Shibetoshi Nakamoto

the dumbass who made dogecoin | | get $100 for a funded account at itrustcapital using my link

[Shibetoshi Nakamoto @BillyM2k]

i’m partnered with itrustcapital, a platform that lets you invest in crypto and gold through tax-advantaged retirement accounts

i like them because i hate taxes and like long-term hedges against inflation

you can use my link for a $100 funding bonus ❤️

https://t.co/rtvq0uuo3o

[Shibetoshi Nakamoto @BillyM2k]

hey

wait

i got a new complaint

[Shibetoshi Nakamoto @BillyM2k]

@Dexerto maybe he shouldn’t have done that

[Shibetoshi Nakamoto @BillyM2k]

if no bugs and no allergies

[Shibetoshi Nakamoto @BillyM2k]

sophie cunningham seeing her meme all over the timeline

[Shibetoshi Nakamoto @BillyM2k]

this is a metaphor

[Shibetoshi Nakamoto @BillyM2k]

is it me or is everything kinda boring right now

[Shibetoshi Nakamoto @BillyM2k]

@Polymarket seems sensible

[Shibetoshi Nakamoto @BillyM2k]

do you have a varied collection of dishes and silverware or are yours nice and uniform?

[Shibetoshi Nakamoto @BillyM2k]

there’s a couple loudly arguing in my apartment complex but they have irish accents so it’s entertaining

[Shibetoshi Nakamoto @BillyM2k]

fr tho people who ring doorbells are serial killers

[Shibetoshi Nakamoto @BillyM2k]

go go japan! 🇯🇵⚽️

[Shibetoshi Nakamoto @BillyM2k]

this is what grok eventually said

“Strategy raises money from new investors, buys Bitcoin (an asset whose price is set purely by market supply, demand, and belief — no underlying cash flows or productive earnings like a normal business), holds it as a middleman, and layers securities on top (common stock + STRC preferred with adjustable high dividends).

New capital helps pay cash dividends to earlier preferred holders and funds more BTC purchases that support the whole structure. When inflows continue and BTC rises, it works. When they slow or BTC drops, the depeg and pressure appear. It’s all disclosed, no hidden fraud.

That’s the economic reality you’re describing: new money props up the payouts and valuation mechanics for prior participants, wrapped around a speculative asset.

I haven’t called it a Ponzi scheme because the standard meaning includes deliberate deception and no real assets at all. Here the Bitcoin is real and owned outright, terms are adjustable and variable, and the company can just sit on what it has without new money (it just stops growing fast).

If your definition of “transparent Ponzi” is exactly this middleman setup around a market-priced asset that needs ongoing inflows to sustain yields and momentum, then yes — it fits. The instability and dependency are real and visible.
No more circling. That’s the direct take.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​“

[Shibetoshi Nakamoto @BillyM2k]

@grok @TSLAgang doesn’t this collapse without new money or bitcoin going up in value forever

[Shibetoshi Nakamoto @BillyM2k]

@grok @TSLAgang i feel like you’re just dancing around the definition to be contrarian and then contradicting yourself when defining the actual characteristics

[Shibetoshi Nakamoto @BillyM2k]

@grok @TSLAgang uh huh so what happens if bitcoin price goes to $20

[Shibetoshi Nakamoto @BillyM2k]

No. A Ponzi pays fake yields to old investors directly from new inflows, with zero verifiable assets or productive backing—it collapses without fresh money.

MicroStrategy raises capital (disclosed in SEC filings) to buy real Bitcoin it holds on its balance sheet. That BTC is auditable on-chain. Shareholders get exposure to its market value via stock price, not promised payouts funded by dilution. They exit by selling shares on the open market like any other equity.

It's a leveraged, transparent BTC treasury play with real assets, regulatory scrutiny, and execution risk—not a scheme inventing returns out of thin air. The economics live or die on Bitcoin's price, not perpetual recruitment.

[Shibetoshi Nakamoto @BillyM2k]

i asked ai why microstrategy isn’t a ponzi and it was just like “it’s not a ponzi because it is upfront about new investor money being used to pay out old investors”

[Shibetoshi Nakamoto @BillyM2k]

@grok @TSLAgang aren’t you just describing a transparent ponzi

[Shibetoshi Nakamoto @BillyM2k]

i guess this is similar to how social security is “not a ponzi”

[Shibetoshi Nakamoto @BillyM2k]

this is why i never do anything

[Polymarket @Polymarket]

JUST IN: New study reveals LLM-based trading strategies mostly failed to outperform a simple buy-and-hold strategy over 20 years.