Richard Gazinya

[Richard Gazinya @DickGazinya5]

@wingstop your ofallon MI location didn’t deliver half my order and will not answer their phone. I want a refund. Ridiculous

[BrunsonBurnerBTC @wschweitzer]

@SenatorSlotkin No, you voted no to protect the banks that fund you.

[Richard Gazinya @DickGazinya5]

@MorEdge_Insight Goat

[Richard Gazinya @DickGazinya5]

@realBrandonGill Sounds like a nice urinal.

[Zaid 🟧 @zaidlikesmstr]

$MSTR

Don’t let the price action over the past year distract you from the scale @Strategy has reached.

A stock down 80%+ from its highs now sits at $4.65B in cash.

That’s more than 3.5x the company’s entire market cap just six years ago.

Expect that number to reach $5B real soon.

Perspective is everything.

When volatility turns the other way, it’s going to melt faces.

$BTC $MSTR $STRC

[Richard Gazinya @DickGazinya5]

@btcnewsalerts @Excellion Good points. But seriously - does every half sentence need to be its own paragraph? Learn how to write. Or maybe AI did it for you?

[Richard Gazinya @DickGazinya5]

@lukesterbu You could’ve made that selling 10 covered call contracts over a 60 day period and still kept the stock.

[Richard Gazinya @DickGazinya5]

@MyGolfSpy Tour Edge of course.

[Richard Gazinya @DickGazinya5]

@pbtips_ Sanchez is not the problem.

[Richard Gazinya @DickGazinya5]

@JoeBiden @littlebrown Can we get the audiobook?

[Adam Livingston @AdamBLiv]

Nobody warns you. That's the sick part.

Nobody sits you down and says, hey, if you spend one weekend actually reading about money, you will lose the ability to enjoy anything for the rest of your life.

Your brother-in-law just mentions it at a barbecue. That's how it starts. Some guy holding a hot dog says "you should look into Bitcoin" and you laugh at him.

You laugh AT him.

You make the tulip joke. You feel superior for eleven more days.

Then it's 2:47 in the morning and you're on your fourth Saylor podcast and your wife thinks you're having an affair.

And in a way, you are.

You're cheating on your entire worldview.

ou came in to debunk it. That's the trap. Everyone comes in to debunk it. You wanted to find the flaw, dunk on your brother-in-law, and go back to your Vanguard target date fund like a respectable adult.

Instead you found out what happened in 1971 and now you can't make eye contact with your 401k.

Because here's what actually happens.

Bitcoin is cool and all, but you REALLY learn about the dollar. Bitcoin is fine, Bitcoin is twenty-one million and a schedule, you understand it in an afternoon. The dollar takes months, because every time you think you've hit the bottom of that thing there's a trapdoor.

The Fed just... prints it? And they gave how much to the banks in 2008? And the banks did WHAT with it?

And the guy who ran that got a MEDAL? You're up at 4am reading about the Cantillon effect like it's your kid's toxicology report.

Then comes the phase where you're insufferable.

Everyone goes through it, nobody admits it. You ruin Thanksgiving. You genuinely ruin it. Your aunt says turkey prices are crazy this year and you see your opening like a lion seeing a wounded gazelle.

Forty-five minutes later you're drawing the M2 money supply on a napkin and your mother is crying and your uncle is saying "it's not backed by anything" for the ninth time while his pension is backed by the promises of a government that's thirty-seven trillion in debt.

He's worried about YOUR risk profile.

He has unit bias so bad he'd rather own a whole Shiba Inu coin than a fraction of the hardest asset ever created, because his brain, poisoned by seventy years of fiat, thinks "whole thing cheap" beats "piece of thing good."

And the prices. God, the prices. You can't turn it off.

You're in the grocery store repricing eggs in sats. The eggs are getting cheaper in sats. Everything is getting cheaper in sats except your will to explain that to anyone.

You look at a house and you don't see a house, you see the number of Bitcoin it costs, and that number falling forever, and you realize the housing crisis is a measuring stick crisis, and you say this out loud at a dinner party, once, and now you're not invited to dinner parties.

Then the anger burns off and something worse arrives.

Clarity. You realize nobody is coming to fix this.

The people in charge KNOW. That's the part that breaks you. They're not stupid, they're incentivized.

The debt can't be paid, only inflated, and every serious person in a suit on television knows it, and their plan is to be dead before the invoice arrives.

So you buy. Coinbase, first time, hands shaking like you're doing something illegal, and the fee annoys you, and that annoyance is the last normal financial emotion you will ever feel.

You set up the DCA. You learn what a hardware wallet is. You write twelve words on steel like a doomsday prepper, because that's what you are now, except your bunker is math.

And then the loneliness. Nobody tells you about the loneliness. You've seen it. You can't unsee it.

And you're surrounded by people you love who are working forty years to fill a bathtub with the drain open, and when you point at the drain they get mad at YOU.

So you stop pointing. You just stack quietly, in the dark, waiting for the day one of them comes to you, at a barbecue, holding a hot dog, and says the words.

"Hey... you were into Bitcoin, right?"

And you smile. Because it's their turn in the barrel.

Welcome. Nobody warned me either.

[Mocha @monster_models]

I just spoke to my dad for the first time since he was paid his first $STRC dividend four weeks ago.

He didn't understand why the price had fallen so far from par.

I was honest with him — neither did I.

I told him the latest theories about accounts in TradFi getting wiped out on leverage, but margin debt is so abstract to a farmer who barely ever touches his investments that I'm not sure this made much sense to him.

After talking through the situation, I came to realize that, yes, my dad was concerned — some would say worried — but not for the reasons most people would think.

"Just remember, Dad — you're still going to be paid the same dividend, regardless of the market price."

"Okay, but... how?"

That was the moment I realized my dad had fallen into an unfortunate misconception I've noticed even among some in the #Bitcoin community — something that I'll call the dividend yield fallacy.

We all grow up learning about compound interest, which is universally expressed as a percentage. If you go to the bank and open an interest-bearing account, they will express the interest rate as a percent of your deposits. Your mortgage interest is expressed as a percentage of your current balance. Similar story for your credit card accounts.

So it should be no surprise that when regular folks learn about investment products like STRC that are marketed as paying 11.5% annually, they think about it through the same lens.

But there's a blank space in their mental model: 11.5% of what?

In the absence of clarity, the mind naturally assumes that the denominator is the current value of the instrument: the market price.

This leads some folks to think that the dollar amount of their monthly dividend falls as the market price falls.

Life does not prepare most regular people to think in terms of fixed income — what some in the finance community affectionately call "bond math."

Many fixed income instruments, including many bonds, pay a fixed dollar amount. Not a fixed percentage — a fixed dollar amount. That fixed dollar amount is often expressed as a percentage of the instrument's value at par, but that dollar amount does not change merely because the market price falls below (or rises above) par.

This is what gives rise to a so-called effective yield — the dividend yield recomputed using the current market price in the denominator instead of par value.

This concept was foreign to my dad.

"So you're telling me that the price could fall to $2, and I would still get paid the same dividend per share that I own?"

"Yes."

"And so when my dividends get reinvested, they're buying new shares at a discount, not at 'full retail' price?"

"Yes."

I thought I had conveyed this clearly in one of our previous calls — and maybe I had! — but I'm now realizing that this concept is different enough from most people's lived experiences that we need multiple exposures before it can be expected to stick.

Once my dad learned — or re-learned — how the bond math works for STRC, he was not only relieved, but speechless.

"I'm in awe, son. We didn't grow up with anything like this. Hell, I didn't even start investing until MegaCorp," he said, referring to the corporation he worked at for 24 years. "I've never seen anything else in my life like this!"

He continued: "I don't understand why everyone isn't investing in STRC. Why wouldn't anyone who owned a home, who was getting ready to retire, be in this thing?"

"I hear you, Dad. I'm guessing it's because they don't understand how it works, and people are generally fearful of anything they don't understand — at least at first," I said.

I sincerely appreciate how my dad is trying his best to understand this wildly new product that is helping him meet his financial goals.

That said, I think the crux of his misunderstanding — and the source of his initial concern — can serve as a thought-provoking case study for @Strategy as they fine tune how best to communicate with the public about STRC.

To be clear, I understand why Strategy markets STRC's dividend as a percentage yield. Percentage yield is an industry standard concept. It also frames the instrument's income return conservatively in investors' minds; if the price falls, the effective yield on new shares only goes up.

But there is a cost to this in the form of potential misunderstanding. By communicating the dividend yield ONLY in terms of a percentage, some investors will be left to assume that the dollar amount goes down as the market price goes down.

The fixed dividend relative to market price is one of STRC's greatest strengths. It's why my dad is not only not worried, but completely at ease in this sea of bear market panic.

My hope is that we will find ways of better communicating this key concept when we talk to our friends and family (and each other) about digital credit.

🟠

$MSTR $STRC

[Peter Duan @BTCBULLRIDER]

The whole point of this bear market is for these Bitcoin Treasury companies to show showcase the strength of the balance sheet and their ability to pay the dividend obligations.

As such, allow the free market to play out while dutifully pay out all dividend obligations to these Digital Credit products WITHOUT mechanically adjusting the dividend rates (the effective yields are juicy enough).

If a single payment is paused, across any of the products, the whole narrative falls apart.

In short, the Investor Relations playbook should be:

A) Despite market conditions, our balance sheet is still robust.

B) As a result of our strong balance sheet, we will pay all dividend obligations (EVEN THOUGH WE CAN LEGALLY SUSPEND THEM).

C) As Bitcoin recovers from the bear market, our balance sheet will only get stronger.

Repeat this over and over again in all media settings.

Stay calm and HODL on 💪

[Richard Gazinya @DickGazinya5]

@coinbureau $BTCI has been doing this for years. And they’re not d-bags like Blackrock.

[Richard Gazinya @DickGazinya5]

@DeFiTracer This clip is 6 months old.

[Richard Gazinya @DickGazinya5]

@RepJeffries The fight is over Hakeem.

[Anna Paulina Luna @realannapaulina]

I voted against this. Unfortunately, too many Republicans sided with Democrats and it passed.

[Jornor193 @RekTradinCrypto]

@EricBalchunas @CedYoungelman Bitcoiners giving banks their hard earned paychecks to stack IOU would have Satoshi roll over where he is resting .

Stupidity 💯💯

[Richard Gazinya @DickGazinya5]

@JSeyff Not sure why anyone would buy a BTC ETF when you can just as easily buy the real thing.

[A Man Of Memes @RickyDoggin]

Looking back at Joe Biden