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Toby McMann
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Bitcoin enthusiast | Nostr only Nosce te ipsum

From his convo with Saif, it doesn't sound like Saylor wants to loan bitcoin to anyone except "too big to fail" banks, effectively willing to maximize his return with the expectation taxpayers will bail him out when the banking system's rehypothication all goes wrong.

Nothing illegal with borrowing or lending, and I appreciate Saylor's transparency, but his willingness to dump his tail risk on innocent taxpayers, just so he can earn an additional 5%, is NOT consistent with bitcoin's reason for existence, which is a protest against harmful bailouts and the rehypothication.

People just need to realize Saylor and MSTR's greed and outsized risk appetite fuels the type of destruction which bitcoin is designed to avoid. He is not a maxi.

From his convo with Saif, it doesn't sound like Saylor wants to loan bitcoin to anyone except "too big to fail" banks, effectively willing to maximize his return with the expectation taxpayers will bail him out when the banking system's rehypothication all goes wrong.

Nothing illegal with borrowing or lending, and I appreciate Saylor's transparency, but his willingness to dump his tail risk on innocent taxpayers, just so he can earn an additional 5%, is NOT consistent with bitcoin's reason for existence, which is a protest against harmful bailouts and the rehypothication.

People just need to realize Saylor and MSTR's greed and outsized risk appetite fuels the type of destruction which bitcoin is designed to avoid. He is not a maxi.

Energy + time = life.

#bitcoin is life, dematerailized.

For macro commentary, I find that nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm and Luke Gromen analyze the world through different lenses, and taken together can help triangulate the issues, over time, very well. Luke is particularly insightful in this week's interview on Macrovoices #448, shining a light on the cumulative, geopolitical trends impacting the dollar versus gold, oil and #bitcoin.

Replying to Avatar ODELL

Lifelong memories

Welcome, Tara. Under the heading of dazzling profundity and deep thoughts on a Sunday afternoon....

Humility is the recognition of a world bigger than you, an expression of spirituality and faith, which supports self care and freedom. Sats are a symbol of truth and reality, as is Nostr.

"Have faith, choose truth" <--> "Be humble, stack sats" <--> "Let go, use Nostr"

Earlier in the interview he argues that, long term, bitcoin's price is independent from that of stocks, but that the short term correlation and factors influencing price can vary. So, the statement that equities or other macro factors have no connection to bitcoin is a bit odd, in that it is unclear over what period he is referring (ie, clearly there have been many periods of correlation).

Feeling a lot of love and gratitude for the freaks and nostriches today. Have fun, remove expectation from your actions, and just play for the love of life.