This is hard to post. But they say acceptance is the first step, and I know I'm not the only one. 😢
I've been suffering from Bitcoin Depression.
And maybe you are too.
@mhluongo@_pretyflaco@matbalez@moneyball@PhoenixWallet That's a flawed comparison.
BTC and sats are so far apart that almost no user will ever use a Bitcoin.
In the Dollar system you use Dollars. In the Pesos system you use Pesos. That's simple and makes sense.
So why not use Bitcoins in the Bitcoin system?
@_pretyflaco@matbalez@moneyball@PhoenixWallet "Sats" is terrible UX though. Billions have heard of "bitcoins" but hardly anyone has ever heard of "sats". It's counter-intuitive.
Why not make it simple and meet users expectations?
STRC borrows Bitcoin’s halo while inverting its properties:
Printed from thin air
Can't redeem BTC
Permissioned
KYC’d
Censorable
Centralized
Systemic risk
That’s not Bitcoin exposure. It exploits a vulnerability in the social layer. You’re trading fuck-you money for cuckcoin
Is Strategy 'SBF on steroids'?
The fraud comparison doesn’t hold water, but concerns around concentration, custody, and STRC growth are still valid - PBJ breaks it down ↓
Timestamps:
0:00 - Why Strategy has bitcoiners worried
10:29 - Why STRC is not a ponzi
14:11 - When STRC growth becomes risky
17:43 - Custody risk and DeFi leverage loops
23:31 - Why Strategy isn't Terra Luna
25:01 - How MSTR can beat holding bitcoin
33:24 - Saylor’s financial engineering playbook