Same with MSTR.
Discussion
Wait you think it's weird to not believe in mstr?
To not understand it. Yes.
It's very weird people don't understand mstr doesn't hold any coins any just putting all that money under the control of the government via Coinbase
It’s very wierd people think children, elderly, and otherwise impaired plebs will self-custody their corn.
What does that have to do with mstr? Because Saylor is elderly and impaired from all the digital energy?
🤣😂🤣😂
You'd think a multibillion dollar corporation that owns IOUs for 450k bitcoin would have an incentive
You should try aqua wallet. It's really not weird at all. It's maybe weird it took us this long to get some decent wallets.
Unless you're referring to the truly impaired who don't even control their own money now ... Then of course
Then Strategy should use distributed custody models like Unchained, Onramp, or Anchorwatch. The fact that they do is why I decided to stay humble and stack sats. This is the problem # bitcoin solved:
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network."
What problem does Strategy solve by "buying BTC" from Coinbase? It seems to me they are only re-introducing the double spending problem.
Open source means use how you want. Nothing can stop or hurt ₿itcoin now. A few million trapped and centralized just pump our bags.
I see MSTR as an experiment. I really don’t think anyone can truly understand exactly what is happening or will happen, not even market finance experts. It’s never really been done before, diluting stock to purchase the world’s hardest money.
The problem with MSTR is everything that Bitcoin fixes:
- CEO/Company issues, what if Saylor starts shitcoining, the board changes strategy, he dies, etc
- Coinbase as their custodian. There are no proof of reserves and even if MSTR holds strong, Coinbase can have company/government/fraud issues.
- Diluting MSTR stock typically never is a good thing. They say because they are bonds he can’t get liquidated, but who really knows, and who wants their shares diluted.
- Everything is still $ fiat and government, Coinbase, StrategyB controlled.
With all of this said, ‘there is no second best’ and holding Bitcoin, ideally cold storage, is the only way to circumnavigate the above.
Now, on the other hand, the above isn’t guaranteed failure, and this experiment may turn into an extraordinary investment and company. I put MSTR into my 401k years ago before the ETFs and it’s done great, and I don’t plan to sell. It’s a leveraged experiment, but I would never choose MSTR over Bitcoin.
You get it.