FTX was a fraud because they were opaquely using customers' assets to fund investments - which only came to light because those investments turned out to be bad investments. Strategy's #STRC customers don't have to worry about this because technically, STRC isn't directly backed by any assets. That is, Strategy *could* decide to use all of its Bitcoin holdings to fund bad investments (that may or may not be dependent on BTC performance), and their STRC customers would just be SOL - regardless of BTC price. In short, what distinguishes STRC from a Ponzi is transparency; but, make no mistake, it's definitely, as @Lyn Alden put it, "Ponzi adjacent".

Nostr is amazing freedom technology! Also, if you think 200 replies a day would feel to restrictive, go touch some grass. Also, if you make 50 original posts in 1 day, you're getting unfollowed. 😉 View quoted note →

"Noobs should be able to send/receive Bitcoin secured only by ther nsec" "Noobs shouldn't have to worry about securing their nsec to use Nostr" This doesn't end well for noobs... and therefore, nor does it for the adoption of Nostr.

Now THAT is cool! View quoted note →

SO BULLISH!!! View quoted note →

View quoted note → Wow, with only the bare minumum 51 votes.... I can't help but be reminded when: 🫏

CBS News

Reid invokes “nuclear option” to get Obama nominees approved

The Senate majority leader was fed up with GOP “obstruction” changed the rules to require a 51-vote threshold for executive and judicia...

#STRC back at $100 par + #STRC monthly dividend lock-in coming this week = expect #STRC issuance to resume in full force #MSTR well above 1.22 mNav break-even cited by Strategy for #BTC purchases. Strategy USD reserves well below 2-year dividend coverage target. So, will Strategy use #STRC to buy #BTC or to repletion USD reserves? Will they raise even more capital by issuing more #MSTR for either purpose as well? All signs point to all of the above - despite recent signalling (the obvious) that they will "probably sell some of their Bitcoin eventually".

Ummm... Wut? The national debt is not at $31.27T; it's well above $38T. I'd accuse someone of trying to gaslight the public into thinking things aren't as bad as they *actually* are; but upon closer inspection, this just looks like 'news' outlets lazily regurgitating the same erroneous slop. (If the Bureau of Economic Analysis is indeed the source of this, they appear to have since taken it down). View quoted note →