Larry Cieslowski

Entrepreneur, Libertarian, Enneagram type 5, Horror enthusiast, #Deplorable, #Bitcoin

[Marc ₿ @marc02200]

THIS IS HUGE FOR BITCOIN

Someone just bought a $4.2 million home using Bitcoin as collateral... without selling any Bitcoin. And it was backed by Fannie Mae.

While the timeline obsesses over short-term price action, Bitcoin is quietly moving from “store of value” into real collateral inside the $50 trillion US housing market.

[Larry Cieslowski @polock57]

@SubxNews Should’ve just handcuffed him much earlier when he got in the officers face….. not to mention the countless verbal threats he threw at the officers. These kind of people need to be shown in example of what can happen….. and the psych hospital isn’t the answer!

[Parker @TheOtherParker_]

So wtf happened, why did $STRC depeg?!

It's a small flaw in the design that has been halfway fixed and completely fixed by $SATA.

STRC pays dividends once a month. You only need to hold STRC one day of the month to get the dividend though, so there's the other ~20 trading days where it's just "a regular stock".

Importantly, it's a regular stock that is VERY cheap to short with HUGE amounts of borrow available.

No rational trader will hold a long term short on STRC, because they would owe the 11.5% dividend yield each month if held through the record date; however, as long as you close your short out before the record date, then your cost is zero. Furthermore, traders KNOW that Strategy won't let STRC trade above $100, so if you open a short at $100, your risk is completely capped. In fact, it's basically a risk free trade if you short at $100 and cover the short (close out the trade) before the record date.

On the other side of things, we know that people use leverage to buy more STRC, effectively looping. This is mostly done in brokerage accounts, not DeFi as many think. The sizes is TradFi DWARF what happens in DeFi.

So, you have a powder keg here. People levering long on STRC to capture double digit yields, but shorts having a free lunch to short and see if they can margin call some of these longs, as long as they cover before the record date.

If you think what happened last week was completely orderly and not manipulated at all, you're silly. Some big traders pushed the price of STRC to try to shake out the lettuce hands and margin call the loopers.

So, how do we fix this? Well, $SATA completely fixed it by switching to daily dividends, because now the shorts have a very real cost to short. It doesn't mean they won't, but there's no more free lunch. STRC made it a lot better by switching to bi-monthly, but didn't completely fix the problem. Hopefully they switch to daily very soon.

Going forward, @apyx_fi will be holding more $SATA once the daily dividends kick in to help reduce volatility. $STRC will still be the lionshare of the reserve, but $SATA has earned its place.

[COINVIEWS @coinviewsIO]

@saylor This feels less like “Bitcoin is broken” and more like Wall Street chasing the shiny AI trade while BTC shakes out weak hands rotations hurt, but they also create the entries tourists only recognize later.

[dōjōcat @7stripewhite]

@solana I need you guys to lock tf in right now. Ain't nothing breaking on Solana except new lows. Get your shit together.

[Larry Cieslowski @polock57]

@blackwidowbtc @darwinscott423 That’s what I appreciate most Spider. Straight down the middle facts. No emotions needed

[Larry Cieslowski @polock57]

@blackwidowbtc Well deserved my lady😊

[Larry Cieslowski @polock57]

@the_det_times Nope!!!

[Larry Cieslowski @polock57]

Exactly! I STILL have friends that say BTC is nothing more than a pet rock.😂

[Mike Alfred @mikealfred]

Larry Fink likes Bitcoin. Donald Trump likes Bitcoin. Kevin Warsh likes Bitcoin. Scott Bessent likes Bitcoin. Stan Druckenmiller likes Bitcoin. Paul Tudor Jones likes Bitcoin. Elon Musk likes Bitcoin. And you and your uncle Joe think you're smart for not liking it? Get real.

[Larry Cieslowski @polock57]

@Montrose_4 I truly don’t understand why Americans are against this. Instead of giving me a general “voter suppression” answer, specifically how does it suppress votes. You mean by actually pulling out some form of identification? How is identification un-American?

[Larry Cieslowski @polock57]

@vxylily High beam. Of course it only works if there is a female in the passenger seat.

[Larry Cieslowski @polock57]

@EricinAmericaX @cb_doge Sounds exactly like what the local national media does with black crimes.

[Larry Cieslowski @polock57]

@otokyo Scrubs

[Larry Cieslowski @polock57]

@femalebodybuil6 Need more

[Larry Cieslowski @polock57]

@Freyaaie Capt. Stubing

[Larry Cieslowski @polock57]

@NancyMace Property tax!!!

[Larry Cieslowski @polock57]

@otokyo Adolf

[Larry Cieslowski @polock57]

@bobwojnowski Embarrassing play by the Pistons! Time to bring out the paper bags

[Larry Cieslowski @polock57]

@HonoluluBlues_ I’ve never seen a team that misses it so many layups as the Pistons😡