Replying to Avatar Derek Ross

Saylor is relentless.

MicroStrategy Acquires 21,550 BTC and achieves BTC Yield of 43.2% QTD and 68.7% YTD; Now Holds 423,650 BTC

https://www.microstrategy.com/press/microstrategy-acquires-21-550-btc-and-achieves-btc-yield-of-68-7-ytd-now-holds-423-650-btc_12-09-2024

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inpc 1y ago

To do what though? Sure increase his wealth but then what? What does Micro Strategy do other than provide BTC exposure?

Austrian economists say that capital will deploy itself but I don’t see it?

He accumulates loads, then he dies… and then nothing. Ok he has a few courses set up but it’s minor in the scheme of things. He’s no kids (I think). He doesn’t even spend on skincare regimes. A bit of moisturiser would go a long way, specially after doing loads of sniff.

I mean it’s up to him what he does but I’m curious.

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Derek Ross 1y ago

That's what they do now. They're a Bitcoin holdings company.

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inpc 1y ago

Indeed but then what. Is he saving up for a spaceship?

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Derek Ross 1y ago

Eventually he won't be able to do this, or if he's not around the company won't be able to do this, as no one will want fiat. At that point, they won't be able to do anything but hold their bitcoin like Smaug. I don't know what they endgame is there.

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Dan Wedge 1y ago

Saylor has said he's taking his seeds to the grave, as for the company it will turn into a larger multi national MHO

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SuiGenerisJohn 1y ago

I would be interested to know what his personal stack is. When the US Gubment eminent domains his company into the US strategic stack, he will be the wealthiest man on the planet in that way alone.

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inpc 1y ago

Great... What happened to the guy with the cowboy hat who new money will fix everything?

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minestr.app 1y ago

It won't be possible forever. At the moment his business isn't holding building. Otherwise MSTR would be the same as an ETF. At the moment his business is selling volatility. I don't understand it fully, but checkmate explained it pretty well below. When he can no longer do this, he may pivot into lending or something else. I'm sure he's already considering it.

https://www.youtube.com/watch?v=Wvf6NV23rqw&t=3782s