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Unless the government is in on it. Trying to suppress the price so that we have an orderly transition into a bitcoin standard.
Remember how stupid Saylor got during his podcast circuit last year talking about credit markets? That completely fits into a smooth transition from dollars to bitcoin afforded by fractional reserve banking bitcoin entrusted to centralized third-party custody.
Yes and fiat float is up to 100% based on post-covid hysteria reserve requirements … we’re talking about a ~10% float to manage cycles with all the insight into customers’ buying behavior, back room meetings with the President, etc. you don’t think we’re early enough that they can manage a simple float? Especially if MSTR is playing ball, letting them float a portion of their stack? The magnitude of these exchanges is a huge problem for “bitcoiners” … the fact that Saylor doesn’t seem concerned by the potential float of Coinbase is a huge red flag (to me.)
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If Coinbase has 90% reserves and 10% float, that’s an extra year’s worth of issuance. Y’all don’t think Coinbase is able to float a percentage of their coins they believe won’t ever move (…cough cough MSTR.)
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Don’t know how accurate the # 10.83% is but the order of magnitude is meaningful, regardless.
2M Bitcoin is more than all the bitcoin left to be mined.
Think of the shenanigans possible with coordination of the major economies, regulators.
How it started…
I think they have cover from the US government.
Yeah, FOMO is what drives adoption. They’re doing a good job limiting market moves that demand normie attention.
No, the manipulation is real. Bitcoin maximalists aren’t being toxic enough.
Structured fund financing killed authenticity. Every investment is being positioned for a growth oriented strategy focused on exits. Real estate funds are gouging their tenants, their tenants are trying to realize economies of scale with standardization, standardized aesthetic manufacturers are using ever cheaper materials to achieve said aesthetic.
The visuals from Broadway in Nashville fit your description entirely. A bunch of bedazzled “country” bars blaring bad country music, serving cheap beer, underneath lifeless neon lights intended to cater to bachelorette parties, etc. all these bars and all this real estate is owned by some “investment group” who is intending to exit to some bigger “investment group” or eventually the public markets.
The ponzi is reaching into our real world experience. Anyone supporting “funds” or publicly traded companies (in their current forms) is enabling the experience you’re describing.


