His strategy is replicable for nation states, businesses, and individuals. It’s brilliant and people are catching on … so that’s good.
But I don’t know why he wouldn’t enable proof of reserves unless he knows his custodians (mostly Coinbase) are fractional reserve bitcoining and he is okay with it.
Agree with all that.
It is slightly concerning that he's made zero attempt to show proof of reserve.
Considering the ENTIRE market cap of MSTR is based on them having the bitcoin.
Agreed
He’s discussed this. More than once.
Where? Last I heard from him on Saife and the Onramp podcasts, nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m was advocating bitcoiners allow banks to custody their coins to generate yield.
Doesn’t seem like he is refuting our concerns, is he?
Someone can share I’m sure. He’s spoken about this on a podcast. More recently actually.
His answers made 100% sense & I didn’t disagree with his thinking.
Their only responsibility is to the shareholders. The shareholders are not concerned MSTR is pulling a fast one like FTX.
Ops moaning about proof of reserve is noise
If you think Saylor is lying about the bitcoin they own then short the stock or gtfo.
💯💯💯💯💯
But I love to see it. If everyone was in or totally understood, there would be no asymmetry.
Paul Tudor Jones bets huuuuuuuuge on asymmetrical ops. This is one of them.
Act accordingly.
I did.
It’s still the most misunderstood trade out there. Wall Street will eventually come around and see bitcoin per share is the most important kpi
The catalysts for explosion are all in front of it. QQQ was a nice baby step.
There are many more & you either believe in them or you don’t.
I do.
I agree. But if you’re trying to maximize the value of your company…why WOULDN’T you have proof of reserves?
Proof of reserves only adds value to your entity proving you have 100% of the purchased bitcoin onchain & accessible
It’s a feature of Bitcoin. It should be utilized.
My man. Watch what I sent. He talks about this. HE DOES HAVE PROOF OF RESERVES.
Just because you think he doesn’t or don’t agree with their security measures doesn’t make it not true.
Fuck. Come on.
Proof of Reserve discussion at 1:28:14
Yes, this is a shareholder vote.
If one gives a shit and wants to do something real, then it’s going to be an activist shareholder group.
Either buy it or don’t. Saylor don’t give a shit.
He actually tempts the shorts regularly. Shorts gonna short. Haters gonna hate. Buyers gonna buy.
HDGAF.
Bringing attention to the potential for a problem is how you get large activist investors to act.
Boards really only try to avoid gross negligence.
That last sentence makes me think you really might be retarded.
Lol - yep, I’m retarded. I’m a savant of the retards. Proudly.
Same here but never go full.
I am Sam won nothing at the awards.
Keep it partial. Count sticks and shit.
Don’t go too far over the skis. You may never recover.
🫡🫡🫡🫡🫡🫡🫡🫡🫡😎😎😎🚀🚀🚀🚀🚀🚀🚀
And BTC to the moon. MSTR DOES NOT EXIST WITHOUT BTC.
Oh wow, Jack Dorsey wants to share investment advice with me over a private SimpleX chat!! I'm so lucky!
nostr:nprofile1qqst5x9k23f40nlcu5c6enlp6cy6g8hnqglm5pcak89ltfn5frqeq3spz9mhxue69uhkummnw3ezuamfdejj7qg6waehxw309ac82unpwe5kgcfwdehhxarj9ekxzmny9uq35amnwvaz7tm9d35hgetn9ehx7um5wfshg6fwdaexwtcydqqud has been getting that advice for a while now. She says it's totally worth it.
You do understand Saylor owns like 49% of the voting rights? And the rest of the shareholders are not ops, so you’re basically screaming into the wind
Which is why I would appreciate those who have an audience with him leaning into him a little bit and pressing him to offer POR so we all can go back cheering for him.
Watch the podcast I just sent you. Stop being lazy, and retarded.
I can handle regarded. But a lazy retard I cannot.
The larger marketplace might sort this out by itself.
Most Tradfi has no fucking clue what a UTXO is. As adoption grows and ETFs look to distinguish themselves (given that the ETF game is winner take most) IBIT has the distinction of being the biggest, but FBTC has their keys and can build out and run homegrown proof of reserves.
If it catches on and Coinbase is forced to run their own proof of reserves MSTR would not be exempt from the desire of the market for this product.
Agree.
“Regulators auditing regulators” … reminds me of this Big Short scene.
There is no risk of sharing the onchain addresses of MSTR’s Bitcoin. His answer is to the proof of reserve question is bullshit. He deflects and offers a non answer. Can’t believe that’s what you used to justify your position… SMH.
Go watch the NJ drones. Lots of pretty lights. Lots of stuff to talk about. Maybe aliens 🤔😱
Also, can you share your wallet info? Share your addresses here that you use? No risk. I’d love to track your buying/selling. Prove there is no risk.
You do this & I will sell all my MSTR. You have proven your point. POW. 💥
I’m more concerned about the spot market for bitcoin. I don’t really care about MSTR as a going concern…I wish them well. But the more paper bitcoin there is out there, the more volatile (to the downside) the underlying asset will be.
And believe it or not - for those of us who’d like to use our Bitcoin to invest in real assets in the real world. The 80% drawdowns complicate the whole “use Bitcoin as perfect collateral” argument.
I want Bitcoin to become the money for the world. The longer we don’t insist on the use of its superior native properties (one being verifiability) the longer that transition will take.
So in this scenario you think Coinbase and Fidelity sold MSTR paper bitcoin?
And you think this is a likely scenario because?
FTX did a number on people. It did its job tbh.
Show compassion. People got fuckin mind fucked with that one. And Blockfi, Celsius, Voyager at the same time to a lesser degree.
True
Because eventually they'll have to add doggie coin and they're sure as fuck doing IOUs then so they might as well be starting to ease retards into it now
👆💯🎯
IMHO…Seems like we’re in the early stages of hyperbitcoinization…I don’t think we get there without big institutions and sovereigns…I don’t think you get sovereigns and institutional players without shitefookery and fiat games (including ever intensifying over regulatory reach)… and big players (including M Saylor) will likely disappoint at times (often even🤷🏽♂️)
…if the Brics+ sovereigns dive in the valuation in fiat will be insane over time (despite manipulation by the big players in the short term…ie using derivatives to steer markets and create buying opportunities)🧨🚀🚀🚀🌅
Ima buy some and self custody jus in case it catches on🤔🫡
Full disclosure: ima idgit and wrong a lot😖
Additional full disclosure:
I own MSTR in a retirement account with ~30% trailing stop losses…it’s become my biggest single position even after pulling my initial investment out - ie playing on house money… it ain’t a perfect strategy but it’s worked out pretty well over the last year…I also subscribe to the theory that saylor is inextricably entangled with the establishment (occam’s razor and all🤔😉)…still it don’t mean there ain’t fiat to be made and converted to real BTC in this highly leveraged and perhaps corrupt company🤷🏽♂️
**This is not financial advice and should be considered the ramblings of a paranoid tard
