I understand all that. I’m just disagreeing on the definition of yield. But there doesn’t seem to be a consistent definition of yield so you could be right. Yield seems to mean different things in different contexts. In the “crypto” industry, yield is letting the exchange/bank hold your coins in return for x% back. The yield that they pay you has to come from somewhere. So they do risky shit until they get rekt. That is very different from getting a loan against your Bitcoin at unchained. In this context, saylor wants to earn yield on his Bitcoin from chase bank. He talks about it on the podcast I posted. That is the future he envisions. But he doesn’t understand, or pretends to not understand, that this yield is not risk free. That the money has to come from somewhere and that there is no lender of last resort in bitcoin. There is no risk free yield. They can’t just print more Bitcoin.