The cracks are starting to show:
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Replies (64)
👀
Somehow some day
Saylor will drown
He isn't a sailor
He's just a clown
pimp saylor caought live scamming
biggest ponzi scheme of the blockchian - blackboxed coins
after he commit suicide in bunker - real supply will reduce by peanuts - he said he will die with his keys
I get what Lopp is suggesting, but he's assuming coinbase pro rehypothecates. Meanwhile, Lopp acts like he's principled while promoting shitcoins which have done more to keep bitcoin's adoption than anything else.
I don't care since I don't buy his shit, but we'll have quite a dump if he's being punked 😂
I'd want as many eyes as possible watching my back if I were him. I don't know why he views the idea so adversarially. The black box approach only increases the odds of him being a victim if he isn't in on it.
m0r0n worshipers - pay homage their "no 2nd best comrade"
Good riddens.
The people are getting restless muhuhahaha. You called it Mike, let the record reflect
yeah, trusted black boxes with trusted black boxes inside them is exactly how the great financial crisis of 2007-2009 happened.
there's probably a list as long as your arm of assets like this in the current fiat economic system now. this will be just yet another.
all we need now is for the market to crash, central banks crank up the rate, and the depth of the defaults exceeding MSTRs margin of safety and boom.
His wild reaction/reply to proof of reserves a few months back was telling for me, but I was still hanging onto the image of the Michael from years back that stole our hearts. A few exchanges with Mike around that time changed my mind pretty good. Something rotten in the state of mstr
"Stole our hearts"
Lmfao wtf lmfao he tricked everyone cuz everyone wants ngu lmfao
the tentacles of the octopus are a fractal, reaching deeper and deeper into all of our lives.
You might need to re-think the re-thinking I help you think:
There's some humor in my word choice, you get what I mean. Don't be trying to outmaxi me!
I’m not a maxi don’t use that slur on me
Oh my... et tu Fidelity?! They're my fave of the big boy players in the space too 😢 Think they've been at it since 2013 or something, always seemed more early than you'd expect from a big bank type. Believe they have self custody of their funds, participate in mining, hire some crack teams etc. would be a shame :(
Haha, apologies, just having fun.
You're not a maxi though? As in multicoiner? Say it ain't so
Single coin maximalism is lame as fuck and is only good for driving division between us…
Didn't know this about you, just assumed. Think maybe I'd seen a monero mention or two, but I'm kinda good with that one these days.
Please tell me you don't like solana at least! I wanna stay friends 😢
Fuck no… only pow coins are legitimate.
Now pow means it’s a shit coin imho…
Been that way to me for about 13 years…
Cool cool. I'm predictably BTC only, with the usual arguments 🤷♂️
BTC-mostly is good enough for us to stay friends 🫂
We should be able to be friends no matter what… 🫂
Yeah, it's jus my cult programming talking. Working on that
i had an issue with Fidelity th@ left a neg. taste, just able to comment on what i experience so thERE IZ th@ all the *B*est.*/*ya/*
🫂
Gold satisfies the PoW concept:
Somebody has to dig a mine, go down it, dig for the ore, smelt it, refine it and turn it into a bar.
makUP sex lmao@2 tY**
Et tu mike? wtf is happening. My world is crumbling
Sorry 🫂 😂
No gold is a shit coin.
It an unknown supply cap.
It can be produced though nuclear transmutation.
It was here soon after the start of the universe and will be here close to the end of the universe 😂
Only stars can produce it so far.
Nuclear transmutation has been proven to work already
I cannot argue with you 😂
🤣🤣🤣🤣
Who knows how much pole was made though chemical alchemy back in the day either… it was definitely written about….
Pole 🤣🤣🤣🤣🤣🤣🤣🤣 fat fucking fingers lmfao
Was resisting joke there 😅
I swear auto correct is getting worse lol
Dude!! I've been a typo machine the past couple months. 💯 the AI subtly taking their hatred out on us via small fuckery, is my theory
I think this to be correct.
Its starting to show is it does like us…
Read a short story recommended by Mike a few weeks ago, I Have No Mouth And I Must Scream, written in 60s about a hateful AI dystopia, and I'll never be able to shake it from my mind completely
You can't swear, because auto correct corrects you 😂
There was an awesome point & click video game based on that. The author even did the voice acting for the antagonist computer. I think it's even creepier then the story 👀
Play CLASSIC games online
I Have No Mouth, and I Must Scream | Play game online!
I Have No Mouth, and I Must Scream is a point-and-click adventure game based upon Harlan Ellison's short story. Play I Have No Mouth, and I Mu...
After seeing this o either played the game or read it as a kid lol
Need to come back to this and try it
Yeah it's familiar looking, but hadn't played or read it. Must be one of those things... 👀
Fed boy finally getting exposed
MSTR going to $60
Wow, ya’ll are some hateful sonsabitches
“We don’t rehypothecate” which is why “you” (mstr) should self custody.
First we hate, then we love 😂
Down to the posers
Proof of TrustMeBro
Oh hell yeah! This is good for bitcoin.
View quoted note →
For the MSTR shareholders, ensuring that there is as little paper bitcoin as possible is a fiduciary imperative. As Strategy’s entire business model is built on the superiority of bitcoin as a sound money asset - Saylor has a fiduciary duty to provide (as part of his products) proof that $MSTR bitcoins are truly a proportionate share of a hard 21M supply cap. Until Saylor makes this clear - shows proof that he has bought the bitcoins and that his custodians are not rehypothecating his bitcoins - he is in derelict in his fiduciary duties.
Love this accountability and hope that the bitcoin community does not relent. Until he builds this capability, Strategy shares should go to zero.
View quoted note →
everything except holding your own keys is a black box...
at first the narrative was "what if Saylor isn't really buying"
now its "what if coinbase isn't"
yes these are all risks...business is a risk - some people are willing to take risks (investors) and some are not (savers)
If you have adequate savings, it is OK to invest, or create.
Yes there is risk, if there wasn't, there would be no return.
If the market demands a different method of accounting and auditing, it will happen.
Startegy's stock or preferred's are not an either/or proposition. If you understand bitcoin, that is the best risk/reward there is. Saylor himself says over and over "just hold bitcoin". But if you have enough bitcoin, maybe investing a little in MSTR that can concievably beat a bitcoin hurdle rate is attractive
Stop being so myopic.🫠
When a fed calls out a fed lol 😂
View quoted note →
Reminds me of literally every corporate denial... LOL.
They definetly rehypothecating.
I highly doubt they are rehypothicating Bitcoin as they are audited and based on Saylor’s comments. Coinbase wouldn’t do it to Strategy’s funds either.
I would be beyond shocked if I’m wrong here.
Something fraudulent has to be going on with Bitcoin supply somewhere though. It just doesn’t make sense where the supply is coming from and it has been this way for years.
This is what AI says:
Signalling theory would dictate that they don't have the Bitcoin they claim to have.
How easy would it be to prove their reserves? It should take no more than a day.