once saylor moves his company’s corn to real cold storage and drops the mempool links, he’s the undisputed king of bitcoin companies. most ppl value mstr by holdings or mnav. both are lazy metrics. try buying 500k+ worth of bitcoin yourself and check your weighted avg. that’s the real value of mstr.
even if satoshi nakamoto comes out of nowhere and creates a public company to hold bitcoin as reserves, let me tell you — i don’t trust you unless you drop the mempool links to your addresses.
if you’re a public bitcoin company and have bitcoin in your reserves, your first objective is to prove that reserve. period. everything else is non-priority from a shareholder’s perspective.
I will definitely buy some XXI just to support the bitcoin companies but I demand proof of reserves as a potential shareholder. nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqywhwumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wsqzp382htsmu08k277ps40wqhnfm60st89h5pvjyutghq9cjasuh38q7t6dtc
21’s website. Pretty cool, isn’t it? Still the most important piece is missing which is to be able to verify the holdings, if it’s in a cold storage already.
In about 5 yrs, we’ll hear this term a lot: “we dont know how to price bitcoin.” its true, because we actually don’t know how to price bitcoin because we never had anything like it in the history of our entire civilization. every model, every chart, and every price prediction will be destroyed.
Agreed! Nigeria was just an example since it’s a household name when it comes to any sort of scams
one more note on our homeboy jack mallers. thr market doesnt know what he’s gonna try to do. he’ll try to catch saylor as hard as he can on bitcoin accumulation. as always, the market doesnt know nor does it understand how to price bitcoin.
looks like buzzbot notes are decreasing. nigerian bots were very happy farming your sats with their couple hundred accounts.
let’s say you had 25 btc in 2019. then life kicked your ass maybe your business went under, you lost the keys, got divorced, and your ex walked away with everything. whatever. somehow, the universe handed you another shot and now you’ve stacked back 6 btc. guess what? you’re in a way better position than you were in 2019. in 2019 terms. because when you’re a bitcoiner, time is your friend.
Bitcoiners are the most “i don’t give a shit” group of ppl you’ll ever meet in your entire life. That’s exactly why we’re going to $10m a pop.
Honestly, I have zero feelings on these $5-6k pity pumps. Wake me up when we hit $1m. Maybe then I’ll crack open a 25 year macallan and pretend to be surprised.
so many stupid stuff to deal with as a landlord or even as an owner. bitcoin is better every possible way. not even close.
true, we can probably name hundreds of other things that you need to deal with as a londlord.
explain it to me like i’m the dumbest 5 year old on the entire planet:
you bought over 6k bitcoin over the weekend, with zero volume and the price barely moved. this happens almost every weekend for the past several weeks.
- where did you buy it?
- how did you buy it?
- where’s the reserve?
if mstr is gonna be the blueprint, the pioneer company that saw the value before anyone else, then saylor should lead by example: advocate self-custody and show proof of reserves.
like they say, don't trust, verify!
yeah if you have low cost electricity, it makes sense!