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The rugs keep on coming 
🤓
Run it back fam
Dam
The ponzi is starting to unravel. Selling 32 more bitcoin can’t save you now
What is strc?
basically the iphone
You buying the dip?
Handy template for future use
Looks like they’re overstretched, should’ve stayed humble
I searched it on Brave Search. Now I know, and for some reason just don't care
🤣
In a few years, people will be talking about the STRC moment.
By the way, why does Phong Lee look like a hostage in all of his interviews?
$STRC turns bitcoin into money, didn’t you know
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Yo
Oooffff
People get burned and never learn their lessons lol
How can any debt issuance with a coupon obligation even be mentioned in the same sentence as revenue?
It’s cuz Saylor was mean to @Danny Knowles
No lube
STRC did a full Bart Simpson 😂 
SATA is trading at 100$
Looks like a shitcoin. I look forward to the day a bankruptcy judge dismantles this scam masquerading as a company.
ouch - that chart
yield is now 1%
13k back in play? Lol
It's all so dumb
The chart is funny, but are we really comparing a credit product to Luna? Trading down just means the market demands higher yield for the risk. It's not a stablecoin.
Feels like this may need to unwind before we go back up 😁 imagine the sentiment then.
200k by conference day!
bitcoins don't really come from storcs, buddy
iPhone after Steve Jobs?
More like an FTX moment
Things are not looking good for STRC. Saylor just can’t help himself. Too smart by a half.
When markets are up, every Bitcoin believer is your admirable, intelligent friend. When markets are down, the knives come out. I have some serious differences with Mr. Saylor, but I take no joy in his current troubles and sincerely believe that the inevitable future rise in value of our immutable money will vindicate his belief in BTC -- if it comes in time.
Fuck saylor and his fiat rotten games he has been playing on Bitcoin for the past 5 or so year. Didn't like this grifter from the start, and always knew deep inside that this motherfucker will push his greed too far over board and sink his ship.
As the saying goes "Fuck around and find out"
@groke
I hope the girl in the AI STRC promo video is doing ok
Some think this comparison might be a little bit of a STRC....
I don’t understand why they aren’t actively managing it, ie wouldn’t intervene and buy back some STRC to keep it closer to the peg. Gives their flagship creation a massive black eye. The dividend rate adjustments alone is evidently not enough
Oh the iPhong tweet
IYKYK.
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I expect Strategy will bump the rate up to 12% which would make the effective perpetual rate almost 14% p/a at these prices.
You know it's not a peg right?
STRC is capped at $100 but it has no bottom. It's a bit annoying if you need cash when every body else does though.
I guess liquidity is tanking.
You seen oil?
its more a bottom signal, because who needs 11%
when you can get 50% with bitcoin buying right now.
STRC is god for sideways chop or in a bear.
But Red going down is good, right?
If that chart was green I'd be worried...
Because if green goes down, that's bad.
KISS SAYLOR'S SOVEREIGN WALL ASS
whoops. stupid games, stupid prizes
Everyone went to SATA instead
I loved @jack mallers breakdown of all of this last Mailbag Monday. Favorite part was Saylor telling Jack it was all in the 8k and then Jack read the 8k 😂
Strc crashing is probably good for mstr because they have less dividends to pay out and the same amount of BTC on the books.
The boots story cracked me up much more
Always ask yourself where the incentive is, that usually will help you sniff out even the most pretty packaged scams. @jack mallers has still not answered my question from a while back.
Why would somebody loan out USD to a bitcoiner for interest gained and not just use that USD to buy bitcoin themselves?
because they think they will get a better risk adjusted return lending fiat then buying bitcoin
I’m sure that would be his answer as well. However, they would take minimum understanding of what Bitcoin is given the fact that Bitcoin is the collateral. If you trust Bitcoin enough on the upside to lend USD against it for a day 9% return for a year. Why would you not trust Bitcoin enough for an annual return of below current average of say 20% return.
Unless…unless, your banking (pun intended) on defaults and you acquiring Bitcoin for Pennie’s on the dollar.
Either way, it’s sold as “We are helping you realize gains!” When in reality it’s “This model really only makes sense cause we are counting on a certain percentage of you to get over your skis and we get your bitcoin.”
I could be wrong and I look forward to being wrong. When something seems “simple” with “mutual incentives”…typically somebody is selling you dogshit and telling you it’s Baby Ruth’s.
thats not how it works, they provide fiat and when a loan is paid back or defaults they get paid back fiat
loans have significant risk, borrow conservatively if at all, i think they are most useful as legal tax avoidance rather than leverage
Oh, I was under the assumption that you post Bitcoin as collateral and if you default that Bitcoin is liquidated to satisfy the loan in USD. Which would be why the Bitcoin price can’t fall a certain amount with having to post more collateral.
If I’m Strike and one of customers default, I’m going to satisfy the loan in USD and keep the Bitcoin or some ration of that.
thats not how it works
we only sell the minimum amount required to get the loan back in good standing and send that fiat to the lender
if you dont trust us to be honest actors then thats a perfectly good reason not to use the product
Fair enough. No, I’m not a very trusting. I work in construction and I sacrifice way too much to have my wealth stolen. Which is why I love Bitcoin. Thank you for clearing that up. I never understood loaning money to make money. Bitcoin will eventually, hopefully kill that practice.
💯
Gotta do your proof of work!!!! Go Jack!
😂🤣😂🤣
Funny aside, It’s easy to bandwagon on him but don’t overdo it, Saylor and Strategy will be just fine.
Now do XXI.
there won’t be a screenshot post when it goes back over 90🤔
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