5pm tonight. BTC next leg up begins. 140k by 1 March.
NJ Rep LaMonica McIver:
“We will not take this! We will fight back!..And God Dammit, shut down the city! WE ARE AT WAR!… WE ARE AT WAR!”
A sitting member of the United States Congress just declared they are at war with us.
Musk hit them in the wallet
https://video.nostr.build/d29719302551642c9802eea8c3ab8bf30047f739fe5169af71c40ee504fdebbd.mp4
Is she inciting an insurrection?
Funny how BTC sympathy dumps on the news. hahahah should be the exact opposite. Oh, GOOGL dumped because they don't own BTC, guess what they have to do to survive.
Will be hilarious when MSTR reports 20bil BTC gains with FASB accounting tomorrow and running up to 600 and wipes all there debt clean on their converts and opens them up to 42 bill ATM / 42 bill convert / 42 bill preferred stock offering.
Then BTC runs to 120k on the news of a shit ton of fresh capital and MSTR runs because BTC is running.
GOOGL is a dinosaur and the asteroid made impact. All things that don't own BTC will go to 0 and are irrelevant at this.point.
We have past the event horizon. Nobody knows it yet. GN frens 🫂
I think that is personal preference. If you don't love the technology then much worse now. You had more children and babies die 100 years ago. But those that made it through the young years had a life where if you put in a 40 hour work week doing anything you could afford a big family a house. A wife staying home watching those kids. Came home to a clean home. Didn't have to compete with every other dude in the world for any woman you meet. Family all stayed close for generations. Neighbor friends the same.
So if you really love your phone and traveling to the other side of the planet easily maybe now is better. Everything about life is far worse now.
Uno just F'd us. High is in! 😆🤣
Over a 10k green daily candle. 😆 i remember telling people we would have 10k daily candles and I was mocked. Wait til we have $100k and $1mil daily candles.
"That will never happen idiot!"
Ok just wait.
Just wait til ETH gets an ETF....
For all those folks saying MSTR is going to have to pay taxes on $18 billion of unrealized gains when they switch to FASB accounting please stop being an idiot. MSTR would be fools to pay a dime. The IRS doesn't have the constitutional authority to do so. Any company that would pay a substantial tax without filing an easily winnable lawsuit would be retarded. In the past it has been upheld multiple times by the Supreme Court that you need a realization event to tax. That is called precedent and that clause in CAMT would be tossed out the minute it got infront of a judge. I don't think Saylor is that retarded. Although I do question some of his takes.
The 16th Amendment to the U.S. Constitution, which allows Congress to tax income without apportioning it among the states, does not explicitly state that unrealized gains—or increases in the value of assets that have not been sold—constitute taxable income.
Key Constitutional Issues
1. The 16th Amendment (1913)
The amendment states:
"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
The key phrase here is "taxes on incomes", which traditionally refers to realized income—money or value actually received.
2. Eisner v. Macomber (1920) – Supreme Court Ruling on Income Tax
The Supreme Court ruled that income, as defined by the 16th Amendment, requires an actual realization event—such as a sale or transaction.
The ruling stated that a mere increase in the value of an asset does not constitute taxable income until it is realized through a sale.
3. Modern Precedents and Possible Challenges
While subsequent Supreme Court decisions have expanded the government's ability to tax income, no ruling has explicitly overturned the requirement for realization.
If the Corporate Alternative Minimum Tax (CAMT) under the Inflation Reduction Act leads to companies paying taxes on unrealized capital gains, it could be challenged on constitutional grounds.
Critics argue that taxing unrealized gains effectively functions as a wealth tax, which the Supreme Court has traditionally ruled must be apportioned among states.
Potential Legal Challenges
If a company like MicroStrategy is forced to pay taxes on unrealized Bitcoin gains, it could argue that this violates the 16th Amendment because the gains haven’t been realized as income.
I think I'm going to swing trade this one bro. Hold my beer..... Quick question first, what's a swing trade?
I always had my 9m on me but when I went outside the perimeter I would take a 45 I managed to procure 🤣 and an M16 or AK if i could get my hands on the ammo! Much different situation than home defense.
I've seen people with armor on take a 9m and keep moving but its not a good time and it wasnt from close range like anything inside a house. Most people (99% of home invaders) are toast rolling on the ground crying and bleeding out from a 9m center of mass. Not thinking let me get Susy Homemaker. They dropped and lost anything in their hand and are praying to the god they don't believe in to come save them.
Beretta M9. Not overpowering. Will put an intruder down with center of mass shot.
They have 200x leverag. He probably had 7,500 x 200! 😆
A policy i can get behind.
I can't help it. I always say "da Bitcorn" 🌽. I don't have kids but I definitely become my dad. 🤣. Dad jokes, laugh emoji, tons of 👍s and mispronounce everything with no rhyme or reason to it.
Did you buy da Bitcorn?
Yeah, he says he has conversations with Satoshi when he is on the astral plane. Think he did too much ayahuasca.
I remember this and I was like how do I get a wallet? If it is going to be valuable why are people giving it away. Ehhh, screw it. I can't figure this out. Forget it. I'm not going to buy any either. Worthless.
FML. That was like 2011. Kept checking in on BTC every year or so but never bought any til 2016.
Ooooops. Imma fuck face.
Guess she doesn't like winning. 😃
I do it for months at a time then go paleo with a little cheating because of work dinners. I started getting into it in my mid 30s when i was body building. I'm almost 50 now. When I'm not on one or the other I feel like shit and get fat as hell. I just end up missing the bread and pasta and stuff like that. Feel like shit after but grew up on an Italian American diet so it's hard to not eat that stuff for a while. Then I just hate myself because i get fat and gross and feel like shit so I have to go back.
I feel great on the those diets but it's not easy to stick to it especially if your on the road 4 plus days a week.
Where are we going?
MSTR = East India Company in 1657
The comparison between MicroStrategy’s debt-raising strategy to buy Bitcoin and the East India Company's exploitation of simpler currencies hinges on leveraging financial asymmetry and perceived advantages:
1. Leveraging Superior Financial Tools:
MicroStrategy: Issues convertible notes at favorable terms, taking advantage of investor demand for high-growth, tech-aligned opportunities, and uses the proceeds to buy Bitcoin, betting on its long-term appreciation.
East India Company: Leveraged the disparity in financial sophistication, using coins, promissory notes, and barter systems to dominate local economies and extract wealth.
2. Currency Manipulation or Arbitrage:
MicroStrategy: Converts fiat currency (USD) into Bitcoin, a deflationary and globally traded asset. Over time, this strategy may benefit from Bitcoin's potential to become a global reserve currency, effectively replacing weaker, inflation-prone fiat currencies.
East India Company: Introduced its own currency or manipulated exchange rates in colonies, ensuring transactions favored their interests and undercutting local currencies' value.
3. Exploitation of Asymmetrical Knowledge:
MicroStrategy: Acts on the assumption that Bitcoin's scarcity and adoption curve make it vastly undervalued compared to fiat money. Many institutional investors or governments may not yet fully understand or act on this shift.
East India Company: Exploited local populations' limited understanding of global trade dynamics and financial instruments to impose exploitative trade terms.
4. Consolidation of Power and Resources:
MicroStrategy: Accumulates Bitcoin, which could offer disproportionate financial influence if Bitcoin becomes the dominant store of value or reserve currency.
East India Company: Amassed control over regional economies and resources, leading to vast geopolitical power and influence.
5. Long-Term Impact:
MicroStrategy: If Bitcoin adoption grows, MicroStrategy could be viewed as an early mover that gained outsized returns by leveraging fiat systems to acquire a dominant share of the emerging asset class.
East India Company: Exploited the wealth extracted from colonies to fuel the British Empire's industrial and economic growth, while leaving lasting economic challenges in those regions.
The key parallel is the use of financial and knowledge asymmetry to capitalize on a transition or disparity—Bitcoin’s rise versus fiat, or colonial economic systems versus local, underdeveloped ones.
How big was East India Company?
The East India Company (EIC) was arguably the most dominant commercial entity in history at its peak, and its size relative to contemporaries far exceeded the dominance of today’s largest corporations. Here's a comparison:
East India Company vs. Contemporaries
Peak Value: Estimated at £400 million in the late 18th century (adjusted to approximately $7.9 trillion USD in 2023 terms, depending on calculation methods like GDP share or inflation).
Share of Global Trade: Controlled about 50% of global trade in commodities like tea, spices, and textiles.
Power and Influence: The EIC effectively functioned as a state, with its own army (260,000 soldiers at its peak, larger than most national armies of the time), a navy, and administrative control over large swaths of India.
Relative to other companies of its time, the EIC was unmatched. It dwarfed other trading companies like the Dutch East India Company (VOC) and any national merchant fleets.
---
Today’s Largest Company vs. Contemporaries
Apple (Largest US Company in 2025):
Market Cap: Roughly $3 trillion.
Global Market Influence: While Apple is dominant in the tech industry, it represents less than 1% of global GDP (approximately $105 trillion in 2023).
Relative Dominance:
Apple accounts for about 7% of the S&P 500’s total market cap, reflecting its significance in the US market but not an overwhelming global dominance.
---
Key Comparisons
1. Economic Scale:
The EIC was far more dominant relative to the global economy of its time, controlling 50% of global trade versus Apple controlling a small fraction of global commerce (even in tech).
EIC’s value as a percentage of global GDP in the 18th century was closer to 10-15%, while Apple is less than 1% of modern global GDP.
2. Market Competition:
The EIC faced almost no competition in many regions, leveraging monopolies granted by Britain.
Apple competes in a highly diversified global market with several tech giants (e.g., Microsoft, Amazon).
3. Influence Beyond Commerce:
The EIC governed territories, waged wars, and influenced global geopolitics.
Apple’s influence is limited to economic and cultural spheres through products and services.
---
Conclusion
The East India Company was far more dominant relative to its contemporaries than Apple or any modern corporation. Its influence extended beyond commerce into governance, war, and the shaping of entire economies—something no corporation today has matched.
What market cap would a company that is as dominant as EIC be today?
To estimate the hypothetical market capitalization of the East India Company (EIC) today, assuming it had the same dominance over the global economy as it did during its peak, we can use some historical benchmarks and modern economic figures:
---
Assumptions
1. Global Economy in the 18th Century:
Estimated global GDP around 1770: $135 billion USD (in 2023 dollars).
EIC controlled roughly 10-15% of global GDP through trade and governance.
2. Global Economy Today:
Current global GDP (2023): Approximately $105 trillion USD.
3. EIC’s Hypothetical Share Today:
If EIC maintained control over 10-15% of global GDP, this would equate to:
10% of $105 trillion = $10.5 trillion.
15% of $105 trillion = $15.75 trillion.
What will MSTRs stock price be when it becomes the modern EIC?
To estimate the hypothetical market capitalization of the East India Company (EIC) today, assuming it had the same dominance over the global economy as it did during its peak, we can use some historical benchmarks and modern economic figures:
---
Assumptions
1. Global Economy in the 18th Century:
Estimated global GDP around 1770: $135 billion USD (in 2023 dollars).
EIC controlled roughly 10-15% of global GDP through trade and governance.
2. Global Economy Today:
Current global GDP (2023): Approximately $105 trillion USD.
3. EIC’s Hypothetical Share Today:
If EIC maintained control over 10-15% of global GDP, this would equate to:
10% of $105 trillion = $10.5 trillion.
15% of $105 trillion = $15.75 trillion.
4. Comparable Market Cap-to-GDP Ratios:
Modern dominant companies like Apple, Microsoft, or Saudi Aramco have market caps significantly lower than their industries' total contributions to GDP.
Assuming EIC’s market dominance justifies a 1:1 ratio to its economic impact, its hypothetical market cap could mirror its share of global GDP.
---
Hypothetical Market Cap Estimate
Low End: $10.5 trillion USD.
High End: $15.75 trillion USD.
For perspective, Apple is currently the largest publicly traded company with a market cap of around $3 trillion. The hypothetical EIC would be 3 to 5 times larger than Apple, underscoring its unparalleled dominance in its era.
What does this mean for MSTR stock price?
$42,598.08 per share at a $10.5 trillion market cap (low end) 11,570% gain from yesterday's close.
$63,897.12 per share at a $15.75 trillion market cap (high end) 17,405% gain from yesterday's close.
You can spend 10% of anything everyday for the rest of you life and never run out.
The guy in the mirror or both should be saying, "your retarded". Really missed an opportunity there.
"But bro, Bitcoin is not tangible."
"Fucking, exactly."
We'd buy one of those if it said "undiagnosed but we're pretty sure"
