The
Catalogue
Three products. Nobody else built them. The work nobody commissioned. The answers nobody published.
Priced accordingly · Instant delivery · No subscription required
The Remora
Doctrine
454 pages. 143,000 words.
The ecological model of market extraction.
Complete package · One-time payment
Instant delivery via Stripe
Every piece of analysis in cryptocurrency assumes you already understand why most participants lose. Most participants do not understand why. They have been handed narratives. This is the framework underneath the narratives.
The Remora Doctrine introduces the trophic model of cryptocurrency market structure. Orcas, Plankton, Remoras — the three actors whose interactions produce the observable data. The 365-day liquidation dataset, the XRP valuation forensics, the MSTR capital structure analysis: all of it flows from this framework.
18 months of systematic research produced the Unpayable Jackpot theory, the Compression Trap, the Liquidation Theatre, and the forensic methodology that has since been applied to JPMorgan’s research note, Stack BTC Plc, and the Hormuz Precedent. This is the document that everything else comes from.
It is also the only document that explains, from structural first principles, why the expected payoff from the most popular retail cryptocurrency strategies is mathematically negative — before a single market move is considered.
Show Me
The Model
Bitcoin to $1,000,000.
242 pages. 13 conditions. One honest answer.
Full data appendices · Break-condition matrix
Instant delivery via Stripe
For fifteen years, ARK, Fidelity, VanEck, Fundstrat, and JPMorgan have published $500K–$1M Bitcoin targets. For fifteen years, nobody produced a conditional framework behind them. Not one stated probability. Not one identified break condition. Not one falsification criterion. This is the report that should have existed in 2010.
The report maps 13 serial dependency conditions that must hold simultaneously for Bitcoin to reach $1,000,000. Each condition is assigned a probability. Each failure mode is documented. The conditions are tested for internal consistency — several of the most popular bull case arguments directly contradict each other.
The probability-weighted expected value is $260,000. That is an extraordinary figure by any asset class standard. It is also 73% below the headline number every oracle in the record has been selling. The gap between those two numbers is the entire report.
The 2032 milestone calendar tells you what observable events to watch for and when. The break-condition matrix tells you which failure is most likely and what it looks like when it begins. This is not a price target. It is a monitoring instrument.
UK Bitcoin
Treasury Reality
Six forensic decks.
The case against copy-paste treasury adoption.
Stack BTC & Smarter Web as case studies
Immediate delivery via Stripe
A consultant, a listed company, or a client is presenting a US-style Bitcoin treasury strategy for a UK entity. MicroStrategy is the template. The UK regulatory framework, tax treatment, and corporate law are categorically different. The strategy that works in Delaware does not translate to a UK PLC. Nobody has built the forensic case in a format a board can actually use.
The pack contains six forensic decks covering the structural differences between US and UK Bitcoin treasury frameworks. It is built specifically for the UK professionals who are being asked to evaluate, approve, or advise on these strategies — IFAs, solicitors, accountants, company directors, and trustees.
Stack BTC Plc and Smarter Web Company are examined as live UK case studies. The Aerotyne BTC Treasury report — the forensic dissection of the metric architecture used by UK-listed Bitcoin treasury companies — provides the analytical foundation. The pack extends that analysis into the specific professional responsibilities of the buyer.
Companies Act distributable reserves analysis. HMRC treatment of Bitcoin on a corporate balance sheet. FCA exposure mapping. The difference between what the US model assumes and what UK law actually requires. Six decks that give a professional everything needed to hold the room.
+PPTX
The Rogue
Protocol
The products are the deep dives. The Rogue Protocol is where the methodology stays live. Forensic capital analysis and high-level strategic doctrine — as events happen, not six months after.
Read the free work.
Then decide.
The free research is not a sample. It is the full methodology applied to live targets. Read it first. If the standard of the free work does not justify the paid work, do not buy the paid work.
Three UK-listed companies. Eight metrics dissected. The CEO admission preserved before deletion. The forensic foundation for the Treasury Reality pack.
Read the report →27 documented failures in JPMorgan’s Bitcoin research note. The vol chart that cannot exist as published. All verified against primary OHLC data.
Read the audit →Not through a bear market. Through a dividend covenant. The capital structure analysis nobody is running while everyone watches the Bitcoin price.
Read the analysis →The arithmetic is not the opinion of the author.
It is the arithmetic.
Every claim in every product is sourced from publicly available data, company filings, exchange disclosures, or primary market data. Every formula is auditable. Every input is visible. If the methodology is wrong, it can be shown to be wrong — which is more than can be said for the research it replaces. For enquiries about any product: contact@paulfaulkner.com
