npub1h4lrz
2mo ago
@Saifedean Ammous any thoughts on Coinbase, etc. fractional reserving MSTR’s bitcoin? How does any current or future fractional reserving get revealed by the market?
Feels like you’re the only voice that’s been willing to challenge Saylor on the weaknesses of his framing of bitcoin.
Unclear why Saylor wouldn’t implement proof of reserves in some form or fashion. It would only be upside to MSTR’s valuation as well as to him personally.
Feels like you’re the only voice that’s been willing to challenge Saylor on the weaknesses of his framing of bitcoin.
Unclear why Saylor wouldn’t implement proof of reserves in some form or fashion. It would only be upside to MSTR’s valuation as well as to him personally.
npub1h4lrz
•
2mo ago
We should have gone over $100k last cycle. How high would the blow off top have gone? $105k, $150k, $200k? Who knows. But we should have had that blow-off top and we didn’t because of the DeFi shenanigans.
FTX, BlockFi, Celsius had 150k bitcoin that they had to liquidate? How much paper bitcoin was caught up in those psyops? A couple hundred thousand?
Here we are - 9 months after the halving - still floating around a purchasing power of $100k. Bitcoin influencers everywhere - even the hardcore maxis - are drooling over MSTR.
MSTR has exchanged dollars for claims on 450k bitcoin. You don’t think there are games being with the bitcoin they have bought? How much price suppression can COIN and MSTR and financial/government actors achieve by fractional reserving MSTR’s bitcoin? How does the fractional reserve scheme get exposed when governments are backstopping COIN?
FTX, BlockFi, Celsius had 150k bitcoin that they had to liquidate? How much paper bitcoin was caught up in those psyops? A couple hundred thousand?
Here we are - 9 months after the halving - still floating around a purchasing power of $100k. Bitcoin influencers everywhere - even the hardcore maxis - are drooling over MSTR.
MSTR has exchanged dollars for claims on 450k bitcoin. You don’t think there are games being with the bitcoin they have bought? How much price suppression can COIN and MSTR and financial/government actors achieve by fractional reserving MSTR’s bitcoin? How does the fractional reserve scheme get exposed when governments are backstopping COIN?
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