On a long enough time frame it’s too damn complicated for me to fully wrap my head around.

I.e. MSTR can become a fiat black hole and buy every bitcoin available on the market….but then what? If there are no coins available, then they can start buying back their stock, shrink the float even more, $/share keeps going up. But then what?

I suppose all your models are destroyed and bitcoin goes to the moon, the dollar dies, mstr is the largest company on earth.

Government pressure surely could stop Saylor from continuing the plan I suppose. But that doesn’t stop bitcoin…but hence why people going all in MSTR are foolish. Trusted third parties are security holes and there are a lot of trusted third parties in tradfi.

That game is rigged and I will not be surprised one iota if they try and take MSTR behind the shed the same way they did GME.

I’m at less than 1% but there’s a real chance it does go to 10’s of thousands. Worth the punt. If not it should at least mostly keep up with BTC

Speculation:

OG dumps 1000 coins at the top.

OG goes mega leveraged short at the same time.

OG scoops up way more than 1000 coins after leverage wipe.

OG proves OG’s are still in control of this market when they want to be.

Just a guess, big if true!

I’ve got some long term option contracts, no shares.

Prior to this buy $MSTR held 158,400 #bitcoin  and had 14,221,000 shares outstanding. Giving each share equivalent ownership of ~.01113 BTC.

Now there are 15,410,588 shares outstanding with each having the equivalent ownership of ~.01132 BTC.

This is a +1.7% increase in the bitcoin holdings per share.

This is NOT dilution. Few understand!

https://x.com/saylor/status/1730226879125160426?s=46&t=V27jJ5Ixsb9ZMB1SrtddYA

To all my prepper inclined friends out there, get yourself a PCP (Pre Charged Pneumatic) air rifle. No KYC in most states - not considered firearms. Can buy suppressors for them too, which are not NFA regulated (labeled for airgun use only), can buy off the internet, ship to your house. I usually use Airguns of Arizona.

.177 or .22 will handle anything up to a raccoon no problem, can get bigger calibers for bigger game.

Dirt cheap to shoot, quiet as a mouse. Don’t get me wrong you need firearms too if they’re an option for you, but a PCP is such a wonderful tool.

Favorites:

Cheap option - Umarex Notos

Expensive - BRK Ghost

I like MTC Optics, made for airguns. Zero eye relief prism sight is my favorite but they’ve got traditional riflescopes too.

Air source - can use a PCP compressor, hand pump, or scuba tank. I have a cheap compressor, but good to keep a hand pump available just in case. Scuba tank is easiest if you have a scuba shop near you.

JSB Hades Pellets (or the FX branded version)

Who would have thought that the next great bitcoin conflict post Blocksize Wars wouldn’t be covenants, ordinals, or drivechains, but the Israeli-Gaza conflict!

Fix the money, fix the world, it’s the only way.

Mempool

Tell me everything

Check out Icon post bull market.

Icon4x4.com

.223 back in stock at Fenix Ammunition.

Affiliate link: http://rwrd.io/rn13bkj?c

Thank you and you’re welcome

I’m Jewish and despite my best efforts to be unbiased and anti-state I usually fall in favor of Israel.

I find any historical claim on either side to the land to be ridiculous. We are where we are at this point. Israel has won many military conflicts, offered many peace deals. Hammas isn’t interested in negotiating. I also think the British used the Jews to take care of their dirty work.

We would have been better off in the Congo. But here we are, what is Israel supposed to do when Hammas says there is no negotiation possible and they are hell bent on the destruction of Israel?

It’s a tragedy, but the only way this ends is the destruction of Hammas or the destruction of Israel. These are extremists.

I do not understand why no Arab countries will take Palestinian refugees. There’s a lot I don’t understand. I also listened to Kushner on Lex Friedman and it seemed like maybe there was a path to peace, but that’s been well and truly botched at this point.

Anyway, that’s my stream of thoughts, hope it helps. Looking forward to reading what you put out.

So all FPPS pools (most of them) got screwed and had to pay miners almost double in tx fees today because of the 20BTC fee someone paid.

They won’t see any of that money but they have to pay out the rolling average fee for the whole network each day (past 144 blocks). Recent average has been ~30btc per day in fees, today it was 50.

Interesting attack vector. A malicious non-FPPS pool could self mine their own transactions with very high fees and put all the FPPS pools out of business. They might have to start filtering out these outliers, or more likely switch to PPS+ which would lead to pool consolidation.

PPS+ pools pay miners the average fees for the blocks they themselves mine. Safer for the pool, but most miners prefer FPPS because it eliminates more variance…unless the pool is big enough that their personal average is statistically equivalent to the FPPS average - hence the consolidation.

PPLNS pools (basically just Braiins at this point) are unaffected. Although it would have been very interesting to see What would have happened if they would have won that 26 BTC block. Can’t imagine there would be any chance the sender would be able to recover funds whereas Chun from F2Pool has already unilaterally offered to return the funds (and is presumably eating the higher FPPS fees as well).

All while using Coinbase as their own custodian. Wild

Get this man a hat!

Ain’t it pretty, ok off to bed

🫣 nostr:note1usrknzmtkjqqv5v2h03mnnk6v7uuhea5gp3jpcwwg6l33hvpgfasx9t5pm

🫣

I saw A first

Reddit front page, these people terrify me.