Without proof of reserves, MSTR is positioned to be the FTX of the 2024 halving cycle.

Don’t give an inch. Bitcoin only. Everything else is a shitcoin.

Bitcoin is repricing money. Repricing the world. Repricing Time.

*Every* industry. nostr:note158ks5edmtmymm2dutdgvyrukrmrfpgd3r0ms2g9cf2nrhe8pjeysuhncvt

Personally, I’d just not like to be collateral damage in the short term if we can avoid it 😂

That’s the cool thing about bitcoin. Because it’s auditable THEY can prove it. And I am expecting that THEY provide corroboration that their words are true.

Burden is on them. I’d say the simple FACTS about how much they claim has been bought relative to the new supply issuance suggests that I am right.

But THEY (should) have the addresses. Burden of proof is on them.

Love your energy. Hope you’re right. Network effects have been slow.

Frustrated with the state of things today. Gonna do a 36-hour fast to help process it.

Okay. So show me where on the bitcoin blockchain shareholders can see MSTR’s stack. That’s a killer feature of bitcoin and one of the reasons Saylor claims to be a bitcoin bug. Fully auditable. Superior capital.

Let’s see it then.

But it falls apart into another bear…like FTX.

It is suppressing the upside on Bitcoin. And when it blows up, we’ll get the downside to bitcoin.

We need to be calling it out and making people answer the difficult questions now in hopes that we can make it stop before it blows up.

Specifically, the influencer class needs to stop worshipping Saylor. Clearly his tone has changed over the last 3-6 months and we need the voices in the industry to hold him to account.

https://tenor.com/view/the-big-short-fuck-angry-gif-21062726 nostr:note1c9q0l0d7ylcgeth6tledqrfr8a4a98v52285kpy0sycpfvupxx8stgzf4e

nostr:note1c9q0l0d7ylcgeth6tledqrfr8a4a98v52285kpy0sycpfvupxx8stgzf4e

The ETFs have bought ~2.5x the new issuance of bitcoin since their inception.

MicroStrategy (alone) claims to have bought ALL the new issuance of bitcoin over the last year.

“…But but but ‘profit taking’…” is keeping the supply shock from occurring?

No … Coinbase - enabled by others - is fractional custodying bitcoin. We have huge amounts of paper bitcoin suppressing the price.

1461 days from the first *aggressive* allocation

So disappointing. Just incredibly disappointing. On so many fronts.

So many bitcoiners should have one reaction and they are simping so hard … across the board. That’s why the whole influencer culture needs to die. It isn’t about “truth” it’s about clout and “reputation”. And that’s why they all just huddle up and play with each other. Not many can make it through the volatility with their intellectual integrity intact.

Indeed.

If we were early, you’d expect a huge move.

The Wall Street players & Coinbase are totally in cahoots to keep this bull market more orderly than bull markets in the past. It needs to feel “traditional” so that their customers will keep buying the ETF. So far they’re accomplishing that objective.

I am pissed.

Which bank will be the first to implode because they fractional custodied bitcoin?

“There is no second best (unless it is politically advantageous).” - nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m

CEO | Shitcoin Magazine.

Thank you nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

stay humble, stack sats nostr:note1rhl2zas5730xt52yejtp65u7xrt7c2qjc2l4zjnvymk48dfwqfxqg72guv

Are we going to let Coinbase fractional custody the US strategic bitcoin reserve, too? When proof of reserves? #MSTR #USA

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle

I don’t believe that. Far too long with very little volatility. There is clearly manipulation.

MSTR alone is claiming to buy 30%+ of the new issuance each and every quarter.