I just finished the latest episode of @ Web3_101 podcast about DAT. Through the conversations with the guests by Teacher Liu Feng @ fishkiller&Jack @ jack-xiong137, I feel that many of the viewpoints in each episode of the podcast are quite interesting. So I asked AI to help organize and refine their content from the last 20 episodes and share some interesting viewpoints: (Supported by Gemini AI) 1/20 E70 | MSTR and DAT's Life and Death Tribulation one ️⃣ The 'Binance Effect' of DAT Track: MSTR has become the center of Bitcoin volatility distribution in the US stock market, draining liquidity. 99% of imitators (DATs) will go to zero or be acquired due to a lack of liquidity. two ️⃣ Micro strategy has designed a "no strong equality" structure through convertible bonds/preferred stocks to gain control over the initiative. Micro strategy values the ratio of enterprise value (EV) to asset value. As long as this ratio is greater than 1, or even remains above 1.1, its pattern can continue, and there are currently no truly dangerous signals. three ️⃣ The founder of Crypto Native couldn't do DAT well. DAT is essentially selling encrypted assets to traditional finance, and if the operators are from the pure cryptocurrency industry, they often lack this sales narrative ability. A successful DAT operator needs to possess the qualities of a "leader" and be able to maintain high premiums and faith through preaching, which is more important than simply operating a company.