Divnipotent Dawg

Leather lungs together with a Ra Ra Ra! And o'er the land our loyal band will sing the glory of Washington forever!

[Divnipotent Dawg @DivnipotentDawg]

@KoshoNadeem @PeoplesReserve Can I see a buyer journey vs fiat. 20% down. 800 credit. $1m property purchase. 30 yr mortgage. Show fiat interest rate vs BMR interest rate offering w same fees (1 pt). Show monthly P&I payment. Fiat-DP becomes equity and rides housing mkt vs BMR strategy. @PeoplesReserve

[Divnipotent Dawg @DivnipotentDawg]

@KoshoNadeem @PeoplesReserve How can the lender afford to sit on btc in escrow? I assume they have debt obligations in creating the loan. They must live in fractional reserve world right? Or are they private investors willing to ride the BTC price while covering debt via mortgage payment?

[Divnipotent Dawg @DivnipotentDawg]

@PeoplesReserve But I assume lender lives in fractional reserve world and has obligations upon making a loan so sitting on equity/BtC is risky and they have fees. Do they rehypotheicate their expected share of BTC as collateral for themselves?

[Divnipotent Dawg @DivnipotentDawg]

@PeoplesReserve Pt2- ie-lender could accept $100k cash and just buy BTC to hold it. So accepting BTC from buyer means they must have a profit margin in exchange rate that favors lender vs. borrower. I think that should be transparently communicated. Cont…

[Divnipotent Dawg @DivnipotentDawg]

@PeoplesReserve I am assuming ‘seller can avoid’ means ‘borrower can avoid’ in your reply @KoshoNadeem. Thanks for engaging w these Qs. Genuinely trying to understand the structural benefit over fiat mortgage. Equity sharing of BTC isn’t ideal but it allows me to get the property vs park in cold

[Divnipotent Dawg @DivnipotentDawg]

@KoshoNadeem @PeoplesReserve Loyalty tier sounds opaque. What does that mean? Is this their way of de-risking margin call by shaping equity share payout? What tier (and conditions that create that tier) are assumed in this graphic?

[Divnipotent Dawg @DivnipotentDawg]

@KoshoNadeem @PeoplesReserve Cap gain is something to consider in the repayment math for pay back timeline. Is that factored in this graphic? Or does it assume cap gains gets removed at some point for btc ownership changes?

[Divnipotent Dawg @DivnipotentDawg]

@KoshoNadeem @PeoplesReserve So the borrower remains the owner of the btc? Or will tax man want his cap gain upon escrow bc I can’t claw it back. In fiat mortgage the down payment becomes lender’s money and they pay seller the whole price due. It doesn’t sit in escrow for 30 years.

[Divnipotent Dawg @DivnipotentDawg]

@PeoplesReserve No one is paying PMI with 20% down in a fiat mortgage. If you treat my BTC as superior equity to cash that’s fine but seller likely is taking fiat so you are having to value my BTC contribution in fiat at time of sale. So what is the exchange rate standard metric? Cont…

[Divnipotent Dawg @DivnipotentDawg]

@PattyMurray Wait a minute. Electricians make $185k a year?

[Divnipotent Dawg @DivnipotentDawg]

@SimonDixonTwitt @saylor @SimonDixonTwitt what’s the exit mechanism aside from creating a tradable proxy market for btc? Same as any equity. Just seems smart if you want to acquire the most btc. Longer play than NAKA with leverage to up and downsides. It’s a bet on cost of capital vs appreciation of btc

[Divnipotent Dawg @DivnipotentDawg]

@danakabradpitt For what purpose?

[Divnipotent Dawg @DivnipotentDawg]

@RepThomasMassie @saifedean If they called back the jets then they knew who it was and why. So who was it supposed to be pinned on originally?

[Divnipotent Dawg @DivnipotentDawg]

@P_McCulloughMD What doctors should Seattle folks reach out to if still suffering heart problems that began during Covid era? HBP from vacc/cov usually dismissed as genetic w statins prescribed.

[Divnipotent Dawg @DivnipotentDawg]

@brucefenton Now people outside KY can vote for Massie for President!

[Divnipotent Dawg @DivnipotentDawg]

@DonDejon @HillbillyDNA But the deer that carry them will.

[Divnipotent Dawg @DivnipotentDawg]

@GovBobFerguson It’s weird to state it as a percentage of income because we don’t tax income in WA. Maybe work on staying within budget and fund enforcement of fraud. Thx.

[Divnipotent Dawg @DivnipotentDawg]

@JasonPLowery Not sure about this one. It seems like you’re saying ‘before’ isn’t the same as ‘after’ and thus before can’t affect after.

[Divnipotent Dawg @DivnipotentDawg]

@AdamBLiv @alanknit @grok @AdamBLiv So why wouldn’t @saylor buy his own stock when below mNaV? He would get BtC exposure at cheaper than spot and get ‘leverage.’ Is it bc MSTR common has no claim on MSTR BTC? Or bc he is moving his stock position into fiat? I’m losing the narrative.

[Divnipotent Dawg @DivnipotentDawg]

@AdamBLiv @alanknit Hey @grok, if Strategy bought back the MSTR stock, instead of buying BTC directly, what would the cost of 1 BTC be in MSTR stock?