"I'm an MSTR shareholder"
Discussion
I'm cool with some IOUs, mostly in IRA accounts.
Trust us bro
This is not bitcoin. This is NGU hype
The entire point of the post is to highlight what I see as a
risk, even *if* Saylor is 100 percent solid. And I say *if* because no matter how much I like the guy, that is also a risk.
So I’m not sure what you’re adding to this discussion by lecturing me about the risks which from the post you can see I have obviously considered.
Saylor's value proposition is trust me bro. None of this would be an issue if those who trust him would self custody. It's obviously an issue the moment you add trust to the equation. Bitcoin is a trustless peer to peer network. The moment you start adding trust is the moment it is no longer bitcoin. You have MSTR. This is not bitcoin. Why are you referring to it as such?
No shit. Who is referring to MSTR as bitcoin?
Apparently Saylor when he suggests you give him money. Stop giving him money and the problem solves itself. Also, be careful who you call a bitcoin savior. They can always turn on you. I see his honeypot as an attack on bitcoin's publicity. If his coins get taken, or any custodial, the news reporters say that bitcoin got hacked. Normie's don't know the difference.
I am literally outlining a specific risk to MSTR because Saylor is a single point of failure.
I am looking for people to defend MSTR not attack it. I am *doing the attacking* (despite owning some), or actually *because* I own some, I want to understand why more people don’t acknowledge this risk.
I don’t need a 101 course on counterparty risk. I am trying to understand why people are minimizing the risk for this particular counterparty.
Sorry can’t defend as I agree.
MSTR are a different type of ETF
Why ist Sailor a SPF?
Potentially greater upside is how you would need to justify the additional risk. Kind of like when you try to justify buying shitcoins.
I am not looking for more critiques. I am *making* the critique. I’m looking for why this is different.
This is all I can come up with:
Many in society have been to trained depend on someone telling them how to think. Be it religious leaders, teachers, coaches, celebrities, politicians. Very few teach children and adults that it is ok to think for themselves. They latch onto people instead of ideas.