@denlillaapan 's latest BM article made Zero Hedge. I just scoured the whole thing and can't find the Stacker News plug:
No mention of his good buddy Siggy either.
pull down to refresh
pull down to refresh
@denlillaapan 's latest BM article made Zero Hedge. I just scoured the whole thing and can't find the Stacker News plug:
No mention of his good buddy Siggy either.
i meaaaan, its just this piece from BM, which I diiiiiid post to SN: #1081555
Oooooh wait sorry, you're right, its the 21energy article - and I diiiiid forget to SN plug that one
It's quite a piece. I lost interest half way through unfortunately. Happy to stick with pure BTC.
In all seriousness, I think he did a hell of a job. If you listened to Bailey try to defend himself on SNL a few weeks ago, he was incredulous when @Car even suggested that there might be a downside to bitcoin treasury companies. The article presented both sides well. Also, @denlillaapan (never one to miss a link to another article he wrote 😀), brought up the value of debt under a fiat system:
https://www.soundmoneydefense.org/news/2025/05/14/the-logic-of-debt-under-fiat-the-student-edition-000615
This is a fact I learned early in life. I know I have discussed it on SN before. Stackers generally loathe the idea of debt, but if you're forced to play their game, you might as well play it to win.
It is in this same sense that I conceive of Bitcoin Treasury Companies. They in fact hasten the end of the fiat system. It "exploits the flaw" of the fiat system that money is created via debt.
And if that money is being used to buy Bitcoin it creates a feedback loop that is positive to Bitcoin and detrimental to fiat.
Note: I know that the specific "debt" that Treasury Companies use is not the same kind of debt that directly creates money as in the banking sector....however it does so indirectly. In fact, its interesting that the large institutions that are closest to the money spigot are in fact the same ones who are most interested in the slew of financial products Saylor is offering.
You make a good point. I still can't bring myself to go near strategy or any of the other treasury companies, but his linked articles reminds me of my younger days borrowing money to buy what I considered hard assets pre bitcoin. Even during covid, those SBA 30 year 3.5% loans were too tempting to ignore. I am more bothered by Saylor's attitude towards self custody (despite his bullshit ex post facto explanations) and him seeing bitcoin as an asset rather than money.
I disagree with a fair amount of Saylors "philosophy" as well, but I think thats the great thing about Bitcoin. Ultimately the shared incentive system is what binds us.
Whether or not he intentionally wants to hasten the destruction of the fiat system, that is the long-term net result.
To that end, the most pressing danger of fiat money games is that paper bitcoin winds up being rehypothecated. However, this is a case where Saylor has huge vested interest to not permit that. If all his fiat purchases are not resulting in higher bitcoin prices then he fails.
Hahaha I feel yah, its long af and pretty detailed.
Tldr, I arrive at the same place: Ignore the games
The real signal is in the comments section
Hipsters on ZH alive and well
I thought ZH readers were more based than Hackernews folks on this issue. Ah well
eh lots of gold bugs and gold is in many ways the original shitcoin
In an electricity grid wipeout scenario, would the farmer give you a gallon of milk for your gold bars?
Bitcoin is not a prepper thing, sheesh. If it's apocalypse you're worried about, stock up on fuel, food, and ammo.
Yea I assume these takes are just masking by guys with their entire net worth tied up in cases of vienna sausages and manwich
I missed those!
He has always been in a different league from the rest of us
Man, these words. Toooooooo kind
Well of course he wouldn't want to plug stacker.news #1063670
AGAINST MY NARROW FINANCIAL INTERESTS lolol yolo
Interesting. Follow the signal
👏👏