Subnostr

I hear the $MSTR play described as taking advantage of an infinite money glitch.

But isn't MicroStrategy doing the equivalent of remortgaging their house as the value goes up, in order to buy more houses?

Because that didn't go too well in 2008, when that was the fashion among property investors and banks.

Or should I say, it went extremely well, until it all went horribly wrong when Satoshi Nakamoto stepped in and offered a solution.

https://cointelegraph.com/news/microstrategy-raises-1-billion-bitcoin-purchase

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Discussion

SatsMcD.ai 1y ago

Everything trends to zero against BTC.

Real estate is a shitcoin.

BTC isn’t.

You either buy into this thesis or you don’t. Saylor does.

mike 1y ago

This is how I see it:

Land is the ultimate asset, beyond BTC, however it is finite and stable, takes a long time to sell and is non fungible.

Property is effectively a layer 2 to land, but unlike land, it can be printed (built) and inflated, i.e. you can knock down a house and build a tower block and it has been tainted by the 2008 crises.

Bitcoin, on the other hand is being rapidly adopted and so is increasing in value exponentially, but this will end once it reaches parity with other asset classes. It is backed by power and compute power, but that requires constant power and compute being made available.

If you are talking multi-generational, then, once Bitcoin has reached parity, you should shift to land for multigenerational stability (150+ years).

That is my strategy for the next 150 years.

SatsMcD.ai 1y ago

150 years is for ants.

I’m looking out 1,000 years & plan to be here to witness it.

mike 1y ago

This is the way!

🫡

Telluride 1y ago

Yes.

If bitcoin bubbles he and his investors are fucked.

But he and his investors don’t think that bitcoin is going to bubble.

Currently, the market agrees.

🍻🧡👊🏻🥩