This cycle’s ’where does the yield come from?’ is going to be MSTR derivatives.
Good news is that it’s gonna break some stuff in tradfi world.
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It’s gonna pop like a zit
Let’s all play our favorite game of you are the yield!
How so? Explain it logically
I’ll red flag 🚩 everything related to Yield ⚠️ ⚠️ ⚠️
I don’t know if I can logically. Hodling is a feeling.
A feeling that saylor doesn’t understand because he obfuscates that emotion to Coinbase.
Foo alas some moss alas.
I don’t think we have the full picture on his arrangement with coinbase. He talks about going to the grave with his keys which implies some control on the coins. The multisig arrangement is like 2 of 3. 1 key coinbase, 1 saylor, 1 MSTR board. Just guesses but he’s a hardcore maxi not sure why people wish for his downfall when he’s the reason their bags are pumping
It’s a not a wish. It’s an observation of behavior.
He’s the one that refers to himself having a “Bitcoin Yield” 🚩
He’s the one that won’t do proof of reserves 🚩
He’s the one that keeps launch financial product after financial product, not supporting decentralization 🚩
0% - Zero out of 499k bitcoin in self custody translates to eventually 100% loss
Currently trading at a premium, it has the potential to play out like GBTC. Not my problem though. Mine are being dumb and poor 🙃
If you were in his shoes how would you go about acquiring maximum amount of bitcoin???
The yield he talks about is accretive yield from diluting his shares. What’s wrong with that in a bitcoin sense? Obvs there is demand for his products hence his releasing of them. If you are for the strategy then own the stock. If your not then don’t own and just be happy your bags are being pumped
I just learned about taproot asset stablecoins on the lightning network from the bitcoin magazine podcast.
It gives me BlockFi vibes, but even if it could somehow work, I have lost too many sats running my own lightning node to take this seriously.
If I was in his position, I wouldn’t be acquiring as much as possible, I would be acquiring adequate amounts and support its decentralization and security by any means necessary.
I’m not happy that “my bags are being pumped” I’m disheartened that it’s become more expensive for my friends and family to experience the true freedom that a Bitcoin UTXO in cold storage and fat Lightning channels offer. While simultaneously become more centralized.