Thread

What is this? Saylor finally capitulating?

I don't know. He's a fiat maxi doing fiat maxi things.

no, his liabilities are melting ice cubes too. Just illustrating how easy it is for them to meet their obligations, they did more than a year in one week of ATM while the stock is trading at a yearly low. Crushes the argument of “how can they pay the dividends” when of course they had the capital to pay the dividends, but now they just proved it.

I don't really understand but it sounds like bullshit fiat games that ordinary people can't play.

anyone can keep cash in the bank for predictable expenses

I pay my bills on payday to avoid volatility so I know my predictable expenses will be paid within an hour of my paycheck deposit. To be fair, Strategy might move the market too much if they did the same, but I don't own any stocks and am not sure how that game works.

yeah you might or might not want to invest in Strategy or any other stock for various reasons, but what they did today was sell some shares to raise cash (and BTC), but the cash portion is set aside in USD (which they never did before, they would just spend ALL of it on BTC). The reason they did that was too many people were confused about how they would pay their liabilities (preferred stock dividends) without selling their coins. And so they got rid of that FUD by showing how trivial it would be to service the debt, by having 21-months of it set aside now.

So did the cash come from profits from the software business or people buying preferred stocks? Either way seems like another case of the double-spending problem. Am I missing something?

I don't follow shitcoin strategy but I know that they have access to loans with low interest rates that ordinary people don't have. So it's all funny money. There is no value being created or exchanged. And this is why Saylor is against privacy in bitcoin and bitcoin development. He wants to benefit from bitcoin while also benefitting from fiat bullshit.

This kind of loan is a trap to keep ppl in fiat, causing they to create fiat over the thin air.

Disagree — there is a lot of value, I’d bet eventually most valuable company in the world, in converting the old system to the new. What he’s doing is saying, “I know many people don’t have the conviction in the asset that I have, so here’s what I’ll do — pay you 10 percent tax deferred interest — way better than a bank — and take the 30 percent per average year gains and take on the volatility.” What that does is hasten the transition as billions (eventually trillions) in normie money flows into BTC without having to convince them of its value proposition. He’s built a massive adapter from one system to another without which the flows would be delayed by years or maybe decades. People aren’t going to do it for the sovereign money, but they will do it for a better return. If you are against the fiat system and its nth order effects, you should be rooting for Saylor IMO, not against him.

I’m rooting for the collapse of the fiat system personally. Not interested in helping people find ways to extend its life. If his strategy is successful, fiat continues to live. It’s similar to bitcoin loans. They’re finding ways to use to Bitcoin to make first last longer.

I think the "fiat collapse" looks like the current situation. The end game is either a Great Depression or hyperinflation. It's too early to tell which one it will be, but I have 38 trillion reasons to suspect Weimar Germany style hyperinflation. From my perspective, Strategy has billions in debt that is backed by Bitcoin. The US government has 38 trillion in debt backed by a military that has not one a war in 80 years. Now they think they are stablecoin geniuses. There is real demand for them and even Jamie Dimon knows cuckbucks on a blockchain are faster than 3-5 day ACH transfers...But the plan is to increase the debt to GDP ratio. That's the type of shit that ends Republics and I'm pretty sure Saylor is smart enough to know this. I just think Satoshi is smarter than Saylor. "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network." -- Satoshi Nakamoto. Strategy relies on Trusted Third Parties. The biggest trusted third party is the USG with a 38 trillion debt. This makes Strategy an easy Honeypot for a bitcoin 6102 order. Maybe the current administration would never do this, but who knows if that will be the case in 10 years and another fiscal emergency. Strategy doesn't use digital signatures so the main benefits are lost. This is why I want to get into Cybersecurity. Strategy doesn't need to trust Coinbase. They should use MiniScript and insurance to help mitigate the 6102 risk. Anchor Watch custody for that much Bitcoin makes way more sense than Coinbase. Now I just need to convince them.

Like you said, Saylor isn't stupid. He knows the risks. And I agree that 6102 is highly likely. I don't trust him at all.