at. The footer (chart title and lastcoinstanding.com) is unchanged. 7/13/26 New: Bitcoin Portfolio Allocation now carries your scenario forward to the retirement tools. Set a portfolio size and a link converts your allocation into an actual bitcoin stack — your 38% of $1.8M is about 11 BTC at today's price — and hands it to The Bitcoin Retirement so you can see what it retires. Drop a crash on the year-by-year chart and a second link carries that same crash, its depth and recovery, into The Bitcoin Retirement Stress Test. Each link states exactly what it carries and the price it used, and only appears when the numbers behind it are set — no guessing, no silent state transfer. 7/13/26 New: two homepage carousel slides — Bitcoin Portfolio Allocation and The Bitcoin Retirement Stress Test — added as a pair, decision then consequence. The first is an amber ink bloom spreading through dark water (a small position quietly reshaping the whole portfolio); the second is a stone bridge standing in a river at flood (the whole plan under load). Each links straight to its calculator. 7/13/26 Fix: The Bitcoin Retirement Stress Test — the "worst timing" finder now reports the stack's low point in the same dollars as the verdict and chart. It was quoting its internal ranking figure (a today's-dollars, spending-cut-adjusted low), which read lower than the ~$1.0M the verdict showed for the same crash and left the two looking inconsistent. The finder still ranks candidate years the same way, but the number it shows is now that year's actual low in plain dollars — and when a spending cut is on it says so ("with your 30% cut"), since the cut leaves the low a little higher. 7/13/26 Polish: The Bitcoin Retirement Stress Test — clearer verdict copy and a cleaner chart. The survival verdict now tells the stress in one line, from where the stack stood before the crash to where it fell and by how much ("from about $2.4M to $1.0M, a 58% fall"), so the drop, its dollars, and its percentage read together instead of scattered across sentences. When a weak recovery never brings the price back, the verdict says the stack stays below its old level through the horizon rather than implying a return that never comes. And the crash-plus-cut line on the main chart is now amber like the cut bars elsewhere, so at a glance it reads apart from the rose crash line: blue is the plan, rose is the crash, amber is the crash with a spending cut. 7/13/26 Polish: The Bitcoin Retirement Stress Test — clearer labels and a corrected "worst timing" finder. The mitigation lever is now called "Spending cut" with −10/−20/−30% presets, and the mitigated bars in the comparison chart are amber so they read apart from the crash bars at a glance. The comparison table's last column is now "Final stack vs no crash" with values like −61% and a tooltip explaining it. Most importantly, "Find the worst timing" now scores by how close the plan comes to failure along the way (its lowest point), not just where it ends — so it names an early crash, matching the page's own lesson that early is brutal, rather than a final-year dip that only looks bad on paper. A new note explains the honest reading of a recovery: the price returns to trend, but the coins sold while it was down do not — that residual gap is the sequence cost. 7/13/26 Fixed: the "today's bitcoin price" readouts across the site now only say "live" when the price really is live. When the live fetch is blocked (ad-blockers and rate limits sometimes stop it), pages fall back to the most recent monthly data point — and now they label it honestly as "latest monthly data" instead of calling a stale number live. The fetch also retries once before falling back, and the underlying data was brought current, so the fallback is close to spot even when it is used. 7/13/26 Updated: The Bitcoin Retirement Stress Test — now shows what you can do about a badly-timed crash, not just diagnose it. A new spending-flexibility lever cuts your withdrawals while the market sits below its pre-crash level, the real-world response to a bear market, and the verdict states plainly what the cut buys and what it costs in forgone income, including the headline case where full spending depletes the stack but the cut lets the plan survive. Under a weak recovery the market never fully returns, so the cut runs to the end, and the tool says so. A "Find the worst timing" button scans every crash year under your current settings and jumps to the one that hurts most, so you don't have to hunt for it by hand. It finds the worst timing, not a forecast, and still makes no predictions. 7/13/26 Tweak: The Bitcoin Retirement Stress Test now opens on a −60% crash rather than the −77% worst case. A stress test should let you dial up to the deepest historical drawdown, not greet you with it pre-selected — so −60% (a real but mid-severity bear) is the default, and −77%, bitcoin's historical characteristic depth, is still one tap away. Nothing else about the scenario changed; the deeper crash tells the same story, harder. 7/12/26 Updated: Bitcoin Portfolio Allocation — a clearer results readout. The composition bars under the chart are now scaled to value: each bar's length shows how much the portfolio is worth, its segments show the bitcoin/traditional split, and a third always-on bar shows what the same money does with no bitcoin at all. Values read as multiples of today (or dollars if you enter a portfolio size), so the comparison is immediate. The underwater band's tint and its "years underwater" label were also cleaned up so the label never clips at the chart edge, even for a late crash. 7/12/26 Updated: Bitcoin Portfolio Allocation — the crash view now shows how long you're underwater. A shaded band and a dashed pre-crash-level line mark the years the portfolio sits below where it stood when the crash hit, labelled with the number of years (or "not recovered within your horizon"). A compact year-by-year results line sits under the composition bars, the chart's vertical scale now stays fixed while you drag the crash year or switch recovery shapes (so scenarios are directly comparable), and you can deep-link straight into a configured crash view. Underwater is measured on the whole portfolio, not the bitcoin sleeve; none of it is a forecast. 7/12/26 Updated: Bitcoin Portfolio Allocation — drop a crash onto the year-by-year chart. A new "What if a crash lands along the way?" control lets you place a bitcoin crash on any year and pick its recovery (Fast, Historical, or Weak), then watch the value dip and recover against a no-bitcoin benchmark. The verdict says plainly whether the allocation ends ahead, behind, or roughly even by your horizon — and behind is a real answer for an early crash with a weak recovery at a short horizon. With annual rebalancing also on, you can see the reset buy bitcoin while it's down. The crash hits the bitcoin sleeve only, recovery shapes follow historical patterns, and none of it is a forecast. 7/12/26 Updated: Bitcoin Portfolio Allocation — a new "Your portfolio, year by year" chart. Watch a small bitcoin position drift from a sliver into a dominant share of the portfolio over your horizon, with a dashed crash line that shows how the same-depth bear takes a bigger bite as the position grows. Composition bars read your share today and at the horizon, and an optional comparison asks what annual rebalancing would do — with an honest note that on a smooth trend path rebalancing always shows the lower endpoint, so this is the drift trade-off, not a verdict on rebalancing. The year-by-year path is in the audit table and CSV. 7/9/26 New: Bitcoin Portfolio Allocation. How Much Bitcoin finds the optimal fraction; this answers a plainer question: over a long horizon, does adding bitcoin make your portfolio meaningfully better, despite the drawdowns? Set an allocation and get the answer with its cost in the same breath: the extra return, the drawdown you must be able to hold through, and how much of your portfolio's movement bitcoin drives. That movement is the engine of the return, not a hazard: volatility is not risk, and the real danger is being shaken out and selling into the fall. Bitcoin's growth is projected from its Power Law with a regime-aware default, and a transparency line explains why the number is what it is. The assumptions sit above the slider with a reset, and it makes no recommendation on what to pick. 7/6/26 New: The Bitcoin Retirement Stress Test. Take your retirement plan and drop a bear market into it, then change the one thing that decides the outcome: the year you retire. The same stack and spending can pass or fail on retirement year alone, because retiring early means selling into the crash before the stack has compounded. Compare early against late side by side, see whether the plan survives or runs dry, and read the levers that matter most: when you retire and how much you draw relative to your stack. It shows failure plainly and makes no predictions. 7/6/26 New: Bitcoin Bull & Bear Cycles — Bitcoin's best returns and deepest drawdowns are one fact, not two. A live read on where the current cycle sits, the four historical bears with a day-zero overlay, a computed volatility trend, why volatility isn't the same as losing your money, and why sizing is what lets you survive the fall. It refuses, on purpose, to guess where the bottom is. 7/5/26 Updated: The Bitcoin Retirement — major enhancements. A year-by-year view of your retirement (portfolio value, annual change, and growth), a "Verify the math" audit table where every number reconciles by hand and exports to CSV, and controls to explore the assumptions honestly: reverts-to-trend vs. today's gap-to-trend, nominal vs. real (today's) dollars, and whether your income target is in today's dollars or a fixed future amount. Escape-velocity and depletion now track whichever assumptions you pick. 6/30/26 New: Wait, or Deploy Now? — from any position in the channel, see whether waiting for a lower Bitcoin entry historically got you more coins, or whether the dip you'd be waiting for usually never came. The position-aware close to the deployment trilogy. 6/25/26 New: Your Bitcoin Deployment Plan — the personal companion to Lump Sum or Ladder In? Model your own sum as a lump, a ladder, or a hybrid, and see how it would have played out across real history and how it might play out ahead, shown as a range. With rising-channel cautions front and centre. 6/23/26 New: Lump Sum or Ladder In? — deploy a windfall all at once or spread it out, and watch the answer flip with where Bitcoin sits in the Power Law channel. Drag the scrubber: decisive when cheap, patient when stretched, committed always. A retrospective teaching demonstration of how the two compared. 6/19/26 New: Bitcoin & Metcalfe's Law — does price really grow with the square of adoption? Measured from on-chain data the exponent comes in below the quadratic ideal, and the deeper finding is that the signal itself is fading: as ownership moves into ETFs and custody, on-chain holder counts stop tracking who really owns Bitcoin. Interactive proxy/era selector with a live fit chart. 6/16/26 New: The Bitcoin Doubling Ladder — the Power Law seen through price doublings, with an interactive ladder, a deviation wave showing how far the market strays from trend, and a scenario slider for the rungs ahead. 6/14/26 New: Risks to Bitcoin — ten risks to the network, each stated in its strongest form and answered, from state attack and the security budget to quantum computing and a rival coin. Each closes with the markers that would tell us the risk is becoming real. 6/10/26 New: How Much Bitcoin? — the Kelly criterion's startling answer to position sizing, an interactive growth curve under Power Law scenarios, and the honest case for taking a fraction of the formula. 6/9/26 New: Paper Bitcoin vs. Real Bitcoin — an ETF, an exchange balance, a multisig vault, a hardware wallet: each is a different asset wearing bitcoin's price. An interactive property grid compares five ways of holding bitcoin across ten dimensions, from confiscation reach to inheritance. 6/7/26 New: Bitcoin and Fixed Income — how bitcoin-backed preferreds (STRC, SATA) compare against conventional fixed income and against simply holding bitcoin, across growth scenarios, stress overlays, and horizons. Five tabs from the structural question to the bear case in detail. 6/4/26 New: Bitcoin vs. Rental Property — the honest yield comparison after landlord costs and exit taxes. Includes an interactive calculator that runs your scenario across bitcoin growth and four exit paths. Now on the homepage and as carousel slide #3. 5/31/26 New: Start Here — a curated orientation pathway for newcomers. Seven explorations sequenced so each one earns the next (framework → emotion → quantification → introduction → mechanism → evidence → commitment), with explicit payoff per step and an applied-next-steps block at the end. Linked prominently from the homepage hero for 'New to Bitcoin?' visitors 5/30/26 The Gallery is now featured on the homepage's Latest section — a curated vertical scroll-through of the ten most striking charts across the site, each chart full-size with editorial framing. Designed as the highest-level entry point for any skeptical reader who wants the structural argument at a glance 5/30/26 The Gallery now has its own social card and search-engine baseline — links unfurl cleanly when shared, and it shows up in search alongside the other pages. 5/30/26 Small fix on The Bitcoin Horizon: the §2 chart caption (under the rolling-CAGR chart) was constrained to 72 characters wide and stopped well short of the chart's right edge. Removed the max-width — caption now flows to the full chart-panel width, matching the chart canvas above it 5/30/26 Gallery: the Volatility Is Not Risk chart now starts from 2015 — a more conservative window that still shows bitcoin's worst 10-year CAGR sitting comfortably above the S&P 500's. Plus a subtle 'you are here' marker on the Power Law chart. 5/30/26 Gallery: the Heatmap chart gains a 'Held to today' toggle — most of the red losses turn amber once you keep holding. 5/30/26 Gallery v2 complete. Final three charts live: the BTC vs S&P 500 outperformance grid, the half-life of a dollar's purchasing power, and how bitcoin's CAGR variance compresses over longer horizons. 5/30/26 Gallery Chart 7 rebuilt: replaced the $10K-invested-in-2010 wealth chart (a cherry-pick of the best possible start year) with a rolling 4-year CAGR comparison. Bitcoin's returns decline over time but still beat the S&P 500 and NASDAQ-100 in every window. 5/30/26 Gallery polish: clearer section dividers between charts, a sharper Chart 2 title, and more concrete claims in the Power Law vs S&P 500 convergence footnote. 5/30/26 Gallery Commit C: three more charts live. Global housing affordability across HK / Sydney / Vancouver / London / US (Demographia ratios), BTC needed for retirement decay curve (4% rule, anchors at year 0/+10/+20/+30), and $10K invested in 2010 — bitcoin vs S&P 500 TR vs NASDAQ-100 TR. Seven charts done; three to go in the final commit 5/30/26 Gallery Commit B: three more charts live. Power Law implied CAGR vs. S&P 500 (with convergence footnote), BTC required to buy the median US house (2013→2025 actual, projected trend to 2032), and the real opportunity cost of buying a house (start-year toggle 2014/2016/2018/2020/2022). Four charts done; six to go 5/30/26 Gallery Chart 1 polish: white historical line now extends to today's live price; hover tooltip shows trend + floor + upper at the hover X (not just nearest); today marker has the radial-gradient halo from the Disciplined Rebalancing chart; editorial prose spans the full chart width for a tighter scroll rhythm between charts 5/30/26 The Gallery rebuilt as a vertical scroll-through of full charts (was a teaser card grid). Chart 1 of 10 live: the Power Law channel in ±2y default view with All-time / Near / Planning toggle. Nine more charts arriving in three follow-up commits 5/30/26 Gallery palette finally rendering correctly (real fix: nested <style> tags in page CSS were breaking the :root variable block). Calculators featured tiles now have matched heights 5/30/26 Calculators page: featured row now leads with The Bitcoin Retirement (with its live mini-preview) — Heatmap moved out, since it's not strictly a calculator and already lives in The Gallery 5/30/26 Gallery polish: page now renders against the proper dark palette (body background + CSS variables were missing on first ship). Calculators page H1 updated to match the nav label 5/30/26 The Gallery is open: 8 chart cards, with the Power Law channel as a live hero and the rest as v1 hand-drawn previews — a visual table-of-contents for the site 5/30/26 Homepage ticker polish: ₿ + price in Bitcoin orange with a slow heartbeat glow 5/30/26 New section: The Gallery — a visual index of charts across the site (placeholder for now; first chart cards land shortly). Nav: Tools renamed to Calculators 5/29/26 Bitcoin Retirement calculator: wider input sliders (3-column grid) now that withdrawal rate is a derived readout, allowing finer-grained dragging 5/29/26 Bitcoin Retirement calculator: withdrawal rate now a derived readout under target income, making the mathematical linkage between the two visible 5/29/26 Bitcoin vs. Real Estate calculator: Power Law scenarios clarified (Upper = cycle peak, ~3× trend) and canonical ? tooltips throughout 5/29/26 Bitcoin vs. Real Estate calculator: Real / Nominal display toggle for projected values, with inflation-aware tooltips 5/29/26 Bitcoin vs. Real Estate calculator: input formatting polish ($/comma/%) and clearer projected-value phrasing with future-date context 5/28/26 Bitcoin vs. Real Estate calculator: cross-session persistence for user inputs + reformed NET headline on retrospective 5/28/26 Bitcoin vs. Real Estate: seesaw chart start-year selector + start-price transparency in comparison table 5/28/26 Bitcoin vs. Real Estate: new Global Affordability Crisis chart (5-market Demographia data, Tokyo case study) 5/28/26 Power Law pages: live BTC price + consistent today-anchor across Disciplined Rebalancing, Bitcoin Retirement, and Borrowing Against Your Stack 5/24/26 Homepage: new What Money Is For exploration added to carousel with silent video intro