I think it's GOOD for all charletons and ponzi operators to be ejected from Bitcoin.

That includes FAKE BITCOIN schemes such as SPARK.

Bitcoin's price will continue to DUMP until freedom money is restored.

Has some positive and negative effects but vote for good

I voted don't care. 'Cause I don't.

It's basically a registered/regulated Celcius/BlockFi where the sole borrower is Strategy. If it implodes it strikes another blow to the yield narrative. Aside from yield being offered under normal loan terms, where the yield won't be as good, it doesn't get safer.

If it does implode, sanity returns and "digital energy" stops appearing to defy the laws of physics. If it doesn't implode, bitcoin will continue moving into fewer hands and more quickly. So it imploding is better for bitcoin longterm imo. But I still don't care relative to how much I care about bitcoin being used as money.

I cannot vote in my own poll, sadly, but I vote Good. The "basically risk free" high-yield products will all eventually explode, and the sooner these things happen the better (fewer people get hurt).

I also think it's good for bitcoin if it doesn't collapse

burn it down

I don't think it will collapse. I think there are a few things at play here. MSTR probably made a mistake using a substantial portion of their cash reserves to retire convertible debt. The market did not like this. Couple that with SATA going to daily dividends and being 13% yield vs 11.5% yield for STRC and you are seeing rotation from STRC to SATA. Strive is inherently much riskier than Strategy so I don't see this all as pricing in additional risk for Strategy. I think it is a combination of both. Besides that, yesterday was ex-dividend date for STRC so you are going to typically see selling after that date and probably got more than usual as people who wanted to rotate to SATA waited until today. I think SATA had a pretty big day and was trading over 100 at one point.

Bad in the short run, probably good and necessary in the long run.

It’s hard to say it could be good if you want the price of bitcoin to crash. But also could be bad because people get rekt.

But it’s got a long way to go before it will be officially dead

If STRC succeeds, people will point to it as validation. If it fails, people will blame Bitcoin even if the real issue was the business model.

Nop, Bitcoin's market cap is just too massive for a single corporate preferred stock to dictate long-term direction.