platypussi, actually

I'd like some wake up juice, ser.

This is fun. 🤩 I used to have IconMstr on Windows95. Loved that program. Created hundreds of 32x32 icons I could swap with the recycle bin or desktop icons.

Love it. Can we do more nazi words?

I've got such a growth mindset I even grow at night.

Nm, but I'd pay good sats for the picture. Could you get a guy with a hat and a gun reading it on the street?

I live in the Europes.

So, people in Austin buy this where? You got photos of some random Texan cowboy in the wild reading my Bro Smoking? Plz sned.

I just read off the AI that the shortest duration was 5 years and they basically forced the creditors over into long maturity government bonds at lower rates. So in 1939 the first mefos came due and Schacht got fired and replaced by a more compliant nazi.

I highly doubt this. You have a source on this? If I was a bond holder I'd be extremely concerned if not outright infuriated if the maturity date on my bond wasn't met. This would rugpull the entire market. I'd say the time 'they weren't' was the time the maturity was first postponed.

How would you feel if you made such an investment and they'd announce the postponement? I'd immediately know it was a scam from that point on.

But as an investor in these MeFo's, wouldn't you feel totally scammed once they pushed the maturity dates? I mean how many of those MeFo's were redeemed? If you only get 4%, you're gonna have to wait 25 years to merely gain the principal back. I mean what was the redeem rate? Ten years later the German empire was busted. Sounds like you should have better kept your Rentenmarks.

Haha lol. It's been a while since I coded on Bitcoin. Yeh, very very very very small chance, right? Like one atom in the entire universe? Who knows... Maybe the gods of chance were favorable and you had a brute force miracle on a glitchy computer. Let's just send it to Naka, k?

Hitler put his fingers on his chin, and with a pensive look said, "So you're saying that if our loot rate is higher than the mefo M2 rate...we're good, right?"

Schacht nodded and they high-fived.

Oh, what a wonderful plan our top Jerries had concocted on that sweltering day in the summer of '34. What could possibly go wrong?

Yeh, but the jig is up once the people will redeem, no? What if that 4% doesn't cover the mefo inflation rate (at a later stage)? This all sounds quite unsustainable in the long run.

yes, wouldn't this be a much better idea than to trust some other random address someone probably might hold the keys of?

What I don't understand is that 'it didn't lead to inflation'. No, the Reichsmark wasn't inflated, but the MeFo bills were, right?

Wikipedia also says that the maturation was constantly pushed into the future so that nobody would redeem for 'cash' (though these MeFos did circulate between companies as payment medium).

I am sure there must have been some kind of impact from this kind of fiat/assignat equivalent.

Anyways, cool story, great title.

Thank you, go ahead.

Here's the better image without that black triangle above bro.

I didn't say cycles were over. I said I'm open to the idea they might be over.

I.e. I'm assigning a probability that this time it will be different.

Maybe. I doubt though it's gonna play out like previous bear. Treasury companies and ETFs are still sucking up >2x the supply. I'm open to the idea that the cycles (as we know them) are over. The fact that this bull run has remained tepid, bolsters my belief. But if exuberance returns only then I'll expect another bear. Yet price action remains mellow currently.

I don't know why people keep on saying that MSTR is a ponzi and have such distrust in its chairman. It sounds like you guys are in the Anarchist Monotheistic Church of Distrust or something. Saylor is only exposing how ponzi the fiat system really is.

Basically you can give creditors a 10% annual perpetual dividend and still win on your investment, because you invest it in Bitcoin, and US dollar money supply grows at an equal/higher rate (ignoring Bitcoin's growth in adoption).

Microstrategy isn't by any means undercollateralised and only has a debt/equity of about 25% (which is lower than most top NASDAQ stocks).

Note that the converts are offered at a premium. These transactions are pure profit.

So what people mean when they say 'pOnZi' is that they can't fathom why there's a multiple on NAV and thus believe $MSTR is overpriced and are very scared to invest in it (and frustrated they missed out).

In the worst case scenario, MSTR will draw down to NAV. And if it's beyond worse, then the cynics should def buy the stock. But none of you were there when the mNAV hit <1 last bear.

Yes, this book is about fiat.

I had it added to bitcoinerbooks