Elon controlling a trillion $ is good. But there are people who control more: US senators
Capitalize the federal budget as a perpetuity & each US senator controls ~$2.9T
We gave 100 politicians 3x Elon's $ each, with no history of being good allocators. That's the misallocation
seen some takes on "i'd buy SPCX in 3 months at a lower price"
sure - but that's on a fundamentally different thesis
the thesis at open should be entirely based on flow - val doesn't matter
because you have a stock that has
- 4.2% float
- o/w only 20% to retail -> this means 0.8% possible sell pressure (rest to long-only)
- o/w >50% won't sell given flipping policy / natural hodler -> 0.4% possible sell pressure
while index funds are expected to buy 20bn / 1%
1% >> 0.4%
it's like elon launches at coin with 99.6% control while a DAT is coming in 2 weeks. insanity
@stoicsavage dont understand the latest big deposits to the orchard pool, like yeah you buy maybe betting on the bounce, etc.... but why shield and risk it?
@mert@jswihart
Dont you think @zodl_app limited a lot of people by not being able to sent unshielded zec?
like you want to sell to cover or whatever but near intents were down that was the only exit since majority of protocols don't accept shielded txns?
At least have the option to enable somewhere when something serious happens???
if not, how can you really rely on your wallet if is limiting functionality to you?