MoE > SoVMoE > SoV
I'm curious when will Strategy recognize Bitcoin is money and not someplace to pack as much fiat as possible.
Even the idea of "digital real estate" is not convincing because the best real estate businesses sell comfortable housing for families, not a place to pack your multi-billions. That would be Pablo Escobar's advice (literally. The walls were made of money).
Will Saylor wait for the Fiat Banking cartel to squirrel him into a death spiral ? Or will he finally swallow his ego and his STR-sales mania for acquiring bitcoin (while selling free money with zero real world productivity. Pretty Ponzi) and now try to acquire good real world businesses using his Bitcoin hoard?
Eventually, Bitcoin is money and he will have to buy something real with that hoard. Otherwise, STR bitcoins will get a bad label. At least when concessions are made, houses can be stayed in.
What of digital thingys nobody can touch? Saylor thinks he'll just ride the NGU from other people's hard work propounding the MoE side of things?
Why that's proposterous. Very selfish of him.
I know, right now is not the time, but I'm wondering when the tables will flip to a sensible model by Strategy and what might need to happen to do that.
Bitcoin becoming legal tender in the US?
Powell printing galore?
What should we look for?
How much runway do fiat shenanigans of printing and fighting protracted wars have?
What is the average society tolerance for bs as measured in decades?
Thanks. Let's discuss.
Strategy is a company based at Wall Street, which is run by fiat. Expect to recognize bitcoin as money is not just naive, it's a complete waste of time because they're not helping anyone except their stakeholders.
Expect to recognize bitcoin is the equivalence of ask a tree to give you meat.
Who cares? US is not going to help any bitcoiner.
Who cares? Powell is nothing with my sats, it has no intervention.
What should we look for?
To be better every day, stack sats and stay learning more everyday.
Like...a lot.
The tolerance is high, giving them attention is even worse.
why do you care about Strategy? Is a fiat company that do not help Bitcoin but the State ...
FUCK'EM - GIVE THEM NOTHING!
If the world suddenly and quickly adopted Bitcoin for "medium of exchange" and everyone all of sudden "wanted to use it..."
Then 21 million divided by 8 billion would be 0.00262500 ~ 260k sats or around 250$ today per person.
See the problem with that? The world isn't '2 trillion of stuff' it's '400 trillion'...
Taken another way 400 trillion of "value" divided by 21 million...
results in ~ 19,047,619$ per Bitcoin.
If you thought Bitcoin would appreciate anywhere near that much in a single Human lifetime... you might be reluctant to 'spend it'. Which Saylor is because MSTR is highly leveraged.
ALL cryptocurrencies have this problem. The more they are adopted (because their supply is fixed) the more they are valued... and the more valued they are the more they 'go up' disincentivizing people to spend them IF they have inflating money instead.
Bitcoin is a 'digital capital' or 'digital collateral' YES you SHOULD USE IT LIKE CASH IF YOU WANT TO...
but logically it's like spending part of a fixed-size building or a piece of land rather than a 'currency' that's printed up out of thin air.
Interestingly though, by printing up STRK, STRC, etc Saylor is making the debt market grow faster than Bitcoin.
And what if governmensmts start offering bonds in exchange for Bitcoin? Who tells Saylor he has a monopoly on his evil genius plan?
Basically It all comes crashing down. Probably faster than 40 years as @035736735e said which will be a relief.
It's a self-defeating idea.
If the US government ever started offering bonds for Bitcoin or vice-versa...
Fiat and the bonds that back them would be toast.
It's why the (US) government doesn't offer gold-backed bonds. Because all the OTHER bonds would become practically worthless.
Of course, right now, it would signal that Bitcoin is better so maybe people would have the sense to stash Bitcoin instead.
However, if Saylor has paved the way (he is literally thinking of crearing a currency. Go to timestamp 31:30
) and other governments follow suit, it will be a nice way to phase shift and capture the Bitcoin hodler narrative while fiat remains currency.
I guess at that point we'd be toast, not the US government.
Stacker News is such a bubble.
Outside of Bitcoin circles like Stacker News...
99% of people have no idea how Bitcoin works, how to accept it, where to 'get' a wallet they know absolutely nothing 99.9% of people have never heard of Lightning - necessary for widespread adoption.
One day maybe in 10-15 years Lightning will be relatively mainstream but that's not today.
Medium of exchange is held down by the incumbent system. Store of Value is the adaptation that makes bitcoin resilient in the face of a defensive response. Medium of exchange is coming, but you have to be patient.
Saylor isn't going to sell that pitch though, why would he? Why does he need to? Why do you think you know his private thoughts? For all you know Saylor is here on SN.
I hope he is so he can try to answer for when his shenanigans will end.
I want to know his actual plan, the one grounded in real engineering principles and not that rocket engine I saw (looked cool, but I'm not here for fads). Don't give two sats for his private thoughts.
What is he selling the investors anyway? Really? Multisig on the coins?
To what end? Hodl to the 4th generation?
I want some real hope and I cant bear to watch any more of "you will be paid forever better than people with jobs because we bought Bitcoin with your investment".
"Also, Bitcoin is not money/currency"
He actually believes this. I wonder why. Are we on different planes of thought right now?
Or does he think humans love 1s and 0s that much?
If people started using silver coins as a 'medium of exchange'... and silver was 'adopted' as a reserve currency... What would happen to the price of silver?
It would 'go up' and a lot... and the Silver hoarding and trading would commence.
See the issue?
Now pretend a group of people did elect to use silver (ie silver coins) as a day to day 'currency'...
Is it still shiny metal? Is it still a commodity? Yes and Yes?
So it's a 'commodity-money' not necessarily a currency. Now pretend that silver was fixed in supply and also digital... what what it be worth as a store of value?
If everyone 'adopted it' for the world's currency the value of it would explode, hoarding would commence, it would be a massive store of value, and eventually people would spend it but provided all of those things had happened people would spend their worthless paper money first.
What if silver was adopted to stop the Bankers from debasing savings with their bank fiat currency, how is hoarding silver so you can use the debasing currency any solution to the problem?
It's literal self-enslavement in some sort of deferred life hypothesis.
The silver is not the wealth indicator. It's roads, hospitals, railways, more happy marriages, more children, going back to the moon, etc and these cannot happen if you remain on a fiat currency standard even if you worship your silver hoard for that "eventual liberation" when it is "high enough".
You're trying to imagine the world the way you 'want it to be' not the way it is.
People dump the money they think is losing value the fastest.
Bitcoin has a long, long way to go before it's understood even as a 'store of value'...
99% of people have no real idea what Bitcoin is, they don't know how to accept it they have no idea what a wallet is, they don't know how to 'transact' and 99.9% even those 'financially savvy' have never heard of Lightning.
The 'adoption' imo will happen eventually but people on Stacker News are 1% of 1% of people.
I agree but my point is this idea of dumping to switch to a new money is an idea from this world of fiat. It doesn't reflect positive monetary innovation.
So dump Venezuelan cash for USD to Dump USD for BTC but why were you holding the inferior money in the first place?
Saylor is now giving people a chance to hold his company's cash and not Bitcoin.
Wonder when they'll dump it for BTC, when Bitcoin has advanced even more and catching up is so hard? I guess.
That's why in the OP I wondered out loud when we shall have a true Bitcoin company.
FYI, they're all doing this now. XXL, Gemini, its the game.
Strategy is just the fearless leader at the head of this run.
Oh well, I guess it's the nature of the times.
It will be fun, at the very least. Adrenaline pumping.
No boredom in store.
i think there is huge amount of runway left for Fiat ponzi to continue for at least couple decades more. just look around you, talk to people with whom you interact daily and see how many of them understand bitcoin? do they know their hard earned labor is being stolen by governments, most of them are busy being in a team Red or team Blue and thinking all their problems are due to other team.
if you don't want to be part of Red or Blue team you can be neutral and bitcoin gives the opportunity to be neutral, Saylor is just being neutral. He can try to convenience people but the proof of the pudding is in eating it, normiees won't understand until they get reckt!!
What's interesting is that the Fiat Bankers fighting him are also his partners
This might be some staged shit to get the coin cheap so that Strategy can buy even more.
Which if true, I hope Saylor will still have a soul after all this is through.
Coz this is one shady way to drive adoption.
Drive us all to a cliff fast and toss us into the great fiat depression that follows.
The fascination with Bitcoin as an asset has been built on two narratives. One is the hedge against fiat debasement. The other is the speculation on long-term price appreciation. Michael Saylor’s approach so far has been dominated by the second. That is understandable when you have cheap capital access and the belief that Bitcoin will outperform every other investment. The problem is Bitcoin is also money and in order for money to be useful it needs circulation and utility not just hoarding.
The gap between Bitcoin as a strategic reserve and Bitcoin as an active medium of exchange is where the real inflection point lies for companies like MicroStrategy. That tipping point might require a clear legal tender status or at least a tax regime that makes spending Bitcoin painless. It could also come when inflation and geopolitical instability make holding large cash or debt positions untenable.
Fiat systems can extend themselves for decades if there is enough confidence and if the public accepts gradual erosion as the price of stability. History shows that tolerance tends to run for one or two generations before a change is forced. Wars and monetization of deficits speed that timeline but rarely collapse it in a sudden moment.
Thanks for the data. If a generation is taken at 20 years then that's 40 years.
Jesus.
That's a long time.
So true. Sad too as we're all very distracted right now with nice video reels while the best products and services + mutual social connection get further out of reach of the average person.
Dude you are literally talking to an LLM basically spicy auto-complete