Gen Zero Sum

D(oomer).I.N.O. 🦖 | Anti-Cantillon cartel | it’s ok to say homes are overpriced out loud | Fix 💰 → Save 🌎 | run a node, anon

[Gen Zero Sum @GenZeroSum]

@ZeroHedge_ Feel like they been lying about jobs just so they can tackle inflation. They should have crushed it 3 years ago. We’d already be through the worst of it.

[Gen Zero Sum @GenZeroSum]

@davidzmorris Lol been there brother. But yeah I’ll pour one out for this guy.

[Gen Zero Sum @GenZeroSum]

@ChrisMMillas @superjamono The conference calls are mostly song and dance corporate speak or Saylor gibberish. They’ve already back tracked several stances they’ve made on those conference calls: we won’t dilute below 2x mnav, never sell your bitcoin. And now bitcoin per share is suddenly a narrow kpi. 😂

[Gen Zero Sum @GenZeroSum]

@ChrisMMillas I recognize the whole world runs on basically a confidence game, but bitcoiners who are ignoring the red flags of Saylor and co are enabling the sinking ship at this point. Call them out and demand they pivot to something productive. There is no free lunch.

[Gen Zero Sum @GenZeroSum]

@layeredstacks @MercurialDad Damn merc… the lad wasn’t ready for you to drop the cliff notes on how to do bitcoin in creative mode.

Stacks, what he wrote is probably more bitcoiner than 99% of the trash you’re going to read on this app.

[Gen Zero Sum @GenZeroSum]

@layeredstacks This is pretty mild so far.

[Gen Zero Sum @GenZeroSum]

@VEQOapp @Kalshi lol

[Gen Zero Sum @GenZeroSum]

Lol technically MSTR is an AI company. Maybe this is the Hail Mary Saylor has been waiting for 😂. Time to do some blow and convince the grifter in chief they are a top AI company.

[Polymarket @Polymarket]

JUST IN: Trump announces the government will seek equity stakes in top AI companies to make the public “very rich”

[Gen Zero Sum @GenZeroSum]

@BTCBreadMan You didn’t see the posts a few days ago on the upcoming convertible bond obligations vs their market cap? Why else would they retire those 0% bonds at a ~$40 million loss? They cleared that in case the bear market is extended and can’t raise capital through dilution/btc sells.

[Gen Zero Sum @GenZeroSum]

@TFTC21 @CynthiaMLummis Lol what purchases?

[Gen Zero Sum @GenZeroSum]

@CryptoParadyme I’m staying away. I am guessing I will regret it initially.

[Gen Zero Sum @GenZeroSum]

Where is strategy getting the money to buy bitcoin? Not from their operating company.

It’s entirely reliant on both new investors buying the common stock (knowing it’s going to be diluted and is a lower preference to the perpetual offerings) and Bitcoin going up at a sufficient CAGR. But as you said… there are no other large buyers. That alone is a signficant risk, and that’s before you introduce the convertible debt obligations if the stock can’t rise significantly to convert their positions into shares.

I get it, we’re in a bear market, but this isn’t a very sensible one. We have no boogie man to blame this time. It’s just a lack of QE (which doesn’t appear to be coming anytime soon) and a lack of interest in Bitcoin.

You don’t think committing to a perpetual dividend without any meaningful profit margins to pay the yield while having convertible bond liabilities looming is a vulnerable position? Their options to course correct make the situation worse… they are relying entirely on bitcoin rebounding. It doesn’t look like the market wants to give Saylor a free lunch.

[Gen Zero Sum @GenZeroSum]

@Z06Z07 @TXMCtrades @Strategy Is strategy net new buying though? Or is it primarily retail bitcoiners who would be buying Bitcoin if strategy/strc didn’t exist? I suspect strategy is a drag on Bitcoin at this point bc large buyers aren’t wanting to get involved with an asset tied to vulnerable capital stacks.

[Gen Zero Sum @GenZeroSum]

@Ys0Complicated @parkeralewis @shane3628 @TFTC21 https://t.co/4radGS0dIJ

Have fun big dog.

[Gen Zero Sum @GenZeroSum]

@Ys0Complicated @parkeralewis @shane3628 @TFTC21 Their financial statement? Didn’t the ceo say just yesterday that staying unprofitable is the strategy? Lol. Then he referenced bitcoin per share when Saylor is trying to distance himself from that as a kpi. It’s a mess… they need to make money to buy bitcoin like the rest of us

[Gen Zero Sum @GenZeroSum]

@Ys0Complicated @parkeralewis @shane3628 @TFTC21 And a bad operating company at that

[Gen Zero Sum @GenZeroSum]

@shane3628 @TFTC21 If you can buy ASST/MSTR in a tax advantaged retirement account, you can almost certainly buy ibit. Fidelity supposedly offers the ability to buy BTC without the wrapper, but custody is an issue with any of these. Still, the tco’s with preffered obligations are a drag on BTC imo.

[Gen Zero Sum @GenZeroSum]

@FinancialPhys @unusual_whales It is almost exclusively the wealthy trading houses.