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SHITCOINS 🤣🤣🤣
🤡🤡🤡
Even the bitcoin they bought is an erc 20 token...
Fucking grifterrs
good from far... far from good
Shitmouth about shitcoin.
🤡🤡
I guess everything is bitcoin really. If it's the unviversal medium of exchange then everything can be exchanged for bitcoin so everything is bitcoin. I win, checkmate, game set match.
🤦♂️🤦♂️🤦♂️
Does Bitcoin care tho??
SURPRISED?
nevent1qvzqqqqqqypzpwy9rgrdl4uafr7ry535590f534r9gyc92prk4xdlqj3fwd3yzapqqsta870z3ksyt8nkt04drc33n4w0wdq0qy3krhmyn0krfwuxx6scvqua99gr
It's as bad as it looks.
Should we tell him?
Shitty shitcoiners 🦅
LOL WBTC the participation trophy of Bitcoin, Saylor grasping at straws, until BitGo releases the UTXOs it ain't no BTC
The difference a single W makes. Turns the whole thing into a major L
A shitcoin will always be a shitcoin.
Don’t waste your time and energy on it.
Gay
Wbtc lol total shitcoiner
Tomatoes tamatoes…..
Common thoughts from a common name
Yeah that doesn't count
EVERYTHING IS BITCOIN!
Somebody should ask Saylor what he means when he says…
“There is no second best.”
There’s Bitcoin, and then there’s everything else! Not everything will be redeemed for coin. Some shit is just dirt.
Farmers need dirt to grow food, and will buy it with bitcoin, ergo dirt is also bitcoin: checkmate
Not even real Bitcoin. We are witnessing the shitcoin-phase we all have been through.
GuttenTag!!
Enjoy your win
✍️🍿 Directly from the new President and his Maxi Sponsor, Saylor:
"Shitcoins = GOOD" 👍
"#Bitcoin = What is that?" 😮💨
it's very disappointing 😞
I have reply guy-ed you in the past regarding Saylor. Today I cannot defend him. Fair play. This is bullshit.
They bought ethereum. Can someone tell that gigachad what they bought. He sooooo smart he called wbtc bitcoin when its ethereum what the hell i thought he was smart
♾️/21M
If wBTC really is BTC locked up in a smart contract, I'm actually more comfortable than most with this being "real".
There is some utility in being able to do everything on a single chain from a single address. I still think it's gross and they should have bought real Bitcoin, but I'm vaguely open to being proven wrong
Pathetic
what do you mean by “doing everything?” what more do you need to do besides use freedom money and save that value sovereignly over time? the only other “thing” you can be doing is shitcoining and rugging on a centrally controlled chain.
what would you expect from a company that launches memecoins of Trump family 🤷
*wrapped bitcoin + many shitcoins
😂 wtf Saylor
The irony 😹
CHILDREN IN SUITS
Sad
Yes. Those other things.
I'm not saying I approve of that other stuff. I'm saying if you wanted to do "all of the above" (including buy BTC via shit chain) then it makes strategic sense to minimize chain operations and use a single (ethereum) address.
Also: I can be a Bitcoin maxi while also accepting that Ethereum isn't a "centrally controlled chain". PoS is inferior to PoW for the purpose of building sound money, but Ethereum is still decentralized.
Good one
That’s not Bitcoin. If Saylor thinks that is Bitcoin, what has he actually been buying.
I'd argue that there is less utility.
but more than 47M in shitcoins
Why is that?
Serious question. What chain does @jack mallers #Strike use for it's #tether integration? #Liquid? #ETH? I honestly don't know.
I have LONG noticed we have different standards for our 'heroes'.
People who think in polarities (black and white) tend to be bad judges.
And full disclosure for those same people... I threw up in my mouth a little when I read about the wBTC purchase.
High time preference. High time preference everywhere.
🫡
Imagine Saylor had almost half a million wrapped shitcoins. 🤣🤣 Plonker!
Wild times
the Ethereum Foundation has literally forked the chain in the past to “undo” transactions they didn’t like. it’s a centralized chain lmao.
Observe what they DO not what they SAY
What the heck is wBTC??? 🤨
So… Mikey, ya see that w at the beginning of the BTC right there…
Open source software forks. That's kind of the point. It's up to the users to follow or not. You know Bitcoin has done the same right?
Because why would you want to swap out of bitcoin? It is pristine permanent capital. There is no reason to trade it.
Not a great take by Saylor but then again he’s comfortable owning ious.
HAS MSTR BEEN BUYING wBTC THROUGH COINBASE THE WHOLE TIME?!!
I think this could be game theory. It’s going to confuse a lot of people and nations and give the US more time to buy or pass a bill. Maybe. Just maybe. But I’m biased
All shitcoins. I can’t see bitcoin on the list.
🤡
For liquidity in a bullshit casino where you hope to 10x and then swap back into even more Bitcoin?
I'm not saying I recommend it, but it's not a foregone conclusion that it's the root of all evil.
You might equally say to Saylor: "why bother with all this equity and dollar shit, just buy Bitcoin with what's in your pockets". This isn't to say that Saylor is the ideal model, but maybe you see my point.
Fun fact, all forks are open source. Spoons as well.
Shit who could have seen the grifters grifting
Hopefully gets community noted.
I don't understand Saylors agenda …
They didn’t buy BTC. They bought a lot of token vouchers to redeem BTC that hopefully they will exercise.
Wrapped BTC. It’s a shitcoin representation of Bitcoin on the ETH blockchain. Some other institution takes real Bitcoin and gives you back terrible wBTC
if you can’t see the difference between a foundation controlling and pushing the soft forks through vs. the way Bitcoin consensus works (i.e. Blocksize wars) I don’t have the time to convince you, sorry.
This is both my hope and fear. The Shitcoiner-in-Chief is going to cause many to FOMO into shitcoins. This might stave off the price of bitcoin from rocketing just a little bit longer, giving people more time to stack before then.
Not different, really, from what Microstrategy itself usually buys... 😅 🍿
I don't even disagree with the sentiment of the first half of your comment. I'm just trying to see the silver lining of "it could have been worse. there could have been no wBTC on the list". but i completely admit and lament that it could have been WAY better.
Saylor is useful for now and I can appreciate that. When he starts to become anti-useful (which I think will happen when too many normies start paying attention to him), I'll re-evaluate. This tweet of his isn't helping..
Out of curiosity.. does Microstrategy do proof of reserves? 👀
Do you have any issue with the fact that the "investors" are "exposed" to bitcoin but this may disincentivize them from actually buying and custodying bitcoin themselves? and thus helping to normalize "deriviative products" or their nearby cousins?
Many bond investors are prohibited from buying equities and commodities, so no issue with that. Anyone who can own and self custody should, but there is so much capital trapped in the tradfi system that ETF's and bitcoin equities are the best option for many and it is a scaling solution. UTXO's are king but they are not for everyone, especially with transaction fees rising in the future.
It's an NGU solution for sure. And NGU is good for adoption (in some ways)... But is it a scaling solution for properly decentralized and properly custodied Bitcoin?
Or does it set up the exact opposite incentives?
I would be mind blown
I see it that way. I'm very much a proponent of the deflation angle.
My worry is that Jeff's "bitcoin just needs to remain secure and decentralized" warning gets undermined if there is too much "derivative bitcoin" activity in the future.
I hope as long as mining and node-running remain strong, it matters less who holds bitcoin and in what derivatives.
I agree with you here about UTXOs and the fact that they will (eventually) be out of reach for most. In a hyperbitcoinized future, the average person would get a handful of onchain transactions in their entire life.
I see a big difference between proper layer 2s, layer 3s, ... layer Ns and derivatives though. Hopefully this is just a temporary transitionary phenomenon. Might be on us to make sure it stays that way and doesn't entrench.
Wut…. 👀👀🙀
Nope
👁️🤮👁️
Oh Lord who convinced them to go with wBTC 😂 The rugpull will be astronomical
Owch
Either die a hero or live long enough to become a villain.
Would be absolutely insane dude! How can he possibly tweet something like this?
Bro… the man is an absolute wild card
Seems like 100% shitcoins to me.
you are damn right 👍🏿
I am prepared for my hero’s to become villains. But for them to never have been a hero in the first place. I would be impressed
Yeah… that would be next level. I just can’t believe Saylor would be that stupid… unless he’s being engineered to take the fall in the next bear market.
The people lobbying are focused on promoting their own platforms—this is politics. Michael, on the other hand, is simply trying to educate them about Bitcoin, a powerful tool. However, in reality, things aren’t strictly black and white; there are nuances and complexities.
Let’s see how that works out 🤣