In America, you don’t need a license to discuss Bitcoin, advocate for it, or publicly recommend owning it. Bitcoin is a commodity, not a security. Fraud and manipulation are illegal. Bitcoin advocacy is free speech.
Scott has an income of $55,000 per year.
Scott spends $75,000 per year ($10,000 on guns).
Scott grows his debt by $20,000 per year.
Scott has total debt right now of $400,000.
Scott has fixed unfunded liabilities of $1,750,000 and is less than 10 years from retirement.
Scott's own employees say that his 130% debt will be 690% by the year 2096.
Scott needs to refinance roughly $100,000 in the next 12 months to stay solvent.
What is happening now?
Scott has a Japanese friend who is his biggest lender (despite being in even more debt) that just told Scott he might need to unwind $110,000 of Scott's debt to the open market. Therefore Scot sent his Japanese friend "$50-$100" this summer to keep him calm and ask him to not dump the debt.
The credit card companies Scott borrows from are refusing to give him cheap debt anymore, and are giving him 19 year highs on interest rates.
Scott said on August 19th that because nobody is buying his credit card debt that he will "at least double" the rate he is buying back his own credit card debt with new debt he takes out. The credit card companies didn't like that and offered him even higher rates 24 hours later.
If Scott goes bankrupt we have WW3, because Scott has been buying lots of guns. Scott would rather dilute Dollars he is borrowing in and watch himself starve than go bankrupt.
You can buy 100% of the insurance in the world against Scott's insolvency for $15,700.
Scott himself has said publicly that he wants to buy insurance against himself and that people should consider buying it.
Scott's friends say they want to back his debt with the insurance against his debt - because the insurance is that cheap and the debt is that bad.
This insurance plan's cost to buy went up 30% over the last 3 days.
Why? Because people are starting to doubt Scott.
Scott is America.
The insurance plan is Bitcoin.
@orangejuice_btc Are you going to hold all btc at the parent company level, or are you going to encourage your portfolio companies to have their own btc treasury as well?
Sweden stopped taxing the first 300,000 kronor in its flagship investment account this year.
Four million Swedes hold one. Roughly 4 in 10 people in the country, children included.
The account is called an ISK. One flat number, no capital gains paperwork, launched in 2012. Five years earlier Sweden scrapped its wealth tax. Two decades of policy pointing one direction: make ordinary people owners.
Norway spent those same two decades going the other way. A wealth tax that tops out at 1.1% a year on your worldwide assets, and an exit tax on gains you have not even sold if you leave.
We could have listed @H100Group in Norway. We chose Sweden. For the ownership culture, and more important, the ability to innovate and win.
Ownership is not a tax bracket. It is a habit countries either teach or punish.
I have learned one thing from this article:
-> thousands of personal attacks against @saylor, & not a single argument against the actual content.
Don’t attack people, attack ideas.
Bitcoin is Freedom
I spent the last few weeks in my motherland, Vietnam. The country has transformed since my family escaped in 1978. It is more prosperous, energetic, and ambitious than the Vietnam I left behind. A young population, rising investment, and global aspiration have created extraordinary momentum.
And yet one thing remains clear. For many in Vietnam, the ultimate dream is still America. And if they cannot make it to America, they want to wear American brands, eat American food, listen to American music, and exude American confidence.
My trip to Vietnam reminded me of this, and the World Cup has made it visible on a global stage. America remains not only a country people admire, but a place people still want to reach, represent, and belong to.
The United States remains the land of the free, the Wild Wild West, and the home of the American Dream. Walmart and Waffle House. Boston and Austin. Silicon Valley and Wall Street. A country where people can still rise from welfare to extraordinary success through hard work, ingenuity, risk taking, and some luck.
My family experienced that promise directly. We arrived in America as refugees, sponsored by a Catholic church in Syracuse, New York. We received public assistance, food stamps, and free school lunches. My father worked three jobs. We lived frugally and dealt with poverty and racism. America was not easy, but it was open. It gave us a system where effort, education, entrepreneurship, and perseverance could compound.
This is America. The world still aspires to be like us.
What has made America successful over the last 250 years is not accidental. It is a principled Constitution, geographic scale, abundant resources, and a culture of liberty, capitalism, entrepreneurship, and reinvention. Other nations try to replicate the recipe, but often waver. Interventionism, bureaucracy, corruption, and ego get in the way.
Which brings me to Bitcoin.
Bitcoin is the United States of money. It aspires to do for money what the American Constitution aspired to do for government: create a system governed by transparent rules rather than the discretion of individuals. Built on a principled white paper, digitally enforced scarcity, and proof of work, Bitcoin is digital capital governed by code, energy, and consensus.
But beyond that, Bitcoin is hope.
It provides hope for those who have worked hard for their money and want to protect it from monetary inflation. It provides hope for those born in countries without reliable rule of law or economic freedoms. It provides hope for anyone seeking protection, opportunity, and a form of property that does not depend on geography, politics, or permission.
I was born in the year of America’s bicentennial. Fifty years later, the future of American dominance is being questioned. I have no question. The United States of America is the greatest country in the world.
My life is proof of what America makes possible. I left Vietnam as a refugee, grew up poor in America, built a career through education and hard work, and now have a wonderful wife and three children. That is the American Dream to me. It is not just wealth. It is freedom, family, opportunity, and the ability to determine your own future.
That is also why Bitcoin resonated with me. I found Bitcoin because it reflected the same principles that shaped my life: clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction.
America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network. One opened the door for me. The other opens a door for anyone, anywhere, to protect the fruits of their labor.
That is why Bitcoin is freedom.
@RealNickMugalli@HankSweden Det finns inga banklån, bara konvertibler & preffar. Dem har varit tydliga med att dem ämnar återköpa utstående konvertibler & inte ge ut några nya heller, så troligen blir det inte fler sådana.
@HankSweden@Ceypto1 Ratinginstituten har skrivit att dem ser Strategy’s ovilja att sälja som en svaghet, därför vill Strategy visa att dem kan tänka sig att sälja om det krävs.