@_Checkmatey_@adam3us@davmk1 heck you could buy at nav 1x then they go lend 5% of their stack which may or may not be paid back the nav of bitcoin they control just dropped 5%. now you just hope they get paid back with interest if not you just lost your bitcoin assuming you buy shares with bitcoin not fiat
@_Checkmatey_@adam3us@davmk1 yah arbitrage will definitely close when mstr can’t simply buy bitcoin fiat, when btc has to be earned and spent or lent on ventures to earn more it will be at risk of loss the nav will need to be discounted, presuming earnings growth in a deflationary world seems presumptuous
@adam3us@_Checkmatey_@davmk1 i do wonder about full adoption and deflation an investment would always need to out preform btc terminal purchasing power growth rate. I would think it needs to be sub 1x discounting for risk. in a world of precious irreplaceable btc people wont buy or lend so frivolously
@GOPMajorityWhip epic win Kevin door dashing your way through retirement the system is working!!! so glad you don’t have to pay tax on tips shame you can’t just retire though
@canaanio@barluquete@f2pool@Walter_Kings1 just so you know if it breaks in 1-2 months Canaan will do basically nothing to help you, they tell you to buy a new power supply which doesn't fix it and then ignore you.
I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that?
@PeterSchiff BASED! Let’s go Peter! Yes!!! ��
Correct we don’t need XRP but we did need XRP campaign financing to get pro bitcoin politicians. This is how political graft works, welcome to America. I don’t care how we get to BSR as long as we get there.