@imWalterW It seems some want to reach $5 at all costs; a bad idea, as an awakening could occur sooner than expected. The collective consciousness of the people is uncontrollable, much like Bitcoin. Those who persist in seeking control are, ultimately, lost.
The most BEARISH signal for Bitcoin may come tonight.
At 11PM CET, MSCI may officially DELETE Strategy, $MSTR.
The world’s biggest corporate Bitcoin holder could lose its spot on the world’s top stock lists.
TRILLIONS of dollars from BIG investment funds automatically follow these lists.
If a stock is on the list, these funds must BUY it.
If it gets kicked off, they must SELL it.
MSCI’s new rules kick out companies that fail 4 of 5 tests showing they run a real business.
Strategy reportedly fails all 5.
Even Strategy itself expects to be removed.
If it happens, these funds will have to sell ~13 million $MSTR shares by Nov 30.
At Monday’s close of $121.07, that’s ~$1.6B in forced selling.
That’s ~60% of what the stock normally trades in a full day.
JPMorgan says the selling could reach -$2.8B, plus another -$8.8B if other big stock lists follow.
The stock has already fallen from $145.16 to $121.07 in just two weeks, a drop of ~17%.
This matters for Bitcoin because Strategy buys BTC by selling its own stock to investors.
A lower $MSTR price means less money for every share it sells.
And it gets WORSE.
Investors have always paid extra for $MSTR, valuing it above the Bitcoin it holds.
That "extra" is what lets Strategy sell new shares and turn the cash into more BTC.
In mid-October, it was down to just ~8%.
Once $MSTR is worth the same as its Bitcoin, selling new shares to buy more BTC stops making sense.
And if Strategy still needs cash to pay its bills, the next thing it can sell is its Bitcoin.
That’s 850,364 BTC, worth billions, sitting on the table.
From “never sell” to “need to sell.”
What a ride.
Thank you to @MarkAttwood @garykealy2 for inviting me to @frybrookehouse
Thank you to @Dr_CSWright for spending time speaking with me!
What an experience from a group of people that want to see fare change to the world!
There is a storm coming to clean up the way we transfer value, and nothing can stop it!
REMEMBER: when you use the BSV blockchain you get to share a moment with someone and it is time stamped to the blockchain!
That is powerful!
Some say that BSV is merely data infrastructure for Internet and not a money; I disagree that would be like stripping the "COIN" from Bitcoin. Others argue that it must be listed on big crypto exchanges to succeed; I disagree with this as well, that would be like stripping the "BIT" from Bitcoin.
I belong to the Millennial generation (when we were kids Internet and social networks were not widely adopted), and I believe our generation is the best mentally prepared to drive the global adoption of the original Bitcoin. We can relate to our children or nieces and nephews who like NFTs as art or new kind of onchian-Content and are "Degens"; while also understanding our parents or bosses from the Baby Boomer generation, who view this solely as data infrastructure.
I share the sentiment expressed by @Dr_CSWright (aka Satoshi Nakamoto) when he said that Bitcoin is the future of everything.
🧵 Important announcement: I'm leaving crypto and X.
After years of stress, pain, and depression caused by my involvement in crypto, I've finally made a decision: I'm walking away and choosing to get my life back.
And honestly, I wish I'd done it sooner.
Let me get this straight
1. Binance/WLFI gets sued on 22nd October ending the pump at 84k
2. Binance gets hacked
3. Justin sun comes out and accuses WLFI of some heavy shit
3.5 CFO of micro strategy and Binance quit
4. Republicans lose midterms
4.5 sahil comes out of no where and starts posting influencers/justin sun scamming messages
5. Democrats going to investigate Trump/WLFI etc
6. MEXC gets cooked for money laundering
Yeah there's a crypto power struggle going on right now and last time this happened was FTX(which power struggle started 2months before collapse)
Keep bare minimum on exchanges
Be prepared for a total fuck show
Por qué no lo supe antes?! 😱😱😱
El arte de doblar la ropa no es solo una tarea del hogar, sino una disciplina de organización que optimiza el espacio, reduce las arrugas y aporta paz visual a tu entorno.
Inspirado en gran medida por técnicas orientales, consiste en tratar las prendas con cuidado para prolongar su vida útil.
My 33-part lecture series on "Omniology & Holoscopic Science" on X has stopped at Episode 7 due to Premium fees.
You can watch the full video series, including Episode 8 and beyond, on the treechat blockchain!
Please visit and listen:
Account: Donisiya
@MarkAttwood@kurtwuckertjr Look here, Mark! Please provide an update on the November 5th BSV event! Are you restricting it only to a specific medium?! That is so petty! A great figure cannot be hidden by such small-mindedness! Very frustrating!
I have a new theory. Quantum computing is the Clipper Chip for the twenty-first century.
The original Clipper Chip was supposed to give governments access to encrypted communications. Unfortunately, people objected to having their security deliberately compromised. How terribly inconvenient.
So perhaps the modern approach is more elegant. Instead of demanding backdoors, announce that quantum computers will soon render existing encryption obsolete. Frighten everyone into replacing established cryptographic systems with new ones.
Never mind that no cryptographically capable, fault-tolerant quantum computer exists. Never mind that there is no demonstrated engineering or economic path to building one at the required scale. Apparently, a sufficiently impressive PowerPoint presentation now counts as experimental physics.
ECDSA and RSA remain secure against known practical attacks when correctly implemented with appropriate parameters. Shor's algorithm presents a genuine theoretical threat, but the machine required to execute that threat at scale remains hypothetical.
I doubt we'll see such a machine by 2050. By then, many existing cryptographic implementations may have been retired anyway. We have been replacing obsolete algorithms for decades without needing a quantum apocalypse to justify it.
The amusing possibility is that quantum panic becomes a remarkably effective way to persuade everyone to abandon established cryptographic infrastructure and adopt systems whose implementation and governance introduce entirely new vulnerabilities.
The Clipper Chip required a backdoor.
The modern equivalent might merely require a frightening forecast, a generous research budget and enough people willing to confuse theoretical mathematics with an actual computer.
How wonderfully convenient.