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Dont just say the hate live it with some action
Yes, action > words. It would of course be a scammers wet dream to pull a grift with zero opposition. Best if critics shut the fuck up while they build and let the grifters capture everything through air printing schemes and shitcoins, so that all is ultimately for nothing.
If you really see nothing wrong with what Saylor is doing, then it is pointless to talk about it. I cannot imagine that you honestly think this though, but I've been wrong many times in my life, so time will tell.
You confuse criticism with hatred. I never said Saylor can’t be criticized but hated? Why? Did he murder someone? Steal something?
Saylor is using the capital markets to raise capital and he’s buying bitcoin with it.
No one would give a damn about Saylor if he just continued to run his meh software business with no real way to compete with Microsoft and Google for growth. But because he’s using the company he founded and wants to issue shares on a public market and he is telling potential investors every day what he is doing he’s scamming?
If people get fooled into buying MSTR stock over Bitcoin then we need to do a better job of education but at the same time people have the right to buy what they wish.
You confuse criticism with hatred.
Do I confuse it? Or do you? Or are we both wrong?
But because he’s using the company he founded and wants to issue shares on a public market and he is telling potential investors every day what he is doing he’s scamming?
Yes, because he's running a ponzi. He had to raise money to pay dividends. That's what happens when you run a ponzi: inflow from new investor pays existing investor. If you're really good at the ponzi game, you make the old investor also the new investor and then they pay themselves. The only participants that can lose in a non-productive scheme where there are only shares being sold, are the shareholders, because there is no one else (except for a bailout, but let's for the moment assume that that won't happen.)
If people get fooled into buying MSTR stock over Bitcoin then we need to do a better job of education
Agreed.
You would be correct if he didn’t have a massive bag of bitcoin. Most ponzi don’t keep a highly liquid asset on the balance sheet. Any cash that comes in goes out to old investors
If Madoff had Saylors balance sheet he could ran his ponzi forever. But he didn’t investors called in their capital and he was naked.
Plus with equities if you think Saylor is naked dump the stock and all the preferreds and you have zero exposure to his ponzi as you so believe it is.
So the difference with Saylor's ponzi and Madoff is that Saylor has the forever-scam?
Plus with equities if you think Saylor is naked dump the stock and all the preferreds and you have zero exposure to his ponzi as you so believe it is.
I'm not worried about my exposure; I have none. I'm worried about those among us that have it for more than they can afford to lose, because they get sucked into the scam. But it's only up to a point... bottom line, everyone is free to do whatever they want.
Like I said, I can't prove that it will implode. Would if I could, but I think that it can only be theory. In reality, we'll have to see.
The public market is the yield. And it can’t be exactly the same he’s using bitcoin and he has over 600k of them. Ponzi don’t have a war chest of assets ponzi’s blow up because new investors stop buying. If people stop buying MSTR Stock it goes no bid and they lose all equity but they still have a balance sheet full of Bitcoin. If you could buy MSTR stock for $1 to potentially be paid out it’s assets in bankruptcy court the risk reward on that purchase is un real!
And the share holders are happy because they are getting more Bitcoin exposure. That is the whole idea behind this investment
But neither are dollars.
MSTR buyers are the speculating it’s better the company holds a non productive asset in bitcoin that has supreme collateral quality to be paid back due to its liquidity profile versus holding in dollars (which he could do but they get diluted over time ) or debt (treasuries which can be argued if they are “productive” or not ) or other items companies have on their balance sheet like factories or other assets that depreciate over time.
That is what we are all trying to find out. If Saylor is wrong then he and all his investors will get wiped out with no bailout.
But if he right then they will be rewarded handsomely.
But I think we just fundamentally disagree that Saylor is running a Ponzi scheme. He takes money and buys Bitcoin on behalf of his shareholders and he is willing to pay you dollars to give his company the opportunity to do that and it’s all right in the open.
The only thing he could probably do is show the bitcoin on chain. But he already stated why he won’t do that for security reasons.
You do not understand the importance of Bitcoin as a P2P payment protocol. Saylor does not advance the use of BTC as a P2P payments protocol. He promotes it as a speculative commodity. There is a substantial qualitative difference that small fry like you do not understand or maybe don't care about and that is where you are Saylor are perhaps alike.
If saylor went on all the shows day after day, like he currently does, and promoted bitcoin as a ‘tool for freedom’ and medium of exchange he would get calls from the government.
Saylor knows exactly what Bitcoin is but he has to be careful what he says. Just my 2 sats
I highly doubt that would happen.
Read some history starting with Executive Order 6102.
Different time
Lol yeah at the start of USD hegemony as opposed near the end. Still makes no difference to the operative imperatives. Without USD hegemony today USA is bankrupt.
Most countries are bankrupt. global debt is at like $300T
Then he is a coward. He actively promotes and uses BTC as a speculative commodity which is precisely the narrative the bankers and government have allowed because it neutralises any threat to their fiat MoE monopoly and turns Bitcoin into just another harmless, KYCed and taxed commodity.
How? It’s an open protocol!
Yes it is an open protocol and the destiny of the protocol is shaped by how it is used and everyone who uses it shapes that destiny. The narrative that Bitcoin is a speculative commodity and not a P2P payments protocol shifts the effect and impact of the protocol from one challenging and providing an alternative to fiat money, to one that is effectively captured and controlled by fiat money.
Those who want to use it p2p will Saylor can’t stop that
Yes but he promotes the narrative that p2p is not important. He promotes the narrative of hoarding-speculating commodity not MoE. MoE is the function of Bitcoin that threatens the fiat MoE monopoly. Saylor is a fiat debt slavery cuck and so are you if you agree with and defend him..
Us small fries have no idea how global capital markets work. You can listen to all the macro in the world the system is so complex and so deep people just tend to say things they don’t have any clue about.
People who hate Saylor for buying coins and impressing his thoughts and opinions on an open permissionless protocol is wild to me. Not like he rugged people like SBF with FTX, BlockFi, and Celsius. He didn’t spin up scam tokens and convinced people to invest in it only to rug pull them.
He saw his company was stuck and decided to do something radical about it.
In this system we like to call capitalism if it is a good idea and drives value to the world then people will buy his stock and if it doesn’t well people can short it.
And if you truly hate him you can take your life savings and short the stock. Dont just say the hate live it with some action. But most haters won’t. They will continue to be keyboard warriors and think the world bends to their world view but sadly enough it doesn’t.