ishx | interstate.so

Founder fighting linearity.

ex Snapchat, Amazon. 1x exit

[ishx | interstate.so @i_shaix]

nvm, i think he just sold to prove the assets are saleable, so this particular point in time is not the beginning of the end, but bitcoin will unwind at some point mark my words grr

[ishx | interstate.so @i_shaix]

Microstrategy is the bitcoin market, this might be the start of microstrategy, and therefore bitcoin unwinding

[Laura Shin @laurashin]

"It's just complete balance sheet mismanagement"

Jeff Dorman on why Strategy is being forced to sell Bitcoin

"The market was worried they weren't gonna be able to satisfy the dividend. So they raised about $2 billion and said now you don't have to worry for a year and a half because we have this $2 billion sitting on the balance sheet solely to pay dividends. Everyone breathes a sigh of relief"

"Then a month later he takes 1.4 billion of that cash cushion and buys back some of his convertible debt at 92 cents on the dollar, completely the opposite of what he said the cash was for. He retired 2029 maturity debt, which doesn't come due for three more years"

"Now that one and a half year cash cushion suddenly fell to four months. He comes out on Monday and says we're actually gonna sell some Bitcoin. It's teasing the market that that's the only choice he has now. That's why Bitcoin's imploding, that's why the stock is imploding"

[ishx | interstate.so @i_shaix]

@the_varunrana they picked the wrong wives 😤

[ishx | interstate.so @i_shaix]

@IanAlexander_Fi interested :) and check out ai generated prediction markets at https://t.co/q7SQmuO2Dh

[ishx | interstate.so @i_shaix]

@Reese78714752 @Anarseldain they're playacting reverse jim crow

[ishx | interstate.so @i_shaix]

@vrexec if they've been at that job a while they're probably super efficient at it and have sunken knowledge that makes them worth keeping, vs a new grad that knows nothing and needs to work 24/7 to be valuable

[ishx | interstate.so @i_shaix]

@moneyhippie you're asking: what is the point of DEXes if there are CEXes?

[ishx | interstate.so @i_shaix]

@UBERSOY1 does this mean western declining marriage rates are due to a decline in the wage gap?

[ishx | interstate.so @i_shaix]

@KenWattana anthropic entering its monopolist era, would be a great time for crypto step up :)

[ishx | interstate.so @i_shaix]

@GeneSmi96946389 Yes but genetically selecting for just one gene might affect other things too rigjt? Genes have multiple effects?

[ishx | interstate.so @i_shaix]

@GeneSmi96946389 how do we know selecting for this doesn't introduce some crazy sideeffect and how effective is this

[ishx | interstate.so @i_shaix]

@GeneSmi96946389 insane if true!! children born now will be selected before birth to be smarter, insane

[ishx | interstate.so @i_shaix]

@yunbin_bae i don't know what it means but it gets the people going

[ishx | interstate.so @i_shaix]

@peter_szilagyi how does crypto solve this? this should be squarely in crypto's tam

[ishx | interstate.so @i_shaix]

@CL207 you are nithya raman and you pretend to be socialist and run for mayor

[ishx | interstate.so @i_shaix]

@the_varunrana im offended

[ishx | interstate.so @i_shaix]

@kevinleewrites @oanaolt i've never seen any crime in richmond district, marina or outer sunset, they're pretty quiet tbf

[ishx | interstate.so @i_shaix]

@johnniac_3 @noampomsky lmaoo

[ishx | interstate.so @i_shaix]

@Gugabed @mkobach its not currying investors just employees get a small piece at a 5-10m standard valuation or something its nbd

[ishx | interstate.so @i_shaix]

@Gugabed @mkobach not really industry has standards, standard yc is 5M, series a is like 50m, something like that. No reason can't standardize

[ishx | interstate.so @i_shaix]

@Gugabed @mkobach you can just keep it as a default on all employment contracts, most go to 0 so it barely matters