Outdated information and straight up wrong technical knowledge. Another one that was in the readings “in pow a 51% attack cannot add fraudulent add fraudulent transactions to the blockchain” lol

The dems are becoming the bigger voice to release the files now lol

WBTC lol?

Do you get the money up front for these or do you just spend on it and not pay the balance?

His flip flopping on things like this makes it where I’m not gonna be surprised when he does a 180 on bitcoin support lol

While points inflate at wildly high rates the USA companies give bonuses out like no other. It can be an effective way to travel for free.

I am interested in seeing more BTC “cash back” products come to market once I’m out of a travel phase in life

It’s a free market. When you consensually understand the service your getting is free in exchange for some sort of ad or data monetization model that’s just economic choice

What 0% loans you getting?

There is a pyramid type of structure to the business in the sense the success of refinancing requires there is investor interest in the model in the future.

I think a better mental model is a Flywheel. When BTC is going up the business and strategy will scale considerably.

If BTC goes down it’ll be interesting to see how MSTR can weather the storm. In general tho assuming BTC doesn’t go to $0 they should be able to delever and pay for things by diluting common shareholders and if no one wants to buy more shares the bitcoin could always settle debt and obligations.

IMO for the model to fail it probably means something went significantly wrong for bitcoin. Their business could likely absorb 1-2 year bear market cycle without becoming forced sellers

Except madoff was committing blatant fraud and was insolvent while MSTR and associated instruments are rather transparent in what their strategy is. Every investor in MSTR generally knows and wants MSTR to acquire more BTC by issuing more shares and other instruments and accepts the risks.

True but in general that’s still kinda pricing in dollars with just an fx conversion. Also in a years time it might be 500 sats

Yea likely a discovery issue of them knowing about it

The preferred shares is basically an instrument that is moving fiat money from the future to buy more bitcoin in the present. If you think BTC will cagr at a rate higher than the dividend yield then it’s gonna be accretive to MSTR shareholders

Also each preferred share has an ATM on it so instead of issuing new MSTR shares to buy bitcoin they can ATM prefers to buy more BTC while limiting selling of MSTR stock

Most interesting thing here is the yield on these shares could hypothetically be more secure than essentially any other fixed instrument. One could argue they should be at the US treasury rate yield which basically doubles the price on the preferred share.

Imo long story short MSTR is gonna be the biggest company in the world and essentially a bitcoin bank in the future. Will earn yield on their BTC by lending to things that need bitcoin liquidity. Could lend to companies leveraging protocols like Lightning or ark etc.

Stacker news kinda sits in between a normie site like Reddit and a super cypherpunk social media like Nostr

Time is scarce so I guess the Nostr folks seem to enjoy that experience more and like the “self custodial” feel to the platform although the UX here is better imo (since it’s technically a centralized company with some decentralized features like bringing your own wallet)

People on Reddit probably don’t know about it and maybe eventually will migrate once they understand bitcoin better and realize the better product of earning sats for posts vs upvotes

Mine is probably taking advantage of some fiat incentive things like credit card bonus signups. In a way it’s free money and can use the incremental savings to stack more BTC while enjoying doing things like travelling

Yea it’s hard to actually price in sats overtime as btc monetizes. Hypothetically as we reach the top of the S curve it will become more clear to view prices in btc terms over years with slight deflation vs today’s fiat inflation

Tiger Cats PSG Dodgers Phillies 19

Yes, discount to purchase price to account for downside potential of crwv stock trading down resulting in a lower implied price since stock deal is fixed.

Alternatively if crwv goes up Corz is worth more than the ~$20 implied price today

Max to Mercedes and Piastri to Redbull?

Rare (previous) star player for (previous) star player trade

He and Sam Bennett are polar opposite players lol