Notably, when first asked what happens if Bitcoin goes down, he gives a non-answer (as if the only options are it goes to zero tomorrow or 29% increase per year). when pressed again (because of his non-answer), he basically says that they will still make plenty of money off of selling bonds (as if his convertible bond market wouldn't be affected by the down Bitcoin market).

Me. On Youtube via my AppleTV... but if your video podcast hasn't disabled interruptions by the Youtube version of AdSense, it's on my shit list.

I don't thing being able to control more of the network for less is quite the selling point they seem to think it is.

Met up with some old friends for the first time in a long time. About half way through our outing, I casually asked "Have you been paying any attention to Bitcoin?" I'm used to this question being met with "Isn't that a scam?", "Didn't that get banned?", "Didn't that just crash?", etc (I'm sure you all are familiar with the normal responses). I basically just give up on the topic at that point.

This time, however, I almost couldn't believe my ears when I heard "Someone else just mentioned that the other day, but none of us really knew anything about it. Do you understand it?" The rest of our meeting was them asking questions, me beginning to explain which evoked even more questions, etc.

By the end, I would count this as only my 2nd successful attempt at orange-pilling; but, I feel like it paid off for all the failed attempts, and more importantly, I feel like this time was a sign it might finally be going more main stream.

We're winning!

#Bitcoin #BTC #orange

... also provides the opportunity for an enterprising client to offer tools that help catching mistakes before publishing.

No edits. no deletes. If you feel compelled to correct something, post a subsequent note that announces a "CORRECTION" of a previous note; but don't expect to be able to change the past. To the extent making typos bothers you, just proofread your work better before publishing it. Personally, I just don't let the knowledge that I made a typo ruin my day.

Perhaps... I would say you just may be heavily underestimating the effects the next typically severe bear market could have on MSTR's appeal as a derivative of a disappointingly performing commodity.

There's not much point to quibbling over what is ultimately unknowable, though. Suffice it to say, I would be perfectly happy if the mania continued until the heat death of the universe - BTC coming along for that ride is good enough for me.

This. Also, the difference between NVIDIA and MSTR is that there's potential for NVIDIA to continue to produce new and innovative things. MSTR's value proposition IS the mania flywheel... until the mania ends.

This seems like it would work well.. with the trade-off of potentially linking an npub to searches, I guess.

I was picturing more like 1 browser extension wallet that manged cashu tokens/mints/seed phrase locally - from which any other browser app could ask for permission to spend tokens... similar to how nostr clients ask a browser extension to sign notes. But, I'm getting well out of my feasibility depth here.

BTC itself is mostly a speculative gamble. Though, I believe there is an adoption 'floor' that, given enough time, will eventually catch up and bail out any mistimed speculation (at least, for the foreseeable future) - which supports the strategy to ignore speculation and just stack sats regardless. I see MSTR as this BTC speculative gamble on steroids.

Eventually, BTC adoption will reach its potential (whatever that happens to be). The biggest question for me regarding MSTR is will there necessarily be enough time for the BTC adpotion floor to be able to bail out a mistimed speculation on steroids? i.e. a purchase of 100K BTC today could take years to recover from a very possible (if not on brand) BTC drop to 50K in the near future... a purchase of MSTR today could take 3x or 4x or even longer to recover (if ever).

Really? That's awesome. Is this client-specific? In nostr:npub1wyuh3scfgzqmxn709a2fzuemps389rxnk7nfgege6s847zze3tuqfl87ez for example, I can't even figure out how to mute anything other than another npub.

purist with 1 caveat: does it count as content from another network if it's a screenshot posted on nostr for the purposes of mocking the other network? I do enjoy those.

I've never noticed anyone making the tulip mania comparison bother to mention that it only survived for like 2-3 years... at a time when it's not like communication channels were able to spread price signals quickly... and arguably only at a manic level for like 1 winter...

i.e. I'd prefer to be able to just pay for each search with cashu tokens directly.

athenut.com looks like a really cool idea. I'd prefer not to have to keep track of a separate token in another browser wallet with yet another 12-seed phrase, though. I guess I could just 'top up' 1 search token at a time; but, that kinda seems like a hassle, too, that shouldn't really be necessary.

just my 2 cents.

The quoted post is not a prediction - just a reminder to Stay Humble. Stack Sats. Whatever happens in the short term; the goal is to win the long game.

nostr:nevent1qvzqqqqqqypzpdue4cn7qdct9ptfj0ndfrc469jnn49228al867m627ypas2f5j7qyghwumn8ghj7mn0wd68ytnhd9hx2tcpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uqzpgrdu5keprqurrj72dlqfs69a0r5srqreh4m4jcs4jan6r42k9hqyzd058

Correct me if I'm wrong, but the hope of the lenders is that the bonds never mature - rendering the interest rate irrelevant. The whole point is that they want shares; not their money back.

Based on the history of the lows, a drop to 50k wouldn't surprise me at all... that becomes less likely the longer it doesn't happen, however.

The value proposition is more than just the Bitcoin itself; but arguably more that the Bitcoin per share increases every time the company buys more Bitcoin. So, if you were to buy 1 BTC worth of MSTR, over time, without doing anything, you will eventually own 2 BTC worth of MSTR (at least that's the hope)

The problem, of course, is you may be paying 3x or 4x for that 1 BTC worth of MSTR than if you had just bought 1 BTC outright. So, it will take some time for your purchase of MSTR to have been worth it. You're hoping that that happens before BTC (and consequently, MSTR) crashes.

What I don't really see anyone talk about is that the same flywheel effect that magnifies MSTR increases compared to BTC increases works in the other direction as well when BTC dumps. For example, all you have to do is look at the BTC momentary 3% drop from its ATH earlier today resulted in an associated 20% momentary drop in the price of MSTR. After which, BTC has already almost completely recovered. MSTR still has yet to even recover by half.

Quick tip that wan'st immediately obvious to me until i took the time to think about it:

Make sure cashu.me is also open when you're zapping from a Nostr client; otherwise it won't be able to fulfill the NWC instructions.