MSTR is a shitcoin
Discussion
I don’t know … if they actually have all the bitcoin fully custodied they’re using bitcoin to exploit the weakness(es) of the fiat system.
Their playbook works until 10-yr treasury yields are the equivalent to Bitcoin’s annual CAGR. We have a lot of ground to cover between here and there.
I just REALLY wish Saylor would show proof of reserves and mitigate the fractional reserve risk.
"if" is only the first problem. If they do have it all and the government declares another 6102 then what?
Maximalists used to hate on any "Coin" that wasn't Bitcoin. Why the hall pass for a NASDAQ coin that isn't Bitcoin?
I stayed for the revolution.....and MSTR ain't it.
In theory, they’re showing everyone the way to win. I’m rooting for their ridiculous success because it will lead to more corporate adoption.
You’ve got to believe that governments will 6102 whatever they can. Publicly traded companies, ETFs, etc.
That’s why I am pretty sure COIN and MSTR are in cahoots and all MSTR’s BTC isn’t fully custodied … fractional reserving is an obvious pre-6102 maneuver.
Yes