Conferences are shitcoins. nostr:note1a4z0a0nsn4tmzsyr6383n5s4evp5x4ccd29836a0rymtjfrz6rksuqm8ln

Doesn’t the Coinbase loan structure create a taxable event? The convert to wBTC.

Yet again Coinbase showing they’re a shit company scamming the public … one of MSTR’s custodians btw.

Maybe we all celebrated $100k a little too hard. Maybe it is a mental hurdle for the wrong reasons (anchoring) rather than the right reasons (price discovery).

We should be expecting to blow through $250k and to charge at $500k this cycle. With all the good news around us we should be asking why isn’t it happening. Not even close. nostr:note1kx7tsy3y9ayrl9e7wju74fc2945qtv45h4hzfjzlyfx54hyu2mpsk0ksuy

Based on the chart, it is - objectively - the worst bull run ever.

Worst. Bull. Run. Ever. nostr:note1am437qe2xr33hjaheduc6wsrm0qqqqseg80hz6dl6rajhlp58dgsqn64ek

Gotta make sure the institutions aren’t papering over our pristine asset, though. Need to hold MSTR, Coinbase, etc. accountable to the best of bitcoin.

Don’t trust, verify.

Sequoia

I bet it will be bitcoin related. Probably the same Satoshi one as last year. Recognizable for those already into bitcoin, easy to read for those who are not. Probably results in the greatest reach…which is why he does it.

(Currently sitting at the worst 4-year return for bitcoin holders ever FWIW).

Gonna need a BIG pump and gonna need it soon.

I’ve view it as follows: The 4 Gospels are Truth. Everything else is written for persuasion and can use embellishment, metaphors, storytelling to convey God’s message.

Wyoming should be first. Surprising that they let themselves fall behind Utah and Arizona.

We’re currently sitting at one of the worst (if not the worst) 4-year CAGRs in bitcoin’s history. ~20%/year

Where’s the proof of reserves? Coinbase is fractional reserving MSTR’s bitcoin. Bitcoin podcasters need to stop celebrating MSTR.

Cold storage your bitcoin. Not your keys, not your coins.

All this good bitcoin news in the last 4 months and no bitcoin purchasing power pump…

…almost like there is artificial bitcoin supply out there throttling the potential supply shocks…

I understand that proof of reserves isn’t perfect. I understand that. 100%. And they’re right, it isn’t perfect.

However, give us proof of reserves to begin with … let’s see the bitcoin on the blockchain. MSTR should be able to point to ~500k bitcoins and say … those ones are the ones we bought…right there!

And then let the public disclosures start to report their leverage against their Bitcoin. Then maybe we start to demand that they line up the blockchain addresses to match their financing strategy. Maybe there are certain “accounts” or UTXOs disclosed as levered bitcoin or some other transparent solution.

This whole “proof of reserves isn’t perfect therefore we shouldn’t demand it.” is an incredibly bad take. and it is a take held by some of my favorite bitcoiner personalities.

They never would have gone for it if Saylor wasn’t out there being one of them on the podcast circuit. If it was a bank who was doing this … with no public face orchestrating it, no Saylor ramblings on only the top 5 bitcoin podcasts (with maybe a surprise appearance on a smaller one), every bitcoin podcaster would be berating the company to disclose. “Do not trust. Verify.” Used to mean something.

But no — They’re getting invited to parties. They’re getting invited to conferences where their entire trip is comped. Ego is creeping back in on them…

Sitting here today with a ~20% CAGR for purchases made end of January 2021.

Among the worst 4-year performances in bitcoin’s history, if not the worst.

Will any of y’all cool kid podcasters please talk about MSTR’s custodian(s) not having the bitcoin? Coinbase being the most likely culprit.

MSTR can allocate all the capital they want to this asset. Their allocation can get audited by fiat auditors. Everything can pass the smell check for fiat equity markets. But if they’re not ensuring someone is taking 100% custody of the bitcoin then they’re enabling paper manipulation of the supply cap.

Was super disappointed listening to nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy rip with Jeff. Everyone is just straight up MSTR hype … no one is addressing the *obvious* risk in the room.

Listen, if companies really integrate absolute scarcity into the existing fiat markets, the arbitrage opportunities are endless and massive in wealth creation. So yes…I love MSTR in theory. But if it is just fiat games played with Bitcoin … real bitcoiners will be hurt.

The longer we flounder here around 50% above last cycle’s ATH, the more likely fractional reserving MSTR’s bitcoin is happening. nostr:note15dzh7ew0fke0k4qkcxyexrfetvasvdcuekmg5qmkzrw0cgwlhn5qcq3f46

Worst. Bull. Run. Ever. nostr:note1skz38pmy38xjthh5kclmft5txkyz3qrtdslvcv32nwcj300d63uslavptg

That move at the end to put his glasses on after he interrupts and pontificates is a masterclass in weasel politicking. Just complete scum.

Our Senate has been captured.

Great job, Tulsi.

Surety of access to arctic shipping channels