Nostr Web Client

A lot of assumptions are made here. I hold BTC (theoretically) unless I trade them for goods I will always have them. Anyone else who abhors fiat as I do will accept BTC in exchange for goods as well. This is an economy. The fact that I can take worthless fiat (in my opinion) and trick an exchange or other BTC holder into giving BTC to me is short lived.

I know eventually people will only exchange BTC for material goods or labor. In that paradigm MSTR has to make a decision:

Start using their treasury for capitalist ventures (loans, MSTR business expansion, buying property) or hold their treasury and expand circulated BTC value.

Loans will carry high risk unless borrowers collateralize with other assets. Even then interest on loans maybe antiquated/obsolete. Instead only staked loans will be given. I.E. someone opens a new business with BTC loan MSTR gets a 10% stake in the business for a term in lieu of interest.

I also don't see how buying assets, goods, or labor with BTC would somehow flow back to MSTR. When BTC is the monetary heavyweight, no one will be exchanging USD for BTC (which is required for MSTR to acquire it.)

So, I hope this assuages the fears. Although I can't logically assuage a feeling of jealously because it is an illogical emotion.

Comte de Sats Germain 1y ago

I don't assuage my fears. It amplifies them. You're a smart dude, I already know that. If you can't see the scenario that could play out, then the scenario is even more likely because others also won't see the danger.

I'm not okay with living in a world where everything is owned by mstr. Or 10 mstr-equivalent entities. Bitcoin ownership must be sovereign and unencumbered at the lowest level.

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Discussion

JackTheMimic 1y ago

Okay, I'll assume I am wrong. What is the suggested remedy? What flaw is MSTR exploiting? What is MSTR doing that is impeding your or anyone else's sovereignty?

Comte de Sats Germain 1y ago

Its not what they're doing now, its an exercise in finding the market tolerance for a risk.

The remedy is they disburse their holdings to holders of mstr because if btc is money, then having the money should be preferable to a stock that represents the money. Short of that, the danger is that btc can't be used as money.

The danger isn't binary - the usability of bitcoin is endangered by it not circulating, which is a progressive danger. My original question was, at what percentage of total btc do we start to see mstr as deleterious to the economy of btc? But the same question leads into the values we champion as bitcoiners. There is some point where mstr's and the etfs' accumulation makes btc unusable for p2p money. Maybe its 100℅. But I think it's less. How do we find the limit?

I'm asking an economics question. I am unfortunately not that great at providing answers to my questions.