It’s a great play.
Private companies can also issue convertible notes. I’d love to know if anyone has raised capital for this kind of arb at a small, private level.
Think of permanent equity with a 30 year lock up - plenty of family offices/PE funds have that kind of structure too.
What’s the micro, micro, MICRO version of Microstrategy $MSTR?
My crude summary of Saylor’s move is to issue corporate debt to buy bitcoin, and as it has appreciated significantly over time, the value of MicroStrategy's holdings has surged, outstripping the costs of the loans.
A bold arbitrage.
So, I’m keen to know if anyone is doing this at a lower level - eg a private, bland business?
I own a biz generating 27% NPAT.
#bitcoin #business
Yeah #bitcoin is cool, but have you ever had 3x ice cold Asahis after walking 30,000 steps through Tokyo on a summer day?
Yes! Satoshi is not the messiah, he’s a very naughty boy!
1. Join a community
2. Build for them
3. Ship and iterate fast
And now for something completely different…
These are getting creative and increasingly amusing

The only thing that is pumping in Australia is the property ponzi and the resurfacing of the Aussie peso $AUD
Yep, totally did this on day 1
It’s anti business. It’s anti innovation.
Eerily similar to the policies in late 20s/early 30s USA which caused economic and currency collapse
Yesterday in #tokyo headed up the nostr:npub1vmpf90hq56wzyxht6teg3llpa74rzcepw9suj5unxl3tph24zd4qgtxhm7 day at the Japan Bitcoin Conference! thanks to Joe and everyone else for being such amazing co-organizers for the event and to nostr:npub1r7psmkr4zv93xnal8un6d8hvmpsn5jvhfzn3kk38rfcel6awznks7znspg + nostr:npub1vm8ysnhr3dhqw4sa9c0esuf5x5eldgt53qrz4vpe9x89fasqn7zqks9a6c for showing up to run a great LARP; first one in Japan 🇯🇵
Looks fun!
Thanks.
It’s an interesting space and still got that new-social-media-shine.
Alright, so I was really starting to “get” #bitcoin thanks to long discussions with nostr:npub1cw9lrvyu72t9wfzmxkpq4k8r6nghpu3n7042tmu6nc28ur6td25q8mpsr3 and reading nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ‘s wonderful book #BrokenMoney
But now Scottie is making me a BULL
(Pun intended)

Alright, so I was really starting to “get” #bitcoin thanks to long discussions with nostr:npub1cw9lrvyu72t9wfzmxkpq4k8r6nghpu3n7042tmu6nc28ur6td25q8mpsr3 and reading nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ‘s wonderful book #BrokenMoney
But now Scottie is making me a BULL
(Pun intended)
Continuing thoughts on #bitcoin as nostr:npub1cw9lrvyu72t9wfzmxkpq4k8r6nghpu3n7042tmu6nc28ur6td25q8mpsr3 Orange Pills me.
I have always had an issue with #property in Australia - the median house price vs median salary is absurd, land taxes, council rates, stamp duty…on and on.
Crazy focus on wealth extraction rather than being productive.
Now, affordability has never been worse and renting is an even dire situation.
The government’s answer is to turn the printer on, hand out fiat and incentivise new home owners into think that a 30 year mortgage with only 5% equity is a great idea.
I think the orange pill is going to become very easy to swallow for more and more Aussies.
#auspol

Where in the world is productive, #bitcoin and business friendly, has quality education and healthcare?
What do we think about this?
Propping up banks and property in #Australia
Must.
Keep.
Ponzi.
Going.

There’s such disparity in the quality of sci fi and fantasy, but when the suspension of disbelief and sense of wonder hook me I go all in.
I love a complex and less obvious hero’s journey like GoT too.





