I didn’t expect an article this long to reach millions in today’s 3-second attention span economy. I’ve read every single quote and comment. To be honest, I’m overwhelmed. I’ve never felt this much warmth on this platform. And I’m just deeply, sincerely grateful. Thank you, truly. I’m not much different from anyone else who just entered this space. The only real difference is that I’ve bled more. I’ve lost more. As a Christian, my faith gave me this habit of constant reflection, and forced me to look in the mirror and face the rot inside me. It gave me a way out when I was drowning, and eventually, that became my redemption. Crypto was meant to be about anarchy. It was meant to be the middle finger to the gatekeepers in suits who think they’re better than us. That spirit feels dead lately, but I still believe in it. I have to. This space changed my life, and I’ll keep building here until the wheels fall off. But I’m not going to pretend I had some perfect journey. In my early years, I got absolutely fucked by Ponzis. I couldn't control my greed and lost most of my early Bitcoin (thank you, MMM). I was just a naive kid. Every time I think about this part, I want to apologize to my mom. She had zero clue what I was actually doing. I was literally sneaking out every other night to act as a middleman in Vancouver’s nightlife. I was sourcing and flipping Moutai, whiskey, and expensive cigarettes to rich Chinese university students. I was the one brokering the VIP tables and getting people through the door. Honestly, I was just really good at getting rich kids to come to parties. I know people look down on that kind of "job." It isn't something people proudly say like "I worked at Google." But I’m proud of it. I was literally making an entry-level Google salary as a teenager just by being a better hustler than the adults. Without that hustle, I wouldn't have anything I have today. That revenue stream was the only reason I could keep buying back into Bitcoin. I was sitting on a level of wealth I had to hide from my parents for years. No parent in their right mind would let an underage kid handle that amount of wealth. I’ve never known what it’s like to get rich quick overnight. For me, it was always a long, grueling season. The closest I ever came to “getting rich overnight” was thanks to Cryptokitties. Watching my kitties flip every day for weeks while ETH was mooning... that was the first time I actually felt like I’d made it. But the scariest thing is when God gives you a "trial card" to see a world you aren’t ready for, only to snatch it back and throw you to the bottom. In late 2018, when prices had dumped to a devastating low (again...), I had to go right back to the middleman business to get more bullets. But that time, I was different. My faith had shifted my perspective. I wasn't just chasing a high anymore. I knew, with everything in me, that crypto was the destiny I was meant to build. If you're at your lowest right now, don't let the ego stop you. I've been in those dark times too. Nothing is "too tacky" when you are grinding to fund your vision. Whether you're hauling inventory, flipping goods, or doing the gritty backend work no one else wants to touch - do what you need to do. Tell those who try to shame you to fuck off. Because when you finally make it one day, they will all come back to you acting like they were your biggest fans from the start. The people judging you from the sidelines aren't the ones who are going to change your life. You are. Keep building. I'm right here with you.

So this is just what I'm seeing with $SIVE and the CW DFB laser chokepoint right now. From optical earnings: 1. $LITE: unexpected demand and imbalance for UHP CW lasers. - Had ability to price up ASP for lasers. - Scale up CPO on track for H2 2027 shipments, called out any CPO scale up delay rumors as noise. Lumentum confirmed timelines (that CPO players like Sivers sold off of misleading reports from), high margins, and extreme demand for qualified CW lasers. 2. $AAOI: doesn’t have enough CW laser capacity because of too much optical transceiver demand. - Not meaningfully participating in first-gen CPO deployments, with $MTSI not looking like they're in it either but focusing on NPO. Haven't seen much with $SMTC after their HieFo acqusition. - Called lasers as the bottleneck within a 20-40% demand imbalance for transceivers. - Says customers approaching them every week asking them for supply + to move faster. AOI confirmed demand imbalances + bottlenecks for lasers. And we got an even smaller pool for first-gen CPO players. 3. Both $AAOI and $LITE claimed Chinese players were years behind for CPO lasers and far behind stated claims in qualified capacity. - $AAOI said 2-3 years+ behind with CPO lasers. - $LITE said they haven't seen anything like Chinese claims in terms of outputs (and no recourse if it's false). Reaffirms moat for CPO related lasers, and no flooding from some shortseller claims on the optical sector. 4. $MTSI said that many customers are approaching them with urgency due to the general supply shortage of indium phosphide DFB lasers. Again, puts Sivers in the that bottleneck, giving them likely more customer demand . Among $COHR ($72.54B), $LITE ($66.57B), $AVGO ($2.13T): It's very special you get one of the public 4 Western CPO leaders at a ~$1.5B MC with $SIVE. Feels like my thesis with both: - The CW bottleneck that I predicted - CW laser chokepoint (where there's only a few CPO players, at least for gen-1) Got validated from earnings, now it's just waiting for the inflection points of next optical architecture shifts.