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10 sats \ 8 replies \ @denlillaapan OP 11 Jul \ parent \ on: Saylor's Latest Strategy: Raising Funds to Pay Dividends econ
My sarcasm is amazing, true. But I mean that the products are, and that the org running it is Ponzi.
So I guess, yes, that's what I'm saying
So then you're not sarcastic but serious.
Explain why you think it's a ponzi?
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Literally in the article above.
If your "returns" depend on raising capital from new investors to pay the old ones, you're literally a Ponzi.
Sandstedt's article at BitcoinMagazine lays it out well
https://bitcoinmagazine.com/bigread/the-bitcoin-treasury-companies-bubble
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They also make money on software, so if the only source of income was new investors I'd totally be with you. I think they added that clause because dollars are normally fungible, also the holders of preferred shares are treated as more "first-class shareholders" in many settings.
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True-iiiish. Sodtwar business makes moneyz but it's almost nothing in comparison
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You can't explain it in your own words?
No, sir, it's financed through Bitcoin increasing in value.
I.e. you borrow at lower rates and invest it in something with a higher return.
That's the same way banks operate, and they're not ponzis.
This is also how corporates borrow money to invest in a growing business.
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I've posted like seventeen SN posts and written+published at least two in-depth articles on the topic, and you want me to "explain it in my own words"?
Get out of here
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So, you're avoiding the discussion then? Strong case you must have.
Explain to me in simple English how it's a ponzi.
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No, idiot. I just did — above, and in print. Go read that.