Logic seems sound; my concern is and has always been the implicit tautology: if btc does great, strategy and its derivatives are probably fine. Maybe super-fine.

But it's basically complicated leverage crossed with a ponzi and a dose of speculative attack, with built-in assumptions about number going up for the whole rickety machine to keep toppling forward.

In situations where btc is having trouble for one reason or other, what happens to these nested Rube Goldberg machines? That's what I want to know.