Was this David Bailey? #longyourlongs
Jan 18, 2025
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Man, those of us who went all in starting in 2021 are getting boned on a relative basis. Sucks.
Miners are getting just absolutely boned right now.
Satoshi vs. the Deep State
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Waterboarding still trendy in the US
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She’s an idiot for filming it and posting it.
You probably made his day and he’ll remember that good deed for months, maybe years to come. Well done!
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The last, great shakeout for class of 2021 before Valhalla? 😅
It makes the fraud more egregious.
(1) here is the bitcoin … you can see it is all there.
(2) I am going to take a step to compromise the bitcoin that is on the chain by collateralizing it as debt to do something different.
Step 1 is a duh step…why WOULDN’T he do it? It only derisks his strategy which would benefit his shareholders. It removes counterparty risk with Coinbase and Fidelity doing things with his btc that MSTR shareholders do not approve of.
Step 2 without explicit disclosure is likely illegal and would completely betray the trust of anyone who gives him the benefit of the doubt that he ISN’T actively undermining the bitcoin market.
I don’t understand the resistance. Bitcoiners should hold other Bitcoin accountable to the beneficial attributes of Bitcoin the technology. The verfiability of Bitcoin on the blockchain means I can expect that MSTR would provide proof of reserves.
The fact that they don’t - and the best argument being there are other mechanisms for them to cheat don’t doesn’t matter - is very disheartening. I expect you, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a , nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z , nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe and any and all others who have an audience with Saylor to push him to do the thing that a real bitcoin company would do … provide proof of reserves.
MSTR now holds ~3 years of global bitcoin issuance! Lots of funny business is possible just within their stack.
That’s an extra level of fraud. Let’s get the first step, first.
Then we’re just back to trust…not verify.
Just a little snark, You’re the dood going to his parties and advocating for MSTR on the podcast circuit. You’re on a much better position to affect change than little ol me.
Agreed. Speaking of, when MSTR proof of reserves?
What did the bitcoin audit reveal? Or is it another public swing and miss by David Bailey?
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