Rightfully so. Capitalism is the meta, but sooner or later you have to call a spade a spade. Amazon Google Facebook and Apple are all monopolies and at minimum should be forced to make their networks interoperable. The fact that there’s a duopoly on mobile phone app stores is unacceptable and it is inherently anti-American.
lol what a scam.
This is akin to a utility price gouging for electricity. Google and Apple have to buy the government because they know the reality is that at some point in the future, they will be regulated as public utilities
Hm, that’s fair. Payouts could be batched into 1 transaction which would effectively to open lightning channels, then the distributions of those payments could be done over lightning.
Not to mention they’re frontrunning banks and the giant tech companies with their balance sheet.
Bitcoin either gets attacked by government or it doesn’t. If it doesn’t get attacked, then the accumulation done by companies like apple Google meta Nvidia etc combined with the large banks will give them one of the largest debt-to-equity ratios in the US market.
If the government does try to attack bitcoin, either via harmful regulation or attempted seizure, we’ll see how it plays out on whether the govt will actually get the bitcoin, or if Saylor tries to hop ship, burns the keys, etc etc. Uncharted waters in this scenario.
Of those two scenarios, likely the latter. Although I think if they were looking to spend more money on improving their cash flows, they wouldn’t try to take market share from their competitors in enterprise software but rather look to carve out a niche in providing enterprise-oriented bitcoin solutions, layer 3 work, web5 work with @jack etc.
I don’t see them as being interested in trying to overtake IBM and Oracle, but rather being the Bitcoin enterprise software company. That’s their win condition, from a cash flow perspective
I see that nostr:nprofile1qqsq9k04vahllseell55m74n3047y88pzlr0z5yany32st29fapqmgspz9mhxue69uhkummnw3ezuamfdejj7qgwwaehxw309ahx7uewd3hkctcpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtca833ap found it's first block overnight. WOOT! I also see that I didn't get any rewards for it. I am confused...
There should be no minimum distribution amount threshold. We’re not there yet.
My response is based on what I’ve heard Saylor say regarding the subject, but basically it boils down to this:
They can’t compete with their competitors like Oracle and IBM when it comes to R&D spend, or employee acquisition/retention based on their primary business model of enterprise software. Essentially they were a business doomed to fail prior to the bitcoin treasury strategy.
By adopting bitcoin as a treasury reserve asset, they have a way to preserve their cash flows in an instrument that will appreciate against the value of their cashflows, which will increase their equity value, allowing them to sell more shares to fund whatever they want to fund, which seems to primarily be buying more bitcoin.
Now, you’re right in that there is shareholder dilution, but the goal is to have the bitcoin acquisition increase the value of the company more than the shares are diluted, similar to the acquisition of a business which provides more value to shareholders than the opportunity cost of acquiring that company, I.e. his goal is to make the purchase in of bitcoin an accretive endeavor for shareholders. So far, this has been the case.
He has essentially positioned the company to be a bitcoin investment vehicle more so than an enterprise software company. Institutional investors that can’t buy bitcoin can buy microstrategy stock and therefor get leveraged exposure to the underlying asset. They just take on counterparty risk regarding how microstrategy custodies their bitcoin. But essentially, they’re a leveraged bitcoin etf that has underlying cash flow from an enterprise software company rather than charging a management fee like a traditional ETF would.
Be weary of those who would present Bitcoin as a Left v. Right issue.
It is a Libertarian vs. Statist issue.
Sorry to hear that, friend. Write this down on some paper and hand it to some people who are around you. Someone will take the initiative and reach out to you
TIL Louis B. Mayer created the AMPAS (which runs the Oscars) to curb unions, and created the awards ceremony because "I found that the best way to handle [filmmakers] was to hang medals all over them... If I got them cups and awards they’d kill themselves to produce what I wanted."
https://www.mentalfloss.com/article/55360/why-were-oscars-created
#til #todayilearned
The entertainment industry is so FIAT
Hmmm the particle colliders are where all the elite’s gold is. Coincidence? Doubt it.
These people are the monetary equivalent of vegans.
Just let em be frail 🤷♂️
The Malthusians are so proud
Gift in one hand, knife in the other
When you’re wealthy enough, borders don’t matter to you. You have private jets, no customs, no TSA.
Same concept here and same concept as ever. Wealth is power, and not everyone can be wealthy.
People are working on this and if there is enough willpower to solve this problem, it will be solved. But as it currently stands, bitcoin reflects reality as it has always existed. If you have money, you get fucked less than those who don’t.
Case in point. “Wake up banana, you’ve been brainwashed by the Jesus freaks”
If there are two teams, i wanna be on whatever team opposes you and your ilk.
You know where the propaganda flows. You can’t be propagandized if you don’t consume media.
Only interact with open protocols. #bitcoin
#nostr
Be on the lookout for propaganda. Form core values and beliefs that can withstand change from external influence from people who aren’t family/friends.