Danny doesn’t like Bitcoin Treasury companies. Danny and his guests have labeled them ponzi adjacent.
I’ll tell you what’s a ponzi, What Bitcoin Did’s fucking sponsors
Danny your reputation is cooked.
You can’t tell me nothing.
The guy who was shilling Blockfi which was an obvious scam is now calling companies that acquire Bitcoin by selling equity a ponzi?!?
What a fucking shmuck 
It’s a fucking ponzi scheme, you can’t deny that. It’s only good for fucking gamblers who think they are too late for Bitcoin itself. Derivates of a derivates of a derivates.
They will have blood of next bear market on their hands and there is only one way we can avoid it. Buy Bitcoin and don’t play stupid games.
With a Ponzi scheme they don’t buy assets with the money they raise they buy yatchs and planes and the monies are not reinvested into the company.
You don’t have to invest and no one is telling you to. But calling BTCTCs a ponzi is not true.
Selling a preferred stock to pay the yield on previously issued preferred stock completely fits the definition of a ponzi.
Yeah they're buying Bitcoin with the proceeds instead of running off with the money but the strategy is akin to a ponzi. They're also not taking on debt, just an obligation to pay a yield.
I own a small amount of MSTR & I like their strategy. I'm not under any illusion of what they're doing though. They're scamming holders & earners of USD. It's accelerating the demise of USD & the monetisation of BTC.
LFG 🔥
While they have been hitting the ATM to pay dividends it’s not necessarily the only way in which they can pay the dividends. They can pay out dividends with straight up common stock or sell their corn.
By the way this is a lot better than what traditional dividend paying stocks do. In the old legacy system they pay dividends with future cash flows. That to me is closer to a ponzi.
It's a literal shitshow but if it gives Calle a platform temporarily then it's a tradeoff as the listener base is huge.
