MSTR is literally a ponzi scheme
Discussion
Yep
This scare me as much as Tether, Coinbase and Binance. If any of these companies would collapse for whaever reason, it will impact all Bitcoiners negatively.
We should fight to use decentralized services, local companies with small to medium size, use local merchant accepting Bitcoin. An event like a 51% attack might not happen on the blockchain but from these big companies doing shit for their own benefits only.
As long as these companies hold their bitcoins safely & are not selling paper bitcoin like FTX shitcoin casino was, they are fine.
MicroStrategy is selling stocks (MSTR MSTX MSTY and dividends through STRF STRK) to raise capital to buy more Bitcoin. There are liquidation targets.
I would not bet against a company who is holding 500K bitcoins and doing everything they can to raise as much fiat melting cubes as possible in order to buy more Bitcoin. Saylor is not a cypherpunk, but he understands the value of Bitcoin, he's stacking harder than 99.9% of 'Bitcoiners' in here.
I would never bet against them. And yes they contribute to Bitcoin success for sure, but they could mess up big, decide to pull the plug, get hack, corrupted by gov or anything I cannot think of and boom, it's the avalanche.
If they get hacked or lose their coins for whatever reason, it won't affect us, only their shareholders.
Cool... Like the government...my colleague Lagarde and I Ready to buy the dip !!
I never got into the mstr stuff, it's better to be humble that chasing yields and profits.
They’re straight up relying on number go up at this point.
He's raising capital by selling stocks to normie investors who want worthless 8% fiat dividend and shit like that, and then using that money to buy more Bitcoin—which drives the price of both Bitcoin and MicroStrategy up. He's repeating this strategy every week, stacking like crazy while you guys are watching and critizing. He's playing his cards right. MicroStrategy will be the most valuable company in the world in a few years IF they can keep their huge stack of corn safe.
I own six-figures worth of MSTR. I’m diversified. Do I think their strategy will pay off? Yes. Do I think we could see chopsolidation for 20 years starting tomorrow? Unlikely, but also yes.
Saylor is an ambassador masquerading as a CEO. I’m a huge fan, but I’m not gonna act like there is no risk with MSTR. I think the risk of buying MSTR is much higher than buying BTC and storing it in self-custody. But—the payoff will absolutely be higher. 🤑
you are literally supporting a scam
They will be the largest bank in the world at some point.
Whether that’s a scam or not, is subjective. Don’t overestimate humanity. Biological evolution moves incredibly slowly in comparison to the life of a human being.
Bank of what? Of IOUs ?
Saylor is the biggest fiat maxi disguised in a bitcoiner. And gullible people are jus kissing his ass for free.
You’re either an idealist who refuses to accept reality, or you have little to no understanding of politics and traditional finance.
If Saylor took the wrecking ball approach and went to Capitol Hill and told them that Bitcoin was going to end fiat, he would never be invited back.
What is it you want him to say?
I think you do not understand who is behind Saylor... he's just a frontman to fool plebs like you.
This justifies my investment. This is exactly what I’m talking about.
You live as if the establishment is gone. I live as if the establishment will die a SLOW, painful death. Hell, the establishment may grow stronger for decades to come.
I want revolution just as much as you do.
I live in reality.
No, this is exactly fiat mindset.
Well, if my bitcoin that I hodl in cold storage is to be worthless, it looks like you will be joining me in poverty.
See you there ✌🏻
See? Again you think like a fiat maxi, in terms of fiat.
HFSP is not refering to "how much in fiat will worth my BTC" but how many sats I will have in the future...
By putting your money into MSTR scam you are just shorting yourself of BTC.... because you are buying a IOU of another IOU... only promises.
If I’m a fiat maxi, why do I hold BTC in cold storage? I don’t plan on ever selling it. I plan on spending it.
Your judgements of others are a reflection of yourself.
I am a happily married homeowner with tradfi investments and BTC in cold storage. I’m not sure why that bothers you so much.
You can do whatever the fuck you want.
I wish you success. 🙏
only that they do not have any BTC, just Coinbase IOUs.
So when Coinbase will crash, MSTR will became... nothing too.
It won't affect us, only MSTR shareholders.
At this point, even if Saylor lost his coins, they would not give up on Bitcoin—they would have to start stacking from zero all over again.
Any day now
Lmao next level shitcoinery
the difference is there is no pool of common resources that requires inputs/outputs.
all inputs go to superior economic technology in btc, and all outputs are less burdensome than this underlying (debt obligations, stock price, operating expenses).
sustained downturns in btc can be weathered by hitting the output valves rather than needing new input, so there is no traditional ponzi-like collapse like you would see in something like Luna (inputs to btc, outputs from btc to Terra peg support, no decrease in burden of obligations).
If saylor were promising a pegged stock ratio of btc or a fixed btc dividend or anything like this then yes, would be a ponzi.
instead, just financialization which few understand (including me!)
😂😂😂
They are taking advantage of the Ponzi scheme to stack the hardest asset known to man and the bond market will eat it up like candy
They are a business intelligence company. The bi they are selling: buy the damn coin. 😄
Or, “you can buy us, and we’ll buy the god damn coin for you.”
insane