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?
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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.