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plebiANON
plebianon@nostrplebs.com
npub13q8e...6vpv
Bitcoin pleb
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plebiANON 1 month ago
I can tell how healthy your diet is by how much your forearm veins stand out. No clue the science behind it, but I’ve noticed it. View quoted note →
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plebiANON 1 month ago
They can spy on you where ever you go without any consent but God forbid you try to film these corrupt cretins, that you pay for, carrying out sham trials and administering some of the gravest injustices ever. View quoted note →
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plebiANON 1 month ago
If we ever listen to a politician or a suit ever again about what “Bitcoin needs to do for…fill in the blank” we should just pack it up and go home. #bitcoin is perfect money. These places can adopt it or suffer the consequences. Enough of these people. View quoted note →
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plebiANON 1 month ago
Now that’s an omelette. That’s a full sized dinner plate. #foodstr image
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plebiANON 1 month ago
@npub1cn4t...3vle the answer to the question about not caring about the #bitcoin holders on your Q&A is actually a lot simpler than you were trying to think through. The simple answer is, by introducing the preferreds, you now have to pay them via selling bitcoin or selling shares because the operating cash flow cannot support it. Both of those options send the share price down because the bitcoin is worth less after selling spot BTC. You have now defeated the value proposition of the company, which was, buy our shares and we will get more bitcoin than you could have just buying spot. So, the short answer is selling bitcoin also punishes the shareholders. The shareholders get a double whammy to allow some preferred yield seekers to suck out their capital investment.