@stephanlivera@saylor Concentrates risk. And why not pay 100% yield? Wouldn't that be even better? The argument is where does the yield come from? And is it sustainable? Everyone assumes high yield forever. What happens to NAV when yield must be reduced? Feels like a time bomb.
So glad to see that a good many of the scammers and NGU-seekers are moving on to SpaceX and Ai. Bitcoin could use some time and space for organic growth again; people who are intellectually curious and morally opposed to the knock-on effects of fiat money will find us.
Wall Street got tired of hearing Bitcoiners brag about its performance, so what did they do? They said fine, if you are so sure it will continue to perform so well we will build treadmills that run on its performance and sell them to you.
When I initially heard about corporate adoption, I dreamed it was what Saylor spoke of, rather than a profitable company chasing growth, make bank and store it in finite #bitcoin, focus on what you do best, making a product and selling it for profit , save the excess in something that won’t melt like an ice cube.
@samcallah People are vastly underestimating the risk of promoting and enabling Saylor. Here are my thoughts on the current state of Bitcoin.
Too many HODLers got accepted by Wall Street
https://t.co/XyUV3DEpiZ
@scottmelker It's a sequence of events risk. Bitcoin in cold storage is just bitcoin. Leveraged bitcoin can get shaken out in market dynamics. It's literally that simple
"Apyx is digital money built on digital credit backed by pristine digital collateral." We-turn-bitcoin-into-money birds of a feather. Every bitcoiner paying a premium to buy common equity of bitcoin treasury companies in an attempt to get more bitcoin sits at the bottom of this.
@HabaneroGuy77@PeoplesReserve Can you explain the value prop for the customer and the PR? I can't find any for sale or any exchanges with any volume at all. If PR holds almost all of the supply, is it just a point system for them? And why use a Blockchain at all? Just charge points and be honest.
@HabaneroGuy77@PeoplesReserve There is no meaningful difference between paying points and being forced to buy an illiquid shitcoin for a lower rate. One is called "points." The other is called "innovation." The math is identical.