help me understand why a company like Metaplanet or MicroStrategy selling you shares (IOU's aka Debt) so THEY can buy more Bitcoin.. is not the same as a shitcoin initiative?
It's the exact same method as Proof of Stake - without the 'blockchain' marketing.
😂
Not sure about the inputs of a shitcoin initiative except being compelled to rug pull the little guy 💸, however fwiw:-
My view is that Saylor is short the dollar (he is borrowing from his shareholders) to go long on btc (simply hodl) and as his interest cost is tiny (like <0.5%) and the returns on btc >=29% (his base case!) he is essentially buying a loan that is likely to pay itself off and more (!)…modern day alchemy using the opposite poles or mindsets of the fiat debt-based world and the btc paradigm of saving in pristine collateral as it’s catalyst 🤓
It will accelerate the adoption of btc, expose the predatory, fraudulent, inflationary system and is a speculative attack against the dollar (he is selling dollars in the belief they will lose value 💁♂️)
