@RyanWhite1975@HermesLux Oh wow, maybe I’ve been way wrong. Will need to play with those #s and see what that approach would like vs current state. Thank you for sharing your thoughts! Much appreciated.
@RyanWhite1975@HermesLux Fair enough. FWIW, I snagged MSTY when a job change cut my base salary in half and I needed an income play of some kind. (Have MSTR too, cold BTC, etc.)
@elonmusk Massive congrats, @elonmusk - you've earned every dollar of your success.
The bad news is that your $ T won't avail your body or soul anything in eternity. Today is the day to put your hope in Jesus Christ, the God-Man who entered time and space to save sinners like us.
@TheGreatB00ks Just finished The Odyssey. Normally read physical but will be listening to the Iliad on long runs -- is there an audiobook version you'd recommend? Ty.
@shane3628@CorySwan@SALTLending Hi Shane, I'm considering Salt vs Strike right now. Is this still the current best rate within your Shield program? https://t.co/d1IoZW7SVj
@JM_speakss@marc02200 Check out Salt Shield, and Strike is rolling out similar "liquidation-proof" lending this month, per @jackmallers . I think the concept is like borrowing for a home mortgage: the bank doesn't constantly monitor the LTV, as long as you're making the monthly payments you're good.
@matt_levine You'll appreciate this incident write-up by @NYDIG :
The MicroStrategy Polymarket Resolution Controversy
The dispute surrounding Polymarket's "MicroStrategy sells any Bitcoin by May 31" contract highlights a fundamental weakness in prediction markets: poorly specified resolution criteria can create ambiguity even when the underlying facts are not in dispute.
The relevant facts appear straightforward. Strategy disclosed in a June 1 Form 8-K that it sold 32 bitcoins during the period from May 26 through May 31. The filing explicitly states that the sales occurred within the contract's stated time window. By any ordinary reading of the question “whether MicroStrategy sold any bitcoin by May 31?” the answer is unambiguously "Yes."
The controversy stems from the timing of the disclosure rather than the timing of the transaction. Following a challenge of the market’s initial “No” resolution, the resolution was upheld by holders of the UMA token, which governs Polymarket's dispute resolution system. Polymarket relies on on-chain voting, where disputed outcomes are ultimately decided through token-holder voting of using the UMA token rather than by Polymarket itself. In this case, additional guidance reportedly argued that no information from Strategy, on-chain data, or a consensus of credible reporting confirmed the sale before the market deadline, and that confirmation obtained after expiration would not qualify.
That interpretation effectively transforms the question from "Did MicroStrategy sell bitcoin by May 31?" into "Was there public confirmation by May 31 that MicroStrategy sold bitcoin by May 31?" Those are materially different questions. The first concerns an underlying real-world event. The second concerns the availability of evidence about that event at a specific point in time.
The distinction matters because Bitcoin transactions are disclosed after they occur. Public companies routinely report transactions days after execution through SEC filings. A market intended to predict whether an event occurred should generally resolve based on whether the event occurred, not whether market participants possessed the evidence of the event before expiration. Moreover, the idea that “on-chain data” would resolve the timing of the sale is a naive interpretation of how bitcoin sales with institutions occur. The on-chain movement results from settlement of a trade, not the sale itself, which happens off-chain, typically the day before settlement (on-chain movement).
After a second dispute, the contract was finally resolved to the initial “No” outcome, robbing investors of their money, not because they were wrong, but because the contract was poorly specified and the governance vote failed to correct an error.
@sunny051488 Hey boss, know you've written about this but can't find it. How can you tell which card offers will make direct deposits to your checking acct vs do balance transfers only for 0% @ x months? Thx!
@MysteryGrove I slept in a bunch of shelters the CCC boys built when I thru-hiked the Appalachian Trail, but my (then) libertarian instincts forbade me from appreciating the value and significance of that program. Great idea here.