It's mind blowing. $100k is a strong psychological level, but I've never seen fomo and hopium as strong as it has been over the past few weeks.

That alone is reason enough for me to be cautious.

There are 3,150 Bitcoin mined per week. MicroStrategys last purchase was for 51,780 Bitcoin. Where do you think this is going?

His greed is crazy.

Can't sell some of an asset to help out your own parents if they are struggling?

He's gonna hate riding his gains back down even more.

I do believe we have entered the so called suddenly phase. What’s changed, well believe it or not, it’s not the ETF’s, or the options on top of them. It’s not the red wave, the Strategic Bitcoin Reserve, or the supposed nation state announcement happening at the Bitcoin Mena conference. All of that is insanely bullish and absolutely fuel on the fire. But we’re in the suddenly phase because of MicroStrategy.

If you’ve been following $MSTR as closely as I and others in the MSTR True North community have this won’t be news to you, but I know many of my humble sat stacking pleb, freak, and dirtbag friends don’t realize that the MicroStrategy strategy has evolved and Saylor has pushed the pedal straight through the floorboard. The past 4 years he’s been building a flywheel, and now it’s finally spinning.

If you want a full breakdown I can’t recommend listening to Saylor’s presentation during the most recent earnings call enough, he put all the cards on the table. Laid bare everything (and more) that the MSTR community had pieced together over the past months.

I’ll try and keep it simple, but the 21/21 plan was the starting gun, it was the announcement that there were no longer any training wheels on and that the flywheel was spinning up. Since then the company has issued 7% of the weekly trading volume via ATM offerings each week. The more liquidity the stock is trading + the more the stock goes up = the more $ that 7% has gotten them = the larger their bitcoin purchases have been. Now this has only happened for two weeks so far, but this past week they were the most liquid stock in the entire stock market. We’ll find out likely on Monday or Tuesday if he’s made it 3 in a row. My guess is it’s highly likely and if so we’ll see a ~100,000 bitcoin buy probably announced on Monday morning. 70 billion funded from ATM sales and 30 billion from convertible debt. It could be 200,000 next week and 400,000 the week after that. Higher stock price = more liquidity = more ATM sales = more bitcoin = higher stock price = more liquidity….get it? There are not nearly enough bitcoin available below $100k to keep this up. Things are accelerating extremely rapidly. This supposed sell wall is an ant hill in the face of the kind of buying MSTR is doing.

This is the main gist of the story but if you’d like to dive deeper there’s plenty more to it. Upcoming index inclusions (nitrous in the flywheels engine), convertible debt, other future debt instruments. It all points to an undeniable reality. MicroStrategy is now single handedly forcing the suddenly phase (aka hyperbitcoinization) to begin. Add on all of the other massively bullish catalysts on the horizon and it’s quite clear, DON’T SELL YOUR BITCOIN!

You might be right, maybe it would work if a client like amethyst just added a built-in relay.

I wasn't thinking about monetization for creators. I've been thinking it will end up with individual sponsorship deals instead of in-app ads, but maybe nostr needs a NIP for in-app ads where every contributor gets paid for their posts, not just the ones with a lot of followers.

I'm thinking of basically making it so every user device is a relay as long as they're online. But it would need changes to the nostr protocol for that to work

What do you actually mean? Are you not aware Bitcoin and BitTorrent are P2P or are you saying one thing when you mean another?

No monetization strategy will beat a p2p version of nostr, that's what we need

GM Nostr ☀️

How can we make Primal better?

Here’s the latest fiat scheme you aren’t talking about: Buy now, pay later. BNPL is exploding, and not because people want it.

There’s a $24 BILLION surplus in unpaid BNPL debt. Why?

Over 60% of users admit they can’t make their payments.

People are financing groceries and gas because wages haven’t kept up in 40 YEARS.

Inflation crushed your buying power, everything costs more, and you earn the same.

They call it “Buy Now, Pay Later,” but it’s really Debt disguised as convenience.

Translation: you’re so broke, you can’t afford the present, so they’re selling you the future.

And who wins?

The billionaires running this scam, while you drown in fees and penalties.

The banks and investors are laughing as you finance your paycheck.

This isn’t freedom. It’s debt slavery.

The system is a rigged trap, and you’re the target.

Bitcoin is the only way out.

Wake up. Opt out. Start stacking.

#Bitcoin #FixTheMoney #EndFiat

#nostr #grownostr

There's pokey for push notifications! Check it out.

Some DVMs just fetch from relays. I store the last 2 days of notes in a local database and search there.

Good example of what nostr is up against in appealing to people. Here’s a bitcoiner with 150K follower on X, posting content for a niche audience, earning $1200 every 2 weeks. Centralized and KYC, yes, but that’s a decent side hustle, and in some places that’s a full time income. How does nostr appeal to creators so they want to spend more time here? This guy’s last post on nostr was nearly a year ago 🥲

Nostr already has zaps, invoices, etc. and a host of awesome social media features, and a UX that keeps getting better. We primarily just need more people to hop over, and that will happen over time, especially as UX gets easier and higher quality and as we introduce friends to the platform.

What nostr might need in addition to that is a patreon- or onlyfans- or subscribestar-like locked content note that you pay sats to access, to help monetize things and drive efficient pricing and such. Posters would not need to put everything behind a paywall, and each individual could tailor a strategy to their unique community.

Perhaps we could also incorporate an advertisement NIP that allows users to turn on or off ads, ads that creators would choose to incorporate into their notes. These would be completely optional and individually selected, rather than chosen by a spy corporation trying to pry on us. This might or might not be the best idea.

I think DVM feeds are lame and relay feeds are 100x better.

If you're serious about "banking the unbanked" or whatever other cliche about saving the poor people you should at least try your software on a cheap phone.

I'll watch it but companies have been caught faking and cherry picking for demos. This should be taken with a pinch of salt. Give me actual research papers, peer reviewed

Dude what AI are you using to think this? I've tried keeping an open mind and tried it over and over, have read countless research papers and watched countless videos discussing it and it all points to the fact that its not as good as you and others like you are claiming. In most situations where AI is marketed to be useful, at best its sometimes helpful, at worst its downright wrong. As a coding assistant, it always gets in the way, can really only help with boilerplate and even then stack overflow is usually better, more reliable and faster. And the research is showing these things are not improving at the rate that the Open AI CEO types are claiming and is even plateau-ing. I'll finish by saying if AI is really that good and us ludites are wrong and are GMI, then shut up and prove it. Build something to obsolete me.

$MSTR Convertible Notes - Conversion Eligibility Watch

2027 Notes ($1.05B / 7,330,050 Shares)

Status: Eligible ✅

The 2027 notes have qualified for early conversion by the bond holders. In addition, these have also qualified for early cash redemption by MSTR.

2028 Notes ($1.01B / 5,513,489 Shares)

Status: Not Eligible ❌

We have had 12 closes above the $238.14 130% trigger price in the last 15 days. We need 8 more closes above $238.14 over the next 15 trading days.

2030 Notes ($800M / 5,341,600 Shares)

Status: Eligible ✅

The 2030 notes have qualified for early conversion by the bond holder. For these, it is 100% up to bond holder discretion and MSTR cannot call for redemption.

2031 Notes ($603.75M / 2,594,310 Shares)

Status: Not Eligible ❌

We have had 5 closes above the $302.54 130% trigger price in the last 5 day. We need 15 more closes above $302.54 over the next 25 trading days.

2032 Notes ($800M / 3,915,200 Shares)

Status: Not Eligible ❌

We have had 7 closes above the $265.63 130% trigger price in the last 7 days. We need 13 more closes above $265.63 over the next 23 trading days.

Reminder: This is only tracking eligibility. There is no obligation for the bond holders to convert or for MSTR to redeem for cash (2027 only).