Keysat
18 lines
1.4 KiB
YAML
18 lines
1.4 KiB
YAML
# Hand-written fan-out for the BATTERY 2022 bitcoin-as-collateral-credit thesis (D1) — two-sided test.
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# The instructive split: DEMAND derivatives expected RISING (confirming), SUPPLY derivatives expected
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# FLAT (the disconfirmation / timing-early signal the two-sided scorer should surface).
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parent_conviction_id: BATTERY2022
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nodes:
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- node_id: BATTERY-demand-borrower-appetite
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distance_from_edge: in_mandate
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derivative_proposition: "Borrower demand for bitcoin-collateralized credit is rising (new products, origination growth, fund formations)."
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- node_id: BATTERY-institutional-supply
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distance_from_edge: in_mandate
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derivative_proposition: "Named institutional capital PROVIDERS have actually DEPLOYED significant dollars (not merely announced or made-available) to FUND third-party bitcoin-collateralized loans at scale. (Capital-provider side only — a firm posting bitcoin as collateral to RECEIVE a loan is borrower-side demand, not supply; an announced/planned program is not deployed capital.)"
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- node_id: BATTERY-incumbent-entry
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distance_from_edge: in_mandate
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derivative_proposition: "A major traditional financial institution has entered bitcoin-collateralized lending (D1's explicit milestone)."
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- node_id: BATTERY-custody-policy-enablement
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distance_from_edge: one_hop
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derivative_proposition: "Regulatory and custody developments (SAB-121 repeal, bank custody clearance) are enabling institutional bitcoin credit."
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