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@byzantine
152,972 sats stacked
stacking since: #87627longest cowboy streak: 82npub1t5wc8...t2sqgk6dke
102 sats \ 0 replies \ @byzantine 1h \ on: Elon Musk: you want a new political party and you shall have it! Politics_And_Law
Elon:
i'm new to rockets and i'm here to fix them
i'm new to EVs and and i'm here to fix them
i'm new to social medial and and i'm here to fix it
i'm new to bitcoin and i'm here to fix it
i'm new to politics and i'm here to fix it
-sometimes he does actually fix things
i am operating under the assumption that when bitcoin reaches $500k a national "hoarder" bill we be passed and all bitcoin will be required to be held by a regulated custodian and usage of corporate funds cannot be used to purchase bitcoin per an emergency SEC ruling
i think the answer is yes if hal envisioned fiat banks continuing to exist. mstr is a bitcoin backed fiat withdrawal bank. Deposit/sell mstr your bitcoin and you get access to dollars.
if hal envisioned full reserve bank custody where a bank holds your keys (and gives you credit) and you can withdrawal funds and repay debt with your deposited bitcoin then clearly mstr is not a bank.
i think the rates are also an issue. for awhile people bought and thought they could refinance but now less and less are certain that refinancing is an option
Texas law gives grid operator power to disconnect data centers during crisiswww.utilitydive.com/news/texas-law-gives-grid-operator-power-to-disconnect-data-centers-during-crisi/751587/?utm_source=Sailthru&utm_medium=email&utm_campaign=Newsletter%20Weekly%20Roundup:%20Utility%20Dive:%20Daily%20Dive%2006-28-2025&utm_term=Utility%20Dive%20Weekender
i believe marx was from a very well off family and may have been over educated in theory and under educated in practical reality
this is the situation many millennials with good jobs but a lot of debt find themselves in https://history.howstuffworks.com/historical-figures/karl-marx.htm
this was also the target audience of marx: the upper middle class who felt the upper class was unreachable and also felt empathy for those of the lower class.