We get some interesting requests… this is one of them haha nostr:npub1zafcms4xya5ap9zr7xxr0jlrtrattwlesytn2s42030lzu0dwlzqpd26k5
Appreciate that y’all even laughed about this! 😏😂
If he doesn’t control it, he will fight it.
I legitimately look for him to try to legitimize DOGE through this role he’s taken in DJT’s “administration”
The central bank of Elon
Totally unrelated but netscape made me nostalgic … Is there any way to integrate the baseball theme sounds from Windows 98 into DAMUS?
Awesome! Assuming you’re new to NOSTR, consider fewer relays…too many will jack with your experience! Love the video!
Nope, my miners will continue to run the OG bitcoin.
Let them fork it. I’ll continue to run the OG bitcoin.
I’m done celebrating lower prices. I stacked as hard as I could. It’s time to send it.
What’s the next company to make the proposal? There are literally hundreds. Starting with one of the biggest gets the message out…but more likely smaller companies are the first movers with this strategy.
So Coinbase is rehypothecating MSTR’s Bitcoin? And we should be cool with that?
Literally no downside to MSTR to posting proof of reserves. Plenty of upside.
Why wouldn’t he? If there is nothing to hide, he absolutely would post proof of reserves. IMO…
I would just be surprised if there are sellers at that scale. Also, when the ETFs buy 5k Bitcoin on a day, the price usually rips … when they sell 5k on a day, the price usually falls.
We’re talking MSTR having lots bigger smash buys. I just do not believe him at his word. Post the onchain addresses and put an end to my paranoia.
It’s a superior feature of bitcoin…why not use it?
#proofofreserves … I don’t think the market dynamics support that he is buying as much as he claims.
Annual distribution of new bitcoin is only ~160k BTC per year. nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m claims to have bought ~90k in the last couple months?
Institutions have value. There does need to be a reverence for legitimate human coordination. American government institutions as they were originally forged under a sound money standard are pretty dang good.
Can we increment to improve? Sure. But blowing the whole thing up because of how fiat money has perverted them? That seems to be cutting off our nose to spite our face.
Bitcoin brings discipline and merit back to institutions who have been perverted by the lack standards afforded by fiat.
“Max pain” will soon be felt by the masses that chose not to buy bitcoin at $100k because it was too expensive. Then we’ll blow through the disbelief stage and when the same individuals who didn’t buy at $100k finally decide to buy and buy big, it’ll be time for “max pain” through a bear market.
I don’t make the rules…
Proof of reserves for #MSTR #Microstrategy has no downside risk. Only upside potential by verifying -onchain - that one of the largest holders of bitcoin actually holds the bitcoin they have been claiming to hold.
nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m ‘s messaging is 100% correct … he’s got so many people that have or are wanting to put trust in him.
But in this community we verify, we don’t trust.
I want him to be right, I want him to be the richest man in the world. He is telling the world exactly how to “win” … now let’s make sure he is walking the walk in addition to talking the talk.
#Proofofreserves
If the USA and Russia do a national reserve, we may just see an omega candle like nostr:nprofile1qqsvnvvlln2ru6jlyweayugxecv7ftfdlzd6zqca63sh7x6ercggjegpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueqpp4mhxue69uhkummn9ekx7mqsu0f2w predicts.
Honestly, we should be seeing Omega candles when nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m buys. If he is buying 10k, 20k, 50k bitcoin smash buys, then that dwarfs the impact of the ETFs to date. And when the ETFs have inflows of ~5k BTC the price action rips.
Something is weird on that front. As a shareholder, I’d like to see proof of reserves from MSTR.
We’re due for a really, really big green candle. On the log scale. Send it.
It’s not about the amount of gold…it’s the cost of mining a certain amount of gold.
Just like “volcano” bitcoin mining will never compete with flare gas bitcoin mining because it is too expensive, if the El Salvador gold is very costly to mine, it won’t be mined.
This dynamic is very much at play in West Canada oil sands. They have so much oil in West Canada…but it is extremely expensive to produce. So when the oil price is below $100/bbl, West Canada doesn’t attract capital. If the price of oil shoots to $120/bbl then capital will find its way to West Canada and the incremental production will put pressure on the price back down towards $100/bbl or lower.
The terms probably don’t allow them to use it for bitcoin accumulation. I wonder if they can use the IMF loan as “collateral” in other markets and raise more private debt to buy bitcoin.