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150 sats \ 5 replies \ @siggy47 27 Jul \ parent \ on: How and why would bitcoin treasury companies become neobanks? bitcoin
I remember first listening to Saylor and he would describe how rich people never sell their assets, they borrow against them as collateral to pay their expenses.
When Saylor and his insider friends began selling mstr (they're still at it https://www.marketbeat.com/stocks/NASDAQ/MSTR/insider-trades/ ), it became obvious that they knew mstr wasn't an asset.
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86 sats \ 0 replies \ @optimism 19h
Thanks for that link, its a good one to have!
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36 sats \ 2 replies \ @xz 27 Jul
What is mstr? Strategy borrowing against assets as collateral to pay their expenses?
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143 sats \ 1 reply \ @DarthCoin 27 Jul
What is mstr?
used toilet paper
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0 sats \ 0 replies \ @siggy47 27 Jul
😀
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36 sats \ 0 replies \ @DarthCoin 27 Jul
rich people never sell their assets, they borrow against them as collateral to pay their expenses.
100% explanation for fractional reserve hahahaha and clueless people still fall for this trap.
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