Subnostr

Is #MSTR a Bitcoin company, a financial asset, a bank, or is it a software company? If the purpose of holding bitcoin is to hold liquid capital, and the purpose of holding liquid capital is to keep dry powder around to sieze opportunities to develop and improve products for sale: does it not follow that MSTR will use its stagnant value in the form of bitcoin to produce wealth?

I'm not referring to short term strategy, but long term. Will they become a bitcoin bank, or will they develop a resource intensive software product? My observation here is; there is no implied guarantee they will use bitcoin to advance bitcoin itself; rather, it could simply a long play against the dollar until an opportunity arises in the software realm

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Discussion

The Bird 1y ago

It's going to turn into the BTC version of the Fed for the government in the coming years. I bet 100 sats on it

gojiberra 1y ago

So like a return to free banking where MSTR just happens to hold the most digital gold and is the biggest bank?

maybe it just is a fluke company that discovered the "securitizing bitcoin" via the convertible debt strategy and now has the first mover/size/leadership moat. This will work until Bitcoin is fully monetized, and then Microstrategy is basically Berkshire Hathaway, buying profitable companies and selling insurance backed by their treasury.

The Bird 1y ago

I don't think it will be a return to free banking. I think it will be used more as a measure of control.

To your second point, seems possible

gojiberra 1y ago

I stumbled into RyQuant an army veteran on twitter a year ago or so due to his very combative/funny/caffeinated rants. He has since left twitter (good for him).

He eventually started talking to Punter Jeff and they started making "Quant Bros" episodes 1 through 8.5. Later Ben Werkman showed up. it was kinda a fun additional rabbit hole to fall into.

if there is an answer to your question, they would be the ones to find it or have discussed it at some point. i couldn't tell you which episode specifically, as they did a lot of extemporaneous brainstorming. maybe view counts would be a good indicator.

https://www.youtube.com/@Quant_Bros