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.
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?
Discussion
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
